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Comments
Don't let them fool you with the $X,XXX under invoice approach. That's going to end up as an arguement over what "invoice" means. They'll add other fees and charges which aren't invoice. Best approach is to get a price quote of the full purchase price including all extra charges and fees except tax, title, and license, aka purchase price minus TT&L.
Good luck.
otguy.
First off thanks to all who have posted prices, thoughts, links etc. This forum was extremely helpful to our shopping experience.
So the numbers currently our best deal is $27,459 for an Ocean Mist EX-L (no navi, no res). We have been quoted $26,959, but that dealer is pricing our trade in much lower. Those prices include the $550 destination fee and all other dealer fees. They do not include tax and registration.
We are hoping to finish things up tomorrow and take advantage of the previously mentioned Honda finance promo, but I was curious as to the thoughts of the community.
thanks again.
Also confirmed that Honda starts a new financing deal for Odys this Friday for 2.99% for 3 years or 4.99% 3-5 years
Dealers are responding quickly to internet requests with decent first quotes, then quickly going lower. They seem eager to sell. I should be able to close a deal soon on an EXL for well under $27k + TTL. More details later.
Anyone else getting Ody quotes in the SF Bay Area or NorCal?
otguy
Thanks for your help.
I have a quote of 33,562.xx from one dealer and 33,548.xx from another dealer. I'm not going to argue over a few dollars in the difference.
I did get contacted by one dealer who tried telling me (in a condescending written tone) that he would only take offers over invoice because their dealership does not give cars away at a loss. I guess he assumed I didn't know about the 500 factory incentive and the holdback.
Here's his quote:
"MSRP for 2006 Odyssey EX-L DVD/NAVI is $35145
Factory Invoice is $31,673.24
If you will give me some profite over invoice ,will be fine,but don't
ask to loose the money just to sale the car."
And this guy is their "Internet Sales Manager!" You would think the Internet guy would know that his potential buyers are savvy about the Internet and know a little about pricing, incentives, holdback, etc...
BTW, don't forget the 2.9% financing starting this friday.
ask to loose the money just to sale the car."
This is the guy they choose to communicate with customers in written form? :surprise:
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Edmunds Moderator
Just to give some feedback on our experience in the Boston area - 2006 EX-L DVD/NAV Ocean Mist.
Our OTD price is 32,005.
Started with the invoice of 31,673.
Gave us the entire 3% dealer holdback back.
Gave us a large percentage of the $500 dealer incentive.
Documentation fees were really low.
Tax here is 5%.
We actually e-mailed a bunch of dealers, went through 2 or 3 rounds, and were lucky enough to have 3 dealers that really wanted to compete for our business.
The other 2 offers ended up being 32,268 and 32,280.
I am also looking for EX-L DVD/NAV in Boston area. May I know the Dealer name ?
Can you please tell me what OTD is?
Is the invoice you mentioned here the same found in Edmunds?
I about to shop for a 2006 EX-L RES in central NJ? Current offers are 28100 before destination. There is 6% tax here, and typically, $170 doc. fees, $ 352 for plates, so prices out of the door are ~$31000. Is this reasonable? Does anyone have experience buying in central jersey?
I will greatly appreciate your feedback
:confuse:
It's 27,295 plus tax & tags. Out the door would be 29,192 (with the 6% sales tax, $260 tag fee.) Includes free cargo tray and splash guards.
Sound good? Is there any other room to negotiate?
Having second thoughts, if I decide not to buy the car, can I get my deposit back? Again, I signed nothing except the credit card receipt for the $200.
Boch Honda ended up with the lowest.
Herb Chambers of Boston was close ... and they were actually great to deal with - was disappointed they didn't have the lowest price.
Clair Honda was in the running, but not quite as good.
Did you mean the 28400 already included the $550 freight charge? Or, the price was 28400 plus 550 freight charge? Thanks.
2.9 up to 36 months
4.9 up to 60 months
Must qualify for "Super-Preferred" with AHFC
There are special rates for all credit scores (with lender approval)
The Anonymous Dealer
Also does this efect the $500 rebate to the dealer?
Odiopus
Odiopus
Where was you quote from? Sounds like a great deal.
Dealer A: $30 more
Dealer B: $340 more
Costco: $800 more
AAA: $1,500 more
I won't give the total dollar figures, because I'm sure these will change as the end of the model year gets closer. It's very nice to be paying somewhere between $1,200 and $1,500 below Invoice (note: below Invoice, not just below MSRP) for exactly the car we wanted!
My guess is that Costco works better for cars selling closer to the MSRP, and not so well at the end of the model year.
We went to Rock Honda, and had a completely satisfactory buying experience - no surprises, no unexpected fees, pleasant/competent people, etc. Perhaps we could have gotten the dealers to bid against each other and have gotten the price down a bit more, but the people at Rock Honda were great to work with, it's 100+ degrees, gas is >$3.00, and we have far more enjoyable ways to spend our time than haggling.
Suggestions and comments:
1. Get the Costco and other fleet prices, and be sure to use the Edmunds system to get quotes from dealers in your area (use different ZIP codes if you don't get as many dealers as you'd like to have bids from).
2. We got an extended warranty through the dealer. To get the best price, get the figures from www.myhondawarranty.com and show them to the dealer. The dealer will be likely to be reasonably close to those prices.
3. Most of the cars on the lots have a leather-wrapped steering wheel. I REALLY like the feel of the rubberized stock steering wheel. There were two cars sitting in the sun on the dealer's lot, and the rubberized one seemed cooler than the leather-wrapped one.
4. We've seen no evidence of the steering wheel shimmy other people have talked about on the Odyssey, and no evidence of the 2000 rpm "blowing across a soft drink bottle" sound. But we haven't gone over 60 mph yet.
5. First thing tomorrow I'm going to take some gutter screen and cable ties, and attach the screen inside the lower air intake to protect the grill and pipes from rocks (as other people on forums have discussed).
6. Then I'm going to take two cans of Scotchgard and spray all the cloth and rugs (we like cloth better than leather)
7. What we did find, on opening the front door in the garage and bumping a cabinet, is that the black vinyl (or whatever it is) on the edge of top portion of the door must be about 3 molecules thick. About a 1" long strip rubbed off on the edge of the door, exposing the white metal underneath. Cheap, cheap, cheap! Off to Home Depot to get some liquid rubber.
Otherwise, the car is great!
And THANK YOU THANK YOU Edmunds for the system for getting prices from the internet sales departments of dealers, and for the forums so we can find out likely trouble spots for cars! I hope that Edmunds realizes what a great service they provide to consumers!
The dealer was O'Donnell Honda in Ellicott City. I accidently posted a person's name in my original reply (not allowed), but from what I saw, anyone there would be easy to work with. Good luck!
All the Odysseys in the local area could be had for no more than 1k below invoice.
So the shopping service did no better than my own quotes.
So if all is true, it looks like there are better deals to be had in SoCal than NorCal right now. I guess when we're talking about a 30k dollar purchase a hundred bucks here or there isn't that big of a deal...
We shopped around a lot for the best price (carsdirect; edmunds TMV; every honda dealer within 30-40 miles), and Steve had the best price by a long shot.
The other two dealers we were mostly likely to use, simply for convenience/location were Curry Honda and Gwinnett Place. Neither could match the price, and I was really irritated by internet salesperson at Gwinnett Place (Reggie Demande). He was all smoke and mirrors and wouldn't give a straightforward answer to anything and had an attitude. Stay away !
Steve, on the other hand, was completely responsive to all emails and calls from us (I was surprised by how unresponsive other dealers sometimes were to inquiries). He gave us the lowest price ($23,996 including destination charge, cargo tray, and splash guards, so this is over $2000 below invoice, I believe, on the basic EX trim). Once sales tax and documentation fees were added in, our driveout cost was $25,997. SO much better than everyone else, and even a few hundred below carsdirect. There is a $500 incentive to dealers right now, so that is one reason the price is low, but the other dealers still couldn't match it.
When we went to the dealership, he didn't try to add on expensive accessories or paint protection packages or any of that like other dealers do. The price he quoted online was the price we paid. We never felt hustled and got great service - it was worth the extra 30 minute drive for us.
Go see Steve!
sclarke@hennessy-auto.com
770-924-9000
Thanks in advance for any help or advice.
Ray
My purchase experience is a long tail that I may recount in detail later. In summary, I spent several days emailing back and forth with 8 or 9 SF Bay Area dealers. The best offer I got was from Boris at Serramonte Honda, $26,888 +TTL with splash guards and wheel locks included. However, Boris couldn't come through with the right color. To his credit, he offered me a Sage Brush Pearl model for $200 less ($26,688 + TTL). George at Anderson in Palo Alto would have matched Serramonte's offer, but they didn't have the right color. Kim at San Leandro came close enough to matching Serramonte by agreeing to $26,888 +TTL with a cargo tray. She came through without playing any games at the dealership and finished the paperwork quickly. I have to give Kim and Tina (finance) at San Leandro props for excellent service and a very good price. In the end, I saved myself about $300 from first quote I got, which incidentally came from Kim. The $300 I saved was not worth all the time back and forth emailing the various dealers.
No trade-in.
No warranty.
No add-ons except the cargo tray.
I'll be really surprised and impressed if anyone can beat the deal I got by a significant amount.
Otguy
PS: Got Honda's financing of 2.9% for three years, an icredible rate that beat my cedit union's 5.75% rate.
We went into today to Honda Cars of Rock Hill in Rock Hill, SC. The best deal that they came up with was $2000 off MSRP. When I counter offered with some of the below invoice deals stated on this site, he blew up. He told me to go back on this site and tell everyone that:
Quote: "They ought to be ashamed for lying. That is a LIE!!! There is no way that anyone bought an ODY below invoice cost." Never mind $1000 below invoice."
He even wanted to print his name and phone number here but I know I can't..LOL
I don't think that I have ever been so stunned. This guy has been at this dealership a long time. I'm kind of timid about trying another dealer. Any thoughts?? Thanks to all.
Did your price of $26,800 include the $550 destination?
Croftonhills
Try that, and in the mean time put in a quote request to a couple of other dealers in the area the same way. If you do it over the internet they can't really be rude to you.
I say give it a shot this way first, before you give up.
The destination charge is exactly that - the price of delivery of the unit from the factory to the dealership. It is a legitimate (and non-negotiable) charge.
Yes, there is a $500 dealer incentive at present.
You might be able to do better on the price (or not, depending on local market conditions). Shop several other stores and you'll quickly find out.
You are currently behind invoice because of the Gas Card and essentially their profit margin as it stands is $200 of the dealer cash (which the dealer does get on each and every Odyssey sold during the incentive period) as well as the Hold Back (Probably what you mean by Rollback.) The Dealer pays invoice for the vehicle and receives holdback when the vehicle is sold.
I am a Honda Dealer in Texas
I wouldn't pay cash for the vehicle as there is a 2.9% special through American Honda right now for a term up to 36 months with approved credit. (Simple Interest)
The Anonymous Dealer
p.s. As a Dealer it is not my place to determine whether you got the best deal and I hope your experience in buying a Honda has been a great one so far! Good luck to you!
Invoice (including destination fee)=$23,361
Less Holdback rebate of $760.35
Less Dealer incentive of $500
True cost=$22100.65
Am I interpreting this correctly? Thanks again.