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Comments
FB23
I live in MD but go to Long Island regularly.
Thanks
Your trade is worth whatever it is worth. Springing it after the deal is done accomplishes nothing. Just causes more work for the salesperson.
Besides, we can usually smell a "hidden trade".
The dealer gave me 2K higher than what Car Max offered me. I've found Car Max to be a waste of time. I've taken 3 cars there over the years, all very clean low mile models 5 yrs or less, and they are 10-20% lower than what I've gotten on trade. I'm a savvy negotiator and know how to bottom line price on a new car and also trade, so it wasn't a case of them inflating the price of the new car to justify a higher trade in allowance. I see these posts about them paying top dollar, and maybe they do except for my vehicles!! It doesn't hurt to get an opinion. I bought an 07 Touring in Dec of 07, traded in an 03 Ody EXL w DVD. I've been monitoring this board ever since, it's a great place for information. Good luck!
Tampa2
I emailed 6 dealers in my area before the end of the month in January, hoping for some end of the month deals. I got 1 'call me back' reply, 1 'unbeliveable' price of $29715+TTL reply, and 3 reasonable quotes which were about $200 within each other, and 1 dealer did not respond. So I just dealt with the 3 that responded with reasonable quotes. I emailed them back to make sure they did have the exact type of Odyssey I wanted.
I was expecting the quotes to be above invoice (before the $1250 cash rebate), but they were $400 - $500 below. But at least now i had a starting point to deal. I gave one dealer a low ball offer of $31250+TTL but he thought that was crazy and told me to make a better offer. At this point, it occurred to me to look at the old posts in this forum from Jan '08 and Feb '08. What I discovered is that Honda increased their cash rebate on '08 Odyssey from $1000 in Jan '08 to $2000 in Feb '08. So since I was in no hurry to buy, I decided to take a gamble and wait for the Feb '09 incentives. Sure enough, Honda increased their incentive to $2250. I got emails from the dealers with their new quotes. I replied with a "I'll buy it today for $33750 OTD price". That price is $881 below invoice (before incentives). One dealer came back with $33874 and said that the van had splash guards and I would have to pay $130 for them. Another dealer said okay to my offer and the deal was done.
Beforehand, I applied for a loan at Capitiol One and got a 5.3% rate (after .1% Costco discount), and I took that in to the dealer. I was thinking AHFC would match or beat, but they couldn't. They tried their local bank connections and no one could beat it. I think that is why the visit to the dealer took longer than expected. But in the end I was happy.
Here's the break down:
$33,258 selling price
-$2250 cash incentive
+$2742 TTL
======
$33,750 OTD
Thanks to all to post here, these forums are an essential tool in the car buying process.
We are just at a crossroad with what to do. Either de-pax or do the trade if we can get a good amt on the trade (we already have the OTD price from a dealership via internet). I think the next step is have a meeting with the dealership and see what they'd do with the trade-in. We don't have to buy a car, but if they make it worth it, we'll do it.
Huntington Honda offered the next best price, $98 more, with no haggling (direct internet price via edmunds.com)..
Best of luck to you.
Could you please share the Dealer Name including the qutoe of 29715?
Did you contact them at all, or assume it was a bait and switch.
I've spoke to Valley and Honda of Lisle and get my current honda serviced at both.
Thanks,
TonyL
Naperville.
Honda of Lisle is where I bought my Ody.
Take Care,
Tony
Is 32k OTD a good price for a EX-L with DVD in CA?
Has any one bought it recently?
Thanks
I got an offer on 2005 Odyssey exl+dvd for 19K . There are 22K miles on that car.
Is that a deal? If not, how I can offer? (The KBB retail price shows 20K, private party shows 17.5k)
Thanks,
running boards, cross bars, 3rd row sunshades and cargo tray ($1450 approx price)
i've been getting quotes over $35K for the Touring model alone (does NOT include the accessories), so i'm thinking the deal is pretty good.
suggestions?
I bought a 09 touring w/out pax a month ago and paid 36.9K, plus destination.
Just make sure it's not a bait and switch.
What part of the country are you in?
Best of luck!
I am planning to buy an Odyssey 2007 which has 16K miles. It is a certified pre-owned vihicle. The asking price is 19K. The warrranty, sice it is certified, goes till 48K miles/4years calculated from Jan'07. Is that a good deal?
The dealer is also offering a wrap up warranty from Honda Care that would extend the Warranty till 100K miles/7years calculated from Jan07 to match the power train warranty. The price for the warrany ia 900. Is it woth it?
for the ody EX-L with nav and Rear Ent.. the total was 32,663.00 OTD
34,204.82 (6% sales tax in Michigan)
My other quote for the EXL without nav or rear ent was
28,630.00 OTD 30,565.00 (6% Michigan tax)
What do you think about these prices? How do you negotiate a price?
I did tell the dealer that i though i've seen it for 29,500 OTD but he said he would have to see paper work on that because that is way too low. Is the price he offered good? Please give me advice the salesmen always scare me..
for the ody EX-L with nav and Rear Ent.. the total was 32,663.00 OTD
34,204.82 (6% sales tax in Michigan)
I requested quotes from three area dealers through the dealer websites. The internet quotes were all very competitive and were all below dealer invoice.
Your inputs are really appreciated.
Thanks,
So you can do $1K better at a minimum and possibly $1,800 or so.
As far as dealing with the salesmen, don't be intimidated. When me and my husband went, I did all the negotiating and I just told them that I felt comfortable that I could get it for the price I offered them elsewhere if they didn't want to give it to me. I offered them 29,500, after going back and forth a couple of times. I didn't want to give them more than 29k, but my husband wanted to given in a little and told them we would do 500 more. I don't think we got a steal by any stretch, but I think 29,500 was very fair. Let me know if this helps...
Price out a used one right now.
Oh yeah, you could print some of these prices listed here, but I'm sure he knows what these vans are going for...I'd also recomend www.odyclub.com.
Best of luck to you.
29,200 + Tax + Title + Regn
I've received first offer e-mail quotes that seem good. Here's an example:
2009 Odyssey EX is $23,800.00 plus destination charge $670, processing fee $89, tax, and tags.
What I don't understand is that's less than invoice of $26,601 less $2,250 rebate (which would be $24,351). So what's up? Are there more rebates that I'm missing? Are we now into holdback territory? If I understand it right, Honda has a 3% holdback on MSRP ($29,335) which is $880. So dealer net cost on an EX should be $23,471. I can't believe that I'm really getting offers that are within $400 of net dealer cost, so I'm wondering what's missing from my math.
Any thoughts would be greatly appreciated.
<a href="http://www.hondapartsnow.com/discount/honda~headphone~unit~39580-S0X-A01.html
what do you guys think of the price?
location: San Jose, CA
hope you're enjoying your Touring model! thanks again.
They must be trying to move inventory. When I asked dealers what colors they had in stock 2 of the 3 dealers had every color and the third had every color but white.
As the other poster indicated, dealer can make money on many different ways, even in some that we will never know. Do you know AHFC gives dealer $500 for each buy-out of lease?
It sounds like my best strategy is to say that anything below invoice minus rebate is good and just see how low they will go.
Can get a Sienna XLE for $30,000 OTD but that has a dvd, compass, driver info center, 17in alloy wheels, fog lights. Ody comes with xm radio for a year and the backup camera on the mirror. Everything else is pretty equal. Can't believe the Ody stickering for close to $35K does not have driver info, compass, and foglights.
No they do not.
They post things like that and people beleive it!