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If you can, wait to test drive more choices. Even if you are dead set on a Honda, a price drop is virtually guaranteed.
Car Price: $41,087 ($1,150 over invoice)
Selected Adds (these were adds I wanted...not dealer forced): $1,346 (included roof rails / cross bars; splash guards and front-window tint)
Dealer Fees: $133
TTL: $2,860
OTD: $45,426
As noted, supply is still very short on these, but that doesn't mean there isn't dealing to be done. I'm sure I could have done a bit better on the adds had I purchased later, but it just wasn't worth the time to have to come back around to do this...I wanted the car delivered as I wanted configured and was willing to pay just a bit more for that.
Good luck to all!
I realize I have simpler tastes than others but I have to wonder (out loud) why anyone would want to pay a ton of extra money for a Touring Elite?
It just seems (to me) that those (again, to me) silly extras wouldn't be worth the extra expense? I mean, who really NEEDS all of those extras?
Just curious, that's all.
I have benefited a ton from this forum. Purchased the Celestial Blue EXL-RES in AL. I priced the EXL all along, and upgraded to EXL-RES in the last minute before buying. I paid 350 above invoice plus 780 dest plus 499 doc plus Tax plus Tags plus 299 for security package.
South florida dealers showed me the stars. 37.9 out the door was the best offer for EXL. Separate sales guys from 4 dealerships in S.FL(Ed Morse, Braman, DelRay and Stuart Honda) tell me that the sales managers are talking to each other and decided that they would NOT SELL lower than MSRP $, Instead of waiting for them for them to show mercy, I decided to go to New Jersey to buy and drive back.
I found the deal closer home and picked up the vehicle 600 miles away. Fly out sat morning - Dealer rep picks me up around noon and I take delivery in dealership 20 mins after I step in. Drove 600 miles to get back home.
Thanksgiving is 3 weeks away. Please wait for deals if you can wait. Happy shopping.
Guess some people fall in love with cars sitting on their lots, and cry if they are sold.
I also had to pay for dealer installed mud guards and nitrogen. Was planning those anyway although not too happy about they charging 59.99 for nitrogen, the other dealer had the same charge too.
2011 Odyssey Touring - OTD was 40667. Only other extra was $250 doc fees which dealer said was required by Ohio, did not have enough info to fight that..:-) so I let it go.
Was originally looking to get a touring elite, offered the same deal $400 over invoice. The lowest offer I got was $41777 reject that one as the other dealer had given me a $1000 over invoice offer only till end of Oct (That may be a dealer trick). I'm glad that I did not buy Elite, I don't think the extras are worth the extra money.
Any advice is appreciated!
The answer to your question in one word is safety. There is a reason highline vehicles include HID headlights and blindspot warning systems. They are safer, and people want to buy safer cars. They help prevent more avoidable accidents. For anyone who has trouble with seeing while driving at night, the HIDs make a very large difference in nighttime visibility and the blindspot warning system is very helpful, particularly when two cars are trying to merge into the same lane on the highway. Add these to the Ultrawide Rear Entertainment System and 650-Watt AM/FM/CD/Hard Disk Drive (HDD) 15GB Memory Premium Audio System with 12 Speakers including Subwoofer and 5.1 Surround Sound Theater Mode and some people believe it is worth the extra $2,200 invoice to invoice over the touring model. The things I mentioned above do not include the options when you make the jump from EX-L to Touring. Third-row armrest and window shade, 6 speed trans, better fuel economy, acoustic windshield, heated side-mirrors with turn indicator, 18" wheels with better/safer tires, both rear entertainment and Nav, 15gb vs. 2gb hard drive (who doesn't want to put 400 cd's worth of music in their car?) and key specific, 2 position memory seats. This van has never been about "needs." Plus...my wife really likes it. Is there a better reason than that?
by Gary Morrow
Honda Motors (HMC) is getting hit hard this morning after the company lowered ring its global sales target. The automaker reported its third quarter results last Thursday, and despite a profit increase of 37% from last year, the results came in below consensus estimates. The stock was off a bit Friday on light trade and remained very close to its October highs. Today's steep 4% decline is being sparked by the company's expected drop in demand from the key U.S. market. Honda Motor (HMC)
Honda Motor Co., Japan’s second- largest carmaker, fell the most in almost five months in Tokyo trading after the company lowered its second-half earnings outlook.
Honda dropped as much as 4.4 percent, the most since June 7, to 2,807 yen and traded at 2,812 yen as of 10:16 a.m. in Tokyo. It was the second-largest decline among companies in the Nikkei 225 Stock Average, which fell 0.1 percent.
The automaker expects to earn 92 billion yen ($1.1 billion) in net income in the six months ending March 31, compared with an earlier forecast for 105 billion yen in profit, according to a Bloomberg calculation based on the company’s first-half earnings statement on Oct. 29.
Honda revised its outlook as the yen trades near a 15-year high against the dollar, reducing the value of overseas earnings. The Tokyo-based maker of Accord sedans also lowered its full-year global vehicle sales forecast to 3.615 million units from an earlier estimate of 3.64 million, citing weaker demand in North America and Europe.
Sales in North America aren’t recovering as much as Honda earlier expected, Executive Vice President Koichi Kondo said.
Toyota’s share of the U.S. auto market will sink to 15.6 percent from 17.9 percent a year ago, the largest decline among major automakers. Toyota recalled 1.1 million Corolla and Matrix models last week for problems with stalling, which adds to the more than 8 million vehicles it recalled in the last year for defects linked to unintended acceleration.
‘Surprisingly Weak’
Toyota’s “surprisingly weak” sales also could be driven by “sharply increased competition from Honda, which started offering very generous deals to buyers,” Barclays Capital analyst Brian Johnson wrote in a note last week.
Honda boosted discounts by 66 percent from a year earlier while Nissan raised incentives 28 percent, and Toyota lifted them 27 percent.
Tell your new dealer to make the deal based on the condition that you will walk in with the email quote PRINTOUT. This way the dealer you are TRYING to convince will not mess up the deal you have in hand.
Also check out the DOC fees as they vary from 133 to 499. Destination is same anyway, while Tax and Tags vary by your location.
Finally, if they cant give you the vehicle at a ceratin price, they CANNOT, irrespective of what you show them. When you put in the condition like I said, they have to honor the deal(If they sold even one vehicle to a person who was a skilled negotiator). We are essentially using the Quote in hand to make up for lack of skill.
sda33
thanks
Just wanted to know if they had the Touring in stock but came back with the Van :-). I'm sure in the next few months - if not sooner- invoice pricing will be back.
did you see how many Odyssey in CA? :-)
I just traded in my 08 Honda pilot VP for a 10 odyessey with Nav and REs and paid 32900 for the car (Gross Cap Cost 33500)!!! My lease pmts are 412.00 with tax. I am so greatful for this forum and for all the info on Edmunds. It saved me lots of money.
This was an invaluable tool! Thanks to everyone for your help and advice!
Always have the info as to what rates you can get outside that will help you in being prepared to choose between dealer offered and outside.
Good luck!
He no longer matters to me as I have already purchased a 2011 Odysessy at a reasonable price but I would like to prevent anyone from wasting their time by contacting Tameron Honda in Daphne, AL unless you want to pay MSRP. :mad:
GSR
Thanks
GSR
Bernie