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but don't worry we discount. you have to. but do you understand what Honda is trying to do for you.
but I give you one thing I would pay MSRP for a Honda but not any dealer markup. but heck you can get a better deal on a Honda than I can and I work for a dealer. I know a dealer that will triple net a car in the front make NOTHING $0 but if you don't buy all the stuff in the back they will blow you out (tell you the car was wrecked, eng. blew what ever it took to get rid of you. and then I get to try and make them happy. I think I have only sold 1 or 2 cars at MSRP one was a Pilot that we went 1200 miles to go get and trailer back and a 2003 Accord EX-V6 6spd. I guess it really don't matter to much a civic is a Mini deal even if it sells at MSRP after the dealer gets its money.
have fun and stick to your guns and you will get a better deal but it was a deal to begin with
I agree that the ntion of value has to come to play. Yes, Civic Si at MSRP has some value, but not enough to make me buy it, but at or bellow $15,000 is becomes a great value. This is the same reason I would not buy Acura RSX, because it has no value at the price point it is, being a $20,000 Civic. There are other cars at that price point that have greater value. If your dealership does not make the maximum on every Civic, they make up for it in Pilots, CR-Vs Elements and S2000s. I remember when the 2003 Accord came out, no dealership would go bellow MSRP +market adjustment. Look at them now, Accords are going for invoice.
When a dealership is selling mass produced cars at invoice, they are not losing money, Honda is giving them what is called "dealer incentive". Honda is losing that money from their corporate bottom line. And if Honda America operates like Honda Japan, that means that the big cheese on top (CEO, VP, CFO, ect.) don't get their bonuses. One thing Japanese companies in Japan don't do, is to punish its employees for manegment's faults. If a Japanese company not doing well, the only people who suffer are the ones on top. Their salaries are reduced and their bonuses are eliminated, until they make company profitable again. They can not fire people, one thing Japanese corporate cluture does not allow, is job eliminations.
They way I see it, Honda can afford to give the incentives to dealers because they have signed this huge contract with GM to supply V6's for Saturns and re-designed Chevy Malibu's. Honda is primarily an engine company, they just build cars on the side.
Maybe the reason Honda does not sell to rental cars is because it is not capable of producing the amount of vehicles that Enterprize or Avis buys on an annual basis. Saturns are sold to rental car companies, they hold their re-sale much better than other GM or Ford brands. Re-sale vlaues are not directly related to fleet sales, and more related to reliability. Who would want to go out and buy a $10,000 used car to put in another $5000 in repairs. With Honda you have a higher chance of getting a trouble free used vehicle, I should you used to. My Civic Si is no better than VW or Ford in terms of reliability. It is ready to go back for the 6th time. Nothing major to envoke Lemon law, but little things do start to annoy me. How do you think this will affect my re-sale, I am not expecting to get much for it in 2-3 years. Do you think I can take Honda to small claims and have them compensate for lost value due to their in-ability to get Swindon plant up to standards? So, maybe Honda has to do all these incentive programs because they are not as attractive anymore as they used to be. This Si is my last Honda, after a line of 7 Honda's, this is it. People vote with their wallets, as more and more loyal Honda owners turn away from Honda, Honda will have to increase its incentives to attract new buyers.
I think my aunt's 85 Civic had an MSRP of $6000 in 1985. I think she paid $6200 for it, the car lasted 17 years, 250,000 miles. That is why she and countless others paid over MSRP to get Honda. Those days are over. Even Acura, Honda's luxury brand is not free from QC oversights.
We are talking specifically about Prices Paid and the actual purchase experience here.
Thanks.
I checked Edmunds and seems I paid $1000 less than even private sales in my area and this was from a dealer (not Honda). A/C doesn't work -- should I get him to replace it or pay for it with my savings?
Just some friendly advise from a grizzled veteran.
Please respond by October 22 to jfallon@edmunds.com with your daytime contact info.
Thanks!
Jeannine Fallon
PR Director
Edmunds.com
MODERATOR /ADMINISTRATOR
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Share your vehicle reviews
I've been considering the purchase of a used Civic coupe. I like the current body style, and trying to find one at the lowest possible price, I've been looking for 2001 models.
The first thing I did was to find out what they're worth using Edmunds and NADA. I like the way the LX trim level is equipped, so that's what I priced. The value comes out at between $10K-$11K, depending on options mileage, etc.
Then I searched the internet looking at classifieds from both private owners and dealers. I was shocked to find that most have an asking price of $13k-$14K for these cars. The next thing I did was try to figure out if these people were on drugs, or if they're actually getting these kind of prices for these cars. Heck, I was quoted a price of $12.8K for a brand new '03 LX just a couple months ago, and I received several prices in the low 13's. Why would people be asking so much more than they're worth? I know Hondas tend to hold their resale value pretty well, but do they increase in value?
Personally I woudl advice against buying a 2001, it was the first year of the new re-design and had its share of design flaws.
If you are buying from a used car lot, not Honda. point out that you can get a brand new one for a couple of hundred to thousand dollars more. Just make sure you present your points in lowering the price. I am sure if you search Edmunds, you will find a used car buying guide. If you are uncomfortable negotiating, then buy a car, either new or used at www.carsdirect.com
FWIW, I think some people just don't know that significant discounts under sticker can be had on Hondas and some people just figure other people don't know.
Maybe so, but I find Lenny Bruce inspirational if harsh at such times:
"What is, is. What 'oughta be' is a dirty lie."
P.S. Like Dudka, I think buying Hoyonda's used just isn't a good idea; but if you really want one of these used Civics, try leaving your name and number and maybe an offer. You seem like a nice guy, and you could get a call back if the seller can't get his price or if he goes to try to trade the car in.
Here's the lowdown:
paid 15,100 OTD.
14,352 for the car, plus 228 dealer prep charges - ouch! - the rest were Virginia taxes and licensing fees for a grand total of $15,100. The MSRP was 15,850 including delivery. I think i did OK! Oh yes. Brown Honda Charlottesville, Va. sold it. Comments?
1-2 year old Hondas are usually not a good value but I wouldn't say that for older ones. My view is a little skewed though because we either buy them way used or brand new. We have only bought 2 later model Civics (2 2000 Si's in 2002) and got those for bargain basement prices because of our employer.
Is this deal good enough for this civic?
NC
That's all that really matters.
If you ask like you did, someone will always jump in to rain on your parade by telling you you paid too much.
You did fine, enjoy it!
Edmunds says the TMV for a 2004 Honda Civic Coupe EX 5-spd w/side SRS in Magnesium Metallic in zipcode 23220 is $17005. Invoice w/destination is $16,128. I want to shoot for as close to invoice as possible. I am going to get quotes from other dealers as well.
What I want to know is what you guys think a fair price is on this. What would the middle ground be between the Invoice+dest and TMV. I know the dealership has to make money, but I'm also adding 2K worth of accessories (spoiler, nose mask, foglights etc) to it, so shouldn't they lower the price and take the better deal on the accessories? *sigh*
I appreciate any imput!
Oh, and they say 2.9% apr if I finance it. How's that?
Some dealers may still have 2002 Si's in the back of their lots.
black leather heated seats
mud guards
cargo net
TMV (including destination charge) in my area is $17,947. How did I come out on my deal?
Price of car 14862, taxes and fees 1088, Total paid 15950. MSRP 16420.
if you own a civic, you should consider getting it done 'cause it looks awesome! it totally changes the appearance of the vehicle.
Leather requires care, you have to moisturize it on at least by weekly basis or it will crack and break. Leather seats are often slippery because of the moisturizers. But, to each is his/her own.
Why would you need leather in a $15K vehicle is beside me, though. My dealer has one on the lot, it has been there since beginning of last year. People who shop civic usually don't care for perceived luxury such as leather seats. But if you like them, more power to you.
Sister's car: '03 EX coupe Auto - $1 over dealer invoice (I believe it was $16,101 or $16,201). I bought this with her in early March while it's still winter here in the NY/NJ area. It was 20 deg. out and the dealership was dead plus they had about 80-100 Civics in the lot sitting there with frost on them.
My '97 Civic was $300 over dealer invoice. My '99 Integra was $800 under dealer invoice ($1,000 factory-dealer incentive existed which doesn't have to be passed on to the consumer like rebates do).
Best times to buy cars is Jan-Mar. and late Aug. up to the end of September before the new models come out. I prefer Jan-Mar. so you car doesn't get labeled "old" right away when the new year models come out plus it maintains more value if you have to get rid of it in a couple of months.
Both deals were made with 2-3 e-mails. Never even saw the salesmen (or Internet Managers as they 're called now) until the deal was closed and we drove there to pick out a car. EVERY dealership has a web site now and most take offers on line or via e-mail. After they or you agree on the price and have a printout of their e-mail as proof, you then make and appt. and go pick out the car you want. The Civics offered to us both in '01 & '03 were cars with relatively high mileage that had been test driven. I argued that 50mi. (another had 80mi!) is not acceptable and it's not a new car to me. They let me pick a new car from the lot (or reserve lot which they usually keep somewhere close by) both times. Mine and my sister's Civics had 2 mi. on them and had never been test driven. We were in our new cars within 3-4 days from when we sent the first e-mail out.
It was easy for me because I 've been buying new cars since 1990 and buy at an average 2 new cars every 3-4yrs (my wife's too plus I usually have 2 cars because of my long commute and my racing hobby).
The easiest way now is by e-mail, because if you 're not a good negotiator or are not pushy (or arrogant sometimes), you will not get the best deal by walking into a dealership. And who needs all that stress anyway? It 'll be a losing battle for most of you because the salesmen do it for a living. It's their job to get you to pay the highest possible price so don't walk in and confront them unless it's in the middle of a blizzard (I 've done that in February and bought a car. There was only 1 salesman there and no managers!) and late at night. Use the technology to work in your favor. Usually there 's only 1 person in charge of "Internet sales" and he 's usually a manager. He 's more interested in selling volume and justifing his job. He wants to sell more cars over the Internet and will take most offers, IF you assure him that you 're a serious buyer and promise him you 'll pick up the car in the next couple of days or by the coming weekend after he meets your price. If he resists your offer, you should always mention that you know many other people that got the same great price. It doesn't help to reinforce or justify your offer.
Good luck people and don't overpay for your cars! The economy is still slow. Take advantage of it like employers are taking advantage of us due to the unemployment rate.
'06 Civic LX coupe
'11 BMW 335i coupe xDrive
'13 Honda Accord sedan (wife's car)
Really??
Hmmm...let's see now...my 99 V-6 Coupe is four years old...I've applied Lexol...ah...(gulp)one time.
Funny, though, no cracks or breaks.
Am I bad!
Seriously, I think it's time to do it again.
The other question I had was about Carsdirect.com. I just checked their website from a reference here, so I don't know anything about them. And their listed price for the Civic is around 17500, so I was curious how reliable they are?
Use Edmund's TMV for the exact car you are purchasing.
However, it doesn't really matter overall because we got a APR of 9.0 and we got scammed into purchasing a $1500 warranty for Honda Care which was not verbally or visually disclosed to us. But we can always cancel the warranty and get that amount subtracted from the finance amount. Once that happens, I should be pretty satisfied with the amount that we've paid. Just for reference, we paid $7000 down and we have a credit score of 540. I hope our APR wasn't too inflated, if at all.