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Comments
Is this a good deal or how much more can I reduce?
Thanks...
team honda
gwinett place honda
willett honda
Anyone in South Florida have better luck? Are these "offers" reasonable? What should I be aiming for? Or should I just wait until the 2011s come out? Thanks in advance.
I have put on hold getting a new Civic because of the final price.
You have a quote price then when you go to sign your contract they will ad on registration and, the big one, documentation. One dealer just glossed over a amount of $2,000 that would be needed in addition to the $1,600 down payment.
I don't think so.
Use this method. Multiply the monthly payments, on a lease, by 36 ($167x36). Ad on the down payment of around $2000 then ad on the value amount at the end of the lease and you will see you have a very expensive boring car. Try $18012. then ad on any extra mileage at the end of the lease.
Here was my deal strait from my contract before going to pick it up:
15,150 LX Auto Coupe with dest.
55 Doc fee
1,482.49 tax
269.75 lic/reg/tire fee
16,957.24 OTD
It seems the postings where the sales tax or none or low the doc fee is high.
Here in Cali the doc fee is $55.
I told them no extras and if the price was 1 penny different then what they told me I was walking and not coming back. No games, no hidden fees, nothing.
The deal was exactly what I had in writing through email.
I thought I was getting a great deal but now I see postings of LX prices under 15K.
Bottom line I got the price and color I wanted for what I was quoted.
Is there anyone out there that has a better way of getting competitive quotes without emailing dealerships?
Thanks!
Thanks!
May I know which dealer quoted $16,800 for Civic EX
Of course, there was a $1k dealer incentive on Civics so giving you a price of $1k under invoice is for sure possible. Actually, the $1k is going on through July 7 so it is still possible through the 7th.
YESTERDAY was the last day of the month and Honda dealers had a stepped incentive on top of the $1k. This could be $300 or more per car, so really cheap deals were possible. Today the stepped incentive is gone, or reset to start over again, so prices today are not going to be as good as yesterday. If your quotes are for a prior day, you need fresh quotes.
MSRP: $19,155
Invoice: $17,706
Sell price: $15,999
Doc fee: $398
Plus tax + tags + title
I did the lease deal, so we paid $183.85 plus tax + tags + title last night and the payment will be $183.85 + tax.
I e-mailed the sales manager of a local dealership and asked for a price. I mentioned the $1k incentive and the stepped dealer money that ended at the end of month (yesterday) and asked if he wanted or needed to sell one more. I guess he did, based the price I got. Counting the doc fee as part of the price (I always do) put it at about $1,300 under invoice net, I think the step was at least $300 and may have been $600 or more. So a break even or make money deal even at that price, and 100% of holdback as well.
My son is very happy as am I
So $19,155 - $ 15,969 (these numbers are w/dest, but w/o tax, tags, notary and all the other misc) = $3186 under MSRP, $17,716 - $15,969 = $1747 BELOW INVOICE.
With the extras on the EX, and the fact I think they would have taken $500 less, I should think its possible to also be at least $1800 below INVOICE.
It seemed to be important, but perhaps part of the game, that I had an email from a local competitor addressed to me with a price; they do say they'll beat all legit local competitors prices.
Good Luck! And thanks to all of you, even though perhaps I could have gotten another $500, I walked in with such confidence that I should be below $16,000 that I'm sure it saved me $500 to $1000 than without the info.
MSRP: 19,115 (plus almost 1,700 in add-ons)
My Offer: 15,500 including dest.
TT&L, Fees: 1,300
I wasn't aware of the specific dealer incentives, but thanks to this forum, I figured my offer was doable.
There is (was) a known $1,000 dealer incentive on Civics, so figure invoice less the $1k would be a nice price and a little over that for the car, destination, and dealer fee would be a decent price. There was also an additional stepped incentive last month (not shown on edmunds) which could make for several hundred more in savings. So buying at the end of June when the dealer might need just one more sale to make their quota and had the $1k incentive might net a better price than trying to buy on July 1 or today. Most of my local dealers will not deal low no matter when you approach them and I usually have to go way out of town / state to get the best deals. Your price might be a good one for you where you live and when you purchased, but might not be a great price compared to what others could do for the same car where they live or are willing to go to get the car - and when they are buying.
They said I can't combine 1k incentive and special financing 0.9APR
Do you think its a good deal?
After seeing your message..I was really surprised :-( Did they sell you new civicLX for $15600 ????
Too many people bargain hard on the price, then throw all that money away in the finance office by signing at whatever rate the dealer offers and signing up for double price extended warranties and mop and glow type add ons.
Edmunds has a money VS rate calculator here at this link to help show what you would save. Most of the time taking the money is either about a wash or the best answer, in this case the 0.9% financing seems to be the slightly better option. You have to also factor in tax (or not). In my state, customer cash or full price is taxed the same - dealer cash resulting in a discounted car is not. Here in 7% tax land, $1k in dealer cash would save $70 in tax compared to buying at full price. That may be enough to make the payments about the same either way...
Sale Price: $16,670.00
Documentary Fee: $75.00
State & Local Taxes: $1,000.20
Total License and Fees: $22.50
Total Cash Price: $17,767.70
I still have three weeksso I can still play with dealer. I'm planning to buy at the end of July and since it'll be at the end of the month coupled with the 2011 model looming over their shoulders, you think I can drive down the price to $17-17100?
Just make sure what your price includes and on your choice of colors. Lots of dealers like to give out low ball prices that leave out the $750 destination charge and /or high dealer fees and even add-on dealer junk. Or they may quote a manual transmission car when you want an auto - hey, "honest mistake" but it will get you on the lot... You show up at the dealership ready for your deal car and find a lot more money is required to actually buy it. If she is financing, then ask if the price is good combined with the 0.9% promo rate and if not, what would the price be when using the 0.9% rate. Get her rate from her bank, CU, or online and compare the results.
Invoice is $17,706 so you are $1,036 under that plus modest $75 doc fee and your taxes and stuff. Including the doc fee you are still right at $1k under invoice - which is not a bad price for any new Honda
I paid $15,999 + $398 doc fee = $16,397 on the 30th of last month. Your price is $16,745 - so just $348 more. To avoid the hassles of buying at the end of the month and (maybe) having limited color choices you might think about going ahead and doing the deal now. In theory you could do better, but maybe not THAT much better. No one knows for sure, if you wait and have to take a color you don't want you will not think the savings worth it.
We probably do have 2-3 more months of selling '10 Civics so prices will probably get even better. Once the new and probably better and improved '11 is revealed sales will slow on the '10s and deals will get even better "in theory" - or you could decide to just wait for a deal on the 11 model. Heck, if gas prices jump up another $0.50 or $1.00 Civics will start flying off the lots and deals will go the way of the Hummer brand.
On a related matter, it appears the 1000 marketing incentive is back.