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By the way, if a dealer comes in over MSRP (they came in at $17100, counter near invoice (I came back at $15700) and tell them to quit playing around. They came down to MSRP, and that's when I told them the other offer I had gotten earlier. Their next number was $16300 vs my $16100, and I figured to have a VIN and an allocated car was worth $100 extra, so I offered with a deposit in hand (Credit Card) and they took the deal.
Honda says they are going to build 300,000 Civics for 06. I've sold Hondas for a number of years now and have never seen anything like this. At this time of the year we should have rows of Civics...I don't think I have a total of 10 on the entire lot. We are actually ordering slower selling colors, like Taffeta White just to have something to test drive for customers.
I can just imagine what the FIT is going to be like.
Out of the five dealers I went to, only ONE had a 5M in any trim level on the ground.
What's "FIT"?
And for good reason!
It was almost impossible to find the color (gray or silver) I wanted for the LX 4DR Auto in the DC/MD/VA area. The few dealers who had the car offered prices way over what I think is fair (5% over the dealer's cost). It wasn't that bad just a week ago. Back then the price quotes were reasonable and they were pretty sure that they could get the car. Now they are saying its impossible to get them. I suspect something happened around last weekend...
Sorry, but you need to consider the massive overhead it takes to run a car business.
No, the FIT isn't replacing the Civic.
I can't imagine any dealer going below invoice, so if he's at $15800, there's only another $300 to work with. As much as I like working with them on numbers, it' snot like the Civic is a distressed product.
Then I told him I knew a Honda dealer in Oklahoma and they probably were selling for less. I should mention that I am from Dallas but am currently going to law school in Oklahoma. The salesman thought I was bluffing and said "Why don't you call them and check?". So I pulled out my cell phone, called Eskridge Honda, spoke to the Internet manager, who told me Eskridge's philosphy was to NEVER sell a car for more than MSRP, despite market demand.
So sitting at Lute Riley Honda, I gave my credit card number to Eskridge Honda and put a deposit down on a 2006 Civic Si. I highly reccomend Eskridge Honda in Oklahoma City and suggest people avoid Lute Riley. One of my friends, who dislikes Lute Riley thought they should change their name to "Loot Riley". I had always defended LR in the past but not any more, not after this incident.
Grazi.
MSRP= $17110
Invoice= $15643.
Edmunds TMV= $17660.These prices are without the destination charge of $550.
I have 1 quote so far: $16593.74 (I believe this is the out the door price).
Should I just be very bold
Never done this before, so would like any help on how to approach things.
Thanks!
(I live in the Syracuse, NY area if that makes any difference).
Add back destination into any price, no one is going to give that to you. So you're looking at MSRP of $17660 and Invoice of $16200ish, if I'm remembering correctly. The best price I've gotten after shopping five dealers was $600 over invoice. If they have the car you want (or you're willing to wait who knows how long), $16600 including destination but NOT including TTL, I'd do it. Sure you can play the 'bump' game for the extra $400, but it's up to the Sales Manager's mood whether or not they'll give up any of the remaining $400.
Check before you sign though, that the dealer isn't adding any unreasonable 'Dealer Prep' or 'Doucmentation' fees that are compleltely separate from what Gov. Pataki and the DMV want from you.
The holdback that I discussed in post #2745 was 3% of MSRP.
When I bought my 1999 Civic Si they were also in short supply and I ended up paying just under MSRP. I had heard back then that the initial 99 Civic Si were selling for $1000 to $1500 over invoice.
At MSRP the 2006 Civic Si is a very good deal. Compare it to the Acura RSX type S and it is a significantly better deal for a lot less.
The Si is in demand and no dealer is moving on price. The best price a dealer will give is MSRP. Eskridge Honda was nice enough to eat the destination charge of $550 so my price is $19,900 + tax and license. Most dealers are charging MSRP and a few unscrupulous ones are charging $2000 to $2500 over MSRP.
As I mentioned, I had bought my 99 Civic Si for just under MSRP, but at $17k it was a great deal. I had been looking at used Preludes with 50k miles for $15k so to pay $2k more and get a new car with the same horsepower was a deal.
Similarly, I had been looking at the Acura RSX type S at around $23k. The Si has a more modern design (drive by wire), limited slip differential, essentially the same engine and horsepower.
My only disappointment is with Honda's 3/36 warranty as oppossed to Acura's 4/50 warranty.
Is the Edmunds' invoice price accurate in most case?
Don't associate American Honda Motor company with the arrogant dealers you're working with. How can you fault American Honda just because they happenned to win some awards for car of the year?
If you don't want to pay the going rate for the new 06 Civic then vote with your pocket book and go buy something else.
But I'm curious, how long is your loan and what's the interest rate?
Just hang on to that car for four or five years... Serial trading for cars with poor resale is what gets most people way "under water".
Congratulations on the new car!
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If your credit is in the low 500's now, you have no idea how bad it's about to become if you go through with this!
Yikes, I didn't catch that one.
Travis77, can you say "How looowww can it gooooo". And legally, they still can come after you for the negative equity. That is assuming you have assets and income they could garnish. No dis-respect intended, but people with a credit score in the low 500's "usually" don't have much.
We are starting to see those 5% margins here on the east coast, but cars are in very tight supply. I got a truck in last night as we were leaving, 5 LX's 3 Nighthawk Black, 2 Alabaster Silver. I came in this afternoon, both Silvers are gone and one Black is working as we speak. Crazy...but a good crazy.
Oh, well...you will recover given enough time.