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Thanks for pointing me to the ad, though....certainly made me think twice.
I won't be able to purchase one until at least the end of this month, and I'm wondering with the 2005 models out already, how quickly the '04s are going? I saw the '05s and don't like the new tail lights. We were quoted a price of $19,795 + tax, license and doc fees through the "Costco Auto Program."
Is that a good deal? Anybody used the Costco Auto Program before to purchase a new vehicle?
Anyways, just wondering how quickly I should move on the purchase of the '04....and if buying it through Costco is a good deal/idea.
Thanks for your help!
Looking at some of the recent prices posted here, I get the feeling that some people might be trying so hard to get a deal on a remaining '04 Accord that prices aren't dropping enough to justify buying a car that's one model year old the minute you drive it from the dealer's showroom.
Color and model choices will be better on a growing inventory of '05s and much of the difference in price between an '04 and an '05 will be returned when the car is sold or traded.....Richard
Just checked the Grand Honda ad - the $22695 deal is limited to grandparents!!
___No, it is not just for grandparents no matter what the ad said ;-) I just called them and sure enough, they have brand new 04 Accord Sedan EX-L V6’s w/ Auto for $22,695 which includes destination and can be purchased for this price by anyone! It does not include TTL as one would expect.
___Good Luck
___Wayne R. Gerdes
Perhaps as important, at the very end of the model year there's a feeding frenzy for the leftover cars that increases demand and raises their prices.
Smart buyers should wait and buy the '05 now. It'll be a somewhat better car in a few respects and won't cost that much more. That was what I found when I bought my '04 in late August, '03....Richard
Just wanted to let you know the I just leased an '04 Accord EX (the brushed metal color) outside Philadelphia for $200/mth with 3500 down. There's a lease program going on, which might be over by now, for $199/mth and 1900 down. But in addition to the down payment (the part they don't tell you) is first months payment, tax, and tags.
My down payment was so high because I bought down the monthly payment so it equals $200/mth all inclusive (taxes, etc.) By the way, that worked out to around $18,000.
Also, if that is a 4-cylinder EX, $15K is a little steep.. Very low miles for an '01, but I think you should be closer to $13K, than $15K on price.
If you really put 150K on the car in five years, buying used will really save you, but I think that '01 is overpriced.
regards,
kyfdx
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Sales are hurting!!!
Most sales people were just sitting around, as I was the only one at the dealership.
Things must be tough!!!
and when you get into holdback, $600 under isn't unreasonable
Regardless, congrats on the new car.
All of that changed with the 2005 Accords--every one of them from the DX on up has side curtain airbags which recent tests have shown are very protective in side crashes. You can expect to see and hear Honda's "Safety For Everyone" tag line in Accord advertising.
Accord buyers who save just a few bucks by purchasing an end-of-the year '04 without curtain airbags are making a mistake in my not at all humble opinion. Very little is saved on an '04 LX compared with what you now get by buying an '05 which is being discounted from the start.
Also, a growing inventory of 2005s will assure that there will be plenty of color choices and discounts as well.....Richard
1. MSRP's will jump at least $500 for 2005's.
2. There is $1000 dealer cash on all 2004's
3. Any dealer will sell an '04 at invoice and it is still pretty easy to get some (if not all) of holdback. Lets say for arguments sake Holdback averages $700 on Accords. (It is actualy 3% of MSRP)
4. Most dealers won't be discounting '05s as much as 2004's right now.
1000 Dealer Cash
700 Holdback
500 Approx Price Incr
500 Markup from Inv Dealers will Demand on 2005's
------
2700 More for an '04 v.s. an '05
I'd favor kicking in another $800 and stepping right into a 2004 EX-L which had the curtains standard. In the northeast I'm getting quotes of $20,500 + tax, Doc, and Plates for an EX-L Auto.
This represents
Invoice minus
Holdback minus
Dealer Cash
And the EX-L is a lot more car.
Note: if you repeat this process using an EX with side curtains you actually will save money.
As far as it(the 2005) being worth more at resale time, it is a valid point, but one which doesn't affect my situation b/c I run cars into the ground.
Also whats the lowest price anyone has seen on a Honda 7/100 $0 Deductable Warranty for an accord. I remember seeing them for around $1,000 - $1,100.
Did you receive quotes from all the Milwaukee dealers, were they within $200 of each other?
www.curryhondacare.com
Thank you
The Passat does offer stability control, which helps handling in poor weather conditions, but it is not as reliable as an Accord.
Every 2005 Accord has side curtain airbags (the Passat has them as well), but you'll get a very good and very safe car in the Accord for less money.
The 2005 Accord is an ideal car for a growing family--I'd say to go for it! ....Richard
Is 4.19% financing good? Initially, they were giving us 5.95% over 60 months, but we countered that the Acura dealer was giving us low 4% range for a new TSX that we were cross shopping. So they were able to match it.
We also got the roof rack and mud guards thrown in (we are coming from a SUV with ski racks so we didn't want to buy the roof rack separately).
Hope this helps everyone looking to buy a leftover '04. We pretty much got the $1000 incentive, $253 off the dealer holdback, and $298 worth of goodies.
They were also quoting $20,990 for an EX-L 4 cylinder. Also, the Acura dealer was quoting $25,900 for any leftover '04 TSX.
Do these prices sound like a good deal?
$25,400 for an 04
$26,288 for an 05
I would appreciate some input on these deals. I am still shopping around and think I should be able to get them down a little lower with the competition here.
Thanks.
Unless you plan to drive the car until the wheels fall off, it's hard to see the economy in buying a year old car with such a puny discount--and the '05 has lighted steering wheel controls which the '04 doesn't.....Richard
If anyone is interested, I ran a lease deal on an 04 (Silver) and this Graphite 05. Because the Money Factor is less and the Residual is higher the payment is only .93 cents more per month than the 04 despite the 04 being $1200 below invoice and this 05 $200 over invoice and $300 higher MSRP (according to CarsDirect) This is in the LA area. Figured we'd get the color we wanted and the lighted steering wheel controls on the 05. Otherwise, the tail lights are solid red but that's about the only difference.
What's a good discount I should be realistically getting. I'd appreciate your advice. And would prefer the 05. I actually like the wheels and tailights better than on the 04.
Thanks.
I paid about $240 over invoice which was a good deal at that time. Some people on this forum did better and some did worse, but only within a few dollars anyway.
There will be no long lines forming to buy 2005 Accords--they are wonderful cars, but they're now into their 3rd year of a 5 year cycle and discounting from the MSRP will be common right away.
To get a puny discount of only about $900 to $1800 on a year-end 2004 makes no sense to me unless the car will be driven to the point that it is worthless--at that point resale will mean nothing. For most people it's likely that the added dollars paid for an '05 over an '04 will be largely recovered when the car is sold or traded. So the year -end discount isn't as valuable as many people seem to think it is.
You should shop around and see how close to invoice you can buy the car. I don't know what the invoice price is for the 2005 Accords but it might be the same as last year. My deal was $22,700 on a car with an MSRP of $24,910, so I paid 91.1% of the MSRP before tax and license fees.
Note that all dealers charge a "document" fee that is pure profit. It's limited to $45 in California which also has a $5 tire fee--some requirement about paying for the destruction of old tires or something like that.
In any case, dealers in some states add document fees of several hundred dollars and if that's the case in your state, be sure to negotiate those phony fees away in your deal.
If you can buy a 2005 Accord for about 91% of the MSRP--less than $400 over invoice with a $50 doc fee, I think you'll have made a good deal. Maybe it won't be the very best deal, but if it's from a convenient dealer with a good reputation, you will have done very well in my opinion. Good luck....Richard
Number one, saving 1K or 2K on a new car purchase is no small change to me. I can buy a lot of stuff with that money. And, I still have a brand new car, with a brand new warranty, that is virtually identical to the new model.
In five years of average driving, the trade values of these cars will be very close, since the '04 will be low mileage for its model year, while the '05 will be average.
The obvious reason to by an 05 LX or DX over the 04 version is to get the side curtain airbags. If that is important to the shopper (and I agree with you that it is) then the 05 is the wiser purchase.
___Honda has upped there Manufacture to Dealer incentive on the 04 Accord sedans to $1,000 from $500 very recently. $22,400 for an 04 - I4 EX-L w/ Auto and NAVI in the Chicagoland area is almost to good to be true. It already includes side curtains which is a great and much needed addition to the entire 05 lineup. I am still wondering where traction control, stability assist, and brake assist are however? Besides traction control on the V6 anyway. Hopefully the 05’s incentives will start soon enough as I believe total Accord sales actually fell year over year (04 vs. 03 to date).
___Good Luck
___Wayne R. Gerdes
Since best deal now on an 05 seems to be invoice plus $500-$1000 this looks like about $2K difference. Any thoughts? I usually keep cars 3-4 years.
I think if you choose the D2 position in the AT, the car will start off in 2nd gear which controls wheel spinning enough on slippery surfaces.......Richard
___The problem with the safety features available on the Accord (DX all the way to the EX V6) is that you can pick up the lowest trim Toyota Camry LE w/ the 4 and Auto w/ a vehicle stability control package including Vehicle Stability Control (VSC), Traction control (TRAC), and Brake Assist (BA) as well as the side and side curtains. Not that I would be interested in a Camry myself but they can be equipped with some very nice safety features whereas the Accord simply doesn’t offer them or only on their top of the line models (V6’s TRAC for example). The entire lineup of 05 Accord’s side and side curtains coming standard was a nice addition however. Even my parents VW New Beetle comes with a Stability Assist feature and I find the lack of this on any of the Accord’s rather disappointing actually
___Good Luck
___Wayne R. Gerdes
We had looked at a black '04 EX V6. We went to a 2nd dealer and they had just unloaded a graphite '05 EX V6 Navigation. We got the car for the price Edmund's shows as TMV for and '04. The dealer was able to move the unit immediately and I got a steal on an '05.