I don't know what they have in the DC area. In San Francisco Bay area, there are lots of silver LX. Dealers are more willing to lower the price for silver. So is blue. Next is white. Graphite is the hardest to find for any trim. Dealers will ask more for that.
I signed an intent to buy for a 2003 Accord EX-V6 today for $23,300 (destination and handling included)in the Boston area, but am a little uncomfortable with the odometer reading (160 miles) on the car. The dealership assurred me there is no problem. Is it normal to have that many miles on a new car?
The Accord I test drove had about 160 miles. Since the salesman knew I wasn't buying it (was looking at a CRV at the time), he admitted this was the Accord that they took for test drives. Unless someone wanted to test drive a particular car (before buying, etc), they always offered this one.
They've probably had that one for a couple months and want to rotate it out before it has too many miles. Use your own judgement... do you think they let people flog the car on a test drive? Do you normally break a new car in or do you just start driving it like normal?
Did you ask the dealer? If someone took it home and couldn't afford it, then I don't believe they can legally sell it new. They could be using it for test drives, or they could have let someone have it overnight for an extended test drive.
Thanks for sharing your experience, Spleck. The sales person told me it was a "dealer swap" car and was driven from the other dealership (60 miles). I was still not comfortable and requested another car. After some discussions, the dealership agreed to a replacement and I agreed to pay them $100 dollars more, which put the total purchase price at $23,400 (Invoice for a 2003 Accord EX V6 is $23,675). I thought this was still a reasonable price based on information I have for the Boston area.
I just stopped by the shockley honda in frederick, MD last night to take a closer look at the 03 ex-v6 sedan.
The salesmen there was horrible. I emailed him a question a week earlier. So when i told him my name the first thing he does is through a mock punch at me implying that i'm some sort of idiot. All throughout our conversation he kept beliddling everything i said. he basically treated my like a was a moron and was overall the worst salesmen i have ever met.
Don't ever go there. Honda is getting an email about how bad the service was there for sure.
Edmumds TMV for '03 Accord EX AT is ~$22,100. Virtually all 7+ dealers I spoke to were offering it around ~$20,100 (almost 2k lower than TMV) and I got it even lower than that (19,400).
Does TMV include sales tax? If it does not, than I do NOT believe one should use that as a reference to negotiate a deal. You would end up overpaying.
The invoice on the '03 Accord EX auto is $20,619 and you only paid 19,400? Did that 19,400 include the 460 for delivery? If you only paid 19,400 you got an incredible deal. I do not know how the dealer could sell it for $1200 under invoice. What part of the country are you located in?
Hey all. I have been reading this board for about 3 months now and it has been real helpful in my car buying decision. Thank you to all that have posted. Anyway, just ordered my Accord EXL 4 cyl today. Price was $21,773 + Tax and reg. Think I got a good deal. I feel they should make a couple of bucks on the deal so I am happy. Car is Graphite pearl with Gray leather and got wind deflector and all season mats. Anyway you have all been real helpful. Thanks again
Why did you agree to pay another $100 for another car?? You already agreed at 23300! That quote is for any Accord with the same features on their lot regardless of miles!
They are playing a ticky tack game with you! Refuse to pay $100!!!!!!
Like Sawybuyer, I am not sure about how to use the TMV as a price guide either. The TMV for a 2003 Accord EX V6 Sedan is $25,193.00, I signed a purchase agreement yesterday for this car at $23,400 (destination and handling included). This seemed a price a number of Honda dealerships would be willing to accept in the Boston area.
You are absolutely right, I shouldn't have agreed to give them another $100! They actually asked for $375 to switch to another car and I brought it down to $100. I was very close to calling off the deal, but eventually agreed to the additional 100 bucks to spare myself some hassle going through another round of dealing with the dealers!
bribaby: Sorry for the late post. When you viewed the oncoming cars, was it totally dark? Or was there some light (daylight) still left? It was a regular night, about 11:00pm, when my experience with the new accord happened (couldn't see it's turning signal due to the lights being too bright)....
thanks for the Post lsun14, it's exciting to hear you got such a great deal (below invoice!). Was it Clair Honda, Herb Chambers, Honda Village, Boch...? Did you have to go to the 'internet salesperson' or just any sales rep in the dealership?
I tried to post this earlier, but it didn't go through for some reason. Here is my story again. I went to Bernardi Honda in Natick. I called the internet sales person (Bob McNeaney) first and we agreed on the price ($23,300, destination included). I went in the same day and finalized the deal from a sales person (Chris Schmidt). The transaction has been overall smooth except the "160 miles" thing I talked about earlier.
I just received an internet quote for $17999.00 This price includes the destination fee, but of course not taxes and title etc. They do not charge any other service fees.
I got it at Brewster Honda in NY Salesman was Lee. Real good guy. They treat you really well and I would recomend them to anyone. Its actually a pleasure to deal with them. Hope it helps
Did anyone purchase an Accord from Route 23 Honda in NJ ??? If so what was the deal??? I am currently being quoted below invoice....over the phone... Wanted to know if there's a catch, when u go to the dealer's shop.
Also of someone refers, he/she gets I think $50 from the dealer..thats an easy 50 bucks for replying...
Hey guys, Im on the market for the car in the title. Graphite Pearl ext.
My target price is $21,000. Is this unreasonable? I see EX-Ls going cheaper here on the forum, but I assume they are sedans?
Also, Im doing a lease. I need it written for 20k a year, vs. the typical 15k. I had a rough estimate written, at MSRP of 23,855 and this is what I got:
$995 down $455 36mo $392 48mo
What do you guys think of these prices? I really do not know lease terms well...so I need to learn more before I play hardball with the sales guy.
Buy the car with your $1,000 down, therefore financing $20,000 (assuming you can buy it for 21k). With a 5 year loan, at 4.9% interest, your payments will be $376 per month. At the end of 3 years, the balance on the loan will be $8,590, or $4,400 at the end of 4 years.
At either of those points, the trade in value will surely be higher than what you owe on the car. Plus, if you really like the car, you're not forced into another vehicle at the end of the lease. Likewise, if you're not happy with it, you can get rid of it without having to pay any early lease termination fees.
If you look at trade in values right now, for a 2000 Accord EX coupe with leather and 60k miles, it's $10,357. This is likely what your '03 Accord would be worth in three years. Subtract the $8,590 balance on your loan, and you have spent a total of $12,769 for your car over 3 years. Compare that to $17,380 for the lease payments and down payment over three years. This means it's $4,611 cheaper to buy, than lease.
In addition, with a lease, your up front costs are high. You have to come up with 1) Down payment, 2) First months payment, 3) Security deposit and 4) Acquisition fee. The last 3 items are not required for a loan.
$21,000 is not unreasonable if you don't expect any accessories. The availability of the car might play a factor depending on what area you are in though. When we bought our EX-L 5-spped coupe in late December they were few and far between.
We were going to lease at first because the Honda lease deals were better than their financing rates but once they came out with 3.49% there was no reason to lease the car. Especially since we tend to take alot of road trips. This way we can put as many miles as we want on it and even add pink stripes if we choose. It's also alot harder to get out of a car you are leasing if your circumstances were to change and you need a different vehicle.
I just leased a 2003 Accord EX-L folded the tax's in 48 months 299.00 a month. Total out of pocket cost 299.00 and 60 bucks for new plates 30 if I transferred my old ones. Your telling him to buy it for 21k finance 20k whose gonna pay the sales tax? thats and additional 1700 in NY not much less elsewhere. Your logic's right about selling it down the road if you purchased it, but it is not more expensive to lease up front. Unless your dumb enough to give them money up front, and why do that on something you have no ownership in. Leasing has its place among them allowing people to drive more expensive cars then they could afford to purchase and the cleanness tax wise of writing off your lease payments for business purposes.
It is a true lease calculator. Get the best price they will sell you the car for, then the residual and the interest rate and plug them in. You can leave any field blank and it will calculate it.
Most leases are funny money all double talk but doing the math doesn't lie. You can also get a good indication of the price you can get by using carsdirect.com and configuring your model its a good place to start.
If you are going to do a true sign and drive remember to roll the tax back into the car price.
I figured out there was probably another 12.00 in my lease price but I went with a dealer with the better service reputation.
I just purchased an Accord EX with Leather last night after 2 hours of negotiating the price. What a nightmare! I ended up paying $21,800 for the car plus tax. I feel like I could have done better, but was tired of the battle so I gave in. Did I do okay on the price?
You did good on your price Cappoaaz. I got the Desert Mist EXL for 22,800 plus tax with mug and visor. Did a ton on research, but finally gave in. LOVE THE CAR
capozza1 - $21.8 + tax is ok price and you could do it better. Most of us here can get below invoice at this time.
mike2741 - $22.8 + tax is too high to me. I got EXL-V6 for $23.55 (invoice $23.675) + tax about 3 weeks ago. I guess you bought your car last year and they don't have many in stock.
If you can get invoice, that's ok but it's better if below invoice.
After much research and reading over the many message board postings here, I just purchased a new Accord EX 5 speed sedan with Leather interior for $20,500 & T+L. It works out to be just under $600 below invoice!
I am looking for an 03 accord EX-L manual trans sedan 4 cyl. Current price quote in Boston Area is 21,500 plus T& L. Is that good. Do you think I could do better?
That's $300 over invoice. Not bad. You might be able to do a little better but it might take alot of work. If you are happy with that price, then buy it and don't look back. Easier said than done though...
THE PRICE OF 20,500 WAS FOR THE SF.BAY AREA WE GOT THIS QUOTE FROM MORE THAN 1 DEALER OVER THE INTERNET WITH VERY LITTLE HAGGLING. BTINC2, YOUR QUOTE OF 21,500 IS TO HIGH KEEP SHOPPING, ITS A BUYER'S MARKET.
What kind of deals are on offer in Canada? What have people been paying? The dealers I've been to wouldn't move very far from MSRP on a 03 EX-V6, what do you guys think?
I see alot of discussions regarding price below invoice EX-V6. Does anyone know if Chicago area dealers are so generous?
After originally considering a $35K ES300, for which a good deal is considered to be half-way between invoice and sticker, getting a car below invoice seems too good to be true.
I am looking for EX V6 with Navi. and called couple of dealers. Both of them are asking me MSRP (around $28,000). What do you guys think? Is this a fair price?
I'm going to buy a Taffeta White EX-L sedan with 4-cylinder engine. The list and invoice prices are $24,310 and $21,922 including transportation but not T&L. I've just started shopping but the lowest price so far is $22,160. Has anyone gotten a significantly better deal than this and if so what dealer/salesman did you do business with.
As an aside, I often see people refer to "EX-AT." What does AT stand for?
See if you can make time to read this revealing Edmunds article on selling cars. A new Edmunds hiree got employed as a car salesperson to provide credible, real-world inputs for Edmunds' car-buying tips.
Particularly interesting is the "4-box" negotiation tool of dealers showing no-fail Dollar numbers that maximize their profit. If you remember how your previous car negotiations went, you'll realize why car dealers seem to be in full control regardless.
Canadian dealers seem to be a lot tougher on giving discounts off MSRP. Walk away if you don't get at least $500. I think $1000 off is achievable & fair. Some guys have gotten $1200 to $1300 off MSRP.
There is about $2000 margin over dealer cost in MSRP on the Accords.
I had one salesguy give me some BS that EX-V6 Accords are going for $US35,000 because they are in such high demand in the USA. A load of bull if you read you believe that many posters here are getting that car for $US24,000+change.
Got my Desert Mist 03 Accord EX-L Manual with mud guards, moonroof vent cover, etc. for $20600 plus tax. Got it at Milton Martin Honda in Gainesville GA (near Atlanta). Dealt with them purely on the internet, email, and phone to set everything up; then just went to the dealer to pickup the car. Great experience.
Comments
i am planning to purchase 2003 EX V6 Coupe with Navigation on Monday.
they are quoting 27,446....TMV is 27,120
is florida that much more expensive?
They've probably had that one for a couple months and want to rotate it out before it has too many miles. Use your own judgement... do you think they let people flog the car on a test drive? Do you normally break a new car in or do you just start driving it like normal?
Did you ask the dealer? If someone took it home and couldn't afford it, then I don't believe they can legally sell it new. They could be using it for test drives, or they could have let someone have it overnight for an extended test drive.
The salesmen there was horrible. I emailed him a question a week earlier. So when i told him my name the first thing he does is through a mock punch at me implying that i'm some sort of idiot. All throughout our conversation he kept beliddling everything i said. he basically treated my like a was a moron and was overall the worst salesmen i have ever met.
Don't ever go there. Honda is getting an email about how bad the service was there for sure.
Edmumds TMV for '03 Accord EX AT is ~$22,100. Virtually all 7+ dealers I spoke to were offering it around ~$20,100 (almost 2k lower than TMV) and I got it even lower than that (19,400).
Does TMV include sales tax? If it does not, than I do NOT believe one should use that as a reference to negotiate a deal. You would end up overpaying.
Thoughts?
They are playing a ticky tack game with you! Refuse to pay $100!!!!!!
Please see post # 1571 & 1576 from me for more details.
Where did you get the car at? Salesman name?
Thanks
This price includes the destination fee, but of course not taxes and title etc. They do not charge any other service fees.
I am currently being quoted below invoice....over the phone...
Wanted to know if there's a catch, when u go to the dealer's shop.
Also of someone refers, he/she gets I think $50 from the dealer..thats an easy 50 bucks for replying...
My target price is $21,000. Is this unreasonable? I see EX-Ls going cheaper here on the forum, but I assume they are sedans?
Also, Im doing a lease. I need it written for 20k a year, vs. the typical 15k. I had a rough estimate written, at MSRP of 23,855 and this is what I got:
$995 down
$455 36mo
$392 48mo
What do you guys think of these prices? I really do not know lease terms well...so I need to learn more before I play hardball with the sales guy.
Thanks in advance!
Buy the car with your $1,000 down, therefore financing $20,000 (assuming you can buy it for 21k). With a 5 year loan, at 4.9% interest, your payments will be $376 per month. At the end of 3 years, the balance on the loan will be $8,590, or $4,400 at the end of 4 years.
At either of those points, the trade in value will surely be higher than what you owe on the car. Plus, if you really like the car, you're not forced into another vehicle at the end of the lease. Likewise, if you're not happy with it, you can get rid of it without having to pay any early lease termination fees.
If you look at trade in values right now, for a 2000 Accord EX coupe with leather and 60k miles, it's $10,357. This is likely what your '03 Accord would be worth in three years. Subtract the $8,590 balance on your loan, and you have spent a total of $12,769 for your car over 3 years. Compare that to $17,380 for the lease payments and down payment over three years. This means it's $4,611 cheaper to buy, than lease.
In addition, with a lease, your up front costs are high. You have to come up with 1) Down payment, 2) First months payment, 3) Security deposit and 4) Acquisition fee. The last 3 items are not required for a loan.
They are offering 17,488 for LX AT and 19,388 for EX AT. Pricing available on limited models/colors obviously.
All I can suggest is to get any offer in writing along with VIN numbers b4 going down to dealership.
We were going to lease at first because the Honda lease deals were better than their financing rates but once they came out with 3.49% there was no reason to lease the car. Especially since we tend to take alot of road trips. This way we can put as many miles as we want on it and even add pink stripes if we choose. It's also alot harder to get out of a car you are leasing if your circumstances were to change and you need a different vehicle.
http://www.tcalc.com/tvwww.dll?CalcLease?Cstm=customcalculator&am- p;am- p;am- p;IsAdv=0&AdvPmnt=1
It is a true lease calculator. Get the best price they will sell you the car for, then the residual and the interest rate and plug them in. You can leave any field blank and it will calculate it.
Most leases are funny money all double talk but doing the math doesn't lie. You can also get a good indication of the price you can get by using carsdirect.com and configuring your model its a good place to start.
If you are going to do a true sign and drive remember to roll the tax back into the car price.
I figured out there was probably another 12.00 in my lease price but I went with a dealer with the better service reputation.
Good luck
LOVE THE CAR
mike2741 - $22.8 + tax is too high to me. I got EXL-V6 for $23.55 (invoice $23.675) + tax about 3 weeks ago. I guess you bought your car last year and they don't have many in stock.
If you can get invoice, that's ok but it's better if below invoice.
Current price quote in Boston Area is 21,500 plus T& L. Is that good. Do you think I could do better?
WE GOT THIS QUOTE FROM MORE THAN 1 DEALER OVER THE INTERNET WITH VERY LITTLE HAGGLING. BTINC2, YOUR QUOTE OF 21,500 IS TO HIGH KEEP SHOPPING, ITS A BUYER'S MARKET.
After originally considering a $35K ES300, for which a good deal is considered to be half-way between invoice and sticker, getting a car below invoice seems too good to be true.
I'm going to buy a Taffeta White EX-L sedan with 4-cylinder engine. The list and invoice prices are $24,310 and $21,922 including transportation but not T&L. I've just started shopping but the lowest price so far is $22,160. Has anyone gotten a significantly better deal than this and if so what dealer/salesman did you do business with.
As an aside, I often see people refer to "EX-AT." What does AT stand for?
Thanks for the help.
Bob
Particularly interesting is the "4-box" negotiation tool of dealers showing no-fail Dollar numbers that maximize their profit. If you remember how your previous car negotiations went, you'll realize why car dealers seem to be in full control regardless.
Here's the link:
http://www.edmunds.com/advice/buying/articles/42962/article.html?- tid=edmunds.a.landing.buying..4.*
Walk away if you don't get at least $500.
I think $1000 off is achievable & fair.
Some guys have gotten $1200 to $1300 off MSRP.
There is about $2000 margin over dealer cost in MSRP on the Accords.
I had one salesguy give me some BS that EX-V6 Accords are going for $US35,000 because they are in such high demand in the USA. A load of bull if you read you believe that many posters here are getting that car for $US24,000+change.