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As inventories deplete on 2007's, people become more frantic when they try to find a certain model, color etc. They will call all over looking for the car they want. If a dealer just happens to have that car, they are well aware of the inventory situation and will hold out for more money.
The shopper realizes that if they really want that certain car that their options are limited and they will pay more before the final cars disappear. You're right, it's just supply and demand just like any other commodity item.
Another thing, any time a new model is introduced, there are always a few people who, after seeing it, realize they don't like the changes. These people will go nuts, seeking a 2007 instead.
" Why did Honda mess up a good thing?"
I hear that every time no matter how much better the replacement models are. Always a very small percentage, but ther are always some. The new CRV is a great example of that.
" Oh, it's so nice the spare isn't on the back door anymore"
" Oh, why did honda make it look like a car?"
" I LOVE the new CRV"!
" Oh, man, WHY did Honda ruin the looks of it?"
That's why.
Right now, a lot of 2007 Accord models are gone and are unavailable.
1). Quotes do not include destination fee. (so, a 14.9K quote is actually a 15.5K).
2). Every low price quoted car comes with useless package. So a 14.9K quote is actually 16.1 K after a $600 protection package (mud guard and cargo mat?!!)
3. They did not have the car but gave you an incredible low quote so you can come in.
4. They agreed the prices on the phone/e-mail. But as soon as you asked for a confirmation fax, they stopped communicating. Later, they send you an e-mail and simply stated there was no deal.
Anyway, be wary of these out-of-town dealers.
If anyone interested in a Honda in twin cities, I can highly recommend a dealer to you. The person was honest and straighforward.
People get so caught up in thier zeal to pay the lowest possible dollar that other stores play these games.
Trouble is, these tactics can actually work. The shopper, exhausted after weeks of pitting dealer against dealer, makes a 200 mile drive only to realize they were lied to.
Instead of leaving, they cave in and go ahead and buy the car for a higher price then they were quoted.
Find an honest local dealer through a referral and stick with them. It is doubtful that you will pay more.
gofish you are the one who waisted several dealers time by getting "quotes" with no intention to purchase. This is one of the reasons why dealers are reluctant to give quotes.
I suspect there are very few dealers who would want to sell to you.
Now, as to what is bothering you. You have a problem with a potential buyer seeking quotes? Every dealership and manufacturer web site has a "no obligation quick quote" form. The response is basically a canned HTML email with perhaps one or two personally typed sentences. The ones that didn't quote me said they were out of stock. What is an advertisemnt in the newspaper but a quote to the public, right? Perhaps you ought to do away with those too. Just a waste of your time and dollar. I'll tell you why, it's called "selling" and it's something you should be proud of if you do it well; not bitter that you have well informed consumers.
I've been in sales for twenty years albeit never with automobiles and the profession has done me extremely well. I'm gathering you are young and very new at this. You will not get far if you are so easily offended and project such an angry attitude to potential buyers. They will see it in you and seek another salesman who make a better presentation. I bet your employer doesn't see things your way.
By the way isellhondas made a very good point about end of model years and style years in particular. There definitely is a sweet spot for the buyer and it is clearly when the pressure is on the seller. Now that stock is very thin on 07's he is 100% correct that we are past that point, into September and what is left will essentially sell itself.
The 07 Accords are certainly flying off the lot - my salesperson alone delivered 4 on the day we picked our EX up last week and has 6 people picking them up tomorrow, including my sister's SE 4cyl manual. We got the only manual car they had and it just happened to be in her favorite color (Graphite.) We could not locate a manual in this color at any other dealer within ~60 miles.
Bottom line: $16771 + $1006.26 (PA 6% tax) + $151 (doc, licensing, and new plate) = $17928.26. Fantastic deal on a fantastic car.
When shopping around for my car over the internet I wanted an itemized list of options and all fees emailed to me. Some refused to send it and other said they COULDN'T and some said I might show it to other dealers (ha ha ha). I wanted to see an itemized list and make sure we both talking about the same thing. One jerk salesman keep quoting me a great price for a car that didn't have half of the options I told him I wanted. Of course I didn't realize that until I had dealt with him for days. I insisted he send me an itemized list with all the features and options, plus all fees that would be included. SURPRISE!!!! No navigation, no bluetooth etc...
But to be fair I found a salesman (through the Lexus form on this websight) that was no nonsense, very personable, returned my emails and phone calls, and gave me a good deal. I also felt he was trustworthy. Sometimes it is the attitude of the salesman that turns the deal.
Sorry for such a long post. Thanks
One nice thing about Honda is that unlike Lexus perhaps, the "options" are built into Honda's trim levels. So a dealer can't hide lack of options. An EX-L V6 without navigation is the same everywhere for example.
1) Yes, some of the dealers here are tied into a similar credit union network. If you're a member of that CU, then you can apply directly through the dealer. But, she was not a member of that particular CU and the rate was no better than our CU (6.09% for 60 months.) Your rate of 4.99% for up to 60 months is fantastic - haven't seen anything like that (even with 20% down) and I shopped around considerably before making my purchase last week.
2) Keenan Honda in Doylestown. Just call and ask for internet sales. Looking at their website today, their Accord inventory is getting pretty low, though. Scott Honda in West Chester would have done $2700 under invoice on our car, but I had already done the deal and Keenan was closer. They still have over 100 cars showing on their website (but these inventory snapshots are usually not completely up to date.) Conicelli Honda in Conshohocken also would have matched the best quote and they also appear to have about 100 cars with a good selection of colors left.
Thanks,
George
It's hard to say before they arrive (which will be Sept 12) Since the MSRP, residual, and money factor all are unknown at this time (the 3 variables needed to calculate a lease).
If i read your post right do you want to pay a lease up front in one lump sum? If so you are throwing money away. Since the interest and sales tax for a lease is calculated into the payment, you paying it in full at delivery won't be saving you any money, it'll actually cost you if you figure the time value of that money.
If you have the money laying around you are much better off putting you money in an ING Direct or other high yield savings account making 5% or more now and taking the payment out each month.
Either way i'm in the same boat as you are, i'm waiting to get an 08 as well, but i won't do it until until the first week of Nov, as the Sept and Oct Money Factors are sure to be high so Honda can help sell the remaining 07s.
The 2008 prices aren't out yet. And to get a lease rate, you'll have to contact a dealer and they'll have to run your credit to see what your payment would be.
I can say that generally, that when you lease a car, that you pay sales tax only on your lease payment. In your case, you would pay sales tax on your single payment which is obviously less than paying it on the total value of the car as you would if you were to buy it.
Out the door with tax, title, license, and fees was something like $19,280
The $17,593 is about $4,700 below sticker price on the car.
I believe last day of the month right before the new model year launch is the best time to buy a car. They want to hit sales goals for bonuses, hit sales goals for extra factory back end rebates/holdback, get more cash flow and clear the lot for the new model year cars plus show the factory that they deserve more allocation of the new models.
New models are likely to sell at sticker or even marked up for at least a little while.
Got it from Norm Reeves, Cerritos
Ask for Linda Ly, Internet Sales Manager. She will treat you right. Lots of 07's are left.
On my second visit to the dealership, I bought silver automatic 2007 Accord SE 4 cylinder today and paid $18,199+TTL in New Jersey. Sticker price was 22K. I was waiting for the clearance and am very happy with the new car now. The most important thing is that I spent less than 1 hour at the dealership and experienced no headache on this buying. Information on this forum was really helpful on my buying. Thank you all.
For your information, I was offered $18,199 for 2007 SE and $16,700 for 2007 LX. My sales person said he could not have lunch today as so many people want to buy Honda during the clearance. For the people who are thinking to buy an Accord, I highly encourage them to hurry up. I could select the color on Labor day but I saw shoppers are given only one or two choice in color. Good Luck!
is there any deals going on for 2007 Accord in Dallas area. Looking for LX, 4Cy with AT.
All good things,
George
I don't know whether that is offered. Go to Honda's financial arm if you'd like to inquire with them:
https://www.hondafinancialservices.com/index.asp
Good luck!
You may email me at hanpark69@gmail.com
All dealer said deal is over as 9/4. So all discounts for 2007 Accord is over?
Thank you so much,
regards,
kyfdx
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Always hit myhondawarranty.com for the hondacare warranty price before you buy it from the dealers finance guy. (only if you need to finance it)
good luck
--jjf
is it true that I need to go to dealr's place to cancel the Extended warranty, I signed up at the time of purchase?
http://www.edmunds.com/advice/strategies/articles/65347/article.html
2007 honda ACCORD 4-DOOR AUTO TRANS(incl. dest)...
VP $16,730.00
LX $18,088.00
SE $18,721.00
EX $19,975.00
EXL $21,245.00
EXL NAVI $22,995.00
EXL V6 $22,765.00
EXL V6 NAVI $24,695.00
========================================
Note: all the ABOVE prices VALID upto 30TH SEPT 07.
========================================
Their VP, LX, and SE are now ~$1500 under invoice and this same place was advertising ~$2500 under invoice on these same models last week. The V6s still appear to be more than $2500 under invoice, though.
I bought my SE 4cyl Auto for $2500 under invoice on 8/31 and my sister got an SE 4cyl Manual for $2700 under on 9/4. Now my parents decided today that they would like to upgrade from their 98 Accord manual to an 07 LX or SE 4cyl Auto. Too bad they didn't decide this last week, as I warned them the incentives might not be the same after 9/4. Just looking for some confirmation before I go searching for the same deal...
As stated previously call your attorney generals office. Find out the laws in your own state for the period.
I hope you do not live in California, the left coast.