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Comments
I live in northern california, east bay area.
I'm currently shopping for an Accord LX, 5-speed, most likely with no options.
The current online price I'm considering is $16,884, which includes destination fee. I know that this is supposedly about 1000 below the invoice of 17864 (invoice doesn't include destination fee, right?), but I remember my brother got a 2002 accord new a couple years ago for 15,9. The MSRP of that year and this year are virtually identical.
Are my expectations off? Would it be possible to get a similar deal nowadays?
It looks like your invoice price DOES INCLUDE the destination fee. So the quote is $1000 below invoice, which is good but not super considering your are in CA. You should be able to save $200-300 more.
Thanks all for your opinions...I have decided on the Accord 4 cylinder coupe with leather over the Solara.
I have always driven automatic, and I wanted to buy a stick accord. Today was my second day out in my friends Civic. I heard stick is more fun, etc...
This is only my second day, but I'm having second thoughts with stick..Im just not that great at it yet. I dont really want to wear out the clutch in the new car. Ill be going out in my friends car a few more times.
What are all your opinions with 1)stick vs auto in general and
2)specific to the accord...I test drove the auto and learned it was 5-speed auto and it was a great drive!
Thanks!
Wayne
If your area is flat and you aren't in heavy traffic, you'll enjoy a stick shift. If you're frequently starting in the middle of hills or in heavy traffic, you'll wish you'd bought an automatic.
In any case, give yourself a chance to have fun driving such a nice car......Richard
Also, the next time you purchase a car you may want to pay closer attention when you inspect it before signing the papers. It helps if you do the inspection during the daytime. It is easy to miss minor paint flaws under lights.
In any event, the repairs you describe are minor and should not diminish your new car experience in any way. In a month or so, after the repairs, you will probably forget all about them.
Thanks for suggestions!
How do Honda dealers generally appraise trade-ins? Do they go pretty much by the Edmunds trade-in values (or Kelley or NADA)?
I realize you probably can't generalize but I'm wondering what other Accord buyers' experiences have been. Thanks in advance.
P.S. I'm trading a Taurus, not a Honda.
Here is my story: I had a Nissan Pathfinder, and wanted to trade it for an Accord. Went to a dealer that advertised "Up to $3000 over KBB for your trade" They only offer me $1000 Under KBB, since they already had 2 Pathfinders on the lot, and did not want another one. Went to another dealer who had no SUV's on their lot, and offered me the KBB price and gave me discounts on the Accord at a time when there were none, plus they had to have it trucked in from another dealer 200 miles away.
So it pays to look at their used car inventory first, and see what they have. If they have the same car in stock, you may not have much of an advantage, even if yours is newer and has less miles than what they already have.
Don't mean to be the bearer of bad news but a Taurus usually brings well below what the books say. They are VERY soft in the marketplace.
You may be better off selling it yourself AS IS.
I'm in the DC Area and I've had bad luck getting dealers to give me a good deal. For an Accord LX 4dr. auto. side airbags the lowest OTR price I got was around $19,000. This is $500 more than what musicboy paid for the same car back in January 2004. Shouldn't 2004 car prices be getting lower because of incoming 2005s?
Maybe I'm doing something wrong..when I tell one dealer to beat another's offer they tell me that the other guy must be lying and trying to get me to go to the dealership. here is a recent reply:
"I know you feel that you received a better offer but as I had stated in my first e-mail to you, many dealerships are using misleading tactics in order to earn the business of their potential customers. They will offer a low price that they know no other dealership will be able to beat to make it look like they are the best deal in town. Only when you get to their dealership, they will add on other charges such as dealer installed accessories or other hidden charges or fees that they purposely did not inform you about up front.
Our price is the complete price that you will pay. Absolutely no other charges or fees will be added. I include our dealer installed accessories of wheel locks and mud guards for no additional charge. I also enroll all of my customers in our lifetime free oil change program complimentary!
The prices that I am quoting you are based on $700 below invoice so I am confident that no other dealership can legitimately beat our deal."
WHAT SHOULD I DO??????
I was orginally quoted, from the internet salesman, $500 below sticker for an 04 Accord EX 4Cyl w/Leather at Hyannis Honda in Mass. That's about $24400. He was adamant that this was a great deal on a great car.
After reading the numerous posts about what others have done, I offered $21500 +TTL and they accepted. However, when they quoted my trade, they came in $3500 below than other dealers quotes. ..and I wasn't supposed to notice that I was now at full sticker???
Needless to say, I won't ever be going back there again.
I went to Ron Tonkin Honda and they gave me EX-V6 for $24,380 (Best Price, according to the salesman).
I still need to find out if this is the final drive out price but would like your input on the price.
Thank you.
Stonepillar
I am also shopping for a 04 EX-V6 sedan, the quotes I have received from the 6 dealerships in the Phoenix, AZ area range from 22,949 to 23,800. I will post the final price when the deal is finally made (hopefully by this weekend). Hope this helps....
Foolishly also bought several additional accessories on the spot that led to problems I found out about after I had signed. However the dealership is working with me to set this right including refund over half the money and selling the accessories at a discounted price. Dispite the problems, they appear to be trying to make amends and earn their five stars.
Remember I live in VA and the tax is only 3% vs. 5% in MD. I paid 17,852.33 plus TT&L)at the end of January. I calculate that this amounted to $345.17 BELOW true dealer cost (plus the value of some dealer added extras - pinstripe, mudguards & wheel locks.) There was no Manufacturer To Dealer incentives available at that time that I know of.
I've read that others on this board have recently gotten even lower pricing because of recent incentives (i.e. $17,802 (plus TT&L) in Rockville, MD in mssg #4952, $17,583 (plus TT&L) in Dallas, TX in mssg #4923 and $17,882 (plus TT&L) in North Carolina in mssg #4914.)
Let's determine the current status of true Dealer cost on the 2004 Honda Accord LX 4dr Sedan w/Dual Side Airbags (2.4L 4cyl 5A) (CM5644EW) that you are trying to purchase.
MSRP (including Destination Charges) for this vehicle is $20,840 and Invoice is $18,808. Subtract the Holdback of $610.50 and subtract the Manufacturer to Dealer Incentive of $500 and you have a true dealer cost of $17,697.50.
If you take that figure and add 5% MD tax of $884.88 and two years MD registration of $128 and MD Title Fee of $23.00 you get a total of $18,731.38 OTR. At that figure the dealer will be making no money so a $19,000 OTR offer is not that terrible.
Now that doesn't mean that there isn't a dealer out there somewhere in the DC Metro area that wants to move some cars for allocation purposes and WILL sell you a car below cost or one who has that vehicle with some added accessories already installed that they are willing to part with for free. You might try and negotiate with them by offering a lower price or asking them to throw in some accessories that you want.
If all negotiations with your Internet contacts then you can always do what poster Edge71 did in Mssg #4952 and that is to walk into Herson's Honda in Rockville, MD and see if you can get them to match his deal of July 1 of $18,818.10 OTR.
I should use your tactic: Fax.
Thanks jayhawk.
nakks2> in Dallas, TX does not contain side air bags.
Thanks for the clarification. With the addition of $225 for the side airbags to your deal that would have been a total of $17,808 which is in line with the LX w/side airbags deal in Rockville, MD in mssg #4952.
In my experience trying to trade in a car, I've always left feeling somewhat insulted with an offer well below KBB - and definitly well below private party pricing (20-30% below private party pricing).
My question is should I have gone lower than that? Is this a good deal?
I am planning to buy a new 2004 Honda 4dr Sedan w/Side Airbags. I have quotes from four dealers. The quotes range from $18000-$18750 (without tax, license, registration costs but inclusive of destination fee). My budget is $20000 inclusive of all costs.
Since I am a complete novice in terms of car buying, your inputs in terms of what options I should get in terms of options/features on this car as a part of the deal are more then welcome.
If I wait till labor day this year, will my chances of getting a better deal improve? I am assuming that since the 2005 model will be phased in around that time, the pressure to sell the 2004 inventory may be higher then.
Please recommend other dos/donts as well!
Thanks in advance.
We are already very short on inventory and as more time passes the more popular cars get snapped up.
This happens every year and the bargain hunters get frustrated when they can't get the color they want.
$25265 Total out the Door
Can I do better at another dealer, in South FLA?
pay right off. Simply ask for their best price.