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I agree... no need for a downpayment. Assuming, you have the capital to make up the difference between the insurance payout and the loan payoff...
Making a downpayment, just to keep from being upside down, has no benefit.. assuming that said money is still available to you at a later time..
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if they tell me oh you have best credit score BUT for no $ down we charge higher, then thats stupid
Please email PR@edmunds.com before Friday, February 6, 2015 to share your story.
I'm in Tampa Bay and the best OTD price I've received so far is $22550 on a '15 LX with manual transmission and pretty much no options (car may have had floor mats or something trivial). I'm open to leasing or buying depending on the deal. Unfortunately it seems I'm doing pretty bad at getting a price compared to most of you!
How do you manage it? I used the TrueCar system and selected 3 dealerships a little bit out of my area - I then asked those same dealers for their OTD price...that's how I got the $22550. Everyone says "OK, now send that $22550 in an email to other dealers and have them beat it"...nobody here will do that. They will say "Sure we can beat that, just come on in" but I know there's no winning with these guys once they have you in person with their endless stream of salespeople, finance guys, good cop/bad cop theatrics.
I already have financing arranged through Capital One and I'd much rather buy from a very lightly used say, 2014 from a private party to avoid being ripped off, but it feels very hard to get a private party loan for $20k - at least for me.
You may not get the best price with Truecar...in my area, even the Edmunds Price Promise is much lower than Truecar... You should just go to the dealers website, and search their new inventory to find out who has the exact car you are looking for.. and send them a request from their website.
Around my area, I was being quoted $19,300 + tax/fees for the 2015 LX Manual. Honda is also offering .9% for 36 months, and 1.9 for 60 months.
MSRP: $23,725
$20,000 (Paid)
80 (Docs)
1,807 (9%tax)
29 (EVR) <--- WTF !! BS !!
231 (DMV)
8.75 (Tires)
-500 (College Grad Rebate)
___________
$21,656 OTD
2/2/15 , Los Angeles area
23 Telluride SX-P X-Line, 23 Camry XSE
23 Telluride SX-P X-Line, 23 Camry XSE
23 Telluride SX-P X-Line, 23 Camry XSE
is this a reasonable price?
I'm not great at negotiating and hate the process but i don't have to buy the car this second as I've got a nice sports car at home
breakdown your deal
sale price
dealers doc fee
include or exclude the destination fee in the agreed sale price.
23 Telluride SX-P X-Line, 23 Camry XSE
23 Telluride SX-P X-Line, 23 Camry XSE
ehicle: 2015 HONDA ACCORD SEDAN CR2E3EEW 4dr LX MT
sales tax is about 7% and is included. originally they quoted me $24.7k
You have a good deal on the table. I'm assuming the 820 dollar destination fee is included in your price.
Invoice price on the 6sp mt, lx model ................... 20,236 ( nada pricing )
dest/ charge ...................................................................820
Total...........................................................................21,056
minus agreed sales price..........................................- 19,383
......................................................................................................................-
................................................................................ 1673 below dealers invoice price
minus dealers doc fee/ svc fee...............................-699
your otd buying sale price..................................= $974 below dealer invoice price assuming dest charge of 820 was included................... If not your closer to invoice price on this sale.
Your room for more price negotiations is dealers outrageous 699 doc fee charge.
23 Telluride SX-P X-Line, 23 Camry XSE
I'm trying to get another dealer, dealer 2 let's say, about 100 miles away to beat that price. Caveat is dealer 2 doesn't have the vehicle in stock and would ask fora $500 deposit to get the accord from another dealer. .. plus i worry he knows I'm from out of town and will try to change the deal once i get there .
Example.......... Email or call both dealers tonight . Tell each dealership that for x price you buy today holding with a credit card deposit to show your a serious buyer. Otherwise your still shopping around for a lower price. leave contact info then play out this month making your best deal at the very end of the month.
23 Telluride SX-P X-Line, 23 Camry XSE
good luck
23 Telluride SX-P X-Line, 23 Camry XSE
Bought car last night, very happy and thank you for the tips
Nice job and good deal ...................... you knocked off another 400 dollars.
23 Telluride SX-P X-Line, 23 Camry XSE
$25,750 negotiated price
+ $139 document fee
$25889 total out the door
At dealer for a total of under 40 minutes.
Fayetteville Honda
Fayetteville, AR
Have been looking around the past week emailing the local dealers in the area. Only two had the car in the color we was after. We drove to Springfield, MO to Don Wessel, Honda all the way from Joplin, with check in hand to purchase for an already agreed upon price of $26,512. My wife does not get home from work till 5 and after an hour and half drive up there with an unexpected emergency stop because our 6 month old little girl had an explosion in the back seat. We did not arrive to the dealer until 6:45. A guy comes out and asks if he could offer some assistance I told him what we was looking for and where we had come from. His response is, "well we close in 15 min". He finally offered to let us see the car which is around back and instead of going to get it, had us drive back there to see it in the dark and invited us back this Saturday. Well this worked out for us! When I arrived back home I emailed Honda of Fayetteville a copy of the offer from Don Wessel Honda and offered them $25,750. At 8:01am I received a video chat email in return from the dealer. He wanted me to confirm my offer, which I did and wanted to know if they could do it for that price that I could come in today. I told them "yes", they agreed to the price and then I informed them we would be in after 6pm. Got there salesman was waiting outside at the door for us. Went inside they offered 72 months, $0 down for 3.89%, had filled out the credit application earlier in the day after we struck a deal on the price of the car. We told them we already had that deal beat at 3.49% from our local credit union. they wanted to know if they matched it, would we finance through them and I said "no", so we wrote them a check. Arrived at the dealer at 6:40pm and left at 7:20pm. The very best car buying experience we have ever had.
Accessories: Decklid spoiler
MSRP: 31315 + MSRP for decklid spoiler (honda site shows $299) = 31614
*true cost of installation + spoiler part is less to dealer, but meh who can reallly say?*
27035.97 for the pretax/fees car price (includes spoiler cost+ installation fee)
80 doc fee
2169.28 tax
306 dmv
8.75 tire
29600 total OTD all inclusive
The tips here were great and I'm bad at negotiating but using the internet, email, putting dealers against each other really helped. I didn't negotiate anything in person.
I would never have even thought i could get the dealer fee reduced if not for the advice here.
Vehicle: 2015 HONDA ACCORD SEDAN CR2E3EEW 4dr LX MT
Miles: 7 PURCHASE OPTION
Vehicle Price: $22,895.00
AutoNation Savings: - $3,895
SmartChoice Price: $19,000.00
3 Day Money Back Guarantee: + $ 0.00 Vehicle Selling Price: $19,000.00 Sales Tax (estimate): + $1,237.55
Tag/Registration Fees (estimate): + $185.35 Tire/Battery/MVWEA: + $6.50
Dealer Service Fee: + $415.95
Balance Due (estimate): $20,845.00 No Trade-In
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP $29,240.00
Selling price $24,509.00 (includes destination)
Dealer fee 489.00
Appearance pkg 119.00
Decklid Spoiler 312.00
Body Side Moldings 245.00
Nitrogen 88.00
Electronic title fee 52.00
GA 7% TAVT 1895.25
Tag fee 20.00
Title fee 18.00
Lemon Law 3.00
Total drive out price $27,750.25
Is this a good price or can I do better?
If you want to haggle more the dealers fee of $498 , Nitrogen in tires $88 is your wiggle room.
23 Telluride SX-P X-Line, 23 Camry XSE
23 Telluride SX-P X-Line, 23 Camry XSE
Cash price: 20727.16
VA sales tax: 842.89
Gross Rec Tax:41.45
Registration fees: 93.50
Title Fees:10.00
Processing fee: 585
Less Honda incentive: 500
OTD: 21800
We bought the car today Valentine's Day!
Happy wife, happy me!
In West Los Angeles, CA
If dest/ charge is included its a excellent deal. If not included its good for CA.
23 Telluride SX-P X-Line, 23 Camry XSE
I am new to this forum and just going over this forum I see that you have been able to help many here. Your earlier comment about buying a 2 to 3 year old car is spot on and seems like the best value for money. I am interested in buying a used honda accord sport car. I don't want to hold on to this car for more than 3 to 4 years. I have always avoided tough negotiations in person and hence tend to move towards buying new where I can negotiate over email/phone - I find a lot of resources for buying new car and how to do the negotiation over email/phone. However I always find it difficult to avoid the car sales man when it comes to used car sales. Especially the buying process requires you to test drive that particular car. Any suggestions on
1. Using the same email/phone tactics for buying used car
2. fixing value of the used car (especially certification seems to skew the picture)
Thanks
Knowing each cars value is the most important factor. How do I do this.?
until your sure what car you want to buy going to dealerships to test drive and check out vehicle is unavoidable. Once you have left each dealership you could always call back with a counter offer. So if your already at dealership Ask salesman what the cheapest price he will sell you the car for.
Web buying from sites like Autotrader etc is where you can bargain down price on vehicles. Via emails/ calls also
Knowing each vehicles value is the hard part. Educate yourself with pricing from Kelley's blue book price , Nada , Edmunds. Then compare to CarMax pricing vs Manheim auction prices.
When ever you could get the higher kbb price on a used vehicle you have done well
23 Telluride SX-P X-Line, 23 Camry XSE
I'm in PA and haven't seen any big selection around now, so I'm looking in slightly used too. A private party is selling 2015 Sport trim, auto with 800 miles on it, asking 22k. Is 20k reasonable to offer?
20k would make for a great deal that private party won't like to make . At a sale price of 21k would put you at 1500 below invoice plus your saving another 820 dollars you did not have to pay for the destination charge.
Sport model 4cyl is peppy and the CVT trans is one of the best in its class
23 Telluride SX-P X-Line, 23 Camry XSE
Knowing area pricing with how and when to buy is the key to making your best deal. CA markets are better than most.
To get the lowest price is to pit one dealer against the next. How do I do this????
Contact as many dealerships Internet dept as far as your willing to travel to telling each dealer for xxx price I buy today leaving a credit card deposit. This shows your a serious buyer . You could do this via email or direct calls to each dealerships internet manager. If the Int. mgr. wont speak to you go thru his or her staff with same approach. I like to speak to each mgr directly telling each one........ I will buy this vehicle from you right now for xxx price. (Yes / no.) counter my offer then I'm moving on to the next dealership. Dealers that wont give you a price remove them off your targeted list. They are not worth your time and effort. Buying a car this way is quick and easy. Make each dealership commit to a price before you agree or hang up with them. That's why buying this way is very effective. Be in control of your negotiations. Not the other way around. Dealers love to hear.... Give me your best price. Then you get there idea of a good price. ( Just some helpful tips to further your negotiations along and save you valuable time). Be firm and in control. Use wording like..... I buy today for X price. Do you want the sale today?. I will buy this vehicle right know holding w/ credit card. I have no problem traveling out of my area for this sale . Do you want to lose my business to x Honda down the road. ETC. ETC
Weed out the bad dealers and play ball with the good ones. That's how you play this pricing game. Emails are just as effective until your ready to close the deal. Then you need to pick up that phone and negotiate like your in the dealership. In 45 years no manager/ Int mgr. has never refused to talk to me via phone about a sale that moment. Cant talk here is my number call me back otherwise I'll give my business to another dealership.
Below is a good target price for your model. Use the lower end number and work back up towards invoice price if lower price cant be achieved.................... 500 below invoice should be do-able.
700 to 500 below dealers invoice is a good target price to start on your model in the Bay area. . If you want to get a lower number you will need to get 15 to 20 dealers involved and travel further from your home.
Example ............................................29,312.........Invoice price EXL Hybrid model
............................................................- 500
...........................................................28,812 = 500 below invoice. This Excluding taxes , tags and dealers doc fee charge. make sure any incentives / rebates (do you) are taken of your agreed sale price.
Send out emails and start your calls to dealerships this Sat. and not before that time. holding out till the very end of the month ( if your target price is not met.) Pit these dealers against each other for your business.
No need to step foot into any dealership unless you have agreed on a price and are picking up vehicle. Negotiate from the comfort of your own home making dealers bid for your business and not the other way around.
Finding dealers with a EXL Hybrid on there lot is where your best deal may lie.
Apply what I talk about here it will help all forum members in every state.
Good luck
23 Telluride SX-P X-Line, 23 Camry XSE
Thanks for those tips. I am also open to buying new car. I am in NJ and I am open to working with NY / PA dealers. In this situation, what is the best price I can expect for a new honda accord sport?
All
Honda is currently running a promotion for .9% interest rate, Has anybody pre-qualified for the loan using the hondafinance web site? Does it provide any advantage in price negotiations?
Thanks
23 Telluride SX-P X-Line, 23 Camry XSE
Thanks