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The bottom line is that I don't think you are obliged to redo the contract.
Did the dealership promote "0.09%" financing, or was it just a happy accident? I guess what I'm asking is, did you realize that the rate you were getting was (most obviously) a mistake before, during, or after you signed the papers?
I think your best angle here is to go ahead and sign the new agreement at 0.9%, but try to get the dealership to cough-up some freebies... lifetime oil change, $200 (split the difference), or something.
Here are my 2 lousy cents, remembering that I am NOT a lawyer.
One is inclined to think "a contract is a contract; They have to honor it!" But my guess is that there may be some fine print language in your sales contract that says in effect, "this deal may be voided by American Honda Finacning for the following reasons," which, incorrect rate is one of the reasons. This allows them to safeguard themselves against incorrect finance rates like you got here. There probably is a ton of precedent on their side in this matter.
I am as distrusting of dealers as the next guy, but this really looks like an "honest mistake." It is widely known that Honda is running 0.9% financing for 36 months. Also remember that your dealer and American Honda Finance are completely, 100% NOT related, other than AHFC will only lend money to people buying a Honda or Acura.
But, as this looks like it would require a new contract, I would say to the dealer something along the lines of, "All right. You guys are the ones who made a mistake here. I want the exact same deal as before, but I want you to subtract $300 off the final price, and then I will finance at 0.9 for 35 months. Remember, it is YOU guys who made the mistake, not me. You are wasting my time, and you have to do something for me."
Anyway, when all is said and done, is $390 that big a deal when the car was $31,000? There has to be some kind of amicable median in there, both from your standpoint and theirs.
JR
I was frequently checking out the lot at my local dealership, and I think this year Pilot inventory is less than last year. I can count on the fingers this year while it was full of Pilots in the lot last year. Is Honda getting smart by adjusting their production for 2007?
I am crossing my fingers that there will be better deals. My eyes are set on a Dark Cherry EXL 4wd with RES. ;-)
I don't think it is a valid contract, until approved by the bank.. If they insist, and you don't sign, I would bet that you will have to give the car back.
I'm not sure if you would be liable for any costs (probably not), but unless you've decided that you just don't want this vehicle, I'd try to extract some concessions from the dealership. I don't think -doing nothing- will be an option..
regards,
kyfdx
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Also, dealers are commonly awarded monetarily by the manufacturer at months end for how many units they have sold. This will be one more unit not added to that total, if they have to take it back.
When you remind them of these things, my guess is they will gladly take the $300 off the contract price.
JR
Obviously, if there was going to be an incentive tomorrow that was better than today, why would you buy today? Even if it were equal to today's, there's no urgency for you to buy anymore if you can get the same deal for the next month.
So what I am saying is that there is almost no chance of finding out that information with 100% accuracy. Anything anyone says on this board about it is pure conjecture.
JR
You are right, can help her out, but she is not helping her case. She kep on talking "down" to us during the purchase, using fear tactics to get us to buy insurances (we didn't). And even after we declined, she still printed out the sheet with those extra charges (insurance), apologizing only after my husband pointed out her "mistake." This morning she was treating me like an idiot. She kept saying "Oh it's just a simple mistake, I'll tell you when you get here" and only explained when I flat out told her I am not going there until she tells me exactly what is going on. When I introduced the notion of just cancelling the whole thing (to see what freebies she can offer), she tells me, "Oh it's just a $3/month difference, I don't think you want to do that." I tell her it's $11/month - I had an excel worksheet open so I was able to compute it right there. BOttom line, she pisses me off, although my conscience says I should help her out.
Ok, I am now ranting so I will stop here.
Thanks for the info, I guess I will just wait till tomorrow to hassle the dealerships.
That would help determine if you should jump on today's deal, or wait until later.
JR
Yes, I realize the car would take a hit on depreciation, plus how a return would affect the dealer's numbers, so I called my salesperson about this (before posting my question here) and whined a little bit, and he had no idea this was going on, he said he would "get to the bottom" of this and get back to me. Am wondering if I should just be proactive and call him to offer a compromise.
I'd wait for them to offer something first....
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I was offered $31,184 plus Tax and Tags. For an AWD EX-L Pilot with Nav, I thought that was good. They said that the offer would be good for March as long as the incentive didn't change.
i have asked 7 dealerships for quotes and so far after 2 days, I have only gotten one. Very slow.
Through tonight, Pilot buyers get either a choice of $1500, or the financing.
The details of a "fairly good" deal on your trim choice would look as follows:
EX-L 4WD Pilot with NAV - invoice: 31,912
Destination: 595
Total: 32,507
Manufacturer-to-dealer cash: -1,500
New Total: 31,107
So, 32,507 if you plan to use the cut-rate financing, and 31,107 if you took the dealer-rebate. This is the kind of deal I would get in St. Louis...."Invoice + Destination."
But I will tell you, I am pretty sure people in Philly are getting WAY better deals than that. Like, maybe $600-900 more off than my example above.
Sounds to me like there is a BETTER deal to be had for you. But you have to make that decision.
Good luck!
JR
During her "persuasive speech" regarding insurance, she also kept shimmying her generous bosom at my husband
Some may find this a bit off-color, and probably should be a separate thread, but you guys need to watch out for this too, it's part of the sales pitch.
I thought that was a dealer option.
Thanks again.
I would guess that it is reasonable to assume .09% is a mistake if the dealer or Honda was promoting .9% for 36mos.
In a world were car dealers are notorious for charging what ever they can get away with, I hope you get the .09 rate to stick.
It is possible for the dealer to pay down your loan to match the .09 by paying the $390. This is ultimately what I would settle for. Come sign the new rate if they agree to compensate you with $390 off the sticker. Of course in the car dealer world you might have to start somewhere higher to get what you want.
If the dealer was promoting .9% financing for 36 months and that's what you thought to be the rate, then they might have solid ground to stand on and void your loan. But then again as another post pointed out. If they have to cancel the deal and take the car back then they stand to lose much more than $390.
let us know what happens
So, as of tomorrow night, I'm a proud new owner of a white Honda Pilot 4WD EX-L.
My offer on the table on Feb 19th was $ 28,988 for the pilot. This offer included dest. charge and -$1500 incentive. HOWEVER, On that date we never discussed the trade in...we never got that far. Looking back, I wish I did get that info.
Tonight I got a slightly different deal on the pilot, but I was happy with my trade in. I had a 2002 Toyota Solara Conv. SLE to trade with almost 85k miles. Still runs great!
In the end, I ended up getting the Honda Pilot 4WD EX-L with 3.9% 60-months for $ 30,300 (including dest charge). They gave me $9600 for my trade in (in a phone conversation earlier in the day, I mentioned 10500, but figured to come closer to 10k. close enough for me). I know I coulda sold it for more if I did it on my own, but I had one private deal fall thru this weekend and, to be honest, I can't spare the time to have people come look at it and clean it up (exterior) each time. I'm also trying to plan a wedding.
So, tomorrow I go and pick up my first SUV.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I've found this forum to be extremely helpful in my research, so thanks to anyone who's contributed. I feel like it helped me recognize an amazing deal was when I saw it, which was yesterday (2/28) in Atlanta. Hopefully this will help someone else...I know there are a few others in the market for the same Pilot in the Atlanta area.
I initially contacted 14 dealers in the area, and after some weeding out, around 4-5 were "playin' ball."
2WD EX-L (no NAV or RES) in Billet Silver Metallic for $26,217 before TTL; $28,500 OTD.
This was at Sons Honda in Griffin (south of the city). No one could come closer than $29,000 OTD, but Curry Honda(closer to me) tried to match it at the last minute, but I had already committed to Sons Honda. The people at Sons were VERY nice to work with. No pressuring for accessories, ext. warranty, etc. I was in and out in an hour.
I tried to work everything in my favor for the lowest price possible: waiting until the end of the month, using the $1500 incentive and not the financing (depends on your situation), and talking to as many dealers as I could within a reasonable distance to me. And of course, doing my homework beforehand. I used a method similar to Fighting Chance, and negotiating start to finish took about 4 days.
I think it worked. Hopefully it does for someone else, too!
Good luck!
Can anyone please give me the best price paid for 07'Honda Pilot EX 2WD. Suggest me whether this Trim
is reasonable that EX-L .
Thanks
Dhwani
The Pilot, Element and Ridgeline are all down quite a bit year-to-date.....the Pilot sales are down 7.5%. Here's a link to the numbers:
http://www.hondanews.com/categories/1097/releases/3901
So, either Honda has to decrease production, or reintroduce incentives to keep people buying Pilots so their inventory doesn't get ridiculously out-of-whack.
Personally, I would love to buy a Pilot soon. But, I have this hunch that waiting until the summer will be the thing to do. If these numbers continue to fall, we could see incentives similar to those from last summer on the Honda trucks.
Thoughts?
JR
But, I think there was a $2500 incentive last summer, whereas a $1500 incentive just expired.
I think they had some similar financing deals as to what just expired as well.
JR
I got a deal with OTD 27,000$ for 07'Honda Pilot EX 2WD.
Please suggest me whether its a good deal..Or should I digg in further for a better deal.
Thanks
Dhwani
-Avoid the 2wd model
-You want about 6k off.
-OTD price doesn't mean much as some states will have $300 in sales tax while others $2200. Break down your deal with price, fees and taxes for folks to evaluate it.
-Last summer was a shooting gallery as most folks got 6500-7500 off without trying hard. If there is a redesign in 08 expect the same or better in July. At least 2-3 folks posted 8000+ off in August, although they were surely in the right place/right time.
Happy Hunting
--jjf
Hi,
I got a deal with OTD 27,000$ for 07'Honda Pilot EX 2WD.
Please suggest me whether its a good deal..Or should I digg in further for a better deal.
Thanks
Dhwani
This forum was a big help in my decision-process, indeed, I HIGHLY RECOMMEND SITES LIKE THIS FOR WOULD BE CAR BUYERS...
I think gas prices will further effect the Pilot sales. They are at or near $3.00/ gallon in my locale.
Please confirm if the new round of incentives are the same, or $2,000. This thread has been very helpful.
Thanks for the prompt reply,I live in North Carolina and we went to few dealers in Charlotte.They Quote 24,500$+TTL = 27000$ whereas original MSRP was 30,XXX$..Can you tell me what will be right price to bargain and get it.?
I am not kind of automatic guy , Can u please give me information of why 2WD should be avoided.
Thanks
Dhwani
http://automobiles.honda.com/tools/current_offers.asp?Function=new
No mention of any Manufacturer-to-Dealer cash, though I don't think the Honda website advertised that while it was in effect the last couple of months, either.
Edmunds.com doesn't have this up yet....though they do have Honda's APR incentives for a couple of other models.
Dudes (and Dudettes), this still looks to me like summertime is the time to buy....
JR
If not, what would be a fair cost for a leather upgrade?
The reason I say that is because before with $1500 rebate in Jan and Feb, carsdirect.com target price for Honda Pilot EXL 4wd was $29500 in my area ( zipcode 19006)
Now , effective March 2 it is $28996
Alex
No. The EX 4WD price was for cloth (Nimbus Grey) at Pasadena Honda. I would price the cost (at dealers and in the secondary market) to convert the cloth to leather. I would suspect you'll still come out ahead of buying an EX with leather. Good luck!
THE FOLLOWING SAVINGS ARE EXTENDED TO YOU:
PILOT 4WD EX $25,722.00
PILOT 4WD EXL $27,851.00
HILLSIDE HONDA
139-07 HILLSIDE AVENUE
JAMAICA, NY 11435
800-840-6860
I do not know anybody there but the email is from Samantha Shaw .
HTH for someone looking to buy in NYC.
Not the BEST deal ever mentioned in this forum, but a real good deal nonetheless.
JR
Please help me in deciding if $25000 OTD is a good price for 2007 Pilot EX 4WD ? I got this verbal offer from a Seattle Dealer. Do you guys think it is too good to be true or it is good reasonable offer ?
Thanks for you help,
goldie
In any event, if sales taxes in seattle are in the thousands, call back the sales or fleet manager , get a description of the car, the VIN, have him write up the deal and itemize the taxes, doc and title fees et
confirm it is an EX awd, vin#xxxxx, and go and buy your car.
If taxes are minimal, a $6900 off deal is still excellent. If everything checks jump on it. If you go with the 3.9% honda promo perhaps 1500 more on the price will be necessary. Just a guess but if the deal is legit its probably for a silver one. (40% of production)
Pay no more than 1300 for the 8yr 120k hondacare warranty if you are into that sort of thing. Its available for a bit less online.
However expect a misunderstanding or bait especially if seattle sales taxes are large. Thats why you want to itemize everything directly with management over the phone including the VIN, fees, and invoice writeup, especially if you have to drive 100mi.
We are in the to good to be true catagory until proven otherwise for a brand new 07 non-demo awd EX pilot. The beginning of the month is when most sales hyjinks happen and you risk becoming training material for the staff's bump up skills.
Happy Hunting
--jjf
Hi,
Please help me in deciding if $25000 OTD is a good price for 2007 Pilot EX 4WD ? I got this verbal offer from a Seattle Dealer. Do you guys think it is too good to be true or it is good reasonable offer ?
Thanks for you help,
goldie
If you can go OTD in an EX for $275 less than I paid for an LX 4WD there is no question in my mind that this is a super great deal. I hope you can do it and best of luck to you!