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Comments
Ad:
"Special AHFC A.P.R. financing available on all new 2009 Pilot models. 0.9% APR financing for 24-36 months or 2.9% APR financing for 37-60 months available to customers who qualify for the AHFC Super Preferred credit tier. Example for 2009 Pilot: 0.9% for 36 months financing at $28.16 a month for every $1,000.00 financed. Dealers set actual vehicle sales prices. See participating dealers for details. For well qualified buyers. Not all buyers may qualify. Higher rates apply for buyers with lower credit ratings.
Offer valid from 9/3/2008 through 11/3/2008, on new and unregistered 2009 Pilot Models and only on approved credit by Honda Financial Services through participating dealers. Honda Financial Services' standard credit criteria apply. Example for 2009 Pilot: 0.9% for 36 months financing at $28.16 a month for every $1,000.00 financed. See dealer for details. Dealers set actual prices. Limited time only."
When I was looking for one in late August / early September, out of the 4 Honda dealers I went to, only 1 had any 2008 Pilots left, terrible selection too (no EX-L or Touring). Maybe in other markets (I'm in St. Louis) that may not be the case, but over here, 2008 models are virtually gone.
I hope for other interested buyers the incentive will come back soon; personally I wouldn't hold my breath until next month. Hondanews also list Pilot sales as the second least declining compared to September year-ago; if Honda wants to provide incentive, they would be better off giving it to other models (Odyssey for instance) - again this is just conjecture on my part.
On a side note, I got my pilot at the last day of the incentive and we did 2.9% financing (which was the lowest financing available then); two weeks later, the dealer called and said that he can give the 0.9% financing, so that was pretty sweet
http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSWNAB4514200810- 01
Now there's something that I still can't get my head around... Why did Honda offer cash incentives on the '09 Pilots right out of the gate??
Manufacturers provide incentives either as part of a marketing budget or to balance supply and demand to meet fixed-volume manufacturing requirements. This isn't my opinion, it is fact.
The likely reason that early incentives were offered is to get a quantity of vehicles on the road for "drive-by" marketing purposes. Commercials and print ads only do so much to get people interested in a vehicle, sometimes it takes sitting next to one at a red light for 30 seconds to really catch your eye.
Each manufacturer has they own formula. But, bear in mind, current market conditions are not like anyone has ever experienced. Most vehicles are sold with credit, and right now credit is at a standstill. What we do not know is how long Honda dealers can keep current prices without incentives in this uncertain market.
Fred
I
I have two offers for a 2008 SE for ~$26,800 using request a quote from the Honda website.
I have two questions:
How much (if any) negotiation room is there?
Is there reason to buy now, or wait? I'm not in a hurry.
Thank you all
Out of line to be upset? No, I would be, too
Some sort of legal right to the car? Doubtful.. nothing worth pursuing..
I'd just say, "No way".. then, see what happens... A deal is a deal.. if they won't deal, then write them off..
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This includes the Doc fee, but not TTL.
Have them install running boards with lights for additional $800.
Drove it home last night....loving it.
This is in Norman,Oklahoma.
for 6500 dollars off of MSRP. The salesman expalined that the $2000 rebate was over however the dealer wanted to know the specifics of my trade in order to offer
something close in my estimation. I am waiting to hear from them sometime today
or on Monday and I'll let you know.
Sales Price 35,298
DMV Fee 331.00
Taxes 2916.00
Doc Fee 55.00
Out the door 38,598
I live in central California. I sent about 10 quotes out, even one in Los Angeles (300+ miles away) and this is the best quote so far.
South Bay Honda in Los Gatos
Anyone else hear this?
its the 4wd season so the price will not go down based from what I heard.
SUV sales are down. So is SUV production. The purpose of incentives is to move excess inventory or to maintain minimum production levels. I haven't been able to find anything on Pilot inventories, but before you ASSUME that incentives will come back, you had better have some idea of inventory trends. Otherwise, all you are doing is waiting for the sake of waiting.
Also, the effect of credit-tightening on incentives is unknown. On one hand, it makes AHFC's cost of credit higher, meaning that it is harder for them to offer special finance rates. On the other hand, it reduces sales because people can't get bank loans, increasing inventory. The big winner might be the cash buyer, or at least those with a large downpayment who can then easily qualify for a smaller loan and get a great deal in the process.
Thanks.
No dealer knows for certain what incentives will be available. If you really do not need a vehicle at this time I suggest you WAIT. These next few months are the most difficult time for the auto market. With many people concentrating on the Holiday season, sales are down. If the dismal September sales are any indication of the downward trend,October,and November should follow the same pattern.
available? Did you personally see the car and do they have it on their premises?
How long ago did you inquire and is the vehicle is still available?
I also live in NY and I know all the dealers. This may be a bait and switch tactic to get you into the showroom.
I first saw this on eBay Motors. I emailed them about it and they email me back the standard sales pitch ignoring my original question. They finally told me they do have it. It is also on their website inventory. Haven't actually seen it yet though. Any idea what I should offer?
Why can't they sell this car for the past 3 years?
There will be a lot of questions to ask and check anything wrong with this car.
Of course a test drive is needed before any offer is offered.
In EBay Motor I found a 2005 Pilot in "New" section which is in NY. However this car has lots of mileage. It should be a mistake.
Honda : Pilot EX
2005 Honda Pilot EX NEW
Location: Woodside, New York
2005 48,631 MILES $30,670.00
I guess they scared me into it! I couldn't pass up the deal on the MDX, and couldn't find a Pilot low enough to outbid that deal!
It is really difficult to make an offer on a vehicle that you have not seen or test driven.
My First reaction would be why are they not answering YOUR questions - I would really push hard to have MY questions answered first.
In addition I would ask them outright what they want for this vehicle - let them make the first offer not YOU. Plus ask them for the VIN number so that you can check it.
Then make an appointment to inspect( make sure the VIN number they gave you matches the one on the vehicle) and test drive the vehicle -
I think that was the one I saw too on eBay. But as I said, they did say they have a new one in stock, and it's on their inventory on their website.