2013 and earlier-Honda CR-V Prices Paid and Buying Experience

szer

Buying an 08 EXL below invoice/at invoice is not possible. The difference between an 07 and an 08 is huge: namely dual climate control and power seat... even some 07 are not selling at invoice.... getting an 08 at invoice is even...

crvexl4wd

my intention is to find what the best deal which some one has got.

pete22

I am in So. California. As far as I can find out no one will have an EX-L around here until the end of this month or a little later

isellhondas

Just remember that not every "price paid" really happened.

szer

I myself bought a 2008 CRV in Indiana... I contacted Bob Rohrman(darn stricker), Penske(ard 500 belowe sticker), Honda West(ard 1000 belowe sticker) and finally the place which i bought my honda from(around 500+- above invoice), which i found quite reasonable. Basically, I am paying less than what people are paying when 07 hit the showroom.

szer

Also remember that the purpose of setting up a business is to earn money... After reading some of the post, I really find some people being unreasonable with their salesman. We must understand that a sales is all about demand and supply. For example, in my area(IN)(i am schooling there), I find that the prices that we pay may be a little bit higher than states like IL and others, but that is partly due to the fact that most people in my area pays sticker...(AGAIn damn bob rohrman)... I personally think that it is just right that people want to earn in every business they do, but it must be of the right amount... I used this equation that i got from carbuyingtips.com (dealer real cost+5%). It is only fair that a business earn some money... After all my dad is a businessman, and the profit he earned kept my family going and paid tuition for my 3 siblings...

adamantli

szer, i also purchased a 2008 crv in NY, following all tips from carbuyingtips.com. From my experience, 08 model is not that hot. one sales man gave me a quote of 500 over invoice (20370+595+500) soon after I tested the vehicle. But I walked away because I wanted to find if I could get better offer. I walked to another dealer and proposed my offer at invoice and the dealer offered invoice+200. We signed the contract, which took less than 15 minutes. I think many dealers would sell 08 model at 4% profit, which is invoice plus 200 to 300$. Greedy dealers will go for 5%.

isellhondas

A lousy 5% profit is now considered "greedy"??

shellyrmt

Offer from Larry Miller Honda (Murray, UT) - 2008 EX-L w/o Navi for $26105 (includes destination) - Internet only price.

Offer from Smith Honda (Idaho Falls) 2008 EX-L w/o Navi for $26957.

Offer from Burt Kuni (Denver) 2007 CR-V EX-L w/Navi for $27213.

Offer from Ralph Schomp (Denver) 2007 CR-V EX-L w/o Navi for $25696.

I'm still holding out for a 2007 EX-L w/o Navi for $25K.

Best of luck everyone!

szer

I think you may got the wrong vehicle here... The 08 are not even out yet... I am still waiting for mine... furthermore, your $595 dest charge is totally wrong... its now $635? Maybe the pricing in NY is that, but in IN, getting a decent +5% profit is already a "luxury". A good example of a greedy dealer is those who insists sell at MSRP. carbuyingtips.com said abt 3% being just enough to cover for overheads and 5% being the reasonable profit point for both parties. I got mine close to 4% though..maybe ard 4.5%

For info.. certain dealers in Indy already sold some before they got into their lot

adamantli

I think i am old enough to tell the difference between 08 and 07. Plus I asked the sales man couple of times why the stick said MPG is 20/26 for the CR-V I tested. For all 07 model it is 22/28. I am not showing off I got better deal since we are from different area. But I do want to point out is that 08 model is not that hot. It's just my 2 cents to feed back to this forum.

nabors

Since a couple people have mentioned it, what do you all think about the carbuyingtips.com formula of buying any car based on the ACTUAL dealer cost - invoice minus the holdback, which according to safecarguide.com, for all models of Honda cars is 3% of the base MSRP, minus incentives, of which I don't believe there are any on an '08 EX-L. So invoice, minus holdback, then 5% profit added, then destination.

Following this formula for the '08 EX-L, the figures would be as follows:

Invoice - $ 23,709
Holdback- - 765 (3% of MSRP of $25,500)
Dealer profit- + 1,147.20 ($22,944 x 5%)
Destination - + 635

Total before
T&L&doc fees $ 24,726.20

The site claims if you offer this amount with the calculations described, many dealers will JUMP at the chance to earn the 5% profit.

How realistic is this?

adamantli

i do not have experience for 08-EXL model. but the dealer I visited offered me 22999$ for 08-EX model, and that is the price before negotiation. I was sure he would like to low down another 100 to sell the car. But my budget was to get a LX model.

szer

first thing first, I believe that Honda has a 2% holdback(no matter what edmunds said, it may not be true)It's last revised in 2005 and other websites mentioned something like 2% and some others 3%... It's a divided opinion. Carbuyingtips.com didn't specifically said that dealers will JUMP at the offer. It's just that it is at least a realistic price that you could take a look at. Holdback can only be seen as a profit if the car is removed from the lot in the first 90 days( it decreases every day). Therefore, you could say that your equation works in favor as long as dealers are willing to have a win-win situation. Many won't accept it but some will. I, myself, gotten lower than the 5% recommended.

nabors

I guess it depends on your definition of "jump." Per the paragraph below from carbuyingtips.com, it sure infers dealers will be extremely happy, maybe jumping up and down, on the 5% profit formula:

Your Offer: 5% Over Dealer's Actual Cost
That's 5% over dealer's cost, not over invoice price. They'll gladly take 5% profit, dealers survive on 3%. I've verified this with salesmen. Grocery stores earn 1-3% profit. This 5% profit pays dealer overhead and sales commissions. Dealer expenses include rent, utilities, salaries, loan interest, etc. If they use cost controls, and low rent, their cost of sales is less. Many dealers charge ad and dealer prep fees to make up for costs. They get incentives if they meet sales goals, which offsets expenses. They make a killing on buyers not as informed as you and I. Tell them they'll make up for it on the suckers. Explain the big picture, that they'll also profit by servicing your car. It's important to know what happens on the dealer's end. One dealer told me they averaged $198 PRE-tax profit on new cars, after $140,000 in monthly expenses from selling 50-100 cars a month. I'm not saying don't give them profit. They have a right to profit and be wealthy. Just don't give them too much. While you are feeling sorry for them, paying MSRP, being broke from car payments, the dealer moves into a $4 million house on the beach. They'll profit plenty from you, especially if you trade in a car. They make profits from trade-ins, credit insurance, finance, parts, extended warranties, rust proofing, body work.

szer

Like you said, it's a general broad perception. While he specified the use of the equation, the writer DIDN'T specifically pinpoint the equation to be successful in a Honda negotiation. Buying a car is like going in to a market. There's not really a price that we could say it's good or it's bad. It's all about demand and supply and how certain states have better dealerships than another.

kjf2

For '07s, I think its possible at that price, for '08's that seems low by several hundred, but the market determines the price. Walk into a dealer and make an offer.

Less than two weeks ago, I offered 25,000 for an 07 EX-L 4wd w/o navigation, (+Tax/title) and the dealer accepted the deal. The Edmunds invoice for that car before destination is $400 more than the '08 2WD EXL that you are looking at.

Read earlier postings on this forum during the past month, a number of people have gotten or claimed to have gotten '07 AWD EX-L's w/o nav for 25K.

isellhondas

Are just about all gone at this point. At least around here this is the case.

rig9896

I want to know what i should pay for this vehicle. The MSRP is around 29,000. What is a good price to offer. What is their invoice.

szer

You want to know why the MPG changed? It's because of the new EPA standards! "OLD MAN" I never said i got a bad deal, so what makes you think you got a better deal? And what makes you so sure the 08 i not a hot model? Over in Indy at least 2 of the dealerships i contacted already sold the color tha i wanted You do not own an 08 and You are not even an official Honda analyst, therefore, don't whine about the 08 being not HOT at all.

szer

i just have to agree with you on this.... people are just being unreasonable with Honda here. "08 is not a hot vehicle"... then why do you even consider the 08. WHAT IRONY

adamantli

i do not want to know why the MPG changed, and I never said I got a better deal. i told you more than three times we are from diffrent staes. You accused me talked the wrong vehicle for the price paid and I think I should explain, in order not to misleading other readers. To discuss anything other than price paid is a waste of space in this forum.

trinity3

FYI~

Joyce Honda in Denville, NJ is offering the 2008 HONDA CR-V EX-L AWD w/NAV for $27,533 (internet quote).

I not sure how close you are to this dealer, but I wanted to offer the information.

Thanks, Trin

rig9896

Thank you very much.

Steve

beebee13

We also noticed the change in the MPG info. Is it because of the new MPG sticker? It's their "out" since not many drivers are getting what they were promised. Just a thought.
We are getting the '08 CRV EX-L 2 WD. We are in so. Cal area, and my husband and I are just deciding on the options we'd like.

afb1305

I have an internet offer for a 2008 CR-V LX with fwd, totally base in Glacier Blue Metallic with a black interior. The offer is for $20,667. The internet salesperson says that at this price, he's making a $600 profit and that's as low as he can go. I'm trying to get him to $19,995, the MSRP for a Nissan Rogue which is what I originally wanted to get. Do you think I'm being unrealistic? Should I take the deal?

pete22

I am in So. California also. As far as I can find no one has the 2008 EX-L. Is there someone who has them in stock.

nabors

Are the floor mats included in the purchase price or are they an additional accessory?

Additionally, what exactly comes with the basic "Protection Package?" I believe it's wheel locks, mud guards (what exactly are mud guards anyway?) and rear cargo tray - is that correct?

For this package, what is the retail cost and what is a more realistic negotiated price for it?

adamantli

i think it is a reasonable price since you offered 200 over invoice. but that depends on the area, and the most important thing is the dealer has the model in stock.

afb1305

For the 2008 CR-V LX, I'm not particular about color at all. I just want the best price. If the internet salesperson's offer is reasonable, then that's fine. I just don't want to end up spending more than I have to. This is at Richards Honda in Baton Rouge, LA. I went to the lot on Sunday when it was closed to see what they have in stock, and I think there were about 4 or 5 all base models that still had some of the wrapping on them. So unless they were reserved for someone, it seems like they had plenty.

leeyu01

Hi adamantli,
First, congratulations!!! I need to buy a CR-V LX 4WD. Yo have mentioned that 200 over invoice (20370+595+500) = total: 21665 + tax + doc. Is it LX 4WD, right? If so, could you share the dealership name and city where you purchased it?
Thanks in advance,

adamantli

the dealer is at nardy honda at long island.

adamantli

for 2008 CR-V LX model, 200 over invoice is 20092.

firefighter75

This is what I have come up with so far for 2008 EX - L, WITH NAV & DEST CHARGE:

Does this seem like a good price. If I started contacting all the dealers I asked for pricing from I could go lower but is it worth the time. I could also get the extra stuff on-line.

A dealer west of Chicago $27,434. inc dest chg

Rear Tailgate Spoiler $390
splash guards $63
all season floor mats $139.

Document Fee - $58.48
Sales Tax - $1,812.36
New License Plates - $143
Total Cost - $29,837.84

zeen

My dealer is holding an 08 EX for me but we now would rather have the 08 EX-L. Dealer says they are not scheduled to be built until 10/30 and likely won't be available until late November. Does that seem right or are people seeing them on dealer lots?
Thanks

mikeamei

Dealer also includes some accessories like: mud guard, print stripe, car care kit, all season mat. Sale tax 6%, Doc fee $499 (I think this is too expensive), Destination fee: $635, So the car, including the mentioned accessories, is about $19418 before any fee. Is this a good deal? Thanks.

oldbob

A search around my area LI,NY, shows no 2008 EX-L availability.

pete22

I am in So Cal. They told me that they won't be around until another 3 weeks (the end of October). So it is pretty true. Had alot of dealers tell me they had them in to only act surpised they weren't when I came in. I plan to buy from one of the dealers who told me the truth instead.

suvgir1

I gave a $500 check deposit to the dealership so they would hold the glacier blue for me when it arrives... i got an offer of 20335 (includes pro pk) + TTL for a 2008 LX. i asked if it has keyless bcause it does not mention on the webpage, salesperson said yes. my question is.... if it does not have keyless entry and the pro pk that they mentioned, can i still get my 500 deposit if i decide not to purchase? I haven't sign any sales contract yet, just the credit application form and the four square paper. also, does the 20335 include the destination charge? thanks?

mnf

You should ask them and get it in writing also a deposit will not guarantee that you get the one they say they are holding for you. If a different customer comes in and they can sell it for more than you offered guess what . Now if you have a hold on one with a VIN number that is in transit then you have a better chance of all being true.

Good Luck..... MNF

crv139

Got Cr-v $500 over invoice for a total of 23591.71.. Traded in 2006 CR-V EX $20520. ( only paid 22400- 06) for a total out of pocket expense of $3077..

Also will be getting honda care from a dealer in MA for 350 Zero deduc 5 years / 60,000 miles.

chivas1

I got quotes from 2 dealers for 07 CRV EX 4WD w/o NAV; Anderson Honda price is $22,400 b4 taxes and fees ; El Cerrito Honda 23,200 b4 tazes and fees; are they good offers? Anyone in the Bay Area get a better deal? Thanks

jerseyshop

Paradot, I am in the market for same plus AWD and am also in NJ. Could you post any details re town/dealership/ etc? Thanks.

suvgir1

i think its a good deal. i just spoke w/ a salesperson today from another dealership, he's saying that the 20335 + TTL quoted to me by the other dealership is not true, he's saying its too low. so i guess your 21700 OTD is a good deal.

derkombiwagen

I believe a little research would expand your potential for a great price; I contacted several dealers in the Tri-State area (IL, IA, WI) prior to my purchase. I found that most would congregate in the same price range (somewhere around MSRP) and that there was only one "diamond in the rough" Valley Honda, Aurora (IL). Their offer was for invoice + a few hundred dollars - I'm sure you might get a better deal in order for them to clear the "07 inventory from their lot.

I used the Fighting Chance method that is sold by Larry Bragg (Google) and it seemed to work well. Auto-buying methods proved to be a waste of time (i.e. Costco, Sam's Club, etc.) Larry Dulik provided me with this offer after providing him with my FC sheet detailing exactly what I wanted and listing the MSRP/Invoice prices for the specific vehicle with DIO I wanted. I also requested what the hr. rate was for install of accessories.

I recall looking in a forum to see how individuals rated dealerships and it turns out that there is much truth in their replies. I would recommend calling Larry Dulik at Valley Honda (Aurora, IL) to see if you could get a CRV at invoice. I tried several in the Chicagoland area and nobody was close. I tried four in IA (DBQ, CR, IC, DesMoines) without luck and I also tried Madison, WI.

I can provide you with more information if you wish.

vmorhaim

leeyu01,

When you say 20370+595+500 = 21665 what does the 500 represent?

derkombiwagen

If you are shopping west of Chicago I would recommend Valley Honda; I dealt with Harry Mulik (substitute L & D). This dealership was the only to price around invoice. What department do you work for?

firefighter75

Thanks!

Glen Ellyn

derkombiwagen

Let me know if you have any luck with Valley - Larry is off today but he will be in tomorrow. I'm w/NFD.

firefighter75

I have already talked with someone that works in their internet sales department and they seem easy to work with. I do not enjoy the car dealership experiance so the internet is the way to go for me.

Thanks brother.