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i am looking at CR V EX-L 2WD with navi model in the Orange County, Los Angeles and Riverside areas. i am interested in what people are paying and the final out of the road price.
thanks
They, too, could not find the FWD unit we wanted, and were unwilling to drop the price on 4wd untis, as they did not have very many EXLs on hand or coming. They found some transfer cars, in third choice colors, but it added $200 plus to the price and they were all many months old. They handled all this dealing very cordially and professionally.
On a whim, I asked them if they would make a deal now on a "to be delivered" 2009 when they became available. I figured there would be very little chance of them wanting to do it, as they didn't have any allocation info or pricing yet. They surprised me and said they would do such a deal, and it got even better when they agreed to do the deal at the same price as a 2008 model they had on hand that was the wrong color. We did agree to pay any difference in MSRP and/or delivery charge between the 2008 and 2009, as that seemed only fair. This worked well for us, as we don't need the CRV till the end of the year anyway. They said they can't change allocation models, but will be able to choose color, so it should be an early one. Probably will show up in October or November.
Our salesman later told us that the sales manager had stated that "why wouldn't he do the deal?", and thinking about it, he is right. He was looking at getting a FWD (no choice, allocated) that woud arrive in Minnesota in the winter. It would sit on his lot until, at least, spring, with him paying interest on it. Then he might be able to sell it for about the same price as he is giving us. Makes a lot of sense when looking at it that way, and we get one right off the truck with no lot time.
As it ended we are as follows:
2009 CRV EXL, FWD, Glacier Blue $23,951 delivered
$50 doc fee
sales tax
License
no other costs
For us, this was the ideal solution to our search.
The only minor thing I might have tried to do differently is limit any price change to invoice price, not MSRP--sorry, just a nitpick.
It's going to be interesting to see what Honda does with 2009 prices. Although we have a very inflationary economic environment, the Big 3 automakers are hemorrhaging money and can't hardly sell their big iron even at heavily discounted prices. Honda is usually a very prudent and politically insightful company, and excellent on cost control. In a market where huge discounts are looming all around, even on Toyotas, Honda might determine that holding the line on pricing for 2009 as the prudent thing to do. The upside is more good press with a message that Honda is further helping their buyers cope with high gas prices, and likely a further increase in market share. The downside is perhaps a little lower profit in what will assuredly be a down year anyway.
Honda never has "cash rebates" but from time to time they give dealers incentives on cars they have a lot of.
CRV's seem to be in strong supply right now so I suppose Honda could offer incentives but I kinda doubt they will. If they do, it'll be the first time they have done this on CRV's.
Yes, they are 1200.00 more, but on those rare days you may need 4WD, won't you be glad you have it?
And, when you finally go to sell it or trade it in you will find it's nearly saleproof.
Most stores don't even order any just for this reason.
A much different story in California and other places.
http://www.vtec.net/news/news-item?news_item_id=779551
Of course, all of this is in addition to the problem of folks thinking it isn't very slippery, because they can start out well with the 4wd, and over driving the conditions. But, that isn't the 4wd drives fault!
The CRV is somewhat better than some,as it is primary front drive without any power to the rear, thus preserving rear traction, but it can still happen. For instance, if you are accelerating up a cloverleaf ramp and hit a slick spot. First you would get a bit of understeer as the fronts broke loose and spun. Understeer is pretty controllable and pretty slow to develop. But then the power would go to the rear and could make them go loose when combined with the turning force. That gives oversteer that can make you swap ends, especially if the fronts grab again as the power to them is reduced. VDC will help this a bunch, but all it really does is defeat the 4wd effect, and put you back to fwd or coasting.
I know there will be lots of folks who disagree with me on this, and that is fine. Everyone is entitled to their own opinion, but you sure do see more 4wd vehicles in the ditch than you do front drives when it is slippery. I remember a few years ago, one of the local tv stations had a camera at a very slick spot on the freeway. There was not a lot of traffic, but cars would go through, wobble a bit and keep going, but when 4X4s hit it they would be full sideways or around, in many cases. The very short wheelbase stuff was by far the worst. Luckily, it was in a spot where they didn't have anything to hit, and most didn't even get into the ditch.
As far as resale goes, it really isn't an issue with us as we keep our vehicles until they are dead. This CRV will replace a car that is over 16 years old and over 200K miles (fwd and had always made it to work in all weather).
If we felt their were real safety benefits, the $1200 wouldn't be an issue. Even by the time you throw in more complexity and possible problems, and the very slight difference in mileage, the cost of 4wd over the life of the vehicle is very small. Our choice was based on fwd being the first choice, not the second choice chosen to save money. That is why it seemed very silly to pay even more than the $1200 (because of the less discount) for an option that we preferred not to have.
My understanding was that you don't really have a choice in getting some 2wd units. The dealers I spoke to said they come as an allocation and they only get to chose color sometimes.
I was also told that the lowest money factor that Honda Financial gives is .0028, which seems high compared to other companies. Again does anyone know if this is really the case?
It just seems to me that a $340 lease on a $22400 car is really high, but maybe I'm wrong.
Any help is much appreciated ... I am looking in the LA area if that impacts anything
This is true for any bank, not just Honda Finance.. The bank sets the residual.
I was also told that the lowest money factor that Honda Financial gives is .0028, which seems high compared to other companies. Again does anyone know if this is really the case?
I'm not familiar with the numbers for the CR-V.. You can ask in the Honda CR-V Lease Questions forum.. But, banks usually give the dealer a "buy rate", which the dealers can then mark-up for extra profit.. Not sure if that is the case here. I will say that in the past, CR-Vs have never had great lease programs, as they seem to sell well, without incentives.
It just seems to me that a $340 lease on a $22400 car is really high, but maybe I'm wrong.
That's the ultimate test of a lease payment. Is it high, relative to the MSRP? $340/mo. is definitely high, but not atypical for a CR-V.
Any help is much appreciated ... I am looking in the LA area if that impacts anything
If it were me.. I'd finance a CR-V, as the lease program is not that great.
regards,
kyfdx
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It may seem that I'm playing both sides of the street here as I just bought a Forester (for my wife). But I did that because my wife likes it and I got a good deal on it (about the price dealers here wanted for a FWD CR-V). The car isn't in yet and I'm already having buyer's remorse, lol. BTW, I drive an Acura TL and it has never been stuck.
http://www.hondanews.com/categories/1097/releases/4649
They list a monthly sales report on the 1st of each month for all their vehicles (Honda & Acura) for the previous month.
I am wondering if sales of the CR-V were higher last year at this time due to Honda trying to get rid of their 2007s before the new 2008s came out. Maybe I need to go back a few thousand posts on this thread to see what the buzz was about last year at this time.
I called two other dealers and only one was willing to match, but only with Honda's foreign leasing bank.
Any sense as to whether this is an okay deal?
The reason you see so many 4WD's in the ditch is because people seem to think they should be able to drive faster. 4WD's don't stop any quicker than 2WD's.
My dealership has had a FWD Whistler Siler EXL for 96 days. The average travel rate (days til it sells) on a CR-V is about 21 days.
The other thing to consider when purchasing a FWD is resale value - even if you intend to drive it until the wheels fall off. If for some reason you do decide to sell, there isn't much demand here in Minnesota for used FWD CR-V's. But the other reason is total loss. If you were to total the CR-V, your insurance may under-value your CR-V simply because it's FWD.
Lastly, the "Real Time 4WD" coupled with VSA eliminates most of the loss of traction you get when you transfer some available power to the rear wheels. Remember, it's only about 65/35 FWD to 4WD so it's not a true locked 50/50 4WD. My Pilot has the same 4WD (you know what I mean) as the CR-V and the transition is always smooth. I've been driving 4WD vehicles for 15 years and never ended up in the ditch. Just like everyone else here said, 4WD does not = better stopping. Just better starting.
Thanks!
My guess is if I can bring the selling price down, say to 20,300 (about 800 bucks below invoice), that would bring down the tax to 1,370. Adding Doc fee altogether would give me 22,000 out of door price. I am calling some other dealers to see if they would like to do that. I just want to make sure this is a good deal if I can get it. or can I even get this low?
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Hence will probably be picking up the vehicle tomorrow. This price includes the destination fee. The document fee in Wisconsin is about $120.00, plus the usual fees (tax, title, registration). If this scenario pans out, will add specifics on this deal in the next several days. Leaning toward the Royal Blue Pearl over the Nighthawk Black and the Whistler Silver.
$22,570 retail price
$21,040.06 Internet selling price
$299 etch fee
$499 Billing and clerical fee
$709.74 Tax
$16.50 title fee
22,564.30 Total out the door price
As you can see, their "Internet selling price" is right at invoice. In a previous discussion with this dealership, they said they would drop the etch fee if I did not want it. Also, if I "took delivery in the next 24 hours" they would knock off another $100. Luckily, our taxes on new vehicles is pretty low (3.25% at this dealership, based on the city they are in). So if I take off the $299 + $100 I could get an out the door price of $22165.30 right off the bat. I might be able to work their $499 Billing and clerical fee down a bit ( I guess there is no cap on these fees in Alabama). For us, we can wait until the 2009s show up which at that point I would ask the dealership to match the same deal they are currently offering. So unless Honda kicks in some extra "clearance time $$$" that is probably what we will do.
MSRP: 29,070
Selling Price: 26,867 (about $200 under invoice)
Residual: 58%
Money Factor: .002800
I know the lease deals aren't great now on the CR-V but I was happy with the negotiated price.
I was tempted to go with the extended warranty, but held back and will be hoping the quality of the vehicle will preclude any significant repairs through 7 years.
Please see my post # 7406 for more details on this transaction.
I expect to own the car for 3 to 5 years and then most likely trade for a new one although there is a slight chance I might keep it longer but have no intent of owning for 10 years and running it into the ground. Annual mileage will like be about 15k.
Given that the new models are coming out in about 10 days, can I please get some thoughts on the pluses and minuses of getting a 2008 (they are plentiful it appears in this area) or a 2009? I'm assuming there is a general differential I need to consider in price versus depreciation? Or...am I making this too complicated? I understand the only differences in the years is likely to be colors...a non issue for me.
Thanks so much.
I realize this isn't for everyone, but for some of those that are looking at EX-L AWD''s, it might be worth a look.
I am looking at an LX model, AWD.
Surprised to hear 2009s will be here this month. Most of what I have heard is new Hondas in late Sept, with the CR-V being one of the last models to show up at dealerships. We shall see.
First of all, unless you can get a great finance rate, you should pay cash if you can (provided you have 3 months of emergency savings, and you have no better use for the cash, such as high interest credit card debt). Of course another alternative is to use a home equity line if available, and write off the interest--not popular right now.
Second, why get rid of the car in 3 to 5 years, Honda's are good for 10 relatively trouble free years or 100k miles (people that have never owned a Honda often don't realize this). Take advantage of that. I do think many people buying used cars have a reluctance to buy a car that is at or approaching 100k miles. I'd plan on keeping the car 5 - 6 years based on your mileage and save some money--of course we all like new cars.
The '09 vs '08 debate is going to be dependent on the number of vehicles in your area and how willing the dealers are to, well...DEAL. As stated, stingy Honda didn't add any content to the '09 vehicle--apparently if it's not broken, don't fix it--can't blame them, I guess. A good price on a current model CR-V AWD has been around invoice (leather has had a higher relative mark-up in most regions, with dealers taking advantage of customers that aren't as price conscious). With 2009s on the horizon, $300 below invoice is doable and some have done better. The early 2009s will be selling for invoice +300 or so (once again, leather will be more). So we're looking at perhaps a $600 spread at most, IF Honda has no '09 price increase. For slower movers (i.e. FWD vehicles in the north, AWD in the south), the variance would be even less. By December the '09 pricing should be back to around invoice. Honda can produce the CR-V on the same production line as the Civic, which is selling big right now. If they curtail production in favor of the Civic as they've indicated they would do, pricing might remain very firm.
In short, since we now know there are no real changes with the '09 model, I think '09 over an '08 might be a wash, provided the '08 can be had for $300 or $400 under invoice. That is assuming Honda has no large '09 price increase, which would be hard to pull off considering they already carry a premium price for the content provided. The numbers I'm throwing around here don't include REASONABLE and customary doc fees, which vary from state to state.
First, I have lurked on this forum for a few weeks while trying to buy a '08 CRV-LX FWD with day/night mirror and I want to say thanks to everyone for the information provided on this forum...it was of great help.
Second, I purchased the CRV today in Atlanta, GA for an OTD price of $20,700 including day/night mirror.
I hope this information helps other get a great deal :-)
I am interested in purchasing a CR V EX-L FWD with Navi in Southern CA. Would like to know what prices people are paying (the net) and the out of door pricing? Input will be greatly appreciated.
Thanks.
Last year at about this same time, good pricing on CR-V's was at about this same level, but that was a model with a lower destination charge, and on the L trim level, without the dual zone climate control, the 270 watt audio system, and the 8 way power drivers seat. I think the current pricing we are seeing is indicative of the weak economy many parts of the country are experiencing.
A good price is a relative thing, as our friends in many other parts of the world will attest, given that the CR-V is a global product. There will always be a better or worse deal somewhere.
Every dealer is an independent business, with different overhead, different customer demographic and a different competitive environment. The cost of doing business varies with dealers that are across the street from each other, so we can all imagine how different regions of the country and the world must differ. The important thing is to get a "fair and reasonable" deal from the best dealer we can find. After visiting a number of dealers, I find it easy to tell which ones I'd be willing to do business with and which ones I'm not. I've come to the conclusion that some I wouldn't deal with at any price, and it truly amazes that some people do business with them at all.
As for me, my Forester isn't in yet, and I think I'm about ready to pull the trigger on a CR-V, which is fine by me. But it won't be easy to disappoint one of the best and most straitforward salesmen I've met. I'll let you know.