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

happa

just about to buy an 08 crv ex and am told the lowest i can get is 22,927 without taxes, etc. is this a good deal?

g719

Not really interested in another vehicle. A similar X3 is listed at just over $50,000-.
The highlander is too big. I like the CR-V over the RAV-4. Don't want a Ford, Chevy, or KIA or other junk. I like the fact my passenger can input addresses into the NAV without having to pull over( RAV-4).
The reason I posted here was to see what others were paying for a similar CR-V.
The dealer I spoke to is giving me, I think, about 30% off on options and accessories, but isn't breaking on the MSRP.

sparklinks

If you are in Boston Area go to Boch Honda, they can give it for 21,800 atleast

notdave

always request out the door pricing. i had a previous post on here for otd 24,289. my tax rate was 7.75, dmv was 225, doc fee was 55. not the lowest posted on here but was the best i could get personally.

mquillen

Osasap, I think your last message is in response to the dealer costs I posted, and the fact that I stated dealer cost should be the price target at this point in time, or thereabouts. That was because I felt some buyers weren't getting the deals they should be getting on 2008s. Some of us analyze this stuff to death, and we incorrectly assume all do. Regardless, there will always be someone somewhere with a lower price. However, the trade off might be not getting the color or trim level that you want. Also, I don't know what area you are in. Some areas are clearly more competitive price wise than others. Enjoy your car, you got an OK deal.

mquillen

On the Honda SUV forum, a poster made a post about a Honda incentive of $1200 off INVOICE on CR-Vs, and also the 1.9% to 3.9% financing deals. The financing deals are well publicized, but this is the first I've seen of the $1200 off INVOICE. That would be about $500 below dealer cost on an AWD EX model.

kipperdog

Just got my 08 CRV AWD EX today in Ohio. The OTD price is 24438 with 1.9% finacing.

mquillen

If my calculations are correct, that would put sale price of the vehicle, assuming no accessories and no vehicle trade, at about $22,642--about $239 over dealer cost. And that attractive finance rate saves about $1K over 3 years, compared to a market rate loan. Not a bad deal.

mquillen

American Honda has announced they are raising MSRP on all models of the 2009 CR-V by $395. That's an increase of about 1.9% on a 2wd LX, and about 1.39% on the top trim level 4WD EX-L NAV. Destination will remain at $670. The MSRP increase should translate into raising dealer cost by about $370.

Honda appears to be taking advantage of the CR-V's position as the market segment leader.

isellhondas

I don't think Honda is taking advantage of anything.

I think they have simply adjusted their prices as their suppliers have.

I understand , as an example that the price of steel took a sharp jump in price.

mquillen

Isell, I disagree with your assessment. First off, according to my sources Honda did not have steel contracts coming due this year for their US plants . The mills have passed along some surcharges, however. Secondly, Toyota is also feeling significant cost imact, but they've left their base model pricing the same as that for the 2008 RAV 4. Honda pricing is higher across the board. If that isn't taking adavantage of their market leadership I don't know what is. This isn't a slam against Honda--it's just business. Honda has very successfully established the CR-V as THE premium crossover within the moderately priced segment.

isellhondas

Prices are up on everything, not just Hondas.

mplshondadlr

Say for example Honda buys 100,000 audio systems for $200.00. This year they have to buy another 100,000 audio systems, only the supplier now sells them to Honda for $210.00 - or a 5% increase. Think tires and plastic for example. Each contain petroleum - and we all know what happened to the price of petroleum.

Now couple that with the thousands of other supplies that go into each Honda, and you begin to see a trend. Honda to consumer pricing may have gone up less then 2% but their actual production costs may have gone up 5% or more.

So are they taking advantage of market share? No. They are simply doing what every business does; passing higher expenses on to the end user.

buy_car

The best i got so far is $20,500 + tax + title + Reg. What should be my offer?

crvbuyer2

Has anyone purchased a CRV AWD EX/L in Colorado recently? If so, what was price paid before taxes and reg. Please provide breakdown.

Thnx

hondalicious

Dear knowledged members of the forum,

I'm from downtown Boston, MA and am in need of some real guidance: I'm about to pull the trigger on a lease for a 2009 Honda CR-V EX-L. The (somewhat challenging and complicated) facts:

My current situation:

~ 2006 Honda Civic EX w/Navi (top trim line at the time). Zero down, $309/month all inclusive. 48mo/12K mile lease. Out of warranty now.
~Buyout was $10,000 at lease end
~ currently have 38,200 miles on it with 18 months left in my lease, so i'm over my mileage limit projection.
~have about $1000 of bumper damage (hit a concrete pillar while parking, not reported to insurance yet as it would knock $500 out of my pocket for a deductible, and slam my premiums up about $300 a year for 5 years, as I am currently a perfect step 9 driver: total sunk cost of $2000 over 5 years).

My offered situation:

~ the new 2009 Honda CR-V EX-L in Taffeta White, 36 month lease/15K miles.
~ $330/month, $350 due at signing. all taxes, fees, doc, dest, plates rolled in.
~ Immediate buyout of my current lease, no reporting the damage to insurance (they'd fix it themselves).

YES, I know that you can't judge a good deal based on monthlies (shame on me for dealing in that way!), which is why i come to you all for advice. i've been trying to reverse calculate the OTD price using the great lease calculators on Edmunds and provided by you great folks, and would like to know if any of you (especially Car_man, who seems to be an authority in this department) know the September 2009 CR-V EX-L money factor and residual and invoice price? Or can someone help me figure out if this deal looks good?

am i parting with my leased civic for too little, or should i just pull the trigger and walk away with a new car with more miles allowance? the way i feel, my "trade" leverage is limited because of the damage on my car... but i also would be happy with a solid deal. Bottom line: am I getting a good deal?

Any help would be really, really great.

kyfdx

The lease deal on the new one would be good, even without getting out of your current Civic lease.. (assuming this is AWD model?)

They must be thinking they can make money on your Civic.. but, if they can, more power to them... You aren't going to be able to do that... Be glad you are getting out of the lease...

Two things to look out for: Make sure they are buying your Civic, and paying off the lease.. And.. make sure your new lease is through Honda Finance..

regards,
kyfdx

hondalicious

Yes, sorry i forgot to mention it: 2009 CR-V EX-L 4WD. The new lease deal isn't too bad then? Thought $330/mo was a bit high, but the bump up to 15K miles in combination with the decrease in lease terms (down to 36 months from my 48 month Civic lease) seemed too sweet to pass up... been with the dealership for about 5 years now (two Civics: best cars ever), so i'm almost inclined to believe that they actually care about keeping me as a customer... almost.

I currently lease through AHFC... and the new CR-V will be the same AHFC. Thank you so much kydfx for the reply (and peace of mind, despite me breaking the cardinal rule when bargaining for leases). I'll be sure to keep an eye on the paperwork to ensure they're buying out my lease and not pulling the funny business.

One more question: do I still need to know the money factor/resid/invoice of the 2009 to solidify this deal and pull the trigger? Or should I sign before they change something on me?

kyfdx

It's always good to know the selling price, money factor and residual of the car you are leasing...

But, in the end, you are renting the car by the month.. All things being equal (term, mileage allowance, money due at signing), then the most important number is the payment!!

I'm sure used Civics are valuable... But, your Civic has $1000 of damage and you are going over your allotted mileage. The dealer may make money on the vehicle, but I doubt you could. Not only that, your car is now out of warranty. That's a $28K vehicle.. A lease payment of $330/mo. for 3yr/45K including tax is a great deal. CR-Vs aren't famous for having good lease deals, and this is one of the best I've seen..

I don't know the current MF/residuals for the CRV, but I know there aren't any screaming lease deals, or we would see posts everywhere about them..

Be glad to get rid of that Civic, and be happy that you've locked in a decent payment for the next three years on a pretty nice car!!

regards,
kyfdx

mquillen

With all due respect, I used to be a purchasing manager for Honda of America Mfg., so I DO get it. I know how Honda negotiates their parts pricing as well as their raw materials. I also understand Honda's year over year "cost down" goals. When you consider Honda's considerably lower amortization costs (because of their volumes), and their purchasing strength in the industry, I assure you, they are taking advantage of their market position. Of course you're entitled to your opinion.

thompsonhkay

Planning on Purchasing this vehicle this week.

Ask for OTD Pricing from dealer with roofrack option, this was what I was quoted:

21,196 Sale Prices
119 Service Fee
1,193.64 WI Taxes
93.00 State transfer fees

Total 22,601.64

I want to make sure I am educated on pricing when going in to discuss.
Any feedback on whether this is in range with fair pricing? How much better can I do?

Thanks!!!

mquillen

The roof rack is bolt-on and is easily installed in less than an hour. It can be had on-line for about $200, which would put reasonable installed retail at about $280 - $300 max. An '08 LX AWD can be purchased in many regions at close to dealer net/net cost, or about 20,400. That would put your vehicle price including the rack at about $20,700. Some people have done better than this price. If you can get the color you want within a couple hundred of this price (including the "Service Fee") I'd consider that a good deal at this point in time.

free888

Either find another dealer or go get a 2008 RDX Nav for a little over $30k plus taxes. You'll still be getting a Honda, and saving some money. That price is wayyyyy too much. If you're planning to spend that much money, premium gas shouldn't be an issue.

mplshondadlr

"With all due respect, I used to be a purchasing manager for Honda of America Mfg." [emphasis added]

With all due respect, I used to be a teenager, that dosen't make me a Jonas Brothers expert.

Of course you're entitled to your opinion.

icedude

Yes, purchased a 4x4, EX-L at Markley in Fort Collins for $25,278 plus taxes only. Use the internet sales dept: http://www.markleymotors.com

Honda of Greeley and Frontier Honda in Longmont had good prices as well. Let them compete. Locations in Denver wanted a lot more and were rude.

iowa_audi

White '08 CR-V EX-L with wood-look trim, all season floor mats, and rear armrest tray from Lithia Honda in Ames,IA

$27959 + TTL

Good deal or worth looking around some more?

thompsonhkay

Thank you, appreciate the feedback!

mquillen

Not a good deal. $27,959 would appear to be close to MSRP, which makes no sense right now. An '08 AWD EX-L can be had under $25K in many regions at this point in time. If that's all that is available to you (some areas don't have many dealerships) it would be better to wait for an '09.

If you are a DIYer the wood kit, which I just installed myself, can be had for under $200 on the net. Although it's a little tricky, it's not difficult--just requires a steady hand and 45 minutes to an hour. If not, $280 -$300 installed retail is a fair price. Also consider the internet for the rear armrest tray. It sounds like the dealer is charging dearly (or would that be dealerly ) for these accessories.

Lastly, unless the Honda all weather mats a a really good deal, you might consider the WeatherTech floor liners--better product. Honda's cargo tray is better, however, if easy access to the cargo loops are needed.

sidsidcrv

Hi guys!

This is my first post! I've never bought a new car before so i have lots of questions, i'm a total newb and need help. I'm ready to buy a crv this weekend and just started getting in quotes from dealers. so far, the lowest i am getting is 23,091 which i am told is invoice plus destination fee. now here's where i'm confused, if i ask for less they say they cant do it because they "cant" go any lower or they lose money. where do i find the actual dealer price the dealers pay for these cars, all i can find is invoice? and the dealers say they lose money if the sell below invoice. but that's not true right? they lost money if they sell below dealer's cost.

the post by mquillan on page 379 of this thread says we, as buyers, should be paying close to actual dealer cost which at the time of the post on sept 1st was: EX AWD $22,403 according to the poster. i said i wanted to pay 22,800 and the reaction was like i told the dealer his mother is ugly.

so, what should i pay for a 2008 crv EX 4WD ? the accessories i want are spoiler, cargo tray, fog lights (though can honestly live without these for a while) and front mud guards. i'm getting quotes from 900 - 1200 for those accessories including install. i just haven't a clue how to get that 22,400 price and now that i read its what i should shoot for, i really want it!

edited to add: i'm in the seattle area, is this not a great area to get a good deal?

alamocity

What dealership did you buy it at?

isellhondas

Yes, this is a good time to get a great deal on a 2008 CRV.

They are not, however, distressed merchandise and a dealer isn't going to lose money selling you one.

maybecrv08

What is a realistic (and good) price range to pay for a 2008 Honda CRV EX-L this late in September? I hear the 2009 models should be coming out next month. I live in a suburb of a major city and there are several Honda dealerships in my area. WOuld it be worth it to wait a few more weeks to see if the prices will drop even more?

sidsidcrv

so would 23,091 be a good price to pay for an '08 4WD EX CRV in the Seattle area? this is including destination.

isellhondas

Deals won't get better.

What will happen is the selection will get picked over and you may have to settle for a color or model you don't want.

Believe it or not, prices will RISE as inventories dwindle. Happens every year. Don't outsmart yourself on this.

thompsonhkay

Thanks for the feedback!

I ended up purchasing a 2008 CR-V EX with roofrack options (WI)

OTD Price 24,500 with $2000 trade in = $22,500

My car wasn't even worth 2K -- so was thrilled with that.

I used alot of pricing off of this site to base my neg. on!
Very thankful for this site, it let me walk into this alot more educated!

Just thought I would leave some final notes on the pricing!

mquillen

Sidsid, if the $23, 091 price includes your roughly $900 list of accessories, that would be a great price, but I doubt it does. Keep in mind, I said the target should be within a few hundred of the $22,400 price. That takes into consideration things such as doc fees, etc. If the doc fees aren't providing much profit to the dealer, then $22,700 - $22,800 would be an OK price, especially if you can get the financing incentive. Keep in mind, the AWD EX is the bread and butter model. These will be plentiful in the '09 model, and will be available for around $300 over invoice, or about $23, 800 most everywhere in the US, with a little effort. Only you can decide how much you're willing to pay for a vehicle that is one model year old.

mquillen

Thomsonhkay, glad it worked out for you. Congrat's, it sounds like you traded up .

sidsidcrv

thanks for the info mquillen! i guess my huge problem that i'm having is i am having trouble getting anyone to sell for less than 23,091, and no that price does not include my list of accessories. the doc fee is $50.

iowa_audi

Dealer won't budge below 26650 (not including TTL). Should I throw in the towel and pay or try somewhere else?

mquillen

Sidsid, given that the doc fee is low, a higher target base price is acceptable. Your price is essentially invoice price (not terrible, but not great at this point in time). How many '08s are available in your area? How many dealers have you shopped? Are there any '09s on the lot? As we approach the end of September there will be some good deals. The financing deals being offered allows the dealers to be firmer on pricing, but great deals can still be had. If you can't get the preferred financing, however, at the price you're being quoted, I think I'd wait for an '09, unless you have to have the car right now.

mquillen

Iowa, in the middle of the model year, the $26,650 price you're being quoted would still be at least $$650 high. Now, it's ridiculously high, by at least $1,600 or more. An '08 AWD EX-L is just not worth that at this time, even with the preferred financing. The financing does make a difference though, and can be about a $1000 savings over the course of a loan when compared to market rates. So that should be taken into consideration at some point in negotiations..

bpraxis

Hello everyone and I hope that you are having a very nice day.

We are interested in purchasing a new 08 Honda CRV EX AWD now.

There are two dealers in our city and their inventory appears to be not moving over the last month. One dealer has 29 CRVs and the other has 12.

The best offer so far is $23,300.00 which means we should probably wait till the end of the month for the 2009 CRVS? The internet manager tells me that his cost on the unit is approximately $23,100.00. My offer was $22,500.00.

The offer does not seem worth eating a year of depreciation. We have to consider the price increase for 09 also which we have not seen. My feel for the market is that the local economy is struggling and Honda may have to offer more of an incentive to move these cars.

Any input would be greatly appreciated.

acurafan8

Thanks to this board, I just took home a CR-V EX-L w/navi for 26,400+ TTL. I tried to go 200 lower without success. I shopped another dealer in the area and the best they could give me was 400 over dealers invoice (costco discount). Castle Honda in Morton Grove, Illinois sold me the car. A young Asian guy there was the best salesman-no pressure.

sidsidcrv

mquillen, i shopped 7 different dealers that were willing to give me written quotes online, and then i talked with three of them and narrowed it down to one that i felt i could work with. really liked the guy! i'm very happy. there seem to be plenty of crvs in this area, but not too many in green tea which i ended up liking more than the glacier blue. i paid the price because that was the best i could do around here and i worked hard! but like i said, i'm very happy can't believe the thing is sitting in my driveway right now!

and there were no 09's on the lot that i know of.. i haven't seen any 09's but i haven't really been looking for them. i bought from the highest volume seller and loved the customer service, and we qualified for the 3.9apr.

thanks so much for your help!

edited to add: the dealer also works with costco and i got "the costco" price. so that's cool, but i wish i had thought about that before because i worked hard for that price.... and i'm a costco member. live and learn.

shudgls

I want buy a 2008 CRV 2WD LX,who know a Dealer near San Francisco or seattle that can sell CRV to Canada without register in USA?Thanks!
I have called some dealler ,but they can't.If you know,Please tell me the phonenumber or web.

tidester

You may want to ask your question in the Importing Car into Canada from US discussion.

tidester, host
SUVs and Smart Shopper

mquillen

Sidsid, you got an OK deal, especially for the hard to find color that you wanted. It is almost always worth paying a little more to get exactly what you want. Some pay a little more, some a little less. The information here is just that, information. You use it to get as close to a fair price as you can reasonably get. Then you have to pull the trigger and be happy with your choice-- I'm sure you will be.

mquillen

Acurafan, great price, especially if you got the preferred financing on top of that. That's about $200 over the dealer cost, inclusive of holdback.

mquillen

Bpraxis, the internet manager seems to be quoting his invoice as dealer cost, which might be the case if he's been sitting on his vehicles very long, as his floorplan financing eats into dealer holdback. Sorry about his luck if that's the case.

Many "internet managers" are given prices they can quote, and they are seldom the lowest price available. Sometimes you have to go around them. One thing that does have to be taken into consideration at this time is whether or not you'll be taking advantage of the preferred financing. The 1.9% for 24-36 mos, or the 3.9% for 36-60 mos. can be a savings of over $1000 compared to market rates. I'd still be hard pressed to pay much more than $22,800 for the model year old vehicle, unless it's for a color that is in short supply.

mplshondadlr

As a dealer in Minnesota I get this question several times a year. American Honda will not allow border states to sell new Honda vehicles to Canadian customers. I highly doubt a dealer would risk losing their dealer agreement with Honda to sell one additional car. Besides, why would you want a brand-new car that does not come with a warranty, as the warranty for cars built for American consumption is VOID in Canada.

Here in Minneapolis we have found a way around this by buying current year factory demos from Honda. These cars have about 6,000 miles on them and are considered used cars. Honda has no specific rule in place about selling used Honda's to Canadians. Since you'll be importing the car to Canada, the warranty will be VOIDED, but most dealers will have an after-market warranty available that is valid in Canada.