By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our
Privacy Statement, and you agree that your use of the website is subject to our
Visitor Agreement.
Comments
On the other hand, you can buy a USED 2007 with 25000 miles on it for $23995.00 so that may be a better option. Why buy a new car for less then you can buy a used one?
Because you can! The post you commented on is not about used CR-V pricing. Your logic fails me, but from your dealer perspective I'm sure you would prefer to ignore the great deals that are available. I purchased a brand new CR-V EX-L with 12 miles on it for just $846 more than your used, 25,000 mile, CR-V example. Others here have done nearly equally as well or better. Why indeed, lol?
I am planning on paying cash so the 1.9 percent is attractive but may not be relevent. How much in depreciation do we lose with one model year?
I have been watching the inventory at both dealerships for two months and they simply are not selling CRVs.
It seems that the recession locally may be more serious than people know.
So I will wait for my price or purchase an 09 for $300.00 to $500.00 more.
With appreciation and auto buying cheer,
Brandon
Lemme get this straight - you purchased a new CR-V EXL for $24841.00 and you think EVERYONE should be able to buy them at that price? I guess you forgot that several areas of the country have co-op advertising fee's built in to each invoice from the factory that can be as high as $300.00 per car, raising actual dealer investment costs.
Perhaps you also forgot that as supply dwindles, prices tick back up - that whole supply vs. demand thing. It happens every year, prices always goes back up when there are very few previous model year Honda's to choose from.
So perhaps instead of telling people what they can and cant buy one for, why not refer them to the dealership you bought from? Since they were willing to sell you a car at wholesale I'm sure they would be happy to do that for everyone?
I understand inventories can drive pricing. My point is that people shouldn't over pay for an '08, when good deals can be had with a little effort--as made evident by some of the above posts. Rather than over pay for an '08, they should get an '09.
Lastly, this isn't JUST about the pricing I achieved. It's about the pricing MANY on this board have achieved. I don't begrudge a dealer making a fair profit on current model year products, but to gouge people on '08s when they can get a good price on an '09 makes no sense for them.
By the way, there is co-op advertising in my area, too. Wow, I guess I should offer to pay Procter & Gamble some extra money for their advertising the next time I buy Colgate toothpaste, lol.
I have no vested interest on this board, but you certainly do. I hate it when dealers whine. It can only mean this board is doing something right.
Several, and one in particular, dealers were very holier than thou, and spent all their effort saying that the online information was all wrong, you couldn't get that price, yada yada yada. We were told we were stupid, unethical, naive and many other things, just for asking. This seems to be the way the dealers around here are trying to compensate for the large increase in informed buyers that the internet has created. They blame and shame the customer. In the short term, in does quickly weed out the folks that won't pay their high prices and lets them concentrate on the less informed customers, but in the long run they are going to get a bad reputation around town and suffer greatly. I know we will tell anyone who will listen which dealers were decent, and which ones weren't.
When we found a good dealer, we were able to get a good deal on a 2009, over the phone, in less than 30 minutes. Very interesting since the other dealer told us we were "stupid and naive" to think that anyone would sell for that price, and that if they told us they would, it was bait and switch.
Buyer beware, if they treat you with lack of respect, you can bet their ethics and honosty are also as poor as their manner.
However, what I should have said is that even though you got a certain deal that doesn't mean the next guy that inquires over the internet at the same dealership will get the same deal. The reason is perhaps at the end of last month and even in to this month, as the 2009's began to arrive some dealerships may have had a glut of 2008's left, so in order to move them, they decided to blow out as many as they could. Once they were down to the last few they may control pricing a little better.
There are pockets in this country where there is limited competition and low supply. While this board is an excellent guide, there is alot of oneupmanship here which may set an unrealistic standard of pricing that may not be attainable in certain markets. For example, it seems people are getting really aggressive quotes out of Chicagoland right now because of an incentive available to dealers in that market that is not available here in Minneapolis. My dealership has the 2008 CR-V EXL 4WD priced at $25057.00 which is $600.00 UNDER our adjusted invoice (with co-op which is a legitimate cost added at the factory, not dealership level) and some people have been getting quotes $400.00 less then that. Keep in mind, there is no co-op advertising in Chicago. We simply can not compete with that price and as our supply dwindles, price will go back up.
The whole point is don't disapoint someone if they can't get the same deal you did. Keep in mind, USED ones are selling for more then most people can buy a new on for. So if someone has to pay a few hundred more then you did, dont just automaticly assume that they can get a far better deal - it just may not be attainable in their neck of the woods.
IMHO if you can get an 08 for invoice or a couple hundred back, that is still an awesome deal! After all, it's a Honda CR-V, not a Hyundai Santa Fe.
So mcquinn, if I came off harsh, my apologies.
By the way, the $25, 057 price you're quoting for the CR-V 4WD EX-L is very, very, close to the range I've recommended, so it looks like we do agree on something. Furthermore, if you consider that the vehicle that started this conversation was a standard CR-V 4WD EX, and the cost difference between the L trim level and the standard trim level is about $2,364, that would put the standard EX price at about $22,700, which still makes the $23, 093 price high by almost $400. As I stated before, if it's for a color that is in short supply, it might be worth it--only the buyer can make that decision. I rest my case.
You are whistling in the dark. They don't care.
This is why I try (hard) to stay out of these forums. Hard on my blood pressure.
Oneupmanship? Ya think?
"Oneupmanship" Hmmmmm, I wonder where I heard that one????? LOL.
Many thanks,
cpr
Like I said, I really hate it when dealers whine. Here's a thought, stop trying to gouge every customer, and maybe, just maybe, boards like this won't be needed.
I think Turbododge really hit the nail on the head.
"On the other hand, you can buy a USED 2007 with 25000 miles on it for $23995.00 so that may be a better option. Why buy a new car for less then you can buy a used one?"
Fabfive, you only paid $22,258? Great price! Of course your doc fee is about $250 higher than Minnesota has, which puts actual cost at about $22,500, but it is still $1495 less than the Minneapolis Honda dealer wants to charge for a used one, lol. Apparently we shouldn't post this type of information for fear that everyone will think they can get such a good deal. It sounds like some dealerships realize they need to get rid of their '08 inventory.
STAY AWAY FROM ANY DEALER IN THE LUTHER GROUP, ESPECIALLY BROOKDALE HONDA.
From this point on you are ignored.
I was making a point about re-sale value, it had nothing to with being able to afford anything. Because in my analgy the used one was more expensive then the new one. Drawing a conclusion that even at the price that guy was quoted, that you felt was too high, it could be worse - he could be spending more on a used one!
IGNORE mquillen ON.
Wanda
Who is to say that he can't help other members, who aren't his customers?
It's a little bit of a stretch to think that he spends time here to increase profits at his dealership... I've not seen any posts that would make me think that..
Of course, you are free to ignore any advice that you don't find useful.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Having said that, there will definitely be a lot of energy efficient vehicles coming down the pipeline over the next few years. The CR-V will probably get a diesel in 2010 (the US market will have to embrace diesels eventually), other manufacturers are bringing some of their more fuel efficient European models over, and new hybrids are on the horizon. There will be a lot to look forward to. What's the hurry?
purchased today for $25,623.00 + TTL
out the door for $27,280
http://www.edmunds.com/tmv/used/index.html
go and bargain. they can give u this deal all u have to do is bargain..
i addedd some extra fetures so my total was 24,500
i think they would have gone 200 to 500 lower...
That is a great deal. Is it a 2008 CR-V EX AWD? Did you get 1.9% offer from Honda Finance? Did you take 3000 wort of accessories? I am planning to buy coming weekend.
I had an '02 EX AWD w/106K miles... Traded it in couple months ago, and got $9K.. But, it was EX and automatic..
Good luck!
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I don't know if they will go down further-if you can wait it out you may be able to shave off even more. Just be aware of doc fees etc- I paid $22,298 and nothing else but taxes and title transfer costs.
Boch was consistently lower all along than the other dealers during my several months of browsing and negotiating. Rumor has it Boch buys the cars for cash, and owns his land outright etc so he can underprice other dealers- I don't know, but I do know they gave me lower quotes all along than Bernardi, Chambers, Prime Honda etc.
My old Jeep was costing me too much money so I was happy when the price at Boch dropped from $23,000 all inclusive about two months ago to $22,298 a few weeks ago,.. I won't be mad if others get even lower due to their patiently waiting a few more weeks
If all these dealers have 2008's on their lots, I would think they would. These cars are a year old, and have already depreciated by around $3500. I don't want to pay more than $21,500 for a AWD EX.
purchased last week for $24,955.89 (includes destination charge) + TTL
sales tax in NJ is 7%
OTD for $27,200
I was also able to avail of Honda's 1.9% financing. I am very happy with my purchase and I could not have negotiated for the price I paid if I have not been reading this forum.
I used to drive a 6 cylinder Jeep (and before that an 8 cylinder Jeep!) so I do feel the difference in the engine, no doubt. I have not had any trouble getting onto the highway, though. I had my significant other drive it (who drives a BMW and likes to go toooo fast) and he felt that it was fine for merging. He has driven it on long trips since then without a complaint.
Of course, I'm not a fast driver myself, happy to stay in the right lane, don't really zip in and out of lanes like you see some Type A's doing, haha. So what may be good engine oomph for me might be not enough for the next person. I would suggest that you do a number of test drives with it before you decide. Even if you have to go to several different dealers and pretend it is your first time driving it! Take it on and off the local highway a number of times and perhaps that will be a good way to know. Good luck!
My lowest quote so far is:
$25,249
Dealer fee of $125
TTL - WI (5.6%)
OTD Price: $26,913
Any reasonable chance that they could go lower now that 2009's are on the lot? Or is that just being greedy?