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I paid $24,000 including dest. charge. Sales tax i will pay in cash. Options included in the price were OEM mud flaps, OEM fog lights, and OEM roof rack rails.
I have already ordered a Perfect Fit Hood shield for it, will arrive next Monday.
Got Honda's 2.9% financing for 60 months. I was quite pleased with the deal.
My wife and I pick it up on Thursday night 12/30 @ NJ Honda dealer
I'm pretty pleased with the deal and I'm pretty sure that I'll get the 2.9% deal too.
My question is: can I ask my friend livinb in VA to buy the new car and then transfer the title to me as a gift. If we do this, what is the tax obligation for both of us? Does my friend need to pay gift tax? I know I do not need to pay auto tax if I register the car in NY, but Do I need to pay income tax because, officially, I receive this big gift from my friend?
Thanks a lot in tons.
You would be playing a dangerous game. Technically, you would have to pay sales tax when you receive the "gift" (and no, I don't believe your friend is just going to give it to you - and Albany will not believe you either!) Also, be aware that schemes intended to evade paying taxes constitute a separate crime.
Moreover, you would be evading Virginia's "personal property tax" which is levied on property of value that is removed from the state!
tidester, host
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I'm also shopping around at Metro Honda (Jersey City), Potamkin (NY), and Bay Ridge Honda (Brooklyn). I've been steered toward the last two by Carsdirect... and am considering buying directly through Carsdirect as well. Though I think I might be able to do better than $20,565 straight offer by Carsdirect, I hate haggling and I've bought my family's previous car (02 Camry) through them before.
Thanks for any input or opinion on this matter.
the 2005 Lx, 4WD, Cr-v, auto to me at 19,500.
he will put a temporary tag on it, and then I drive back to NY. I will regisiter my vehicle in NY and pay NY's 8.25% tax.
The guy said SUV was not so popular in DC area because of warmer weather than in NY and CT.
So, the total price (excluding insurance) is aroud: $21300
do you guys have this experience before, can I trust him. He may ask me to fly there and then negotiate with me based on the fact that I am from NY, and already paid some travel fee.
Also, what tricy they are playing???
thanks in tons.
Thanks for all the helpful information on this site.
did you buy your vehicle already? If yes, from where, and which dealer, and whch saleperson?
thanks,
18,925 for an LX 4WD silver. So I end up paying 20908 out the door. Because I don't have enough credit history the offered me 4.9 in the beginning but I got it for 3.9. I could go to a different dealer but it's hard to believe they would have match the price.
I put down 1000 and now I'm stuck for 5 years with 365 a month.
The dealer is in Michigan (kind of far from you) and the secret in getting a very low price is not to talk with a sales person. Cut the middleman and ask for the person who can take a decision in that dealership.
Actually I would recommend to everybody to buy James Bragg's book. It's the guy that founded fightingchance.com. I paid $17 for the book and save myself thousands buying a new car.
P.S. You might have to make your move today. End of the year is important for them and for Honda.
Happy for you.
So, which state are you living? Before you went there, you got fax about the out-of-door price with saleperson's and manager's signatures? right?
Do you still have to pay tax in your state?
Do you guys have any sense about the difference between the england-made and japan-made crvs? Do we have a newsgroup to talk about this?
Happy new year.
When England starts making diesel CR-Vs, US production is going to shift to Ohio... My guess is once that happens, Japanese made CR-Vs will pretty much disappear from the U.S.
regards,
kyfdx
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We got the Pewter SE for invoice ($23,651, including destination)after only a bit of negotiation. They may have gone lower, but I might have paid more, too. Who knows. We bought from Duthler Honda in Grand Rapids, and thus far have had a good experience with them.
Good luck, and thanks for all of the helpful information.
Buying on New Year's Eve - they just wanted to get the car out the door. I don't think we could have done any better on price, so we are pretty happy.
This was in the suburbs of Philadelphia.
Congrats for your new CR-V, rdw! What model you got LX, EX or SE? Auto or manual? How do you like it so far? Any pictures to share? Have fun with your new 'toy'.
congrtulation,which dealership, and what saleman?
thanks,
Dealership is fine but skip the salesman part - see the notice below (highlighted in red).
tidester, host
WHAT DO YOU THINK OF THE PRICE?
18,925 for an LX 4WD"
Ok guys, here we go, using the price above let me know if my calculation makes sense. I know it will be a little bit complex, but I try to explain it as simple as I can.
Invoice price for LX 4WD on Edmund is $19,580 and deep_purple got it for $18,925 (Good Job!) That is $655 lower. Using that formula, if I convert it to LX FWD, so invoice price for LX FWD on Edmund is $18,473 - $655 = $17,818 (vehicle only).
Can I use this amount to negotiate with Honda's dealer(s)?
Actually, I don't really understand that deal. If the invoice price for the 2005 EX (including destination) is $22083, and you paid $20,882, you bought it for over $1,200 under invoice. If you figure the 3% Honda holdback nets out at a bit over $700, the dealer would have sold the car to you for over $500 less than he paid for it. Even if your price did NOT include destination, the dealer still lost money on this deal.
So, I don't understand it, but job well done.
My opinion?
Go for it!
So for 2005 EX Auto as you calculated above, in my formula it will be $21,568 - $655 = $20,913 (without destination) or $21,428 including destination.
The invoice price on Edmunds is not the "exact" price, the actual invoice is lower than that, consumer reports' invoice is closer to the actual invoice as other poster said in this forum, but we can use edmunds' as a number that close to the actual invoice as dealer bought the vehicle.
As I said on my post above, I'm not sure if this formula can be used in the real world, but at least we can have a number to start to negotiate.
as far as dealer making/losing $$ - well, they definitely did not make money on this deal - but Honda was giving them more $$ back since they had already sold so many cars (at least, this is how the salesman explained it to me) - so they could offer it at a lower price.
Salesman just wanted it out the door for volume - purchase was completed 12/31 - so he didn't make $$ - but he did make volume.
2.9% financing didn't hurt either - woohoo! I thought it was a good deal - glad we waited till the last second
I live in the PHX area as well. Can you tell me how much you paid out-the-door?
Could you breakdown the figures?
Thanks!
This includes dest fee, but not T/T/L.
Thanks for your thoughts!
Anyone know how the deals have changed for January? We leased in Dec. because we thought we would get a worse deal in Jan. even though our current leased car doesn't end until end of Jan.