2020 Honda Accord Deals and Prices (Purchase Discussion)

artistic94555

Most of SAC dealers are not interested in giving quotes, they think someone buying at this time must be desperate and willing to pay high price.

SCTom

Eliminate the pricing guesswork in NJ . Do your own research .. Here is how. Dealers that wont negotiate online, by phone remove off your list move onto the next dealer.

I would email / call 15 closet NJ dealers Internet mangers / dept , ask each dealers mgr. IF you buy/ lease vehicle by end of this month or day of call... would dealership sell @500 below models invoice price for a immediate sale. Its a... Yes or No answer.... Or at worst a counter offer to your buying price.

Try these NJ dealerships in addition to yours

DCH Academy / Kay,Paramus , Garden state, Auto-sport, Clinton , Route23, Mahwah for starters

Good luck
@brian125

Hi Brian,
I followed your recommendations for my last car purchase in 2013 and was hoping you would have some words of wisdom for 2020. I live in SC and have been looking to make a cash purchase of a 2020 Honda Accord. I am willing to travel. In 2013, I bought a Honda at Pohanka in Fredricksburg, VA. I have them on my list to contact this time, but was wondering if you have others in the region that I should have on my short list?
Appreciate any comments that you might have regarding the current car buying environment.
Cheers,
Tom

heartgod

Purchasing tomorrow ($500 deposit placed today)

Honda Accord 2020 EX 1.5 T

MSRP $28875
Sales price $24204 (-16.2% MSRP)
Dealer added options $399 (wheel locks, tint, trunk tray, pinstriping)- will comment at end
Dealer fee $897 (Florida)
Taxes $1555
Registration $225
Rebate (Honda loyalty and First responder) $1500

OTD 25780 (for an OTD total of -10.7% off MSRP)

I had other OTD offer of $25679, but the dealer I purchased from has sold us or last two Hondas, and we like their salesman- in addition, the only value option is the tinting- the difference in these 2 deals is only $101, and I don't think you could get quality tinting for that price. I would love to have negotiated out the dealer fee, but I had contacted about 15 dealers OTD pricing, and this (and 3 other quotes) were very hard to beat. I guess I could have waited till the end of the month to see what would have transpired, but inventory on the color I wanted was somewhat limited.

Have to finance through Honda Financial, in order to get rebates but I plan on paying off the car within 2 weeks, and there is no prepayment penalty.

I think I got a great deal.

kyfdx

heartgod said:

Purchasing tomorrow ($500 deposit placed today)

Honda Accord 2020 EX 1.5 T

MSRP $28875
Sales price $24204 (-16.2% MSRP)
Dealer added options $399 (wheel locks, tint, trunk tray, pinstriping)- will comment at end
Dealer fee $897 (Florida)
Taxes $1555
Registration $225
Rebate (Honda loyalty and First responder) $1500

OTD 25780 (for an OTD total of -10.7% off MSRP)

I had other OTD offer of $25679, but the dealer I purchased from has sold us or last two Hondas, and we like their salesman- in addition, the only value option is the tinting- the difference in these 2 deals is only $101, and I don't think you could get quality tinting for that price. I would love to have negotiated out the dealer fee, but I had contacted about 15 dealers OTD pricing, and this (and 3 other quotes) were very hard to beat. I guess I could have waited till the end of the month to see what would have transpired, but inventory on the color I wanted was somewhat limited.

Have to finance through Honda Financial, in order to get rebates but I plan on paying off the car within 2 weeks, and there is no prepayment penalty.

I think I got a great deal.

Congrats! Thanks for the report.

Dbmdbm

Please provide lease numbers/info on following. TIA.
- Tampa, Florida
- 12k/36m
- 2020 Touring Accord

SalFL

@heartgod
Can you share which dealership you went to? I'm also in Florida and looking at the same car 2020 Honda Accord EX and the lowest I found was $28,200 OTD so I don't feel I'm getting the best deal. Honda loyalty and first responder don't apply for me but it's still $1k more than the deal you got when removing those extra discounts. Thanks

kyfdx

Dbmdbm said:

Please provide lease numbers/info on following. TIA.
- Tampa, Florida
- 12k/36m
- 2020 Touring Accord

Please ask lease questions, here:
https://forums.edmunds.com/discussion/58876/honda/accord/2020-honda-accord-lease-deals-and-prices#latest

heartgod

@salFL

Coggin Honda Orlando. However, the best price that I actually was able to get was at classic Honda, but I purchased the vehicle from Coggin for only $101 more bit got window tinting, splash guards, wheel lock, and trunk tray. Anecdotally, I think that the dealerships are getting a little busier here. The dealership where I purchased had 12 Ex 1.5 available last week, and now they’re down to around 8..

flgirlfive1

Anyone purchase a 2020 Hybrid Touring lately? What price did you pay and what was the breakdown?

flgirlfive1

hondaowner14 said:

Looking for a 2020 accord touring hybrid or reg. Any dealer incentives? Customer cash or Honda $500 cents out there?

Saw one post of $31978? Any others?

Thanks for your help!

Did you end up buying a Touring Hybrid? What did you pay? Was the $31978 you saw posted a hybrid and was that out-the-door?! Trying to find what I should pay for a new 2020 Accord Hybrid Touring without taxes, tags and title fees. Thank you in advance for any help you may give.

goshiney

"I did buy a 9 year/150,000 miles bumper to bumper extended warranty thru Honda Care. Finance manager offered at $1,900. I negotiated to $1,600. I have 60 days to cancel, but that money would be put towards the balance of loan. So, it would be paid off earlier. Any opinions on my extended warranty or it's price? Any other questions, feel free to ask/tag me."


I recently received pricing on purchasing a Honda Care warranty direct from a Honda dealership that sells on the web. They didn't offer the length that you purchased. They offered a 8/120, $0 deductible for $1,175. I guess it depends on whether you need that # of years or miles.

jipster

goshiney said:

"I did buy a 9 year/150,000 miles bumper to bumper extended warranty thru Honda Care. Finance manager offered at $1,900. I negotiated to $1,600. I have 60 days to cancel, but that money would be put towards the balance of loan. So, it would be paid off earlier. Any opinions on my extended warranty or it's price? Any other questions, feel free to ask/tag me."


I recently received pricing on purchasing a Honda Care warranty direct from a Honda dealership that sells on the web. They didn't offer the length that you purchased. They offered a 8/120, $0 deductible for $1,175. I guess it depends on whether you need that # of years or miles.

Thanks for the info. I'm about 35 days from my purchase date. My 2020 Accord is certified pre-owned, so I wonder if the price is a bit higher than it would be if I had bought brand new.. The finance officer said Honda "just started" offering the 9 year/150k deal on certified preowned. He said the $1,600 price was at cost, but you know how that can go.

But, my Honda being "Certified PLUS" pre-owned, it would have already come with an extra 2 years/50,000 miles of additional coverage, for a total of 5 year/86,000 miles of bumper to bumper and 7 year/100,000 mile on the powertrain. SO, for $1,600 I'm getting an extra 4 years/64,000 miles of bumper to bumper and an extra 2 years/50,000 miles.on the powertrain.

So, still undecided if I want to cancel or not. Leaning towards keeping it as thats what my wife wants to do.

kyfdx

@jipster
Leaning towards keeping it as thats what my wife wants to do.

I'd say the decision is already made.

Liljohn7485

Hi, I’ve been searching for a good lease price on 2020 Accord EX-L 1.5 and have started to question if purchasing is simply a better option seeing as how expensive the lease seems to be at the moment. It seems rather cut and dry with purchasing as I’ve spoken to 3 dealers and they’ve all quoted me at the exact same price give or take $2-3/month ($6k down, 72mo, $397 inc taxes).

Is there any strategy you would recommend to try to get the dealers to come down on this price at all or am I pretty much at their rock bottom with the incentives that are out there? I do work for a hospital but I’m not a licensed medical professional, so I don’t believe I would qualify for that extra incentive? Also, there’s such limited quantity on this trim right now that it seems like they have no desire to move the prices any lower.

Any tips? I’m in zip 11703 (Long Island, NY).

Thanks!

Michaell

Liljohn7485 said:

Hi, I’ve been searching for a good lease price on 2020 Accord EX-L 1.5 and have started to question if purchasing is simply a better option seeing as how expensive the lease seems to be at the moment. It seems rather cut and dry with purchasing as I’ve spoken to 3 dealers and they’ve all quoted me at the exact same price give or take $2-3/month ($6k down, 72mo, $397 inc taxes).

Is there any strategy you would recommend to try to get the dealers to come down on this price at all or am I pretty much at their rock bottom with the incentives that are out there? I do work for a hospital but I’m not a licensed medical professional, so I don’t believe I would qualify for that extra incentive? Also, there’s such limited quantity on this trim right now that it seems like they have no desire to move the prices any lower.

Any tips? I’m in zip 11703 (Long Island, NY).

Thanks!

We aren't experts with pricing, but this link might be able to provide some insight:
https://www.edmunds.com/new-cars/

jipster

Liljohn7485 said:

Hi, I’ve been searching for a good lease price on 2020 Accord EX-L 1.5 and have started to question if purchasing is simply a better option seeing as how expensive the lease seems to be at the moment. It seems rather cut and dry with purchasing as I’ve spoken to 3 dealers and they’ve all quoted me at the exact same price give or take $2-3/month ($6k down, 72mo, $397 inc taxes).

Is there any strategy you would recommend to try to get the dealers to come down on this price at all or am I pretty much at their rock bottom with the incentives that are out there? I do work for a hospital but I’m not a licensed medical professional, so I don’t believe I would qualify for that extra incentive? Also, there’s such limited quantity on this trim right now that it seems like they have no desire to move the prices any lower.

Any tips? I’m in zip 11703 (Long Island, NY).

Thanks!

How many EX-L's in dealer inventory? If not many, you'll have you're work cut out for you. But, you've asked for dealer quotes, and they've given you.a quote. You can get them at a.lower price by making an actual lower offer. You don't ask...you don't get. You also could expand your search....say within a 3 or 4 hour drive radius of where you live.

hondaowner14

flgirlfive1 said:

hondaowner14 said:

Looking for a 2020 accord touring hybrid or reg. Any dealer incentives? Customer cash or Honda $500 cents out there?

Saw one post of $31978? Any others?

Thanks for your help!

Did you end up buying a Touring Hybrid? What did you pay? Was the $31978 you saw posted a hybrid and was that out-the-door?! Trying to find what I should pay for a new 2020 Accord Hybrid Touring without taxes, tags and title fees. Thank you in advance for any help you may give.

flgirlfive1 said:

hondaowner14 said:

Looking for a 2020 accord touring hybrid or reg. Any dealer incentives? Customer cash or Honda $500 cents out there?

Saw one post of $31978? Any others?

Thanks for your help!

I haven’t purchased yet. Took a hiatus. Looking into it again.

7435

can anyone tell me the price paid in Colorado in august 2020 for a 2020 honda accord touring msrp 37205 invoice 34805
has anyone bought for 2,000 below invoice

lucky1man

same question for bay area calif anyone bought accord touring 2k under invoice or what was best deal?

lucky1man

just rcd quote from cosco participating dealer 2020 accord touring list 37,000 /32,750 a 7.8% discount I think we can do better

HoKaje

Hi
I just traded in my 2018 Accord Touring 1.5T Touring (23,500 mileage, purchased at 30,450 plus taxes) to 2020 Accord Hybrid 2.0L Touring (MSRP: 36,395 including destination fee)
Here is what I got
Car : $30,830 plus taxes,Discounts include Honda Loyalty and grad offer towards down payment
Trade in: $25,500
Doc fee: $494
Financed at 0.9% for 36 months, but was available for 48 And 60 months for same rate from Honda
Location: Lawrence, Kansas

kyfdx

HoKaje said:

Hi
I just traded in my 2018 Accord Touring 1.5T Touring (23,500 mileage, purchased at 30,450 plus taxes) to 2020 Accord Hybrid 2.0L Touring (MSRP: 36,395 including destination fee)
Here is what I got
Car : $30,830 plus taxes,Discounts include Honda Loyalty and grad offer towards down payment
Trade in: $25,500
Doc fee: $494
Financed at 0.9% for 36 months, but was available for 48 And 60 months for same rate from Honda
Location: Lawrence, Kansas

Congrats! Thanks for the report

Chad2586

Price discussion for 2021 yet?

Michaell

Chad2586 said:

Price discussion for 2021 yet?

Are they available at the dealer yet?

kyfdx

Chad2586 said:

Price discussion for 2021 yet?

Here you go

boltdeals

Looking to buy 2020 Honda Accord Hybrid EX in SOCAL area, Did any one purchased a hybrid recently, Any suggestions on what a good price under msrp would be in LA area? Thanks for any help.

kyfdx

boltdeals said:

Looking to buy 2020 Honda Accord Hybrid EX in SOCAL area, Did any one purchased a hybrid recently, Any suggestions on what a good price under msrp would be in LA area? Thanks for any help.

While waiting for replies:

Edmunds pricing tools

dinh_henry

Purchased in Richland Hills, TX 2020 Honda Accord Sport 1.5T $25,965 out the door. Dealer added on including weather mat, cargo tray, tinted windows, wheel locks, interior and exterior protection. Sale price before TTL $24,060.

Michaell

dinh_henry said:

Purchased in Richland Hills, TX 2020 Honda Accord Sport 1.5T $25,965 out the door. Dealer added on including weather mat, cargo tray, tinted windows, wheel locks, interior and exterior protection. Sale price before TTL $24,060.

Congrats!

Thanks for the report.

indianaj0nes

mentalcase said:

So my previous vehicle was totaled and I'm in the market for an Accord. I got my first quote today.

I plan on calling around to the plethora of dealers in my area, but how does this look for a start.

Model Year: 2020
Date Quoted: 2/6/2020
Engine:2.0T
Trim: Sport
Transmission: 10AT
MSRP: $32,315 after $955 Destination
Discount: $5,182
Price Before Tax Title License (TTL): $27,133
Doc processing fee: $699
Sales Tax : $1,844
DMV Fee: $401
Total Price Paid Out The Door (OTD): $30,090
Location: Central, NJ

Which Dealer? I am looking for a EX-L HYbrid

trueee

Getting a 2020 Accord EX in Obsidian Blue for $24180 OTD in Houston, TX with 2 free oil changes, all weather mats and home delivery. Had to sign a 2.54%APR through Honda to get the deal. Looking for inputs on how I did on this deal. Brand new with 9 miles on the odometer.

kyfdx

trueee said:

Getting a 2020 Accord EX in Obsidian Blue for $24180 OTD in Houston, TX with 2 free oil changes, all weather mats and home delivery. Had to sign a 2.54%APR through Honda to get the deal. Looking for inputs on how I did on this deal. Brand new with 9 miles on the odometer.

What is the MSRP?
Does OTD price include sales tax?

trueee

Declined the all weather mats so price is $24000 OTD including taxes and fees. MSRP is $29075 including destination fee.

kyfdx

trueee said:

Declined the all weather mats so price is $24000 OTD including taxes and fees. MSRP is $29075 including destination fee.

Seems like a really good deal

jipster

trueee said:

Getting a 2020 Accord EX in Obsidian Blue for $24180 OTD in Houston, TX with 2 free oil changes, all weather mats and home delivery. Had to sign a 2.54%APR through Honda to get the deal. Looking for inputs on how I did on this deal. Brand new with 9 miles on the odometer.

Not sure how long Honda has had the current 0% financing, but looks to be about a $7,000 discount. Great deal. How'd you negotiate it?
I like the all weather mats that came with my 2020 Accord. Includes a fitted mat for the trunk. Cleans up nice and quick. Looks nice.

j90606

Hello are there any special finance rate or incentives for purchase. Being offered by Honda Finance on the remaining 2020 Honda Accord Ex sedan. Zip code 90606. Thank you

Michaell

j90606 said:

Hello are there any special finance rate or incentives for purchase. Being offered by Honda Finance on the remaining 2020 Honda Accord Ex sedan. Zip code 90606. Thank you

$2000 dealer cash for purchase

No special APR

Oklahoma_City247

Honda Accord 2020 EX 1.5 T

MSRP $29,065

I don't have the breakdown here but I got the final price to $24700 OTD
6% sales tax in MD with a $499 dealer fee


This is in the Baltimore, MD area

Michaell

Oklahoma_City247 said:

Honda Accord 2020 EX 1.5 T

MSRP $29,065
Sales price $22072
Dealer added options $495 (wheel locks, pinstriping)
Taxes $1354
Rebate Used Costco Pricing, $4000 off 'invoice' price, plus $2000 temp incentive plus a little negotiating

OTD $24700

This is in the Baltimore, MD area

Is this a quote, or a deal you took?

Oklahoma_City247

Michaell said:

Oklahoma_City247 said:

Honda Accord 2020 EX 1.5 T

MSRP $29,065
Sales price $22072
Dealer added options $495 (wheel locks, pinstriping)
Taxes $1354
Rebate Used Costco Pricing, $4000 off 'invoice' price, plus $2000 temp incentive plus a little negotiating

OTD $24700

This is in the Baltimore, MD area

Is this a quote, or a deal you took?

This is the price I took for the car. 24700 otd. Started with costco auto program and got a bit more.

Michaell

Oklahoma_City247 said:

Michaell said:

Oklahoma_City247 said:

Honda Accord 2020 EX 1.5 T

MSRP $29,065
Sales price $22072
Dealer added options $495 (wheel locks, pinstriping)
Taxes $1354
Rebate Used Costco Pricing, $4000 off 'invoice' price, plus $2000 temp incentive plus a little negotiating

OTD $24700

This is in the Baltimore, MD area

Is this a quote, or a deal you took?

This is the price I took for the car. 24700 otd. Started with costco auto program and got a bit more.

Congrats!

Thanks for the report.