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2013 and earlier-Honda Accord Prices Paid and Buying Experience

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Comments

  • dudleyrdudleyr Member Posts: 3,469
    Thanks - I have tried Vern Eide and mentioned all that you did. Told them I had quotes of $1100 below invoice. They would only go to $500 below - and seemed pretty rude about it too. I was talking with the internet guy.

    I could probably get them lower if I offered $750 or so below invoice, but they certainly were not offering it.
  • dwynnedwynne Member Posts: 4,018
    Told them I had quotes of $1100 below invoice. They would only go to $500 below - and seemed pretty rude about it too.

    I think I too would have not wanted to waste any time with you if I had been the salesman. Sometimes you can get a bare bones, dealer makes nothing deal without a trade - but dealers do need to make money as do the sales folks. If there is a $750 dealer incentive you should be able to get the car, with dealer free for about $750 under invoice - maybe a little more. If you want to get a lower price the dealer will have to dip into their holdback, which is something they seldom want to do. Your $1,100 quote would be $350 into the $667 holdback (assuming an I4 SE auto sedan). So the dealer would lost money at sale time and would only net $317 once they got the hold back money from Honda. And you wanted them to match or better that price? Like I said, I would have not wanted to spend much time working with you if I were on the sales staff.

    I call it "unreasonable pricing" - someone who just plucks a number out of the air and demands the dealer to match or beat it. Sure, a FEW times someone seems to get some deal that is too good to be true - but the majority of the time deals are made based on real world numbers - invoice less incentives and maybe a little of the hold back if they are desperate to move the car.

    If you really do have a quote for $1,100 under invoice on a new Honda including destination and dealer fees than I would not waste any more time calling or e-mailing dealers, I would be at that dealership signing the paperwork.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    So says Edmunds - still can't be combined with some lease specials:

    $750 Cash to Dealer start: 02/06/2007 end: 02/28/2007

    Restrictions Dealer Cash is not combinable with "2007 4-cyl Sedan Special AHFC Lease/Purchase Plan" nor with "2007 Accord 4-cyl Coupe and 6-cyl (Coupe/Sedan) Special AHFC Lease/Purchase Plan".
    Comments Dealer participation may vary.


    The leases are the same and now we know the money is the same - so you should get about the same deals as you saw last month.

    Dennis
  • msolomsolo Member Posts: 4
    $18,200: that's the best price I've heard of so far!
  • msolomsolo Member Posts: 4
    I know there must be somebody out in the Chicagoland area, including the suburbs who has bought this car.

    Dealership:
    Price Paid:
    % financing:
    Destination:
  • asshutoshasshutosh Member Posts: 3
    Hi,

    I leave in North NJ, around parsippany. I am looking for Honda Accord Ex without Leather Seat option. Someone can help me out how much I should get this car off the road.After paying Tax, Registration and other fees.

    Thank you.
  • dudleyrdudleyr Member Posts: 3,469
    "I think I too would have not wanted to waste any time with you if I had been the salesman."

    I guess it is OK for others on this board to get good prices, but I am wasting the dealers time. Interesting. :confuse:

    I don't buy the "we are not making any money story". Future allocations of the 2008 Accord (sure to be a cash cow) are partially based on sales of the 2007. If I were a dealer I would sell all that I could, and would not insult a customer by saying they are losing money at $500 under invoice, when they are making $250 plus the holdback.

    Yes I have a legit offer of $1,100 under invoice (as have others on this board), but they are farther away ( I told the dealer this - and that I would pay a little more to get a car closer). BTW Vern Eide is 220 miles away as it is, so it is a pain even to go to the nearer dealer.
  • dudleyrdudleyr Member Posts: 3,469
    "I think I too would have not wanted to waste any time with you if I had been the salesman."

    I guess it is OK for others on this board to get good prices, but I am wasting the dealers time. Interesting. :confuse:

    I don't buy the "we are not making any money story". Future allocations of the 2008 Accord (sure to be a cash cow) are partially based on sales of the 2007. If I were a dealer I would sell all that I could, and would not insult a customer by saying they are losing money at $500 under invoice, when they are making $250 plus the holdback.

    Yes I have a legit offer of $1,100 under invoice (as have others on this board), but they are farther away ( I told the dealer this - and that I would pay a little more to get a car closer). BTW Vern Eide is 220 miles away as it is, so it is a pain even to go to the nearer dealer.
  • mvperez4jesusmvperez4jesus Member Posts: 231
    correct me if i am wrong, but i have a friend who has an se, and his car has illuminated power window switches; he does not have moonroof, and is an se.
  • tallman1tallman1 Member Posts: 1,874
    According to Honda's fact sheet, the 07 SE does not have illuminated power window switches.
  • dtownfbdtownfb Member Posts: 2,918
    Thanks for posting this info dwynne. Regarding the special AHFC Lease/Purchase plan, is their normal financing or is this a combined lease with an option to buy?
  • saleemsaleem Member Posts: 114
    I drive an SE and the switches are very much illuminated.
  • saleemsaleem Member Posts: 114
    Hey Asshutosh,

    First of all I purchased from Joyce Honda in Denville, and I got a good price and good experience.

    It may be a bit difficult to tell, since a new promotion started on Feb 5th. Prior to that, people were getting maybe $1,000 under invoice. For instance, like i told msolo, i got an SE (invoice 19,493) for 18,200 plus 200 doc fee. your EX (I assume 4-cyl) is $20,324 invoice.

    Edmunds says that the $750 cash back to the dealer is on until 2/28. So I'd suggest going to automobiles.honda.com, finding all the dealers in your area, and start asking for their "no-haggle, internet price" or something. Being desi, I imagine you'll try to haggle from there lol... I'd say if you could get $19,000 or $19,100 (plus dest, doc fee, etc), you've done amazingly.

    I know Out The Door was your question... Lets say you get it $19,200 plus dest and doc fee (180)... add tax (7%) and youre at about $21,300. DMV fees (4 years registration, title, plates) will be paid later, and it'll prolly be $254. So expect a little shy of $22,000.

    A bit of strategy idea: call a dealer, get a price and who gave it to you. Call like 8 around you and get the lowest price. Then try to get dealers to beat that price. Make sure you note their doc fee's.
  • stevewavestevewave Member Posts: 7
    Even with $750 cash back, 1k under invoice is an excellent deal. I just bought a 4 door EXL V6 auto trans w/o navi for $383 under invoice. I checked other dealerships all over the place and this was the best deal I could get. And that price does not include sales tax at 7%. I feel pretty good about the deal I got, with the destination fee, splash guards, etc...not bad. I read a post a few days ago where someone got the same car for $37 over invoice.
  • mldj98mldj98 Member Posts: 378
    This is the thing about buying a car...it is very simple to me.....either a dealer can do a deal or not.....it seems to me that some dealers get bent out of shape the more the consumers know about certain incentives or marketing support that is posted on the internet for all to see. I guess it is not okay for a consumer to do his or her homework prior to shopping for a vehicle. And when it is time to shop, one would think that shopping around for various pricing would be the smart thing to do. As for me, when I offer a price on a vehicle it is based on solid facts. I do not expect to walk into a dealership and ask for $5K below invoice, that is just not smart. I do however have no problem walking into a dealership and asking for, let's say $750 below invoice if there is an incentive or marketing support there. The dealer is loosing nothing...it comes from Honda Corp. Plus on the other side of this, if the dealer can get someone else who is not quite as informed to pay let's say, invoice or even above invoice than good for them. Now days it is hard to find any dealer that will give you a written quote for any vehicle because they know you will take it and run to the next dealer to get them to beat it. Remember, car sales have been around a long time, the process has been around a long time, and if the process is so bad why not just do what Saturn does....the price on the sticker is what you pay. But as a consumer I know this when I walk on a Saturn lot. But until Honda goes to that format, the process continues. So if someone has a quote that is $1100 under invoice then good for them, if another dealer does not match it, that is there choice. But, in my experience, the dealer that doesn't match will always call you back, maybe not to match, but more than not they will have lowered their original price by a hundred or two. In this particular case, the consumer has to make a choice on how far they want to travel to get the best deal....500 miles or pay a little more and go 220. And I am sure they do not need to be told that a dealer needs to make money, I'm sure they know that. Remember, we are the customer, and if a dealer does not want to sell you a car at a certain price, that is their right. But, they can do it in a professional manner!
    I'm done....
  • tallman1tallman1 Member Posts: 1,874
    I drive an SE and the switches are very much illuminated.

    lol.... so much for their "fact sheet". I wonder if both versions of the SE (I4 and V6) are the same in this regard.
  • sjfrost55sjfrost55 Member Posts: 1
    I'm looking to pay $25,700 OTD for a 2007 Accord EX-L w/ navigation. Does that seem realistic? Here's how I arrived at that figure:

    msrp: $27,050
    invoice: $24,368
    minus incentives: $24,368 - $750 = $23,618
    true dealer cost: $23,618 - 3% of MSRP = $22,806
    2% dealer profit: $22,806 + 2% of $22,806 = $23,262
    plus destination: $23,262 + $550 = $23,812
    plus tag/title: $23,813 + $300 = $24,112
    plus 6.5% tax: $24,112 + 6.5% of 24,112 = $25,679

    ... which is approximately equal to $25,700 out-the-door. Does anyone think I'll have success with this number?
  • jb_turnerjb_turner Member Posts: 702
    This will depend upon your location because if the dealer knows they can move this vehicle for more why would they sell it to you for less.
  • stevewavestevewave Member Posts: 7
    I just bought an 07 EXL V6 w/o navi for $26,000 after taxes. The actual price of the car was $24,300 which is almost $400 under invoice. If you can get the navi for less than I got no navi, that would be a sweet deal.
  • jack47jack47 Member Posts: 312
    Does that seem realistic?

    Not now.

    Maybe, but I would doubt it, in six-eight months when the newly designed Hondas start to roll out.
  • thegraduatethegraduate Member Posts: 9,731
    I'm thinking like tallman said, one (I4 or V6) may not be illuminated, while the other is.

    saleem, is your SE a V6 or I4?
  • w_byrnesw_byrnes Member Posts: 20
    I think it is realistic. But you won't get that price by visiting your local dealers personally. Try to get a quote from their fleet/internet manager.

    I got my EX-L 4 cyl $800 under invoice (yahoo.com invoice) with no trade and it includes dealer doc fees. At first none of the local dealers would do that. All claimed the number is ridiculous. After I had got the price from a dealer 80 miles away, all my local dealers became willing to take that price too. And I've seen people on this board got their Accords lower than that.
  • saleemsaleem Member Posts: 114
    I have an I4 SE.

    As for w_byrnes, I too think it's realistic, but maybe lowballed. Call a lot of internet managers/managers to get their no-haggle price, then get other to match or beat each iteration. I first found my best price to be $18,500, then found an 18400, then found one that would beat it to 18,300; finally i got an 18200. Later I got another one to match 18200 "in case the other deal falls through". That said, there's a tradeoff in how much your time is worth, and at some point you should just be happy and buy the damn car haha
  • thegraduatethegraduate Member Posts: 9,731
    Well, if you got these four prices within a week, then you just made an extra $300 for the week; time well spent in my opinion. :) Consider it a work-bonus for a job well done.
  • shyneeshynee Member Posts: 9
    I got a quote for $20,788 (which includes Destination Fee) + Tax + doc fee + title for an Accord EX Sedan 4dr AT. On the road it would be $22,379

    I think I can bring em down further before making a deal.

    What do you think ?
  • brian1848brian1848 Member Posts: 13
    Just discovered the forum, wonderful resource. I am located in the Raleigh/Durham area of NC and looking at leasing an Accord EX-L V6. Would appreciate feedback on the numbers:

    - Lease Price: 25093
    - Dealer Doc Fee: 399
    - Honda Finance Fee: 595

    The sales person hasn't mentioned the "destination fee" which I imagine they might try to tack on to get another $600 bucks out of me. If the 25093 price includes the destination fee then we are looking at a "lease sales" price of 24998?

    I tried to look back through the posts and it appears to be a pretty good number but would love any feedback others might have.

    (Also as much as they want me to have the discussion, I refuse to discuss monthly payments -- since that is "just math" after we figure out what I am paying them for their car...

    Thanks,
    Brian
  • brian1848brian1848 Member Posts: 13
    I am also considering making all of my lease payments in a single payment - the dealerships I am working with say they won't do a deal that way but that I can easily make a single big payment when I get my bill from American Honda.

    If I were to do that, would I be "freed" of the financing fees at that point since I am paying them in advance? Or would I just take my monthly payment and multiple it by 35 months if I am doing a 3 year lease??

    Thanks,
    Brian
  • ncruzerncruzer Member Posts: 18
    Co-worker paid $23,500.00 OTD for 07 Accord EXL w/o navi back in october. so it depends on how much more you're willing to pay for the Navi. :shades:
  • thegraduatethegraduate Member Posts: 9,731
    Judging by post 13,960, which paid OTD $23,500 for a Leather model, I'd say you should be able to get OTD for possibly $22,000 even, although I don't know what the tazes look like for you. Sounds like a great deal as it stands, it just seems the $23,500 for the EX-L is a FANTASTIC deal.

    Personally, if I liked how the dealer was treating me (like a person and not just a dollar sign), I'd take the deal.
  • mvperez4jesusmvperez4jesus Member Posts: 231
    hey i live in nj, can u give the break down of your car and let me know how u got that price? how u dealt with the manager/salesman, etc thanks so much. and if u financed through them etc. and how much was?
  • shyneeshynee Member Posts: 9
    Thank you sir. Appreciate it
  • kiawahkiawah Member Posts: 3,666
    Why would you ever do that, financially speaking? Part of the monthly fee is the cost of money or interest payments. You paying everything up front is the worst of both worlds. You are paying them interest for leasing 'borrowing' that money, and then giving it to them up front.

    If this was a loan that you took out, what you are doing is prepaying the loan. By prepaying any loan, you would pay only the remaining balance of the loan. When you sign a loan or a lease you need to read the contract language carefully to understand what you are, and what you aren't allowed to do. For instance, why I bought my 2004 Ford, they had a 1500 off if you got the loan with them. It had a minimum length before prepayment of 3 months. I got the minimum loan allowable, got the 1500 off, paid 3 months worth of payments and interest, and then paid it off (effectively pocketing almost all of the discount).

    With a prepay, you would not pay the remaining balance of the loan, plus all of the remaining interest payments as well......you only pay off the remaining loan balance.

    If you must lease, but you have the cash, then you should put the money in the bank and pocket the interest. I believe there is also a risk of prepaying dealing with if the car is in a wreck. I'm not the expert here, but I think you might loose any extra payments or principal you may have put down. It believe it is this reason that many caution about putting more than is necessary as a down payment. Any excessive down payment is at risk of loosing if car is totalled.
  • hboduhbodu Member Posts: 7
    Brian:

    As the lease is a contract (not a simple interest loan) you do not save finance charges by paying it early. Also, you may want to check with American Honda Finance before doing that. There may be a clause in the contract that staes you must turn in the vehicle within 30 days of making your last payment. You may want to pay all but the last one.
  • saleemsaleem Member Posts: 114
    hi mvperez

    i think i've gone thru this before but my
    2007 Accord SE AT I4 bought in Jan 07

    18200 - car
    595 destination
    180 doc fee
    1315 7% tax
    7.50 tire tax

    I think that's it. I got em to throw in a leather steering wheel cover, uninstalled (cuz it takes an hour labor to install or something)

    then later (cuz were in NJ) the DMV charges for 4 years registration, title, plates etc came out to $254.

    IDK where in NJ you called. I called a LOT of dealers all across NJ, just so i could get their best prices. Open Road had a good price but they're crooks there -- I was actually ready to buy my car on Jan 2 but they gave huge hassles and attitude and lost my sale. They were at like 18500.

    The important dealers (the ones who gave me good prices) are below. To think of this in terms of other trims, the INVOICE price (not sticker) is $19,482. All prices are JUST car, no destination or doc fee.

    --DCH Brunswick - spoke with Bryanna, price 18400

    --Rt 22 said they'd do $500 off a written quote but later said UP to $500 off... later wouldnt do that, would only give 18700 (spoke with Chet or someone)

    --Honda Universe (Dan) said 18600... later John called and said they'd match Joyce @ 18200.

    --Metro Honda in Jersey City sounded really shady and no one wanted to tell me how much their doc fee was, and just wanted to know "if i was still coming in to buy the car". they said theyd do $500 off a written quote.

    --Planet Honda (Chigbo) said he'd beat DCH Brunswick and would do 18300. w/ a $300 doc fee.

    --Finally, Joyce Honda (Alan) said theyd do 18200. Joe (the manager) handled the deal for me. Very professional, very courtieous and quick. Matt was another rep there who knew his stuff. They didnt even ask for any paint sealant or garbage like that. I'd say it's worth going w/ Joyce even if they're a little higher, cuz they're not theives like some of the other dealerships....

    I really hope that lays EVERYTHING out... I wont be typing this all out anymore, since this is ALL ive got... ill just link to this post in the future. Enjoy, happy hunting!
  • kiawahkiawah Member Posts: 3,666
    I'm in Raleigh also. I'll be happy to write a contract with you.

    You give me your 36 payments up front, I'll put it in the bank and setup the computer to make your payments for you over the course of the next 3 years. Won't even charge you anything extra to do it, like a processing fee. I keep the interest earned.
  • mvperez4jesusmvperez4jesus Member Posts: 231
    AWESOME, thank's this is what i'd been looking for, this is what i call a deal, and a break down. thank's to u now i feel like an expert. i beleive that the majority of dealers that u mentioned are close to where i live. this is the best comment by far (at least that i know from nj). thanks boss. i will post my details once i get mine
  • mvperez4jesusmvperez4jesus Member Posts: 231
    well, since i 'd been hunting for the accord and camry i 'd call to hudson toyota/honda;planet honda said they will beat any deal, same hudson. honda/toyota 22 will do better with honda about the invoice, but with camry they beleive the camry can only go for the mrsp. route 1 samsone is a good choice for toyotas. to be very honest the one i beleive would have try to match your deal (with the 300 doc fees) is planet honda). but like i said before, yours is the best deal by far. the reason i beleive is the area where that dealer was located, more people with money where toyota's and camry's are second class type of cars; and or is because they sell more new cars than other dealers. i might be wrong. but in my case i ma looking to save the most so i can pay the car quicker.
    the last thing (i know you dais u won't comment more on the topic) but is u can... i have a chance to finace through my credit union, which i can do between a 4.99-5.49% financing but the only issue is that the want to finace at least 15000. in may case i want to put 8500 down which will give a decent wuite of 355-365 per 36 mon, now the only issue is that i don't thinkk they will want to finance only 12000. although i am planning to persude them to do so, or try to have the dealer beleiving that i will get that percentage regardless my down payment. because they don't have any problem if i pay it off the following day. but they want to have at least 15000 which will increment my quotes and interests. the only convinience that i have with my credit union, is that it will be deducted from my check. bottom line did u get a good financing deal, or u had your own bank, or what not... thanks
  • saleemsaleem Member Posts: 114
    hey.. nah i just dont want to write ALL that out again thats all.

    I had my own financing thru an FCU, 5.25%. Is there a pre-pay penalty for your loan? Take $15,000 financing like they want; for the first payment, send $3000. If there is no penalty, you'll never pay the interest on that $3000.

    I can't help you with your camry/accord decision. While I found the camry to have a much softer ride, the accord drove better, looked better, had equally good resale value, and i just liked it better. the interior of the camry is disgusting, like someone spilt milk across everything. and it was more expensive than a similarly equipped accord.

    it seems youre in north jersey, in which case i'd say go to joyce or someone around there. maybe rt 22 honda in clifton can give you a good price.

    please dont hesitate if you have any more questions
  • kyfdxkyfdx Moderator Posts: 265,778
    There are "one-payment" leases, but I'm not sure if Honda Finance does them..

    You can reduce your finance charges in this manner, but you can't eliminate them. The only way to eliminate finance charges is to pay cash for the car.

    Generally, a one-pay lease works this way. They figure it as a traditional lease, but re-calculate it with a lower money factor, to account for the money being paid upfront. Then the new lower payment is multiplied by the lease term, and you pay that amount upfront.

    The reason that finance charges aren't eliminated? When you pre-pay a lease, you are only paying the car down to the residual amount. So, if the residual is $12K, you are basically borrowing that amount of money over the term of the lease, even though you made the payments upfront.

    You definitely don't want to do a traditional lease, then try to save money by making the payments early... That won't save you anything at all.

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kilnkiln Member Posts: 41
    Is this a good deal?

    2007 Honda Accord SE V-6

    $20414 - car w/destination
    $599 - doc fees :surprise:
    $30 - misc fees
    $1473 - tax
    $22516 - total

    tag/title extra

    Thanks in advance...
  • george201george201 Member Posts: 6
    Hey Brian, I am in Durham too! Just out of curiousity which of the three places did you get it from? I got a VP from Leith Honda last month since their internet quote beat both Crown and Cary Honda by a couple hundred.

    About this 399 doc fee dealers charge around here, it seems like everybody (not just Honda) charges it, well, at least I know the Toyota people do. Maybe you should try and see if you can ask them to take it off for you, so far I haven't heard any success stories though...
  • brian1848brian1848 Member Posts: 13
    Thanks to all those that responded re: my lease question - I ended up going with a regular lease and will be making payments for the next 3 years. Overall I am very happy with the deal.

    george201, I actually ended up going with AutoPark Honda in Cary (they are actually owned by Leith but have different management). Crown was not willing to give me as much for my trade-in and I was able to 'work' all three dealerships against each other. The "financial" aspects of the deal were all done via email and it was pretty painless overall and I feel like I got a pretty good deal. They were also able to get me the "best" money factor even though my credit score was about 25 points below (probably because I have been paying them over $500.00 a month for the last 4.5 years on my previous cars). They didn't budge on the "doc" fees but I was able to get them to lower the price of the car by an additional $150 by leveraging another quote.

    For any Triangle folks looking at these posts, best you can do is to quote the dealerships against each other -- and get at least one quote from a dealership out of town (I got one from the High Point dealer) just as leverage. I was pretty sure I wasn't going to go with them (and only spent 10 minutes on the phone with the guy) as I wanted to deal locally, but I think it helped me save about $300-500 on the deal to be able to "threaten" them to buy out of town.

    As with many things in life, patience is a virtue -- it took me 5 days (and probably 6 hours) to get everything where I felt comfortable...
  • mvperez4jesusmvperez4jesus Member Posts: 231
    good idea; and no i don't have any penalties. i can pay the loan the following day if i want to. but again thanks. i will have to ask then. but i guess while i try i will see if they (honda) has the same or better deal. one more question the leather on the steering wheel was incl in the price or u paid for it?
  • saleemsaleem Member Posts: 114
    it was the leather steering wheel cover, and it was included in the price (handaaccessories.com has it for like $50 i think??? it was not installed - they mailed me the cover, and the thread/needle to "install"/sew it. :P

    gluck with the purchase!
  • stevehechtstevehecht Member Posts: 96
    I paid $22,300 OTD in November, so you should be able to do at least that well now. Your doc+misc fees look very high. Get them to knock it down by $300 and you'd be in the ballpark at around $22,400 including tags and title. (Is your tax rate >5%?)
  • mvperez4jesusmvperez4jesus Member Posts: 231
    thanks, very helpful. i will reach out to them for a test drive and hopefully they will have the colors i want (black/cool ble/marrocan red). i guee it could be any of those, thanks again
  • jc278jc278 Member Posts: 4
    I recently purchased a new Honda Accord SE. After 2 weeks of dealing with nonsense trying to get my paperwork, the dealership finally faxed me over my invoice and warranty, and I already had a copy of my financing agreement. Is this the only paperwork I need after my purchase. Do I need to get anything else from the dealership? Please Advise
    Thanks
  • jb_turnerjb_turner Member Posts: 702
    You should be able to get this for $19500 - car w/destination if they cant WALK!
  • dolfan1dolfan1 Member Posts: 218
    I figured you could get a 4cyl for that, but a V6 SE for 19500?
  • aamixyaamixy Member Posts: 69
    Lease is on an Accord SE V6, $2199 at signing including first month payment, $209/mo payment for 36month. But the lease also says $1395 downpay. I am a little confused. What's the total I'll pay in the 36 months? Is it $1395+$209*36+ttl? Or $2199+$209*35+ttl? Overall is this a good deal? Can I bargain the initial and depreciation values with the dealer on this specific deal, or everything is fixed by Honda? Thank you very much.
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