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Comments
The Accord is a great car, no question about it, but there are other alternatives.
I got the internet quote and its mentioned that Dealer/Lender fee, Dest fee, DMV, etc are not included but they didn't mention how much are they going to cost.
Can we bargain from the internet quote???
I hear this every day...people call me and ask me for my "best" price. When I give them a rock bottom number, they still ask for more.
Are you saying you never went lower than your "best" price to make a deal? Do you always give your absolute lowest price on the first quote?
If so, you are probably the only person on the planet that does that. It is all negotiation.. You want the most money for the car.... the buyer wants to pay the least... Nothing wrong with that.
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" I don't like to go back and forth or play games...just give me your bottom dollar"
" O.K...I'll let you have that for 17,433"
" Can't you do any better than that"?
A few years ago, I told a story here. We had a area with a bunch of new Hondas all sale tagged. One of the lot attendants made a HUGE mistake and he tagged an EX Civic with a tag for an LX. We would have lost a lot of money.
Sure enough, a customer spotted that car and made a beeline for it. I saw a MAJOR error had been made. After talking to my boss, I told the customer it was a horrible mistake but we would honor that price.
I sat him down and wrote up the deal. Not good enough for him. He actually offered 500.00 less!
I let him know we would honor that price NOW! If he left, I would correct the error. Well, he didn't believe me and left saying he needed to "research" the deal.
I immediatly corrected the sale tag. An hour later, he was standing in front of me. " I'll take the car"
" Great, here is the new price"
It was hard not to laugh as he walked out shaking his head.
You have to do your research.. when you find a great deal, pounce on it!!
But, always ask for a little less....
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Your job is to make money on customers and on the other hand customers try to get the car for lowest price. I think there is nothing wrong in negotiating. If you are selling a car for $20k an avg and when the customer asks for initial quote..you gave him 22K and if the customer is ready to take it..will you tell him that he can bargain it to 20k or sell it for 22k?
" I don't like to go back and forth or play games...just give me your bottom dollar"
" O.K...I'll let you have that for 17,433"
" Can't you do any better than that"?
It's funny cuz you don't give him the absolute lowest price first time around...you still cushion it with profit, however little it may be.
$ 26K out the door from Honda Carland in Roswell, GA. While I don't have the breakdown of my base price ($ 23,740), I am fairly certain that I got it for about $1K - $ 1,250 below invoice.
Purchase was initially handled via fax, phone and email with several other local dealerships (thanks to Fighting Chance for teaching me that process) and then finalized with Carland.
Anyway, my question is this. Dealers *seem* to make very little per car sold. A couple hundred bucks on keen buyers, maybe 1,500 on dumb customers right now. Maybe when the 03-07 accord was newer they were getting more, but still, this doesnt pay for the salary of ALLLL those salesmen and support staff, the building, etc. So is the actual sale of the car really a "loss-leader" for keeping them for service etc? I guess money is made on extended warranties and the fee-room.
I don't think too many car dealers are losing money..
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The Sandman
Some of these chain stores and quickie lube places butcher the cars too. They use cheap oil filters, overtighten oil pan bolts and strip the threads out. They sometimes put in too much or too little oil too.
Funny, the other shops usually aren't that less expensive.
So, we don't see all of those 300,000 Accords.
A lot of dealers have adjusted their prices on things like brake jobs and oil changes. You just think you are saving a lot of money.
And a question...
If you were looking at two used cars, the make doesn't matter. One car had heen totally dealer maintained and the seller had a folder full of records. The other car had been to K-Mart, Wal, Mart, Firestone etc for all of it's service, would one of these cars be more appealing to you?
Also, the "chains" love to "up-sell". They are quick to push other items and repairs that may or not be needed.
I have a question. If you get a new Accord with navigation, and then buy the extended warranty from Honda, is the navi system covered by the extended warranty?
By the way, if Honda dealers do not make money or little money (like $100 per car etc), why the dealership is getting better and bigger every year. We are preconditioned to the MSRP and Invoice, and really have not idea the fair price - which should be dealer cost + margin (10%, 25%, whatever it may be)
:lemon:
If they give you less money for your trade, then that's more profit for them.
So, you need to negotiate and shop around or sell it to a private party or to CarMax.
And, yes, your NAVI sustem should be covered.
You can always sell it yourself if you think you can get more but ddepending on where you live, you could lose a sizable sales tax credit by doing so.
My brother drives an large, older Buick and swears by taking it to the dealer instead of these other places because they'll only do the maintenance he asked for in the first place.
After you have got a good price on the new car, you can start to pay physical visits the dealers. Your 2002 LX should have a very good resell value. The dealer will make money both ways, a lot of money. You should be able to stick with the trade in price from Edmunds or KBB. I also traded in my Camry 04 LE when I got my EX-L. The first several dealers only would offer 11000 at the most. The last one offered 12800 and they earned my business. BTW, they are selling this car at $14995 as an internet special.
You need some patience especially when there is a trade-in involved. The salesperson has a lot of skills to talk you into there price scheme. They are real professionals.
It's pretty simple really. If you don't like what you are offered, just sell it yourself!
Guess have to be patient. Indeed, salesperon's job is too drive up the price as much as possible, he/she has the time. But I don't that's why I don't like to buy new car.
Hey Isellhondas is their another rebate to the dealer avaiable at the moment? Or one coming
Dealers always low ball trades, regardless if it's a Honda, Toyota, etc.
That is true. However, you may also want to consider the tax saving and time/trouble saving for trade-in.
I will be purchasing in the next month and would like to know also if the rebate is still in effect with so many Accords going for below invoice.
I know I got a great deal because their two dealers near my house and uncle’s (Pauly Honda and Motor Werks in Barrington) quoted $400-$500 higher and cannot match Grand Honda’s price. Actually, their original quotes were $300-$400 higher, but I called GH and said if they lower their quote by $100, I would come buy today so it became $400-$500, and they said ok right away. I was afraid that GH may pull something like jack up the APR (since I don’t know my uncle’s score), but I asked them to pull his record before making the 30 mile drive and they that he qualified for the Honda’s offering rate of 4.9% for 60 months.
He also quoted an LP for $18,495, which is also lower than the other two Honda dealers.
I asked the salesman to put it in writing and sent my husband and uncle off. Once they got there, they tested the car, picked a color, signed the paperwork, and drove home, door to door was only 3 hours. It was the most pleasant experience that they had experienced. They said that everyone there was very nice and professional and there was no hassle whatsoever. My negotiation was done over four hours over the phone, including time waiting for the salesman to call back. I sent 3 emails, about 10 phone calls between the dealers (Pauly quoted cash price and Barrington quoted financing price so I had to clarify who’s quoting what). It was a whole new experience for me and I love it, it beats spending hours negotiating at the dealer and not even knowing if I got the best price or not).
However, my husband said that the Finance guy did ask if we want the extended warranty for $2000 (something like 6 years, 100,000 miles), but my husband said that my wife would kill me if I buy anything else, and the Finance guy smiled and stopped i
Thanks. I hope to test drive during spring break and buy in April--once my wife gives me premission.
I know I'm not the norm though!
when i bought mine no one mentioned any dealer incentive.
I knew what I was willing to pay, and that's the way it turned out.
I get these emails boasting great reductions and that "this is only good for X amount of days." Yet I keep receiving these messages every week or two.
The only changes I would anticipate towards the summer/fall are deeper discounts. Of course the dealers want you in there ASAP. I still see 10,000 accords sitting on the lots.
As for the financing rates...that's a different story.
Just my 2 cents.
I have seen people trying so hard to play the wating game in hopes prices will go lower but often they don't. Inventories shrink to the point there is no reason to continue incentives.
And there are always people who happen to really LIKE the current model and are fearful of the changes in the new redesign. For that reason (and for the savings)they will buy now when they can still get the model and color they really want.
Saving a few dollars isn''t the most important thing to a lot of people.
Why doesnt the dealer incentive show on Edmunds anymore?
Another 100 or 200 is great. You need to take into account the interest on this... heck, would you rather pay 20,000 or 20,500 if you had your way?
I'm sure most people reading these posts ARE money-conscious, which is why they are here to begin with, and wouldn't mind saving a couple hundred bucks. Besides, if they can wait a few months, as they said earlier, what's the harm in that? Again, the Accord inventory is nowhere near depletion.
Maybe to you saving a few hundred isn't a big deal; to me spending a few thousand (nearly 10K more) on a house crumbs off the cake. And to Mr. Gates saving a few million is pocket change. Be mindful to respect every individuals' situation.
I will say that I'm one of those who prefer to buy the last year of the current model than the 1st year of the new model. I dont' particularly fancy the new design- but this did not spur me to rush into a 20K purchase.