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This is my first time buying a car and I'm not sure what offers to expect from dealers. I want the 2008 Accord EX-L V6 (no nav). Did anyone here get one recently from an Honda dealership 100 miles from Santa Barbara? I am interesting is knowing how good a deal you can get, and which dealerships are recommended in my area.
Thanks a bunch!
Dennis
Thanks
MSRP $20,825 (+dest $595)
Invoice $18,774
Got a few quotes at about $1000-1500 under invoice, for right around $18,000+ttl give or take a few hundred. Not quite cheap enough given the redesign. Might as well buy the 08. Is that as cheap as it gets for a leftover in the year of a major overhaul?
This must have been an unpopular configuration given that I can still find about a dozen of them within 75 miles. I have seen posts referring to dealer bonus cash on leftover 6 cylinders, but not on the fours. What do the dealers hope to do with these cars?
I printed out the national lease offers honda has on there website and went with her to the dealer to show it to them. At first we asked what lease offers they had on the accord and the dealer said $329 a month with $2000 down out the door. Then i showed them the national offers honda had on their website and he was like let me see what i can do. I knew right away that they had to honor the offer since it was directly on the website. He said alright well honor it.
2008 Accord 4-Cylinder Sedan LX Featured Standard Lease
$219.00 per month for 36 months. $2,599.00 total due at signing.
Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
FEATURED LEASE: Closed-end lease for 2008 Accord 4-Cylinder LX Sedan Automatic Transmission (Model CP2638EW) for $219.00 per month for 36 months with a $1,785.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,599.00 total due at lease signing (includes first month's payment, no security deposit, AHFC upfront acquisition fee and capitalized cost reduction. Security deposit waived in featured lease example. Total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.
So all said and done the cars msrp was $21,795 we got it for $20,066 selling price. $250 over invoice which is pretty good i guess. We paid all the taxes upfront with the cap cost reduction, first month, taxes, fees, etc... We wanted the lowest monthly rate possible so we paid the taxes upfront. Out the door it was about $3,546 at $219 a month for 36 months. I didnt know what the residual value was and the money factor at the time of signing. What do you guys think the residual is and money factor would be with that amount down? Was it a good deal? and is it worth buying out the car at the end or giving it back?
Sorry for the long post.
- If your Mom wants to keep the car for over 5 years or may be 10 years or more BUY it.
- If she wants to replace it with a newer model after few years she can lease it. Carefully adding up all costs paying out to the dealer including the buy-out amount at end of 36th month. Lease is always very expensive, limiting driving miles, etc.
Your Dad should do the math with your Mom carefully. $20K+ for an Accord LX is not a good price.
At the end of the model run the manufacturer will give the dealers some buy down money on the left over cars and they are on their own to sell the left overs. Sounds like it might be $1,000 or $1,500 on this model (which seems pretty low). Honda has pretty much washed their hands on the 07 left overs, so I would doubt the price is going to drop down any more. If the dealer sells it for invoice less buy down less 100% of hold back that is the bottom line - and they will not want to sell it for less as they will lose money to sell the car.
Dennis
how did u negotiate? first time to buy a car, no experience
Your message #19255 stated that you received a quote of $22,255.71 + tax, etc for a drive out price of $23,886.63 for an Accord 08 4DR EX-L in TX which in a later post you said was Honda Cars of Katy.
I made the same offer to them today on the phone (I had already visited there earlier and test drove an EX-L) and they said there was no way they could do that. Did you actually buy one for that amount, or do you have some documentation from them with that quote? Any information you could provide would be helpful.
Richard
'08 EX-L V6 w/Nav Nighthawk Black Pearl on Ivory in MA
Sale price was a couple hundred under invoice at $27,800. The dealership refused to waive the "doc fee" of $250, but strangely agreed to reduce the price by that amount. I probably could have bargained it down a few hundred more, but I thought around the invoice price was fair. Interestingly, the salesperson consulted the edmunds TMV and invoice prices during our negotiation.
Congratulations and welcome to the club. Keep us posted on how it drives, etc.
Your price was GREAT. Some buyers do not like black color.
MSRP is $26495.
I got a quote for $24663 from a local dealer.
Sales tax in my town is 6%($1479.78) and also have to pay $145 for the tags.
Therefore Out to Door price is $26287.78
Is this a good deal?
I saw someone got a quote for same car for a $23980.
Also, this is my first time to buy a car.
NO experience in negotiating car.
Can you guys give me some advices?
Thanks
because i saw your other discussions and u wrote that u were in philadelphia area.
i'm not that far away from phily.
does it seem like good deal?
any one can confrim this news?
Unfortunately it appears that my color choices are rare, my dealer says that my car has to be ordered and will take anywhere from 1-3 months. So I don't have a drving impression or final OTD price yet. I will be keeping a very close eye on potential VCM issues. I drove three different EX-L V6's and couldn't feel anything. The sales tax here is 5%.
I completely understand why some people are hesitant to get black. I've already planned to spend some money on high quality wash products and regular detailing. It's tough to keep clean and scratch-free, but looks incredible when it's polished up!
God bless you so much with your EX-L V6 purchase. FYI, my sale tax here in N. Cali is 8.75%. The base price before TTL I paid for my EX-L early Dec 07 was about $1K or a little more than yours.
My '08 Accord V6 EX-L surely will get 33 - 40MPG on freeway rides with not much traffic interruption. I guarantee it. Its instant MPGs show on computer are 35, 40+ somestime 60MPG. It's very interesting with a hi-tech guy like me.
The $250 doc fee is significant extra money you pay to the dealer and and shouldn't be lumped with tax and license like it doesn't matter.
I think that is a great deal. Could you share more information? Such as the tax rate and fees you paid. I am having the plan to buy a LX-P too. I am in Washing DC metro area.
Once you've had a chance to drive it a bit please join us in the "VCM" thread and provide feedback as how it is working for you.