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This was a 2007 Accord -- yes? If it was an 08, what caliber of gun did you hold to their head . . .. that seems WAY to good to be true.
Good example of why the "prices paid" forum should only be a very rough guide to realistic pricing.
Dennis
I did call other dealers to see if I can get something similar, because Boch Honda is about 60 miles from my house. The closest price was from Herb Chambers in Boston at $23,145. Their doc fee was also a bit higher, at $379.
I was fully prepared to walk out of their dealership if they didn't honor that ad. But they did. I did have a trade, but we started talking about it after we established the price on the new car (I know the rules...). The trade was a 1999 Toyota Camry with 140k miles, condition too poor for kbb.com to give me an online appraisal.
And they also matched my credit union for the interest rate, 5.2% for 60 months with Chase.
It would make more sense if they beat your credit union rate rather than only matching it.
Another item I bought was the 8 year 120,000 mile non-deductible Honda Care Warranty. I had located a Honda dealer in Rhode Island on the INTERNET who was selling that warranty for $995. I just did a search on EXTENDED CAR WARRANTY.
When closing the deal at my dealer in Baltimore I asked about the HONDA CARE Warranty. Initially the salesman pulled up a chart with various milages for both the $100 deductible and the non-deductible plans. His initial price for the plan I got was $1999.95. When I show him the printout from the RI Honda Dealer he said WOW that $995 was my dealer's cost. Almost immediately he came down to $1095 which I took. I intend to keep the car well beyond 120,000 miles.
If any here keep their cars long time it might be worth it to check out the Honda Care plan.
Every dealer I have been to has a way to deal with this without requiring you to wait for 3 days. One way is an "Either Or" contract, where they setup financing that allows you to drive off the lot and get your financing, but if you fail to get your own financing, the car remains on the contract you signed.
There are also other ways to do it especially if you buy the car during the hours your credit union is physically open and the dealer can call to verify the check. Some credit unions have electronic connections to local dealers and they don't even need to call.
However, if you think the rates at your credit union will fall and you will refinance later for the lower rate, what you did could make sense if there isn't a prepayment penalty from the finance company and the loan balance isn't higher than the car's value when you're ready to refinance it.
Honda MSRP Price $26,495.00
Destination Charge Included
Additional Options
Internet Sale Price Inc. Coupon -$200 $23,736.33
Documentary Service Fee
$250
Title Fees $25.50
How much extra was the dealer's doc or prep fee?
You gotta love these dealers that don't include destination in their ads, by the way.
Dennis
What the credit union should have done is simply deposit the amount required into the buyer's checking account then they just write a check for the new car. Not only is this cool to do it makes things a lot easier.
In the dealers case, being present with a bank "draft" and not a check could mean a delay in getting their money - or not getting it at all. As you said, if the buyer had help firm I am sure they could have worked something out for "just in case" and used the draft. As long as there is no set up fee, simple interest, and no early pay off penalty then it really does not matter.
Dennis
People do this every day. There are various alternatives as long as you buy the car during normal business hours (even Saturdays before the credit union phone line closes).
A personal check can also bounce or be a fake check.
Banks can electronically transfer funds to the dealer's account with no paper check at all.
I have been given a quote of $28,313 + $368 Doc fee, +$35 for a 90 day temp tag for a 08 EXL V6 4dr w/Nav. It comes with Splash guards and Window tent. I'm asking to have the Spoiler put on for $600. I think this is a reasonable deal, not the best but good, it is in Basque Red which has been difficult for me to find. I have a little bit of a rub in buying from the dealer in Tempe as they sprang on me a required sales tax of 5.6%, a 1.8% city tax & a .7% county tax. I live in Idaho (we have a 6% sales tax) and feel like thats all i should be payiing. Any help here on the tax case?
I just happen to be coming through Phoenix on a trip which has put me in the city already and i'm willing to drive it back to Idaho but not sure i should have to pay the extra 2.1% difference (about $600). anyone with insights on this? I'm not scheduled to pick it up till the 28th of this month.
I am new to buying cars and am looking to buy a 2008 Honda Accord EX Sedan automatic 4D. The out the door price per the dealer is $23k. My credit score is a little over 700: Can someone please tell me what APR I must be looking at? And if the price is good?
I was offered 30K even OTD V6 coupe with NAV so this price is dooable folks!
What does that mean? Destination charge is part of the price charged nationwide, so the price before destination charge doesn't matter much.
Sales tax and license has to be the same since it is a mandatory government fee, but the dealers can ask whatever they want for doc fees. So, what is the doc fee you were charged?
You're wrong, he's right. Illinois has a maximum doc fee that dealers can charge. I think IL recently increased the maximum amount a dealer can charge for a doc fee to, I believe, $150. I also think the law also states that a dealer does not have to charge a doc fee at all but if it does, it has to charge the same doc fee to all buyers. So, in reality, each dealer has a set doc fee and, from my experience, they all pretty much charge the same and it is usually the max the state allows.
Dennis
You're wrong, he's right. Illinois has a maximum doc fee that dealers can charge. I think IL recently increased the maximum amount a dealer can charge for a doc fee to, I believe, $150
In YOUR state he may be wrong, but many states - including mine and many others where I have car shopped - have no limit on dealer doc or prep fees. In those states, he is correct. In high end dealerships $500 or more is "normal" and in some large metro areas (Atlanta) it seems like every dealer charges several hundred in doc fees. Their excuse is always "the other dealers charge it" or some such.
Having a high doc fee does not preclude you from getting a good deal, as long as you take that into account. Our Pilot price from a GA dealer was down into the hold back even when you included the high dealer fee.
Dennis
If it was $150, he could have either simply said so or added it the price and said he paid $27,485 including doc fees.
It's just nice that some states have stepped up and regulated it to give one less thing to have to worry about in negotiations.
From an e-mail today:
ALL-NEW REDESIGNED 2008
HONDA ACCORD LX SEDAN
BEST FAMILY SEDAN
AUTOMATIC TRANSMISSION
MSRP: $21,795
DEALER INVOICE COST: $19,815
HOLMES INTERNET PRICE: $19,215
60 MOS AT 3.9% APR: $353/MO
Good through March 24, the e-mail says.
Again, no connect to me nor have I ever purchased from them but I thought I would pass it along. I have no idea if they have a doc fee or not, etc, etc.
Dennis
2008 Honda Accord Lx-P Auto Sedan
Total all fees included (and listed below)
Selling price $20595 (inc handsfree link, wheel locks and mudguards)
Doc Fee $55
Sales Tax $1497.13 (ventura county registration)
DMV fees $196
State Tire Fee $8.75
---------------------------------
Total $22351.88 (OTD)
Just like putting a stamp on an envelope.
EXL coupes have been in short supply so if the price is your main consideration you might want to at least consider a sedan.
"i live in chicago and doc fees, taxes, licence and fees are pretty much the same at all dealerships."
means just that. in IL there arent many variable outside of the cost of the car. (which makes car buying much easier btw) i know that destination is part of the cost, but ask a dealer his best price and ill bet you it wont include the destination. i recieved multiple price quotes, almost none of them included destination (because the price is lower). i posted the numbers there to help people compare prices (and so i wont get a post to ask if the price included destination or not)
If you don't list it, people will wonder if you paid $45 or $450 and not everyone is in your area.
In my area doc fee is limited to $55. In other areas, the dealers can charge whatever they feel like charging.
I was quoted $24950 2 days ago by the internet manager which included destination and I called to confirm that this was the correct price and that the car was available in the colors I preferred. He confirmed it was.
It was the lowest quote I received and I called/ emailed some other dealers in the area to see if they could beat that price and they said they couldn't/ wouldn't.
I went in today with the printed email with the price quote and thats the price I got. I was surprised that they didn't try to raise the price on me when I got there but it worked out well. Very good experience overall.
Pricing Breakdown-
Accord EX-L 4dr I-4 w/ Nav - $24950
(this also included mudflaps that the dealer had installed which I only found out the car had when I was about to drive it home. Didn't really want them but oh well....) :shades:
Doc fee - $150
Title/ License - $143
Tax - $2200
OTD- $27443
I saw some older posts... a guy for a v6-L with nav for OTD $27K
I think is lot better deal than yours...and his posts is from chicago too...
ouch!!
Don't believe everything you hear or read! That poster was asked for confirmation and follow-up and never did. $27k OTD (assuming otd includes tax and license) for an 08 V6 w/ Navi is not a reasonable price. maybe in 5 years...
The best V6 Navi price posted so far and actually resulted in actual sale is the $27300 plus TTL. For the I4 trim, take about $2k off.
$21,200 for EX auto, and $22,850 for EX-L auto, destination fee included
Doc: $55.
I will keep you guys posted once I finish with something in the weekend.
Hope this helps.
What dealership did you get your exl from?