Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
But, just in case...What determines what a car will sell for is the prevailing market. What the dealer happened to pay for the car means nothing. A merchant doesn't invest 20 million dollars in a store just so he can sell his goods for what he paid for them.
Some markets have, literally been ruined and So. Calif is a good example of this. It is so dog eat dog that cars sometimes have to be cheap sold. These dealers can and will find other means to stay alive. They may charge outrageous doc. fees ect. these stores have constant turnover and can be miserable places for people to do business.
Accord coupes represent a small percentage of Accord production. As a result, they are in short supply. It is highly unlikely that any dealer would be willing to cheap sell one. In the case of NAVI V-6 coupes, they are so scarce that it's been months since I have seen one.
Holdback isn't 3% it is 2% and it ***helps*** pay a portion of flooring. It is not bottom line profit. Far from it. Most dealers will quickly lose interest if you bring this up and your salesperson may just give you an idea of the MASSIVE overhead that we pay every month just to open the doors.
Lastly, your trade in is a seperate issue.Some customers will tell us about how we will be making so much money on their trade in. Well, maybe, maybe not. A trade in is only worth as much as the dealer can buy one for at the local auction and nothing more. If it isundesirable trade in, the dealer may not want it at all despite what all of the "books" say it is worth. The big SUVS and cars that use a lot of gas are dead in the water right now. The people that we usually call either don't want them or they hit us thousand of dollars "back of book"
In the case of your RSX, there a lot of these on the market right now. They are great cars, but they were never big sellers. in 2005, Acura leased a bunch of these that are now hitting the auctions in big numbers.
Anyway, I'm sorry for the slow response. At this point you are probably driving your new car!
And, I hope I didn't offend anyone. Not my intension. Just trying to explain the realities of the marketplace. A market that seems to change daily sometimes.
Car- $23862 (Includes Destination of $635)
Wing Spoiler- $545
Cargo Net- $127
Sales Tax (8.75%, Damned Erie County New YorK!!!)- $2146
Document fee- $45
Inspection Fee- $10
Tire Tax- $12.50
Total OTD for car- $26,748
Financed about 11k at 0.9% for 36 Months.
Shouldn't we benefit all readers by posting details on the public post? Thanks.
In the Seattle area sales tax on cars is 9.3% !
But we don't have any "inspection fees" - What is that?
And no "tire taxes" Again...???
Your honesty is appreciated. I'd rather be an educated buyer than one who is overconfident with incorrect information. As far as the holdback amount, the 3% figure is one I got right here on edmunds.com.
link title
It lists Honda as 3% of the Base MSRP. So, I'm not sure why there is a discrepancy.
Anyways, your post was not too late. I am still driving the RSX, as I have been unable to find a deal here in AZ on a Coupe that I've found suitable. The quotes I've received for a 5-speed manual EX Coupe have been about $1,000 over invoice in many cases. Coupled with high doc fees in the area (usually close to $400) and the less than stellar lease rates on Accords right now, I just haven't been inclined to pull the trigger.
I've never had a single issue with my Acura, it still has low miles and is a sporty car, so I haven't been in a real hurry to make a move. If I do finally decide to ramp up my search, I believe I'll expand to So. Cal dealers since the 4-5 hour drive would be worth the extra savings to me.
Thanks again for the info.
Again, it isn't bottom line profit, far from it.
I know I rambled, but my point was simply that the prevailing market is what determines pricing. Not just on cars but on most commodity items. I honestly think that some people focus more on how much profit a dealer may be making than on the VALUE of the car to them.
1000.00 over invoice on a short supply car really isn't a bad deal at all.
Would it be really worth it to you to drive to California to maybe save a few hundred dollars? I'm sure your Acura is in great shape but do remember that every month when a new book comes out, it drops in value.
The fact that you want a 5 speed could help you. These aren't nearly as popular as the automatics are and as a result, a dealer who is sitting on a couple of them may be willing to do a cheap deal.
But then remember that cars that are hard to sell as new cars are even harder to sell later as used cars. If you are leasing, it guess it doesn't matter.
That 400.00 doc fee is nuts. We charge 50.00.
Good Luck!
Tire Tax is 2.50 per tire for each new tire sold in NY (4 on car plus the spare, thus $12.50). This is a tax being used to help finance the cost of waste tire disposal or something like that. In reality its just another way to add a fee to everything we do in this state.
We're considering a move back to West Seattle next year. Both my wife and I miss Seattle.
Out the door - $27,746
Good deal?
we drove new Malibu, Camry top of the line V6 and 4, and the Hybrid in addition to the Honda Accord--
the Malibu is the most quiet of them all I think but the gas mpg for the V6 is not that great and the hybrid is only 2 mpg more than the 4--that is no reason to buy one
Yes, there are cars that are quietier but there will be a loss of handling.
I have had people bring decimal meters and compare Hondas to other cars. The differences are so small that most people wouldn't notice.
Can Honda continue to work on this? You bet they can but "extreme" isn't a fair description.
I pulled the original tires off of our 2003 CRV after only 32,000 miles and I replaced them with Michelin X's.
Wow...what a difference!
Honda? Are you listening?
As hard as I keep trying, I have yet to detect anything when the cylinders change modes? Maybe I just can't feel things or something?
I still try to steer my customers toward the 4 cyl models. I just think the V-6's are unnecessary given the power of the 4 bangers.
Gas isn't getting any cheaper!
According to some road test measurements, the Accord is quieter than a Malibu and the Malibu has more rear legroom. Both are ludicrous, but the methods they used to measure obtained those flawed results.
The Accord has a much more roomy rear seat than a Malibu and the Malibu is much more quiet. Anyone who has ridden in both cars back to back will see that.
The Accord does not have extreme road noise, but it's noisier than it really needs to be. The Malibu is quiet and has great handling. The same with the Camry SE.
I agree and we keep telling Honda that.
Still, I hear few complaints. The competition loves to make a big deal out of this too.
The Malibu has come a long way but for those who don't keep their cars ten years, the resale would be a major factor in my mind, not to buy one.
A question: Any dealer money on S2000 models? Edmunds says no, but the featured lease special on them has the car priced at $31,698.46 against a $31,769 invoice. Normally on any published lease special there is still a good bit of room to price the car lower - maybe by $1k or more in some cases. This is the first time I can recall the S lease deal being at or below invoice with no known (to Edmunds) incentives. I have a quote of $30,168 for an 08 S to replace my 05 and I am wondering if there is any more meat on that bone and/or how they are pricing it so low .
Thanks!
Dennis
Do you think Honda will offer a different 6-cyl option on the 2009s?
S-2000's are a very limited production car that don't sell in big numbers so there would be little need to do this.
Honda leaves very little fluff in thier published lease specials.
For 30,168 I don't know how you could do any better than that.
I have the 4cyl EX-L/Nav, and I'm TELLING you it has passenger side power seats.
Can't please everybody and keep prices withing reason too so the car manufactures try to please the masses I suppose.
I think I've had two customers (out of hundreds) gripe because the 4 cyls didn't have a power pass. seat.
One customer switched to a V-6 strictly because of that!
If you haven't done so, test them both out on the same route, on the same day. You may find that this is not an issue. For myself, its not.
Just my thoughts.
What bothers one person isn't noticed by others until it's pointed out to them.
Things get hugely overblown in forums like this and some people will believe everything they read.
As an example, we had a beautiful 1999 Accord V-6 coupe and I never, ever noticed the sunroof squeaking over bumps until someone made a HUGE deal out of this in one of these forums.
About a week later, I was in an underground parking facility with my radio off and to my horror, I too, had the dreaded squeak!
The cure was a ten second application of a silicone lube which solved my horrible problem!
Dennis
and has the light "dance-floor" light sports car steering not in Acuras.
They were quite a bit more money then the non hybrids and they didn't get that much better mileage.
I never heard any complaints about the wheels. Most hybrid buyers don't care. It was just a car that didn't sell well.
Another flaw was no electric only mode. Even if you are stuck in crawling traffic it always fires the gas motor even to pull forward a few feet. The Prius and the current Civic hybrid can move on electric only to really save fuel in slow / stopped traffic.
Once Honda announced they were dropping them from the lineup I saw several dealers giving them away to get them off the lot. At those prices it was not as bad a deal .
Dennis
What dealership / part of the country is this? I am looking for a manual EX Coupe as well, and they are pretty scarce - there are two in my entire state. If you can get one near invoice without any hidden charges added on, you are most likely getting a good deal.
The residual looks a little low, but I'm sure one of the dealer / salespeople on this forum can confirm the numbers for you. Almost everyone here will tell you to put as little money down as possible on a lease, since you can't get that money back if the vehicle were totaled or stolen.
You're best off negotiating the out-the-door price on the vehicle, and plugging that number into one of the lease calculators available online to figure out what it will cost you each month. Never negotiate a lease by monthly payment or down payment - there are just too many variables.
Make sure you are aware of any fees (documentation, tire tax, etc.) and dealer upgrades that may change the price of the vehicle. Honda also charges a $595 acquisition fee on its leases. I'm nearly positive that this fee is non-negotiable. Good luck in your search.
I could hear more road noise in the Accord than the Malibu driving on the same coarse road surface. On glass smooth asphalt, you may notice little difference.
It is common knowledge that the Accords and most Hondas in general are not the quietest cars you can buy for the money and is not really debatable.
I'm not sure the extra noise by itself is enough of a problem to not buy the car, but it is an additional negative point to the Accord that may push it out of the running for me.
I think Honda has the arrogant mentality of: "People will still buy it even if it's loud, so why bother trying to make it as quiet as other cars?"
I agree that they should work on this and they have. The new ones are quieter than the provious models but they still have a ways to go.
Most people aren't that bothered by it, I know I'm not. I don't expect a Honda to have the noise level or the ride of a Buick.
What would you rather have? A fast depreciating Chevy?
I was the one asking, but thanks for the info. So I can do the fairly cheap lease deal (0.00073 MF and 54% residual) and the dealer gets $1,000 off of invoice as well?
That would explain the price I got, which is $1,600 or so under invoice and using up about all the hold back. I guess there is no more meat on that bone . So I can buy my 05 S off lease or give it back and get an 08. I am leaning toward the 08.
Thanks again,
Dennis
If you are leasing, then I would say you should try the Malibu if they have an nice lease deal on it. With the current Accord rates it may be a better buy. If you are purchasing then it is pretty much a no-brainer as to which car will hold its value better and which car will have fewer problems down the road. Since you can get an Accord for invoice these days (and with cheap financing) they would have to be giving away the Malibu for a lot less to make me want it. But that is just me, it is your money so get what turns your crank.
Hondas are not without flaws, road noise may be one thing (which does not bother me). My pet peeve is the cheap, thin paint on them. Way too easy to scratch and chip and it has been that way for several years. I have no chips or scratches on the other cars I have, but it seems like every Honda I have or had lost some paint.
For resale value and overall quality for the dollar Honda products are pretty hard to beat.
Dennis
The Malibu isn't the only much quieter car competing with the Accord anyway. The Camry has been quieter for generations and is not "fast depreciating." Even the Malibu depreciation won't be bad because it is more more popular than old Malibus and is not being being overproduced. The combination of dated, noncompetitive designs and massive overproduction is why cars like the Malibu have had very bad residual values. Few people liked the old Malibu and only bought them because they were much cheaper than what they really wanted..
The new Malibu doesn't have that problem because more people buy them that aren't using discounting off the price as100% of their justification and lease the residuals are much higher than before.
For a CAPTIVE lease residual from GMAC that may be the case, but if you look at the industry standard ALG residual you will see the Malibu is 46% - 47% (LT trim) VS 56% for the Accord (in LX-P trim). On a 3rd party lease this makes the Accord $70 or so cheaper per month than an LT Malibu. End of lease value of $9k to $10k VS nearly $13k for the Accord.
If you hate Honda and Accords so bad, why do you keep posting in the Honda forums? I am sure folks over in the Camry and Malibu forums would appreciate your insightful and accurate comments.
Dennis
I think the resale of the Malibu may be pretty good based on it's ratings and popularity vs the old Malibus and the fact that they aren't overproducing them and then trying to artificially force sales beyond what the market will bear via huge rebates, but it's risky to buy it and find out later.
So, if I want a better guarantee of good resale, I can get a Camry instead and have the better resale and still have a quiet ride. Lots of choices. I don't want to drive a car I don't really like just so I can sell it for more money in 6 years.
I liked the Accord enough to consider it and shop it against other cars. I didn't shop the Aveo or a Maybach or post in those forums because there is no chance I will get either.
Why does someone have to hate Hondas to point out that it's louder than the Camry and Malibu?
So if you like Honda's then you just have to accept them as faultless?
As long as they keep selling Malibus and Camrys to the rental companies, resale will always suffer when a year later these cars are dumped em masse at the auctions.
Even affects Camrys but nothing like a domestic.
Prior daily rental Camrys CEs and very stripped LEs are not much of a resale problem. In fact, I've looked at them and as 1 year old cars with 25-30K miles, they weren't discounted enough for me to see them as attractive vs just getting a new one.
But others are buying them at those prices, so resale value is apparently pretty good..
I was told to wait the following day to get the general sales manager's approval, but once I let it go into this month, it seemed like the deal just vanished into thin air. My only remaining option (which is still available now) is to accept the color on the lot for the $27,300 price tag, or pay a ridiculous $1,000 more to get the color I want (from either a dealer exchange or factory order). Since I don't feel like settling for the available color, am I still delusional to think that this deal will again become realistic once it reaches the end of this month?
I have been told at different times that my quoted price reflects a $60, $110, and $300 profit for the dealership, so I don't know what to believe. I really want a specific color in this car, but I don't know if I'm going to have to pay an arm and a leg for it. Anyone have any advice?