Not sure about Feb, but as of today I have recieved a couple of quotes already in my area (central ohio) under invoice for a 2011 EX. I too am trying to decide to lease now or wait till after the first of the year.
I share in your enthusiasm in buying a new car. But to grab a first production year- new model or redesign is a very risky investment. There are so many thread’s on the internet, and even this forum that deal with all the problems of a first model year car especially the first ones off the production line.
1. I’m just curious as to why you are scrambling to get to the finish line first? I have owned 3Hondas & 3 Acura’s All have served me and my family well over the years. But one lesson I always remember from a article in consumer reports many years ago about being a Guinea pig for a auto maker. When you buy first model year you also get these free features included at no charge: 2. Untested new technology, design flaws, recalls ect and you still pay full price to be a test pilot.
Wouldn’t you rather wait until the “bugs” are all worked out. And let the headaches be someone else to have?
Especially when a car first comes out it is months before most bugs are even known issues, not to mention the prices of the vehicle always sells at or near MSRP. I guess most people have so much excess money to burn, they love to piss it away. It must be nice
Hi fixmix. I dont have a specific contact for the lowest price that was emailed to me. I simply requested a quote via the Honda website from Lindsay Honda in central ohio and the dealership sent a form email that had the vehicle cost listed on it. Hope this helps
Having recently dealt with those stores on a prospective '10 Odyssey purchase, I can assure readers that there is NO WAY those dealers will sell an '11 for the figures quoted. Perhaps someone is confusing MSRP with invoice here. Or, maybe, the quotes were actually for a '10.
As it turned out, the stores in the Columbus area were WAY higher than in Dayton where I ended up buying the '10.
I purchased a 2011 Odyssey Touring today from Ken Dixon Honda in Waldorf, Maryland. I have never heard of the dealership and came accross them while sufing the net. Since I live about an hour away in Rockville, Md I went through their internet sales division. I was quoted a price of $37,613 - $710 over invoice. I had talked to a number of dealers in the DC area and none of them were willing to sell for below MSRP. One in fact quoted me a price above MSRP. I thought that there was going to be a catch but to my delight when I arrived this morning the quoted price was correct. In addition to an outstnading price I found the dealership great to work with. The internet sales person and the sales manager were top notch. I have never had a more pleasurable car buying experience. In addtion to Honda they sell Chevy and Cadillac. If I am ever in the market again for one of those brands Ken Dixon will be my first stop.
Do you think its unreasonable to think Honda would give an incentive on the Odysseys anytime within the next 4-5 months (presidents day)? Considering this is a brand new model, would they hold off on incentives until much later? Anyone know what they did with other models, new accords, pilots, etc?
I was too surprised by the $1300 under invoice written above here!
Again . . . got the 2011 EX for $1000 over invoice (NOT MSRP) including all weather mats and mud flaps. . . this weekend. I am LOVING my new ody. With everything needing to be done for winter to my 2002 ody. . . I just could not wait.
Was able to get a sound deal now though, I believe.
Price did not include ship, tax, title.
If you cannot for some reason wait. . . go in there stating you will be waiting until car buying services post their prices in a couple of weeks (as expected online USAA). Participating dealers have already set these and know. . . they will be in line with other discounts (ie 2011 sienna which has been online and out for some time). Probably a bit less of a discount as it is so new, in demand, for right now.
In the market for a 2011 Odyssey and a 2011 Pilot in either LX or EX trims. Please suggest best time to buy. Looking for deals well below invoice. Thanks.
There's no rush to buy at the current, incentive-less price.
There are multiple factors against Honda selling as many vehicles as they wish. Joblessness, less job stability, poor investment performance, increasing fed/state/property taxes, increasing healthcare costs - all these affect the middle class buying decision.
The weakening USD is going to give US makers an edge (maybe slight). Americans are focusing on initial cheapness more than before, more buyers are considering Hyundai/KIA vehicles.
In any case, prices can only go downhill from here, I foresee the price going down to invoice price very quickly, if there's no incentive. I'd wait a bit until the competitors push out their '11 products and wait until middle of next year.
Thanks for the inputs. I have at least one dealer willing to go below invoice, but for the very reasons you mentioned am thinking waiting will get much better deals. Thanks again much.
Honda's gross profit margins vary between 25% and 30%. You, think given the right circumstances, a deal 15% below invoice might be a good target. Please let me know if I am way off base. Thanks.
EX for $29,042 not including ship,tax, title. .. they included all weather mats and mudflaps.
I do not think they are budging much on tourings. One left the night before ours for $100 under MSRP! Crazy. These are the models where they make their money though. You best wait for at least car buying services to post prices for tourings.
IMO I can get a great GPS and DVD system for $200 a piece tops to take on long trips, already have them. If they break, get a new one for WAY cheaper than bringing it to dealer for updates and maintaining. Kids have itouches too. So for us, the difference is significant for a house on wheels, leather, etc. Crazy pricey. 40K+
Just pulled the trigger on a 2010 LX. $23600 was the best I could do. Probably could have done better if we were'nt so picky with the color. Wife and I only liked the bali blue and the stock is almost gone in the midwest. It was a fair deal IMO.
Incentives are used to sell a vehicle! That is all they are. Interest rates, lease specials, rebates, etc.. When you see incentives, especially large ones, that is a sign that the vehicle needs help. It could be the year end model closeout(2010 Odyssey). Trying to clear the lot, especially in slower times brings them out. The current body style CRV has been motoring along fine and only recently has gone to interest rate offers(reasonable rates).
You may be holding your breath for big incentives on the Odyssey. The minivan market is half the volume it once was and manufacturers have reduced their production and sales expectations.
Any miles on the car? was a demo? 34101 is not addding up from any calculation for a 2010 touring invoice+shipping-incentive-holdback (36902+780-1500-815) comes out to be 35367.
hi -- saw your posting, we are in the process of trying to find a honda odyssey ex with rear entertainment. The dealer here is not going down below $32,000 saying they don't ever move on pricing on these odysseys. What did you end up purchasing yours for? Any advise for me? Thanks so much!
You can't bargain prices directly with Honda Japan like that, unless you are a major dealership selling a ton of vehicles.
Any discount off invoice price will need to be in the form of publicized incentives, or hidden manufacturer to dealer holdbacks. In the latter form, you need to dig it out of the dealer's hand through negotiation. In the case of '10 Odyssey, there must be at least $1000-1500 of hidden holdbacks on top of the 1500 customer rebate, otherwise they won't sell it to me at 600-700 below invoice.
If you are looking to pay below invoice on 2011 odyssey then you'll probably have to wait until dealer cash back incentives are offered. Even though the van is so new, getting few hundred to 500 above invoice is very realistic. I have a family member who paid 33695 + tax for 2011 EXL + RES (cherry color). This is about 3100 below the TMV price listed on edmunds.com. I personally think that if you wait until the end of the month when the dealers get more inventory for the 2011 vans, you'll get even a better deal. Hope this helps. Good luck with your future purchase. This is a great van for sure.
246 miles because they brought in from another dealer. Was not a demo. Specifically asked and received clarification for that. Does not have any dealer accessories though. Bought separately at amazon.
I have a 1999 Odyssey that recently starting idling rough with a vibration at low speeds up til about 40 MPH. Also, the "check engine" and "TCS" warning lights came on when it started doing this. Any ideas?
Actually, 6 years old. Market is strong in some areas for this vehicle. Eye appeal is a key. How clean is it? Inside and out? Goldfish crackers roaming around or is it pristine? Door dents, dings, bumper scrapes and scratches? They all detract. Maintenance records? They do help. Tires rotated? Scratches, scuffs, dings on the wheels? KBB fair is $15940 for private party. Trade fair is $13150. Compare it to the competition.
In stock. Key factor. All trim levels? Better check on that? USAA and AMEX as well as others use an Affinity program through ZAG. Zag gets a $400 check everytime you click on their site and then buy. Many dealers have dropped ZAG as a lead provider as they are more costly.
$2200 under MSRP is NOT a good deal. We are in a recession, and the vans will start taking up space and costing the dealers interest as they sit on the lot if they don't start dealing.
It's only been a week since the 2011's release. If you can, wait another month or two. Late December would be ideal.
Im not saying its a great deal, just that its about the best we could expect this early after release. Also I am confused about the difference in invoice price from Edmunds and USAA, like someone posted earlier, the $780 destination charge is excluded from Edmunds but its still $361 different for the EX-L RES.
BUT I just checked USAA this morning and the price has DROPPED since last night! EXL with RES is now $33790, $2 under USAA's invoice price.
Comments
Thanks.
Honda Marysville
Lindsay Honda
Immke Honda
Not sure how the Touring will come in, but good luck!
There are so many thread’s on the internet, and even this forum that deal with all the problems of a first model year car especially the first ones off the production line.
1. I’m just curious as to why you are scrambling to get to the finish line first? I have owned 3Hondas & 3 Acura’s All have served me and my family well over the years. But one lesson I always remember from a article in consumer reports many years ago about being a Guinea pig for a auto maker. When you buy first model year you also get these free features included at no charge:
2. Untested new technology, design flaws, recalls ect and you still pay full price to be a test pilot.
Wouldn’t you rather wait until the “bugs” are all worked out. And let the headaches be someone else to have?
Especially when a car first comes out it is months before most bugs are even known issues, not to mention the prices of the vehicle always sells at or near MSRP.
I guess most people have so much excess money to burn, they love to piss it away. It must be nice
Hope this helps
As it turned out, the stores in the Columbus area were WAY higher than in Dayton where I ended up buying the '10.
Again . . . got the 2011 EX for $1000 over invoice (NOT MSRP) including all weather mats and mud flaps. . . this weekend. I am LOVING my new ody. With everything needing to be done for winter to my 2002 ody. . . I just could not wait.
Was able to get a sound deal now though, I believe.
Price did not include ship, tax, title.
If you cannot for some reason wait. . . go in there stating you will be waiting until car buying services post their prices in a couple of weeks (as expected online USAA). Participating dealers have already set these and know. . . they will be in line with other discounts (ie 2011 sienna which has been online and out for some time). Probably a bit less of a discount as it is so new, in demand, for right now.
They worked with us. Stafford, VA Pohanka Honda:)
Off to run errands. . . what fun!
There are multiple factors against Honda selling as many vehicles as they wish. Joblessness, less job stability, poor investment performance, increasing fed/state/property taxes, increasing healthcare costs - all these affect the middle class buying decision.
The weakening USD is going to give US makers an edge (maybe slight). Americans are focusing on initial cheapness more than before, more buyers are considering Hyundai/KIA vehicles.
In any case, prices can only go downhill from here, I foresee the price going down to invoice price very quickly, if there's no incentive. I'd wait a bit until the competitors push out their '11 products and wait until middle of next year.
I do not think they are budging much on tourings. One left the night before ours for $100 under MSRP! Crazy. These are the models where they make their money though. You best wait for at least car buying services to post prices for tourings.
IMO I can get a great GPS and DVD system for $200 a piece tops to take on long trips, already have them. If they break, get a new one for WAY cheaper than bringing it to dealer for updates and maintaining. Kids have itouches too. So for us, the difference is significant for a house on wheels, leather, etc. Crazy pricey. 40K+
You may be holding your breath for big incentives on the Odyssey. The minivan market is half the volume it once was and manufacturers have reduced their production and sales expectations.
Here is some insight as to how car sales did last month Sept. 2010. See link below-->>
http://online.wsj.com/mdc/public/page/2_3022-autosales.html
Any discount off invoice price will need to be in the form of publicized incentives, or hidden manufacturer to dealer holdbacks. In the latter form, you need to dig it out of the dealer's hand through negotiation. In the case of '10 Odyssey, there must be at least $1000-1500 of hidden holdbacks on top of the 1500 customer rebate, otherwise they won't sell it to me at 600-700 below invoice.
Approximately 50% in the first 4 years, and then taper off?
From my local craigslist, 06 EX-L with RES 81k miles is asking 16k by a private party. That's maybe 14k off 30k price.
25%-30% gross profit?? Where do you get these numbers?
Seriously, I'm curious.
Thanks
It's only been a week since the 2011's release. If you can, wait another month or two. Late December would be ideal.
USAA car buying service has it listed at $32,330.
Which is it?
BUT I just checked USAA this morning and the price has DROPPED since last night! EXL with RES is now $33790, $2 under USAA's invoice price.