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regards,
kyfdx
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Price without haggling is $25,766.00, which is 275.00 below invoice plus 490.00. Plus TTL, 3% hold back of 852.00 less 275.00 is 577.00 which is 2.26% profit from 25,5521.21
I purchased the vehicle last Saturday at Honda of Frankfort in Frankfort, KY. It's a 2004 Accord EX-L 2.4L auto, satin silver metallic exterior, black leather interior.
I brought up ordering or trading for another vehicle to the salesperson because the one I test drove had 150 miles on it, pin stripes, fenderwall and door edge guards. I wasn't wild about any of these. The salesperson said the vehicle had 150 miles on it because they had traded with a dealer in Columbus, IN (approx 125 miles away), and they had to drive it back to Frankfort. That struck me as odd...I thought they'd put the vehicle on a flatbead truck or something, not put the miles on it.
I told him the pin stripes weren't a deal maker or braker, but that I didn't really like them. The odd thing was that I had seen them on other Accords when I went on my first test drive at another dealership, but those pin stripes said "Honda" on them at the rear of the vehicle, and the ones on mine don't (I'd rather they didn't actually).
I paid $22,300 for the vehicle plus all-weather mats, wheel locks, mud guards, fenderwall and door edge trim, and the cargo tray. The dealer charges $239.95 for "customer services/prep charges" (checking fluids, tearing plastic off seats, etc. = ripoff), $21 title/lien fee, $1,337.04 tax. Fair price?
Congratulation on your new car!!
regards,
kyfdx
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I have a silver one as well -- I think all the silver ones come with a black interior, which is good news and bad news. The good news is that (just like when you have a black exterior) it looks great when its clean, but every little piece of dust and grit of sand is clearly visible. Dont get me wrong, it still looks great but looking back on it I would have probably opted for the tan or grey interiors.
One other thought -- you mentioned third party financing -- Honda is offering 1.9 - 3.9 financing on Accords right now depending on the financing period. Good luck.
Thanks.
For reference, the '01 Accord that I leased on 1/11/01, was manufactured in 12/00. Just one month before.
regards,
kyfdx
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I digress. go to Temple of VTEC's website (vtec.net) and look in the dealer area, you will see a couple of dealer's selling them for near invoice. You CAN and SHOULD get a similar deal, or walk away.
Chris
could have had non nav for $24484 msrp 26990).
I'm in the Philadelphia PA suburbs. I got the 24484 quote from the internet department at one
dealer and had another dealer beat it by $100. YOu
can use Edmunds or MSN auto to get up to three
dealer quotes. It is true that they don't have many 6speeds but also not many people are interested in manual transmissions. All dealers
started with the "we don't get many of these in"
stuff. Start with getting an internet quote first
and go from there. Mine was Mainlinehonda.com
- Accord v6 is better performance, but it is no match for RL in luxury
- RL is bigger and nicer
- RL also looks better and feels better, quiet.
- Accord has better gas mileage
- Both will have similar depreciation since RL loses quite a bit in its first 3 yrs.
- Both are equally reliable, RL probably a bit more reliable
And with RL's prestige, wouldn't anyone be tempted to go for it if you are going to get same life, similar depreciation, similar reliability and better luxury at the cost of a little performance?
What I wrote in my last post (that I would not pay higher than $27,671) was what I was willing to pay. My dealer gave me a price quote of $200 BELOW what I said. In other words, he gave me for the car $25,351. The total tax was $1,297.05, which was 5% of $25,351+$490 (destination)+$100 processing fee. I actually got the car for $25,841 with destination and before taxes and fees. Not too bad. I think I shopped around for a total of 4 hours. I could have haggled some more (I guess), but only one other dealer was willing to give me the car for $27,671 (what I ORIGINALLY would have paid) and he would not come down in price. I told whoever was on my e-mail list that the lowest dealer would get the sale.
We had a mutual form of respect for eachother because I offered him a fair profit (around 2.7%)while he got me the best deal around Washington, DC.
I was honest with him, and he with me. I was quite frank with him and asked him why he was willing to sell me the car at that price. He told me, "Well, I can see right off the bat you're a very knowledgeable gentleman. I know that you're going to treat me with respect and I hope you'll do the same with me. Plus, I have to be honest with you, I can get a little more profit from the average guy who just walks in here and didn't do his homework like you obviously did." I knew right then that he was cutting away all the BS.
I also shopped around in the Rochester, NY area (because my parents live up there) and the best any Honda dealer could do up there was $28,300 OTD. If it would have been worth the money I would have bought the car up there, but it wasn't.
I'm very happy with the car, and let me tell you, I laughed my butt off the enitre way to work listening to the Comedy station on XM radio. It's great! Now I know I will never go back to a regular car again.
I received an e-mail quote from Holman Honda in Ft. Lauderdale that was invoice + desitination + $400 dealer fee. The price was okay but unfortunately it turned out to be one of the most unprofessional places of business I've ever dealt with. I was flat out lied to via e-mail and over the phone about what they had in stock. It wasn't until I made it to the dealer for an appointment with a sales rep (who showed up 15 minutes late) that I discovered they had no such vehicles in stock and there weren't any available in my area. Rather than try and find me what I wanted they explained they were willing to make me a good deal on what they had in stock because of the "miscommunication on their end" (I did this on the last day of 2003 so they were trying to make end of month quota that a different salesman told us about). Talk about a shameless bait and switch attempt. I think the best part of that ordeal was receiving a phone call that night from one of their reps asking me why I missed my appointment earlier that day.
I took my quote from them to Sherwood Honda in Delray and they were able to beat the original quote by a couple hundred dollars. They were also able to get me the car I wanted and were much easier to work with. The information all over this website was a big help and I felt well prepared for my dealings. Considering it was my first car buying experience and I was able to get the car I wanted below invoice I was pretty happy.
But I am also considering a pre-owned certified RL with 35000 miles on it. The quote I received for it is 22000$.
What do you guys think?
"I paid $22,300 for the vehicle plus all-weather mats, wheel locks, mud guards, fenderwall and door edge trim, and the cargo tray. The dealer charges $239.95 for "customer services/prep charges" (checking fluids, tearing plastic off seats, etc. = ripoff), $21 title/lien fee, $1,337.04 tax. Fair price?"
$22,300 is a fair price before taxes, license, and a $50 doc fee. It's better if the dealer installed items are included.
My question, however, is what you had to pay for those dealer installed items. The $239.95 prep charge is pure profit, so you're up to $22,540 which is still a good price if that other cr*p were included.
For your info, I paid $22,700 +TTL= $24,876 TOTAL in San Francisco--a costly place to buy anything. My car is an '04 EX-L 2.4L sedan with AT and no Nav. It has been a superb car--luxury and economy, too.
I purchased no dealer options although wheel locks were already on the car that was traded with another dealer--the locks were just thown in at no cost to me. That was in late August, the start of the '04 model year.
Given that '04s are likely be discounted about $2400 after the '05s are introduced in late August or early September, it follows that the car should get about $200 cheaper every month into the model year.
Of course, demand, weather, availability, etc. can affect the linear relationship of price to time left in the model year, but it makes sense for cars to become cheaper as buyers have fewer months to enjoy the newest car.
If I made a decent deal last August, I'd expect to pay about $800 to $900 less now--about $21,900 +TTL. So, $22,540 is not awful, but not great, either. Those dealer installed goodies almost always cost more than they're worth, so if you paid very much for them, your price was not so great in my opinion.........Richard
Thanks for the response. What you said makes total sense. The $22,540 included all of the options...installed. That's basically invoice, which in my opinion is just as you said: a good price, not necessarily a great one.
If the EX-L Coupe is the 4-cylinder automatic without navigation, your $22,500 figure is a decent price. You might try for two or three hundred less, but it may not be worth the effort.
If it is the 6-cylinder automatic without navigation, $22,500 is a fantastic price.
It is a fact that the instant you drive your new vehicle off the dealer's lot, its resale value is down about ten percent. For example, if you pay $25,000 today and try to sell it back to the dealer or to a private party tomorrow, you should only expect to receive $22,500. After all, it is now a "used" car since the title has been transferred.
That is only one of the reasons that when purchasing a new car you should only consider paying about 90% of the MSRP. That's close to the dealer's "cost". In your initial purchase, you should always consider what percentage of the original price you will be able to recoup when you eventually sell it. The more you pay today, the larger the percentage gap when you sell tomorrow. That's real cash out of your pocket or purse. Better out of the dealer's than yours. They'll make it up on their next customer.
I hate dealing with car dealers and have tried the email route with a few of them to see what kind of quotes I can get in writing before I head out. Today, I got an "internet special" from a dealer in Atlanta. This is for an '04 coupe with cloth interior...what do you make of this? Doesn't seem all that special to me.
$20,137 + tax
$490- freight
$387-processing
$20- title
For a 2004 EX 4-cylinder Coupe with automatic transmission, cloth interior and without navigation or side curtain airbags (which is what I presume you've been looking at based upon your post #3666), total dealer cost, including $490 freight, presuming that they retain none of the 3% holdback, is $20,151.
Add whatever you choose for things such as local advertising, profit, a portion or all of the holdback, etc to determine what you are willing to pay.
Of course each state has different tax and title rates. That $387 processing fee sounds very negotiable though.
Several dealers called and said come in and get the best price; this isn’t what I wanted so I dealt with the dealers who actually sent a price.
Now for a car that is so rare like Germain Honda in Naples stated and would not come off MSRP $26,990, I got quotes from a dealer in Ft. Lauderdale for $25,250 + Taxes, Tag and Title, and another from a dealer in Tampa for $25,135 + Taxes, Tag and Title, and then for the heck of it I called a dealer in Ft. Myers, which is just up the road. He quoted $25,100+ Taxes, Tag and Title. So the question is am I missing anything? Edmunds TMV puts the car at MSRP for what people are paying $26,990. This is for an Accord EX V-6 coupe with 6 speed, I do not want the Navigation system.
Any help would be appreciated, Thanks
get the quote emailed to you (24,484 was what I
received a couple of weeks ago. As of 1/17 they
have a blue 6 speed coupe without Nav.(this is
the one I drove) This is in Pennsylvania but tell
the dealer in Florida your driving there or going
to have it shipped for about 400.00.
Best of luck Steve
P.s. another dealer in my area beat this quote by 100.00
Blain: A 10 percent depreciation upon delivery is pretty optimistic, even for an Accord. I'd figure on more like 20 percent as soon as it crosses the curb. I am not a professional and this is only my opinion, but the sales guys and dealers on the boards have posted these approximate percentages on numerous occasions.
In any event, you both got great cars and great deals, so enjoy.
Still, all else equal, I would expect to pay less for my '04 Accord in late February, '04, than I did in late August of '03 when I bought mine because the car would be half way through its model year in February and I'd enjoy the newest Accord for only 6 months instead of a full calendar year.
Maybe it's just a way to rationalize why some people are now paying a few hundred dollars less for "my" car now than I did then when more deals seemed to be closer to the price I paid.
The important thing is that my deal, as well as most others I've seen posted here, seemed to be good deals at the time and those of us who use the internet--on this excellent site as well as others--probably do MUCH better than most people who go to the Honda dealer unprepared.
As far as the car choice is concerned, I think the Honda Accord is first-rate and I'd recommend it to anyone....Richard
I’ve been out looking at various makes and models (TL, TSX, G35 etc.) over the last couple of months. I’ve been driving my current Accord for nine years and love the car. I drove the new Accord last (knowing I would love the car, especially the V-6 EX). My one concern is the stereo, the stereo on my current Accord LX is terrible and I don’ want to re-live it. Any thoughts/opinions from those of you on this board would be greatly appreciated and will serve as final validation for me. Most of the new Acura’s etc. come standard with 360 watt stereos. Should I be concerned? Any help would be appreciated. Thanks.
The stock 04 LX stereo is ok. I put in an Alpine 9815 headunit ($350 online) and MB Quart 6.5" component speakers ($150) and it sounds amazing. The 'accessories' Accord board has quite a bit of chat about upgrading the stereo system.
I drive little these days, walk more living in downtown San Francisco, but just finished a 1227 trip driving to/from Palm Springs (8.5 hours each way--500 miles) and I'll tell you that my '04 Accord 2.4 EX-L with side curtain airbags, etc. felt safe, was very powerful and responsive, and I never for a second wished I'd bought the V6.
And I'm rich enough to get anything I want--Maybach included! My suggestion to you and all others out there is to test drive the 4 cyl. Accord and make your own decision. Please don't assume the the 4 is slow and noisy as so many 4s were in the past. The 2.4 Accord will surprise you with its power and smoothness along with great gas mileage, too.
If you want your daughter to be safe, be sure to get the EX with side curtain airbags optional, or go for the EX-L (leather) which has them standard.....Richard
regards,
kyfdx
Edmunds Price Checker
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In the long run, you and your 18 year old will be better off with anything other than a new car. Maybe it won't be something to show off to her friends, but the statistics say that it will be in the body shop within a relatively short time. That's why insurance costs so much for under-25's.
You should consider getting her a gently used, reliable brand, 4-cylinder car that gets decent mileage and has side airbags. Your concern about "harms way" should probably be related to whether she accelerates too quickly, not whether she accelerates too slowly.
Since I am now 18, I have been looking at everything. From Honda Civics to Nissan Muranos.
I have found that after testing so many new models, 4 cylinder cars are enough power.
My 1991 Honda Accord has been going through some things lately and I have been driving my mother's Odyssey. I can tell you that if an Odyssey with 240 hp feels too power for someone like me, a V6 Accord would definately be too fast.
Coming from a younger person's opinion, an I4 Accord would be more than enough, heck a Civic would be good enough power wise.
I am aiming at fully loaded versions of the Accord, Camry, Altima, Passat or Mazda6 with 4 cylinder engines.
Let her get a V6 on her on someday, right now I think an I4 would be more than enough, especially the Accord's I4.
As a matter of fact, when I test drove the Accord I4 and V6 back to back, the saleperson basically suggested that I get an I4 because the V6 would be too much power and have worse gas mileage.
Now have a 2004 Accord EX Sedan V6, Redondo Red with foglights and the automatic day / night rear view mirror option. Price is $24,602 plus tax (6.5%), title (143),doc fee (53.27). Sounds like a good deal. Input please. THANKS.
The invoice is $23,664
Neither includes the $490 Shipping Cost
What do you think would be a good price to purchase the car? Thanks for the help in advance, and thanks for the info on the 4 Cylinder vs the V6.
2004 Honda Accord 4 Door Sedan EX-LNAV (Moonroof, Leather, Navigation System)
2.4 Liter 4 Cylinder 5 Speed Automatic Transmission
XM radio
Exterior Color: Graphite Pearl
Interior Color: Gray
It is good for people to keep that in mind when buying new. If you like to buy and sell frequently you risk losing more in a market like this.
Just my $.02....
You've now found, as I did years ago, that since 95% of new sedans are sold with automatic transmissions, resale value of a sedan with a manual transmission is abysmal. If your EX-L was equipped with a slushbox it would probably command at least $1-2K more at resale time.
Sure, I prefer stick shifts, but I just bought an Accord Coupe with a slushbox for the same reason, value at resale time.