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Comments
Competition is good for everyone. I have been noticing an increase in the number of used Honda Odysseys in the newspaper for sale. Whereas before I saw only 2 or 3....now I am seeing 7 or 8.Looks as if that high resale value may be starting to take a dip on the preowned. A good time to buy used?
Got a price quote for 2004 Odyssey EX with RES (DVD) for $25,000 even at Milwaukee, Wisconsin area. Can anyone tell me is this a good or fair price now for this van?
My concern on this van is that Honda was running a 2 years leasing special not too long ago (ended on 9-7-2004, I believe). So if I buy this van now and trade it in 2 or 3 years, would the resale value on this van seriously hurt by the fact that there are so many 2004 EX with RES being leased now and they will be on the used market in about 2 years (Am I correct on this assumption)?
Thanks,
Mingder
The Honda special 2-year lease (HP-263) will definitely hurt the resale value in two years. The residual of the EX-DVD was set at 71% (of MSRP including destination) with 12K miles/year and 70% with 15K miles/year.
If you have to pay sales tax, your loss will be heavier. Will you save tax on a new purchase if you trade in your old car?
This is the 2nd time I have seen something to this effect being posted. Could you please enlighten me as to how trading in a vehicle will potentially lower the sales tax I will have to pay on the new vehicle? I am definitely intrigued.
kirstie_h
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Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Give us a mpg report once you do a full tank...
Interested in actual benefit of VCM.
enjoy the van.
INKY
In other words, if the car sales price is $30k, and the trade-in value is $10k, then you pay sales tax on only $20k. However, if you privately sell your own car instead of trading it in, then you would pay sales tax on the full $30k. If the sales tax is 5%, this is a difference of $500.
This varies state by state, as does the amount of sales tax. But it should be considered when deciding whether to trade-in or sell your old car yourself.
2005 Honda Odyessey EXL RES with:
Crossbars ( and installation )- $177.00
Cargo Cover ( and installation )- $147.00
Wood Grain Kit ( and installation )- $362.00
for $32,346.00 ( not including tax and license ).
Thoughts?
Is this too high?
I am curious since there is a possiblity that there will be one of those long trips where my mother-in-law or wife would want to watch one of their VCD movies.
From what I understand...yes it did include those 3 items. Of course, I didn't get the "out the door price" yet.
Has anyone purchased an 05 EX-L in SoCal within the last week? The best price I'm currently getting is MSRP. Looks like a lot of dealers in my area are getting them in this week and will have inventory by the weekend. I'm just wondering if I can get a better price than MSRP.
Thanks!
The fleet employees at Norm Reeves in Cerritos and Penske in Ontario seem pretty good.
I feel pretty well resigned to pay MSRP unless things change in the next month or so.
Will send out further update.
Look at this link.
ang35 "Honda Pilot" May 3, 2004 8:52am
Thanks. It would appear that aftermarket would be the way to go on this. Agree?
Rear Entertainment System
Scott Robinson Honda is asking 2k+ over even over internet so stay away from them.
I filled some info on inet and Costa Mesa Honda called me. Salesperson said that they would charge 1k over MSRP, so I said no thanks. This was for the car that they did not had on lot, so maybe you can get it at MSRP is they have your car on the lot?
I did not talked to others as I decided to wait till next year to buy.
The dealer was putting out a few at this price as an advertising method to get them out on the road for people to see. This was cheaper than a basic 2005 Sienna XLE offered by local Toyota dealers. This is much more extras than Sienna for less price...couldn't pass up the deal.
Just a little nervous about Variable Cylinder Management...hope it works well.
thanks
jock
Like I said, they were offering a few at this price just to get it out to the local public to see as free advertisement to them so don't know how long they will accept this...might want to hurry. Unfortunately, they didn't have one in my color else I'd be driving one instead of waiting :-(
As for Costa Mesa, the $1,000 over MSRP internet deal is the same deal they are pitching, if you walk in off the street. They toss in wheel locks and mud flaps for the $1,000 as a protection package. Not much for the money. Salesperson was a real pleasure to work with, but they are going to be a bit harder to work down on price.
2005 EX-L + DVD & NAV
Sage brush + Olive leather.
every dealer around PA/NJ/NY wants MSRP at least.
Can anyone help?
Lease: 36 months @12K/yr.
Trim: 2005 Ody Touring Auto w/DVD RES/Sat Navi
Color: Silver
Price: 34850.00
Live in Raleigh North Carolina and ready to ride. I am willing to travel for the right deal.
Dealers I have contacted are not willing to negotiate from MSRP. Is there a dealer that wants my business. I am ready to buy!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I have been offered 1000 under MSRP. Maybe if we both get similar vans together they may agree to give us a few doodads free.
The salesman told us that while the car only had a few miles on it, Honda or another Honda dealer had used it for promotional purposes. It had been taken to golf courses or shopping malls and parked, so that people could look at it, climb inside it, or at least peer inside it. Even though it had been used for these purposes, Honda was still willing to stand behind its factory warranty. My wife and I added on wheel locks and back-up sensors and we all settled on a price.
After the salesman ushered us into the financing office, my wife and I noticed that the bill of sale listed the car as “Used.” The financing guy told us that because of the car’s history, it could not be listed as a “New” car and the bill of sale did indicate that the factory warranty was still intact. We were tired of shopping, we needed a second car, it had been a long day, the price seemed right, and so we didn’t fight them on it and we took delivery of the Ody. We felt a little queasy and later realized that we might have lost our rights under our state’s Lemon Law by buying a car labeled “Used.”
Right after the test drive, I noticed something on the floor of the Ody. It was tiny pieces of glass and looked exactly like the Ody’s safety glass. A number of years ago, someone broke into my car and smashed the glass. Even after cleaning it several times and for months afterward, I would be finding tiny pieces of safety glass. On the vehicle we tested, all of the windows were in perfect shape. I asked the salesman about it and he professed ignorance and said he’d “look into it.”
After we had the Ody and the dust had settled, my curiosity got the better of me and I ran a CarFax report. The report showed that in May 2004, the Ody’s odometer had 2 miles on it and it was titled by the Arizona DMV. In early September 2004, its odometer had 25 miles on it and it was offered for sale as a Honda Certified Vehicle, sold at auction in the Eastern region, and listed as a fleet vehicle. There was no police report regarding any kind of theft, break-in, or vandalism. There was nothing else unusual listed about the Ody. Three days after the auction, my wife and I bought it from the dealer. OK, so the odometer probably hasn’t been tampered with and the CarFax history is consistent with what the dealer was telling us. While the dealership wasn’t necessarily lying to us, it wasn’t telling us the whole truth and arguably “Buyer Beware.”
This whole history raised a lot of questions for my wife and me. What is the real history of this minivan? Why not use a demo car as a promotional car so a dealer could rack up a lot of miles on it and not worry that it was selling a Used car? Why would a promotional car have so few miles on it before a dealership sold it? Why would a promotional car have to be newly titled, unlike a demo car? If someone had vandalized it, broken into it, or stolen it and broken a window, why not fix the window and sell it as a demo? Why go to the expense and trouble of trucking the Ody across the country to the east coast and putting it up for auction on the east coast instead of just auctioning it or selling it on the west coast? I’m especially interested in hearing from those folks who have worked as sales reps for car dealers. I’m just looking for some answers or speculation based on real-world experience.