Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
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Now trying to decide between leasing and buying - any thoughts?
Uh.. that was one hell of deal. Is $31,964 the OTD price or is it the car price. You need to pay TTL over this right?
Thanks
Venkat
Price$27,548 (including transportation), add to that dealers fees and TTL for an Out the Door price of
OTD=$28,873 and 2.9% for 60 months!
Now I think I got a GREAT deal!!!
Is the price the same down the road (recognizing that the base cost could change), or do you pay a premium for waiting? And how long can you wait to purchase it?
The warranty coverage will be the same price, (barring an overall price increase which happens every 6 months or so), until you hit 12k or 12 months from date of purchase, then there is a small surcharge added to the total price. There is a larger surcharge added at the 24k, 24 month point, and again at 36k, 36months. Hope this helps. It really doesn't benefit you to wait unless you have AAA or whathaveyou, as you don't lose any coverage, and you run the risk of paying more later for what you could have had all along.
Good luck!
I will appreciate if I can get some advice with this deal.
A out of state dealer is offering me $500 over invoice + $88 doc fee for Odyssey EX-L. He is also suggesting that I can get 2.9% APR since he will make the contract with yesterday's date (1/5). I am not feeling comfortable with this for obvious reasons. Before I give him my ssn etc, I will of course get the VIN and written quote faxed to me. But even then, do you think this is worth persuing . I will have to fly (about $100) one way and drive the car back to Oregon from Idaho.
Any suggestions/advice?
thanks,
-R
A.) Falsifying Information, which is a criminal offense.
B.) Flying to a different state just to buy a car.
and C.) Keeping your money in your home town and helping that economy grow.
Is it really worth the time and effort, not to mention illegality, of this trouble? There's a very good chance he'll not qualify you for the 2.9 at this point, and by doing so you'll have wasted a plane ticket, and a ton of time and effort just for the dealer to say "oh well, since you're here, ya might as well take this deal..."
Good luck, let us know how it works out for ya!
Hi denver5357,
Have you finally purchased the warranty yet? Who did you talk to? Can you please send me an email?
Thank you,
Max
http://www.carbuyingtips.com/
If many of us approach the dealers with this and stick to it, it will benefit all.
thanks.
kirstie_h
Roving Host
Host, Future Vehicles & Smart Shopper discussions
MODERATOR /ADMINISTRATOR
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
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
BUT !....The Chapters on Buying,
http://www.carbuyingtips.com/carintro.html?x=0tekxgl_eoyyqkz_ttky- 3&y=Tue%2525252520Jan%252525252004%252525252013%252525253A03%- 252525253A53%25252525202005
have been at least for me, extremely informative and the Excel Spreadsheet
http://www.carbuyingtips.com/download.htm?x=0tekxgl_eoyyqkz_ttky3- &y=Tue%2525252520Jan%252525252004%252525252013%252525253A03%2- 52525253A53%25252525202005
VERY helpful
We kept offering 27K+TTL (1500 off MSRP). 4 separate dealers called back after a day or two and caved to this price, but only 1 had the ocean mist color. it was also loaded up with $900 worth of dealer options. So even though we didn't want to pay for these, we insisted they throw them in. They agreed to this over the phone, but after driving 3 hours to the dealership they TRIED to renig on the options (they had removed the options from the car). Took 2 hours of sitting there waiting them out before they honored the sweet deal I had over the phone, but they finally realized the parts which probably cost them $150, was not worth blowing the deal.
So in the end I got an EX with cloth plus few extra trim options for 27K+TTL and on the last day of the 2.9% finance deal honda offered. This was in Texas. Had to drive from Austin to Dallas but worth the drive because I'll save $500-$600 in interest and wanted this color.
Other dealers for some reason all were WAY to open about the fact there was only 2 Ocean Mist EX's in Texas and giving me there location. Made it very easy for me to call the locations directly.
a month before all this, when I started looking/test driving. Sales person actually printed out the TMV page for Edmunds. It showed TMV to be sticker price (I had known this going in). I think its odd how Honda uses this "consumer site" to THEIR advantage. I realized it was a little fishy the next day when they guy called and offered $500 off of this. This just made me hungry for more and I had to find how low the floor really was.
Looking at Honda's stock, I noticed an article about December incentives. http://biz.yahoo.com/ap/050106/auto_incentives_2.html . Guess that explains why it wasn't too hard to get a good deal.
I didn't notice any mention of these incentives in www.kbb.com, though.
Thank you for your reply. I just called Pohanka Honda in Maryland. One gentleman quoted me the price as $1150 for 7/75K and $1350 for 7/100K. Sounds expensive? I live in San Jose, CA and bought my Odyssey in one of local dealers. I don't know if this matters. The dealer I bought the car from offered a 7/75K for ~$1650 with a money back feature. Is it possible for you to email me with the person's name you are talking to? Click my profile, you can get my email address.
Thanks again,
max
http://www.ahm-ownerlink.com
lzk
Let us give credit where it is due.
I can attest to the usefulness of the Excel sheet. It can be more user-friendly but nicely done in many ways. Concise as well as packed with information. It is certainly one of the best tools I have seen on the web for car buying.
I just felt obligated to post... since your info was so helpful to me. Berlin City didn't even have my vehicle on site... but transferred it from Portland Maine to make this deal happen. They say they deliver vehicles most anywhere... and to most of the enitre New England area for 100$...... driving to Washington DC area... would be a little more... but we didn't discuss.... I would imagine you could get them down to $300... if you tried hard.
Since I was skeptical about the price... I signed nothing... they asked for NO money down... and had all papers faxed to me ahead of time. No money was exhanged until the car was brought to me for inspection... My salesperson stated to refuse delivery if we thought there were any issues..... Of course there weren't any....
Overall we were sooooooo pleased! We also were quoted prices $1000 under invoice for an Accord EX V6 we were interested in ... but decided against.... But we'll be back for it later!
Good luck everyone... thanks for your help.
A company called Certified Car Care (Drivers Select) offers it online for $299 (purchasable up to 90 days after car purchase); I may get it through them.
I was cheated by Fremont Honda on Jan 2. I called them first to see if they would accept a EX deal for $1000 above invoice. The sale person agreed on the phone and ask me to go there. After show me the car and they copied my driver's license and try to get my social number before show me any numbers. I told them that I only would buy this car if it is $1000 above invoice. Then the manager comes and show me a ridicules number for a EX odyssey, $33245. And told me how hot this car is and they would like to sell it only $1000 above invoice. I decided to leave and was stopped in front of the door by a assitant manager. We talked again for almost 1 hour but they still don't want to sell me the car at $1500 above the invice. I told him about the number was agree by his sale person on the phone but he said that all car sales will lie on the phone...
So don't trust any number on the phone unless they signed and fax to you.
When the eager buyer arrives, the story changes or the car they wanted just happened to have sold an hour before.
I know I couldn't/wouldn't sell cars in California. That is one miserable marketplace.
It must happen all the time given the number of such tales related here.
What a sorry state of affairs.
Joyce Honda in Denville, NJ was more than good with us and the salesman spent alot of time going over the car with my wife and I. All in all we were very happy with the sales and especially the price. Most dealers in New Jersey are not willing to cut to the bone, but they did at Joyce Honda. The deal is right around invoice I believe.
I would any day respect a dealership that set the expectations of an invoice customer by saying - "Unfortunately, market reality is that we are able to sell the Odyssey only closer to the MSRP price - but please do visit us and we will try to earn your business by providing a pleasant buying experience." It does not cost them anything to do this given that Odysseys practically sell themselves.
It is sad that the system is not setup to punish lying, cheating and other such behavior by sales people and dealerships with a record of poor customer experiences. In some ways it probably rewards such behavior.
Does anybody know if Honda handles dealership complaints and does something to remedy them? If so how does Honda handle a complaint received about a dealership? Do they have the power to pull the plug on a dealership if the dealership has consistently underperformed with customers? Or do they figure that it is not their responsibility since people will keep buying Hondas no matter what, because the product is good?
General Observation - old line Honda dealers and GM Franchise/Honda dealers seem to be the best as far pricing/sincerity.
Orange County - forget it - no deals that I found and no inventory.
Dealers with the most promise:
Goudy - Alhambra - supposedly 2nd largest dealer in CA behind Norm Reeves (no deals at Reeves - MSRP but you probably can get a vehicle). Goudy will deal and meet other local quotes from what I have been told. In later Dec. while in for service, I saw three silver Nav/Res under the tent in the red carpet delivery area. Had several other Ody's on the lot.
Robertson - North Hollywood - best internet quote - $2K over invoice ($32,964) but didn't have what I wanted.
Miller - Van Nuys - not the lowest internet quote but willing to work with me if they had the vehicle.
Kasier - near Staples - good quote but no product.
Community Pontiac Honda - Whittier - no product but they would discount - don't get far enough with them since they did not have my car.
Other ideas - their are 3 large car delearship chains that are all publicly traded companies. Autonation (Power dealers locally), Sonic - Carson Honda & Buena Park Honda), and Group 1 - Miller dealers. If you are still wating for a car at the end of this month, try these dealers as they will deal to increase their monthly sales #'s. The rep at Carson flat out told me that if he has 10 cars on the lot at month end, they will deal aggressively. If they have 2, no dealing.
You will see posts elsewhere in the country with lower prices but, for the exact model that I am referring to, I didn't see that here. Again, we have more dealers out here but many more Honda buyers. CA is the land of Honda & Toyota - domestics are usually rental cars out here. This may change in the next several months but who knows. I have a neighbor with a 911 turbo, 540, and an SUV in his driveway - $200,000 + worth of cars. This is not unusual - CA is just car crazy and people out here just spend lots of $$ on cars! Good Luck in your search.
PS -dealer cost on Hondacare 7yr/100K $0 deductible warranty is $1,050 so, if interested, offer $1,100.
Discovery Honda in Moses Lake, WA. Ask for Internet Sales Manager.
Very pleasant buying experience. All done via email/phone. Spent 2 hours at delivery and that was the only in-person contact.
Worth 200 miles drive. Just say Thai sends you. I don't get anything from them... that's how much I think they deserve my and your business.
The day of the sale, the business manager called me to discuss loan details & gave me the same line I've read about here - 4.5% (over 60 months) if I don't get the extended warranty, or 2.9% if I do. He told me the difference in my payment would be less than $10, which would pay for the extended warranty (7/70,000), so I'd be wise to get the warranty & the lower interest rate. I quickly added up the warranty price in my head ($9.60 x 60 months = $576) and said "ok". When we got the paperwork & saw the actual cost of the warranty was closer to $1000, we decided against it and felt we had been really misled by this guy. They did end up letting us have the 2.9% rate for 60 months anyway.
Honda called me about a week later to do their customer satisfaction survey - I rated everything about the dealership very highly, except the business manager, explaining that I felt he was dishonest about the warranty cost & the loan. Well, this guy just called me today, accusing me of slandering him! He said he got into trouble with his manager, but since the conversation was recorded, his manager knew "what really happened". Yet, he wants me to go to the dealership to talk to him & his manager about this. I told him I'm not interested, since I know what I said & what I heard (I took notes & even asked him to clarify the monthly payment for the warranty in our initial conversation). He got somewhat ugly with me, going on about how I slandered him, until I finally asked to speak with the manager. After being put on hold for about 5 minutes, I hung up & have yet to hear further from them.
I think I should send a letter to the dealership manager & to Honda about this. Is that going overboard? I just feel like what was really a good buying experience has turned very sour now, and I don't like being treated like this when I've just spent nearly $30,000 with them. Ugh, it just makes my blood boil to deal with people like that.
Thanks!