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I also found out that thrpough my insruance company, GEICO, I could get an extended warranty (7 years/70,000 miles) that covers the drive train etc..for about $250 and the car can be fixed at any honda dealer and they will pay with a deductible of $250. Anyone know about these warranties?
Don
Not sure if it helped but I dealt directly with the Sales Manager
Heres the offer for an 04 EX that I received. I went in to follow up but they would not budge plus they would not give me a firm price on the trade in.
22095 (includes dest.)
sales tax NJ 1325.70
Reg/etc 202
23,622.70
I have a trade in--
2000 Civic EX
38k
very good condition
Thanks
kenyonmartin2003@yahoo.com
I'd rather not spend weeks haggling -- and since there's a limited number of these cars (EX with standard transmission) available in our area, if I haggle too long I'll lose out.
I love the car and want to buy one soon -- but I certainly don't want to spend more than I need to.
Am I being taken? And what is dealer holdback -- and how do I get a copy of it?
Thanks!
Also, if you cancel a Honda extended warranty, you may not be allowed to buy another Honda one. Check the fine print.
Catgirl2, here's a holdback article:
Dealer Holdback
Steve, Host
Good luck.
You may want to order an invoice online. Very simple, just go to the Consumer Reports website and request a copy for this model with your credit card #; they give you access to the invoice in 5-10 mins. in my case. The invoice (which also shows dealer holdback) only costs $12.00. As of 12/19/03 (last time I checked) the CR-V EX Auto showed a $677 dealer holdback. I believe the invoice is updated on line each week and you have access to any updates for 30 days.
Go in person for the best price, at the end of the month if you can, take a copy of the invoice, and I suggest you tell them what you want to pay. It never hurts to ask but be ready to justify the price. Let them know you want to buy a car that day (if true) and that you will go to other dealers if necessary. I went to the 1st dealer early one afternoon and was prepared to go to 5-6 dealers that day if necessary. Fortunately the 2nd dealer and I agreed on a price.
Hope some of this helps. Just knowing what deals other people on this forum got was also very helpful. Keep us posted.
Holdback info too.
But it's your money...
Steve, Host
Holdback is paid to the dealer once a year. It *helps* pay for some of the flooring and advertising costs. It is not, despite what you may hear and read, bottom line profit.
Dealerships also have this little thing called overhead...operating expenses which are massive.
It's always the prevailing market that will determine pricing. If it's the middle of July and a dealer has 75 CRV's sitting on his lot, he is apt to let some go with sharp discounts.
If it's January and it's 15 degrees with snow in the forecast, and he has six on the lot, it may be harder to bargain much on one.
Like all Hondas, they are allocated to the dealers based on how many we sell. I'm sure we would gladly accept 100 of them if we could get them right now!
Thanks SO much for your info on Fair Honda -- that's one place I've been dealing with, but only on the phone. I'm going to bounce your 19,710 price tag off them and see what happens.
One question: I've been told that CT dealers can charge an open-ended conveyance fee, the amount of which can be $10 or $1,000. What did Fair Honda charge you for conveyance? What was your out-the-door price? I'm planning to call the salesperson at Fair Honda and offer her your final price -- less the $485 for fog lights -- and see what happens. The price you paid -- $20,200, including destination -- is more than $1500 less than I thought I'd have to pay for this vehicle.
Thanks!
Good Luck.
Thanks also to Steve/Host, isellhondas and matthew633 for your input on holdbacks and negotiating. I'd been hearing about holdbacks for weeks now and had no idea what these were! I calculated that with the dealer holdback, one of our area dealers would be making more than $2800 over invoice by charging me the MSRP of $22,240, including the holdback. Way too much, in my opinion.
I was quoted $21,770 from another dealership and $22,100 on CarsDirect so being able to purchase it for $21,000 was a pretty good deal in my mind. Originally the Internet/Fleet dept at the dealership I purchased from quoted me a price of $21,300 but without much haggling they came down $300. I know somebody on the board bought this car for $20,700 but that seemed out of reach in dealing.
I did shell out however another $350 to have a factory alarm installed. I know the price is high, but I've had problems with aftermarket alarm systems in the past and wanted a factory one.
Happy new year everyone!
I've since began to research dealerships in New Jersey. MSRP for the same vehicle is listed on the NJ Honda dealer Web sites as $21,600 as base price and $460 for destination, for a total of $22,060. All Connecticut dealers list the same car for $21,750 MSRP with a $490 destination, for a total of $22,240. I just got my first quote from a NJ dealer, and it was still high -- $22,995 out the door.
Anybody have any great tips for negotating? I'm particularly interested in hearing from folks who have been getting the great deals -- since I can't seem to get a price much under $23,000 out the door.
Thanks!
i would appreciate your help,
thx
jon
regards,
kyfdx
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regards,
kyfdx
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I would disregard the Honda.com price.
The few I checked did match.
Steve, Host
04 EX for $21,849, 04 LX 2WD $18,444
The lowest unsolicited offer I received was $21,549 a month ago for 04 EX.
I live in No. California, and I'm in the market to buy a used CR-V, preferably 2002-2003 model, but the prices the dealers are asking seem high! I'm currently looking at a 2002 Ex with 32500 miles, fully loaded for $19,991. That doesn't seem that much less than a brand new 2004 CR-V. Has anyone shopped around and/or bought a used CR-V, and were you able to talk them down in the price?
Any comments and suggestion you can make would be greatly appreciate it. I am a little nervous because this is only the second car I buy. Thanks a million.
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-The Mudge
Since we're focusing on deals in here, please take the leather talk to the Mods board. Thanks,
Steve, Host
Courtney Honda quoted me the original deal below.
I just bought a blue Honda EX Auto from Sussex Honda in Newton, NJ. My original deal was $22,273.00 which included 4 yr 60,000 mile warranty with wheel locks and a cargo cover.
I sat down with the finace man and then they played games with my interest rate. Told me that I qualified with 4.9 but if I bought a 5 yr warranty my rate will drop to 3.74.
I left there with a purchase price of $21672.87 and they charged me $1100.00 for the contract 5yrs 100,000 miles. So the bottom line is they only charged me an additional $500 for the 5yr exteneded warranty.
Just call and ask for the internet sales dept .
I paid an additional $500 for the 5yr (3yr honda plus and additional 2yrs)
You may want to go to another dealer and start with an offer. If you get a better deal there you can always go back to this dealer to see if he will beat or at least meet this offer. Best to wait until the end of the month and take the invoice with you.
The dealer's Internet team was very professional, honest & courteous. It helps if you know how to negotiate. This was my 16th vehicle purchase.
kyfdx
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If you want to shuffle cars I'd guess you'd do better moving used AWD's from the South and new 2WD's from the North. Most people would prefer a used car from the South (no salt, low rust) than the reverse. Interesting idea....
have the car within two weeks,also I need to speak
with the dealership to confirm the quote. It seems the dealership just
wants to move cars. Any thoughts ?