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Comments
Thanks again and Happy New Year to all.
Mike
Also only negotiate your trade in after you settle on a price for the vehicle your purchasing. Don't let the salesman mix the two. If they ask how much do you want for your trade, tell them you want what its worth but don't give a $$$ amount.
Yeah also if the salesman sells a vehicle and makes a net $2,500 profit for the company he is at least getting 20 percent if not 30. 20 percent of that is $500 and 30 percent is $750, not to shabby for a single car sale. Just think of what they would make selling it for $46,000 or closer to sticker. If they sold this car for $48,917 which is supposedly the KBB for it new, that would be a $8,000 gross profit for dealer, 30 percent is $2,400 for the salesman. Good commission for a couple of hours of paperwork.
Thanks again
Mike
Thanks again.
Mike
Mevande, I seriously doubt anybody will give you excellent condition value on your trade or non trade sale. It just hardly ever happens. That car better look like it was just off loaded from the dealer truck in 98 with new tires, new brakes ect. ect...to get excellent is just wishfull thinking. If it is in really really great shape then it may be beneficial to go with a private sale, because a dealer just won't give you KBB for excellent. You can try though!
The hidden dealer incentives you will not see in consumer reports. They are things like monthly/yearly area quotas ect.. and change often so reporting agencies can't keep track. Probably the reason the guy in MN can't get a good deal was because there were no competeing dealerships in the area. Generally that consumer reports invoice is still high by a couple thousand. You will never know the true invoice unless you work at the dealership in sales.
Anyone who lives in a small market with only 1 Acura dealer is going to have to buy out of town (my 2 cents again=)) for they likely will not offer much of a discount unless cars are not moving. Carsdirect.com is a good place to look, however its best deal had been 46,100 for a 2006.
So what your saying is .. that Consumers, Edmunds and all of the other reputable info sources are incorrect and there's a secret hidden double-wink alien handshake going on ...?
I think ya been a little too close to the eggnog lately ..l.o.l.....
Terry.
I am saying Consumer reports is a great way to start re: getting the base price on a car and it is always 1000's below invoice. Pappy shared a great deal on a car he purchased, however he had to negotiate hard (we all do!). Consumer reports show the dealer cost for a 2006 (base model, not tech. package) as $43,043. However there has to be more money out there for dealers for one poster bought a 2006 for 43,500. I suspect that there are incentives for end of month/quarter type deals and this is when I will 'strike':). Any comments re: performace in the snow? Thanks everyone. Mike
For anyone who is interested, check the Edmunds invoice then check the consumer reports. They are both different. Yes Terry, there are local are dealer incentives in every area. Which sometimes these reporting agencies don't catch because either they come and go within a month, are retained for returning customers, or are used for certain hard selling color combinations.
Now Terry, you can take that invoice for face value, but if you do, you'll pay alot more than you should. I can assure you I got my 06 under the "invoice", this is common in the car buying world. The Edmunds invoice does minus the holdback the Consumer reports invoice does.
For an example, Brandon Ford here in Tampa sells some of their Eddie Bauer Expiditions for $27,000. MSRP being around $40,000 for most. That $27,000 goes way past the holdback provided by Consumer Reports. Now why would a dealer lose money on a car? The won't! They are still making money on every sale, through those hidden incentives.
BTW pick up a sunday edition of the Tampa Tribune if you don't believe me, you'll see the advertisements for the 06 Eddie Bauer for $27,000. My buddy bought one about 6 months ago.
But comparing a Ford store with an Acura store kinda leaves readers down the wrong path as far as your information is concerned ....
The average Ford store sells 250 units a month, the average Acura store sells 80 units a month, that's a huge difference my friend .. the Ford store can pick up a phone or hit a keystroke and have 400 units shipped and delivered to their store in 7 days or less, Acura dealers can't do that ... the Acura dealers work on future allotments and it's also based on current and future floorplan, and most Acura stores (like most import stores) have to rely on current status, because they can't make a phone call and have a duplicate there in 30 minutes, maybe 15 or 30 days depending on the store .. that's why holdback is not a profit center - and never has been.
As far as what your friend purchased 6 months ago, we don't know what he purchased because the Ad's aren't reflective of any of your stated prices ... we don't know if it was an 06, an 05, was it purchased at the auction.? what was his trade worth.? etc, etc .. so you have a huge vacuum in your information .. but if you give me his Vin# I could find it.
On your purchase, you had a trade and you received KBB .. so not knowing the particulars on that vehicle, it could have been worth more than their stated trade, it could have been worth less .. who knows.? .. thats we have "Real World Trade-in Values" over at the Smart Shopper board.
I admire your zeal, but again .. there isn't any secret "come to Jesus" incentives or secret double wink handshakes and no 30% mark-ups .. that's usually left-up to the boating industry .. speaking of - the Miami show is coming up in another month .... the only figures that are misconstrued sometimes is the freight, the current dealer cost of advertising (which they admit openly) and the "current" incentive that Edmunds sometimes misses by a day or two ...
Terry.
Thanks in advance.
Terry.
And.. he gives a lot of good advice in the forums... and a different perspective from the average consumer..
If you don't listen to all viewpoints, you miss out on a lot... sometimes, people know things that we don't...
regards,
kyfdx
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Rock on Terry!!!!!!!!
Thanks for your insights on this forum. Trying to catch up. Are you stating that an Acura RL can not be purchased under MSRP? I am in the NYC area (lots of dealers in the tri-state area) and I know for a fact, via consumer reports that the net price to a dealer on an 2006 RL (without tech package) is ""Bottom Line Price.What the dealer paid for this car is 43,043. That # is dealer cost minus holdback which is 1,479. I just closed a deal for a 2006 RL for 43,600 net.I bet the dealer has incentives, hence making more than 600.00 on the sale. No trade for I sold my car. They even offered to sell my car to the person I sold it to through the dealership for a 75.00 doc. fee (which is 100% legal, I looked it up), hence saving on sales tax.
I gave them a 1000.00 deposit for my color is coming in tomorrow. Are you saying we are not getting these deals?
Mike
To those prospective car buyers out there, if you truly believe what Terry is stating then your being baited right into that dealers trap. No dealer is gonna come on a car buying forum in an attempt to get consumers the best possible deal for their vehicle. That would be counter-productive for their buisiness. Sure there are alot of plp taking Terry's side including one of the "hosts" of this board.
A dealers goal is never to minimize their profits, its to maximize.
How did you get that price? Can you give us some insight?
Would appreciate the help. Thanks.
This kinda sums it up, but read back a lil further and I explain it in more detail!
Do the prices you two negotiated ($43,500 and $43,600) include destination charge? I'm in the early stages of negotiating in Atlanta and the 2 dealers I've spoken with so far seem pretty firm about staying in the high 45s. How did you convince dealers further away from home that you were serious about purchasing from them, and not just fishing for low quotes to strongarm your local dealers?
Thanks and congrats on your deals!
Selling at invoice is one thing but your numbers are clearly less than invoice?
Am I missing something here?
Does anyone think that any dealer will lease for less than the website offer? If so, how much?
jbm, did you ever deal on an RL? I'm south of you, but would drive to ATL to get a good deal. The Edmunds TMV price for my zip is $47.9K.
Have you checked Sutton Acura in Macon?
Len
ksso
Well, ksoman, it's been a year and a half. Did you buy?
Price 42750
Included wheel locks, mud guards, all weather floor mat.
Drive off was first months lease pmt., registration, license, etc.
Leased at for 36 months, 15k per year. 600 lease initiation fee. Money factor .00207. Depreciation to 52% of msrp. With my local sales tax rate the monthly pmt comes to $675.
In the finance dept. the rep said the dealership gets $2000 back on the current lease offer. Since they were willing to sell it at this price, I wonder if I could have done even better.
Excellent deal. Thank you for the insight!
Question for you since you have been running the numbers recently. What would your payment have been at 10K miles per year? And what is your sales tax there?
Please let me know. Thank you.
Has anyone used the lease offer cap cost to purchase for less than 44k?
I'm tying to negotiate a sales price of 44k then use the 2k dealer cash as a cap cost reduction putting 42k into the lease special. With 10k miles (55% 36 month residual) this makes the payment $547.84 a month plus tax.
I'll post results......
I drove Infiniti M35x to compare but was sold on RL's drive feel . I just loved the cornering because of SH-AWD.
Love it so far.
'06 RL with tech package
Country/State/City of purchase: USA. CA, Pleasanton
Color Ext/Int: Lakeshore Silver Metallic/Ebony
Month/Yr of purchase: April 2006
Price paid before tax/lic: $49,518
includes back up camera, mud guards, wheel locks
2.9% financing $0 down!
Thanx, bobink
Thanx, tayl0rd
Color Ext/Int: Lakeshore Silver Metallic/Ebony
Month/Yr of purchase: April 2006
Price paid before tax/lic: $49,518
includes back up camera, mud guards, wheel locks
price obtained using carbargains.org.
Bottom line. I get a car with everything included at $7,500 below the other guys.
Now tell me again why the Acura price is too high.
I guess I'll hear that Acura's price is so low because of poor sales. That could be but I live in a large metropolitan area and I see as many RLs on the road as M35x and Audi A6.
thanx,
A>
Bought the car between Christmas and New Year. Guess the dealer needed to get sales up for 2005. Dealer is Piazza Acura located in Ardmore, PA, a suburb of Philadelphia.
thanks for the clarification.