Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
2008 New Automatic Honda Fit Sport
Sales Price - $15,709
Tax (6% - PA) and tags and all fees $1,115
No Trade in - N/A
Out the door 16,824
good work though, I wish I could do the same.
In the last 6 months I have bought 3 new 08 Honda Fit Sport Automatics for myself, my wife, and my son, and the prices I paid were (before tax/license) $16,322, $16,187, and $16,123.
I think you will see many Honda dealers charging MSRP (and getting it) of $16705 for this car as demand continues to increase (along with the price of gas).
The MARKET will always determine pricing.
At 4-500 dollars, when sold at MSRP, they are already a little above invoice!
At 1000.00 below invoice, they lost a lot of money.
Did you have a trade in?
Why would any dealer sell the car if they were going to lose money? Especially, if the car is easy to sell right now.
I am replacing a 1997 Ford Ranger as well. We are having a child and my wife wanted me to get a car that we can both drive with a car seat in. We decided to keep the Ranger as a third vehicle and not trade it in.
Here is the good news. By driving the honda fit everyday to and from work plus running errands as long as we put 12,000 miles on it a year, we will save over $500 in gas money compared to the 3.0 liter V6 Ranger. That $500 is enough money to pay for the ranger as a third car on our insurance policy. So basically moving from 2 to 3 vehicles is not costing us any extra money with the Fit's gas savings accounted for.
You tell me. I have no idea.
Selling a car that is in high demand and short supply at a loss makes no sense whatever.
I'll give you a real world story however. In Febuaray of 2007 I sold a Honda Fit Sport A/T to a friend of mine. He drove it up until April of this year. In that time he put about 15000 miles on it. He advertised the car on carsoup and sold it in 24 hours for $300.00 MORE then what he paid for it. He hated to sell it but Northwest Airlines transfered him to Japan.
To address the other thing, the national advertised invoice is $16158.00 with $321.40 in total hold back (HTP+1%). Here in Minneapolis the mark-up for a Fit Sport A/T is $382.00 (thanks to our $200.00 co-op advertising fee for the six metro dealers) + $321.40. So the actual cost of a Fit Sport A/T is $15836.60 ($16036.60 in the twin cities).
So if you buy at MSRP or invoice you're getting an awesome deal and if you dont like the car you can always sell it and at the very least break even on it!
Before sale:
+ Came straight out and said that they can't keep Automatics on the lot, so don't expect haggling. OK, MSRP is pretty decent -- 16,705 for the fit sport. $17,943 once you add in the tax and doc fees.
+ When we said that our credit union could give us 3.5% APR on a 36 month loan, while they only had 5% APR, they bought their rate down to 3.99% and gave us $75 cash -- which is difference in the interest we would pay if we went with 3.5% from the credit union.
+ Didn't try to sell us stuff we didn't want or need (paint "protection", extended warranties, etc.) at least partially because we said up front that we didn't want them.
After Sale:
- The only way I found out that my delivery date was when *I* called *them.*
- The sales rep simply didn't want to talk to me when I called to check the status of the car.
- They could not or would not explain why -- when the car has been sitting just 50 miles away for *4* days -- it hadn't arrived yet.
- They would not "take ownership" of the delivery process, expecting everyone to just sit and wait for their car.
My personal favorite is this. I got a call from the sales rep today to explain why the car was still in the rail yard in East Brookfield, MA. He tried to tell me that the transportation coordinator told him that "the car comes in to the US in Portland, OR, and the floods in the Midwest have slowed down deliveries." This would normally fly, except that the car has been in Massachusetts SINCE BEFORE MONDAY. If you want to feed me a bunch of BS, at least try to make it Plausible BS. Don't insult my intelligence.
With the tiny margin in a Fit, the dealers don't have much to give.
"they don't seem to have too many"
I would think not when they are willing to lose money on them!
I just have to wonder why they would feel the need to do that?
Did you have a trade in?
So I feel better now and my car looks sporty!!! :-D And it's only $520 out of pocket. I could live without fog lights. (not much fog in so. calif.)... the rear spoiler... and cruise control. So all and all... I feel like I'm ahead. Plus I got the 2.9% rate from honda for 5 years. YAY!!
I just got on kbb to price out my Fit on KBB. It has 1200 miles on it so far. Checked Used Car retail value... and it's at $18,105!!!! For a Basic AT!!!! OMG!! So that really says something. Because you all know it's MSRP is aroung $14K - $15K for Basic model. COOL!!!! :-P
Paid msrp+ freight = 16705.
plus 160$ processing fee and tax/tags.
Was able to work it out over the phone.
I GOT THE LAST SPORT AUTO (and it was vivid blue!) WITHIN 4 DEALERS, in central Va.
Rule Honda Staution Va.
It was getting to the point where you have to order an 2009.
So, what color is it now?
Phil Reed, consumer advice editor at Edmunds.com
http://biz.yahoo.com/cnnm/080702/070208_dont_tell_salesman.html?.&.pf=family-hom- - e
The Sandman
Eg: 18K for a new base Mini - manual transmission(she can learn - tons of pluses here as well, plus it's nearly impossible to do distracting things like put on makeup and eat while driving stick) - It depreciates about $1K the first year(technically 2K since you are also paying tax and first time registration, much like a motorcycle has various fees new that aren't there used)
35+ mpg, cute, and holds its value well. Obviously you don't lease this car. I'd say if she can cough up the $3K for the difference, she can get a base model with maybe 1-2 small options.
Or go cheap - get her a two year old Pontiac Grand Prix for $9500 or so. It's big, safe, and gets about 25mpg combined(29-30 highway). GM vehicles are the best models used right now as they mechanically are decent but they depreciate like a rock. Let some other person eat the initial 40% depreciation. Two months is the optimal time here as the 2009 models come out and that means that the 2007 models will be two years old. 2007 was the start of GM's 100K drivetrain warranty)
I am no expert and have no interest in one name plate or another, I am just a teacher...But, I will say that whatever reliability ratings I found when I was looking around last year for a car were unfavorable for the Mini Cooper. This was very upsetting to me. I would like to believe it is not true but I found enough to get me away from this very adorable car. So then, please dig deep in your research to cover your bases. I cannot remember where I looked but probably I wound up on a number of sites like discussion boards, perhaps I might have looked at consumer affairs, consumer complaints..I wish I could remember but you know when you are looking around for info you just keep searching and get lost in cyber space!
As a teacher, The Fit works for me due to being able to put all sorts of stuff in the car easily to transport and people seem to envy me but I would love more plush seats and map lights....But I do like driving a small car.
Anyhow, I will agree with your daughter for wanting a mini b/c there is nothing cuter!
later!
sue:)
Thanks,
Chintan Talati
Edmunds.com
Corporate Communications
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews
The dealer was Criswell Honda in Germanton, Maryland. I started via the Internet and continued with the deal in person and over the phone. When he could not find a car on hand nearby in an acceptable color, the salesman reserved one of the last 08 Sport manual cars his dealership expected from the factory. It took about three and a half weeks for the Milano Red Fit Sport to arrive but I was in no hurry and didn't mind.
One other dealer was more than a thousand dollars higher and wouldn't budge, larding the price with an $873 destination charge and a $400 doc fee. All I can say is, look out for this sort of thing. The saleswoman was at least up front, admitting her boss simply adjusted the fees up as customers negotiated the price down. "We're not giving away anything on Fits and Civics right now," she said. Other dealers wouldn't come down below $16,200 before fees and taxes. And they were a bit rude to boot. The people at Criswell were polite and fair, even though they knew they had a hot product on their hands. Because of this, they got my business and probably will again.
I've driven the car 200 miles and am very pleased so far with the construction quality, roadholding, steering, braking, and economy. The ride can be a little choppy on some roads. The shift linkage is fantastic. The Fit is commendably quiet for a small, inexpensive car, and amazingly roomy. The back seat really does accommodate adults -- it's better than the Civic's. I've bought an after-market dead pedal from Zeta but haven't installed it yet. Maybe tomorrow. The gas pedal is a little close and there's nothing to be done about it. I'll need to put a pad on the seat to make the cushion more comfortable for me. That will come from AutoZone, but I'm very slim and have had to tinker with seat padding on nearly all my cars, so no big complaint there. The retaining hooks for the all-weather floor mats were a bit of a pain to install as I'd heard, but not impossible; I just did that this afternoon. I also bought an after-market center armrest with storage compartment for about $50 via eBay and installed it in five minutes flat. It's great.
Most of the driving so far has been in the city, and even with that, the car appears to be averaging more than 30 miles per gallon on its first tankful. I know it'll do even better on my first highway trip next week.
Total: $17936.81
Hope it helps someone!
$15,870 - vehicle
$670 - destination
$99 - processing
$998.34- taxes **6% PLUS TRADE IN TAX CREDIT!!!!
$237 - new tags, title, registration
Total on the road price $17,874.34
I'm picking it up on Saturday.
$15,951 Vehicle & Destination
$0 Processing/Documentation Fee
$0 Dealer's Business License Tax
$12 Temporary Tag
$15,963 Total (This is the amount of the check that I wrote to the dealership)
The car came with wheel locks installed by the dealer and is included in the above amount...a pleasant surprise I might add...I will take care of all DMV costs myself directly at a DMV office...there was no trade-in...also no extended warranty, no tire-wheel extra warranty, no window etching, and no paint sealant add-ons...I'll take my chances...the entire deal was negotiated by email as the result of my request for dealer quotes thru honda.com.
So far the car has exceeded all my expectations...it hasn't reached 600 miles yet so it's still in "break-in" mode...I like the sport steering (it reminds me of a Mustang GT), the lack of interior noises/rattles, the ride (better than a Jeep Wrangler by a long shot and not quite up to Mercedes standards) and then there's that new car smell...have never owned a 5-speed automatic before & find it shifting up /down on our central Virginia rural roads but if it gets the rated fuel economy I really don't care...I'll experiment with the paddle shifters after the break-in period has past.
Also, West Covina Honda in California gave me $15999 quote for the same car.
Hope it helps
I bought a new 2008 Honda Fit, AT, base model on July 26, 2008. I live in New Jersey, and I shopped around the area Honda dealerships before ultimately buying from DCH Paramus Honda. I would recommend the dealership to anyone looking to buy a car, and not just for the pricing. Anyway, I paid:
$15,000 (vehicle + destination) + $1,050 (NJ sales tax) + $7.50 (tire tax) + $433 (registration, documentation, + dealer fees) = $16,490 OTD
I hope someone finds this information helpful.
Good luck and happy car hunting. =]