Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
24381 messages, Last post on Dec 05, 2009 at 9:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: tom477 (May 09, 2006 3:59 pm) Your price is good. If it includes freight it is a little more than $200 under invoice. Not bad. You could try to wait until the end of the month. The great thing about VA is we have a 3.17% tax on vehicles. I was also able to get 5.7% financing through Honda (same rate as my local credit union). BTW, I love the Nighthawk Black. It looks really good. I just traded in a black car and decided to get a differnet color since it is so hard to keep clean. Good luck! |
|
|
Replying to: pjsjr (Apr 26, 2006 7:17 pm) Did you guys buy yet? Where did you wind up? How much did you pay? I have always found Schaller in New Britain to be good to deal with but I am open to new dealerships if the price and service are right. I am looking for a 2006 EX-L without RES and NAV. Thanks for your help.
|
|
|
Folks, I picked up a Odyssey EX-L from Russell and Smith Honda in Houston this morning. It is Slate Green with Olive interior and is just beautiful! The ride is unbelievable and had a lot of fun playing some good CDs on the drive back home. Paid $27,235+TTL. Total drive out price was $29,182.55. About $1025 below invoice. Not bad for a Honda! We had agreed on a price that was $925 below invoice. They also applied the $100 internet coupon I took from their website. The buying experience was awesome. Russell and Smith folks were fantastic and no pressure to add on anything else. Got a decent APR (5.85% for 3/36) and was very happy with the service. I will definitely recommend them to friends and family. Thanks to all on this forum for the excellent feedback. If not for this forum, I would have ended up paying $1500 more. Special thanks to DC_GUY for the excellent commentary and feedback, and also to CUONG for the Russell & Smith recommendation and the $100 internet coupon tip. Now its time to enjoy my new Odyssey! 
|
|
|
|
|
Replying to: dc_driver (May 09, 2006 5:00 pm)
|
|
|
Replying to: donm23 (May 10, 2006 9:09 am)
|
|
|
Replying to: netstheway (May 10, 2006 1:08 pm)
|
|
|
Replying to: netstheway (May 10, 2006 1:08 pm) So, lets say a dealer get 3% holdback on a $30K vehicle. That would be $900. In most states dealers also charge "processing fees". In VA where I live, most of these fees range between $200-300, and none of the dealers that I worked with were willing to waive that fee (some may, just not in Northern VA). Some states like Maryland have limited this fee to $99. So, if you factor in the $900 holdback, and the $300 processing fee, the dealer has made $1200 for selling a van at invoice. Manufacturers also sometimes pass along incentives to dealers on a particular vehicle which will allow the dealer to sell vehicles below invoice as well. Some of these incentives are general knowledge (rebates) and consumers can use them to bargain, and some of these incentives are not. Typically, you will not hear of too many incentives on Honda vehicles for the first 1-3 years on a particular model generation (if ever). While I can understand people like me being able to get an Odyssey for $500-600 below invoice at a volume dealer, I am not sure how dealers are making money by selling Odysseys for $1-2K below invoice unless there is an incentive of some kind between Honda Corporate and the dealer that is not advertised. I imagine there may be some other incentives as well based on how many vehicles a dealer can move off the lot for the month/quarter/year, but again, these things are not usually general knowledge so cannot be used in negotiation. Although this does explain why some dealers will suddenly offer lower prices at the end of the month (which is when I try to buy). Again, if you get an 06 Honda Odyssey at or below invoice, I think you are getting a good deal if there are no incentives available to the consumer. Hope this helps, and I am sure some other folks can share some more info. Especially holdback. I am not sure what Hondas dealer holdback is on the Odyssey. If it is 5%, the dealer has more room for negotiation vs. 3%. But remember, at the end of the day, the dealer needs to pay the bills, pay his employees, and put food on the table.... |
|
|
Replying to: cccompson (May 10, 2006 1:46 pm) 
|
|
|
Replying to: rdharams (May 10, 2006 12:54 pm) Just passed the break in period of 600 miles. So I need to take it on a long trip to test it out. |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2011 Honda Odyssey
Browse by Board
Browse by Topic
Today's Chats
