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Honda Odyssey Prices Paid and Buying Experience

24380 messages,  Last post on Dec 05, 2009 at 5:58 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Honda Odyssey, Van


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#12548 of 24380
Re: Bought EX-L today $28,824.46 OTD from Penske Honda [dc_driver] by cccompson
May 10, 2006 (5:30 pm)
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Replying to: dc_driver (May 10, 2006 1:51 pm)

Honda's holdback is 3%. And let's not forget the other ways dealers can make money on accessories, trade-ins, and financing.
#12549 of 24380
Just purchased EX-L by moonangie
May 10, 2006 (6:37 pm)
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Just bought my wife a slate green/olive EX-L in New York for $27358. I added fog lights and an iPod connector for a total of $28136 plus TT&L. I tried to get all season mats, a cargo tray, and splash guards, too...but they would have cost extra. I am going to buy those at H and A for less than $200.
 
My OTD was $30750. A lot of dealers I talked with said this was a great deal and they wouldn't match it. It took me about a week to negotiate this price by calling A LOT of dealers. I am happy with it. What a terrific car.
#12550 of 24380
Re: Just purchased EX-L [moonangie] by dc_driver
May 10, 2006 (7:23 pm)
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Replying to: moonangie (May 10, 2006 6:37 pm)

Congrats moonangie, that is a great price on a great vehicle. We are loving our EX-L as well. BTW, I love the olive interior, we ended up getting the Oceanmist w/gray interior.
 
Congrats!
#12551 of 24380
Need Help with purchase by vchepur
May 10, 2006 (7:57 pm)
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Hello All -- I am new to this forum and I need your expert advise here. I live in the Northern VA and I am looking for a 2006 Odssey Touring (with Nav and Rear Entertainment System). I found a dealer in NJ who is willing to sell me one at Invoice price ($34,898) + Destination ($550). Total sale price will be $35,448 + VA Tax/Regsitration.
 
I would like to get your opinion if this is a good deal or should I negotiate something below the invoice?
 
Please advise...
#12552 of 24380
Re: EXL + DVD + Navi [sf_guy] by duper
May 10, 2006 (9:47 pm)
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Replying to: sf_guy (May 09, 2006 11:11 am)

Just bought a EXL + DVD + Navi in the SF Bay Area.
  
Price : $30,200 + Tax + DMV
Color : Slate Green with Olive
OTD : $33,008.

 
That is a very good deal especially for SF area. I didn't try San Leandro Honda when I shopped for mine. You got it for $1k less than I did. Nice.
#12553 of 24380
Re: Need Help with purchase [vchepur] by dc_driver
May 11, 2006 (5:41 am)
Reply

Replying to: vchepur (May 10, 2006 7:57 pm)

Did you try emailing Hendrick Honda in Woodbridge VA, or other local Honda dealers (Browns, Koons?)
 
Hendrick sold me an EX-L for roughly $600 UNDER invoice at the end of April. Let them know about your deal in NJ, I'd be surprised if they did not beat that offer (plus that saves you a trip to NJ).
 
I think you can get under invoice if you try hard enough. Also, buying at the end of the month tends to help. Again, I definitely encourage you to contact Hendrick's Internet department (calling them got me an even better price than the email quote I originally received).
#12554 of 24380
Re: Bought EX-L today $28,824.46 OTD from Penske Honda [dc_driver] by isellhondas
May 11, 2006 (6:29 am)
Reply

Replying to: dc_driver (May 10, 2006 1:51 pm)

People who talk about holdback should also talk about a little thing called overhead...the costs of opening the doors.
 
Holdback does not fall to the bottom line as profit. Far from it.
#12555 of 24380
Re: Bought EX-L today $28,824.46 OTD from Penske Honda [isellhondas] by dc_driver
May 11, 2006 (6:57 am)
Reply

Replying to: isellhondas (May 11, 2006 6:29 am)

Agree. That is why I added the line:
"But remember, at the end of the day, the dealer needs to pay the bills, pay his employees, and put food on the table...."
 
I was simply trying to explain why some dealers are able to sell vehicles under invoice if there are not any rebates or incentives available to the consumer. But I am going to be honest here. I do not feel bad at all for the dealer that I bought my Odyssey under invoice. The dealer will easily make $2K+ off my trade-in, and I will have my Odyssey serviced at that dealership as well. In addition, I have two friends and co-workers that have since purchased Hondas from this dealership becasue of word of mouth.
 
Just two years ago in Northern VA, folks were paying $1-2K OVER MSRP for Odysseys and were getting the runaround from dealers. I experienced this from a Honda dealer as well when I was looking at the current generation CRV when it first came out. Several local dealers that I went to wanted $1500 over MSRP. This is the way it goes. There are many worthy competitors (06 Kia/Hyundai, Sienna, future DCX van coming next year) in the minivan market right now, and Honda dealers are no longer in a position to sell the Odyssey above MSRP.
#12556 of 24380
Re: Bought EX-L today $28,824.46 OTD from Penske Honda [isellhondas] by kyfdx HOST
May 11, 2006 (7:01 am)
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Replying to: isellhondas (May 11, 2006 6:29 am)

That is true.. but..
 
Most overhead isn't directly attributable to each unit the dealer sells... Those are big numbers that are spread over the entire inventory... The more the dealer sells, the lower the overhead for each individual unit, but it isn't a dollar for dollar amount... and, other than the dealer, no one probably knows exactly what that number is.
 
However, holdback is a specific amount the dealer receives for each vehicle... He sells more, his revenue from holdback goes up an equal/proportionate amount.. and, it is an easy number to calculate..
 
Any per unit amount the dealer receives increases his revenue and profit. As consumers, that information is beneficial when negotiating a price.
 
When someone wonders how a dealer can sell below invoice? many times, holdback is the answer..
 
regards,
kyfdx
#12557 of 24380
Re: Overhead, holdback, and profit? [isellhondas] by hansienna
May 11, 2006 (7:19 am)
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Replying to: isellhondas (May 11, 2006 6:29 am)

Good comment.
     Dealers in this area add to the bottom line profit by the " NOT SO LITTLE item called "Documentary Fees" that now range from $ 249 to $ 399 per vehicle.

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