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Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
21036 messages, Last post on Nov 22, 2008 at 8:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just closed the deal on subject Odyssey - Dark Cherry Pearl. Love the van, but hate to give up the TL - just can't squeeze in three car seats... Details: Price: $28,638 Fees: $499 Tax: $1,718 TL: $67 Out the door: $30,922 There are two interesting things about my transaction. 1) My trade, the aforementioned 2007 TL-S (God I loved that car...). They gave me $25,000 for it and I owed about $30,100, so I rolled $5,100 into the new note at 2.9%/60 mos. So, I ended up financing right at $36,000. The interesting thing - that I've not seen before - is that they changed the way the deal was structured on paper. As listed on the contract, they gave me $30,100 for the trade, ostensibly because "they can't show a negative down payment". I immediately commented that "you can also show this to the future car buyer as leverage" - as in "We can't sell it for less - we'd be taking a loss on the car". Something to keep in mind for future purchases... The proof of the amount they gave me however is in the tax, which must be paid on the amount of the sale: $1,718. At 6%, that back-calculates to $28,638. 2) When we went into the dealership on Saturday, they had two of these models in red and one in white. When we called back this afternoon, they had sold two of them. No big deal, they still had a red one, which I wanted. When we got there, however, the salesman tells me that the one they have left has 1,800 miles on it. I'm not terribly upset about this - all things considered - but my wife is. After my 20 minute phone conversation with her, I let the salesman know that the dealer across the river (Huffmann Honda in Clarksville, IN) offered to match their deal - and that they have one in red. He disappears, then comes back to let me know that the one that had been "sold" had not had a deposit put down, so he was going to let me have it. The other customer was working with another salesman, so he'd let them deal with that. Being on the good outcome, I'm OK with that - I know how things go - but I would be irate if I was the other guy (I think she came in before I left...) Overall, I don't think that I saw a better deal for this car mentioned in these forums ($29,140 + TTL), so I am as happy as I can be given that I'm now officially a minivan-driving 30-something parent of 2.9. I'd recommend Sam Swope Honda and my salesman, but only because of the price. Thanks (for the second time) to the other users of this forum for helping me zero in on a good deal. Lew |
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Replying to: davidingilbert (Oct 10, 2008 1:50 pm) |
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Thanks to this forum, I was able to copy and paste what you guys were getting and then I emailed them to all my local Honda places. I live in Houston. Specifically Katy Honda. I picked up the cherry with tan EXL- NAVI/RES for $29,589 in the cherry red with tan leather which is what I wanted, 2008. I also get free oil changes for life from the dealership and free loaner cars for life if a wait over 2 hours in the service department. I also recv'd 0% financing so I am happy as can be. It has 23 miles on the odometer. I felt like with the zero percent financing I was getting a GREAT deal. thanks everyone! I really suggest copying the prices paid and then sending to the dealers, I copied everything Btw I purchased mine from Honda of Katy Texas, I went thru the fleet sales for this and used Brooke and the GM too. HTH someone else (I also sold my volvo xc90 on ebay for for $5K more than I what I owe  for so I am having a good car week!) KH 
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Replying to: mommyof2boystx (Oct 14, 2008 1:04 pm) Was the 0% from Honda? Do you know if this is new and for how long it will last? Combing the $3500 cash back with 0% is an unusually great deal. I don't know if Honda ever gave such deals. It's definitely a buyers market.
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Replying to: mkhasawn (Oct 14, 2008 2:02 pm) not even sure that I realized I got the cash back bonus! Rate: *realized I forgot the .9 when I said zero, to me that is zero but officially its not, its .9 which is not zero, my apologies!! I am headached from numbers* mind you its a published rate, it would have been 2.9 for 60 months (like the previous poster) if I had to finance it that long, so yes the 0.9% was from honda finance. I am not sure I would have gotten this deal on a 2009. so its totally feasible, but you would have to pay it off in 36 months but it is a high payment I know. You need a 650 credit and good debt to equity and income etc, they are really wanting to move the 2008's, the biggest problem is that the 2008's are getting taken quickly, they only have 2 other 2008's right now. K
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Replying to: mommyof2boystx (Oct 14, 2008 2:19 pm) Looking at your numbers, you did get the cash back as well, so that's good! I agree that 08's are being taken quickly, but some dealers still have quiet a few. One of them had five 08 Tourings left!!!! I know the dealers' website may not be up-to-date, but I saw this on the salesman's computer screen the other day! This was in NYC, so I guess it just depends on where you are. Another dealer I talked to had none in stock! Let's see, maybe they will extend the 0% to 60 months to get rid of all the 08's (I hope but doubt it). I think the competition is getting harder because Toyota recently announced the 0% (36 months) on most models. It's becoming interesting every day!
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Replying to: mkhasawn (Oct 14, 2008 2:39 pm) anyway, I would have gotten ZERO percent on 60 months AND 6 months deferred payments! since it was truly zero percent it would have been fine for me to go 66 months and not have a car payment for 6 months, but all they had were 2009's! so hope that helps someone! |
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Replying to: mommyof2boystx (Oct 14, 2008 1:04 pm) We also stay in TX, Could you send me the details base price, tax etc and the sales person name. Appreciate your help. Thanks |
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Replying to: mommyof2boystx (Oct 14, 2008 1:04 pm) Please could you send me email your base price, taxes and OTD Price etc,and sales person name as I intended to purchase by this weekend I would appreciate your help. my email: catchkrprasad  yahoo.com Thanks |
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Replying to: pavanman (Oct 11, 2008 6:28 pm) I then also had the name, number of each dealership ready to call from my cell phone and do business, telling them I had NO problem flying with one of my free flights from southwest airlines to drive a car down to save $$ something and then write off the trip for my husbands company. so each time that was when they said fine and we moved on. thanks again K
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