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Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
20366 messages, Last post on Sep 07, 2008 at 9:53 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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This info may not be too useful, but to the person wanting to find a dealer in central PA, I bought an '01 EX a little more than a year ago from Mark Sanata at the New Honda City in New Castle, PA (well, western PA). I was on a wait list at Dix honda (a great dealer) in state college near my home, but needed the van for a trip. I called about 40 dealers in PA, OH, MD, IN and IL, and found (almost too good to be true) a car in the color I wanted coming within a week or 10 days to New Honda City. I was skeptical, but put down a deposit, and, voila, as promised, I got the car I wanted in the color I wanted, when promised, for MSRP. Made me sick to pay sticker, but it was well worth it. Mark was honest, straightforward and nice. I must have been in the right place at the right time, though... Good luck! |
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| I live in prov,ri. I bought from an out of state dealer in pa.My salesperson offered mea 4-8 week wait and free home delivery,PLUS -$300 msrp.I accepted the deal with my deposit of only $50 by credit card over the phone and my van got here about 4 weeks later.I am very very pleased with my EX and my whole experience.I received very pleasent and quick service.The salesperson name was MIKE C. and the dealership in PA was Burne Honda.The are located in the scranton,PA area.I would highly recommend mike and burne honda to anyone within the northeastern US. | |
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Great discussion on MSRP guys. Ody is a super van. Can't help but feel that Honda is manipulating the market, though. Just as dealers are able to set prices at what the market will bear, consumers should vote with their wallets. If you are comfortable paying MSRP or above, and have the money, then pay it. I suspect the same "shortage" of vehicles will occur when the Pilot appears for 2-3 years, and the Odyssey will start to be discounted as the other vehicles hit their redesign point. There are already a couple of vans with 5 star safety ratings and the slowing economy may force Honda to back off a bit on their "my way or the highway" approach. One thing I do know for sure: Every dollar of profit in the dealers pocket is one less that I have to pay for my kids college, my retirement, or the Ody's insurance and gas. Some folks lose sight of that. The above posting on the EU and Canadian vehicles in the US market had an interesting insight: "Simply put, Canadians are not willing to pay as much as Americans for their vehicles. If manufacturers raise prices on new cars in Canada, consumers will buy used product instead. With enough choice in the marketplace, people will buy the best quality at the best price. That's what competition is all about. Our government should encourage that." Had an interesting e-mail exchange this weekend with an Internet manager at a dealer who "also" had a bonus of 15 extra Odys (like a previous post). here in N. VA. He said most other retailers (excluding car dealers) in US made 10% profit and he only made $480 above invoice on "most" Hondas. (so that equals 3% holdback, plus $480, plus applicable advertising allowance or dealer cash back). I know several folks who would LOVE to make 10% profit...grocers, gasoline retailers, etc...so I question validity of the blanket statement. Since the manager mentioned Ody's at Edmunds TMV, I did the math and asked if he thought 18.5% profit was fair? (BTW, MSRP = 10%). Even when buying a home, we only pay 7%max (usually 3.5 to buyer and seller's agent each). BTW, the Internet manager knew nothing about the Ody comments on Town Hall. Enjoy the exchanges, guys. Thanks for the interesting debate, and information exchange on a great van. |
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| Looking for prices paid for an Odyssey in the NE Ohio area. Thanks!! | |
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When you buy a home you are paying the realtors 7%, but you do know that the builder and all of the subcontractors and the developer are making a profit on that home as well, right? Scott |
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It is unfortunate when people have had a bad experience..especially with a Honda dealership, but it does happen..Fact is..Honda does not minipulate the market..they choose to build the best product and then not saturate the market... Honda Odysseys will remain in high demand..You can always buy a caravan..to which they build about 300000 more units..Not a bad vehicle,but that is why Honda does not saturate the market. It keeps resale value highwhich has always been a Honda trademark... Even though you might not like paying MSRP..in 2 or 3 years if you go to sell it..The Caravan that you "saved" $4K on by getting a discount is now worth $10k less than the same Odyssey.. Value is perception..IT IS NOT PRICE.. just like the old saying.."You get what you pay for"... |
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Scott- Are we discussing a Value Added Tax (VAT) or cars? I suppose your theory applies a bit to both homeowners and cars and I agree with you. Where ever you add costs along the way drives up the pass along costs. However, my point was that very few areas of sales offer or expect 10% returns on the end product, regardless of induced costs along the way. Some folks are willing to pay MSRP without doing the math, and dealers quite obviously encourage that. RWestmoreland-Won't debate what you obviously feel strongly about. Just a comment that actually in procurement (which is one of my lines of responsibility at work) price IS a factor, but not the ONLY factor in value which is probably what you meant. (Maint costs over life of procurement, reliability, original price, technical specs, product warantee/guarantee plus customer satisfaction) = Value (Yes, there really is a formula for value procurement) When applied to cars, some people put extra personal weighting on exclusivity or guarantee based on personal preference or emotion. Others on maintenance and reliability...thats what sold Caddies to grandmothers for many years until the company didn't realize the market was dying. BTW, wouldn't touch a Caravan, but that's another choice that some folks make. As for not saturating the market, well, one man's market manipulation is another man's non-saturation. Just getting the Alabama plant on line, and switching the Canada plant to the Pilot vehicle will certainly not saturate either market. Do we get extra value if we pay above MSRP? I know you'll say no, but some folks actually think that because they pay more that that is value. One thing I do know for sure, is that car dealers sell more cars than you or I will ever purchase in a lifetime, and they have more ways of skinning a cat than the average person. Sorry I didn't put down that I don't sell vehicles after purchase...I either drive them into the ground, or donate them to charity. That weighs heavily into my own "personal" value equation. It sounds like you trade every 2-3 years, and there is merit to your argument for you. Plus, by trading at 3 years, you don't have to pay for an extended warantee. |
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...out of people with set policies on how long they keep cars, like it's some sort of law or family tradition that MUST be followed. Can't you weigh your options as time goes by? If you were driving an 8-year-old car worth $5,000 and somebody offered you $7,000 the same week you won or inherited $100,000, wouldn't you consider a new car? Bottom line is you could have a 12-year-old Odyssey with 150,000 miles and it still may sell for $5,000 in 2014. You could buy an equally equipped Grand Caravan for $4,000 less and it might be worth only $1,000 in the same scenario. So keeping a car a long time doesn't necessarily eliminate the cost-over-time equation. Someone who has the "I drive them into the ground" philosophy either hasn't owned cars that retain decent resale value, fall apart as they age, or both. Understand why a friend's recently traded '97 Eagle Vison ES was worth $3,000 and a '97 Accord with an equal MSRP when new is currently worth $10,000, and you'll understand why choosing to buy an Odyssey was easy, even at MSRP. And factoring the cost of an extended warranty into the cost of a vehicle one plans to hold onto longer than three years is illogical. One may choose to invest the $1,000 and self-insure the repairs that occur between 36 & 100K miles. In most cases, the Odyssey owner that chooses this option will come out way ahead (I hope to be one of them); it's a matter of personal comfort level. But whether selling at 3 years or 6 years, the warranty will increase the value and salability of the vehicle. |
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Folks, just as demand is waning, we see production of Odyssey at all time high. Jan numbers are 2500 Alabama and 13,000 Canada. thatis 15,500 or about 16 vans per dealer on average for Jan. On an annual basis it would add up to 186,000. We will see production go down in late spring as pilot comes to life. Seems to me one can get a discount in march-april as supply will finally exceed demand. Snotty Honda dealers should be boycotted first. Support the ones that were fair and honest. INKY |
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Hos02 posted this awhile ago: <snip>...keep this in mind: If you were selling a used car with an asking price of the highest of all price guides, and three people all wanted the car and bid it up to $1,000 over your asking price...... Would you sell it to the first person that contacted you at your asking price, or to the highest bidder? In our great capitalistic free-market economy, it is the consumers in the local marketplace who set the price, not the dealers.</snip> Agreed that the consumers set the price. However, my local market includes BC, Canada. Honda is pricefixing in my local market, and its wrong. I, for one, choose to vote with my wallet and simply not buy one...yet. Markets change, political winds change (see post above about EU), and when enough of us get fed up and either buy something else or wait, Honda will change. |
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