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Honda Odyssey Prices Paid and Buying Experience

24381 messages,  Last post on Dec 05, 2009 at 9:37 AM

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What is this discussion about? Honda Odyssey, Van

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#5040 of 24381 EX-L w/NAV by nit2 Feb 11, 2004 (10:20 am)
Bought one end of Jan '04 for $27,456 including destination charge. I think that is $450 below invoice (incl destination charge). Doc and other fees added $270.   I invited quotes via email. Some were very responsive, breaking out the numbers in the manner I requested. Others didn't and wanted me to come in and talk to them so they could "give me the best service" (they lost my business!) I picked the best numbers and shortlisted the dealers. Went in and made sure they gave me the deal they offered via email.   Caveat: they do try (very hard) to sell you extended warranty or get you to finance thru them. Also, if you want any accessories installed, have them do it (to your satisfaction) before you pay and take delivery.   This board has been very helpful to me in my search and I wanted to return the favor by sharing my experience.   Thanks to all and I will try to stay tuned.
#5041 of 24381 Factory Holdback Honda by tmm_col Feb 11, 2004 (10:43 am)
Greetings, I just signed up so this is my first time using the Town Hall.   My question is the Honda Factory Holdback. Is it 2% or 3%. If have the answer can you share with me where you found this information.   I am looking at purchasing an Odyssey EX-L-RES (leather with rear entertainment system)and an need accurate Factory Holdback to determine Dealers true cost.   Thanks
#5042 of 24381 Experience by txody Feb 11, 2004 (11:47 am)
In one day, I went to 4 Honda dealerships in the area (central Texas) looking for a new EXL-RES, with a trade-in. Two dealers asked how much I wanted for the trade-in, and told me "good luck" and gave me my keys back when I gave them my answer (didn't even give me a counter-offer). The other two gave me two very low offers for the trade-in. One was willing to negotiate, the other wasn't. The one that negotiated didn't even get close to what I wanted for trade-in and cost of the new Ody.   So, I went home very frustrated. Two days later, I got calls from two dealers. One of the ones that didn't give me a price, and the one that was willing to negotiate. In the end, I paid $1k over invoice on the new Ody, and got $2k over KBB for the trade-in (or paid $800 under TMV for the Ody, got TMV for the trade-in).
#5043 of 24381 Tmm_col by steve_ HOST Feb 11, 2004 (12:23 pm)
Welcome to Town Hall.   We say holdback is 3% for the Honda.   As the link says, don't focus on holdback in negotiating so much, but instead focus on your out the door cost.   Steve, Host
#5044 of 24381 TO: txody by rbell2 Feb 11, 2004 (1:35 pm)
Do you mind telling us what vehicle, yera, and mileage you were trading?
#5045 of 24381 tmm... by isellhondas Feb 11, 2004 (6:32 pm)
If you really want to determine a dealer's "true cost", you would need to take the invoice, deduct the 3% holdback and then figure that car's share of the dealer's overhead.   I know people don't want to think about the Cost of Doing Business but these costs are staggering and really need to be considered.   I agree with our HOST here. Instead of trying to figure out all of these costs, etc, concentrate on your total OTD costs. It'll be much easier that way.   Good Luck!
#5046 of 24381 cloud nine by 804teamster Feb 11, 2004 (9:53 pm)
Hi all ,, first time posting here. just bought a 2003 NEW ( 3 miles ) Odyssey EX-L white / fern leather   $24,050.00 van   2,083.00 NYC tax      85.00 reg , inspection      12.50 NYS tire waste   $26,230.50 total plus splash guards and free oil changes for 2 years ( just tip the worker )   Bought my van in New York City , went on Feb 2nd ( but since jan 31 was on a saturday they had till Feb 3 for January sales ) told the salesmen that i wanted a 2003 for $24,100 out the door. They said no thankyou I left but gave them my cell phone number before leaving. The next day, wednessday Feb 3rd at 11:00am got a call from the same salesman he told me if I was able to get everything done by 9pm we had a deal. Called geico , went to the bank , was done by 3pm. Very Happy ( to tell the truth I was going to go back on the 2nd and offer more money LOL ) Thanks for all your post they really helped......
#5048 of 24381 RE: rbell2 - trade-in by txody Feb 12, 2004 (7:24 am)
rbell2: My trade-in was a 99 Chevy Tahoe, loaded, with 56k miles on it.
#5049 of 24381 OTD Cost (Factory Holdback Honda ) by tmm_col Feb 12, 2004 (11:06 am)
Thanks for the Welcome and the information.   My out the door cost .... best offer so far is   Honda Odyssey 2004 EX-L-RES (leather and DVD) is $27,769 OTD (includes Destination Charge)   MSRP $29,990 + $490 (Dest Charge)= $30,480   Goal is $27,500 OTD   Invoice: $26,980 $26,980.00 - 914.40 (3% of MSRP)3% Factory Holdbk __________ = $26,065.60   $26,065.60 + 781.97 (3% Profit above invoice) __________ =$26,847.57   $26,847.57 + 490.00 (Destination Charge) __________ =$27,337.57 ( rounding up to what I want out the door - which is $27,500.00)   So, I believe I am in the ballpark for an OTD price of $27,500   Hope all is well   Once again thanks for the input.

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