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Honda Civic Prices Paid and Buying Experience

9190 messages,  Last post on Nov 10, 2009 at 7:25 PM

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What is this discussion about? Honda Civic CRX, Honda Civic, Honda Civic del Sol, Coupe, Hatchback, Sedan

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#728 of 9190 Civic EX by jaxs Dec 18, 2003 (8:04 am)
Sorry about the specifics! Its for a 4-door automatic sedan with side airbags. No additional options, just sunroof/moonroof, factory cd, floormats, cargonet. Its also the magnesium metallic color.
#729 of 9190 Civic Ex 2004 by jaxs Dec 18, 2003 (8:09 am)
I guess what I am really wondering is if the invoice price listed on Edmunds is actually what the dealer paid for it, or is it a price they use for negotiations purposes? They told me the car is priced at $199 over net, but what does that mean? Or where should I look for that information? I appreciate any advice.
#730 of 9190 ReCivic Ex 2004 price/ jaxs by bd21 Dec 18, 2003 (11:33 am)
The price you are quoting is less than the dealer paid for the car, so I think you may not have the correct figure for the car. Edmunds' prices are correct and are as follows: 2004 Civic EX 4-door, automatic with side air bags invoice is $16,732, plus an additional $490 for shipping. There is a 3% dealer holdback on the base price of the car only, but not on the shipping. It is extremly rare for the dealer to let a car go at invoice including shipping or less. Plus you have to add shipping, which you have to pay no matter what which is $490. If the dealer simply gave you the car as it was dropped off the delivery truck, it would have cost them $16,720.04. So if the dealer didn't want to pay for any of his overhead and was hell-bent on going out of business, he only lost $68.04 by selling you this car for the $16,652 that you say he quoted you. Like I said, run back there as fast as possible and write a check, but I kind of doubt your numbers will match up when you go back there. Keep us posted, you have our attention.
#731 of 9190 My '04 Civic EX Auto purchase... by miester_v Dec 18, 2003 (11:58 am)
Well, I recently made a purchase of a brand new 2004 Honda Civic EX coupe with AT for a purchase price of $16,581 including destination and documentation charge. Is that a good deal?   However, it doesn't really matter overall because we got a APR of 9.0 and we got scammed into purchasing a $1500 warranty for Honda Care which was not verbally or visually disclosed to us. But we can always cancel the warranty and get that amount subtracted from the finance amount. Once that happens, I should be pretty satisfied with the amount that we've paid. Just for reference, we paid $7000 down and we have a credit score of 540. I hope our APR wasn't too inflated, if at all.
#732 of 9190 by anonymousposts Dec 18, 2003 (4:05 pm)
540 isn't that great of a credit rating so 9.0% isn't terrible. However, pay on the car for about a year and then try to refinance it through your credit union or bank at a lower rate. My credit union was going as low as 3.4% up to 60 months on any 2001-2004 just a few months ago.
#733 of 9190 Re My '04 Civic EX Auto purchase/miester_v by bd21 Dec 18, 2003 (6:11 pm)
As your deal stands, you definetly overpaid. You have to look at the whole deal and I'm lost on how you signed paperwork without knowing that you paid for an extended warranty. Personally, knowing cars and Hondas well, I would never purchase an extended warranty. The odds of you ever needing it are extremely rare, but if you can't sleep without one, it can be purchased from any Honda dealer nationwide. The going rate is less than a $1000 for a zero deductible 7year/100,000 mile warranty. As far as financing rates go the credit unions in my area run 3.9 to 5.6%, so Honda got you on the interest rate and warranty. If you can drop the warranty and refinance the car for under 6 percent, than you have a reasonable deal. Honda still has 2.9% financing, so with $7000 down, I'm surprised they would not finance you. You must have some credit issues that hurt you pretty bad. Next time bring your approved financing with you, so you don't get caught off guard. Also, bring a calculator and figure out what your payment should be. Letting the dealer crunch the numbers leaves you wide open for a chance to slip something unexpected in. The invoice including shipping on your car is $16,629 and you said you paid a little less. However, the reality is you paid almost retail with the warranty overcharge and the high interest rate.
#734 of 9190 As for the credit unions... by miester_v Dec 18, 2003 (7:09 pm)
We've tried our credit union, Capitol One, and Lending Tree, and all of them rejected our application for a loan. So that's the end of that as far as 3rd party finance goes. And as for the APR of 9.0%, yeah it's pretty high no matter what score you have, but we have a sore of 540 and expected rates much higher than 9.0%. If we have the chance, we will try to refinance, as suggested by one previously. But I'm pretty sure we got a good starting point of the purchase, which is the price of the car itself. I do feel pretty good about that, and I doubt that much else would go in our favor after we (surely and easily) cancel the extended warranty.
#735 of 9190 bd21... by isellhondas Dec 19, 2003 (6:43 am)
Do you have any idea what a 540 beacon score is?   A 9% rate really isn't that bad considering that!
#736 of 9190 re bd21... by isellhondas by bd21 Dec 19, 2003 (9:22 am)
Yes IS, I know his score is low, but I though his $7,000 down might help him out. I'm one of the lucky ones, I couldn't tell you my score, I have never checked it. The only debt I have is my house and it's halfway paid off on a 15 year 4.9% loan. I make a fair amount of money and I didn't get my first credit card until I was 30. No one would give me one. I'm 44 now and have a 2001 Accord. I getting a 04 Civic in a month or two. I don't like to finance cars long, so I'll put down $10,000 and pay the rest it off within 6 months. The interest rate doesn't really matter because of the number of months I'm working with, but I'll use Honda's 2.9% if it's available or my credit union's 3.9%.
#737 of 9190 Civic EX by jaxs Dec 19, 2003 (8:01 pm)
OK I know I was all about this Civic. BUT I have now found an Accord 2003 Lx 2 door for 16400, 300 miles at Don Carlton in Tulsa. I can't pass this up either. Comments? And yes the civic is still the same price at Mark Roberts in Bartlesville (1st offer as well).

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