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Prices Paid: Buying & Leasing Experiences Honda Civic Prices Paid and Buying Experience
9204 messages, Last post on Nov 28, 2009 at 10:11 PM
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Went to a few dealers today looking for a 2009 LX for 16500, and i found this deal instead. Tell me what you guys think: 2008 Civic EX Coupe w/ Navigation (5 speed manual) Black with grey interior <100 miles 1.9% financing So it's basically a left over 2008 model that they are trying to get rid of... We negotiated down to $16,888 + taxes title, etc. This is w/ 1.9% financing as well. Do you guys think this is a good deal? If so, do you think i can negotiate any further for this, or is that it? Anything else I should look for? Thanks!
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Replying to: ilumo (Dec 21, 2008 4:37 pm) I found one just like yours when I was shopping around for $17,005 Plus TTL w/o NAV and with 71 miles. I would say go for it. The reason why I didn't take it is because I read a couple of bad reviews from Borman in Las Cruces that say that at the end they charge you extra for TTL and I didn't want to deal with that kind of people. I ended up buying from El Paso Honda, I got a manual 2009 LX-S instead for $17500 plus TTL. I was sad because I really wanted one w/a moonroof but anyway I'm happy with my purchase. If you are not in a hurry, I would also recommend to wait until Jan, the word is that Honda will go down to 0% APR once the current offer of 1.99 for 36 months and 3.99 for 60 expires on 1/5/09 
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Replying to: tupuc (Dec 21, 2008 7:51 pm) I also heard that Honda is planning on going down to 0%. In addition they may reduce prices: like verybody else incuding Toyota and Nissan. I know that they (HONDA) are drastically reducing production, and next step would be to cut prices. Historically January/February is Veryyyyyyyyyy Slowwwwwwwwww in car business and Honda will loose market share big time if they dont put more incenitives. Read http://www.gulfnews.com/Business/Automobiles/10266951.html GulNews are saying: " Honda, Japan's second-largest carmaker, last month posted a 32 per cent decline, its steepest since 1981. Across the industry sales this year are down 16 per cent, led by declines of 28 per cent for Chrysler LLC, 22 per cent for General Motors Corp. and 19 per cent for Ford Motor Co." I think you can easily draw from this and other data that Honda is LOOOsing market share Fast - propirtionally to other car makers. The only problem is that Honda is very secretive usually and will wait until January 5 in 2009 to maket is known. THey even keep this info from Honda dealers. Their delaers dont have clue what will happen with prices. Here is good info if you can read Japanese: http://mainichi.jp/select/biz/archive/news/2008/12/18/20081218ddm002020143000c.h- tml or shorter version in English: http://mdn.mainichi.jp/mdnnews/news/20081218p2a00m0na023000c.html Happppy Civic shooooopppping in 2009!
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| Thanks guys. any other thoughts about that 16,888 price? I'm going back to the dealership tonight and want to see if i should pull the trigger. | |
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Replying to: ilumo (Dec 21, 2008 4:37 pm) 1. It's a coupe 2. It has a manual transmission. 3. It's a NAVI Not a very popular car at all. BUT, if this is what you like, I would jump all over it 
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Replying to: civic09 (Dec 22, 2008 5:28 am) Honda NEVER tells us what they are about to do until the day it happens. We have heard NOTHING about lowering interest rates. " the dealers don't have a clue what will happen with prices" That's true so why start a rumor? I would be shocked if they lowered prices and even if they did, how could they lower them enough to affect sales? Lowering prices and interest rates only serves to cheapen a great product. These times will pass and things will get back to normal. I just hope this happen quickly.
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Replying to: isellhondas (Dec 22, 2008 7:47 am) |
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Replying to: isellhondas (Dec 22, 2008 7:47 am) thanks for the reply. |
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Whether Honda lowers its APR and/or price or not, January 5 is just 2 weeks away. It'll be more convenient for him to wait another 2 weeks to see what new deal they come up with. It wouldn't hurt, besides, at least I really don't think that they will do away with their 1.99 and 3.99 APR offer. Worse comes to worst, he will have exactly the same offer as of right now and the 2008 he found, as mentioned by other posters, is a really hard vehicle to get rid off (2008, manual and NAVI) will have to get a price cut for being one year old in 2009. hang it there,you have nothing to lose. P.S. the 2008 i found was a sedan not a coupe |
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Replying to: isellhondas (Dec 22, 2008 7:53 am) Honda does not operate in a vacuum; it is global economy out there. Honda (like any other) car maker (or any other product maker) is competing against others. There are a lot of excellent products on dealer’s lots (Japanese, German, American etc.) Civic is just a car and nothing more. It is not a space shuttle or nuclear weapon that you don’t have many customers for it/them. Market place determines the price, even in recessions. By the way “Lowering prices and interest rates ….” does not cheapen the product – it is one of the ways to promote merchandise that is not moving and nobody wants at the moment (even if it is great car like civic). As far as “These times will pass and things will get back to normal” will have to wait and see. I am afraid we are in a long one ~at least another 10-15 month. Car business is changing a lot. You have to be blind not notice changing trends. Many consumers in a last 20-30 month took much longer loans for cars (48-60 month) and can not afford to get new cars anymore every 3 years. In addition are you trying to tell me that it takes 19k to manufacture and sell a car like Civic EX for Honda? Happy Hoping!
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