Last post on Dec 08, 2013 at 5:35 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#18443 of 32201 Re: 2008 accord lx -p for $19,500 [wayne21]
Nov 27, 2007 (10:01 pm)
Hay, car dealers as other business people work to make money. They are not a charity. They are not left wing give everyone everything for free, Democrats. You have to expect that the dealer is in business to make money, PERIOD. If he didn't make money the dealer and his building would not be there.
Yes, the dealer does make money on every aspect of buying the car, on your loan, one your trade, on the dealer installed options, on insurance if the dealer sells it, on processing fees, etc, etc. But is it a better deal to pay full list price of a car or to pay a lower invoice price? Is it better to buy a 2007 Honda Accord well below invoice since the newly designed 2008 is arriving and the dealer is able to sell the car at several thousands below even the indicated invoice price. Even then the dealer is making a profit. And so he should. It is your job as a customer to do your homework and check out the pricing in your area and to get the lowest price possible. The dealer is always going to make a profit and there is nothing immoral with that. So get use to it. In Communist Russia making a profit was illegal and guess what, you could not buy a car there at any price.
Now here is a great statement. The salesman at S&S Honda in Maryland told me that on average the owner of a dealership only makes 2% profit per annum on his business. If that isn't a bold face lie I don't know what is. Why would anyone put up with all the problems of owning a dealership, hiring and firing people, being in compliance with OSHA regulations, hiring a book keeping departmant, etc. and only be able to make 2% when he can get 5% on a savings certificate without all the problems? If a dealer cannot make 10 to 20% on his investment then he will be gone shortly.
Nov 28, 2007 (4:48 am)
Anyone shopped for an actual Honda Accord?
#18447 of 32201 Re: 2008 accord lx -p for $19,500 [wayne21]
Nov 28, 2007 (6:25 am)
I'm all for everyone making a profit, I'm personally just against all the extravagant buildings the dealerships build. All of those costs end up as a higher cost structure, and then that higher base gets marked up to give them room for the profit. Do we really need 25 foot ceilings and marble, plush offices, and 40 zillion mega watts of lighting?
I've moved toward shopping at the more conservative 'costed' dealerships, so that I can get a better deal while still leave them room for their profit.
#18449 of 32201 Re: 2008 accord lx -p for $19,500 [kiawah]
Nov 28, 2007 (9:03 am)
I do not care aout waht the facility looks like....
I do not care about the "fees"....
I care about the OTD price on the car. Let say I purchase a car at a dealer with marble floors and vaulted ceilings and they charge me $500 "junk fee" well as long as this car has the best OTD price I could care less.
Nov 28, 2007 (12:21 pm)
All posts not specifically dealing with Accord pricing have been deleted... Plus, a whole lot more that no longer have context.
The Prices Paid Forums are pretty simple.... Describe your own personal experience and price paid. Not shopping or buying an Accord? Find another forum.
Also, personally directed posts are not welcome.. What can be adversarial about reporting on the price you paid?
Posts will continue to be deleted, if they are off-topic. Continually disregarding this may compromise your membership privileges.
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