Last post on Dec 05, 2013 at 9:12 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#20202 of 32170 Are the jacking me off here?
Apr 24, 2008 (5:35 pm)
I've been looking to rid myself of my 2007 Dodge Nitro, I want something with power, but saves on GAS! The prices here are hovering around $3.99 a gal in some parts for 87! I asked them about the EX-L V6, (which they quoted an MSRP of $28,060.00, and their price (I'm guessing before taxes and fee's) $26,415.97 ( and MSRP of $25,860.00 and their price of $24,177.98 for the EX-L 4-CYL AUTO. So I sent off a request to a dealership and it went like this:
Me: I'm looking to get at 2% below invoice and i want dealer hold back which I know for a fact is at $2500.00!
Reply: Hi Will -
Anything below invoice is an extremely tall order on Accords, especially high-end ones like the one you are requesting. I know it's not possible on the V6 models, but we may be able to come to a deal on the 4-cyls.
As far as the hold backs are concerned, they are about 2%-3% of the MSRP of the vehicles. So I'm not sure where you are getting your facts, because $2500 is nowhere close to what the hold back actually is. On top of that, hold backs are designed to keep dealerships afloat specifically because of customer who want to buy cars at or below invoice. Customers are not entitled to holdback money.
So, I come here and want to know what some of you shrewd negotiators think of this. BTW, the dealership is Potamkin Honda in NYC.
Thanks in advance!
#20203 of 32170 Re: Accord EX L [jdunnisher]
Apr 24, 2008 (6:08 pm)
Honda will not tip their hat as to upcomming incentives until 7am on 05/01. My guess (and thats all it is) is that Honda will have a record April by at least 10%. When fuel prices get high, Honda eases up on the incentives for fuel efficient vehicles.
I'll bet ten to one there will be no incentives on the Accords for rates until July.
#20204 of 32170 Re: Are the jacking me off here? [steelblue314]
Apr 24, 2008 (6:10 pm)
I'm looking to get at 2% below invoice and i want dealer hold back which I know for a fact is at $2500.00!
Wow - I almost fell for the gag and thought you were serious!
#20205 of 32170 Re: Accord EX L [twotonetommy]
Apr 24, 2008 (6:12 pm)
To be realistic, I doubt Honda will offer anything more then $500.00 in dealer cash. Honda is a conservative company and right now they have an advantage that even in rough economic times and high fuel prices they are INCREASING sales every month!
#20206 of 32170 Accord Coupe EX-L V6 in Minneapolis
Apr 24, 2008 (7:27 pm)
I have been lurking on this board for 3 months and am finally ready to buy. I followed the advise on this board and sent out my requirements to 10 dealer in the area. I only got serious responses from 5. And it turns out that there are only two cars in my color in the 5 state area and they are still on the truck until early next week.
The best internet price was $25,976 including dest. This is $300 below invoice.
The rest of the deal is: $25,976, taxes $1,688, doc fee $50, Gov fees $407
Total OTD is $28,121
Then I started negotiating via email and phone between the two dealerships and the latest OTD price is $27,950. I plan to pull the trigger tomorrow. I will post here the final deal.
#20207 of 32170 Re: Good prices in PA [pcjames]
Apr 24, 2008 (8:50 pm)
Thanks for the information, you got a great deal and will check to see if the local dealers will match. By chance did you happen to notice what the price difference was on the LX and LX P models?
#20208 of 32170 Re: Accord EX L [mplshondadlr]
Apr 24, 2008 (9:06 pm)
Thanks for the info. To echo what twotone said, it's great to have your insight in this forum.
So, I guess there's no sense in waiting if AHFC doesn't have any reason to bolster their lease incentives. I've been watching the Accord sales numbers that Honda releases, and they seem to be trending up. They were down for the month of February (compared to Feb 2007), and up just slightly in March. You're probably right on the money with your projections for April, given the skyrocketing gas prices and push toward more fuel-efficient vehicles.
July may be a little longer than I want to wait, especially if the incentives aren't likely to be that great.
BTW, I'd like the opportunity to negotiate into that $2,500 holdback with my local dealers.
#20209 of 32170 2008 EX-L Sedan 4cyl with Navi
Apr 24, 2008 (10:25 pm)
OTD 27.5k. How'd I do?
#20210 of 32170 Re: Good prices in PA [alamocity]
Apr 25, 2008 (3:39 am)
No.....I did not get the LX quote as the wife wanted the LX-P. However, I can tell you that a week before I was quoted $20,820 for the same car that we purchased for $20,334. When we got to the back room, the manager said that the prices had "gone down".....couldn't believe it! The drop seems to be consistent with the "secret $400 rebate" for 4 cyl. that everyone has been mentioning.
Looking at the math, with $20,820 being exactly $100 above invoice for the LX-P before the price drop, I would guess that a LX sedan would be $19,912-$486= $19,426. Don't know for sure.
Just come on down from San Antonio and get yourself a great deal (once again, I'm NOT a dealer).....just have a great connection through my job.
And I got 4.65% financing ($3500 downpayment) through American Honda Financing for 60 months as well.....better than my credit union. The finance guy offered me 4.9% for 60 months then said he could go lower if a put some money down. I think he was shocked when I actually wrote the check.........really didn't expect me to take him up on the offer.
#20211 of 32170 Re: Accord EX L [dwynne]
Apr 25, 2008 (3:43 am)
I also am a huge CR fan & a subscriber. However the reports are not free even with a subscription they are $14 per report.