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Honda Accord Prices Paid and Buying Experience

21936 messages,  Last post on Sep 06, 2008 at 11:17 PM

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What is this discussion about? Honda Accord, Coupe, Sedan


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#20634 of 21936
EX-L I4 Manual in NC by thof
Jun 01, 2008 (7:41 pm)
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Purchased an 2008 Accord sedan EX-L 4cyl with a manual transmission, in royal blue pearl, in central NC. Details are as follows:
 
MSRP: $25,695 (incl. destination)
Price: $22955 (incl. destination)
Doc fee: $398
Title: $74
Tax: $688 (3% in NC)
Total OTD: $24115
 
Bought at Auto Park Honda in Cary. A very good experience overall. Deal worked out on email, no surprises at the dealership.
#20635 of 21936
Re: Price Paid for 2008 EX-L I4 w/o Nav [cccompson] by hhun
Jun 01, 2008 (10:41 pm)
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Replying to: cccompson (May 29, 2008 5:54 pm)

Hi
 
FYI...Doc fees are not mandatory fees in most states. Check it out online. They try to make you think they are mandatory, but they are not. In my state, MD, you have the right by law (yes there is a bill written and passed about it) to refuse to pay it. It's listed on the invoice as "not required by law" next to the processing fee price. Think about it....when you go to buy other big purchases like appliances or electronics for example, does the store charge any processing/document fees to punch some numbers into a computer and print it out...no...it's pure profit for the dealer. It's yet another way for them to make money off your deal. And often that processing fee is taxable too.
 
From what I read online, most fees they charge are bogus...just profit. Finance fee/Floorplan fee for getting financing through the dealer? Does your bank or credit union charge this when you get a loan from them? No. Prep fees? Advertising fees?. Did you know that the manufacturer reimburses the dealer for these costs after the car is sold...yet they try to double dip and charge the fees to you.
 
Also, know your credit score before buying a car...some dealers will try to tell you your credit score wasn't high enough to qualify for a certain rate, and they will actually tack on an additional 2-3 percent more than you were actually approved for. I don't know if Honda tries to do this, but it has happened.
 
Just be an informed consumer and try not to get ripped off on fees!!
#20636 of 21936
Holdback by hhun
Jun 01, 2008 (11:01 pm)
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Hey,
Does anyone know for certain what the current holdback percentage is for Honda? I am finding 3% online including at Edmunds.com, but the dealer is telling me that Honda changed it to 2%....I think he is just full of $%*! and trying to get extra profit off my deal. I cannot find anywhere online where they have "updated" that percentage from 3 to 2%.
 
Thanks. Prompt reply would be appreciated.
#20637 of 21936
2008 Honda Accord EX-L, V-6 by mrcoolguy209
Jun 01, 2008 (11:19 pm)
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I got the following quotes from Stockton Honda (Nor Calif.):
 
* V6, Auto, EX-L - $25,300 + TTL
#20638 of 21936
Re: Price Paid for 2008 EX-L I4 w/o Nav [d_frink] by hhun
Jun 02, 2008 (1:35 am)
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Replying to: d_frink (May 29, 2008 5:47 pm)

sounds a bit high in this auto market...hold out for lower. You can get below invoice these days. They will bite!! Do your research and you'll be ok. Good luck.
#20639 of 21936
Re: Need Advice ASAP [gujju] by cobbertommie
Jun 02, 2008 (5:15 am)
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Replying to: gujju (May 29, 2008 12:44 am)

$23,600 OTD EXi4 - was the best deal I could find between 4 dealerships. Love the car - thanks for the reply.
#20640 of 21936
Re: Holdback [hhun] by isellhondas
Jun 02, 2008 (6:24 am)
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Replying to: hhun (Jun 01, 2008 11:01 pm)

I don't know why holdback percentage is such a big deal but it's 2%.
 
It changed from 3% to 2% about a year ago.
 
It isn't profit anyway so this really shouldn't matter.
#20641 of 21936
Re: EX-L W/o Navi [kleddy] by dwynne
Jun 02, 2008 (9:51 am)
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Replying to: kleddy (Jun 01, 2008 6:17 pm)

In many states you do get a tax credit on a trade in. Here the state tax is 7% so for each $1k worth of car you trade in you save $70 in taxes. On a $1,500 trade in this is not much, but in other cases it is something to consider when deciding if you should trade or sell your car for yourself.
 
Dennis
#20642 of 21936
is this a good decent price? by askme
Jun 02, 2008 (12:01 pm)
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looking to purchase a 2008 accord EX-L v6 non nav sedan silver/black this weekend. i was given a quote for $28500 out the door with a free $2000 coupon book . is that ok? i'm in los angeles, CA.
#20643 of 21936
Re: EX-L W/o Navi [downey] by louisn
Jun 02, 2008 (1:05 pm)
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Replying to: dwynne (Jun 02, 2008 9:51 am)

That sales tax credit applies in ARKANSAS whether you trade or sell the car yourself within 90 days. Little known fact in Arkansas, BTW. I had to tell that to my dealer .If theses dealers are misleading some customers in states like ARKANSAS it sounds like a class action.

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