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Honda Accord Prices Paid and Buying Experience

24558 messages,  Last post on Nov 28, 2009 at 5:00 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#22381 of 24558
Re: 2009 Accord EX-L w/ Navi in IL [szer] by usshahs
Nov 25, 2008 (7:10 pm)
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Replying to: szer (Nov 25, 2008 7:02 pm)

Sorry... Yes, I4/Automatic
 
$24,888 - Car
$670 - Dest
$2,057 - Tax
$158 - Registration Fees
$150 - Doc Fee
 
Total car - $27,923
#22382 of 24558
Re: Need Help PLS!! [szer] by Hondaguy09
Nov 25, 2008 (7:51 pm)
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Replying to: szer (Nov 25, 2008 6:21 pm)

there's NO any "spot delivery contract". i know they just wanna get more money from me. thank you SZER.
PS: Don't buy car from HONDA VALENCIA(91355)!! nightmare, bad service.
#22383 of 24558
Re: 2009 Accord EX-L w/ Navi in IL [usshahs] by szer
Nov 25, 2008 (9:57 pm)
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Replying to: usshahs (Nov 25, 2008 7:10 pm)

good price! considering that 3%of base msrp for holdback + floorplan is $853.65 and your price is $900 below invoice, which equals to $46.35 "loss" and even if you consider the $150 documentation fee, the dealer is "only" earning $103.65, which is a very reasonable price that they have given you. Dealers also need money to keep on running and the price is really GOOD . When you buy it, be sure to give them a 5 star rating if there's no problem encountered. Good luck
#22384 of 24558
Re: Need Help PLS!! [Hondaguy09] by kyfdx HOST
Nov 26, 2008 (4:26 am)
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Replying to: Hondaguy09 (Nov 25, 2008 7:51 pm)

Just tell them you won't pay it.. And, if they insist, that you will bring the car back to them..
 
I'm guessing they will figure out a way to make it work...
#22385 of 24558
Re: Need Help PLS!! [kyfdx] by mikefm58
Nov 26, 2008 (5:32 am)
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Replying to: kyfdx (Nov 26, 2008 4:26 am)

Just tell them you won't pay it.. And, if they insist, that you will bring the car back to them..
  
I'm guessing they will figure out a way to make it work...

 
Great advice, you beat me to it. I have NEVER seen that tactic fail. If the car is brought back, then they have one more unit to move and it's now a used car with miles on it.
#22386 of 24558
Re: Need Help PLS!! [Hondaguy09] by mplshondadlr
Nov 26, 2008 (7:41 am)
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Replying to: Hondaguy09 (Nov 25, 2008 5:55 pm)

Every dealer has people sign a "conditional delivery agreement". This agreement states that the contract you're signing is still subject to final lender approval.
 
My guess is that you had a score of 710 or higher so the F&I department thought they could qualify you for the Honda Finace "Super Preferred" credit tier. However, perhaps Honda looked at the credit and although the score was high enough there may not have been enough trade lines or or high credit terms to justify the "Super Preferred" credit tier. It looks like AHF counter-offered at "Preferred" - which at 4.9% is still probably better then the alternative.
 
When it comes to the low rate offers, the dealer CAN NOT mark up the rate. They have to provide you with the same rate that Honda appoves the contract at.
 
 
#22387 of 24558
Re: Need Help PLS!! [mplshondadlr] by kyfdx HOST
Nov 26, 2008 (8:13 am)
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Replying to: mplshondadlr (Nov 26, 2008 7:41 am)

Thanks for the info...
 
But, my advice still applies.. Even if they have to contract you at the higher rate, they can lower the price of the car, so that your monthly payment and term remains the same.
 
Will that cost them some money? Absolutely.. But, probably less than taking that car back.
 
As noted many times, most people buy on payment. If the dealer sells you the car based on the payment, then they either make good, or take it back. That is the risk they take doing spot deliveries.
 
regards,
kyfdx
#22388 of 24558
Re: Need Help PLS!! [Hondaguy09] by zkeith2
Nov 26, 2008 (8:19 am)
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Replying to: Hondaguy09 (Nov 25, 2008 5:55 pm)

I know someone mentioned something about calling a lawyer, but let's make it a little easier. Say your contract was for 3.9% and that's what you've agreed to. Just don't agree to sign any other contract. You have the car already, what are they going to do? As long as you don't sign any new contract, the car is yours at the contracted price/finance rate.
#22389 of 24558
Re: Need Help PLS!! [zkeith2] by kyfdx HOST
Nov 26, 2008 (8:23 am)
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Replying to: zkeith2 (Nov 26, 2008 8:19 am)

Actually, that's not the case...
 
Deep down in the fine print of every dealer's finance contract is a disclaimer.. If the finance company rejects the contract, and they can't get it accepted elsewhere, then the contract is void..
 
If that's the case, then you have to take the car back... You have some leverage, but the car isn't yours.. They will repossess it, eventually.
 
regards,
kyfdx
#22390 of 24558
Re: Need Help PLS!! [kyfdx] by szer
Nov 26, 2008 (8:43 am)
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Replying to: kyfdx (Nov 26, 2008 8:23 am)

I agree! they do have this fine print on the back of the purchase agreement. I mean if the matter turns out for the worse, consulting a lawyer would be the most viable option after if your attempts to settle it peacefully has been futile. After all, the car is at least a 20K "investment" and a 1% jump means a lot of extra money paid out. Good luck in settling your case peacefully

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