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Honda Accord Prices Paid and Buying Experience

24563 messages,  Last post on Nov 30, 2009 at 11:16 PM

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


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#22410 of 24563
Re: Anyone getting or beating invoice? by chiro2007
Dec 01, 2008 (4:31 pm)
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Replying to: jnacab (Dec 01, 2008 3:21 pm)

I'm pricing a 2009 Honda EX-L with navigation 6 cyl with wheel locks and splash guards. MSRP is $31,683. I have received a best offer from four separate dealers in Delaware of $28,400 which includes destination charges. The invoice price shown on Kelly Blue Book shows $28,563... but that doesn't include the wheel locks and splash guard that the dealer is adding on... which seems to be about a $150 difference. Looks like I'm about $300 under invoice.
 
Did someone here say I should be about $500 under? Again, this is for a 2009.
 
Anyone think I'm going to get this deal much cheaper anywhere else?
 
Thanks, Eric
#22411 of 24563
Re: Anyone getting or beating invoice? [chiro2007] by jb_turner
Dec 01, 2008 (4:45 pm)
Reply

Replying to: chiro2007 (Dec 01, 2008 4:31 pm)

"I'm pricing a 2009 Honda EX-L with navigation 6 cyl with wheel locks and splash guards. MSRP is $31,683. I have received a best offer from four separate dealers in Delaware of $28,400 which includes destination charges. The invoice price shown on Kelly Blue Book shows $28,563... but that doesn't include the wheel locks and splash guard that the dealer is adding on... which seems to be about a $150 difference. Looks like I'm about $300 under invoice.
  
Did someone here say I should be about $500 under? Again, this is for a 2009.
  
Anyone think I'm going to get this deal much cheaper anywhere else? "
 
Just go with the best OTD price...In central VA its $29,100 OTD this includes 3 percent tax.
#22412 of 24563
Re: Anyone getting or beating invoice? [chiro2007] by szer
Dec 01, 2008 (4:59 pm)
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Replying to: chiro2007 (Dec 01, 2008 4:31 pm)

I got my splash guards, wheel lock, trunk tray and rear bumper applique "thrown" into the car.
 
My price was:
Sale Price: $27541.24 (includes destination fee)
Doc Fee: $150 (capped in IL)
Tax(7%): $1938.37 (I am from IN)
County Tax: $15 (cook county tax) (legit from my research)
IL 7-day permit: $10 (given 2 weeks though, for the price of one ) (legit charge)
 
Based on the sale price alone, this is $995 below invoice, not including the items thrown in. This is for an 09 V6 Accord SDN w/ navi.
 
I know jb_turner is going to say care only about the OTD price, but for a person with 7% tax rate, I would be paying around $29600 OTD, therefore, would this deal be considered worse than the VA deal? Therefore, always negotiate the Sale price and the doc fee as the rest of the fees are usually legit
#22413 of 24563
Re: Anyone getting or beating invoice? [szer] by infohound
Dec 01, 2008 (6:41 pm)
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Replying to: szer (Dec 01, 2008 4:59 pm)

Go ahead ... gloat ... Your deal rocks!!! 995 is better than 500!
You did, by my count a little better than here in VA.
Congrats!!! If the car was new and no issues ... you win the prize! ... I personally think any price Under 28,000 flat including destination is a good price. Dealers need to make a little money.
#22414 of 24563
Re: Anyone getting or beating invoice? [chiro2007] by infohound
Dec 01, 2008 (6:55 pm)
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Replying to: chiro2007 (Dec 01, 2008 4:31 pm)

500 leaves a decent profit for the dealer on a quick sale with little or no work.
300 is still not bad ... the extras make the deal almost as good as 500 below.
Remember, the car actually costs the dealer a little under 27000 ... a $1300 or so profit is less than 5% ... even Walmart has better margins!!! Your deal is a good one.
#22415 of 24563
Re: Anyone getting or beating invoice? [jb_turner] by infohound
Dec 01, 2008 (7:01 pm)
Reply

Replying to: jb_turner (Dec 01, 2008 4:45 pm)

The only thing to look out for is excessive Doc fees.
Illinois is maxed at 150 ... $299 is not bad. I have seen gouging as high as 499.
Also ... don't get suckered by other fees like 'Dealer Prep' ...It takes a guy who makes $15/hr a few hours to unwrap and clean the car. Numbers to compart are as follows: Invoice + Destination + Doc Fee *There should be no other fees"
Sales Tax, Tags, Title are fixed by your state/city and dmv ... these will differ for OTD.
#22416 of 24563
Re: Anyone getting or beating invoice? [infohound] by szer
Dec 01, 2008 (7:40 pm)
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Replying to: infohound (Dec 01, 2008 6:41 pm)

hahah no gloating here... you did good as well. initially I didn't expect to do as well as 995 below invoice. Like you, I set out my target at $500 below invoice. The prices started dropping when I compete 3 dealers against each other. I contacted like 6-8 dealerships and the one that I struck out were all "come in and take a look" kind of dealerships where they don't provide a quote and is probably going to play the old dealership game with me.
 
Last but not least, if you read my old post, one of the 3 dealership actually offered $100 lower than my current car, but changed their tune when I was coming in into the dealership and increased their price by $600 difference (I lied saying I was minutes away hehehe, when actually i was 2 hrs away and haven't left home). Therefore, instead of leaving to the initial dealership, I went into the 2nd cheapest one, knowing i have another alternative if they try to play games.
 
Overall, i would say that the email method works like a charm and that you just need to watch out for dishonest dealers that try to get you to come in and play games and the ones that increase their price after they think they successfully got you to come in
#22417 of 24563
Re: Anyone getting or beating invoice? [szer] by jb_turner
Dec 01, 2008 (7:43 pm)
Reply

Replying to: szer (Dec 01, 2008 4:59 pm)

"I know jb_turner is going to say care only about the OTD price, but for a person with 7% tax rate, I would be paying around $29600 OTD, therefore, would this deal be considered worse than the VA deal? Therefore, always negotiate the Sale price and the doc fee as the rest of the fees are usually legit"
 
Yes... care only about OTD in your taxable area because that would be a consistant rate in your taxable area.
If you are shopping for others break down the price if you want to.... since 99.999 percent of posters in here shop for their ownself the best way is OTD.
#22418 of 24563
Re: Anyone getting or beating invoice? [szer] by infohound
Dec 02, 2008 (1:59 pm)
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Replying to: szer (Dec 01, 2008 7:40 pm)

Your experience sounds somewhat like mine.
I shopped for a few weeks before completing the sale of my old car.
In the two hours following the sale of my car, I had three dealers on the net and one on the phone all bidding for my business. Went with the guy 20 minutes away as opposed to 1:45. I was negotiating OTD with all of them. And I really mean OTD ... I told them I did not care what the numbers were above the total line but that it had to include tax, title, registration, tags, processing and anything else they could invent.
I quoted them my final price and got what I was looking for.
#22419 of 24563
Re: Anyone getting or beating invoice? [jb_turner] by cliffclaven
Dec 02, 2008 (2:17 pm)
Reply

Replying to: jb_turner (Dec 01, 2008 7:43 pm)

Because different people are able to fly to one or drive to another state I think it is more important to list the price of the car and the options they give or charge you for:
Simple... Just break it down...
Car (type w/ level & engine size) - $$$
Options - $$$
Dealer Fees - $$$
TTL - $$$
Seems like we can all make the best decisions when we get that level of detail...

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