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Prices Paid: Buying & Leasing Experiences Honda Accord Prices Paid and Buying Experience
24566 messages, Last post on Dec 02, 2009 at 10:27 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I think I got a decent deal even though I think I could have gone lower. Accord EX-L V6 24,600 + TTL the price included the destination charge. no navigation and no extra options. Was this a good deal?  They tried to sell me the protective coating, side guards for the doors, extended warranty etc, I declined everything, Dealership and sales guy was A+++, no pushy, knowledgeable and directly to the business. Negotiation was basically over the phone before I went to the dealership |
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Replying to: georgebush1 (Jun 28, 2009 9:24 am)
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Replying to: 2008honda (Jun 24, 2009 5:29 pm) it even lower, but I did not try harder enough. The sales man just gave me 19200 after talking with me and his manager. l insist on 19000 OTD then after 2 minutes talking with his manager, they agree on this. So I think if any one try harder enough, maybe you will get it 18500-18800 OTD. (sales price is about 17500-17800 + TTL). |
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Replying to: honda_man2 (Jun 23, 2009 4:51 am) I finally got 19000 OTD at Crown Honda at wendover in Greensboro.They accept my offer after 2 minutes talking with the manager, I did not have a chance to face the sales manger at all. So I figured that you can ask for even lower eg: 18600 OTD just try to negotiate harder and you will see what price is the bottom line that the sales manager will come to talk to you. Obviously 19000 is not their bottom line based on my experience.
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Replying to: georgebush1 (Jun 24, 2009 3:24 pm)
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Replying to: honda_man2 (Jun 29, 2009 7:29 am) And you know this how?
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Replying to: knight4 (Jun 28, 2009 3:37 pm) |
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Replying to: kingpcgeek (Jun 29, 2009 8:09 am) |
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Replying to: honda_man2 (Jun 29, 2009 10:17 am)
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Replying to: kingpcgeek (Jun 29, 2009 10:40 am) 1) Honda is offering $1500 "marketing support" on Accords until July 6. This apparently can be used to allow dealers to offer prices below invoice: http://www.edmunds.com/advice/buying/articles/78386/page002.html 2) Dealer holdback on Hondas is 2% of base MSRP at all times. This can be used to inflate the invoice price: http://www.edmunds.com/advice/incentives/holdback/index.html As the second article makes clear, dealers sometimes have additional methods of making profits below invoice, but this information is not available to the public. My recent experience buying an Accord EX Sedan w/AT shows that two dealers in my area were willing to go $2,338 below invoice. According to Edmonds' figures, the combined holdback and marketing incentive on this model was $1942, but two dealers went an additional $396 lower (Invoice=$22,838, Edmunds' TMV=$21,719, Actual price paid=$20,500). A third dealer was only willing to go $1677 below invoice because he told me that it was not "economically feasible" to drop the price further. The conclusion is that information freely available on the internet can explain most, but not all of my discount below dealer invoice. Since dealers have additional mysterious wiggle room or currently are willing to take losses, my advice is to bargain hard with multiple dealers to find the true TMV in your region. Some Honda dealers faced with a bad economy and lots of competition have an oversupply of 2009 Accords. They are looking to make deals well below invoice before the arrival of the 2010 models.
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