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Honda Accord, Coupe, Sedan
#24152 of 32197 Babylon Honda Not standing by written Deal--Please advise
Aug 17, 2009 (6:25 pm)
Placed order for a 2009 Honda accord exl, v6, with navi, placed $1,000 deposit on the contract. The order was place on 6/27/09 for the car. I was originally told it would only take a few days to get the car. Then I was told it may take longer. I said several times I don't mind as long as I know the car was coming in. I received a call on 8/11/09, saying my car was coming in and given the vin#. I told the sales person great, we are having our 2nd child in a few days. Anyway on 8/12/09 I drop my 1999 Honda civ off at the store to display the for sale sign before going to the hospital to deliver son, we had our second son:) and a few hours later I receive a call offering money for my car 1999 Honda, I accept knowing my new car is coming within days. On 8/17/09, Babylon Honda calls and says the car is in. This is where the problem comes in. They state the interest rate is now over like 5.5%. If I want the 3.9% rate the car it will cost me another $1,500. The dealer states the promotion that was happening in June is over and now its $1,500 or 3.9%, that you can't get the two. The base purchase price of the car was listed at $26,509 with no mention or break down of incentives. In my eyes my purchase price should be honored as its in writing and the prevailing interest rate by Honda should be honored too. The only writing on the receipt by the sales person is as follows: subject to incentives and rates at time of delivery, must take delivery before June 30,2009. I read this as being the interest rate being offered at time of delivery may change if Honda changes it, not if the dealer no longer wishes to honor it. I have two options according to the dealer, cancel the deal, pay $1,500 more to get 3.9% or pay a higher interest rate in the 5 percent range. Please advise how to deal with this situation... do need the car now with a second child, but feel I'm being taken for a ride by Babylon Honda...
NY sales tax 2,286.40
inspection fee 10.00
waste fee 12.50
total cash price $28,862.90
#24153 of 32197 Re: EX-L Coupe MT, V6 
Aug 17, 2009 (6:27 pm)
I guess i did not make it clear. when you answered to someone else they wanted to know about a coupe. just like you said if a dealer is low in stock of a certain vehicle then they will be less willing to give you a better pricing. the are less cps than sedans that is why is said that maybe the higher % of msrp as most people are getting on sedans may (but not impossible) be as likely.
even on realcartips.com you will notice that most coupes are sold for less % off msrp as opposed to sedans. for those cps with higher % off if you go to details you more than likely notice that there was a trade in.
so i do agree with you that on a sedan you are more likely to get more off but may not be as likely on a coupe.
also on your deal you said that you paid $19,369 but paid $250 doc fee. in houston i could have paid $19569 and still have got the same deal as you because here in houston our doc fee is only $50. our OTD price would be different because as you know our TTL would be different due to different state.
so to be fair the price paid specified should include doc fees and this would be price paid before TTL. other TTL fees will be different so the OTD price is not good to compare
so once you consider car price plus doc fee and no other TTL fees it would be more reasonable to use that to estimate % saved.
i have seen a prices paid in forums that paid way less than many but their doc fee was $599 so once you consider that it kind of evens out with the rest of what other people pay in other areas.
but there are people who get exceptional deals so by all means go for it guys but keep in mind there will be less of those people. but none the less most here get better deals that those that go in to a dealership with out info. lots of people come to edmunds.com to get the TMV but most of them do not know of the forums here so they actually pay more than people that read the forums.
#24154 of 32197 Comparing prices
Aug 17, 2009 (6:32 pm)
You guys need to compare prices with dealers near your town or city as opposed to looking at what others paid in different parts of the country. It won't do much good to compare what someone paid in Newark vs someone paid in Houston. If you're gonna compare, ask someone in the forum who lives near where you live.Also, you might want to add if you had financed in addition to your OTD price. Just my 2cents.
#24155 of 32197 Re: Bought 2009 Accord EX-L today [hasanas]
Aug 17, 2009 (6:42 pm)
I am in Atlanta and have an offer for a EX-L (4 cyl) for 22,690 with an MSRP of 27,075 including destination. I believe sticker adds $599 doc fee, $199 theft protection (hope to waive this - don't want or need!), $21 title and 7% sales tax.
This was after they tried to tell me that I couldn't have this price AND cash for clunker ($4,500). This is the best of the 4 internet quotes I recieved from local dealers via Edmunds.
Bottom line $22,690 + doc, title and tax - $4,500 CFC.
Realcartips.com rates this a B+. What do you think?
Cash for Clunker has changed my strategy of buying a used Acura TSX (can't find one at the right price for 2 months!!!!)
#24156 of 32197 Re: EX-L Coupe MT, V6 [player98]
Aug 17, 2009 (6:57 pm)
There are fewer coupes than sedans on the lots but the ones I saw in several dealerships have been sitting there for well over a month.
If you look at the last 2 pages of realcartips, the coupes seem to be selling for the same % off, about 17%.
Doc fees are crucial in evaluating end prices. Some areas charge $50 and some charge $850. Pure profit. I agree, docs fees should be entered into the equation.
The upshot of all these discussions should be that this a great time to buy a new car with the incentives and the federal tax deduction. The clunker promotion can make it even better.
I purchased the Accord LX-P, a 2009, for my daughter. In 1998 I purchased the same Accord for $20,500 which was $1,200 less in 2009.
In 2004, I purchased an Infiniti G-35x for about $35,500. In 2007, my wife bought a 2007 G-35x for $34,000 and today you can buy a 2009 G-37x for $33,000. Amazing, considering that all of these newer models have alot more packed packed into them than their predecessors.
#24157 of 32197 Re: Bought 2009 Accord EX-L today [billipsimo]
Aug 17, 2009 (7:05 pm)
That is 16.2% off sticker which is good but your doc fees seem to be steep. It seems that some dealers are charging a bit more if the customer uses the clunker program due to the supposed excessive paperwork.
I put your numbers in realcartips and it rated it a C. Still a pretty sweet deal due to the clunker program.
#24159 of 32197 Re: novice in buying a car [kinngofmen]
Aug 18, 2009 (6:25 am)
I'm not that familiar with the Hyundai line. Reportedly, their quality has improved a great deal.
I test drove the Lexus ES 350. It is a nice car and is priced in the high 30s. They will not have the incentives that the Accord has and they will generally not deal as much. It rides more like a Buick and is not as sporty as the Accord. My wife ended up buying an Infiniti G 35 instead since the Lexus drive was a bit boring. Still a nice car if a non sporty ride is what you are looking for.
Leasing is generally more expensive in the long run according to most experts unless a manufacturer is subsidizing the lease through incentives. I leased a Honda Prelude for my son a few years ago and will never lease again. You have to be concerned about going over the mileage limit and you are at their mercy when you turn the car in re repairs. I also didn't like waiting for the leasing bank to mail me a power of attorney form every year when I renewed by license plates. There is also a fee if you decide to turn the car in at the end of the lease. The pluses are that you only have the car for 3-4 years and you do not need to pay for many repairs since the car is usually under warranty for most of the lease.
For 2009 you get a $1,200 Federal tax deduction on the taxes you pay on a new car. If you are in the 25% tax bracket, you would save $300 this year on your Federal taxes.
Holdback is the money the dealer gets back from the mfg when they sell a car. Every car company is different but most companies pay a 2% bonus (from MSRP ) to the dealer on each car it sells. This is profit for the dealer. Some car companies pay 1% some 3% and a few pay nothing.
Many sites show invoice price including edmunds. Go to the edmunds home page and in the upper left hand corner is a new car section. Enter the vehicle and you'll end up with invoice price.
Re the Accord, it is loaded with safety items as standard equipment such as stability control. Others such as the Camry or Altima includes stability control as options. Just a couple of years ago you had to buy a Lexus or Infiniti to get the stability control as a standard item. I currently own 2 Infinitis, an Acura and now an Accord for my daughter. I feel that the Hondas are the most reliable based on owning 3 Accords and a Prelude in the past.
Aug 18, 2009 (7:30 am)
Quoted a price of $26,200 + TTL and other doc fees ($150 in my area).
Is that a price worth pulling the trigger on, all other dealerships are quoting me in the price range of $27K- $28K?
Thanks in advance
#24161 of 32197 Re: $1500 market support is still active? [boqibama]
Aug 18, 2009 (10:02 am)
The $1500 is still in effect. Ends early Sept.
All dealers pay the same for the car in all parts of the US. The holdback is the same, 2%, and the incentive is the same, $1500.
The only variables are the number of cars they have and possibly the demand in their area. A small dealer with 5 Accords will probably deal less than a dealer with 300 cars on their lot although one dealer in my area only had 10 Accords and he matched the deal I received from a dealer with 200 cars. The amount of doc fee is the final variable.
Trade in amounts and financing can affect the price, if you don't pay cash, also but the invoice price, holdback, and incentives are the same everywhere.