Last post on Dec 05, 2013 at 1:23 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#26813 of 32171 Re: Price in NJ for a 2012 Accord SE [raj777]
Jun 05, 2012 (9:49 am)
Hello, I would fill out the online form for Honda to determine what you qualify for beforehand. In 2002 I negotiated a good price for my Honda Accord and when they sat me down for financing they had paperwork made out for 8%. When I realized this I told them I expected 5% since I was aware through Edmunds.com that 5% was the rate offered. They said the offer was over and I told them I knew it was not. With the prequalification you may not have them pull this switch.
They called their "boss" and told him that I insisted rate should be 5% per edmunds. "Boss" confirmed rate was valid. That's the way they get the money they lost through a good negotiated price. Watch and read all papers. Have a good idea what payment should be with .9% before signing.....don't let them rush you. Good Luck!
#26814 of 32171 Re: Price in NJ for a 2012 Accord SE [Ketty]
Jun 05, 2012 (10:01 am)
This is great advise. I would definitely fill out the online application through Honda Finance. Another good idea is to obtain your FICO credit score. You can pretty much determine yourself, if you will qualify for the best interest rate available based on your credit score. I signed up for free trial from Equifax and Transunion, and cancelled within the trial period. It's always a good idea to know your score before you shop.
With the Edmonds calculator tool, I had my payments figured out to the penny before I sat down to close the deal.
#26815 of 32171 Re: 2012 Accord LX [ocbmw]
Jun 05, 2012 (11:01 am)
Yes, it is with auto.
#26816 of 32171 Re: 2012 Accord LX [dodsatya]
Jun 05, 2012 (12:39 pm)
that is a great deal.
I would guess they will drop the price more as 2013 model is on the corner
#26817 of 32171 Re: 2012 Accord LX [ocbmw]
Jun 05, 2012 (3:55 pm)
so it is better to wait till 2013 hits the road? I am not in a hurry to buy the car unless i get a killer deal.. I have seen on this forum someone paid $18500 for 2012 LXP OTD.
#26818 of 32171 Re: 2012 Accord LX [dodsatya]
Jun 05, 2012 (5:24 pm)
Where in VA you got that deal?. Does it include freaight or destination charges, tag, and dealer processing fees ?.
#26819 of 32171 Re: 2012 Accord LX [dsmking1]
Jun 06, 2012 (6:33 am)
Couple of dealers in N VA area are willing to match $18775 OTD for 2012 Accord LX automatic. yes, it includes everything...destination, docs fee, TTL.
#26820 of 32171 Re: Price in NJ for a 2012 Accord SE [irisg1]
Jun 06, 2012 (11:12 am)
great ! online Honda finance application before walking into the dealership is a great idea.
I have a credit union pre-approval which offers higher APR than Honda's 1.99. but I have 700 + score. I wonder, if re-doing pre-approval through Honda would reduce my score.?
I think, the most logical steps are
1. check what Honda finance is offering
2. if I am happy with it, finalize the purchase price with dealer without disclosing the APR
3. If satisfied with the purchase price, show the dealer pre-approval. and buy the car
any thing I need to double check before I sign papers?
#26821 of 32171 prices for 2012 Accord SE in NJ?
Jun 06, 2012 (11:33 am)
Can you share details on price , I mean,
Purchase price - 19k (as you have mentioned)
DMV fees -?
Finance Fees -?
I assume that destination fees were included in 19k Price.
I am also looking for 2012 Accord SE in NJ (SE has leather seats , I guess). I would appreciate your tips . Anything, you feel I should do different as per your current experience?
#26822 of 32171 Re: Price in NJ for a 2012 Accord SE [irisg1]
Jun 06, 2012 (11:56 am)
I called Honda financing,as per the Rep, they can tell you if you are approved or not, but only dealer can tell you the actual rate.
Basically, they have kept main cards in dealer's hands. (Now I understand that if dealer is not making good profit through purchase price, the last chance for them is through financing)
I think, the best idea is to have sales guy write a note on the agreement ' customer can break the deal if he is not happy with APR'
Its great that sales guy let you write this kind of a note on an agreement.
but are you sure that they wont give you APR unless you sign the agreement?
Did they make you pay any finance fees to compensate for their loss from 1.99 APR they gave you? or APR covers all finance fees?
I would appreciate your reply