Last post on May 24, 2013 at 7:57 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#27629 of 29568 2013 Accord LX CVT- Dec'12 or Jan '13 - When to buy?
Dec 03, 2012 (1:54 pm)
Hello Brian, Greetings!
I am planning to buy a 2013 Accord LX CVT.
Most of my friends say end of Dec '12 would be right time to buy and also I came across one of your posts that says Jan '13 would be the better time to get great deals. Could you please help me understand what time is better? ..ram
#27630 of 29568 Re: 2013 Accord EXL in CT [idealbrain]
Dec 03, 2012 (2:53 pm)
2013 Accord EXL (v4)
Selling Price: $25,297
CT Sales Tax (6.35%) $1609
Doc prep fee $349
** registration fee not included
Is this a good deal?
#27631 of 29568 Re: Leasing [peter07]
Dec 03, 2012 (2:51 pm)
This is how I can get you to $460 with the info you have provided.
MSRP $31,490, Invoice $28,292
Residual $19,058 equates to an MSRP with options of $32,859. I'll assume the invoice cost of the $1,369 of options is $1,100 so adjusted invoice is $29,392.
Cap cost dealer is quoting you appears to be only the cost of the car. Since adj invoice is $29,392 and cap cost is $30,117, he is charging $724 over invoice. Add in the Honda bank fee of $595, Doc Fees of $300, and Title/Registration of $200. That brings you to an adj cap cost of $31,212. That results in a monthly payment of $421 before tax. If you live in NYC with a rate of 8.875%, that will bring the total to $460.
To put things in perspective, my wife just leased an Volvo S60 with AWD and an MSRP of over $40K for 36 payments of $440 with nothing else out of pocket. She was able to apply a $1000 conquest rebate but I think we still left some money on the table.
#27632 of 29568 Re: 2013 Accord EXL in CT [idealbrain]
Dec 03, 2012 (3:06 pm)
That's too good to be true. That's over $1000 under invoice.
Are you trading in a car or getting financing at a very high rate? The dealer must be making his money somewhere.
#27633 of 29568 Re: 2013 Accord LX CVT- Dec'12 or Jan '13 - When to buy? [rkolla]
Dec 03, 2012 (3:09 pm)
Shoot for the last 2 days before the new year. Every month you wait going into 2013 dealers will have more inventory on there lots . That adds up to bigger Savings...... My suggestion... figure out your target price and try to buy at Dec end. The bigger dealerships have more cars on there lot and its easier to get your best deal when the dealer knows its on his lot.. Follow my above advice you'll do just fine ..... regards Brian
#27634 of 29568 Re: 2013 Accord EXL in CT [gee22]
Dec 03, 2012 (3:29 pm)
Thats $1102.00 below dealers invoice. Granted Dealer took back $349 in Doc fee's .... puts sale of that Accord at $ 753 below invoice. It might be possible.. If poster forgot to put in dest/ charge in posted sale then that Accord was purchased at invoice price.. I have no doubt here in new york / New Jersey that 500 below dealers invoice price is do-able. The alarming thing to me is how high people are paying on doc fee's. Gotta negotiate them or have them removed..
#27635 of 29568 Re: 2013 Accord LX CVT- Dec'12 or Jan '13 - When to buy? [brian125]
Dec 03, 2012 (3:54 pm)
With the news last week that consumer confidence is way up and that Black Friday and Cyber Mondays sales were terrific, dealers may not be as negotiable as we would like. An unexpected rise in the unemployment rate and the US going over the "fiscal cliff" would result in better prices at month end.
#27636 of 29568 Re: 2013 Accord EXL in CT [idealbrain]
Dec 03, 2012 (4:02 pm)
If the price includes destination fee that is a good price and you are getting a great car with it.
This price is about $300 cheaper than what I have seen recently.
The dealer fee is a bit higher (349), usually they will charge 99-199.
If this is the first or counter offer you got from the dealer you can go for another $200-250 discount, but if this is like a back and forth a while price, probably the dealer will not budge, and it is a good price no doubt.
#27637 of 29568 Re: Leasing [gee22]
Dec 03, 2012 (4:03 pm)
I like your math but unless I really hunt around, I am not sure I can do much better than what I arrived at. Your wife's lease probably would be around $470/month since every $1000 down lowers the lease payment about $30/month.
It is difficult to get dealers down at this time of the year. I am sure if I wanted to wait until March/April, I probably could get a much better deal.
Thanks for your input gee22!!!