Last post on Dec 10, 2013 at 1:25 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#28446 of 32216 Re: "Why Buying A Car Is So Awful" [brian125]
Feb 15, 2013 (10:08 am)
It seems to me that the real dealers cost of any said vehicle we cant truly determine. We have guidlines that the car industry have set up and those are the rules we play by.
Car salesman today are on salary. Most make as little as 100 dollars per vehicle sold.
The formula to buying any vehicle should be started like this.
1- Find invoice price
2- Minus dealer hold back
3-Minus rebates and Incentives
4- Minus doc fee's
This is your starting point on buying any vehicle.
Where is the salesman's $100 comission coming from if you are paying what dealer paid? Where is the electricity being paid for? Heating? Water? Sewer? Property taxes?
So, when you go to a supermarket to buy a gallon of milk, do you tell them that their $4/gallon price is too high, and you want to pay $3/gallon, which is what they paid?
Perhaps you never sold a thing in your life, and that is why you think the way you think. One day you will own something, and you will want to sell it. Someone, just like you, will tell you what they should bepaying you. See how you feel.
I have a small business, (outside of my day job), and when I have a customer who tells me what it should cost me in parts, and that is what they should be paying me, I flat out tell them since they don't value what I do, they can buy the components them selves and build it them selves.
I am not in it for just the fun of it. I am in it for the money. While I like doing what I do, I am not going to do it for free.
I am all for being frugal, but people would not be in business if it were not for them making a living.
#28447 of 32216 Re: "Why Buying A Car Is So Awful" [blueiedgod]
Feb 15, 2013 (10:43 am)
Poster said that should be the starting point. Dealer tries to maximise their profit, buyer tries to pay the least. That's the way the game is played in the car business.
#28448 of 32216 Re: Quote on EX-L CVT No Navi [mld421]
Feb 15, 2013 (4:24 pm)
For a 2013 EX-L CVT, $25,000(sale price+doc fee) sounds fishy. The invoice price is about $26,400. So 1400 below invoice is way too low for the model/trim right now. Check if it is a demo car. If it is not, they might force options/add-ons that are way too expensive. Sometimes they might have mandatory financing from the dealer to get that price, you might wanna check that too. Otherwise, even with a few expensive options, it sounds like a great deal. Out of curiosity, where is this dealer?
#28449 of 32216 Re: "Why Buying A Car Is So Awful" [blueiedgod]
Feb 15, 2013 (5:53 pm)
I could see you have no clue how the Car business Operates. There is no proof beyond what the manufactors tell us on car prices. Do we really know the true cost. i doubt it..
When you have hundreds of Honda dealerships all competing for your business you make your best deal. Me as a consumer could care less about dealerships electric, gas, lawn maintaince bills etc. I'm looking for the best price. If dealers cant do a certain price another can. And thats how the Car game is played. Its the way business has been for years.
You like to buy your milk at Pathmark for $4
I like to buy my milk at walmart for..........3
Everything you buy in your lifetime is about price. So cut all this nonsense out about dealers not making money... you own a business. what ever your bottom line number is thats what you sell at. If you cant make it you get out..
#28450 of 32216 Re: Quote on EX-L CVT No Navi [whatcar2buy]
Feb 15, 2013 (5:45 pm)
Why does it sound fishy? I got an EX CVT for 1500 under invoice recently. And it had on 2 miles on it. The demand for some models are not as high as others. And there are dealers who are willing to move the cars fast.
As to financing, I ran into some dealers that force me to use their finance, even if financing only the minimum amount. I also ran into dealers who don't care. The dealer I got my car from doesn't care.
#28451 of 32216 Re: Quote on EX-L CVT No Navi [augcarbuyer]
Feb 15, 2013 (6:13 pm)
This is exactly what i'm talking about. Above poster is concerned about what he thinks is a fair price. But he just gave the dealership where he bought at 800 or more dollars than he should have. If you do not buy from the lowest buying point you could never determine what the market value is for said vehicle. I'm not saying you can always get the hold back and doc fee's but it is a great starting point and you work up from that number. The true cost of the vehicle we do not know. You have to play there game. This is there system.
Feb 16, 2013 (5:28 am)
I just checked and Honda has a 1.9% financing for up to 60months. We are heading in the right direction. ... though no cash back incentives that I am aware of.
#28453 of 32216 Accord EX-L, 4, cylinder
Feb 16, 2013 (6:15 am)
For an Accord, EX-L, 4 cylinder, I was offered a price of $25,800 (plus, tax, tire fees, plates etc). Do you think this is reasonable? Thanks for any opinion.
#28454 of 32216 Re: 1.9% Financing [mvperez4jesus]
Feb 16, 2013 (7:15 am)
1.9% for 60 months on the 2013 Accord!
2013 Accord Sedan Special APR
Offer valid from 2/15/2013 through 3/4/2013
1.9% APR for 24-60 months
For well-qualified buyers and buyers that qualify for the Honda Graduate Program criteria
Special APR offer valid on new and unregistered 2013 Accord Sedan Models from February 15, 2013 through March 4, 2013, to well qualified buyers on approved credit by Honda Financial Services through participating dealers. Must take new retail delivery on vehicle from dealer stock by March 4, 2013. Not all buyers may qualify. Higher rates apply for buyers with lower credit ratings. Example for 2013 Accord: 1.9% for 60 months financing at $17.48 a month for every $1,000.00 financed. Dealers set actual prices. See your Honda dealer for details.
#28455 of 32216 Re: Accord EX-L, 4, cylinder [shar992]
Feb 16, 2013 (8:14 am)
I made an offer of $26000 for same car. Dealer did not accepted it.