Last post on Jun 19, 2013 at 6:04 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#28654 of 29871 Re: 2013 Honda Accord EX Purchase - Good Deal? [mortienne]
Feb 23, 2013 (1:39 pm)
I never trade my cars back to the dealers. I keep my cars in great condition and well maintain. I'm sure some people do get a good trade in.. but most people do not. Just the way your business works.
Buying a new car is one of the worst investments you could make. Depreciation values/// repairs. Then to short change yourself on a trade in crazy. Unless the vehicle is a mess/ needs work or you dont like to sell on your own trade it in. Take what you can get.
#28655 of 29871 Re: My New hero [mvperez4jesus]
Feb 23, 2013 (1:41 pm)
Thanks.......... didn't know how it worked with pen fed
#28656 of 29871 Re: My New hero [brian125]
Feb 23, 2013 (2:32 pm)
Me either, I am just learning. Also, keep in mind that the other thing is that once u seal the deal. The dealership has to fax them the buyers order. Then they mail u a check that can take a few days 3-4. Unless u pay them the $15 for next day shipping for the check.
In that topic a question for all and perhaps isellhonda can help. If I show up to a dealer on the 28th (end of the month). I make the deal, I give a deposit and leave because I now have to wait for the PenFed check for like 4 days or so. Would that deal be considered under the end of the month? Or will it technically be under March? Just curious to see if that might lead to a better deal.
#28657 of 29871 Re: My New hero [mvperez4jesus]
Feb 23, 2013 (2:51 pm)
If the deal is RDR'd (the car is sold) on the 28th than it'll count for February.
I've never heard of PenFed but it just sounds fishy like so many other Johnny Come Lately finance companies that have come and gone.
MAKE SURE they issue a CHECK and not a DRAFT. A draft comes with strings attached and they can be near impossible to fund.
I do have to chuckle about buying a car on the last day of the month being the way to save the most money. Dealers will often tell you things that encourage that myth such as..." Hey, it's the last day of the month and we are three cars short of making a bonus"!
Sometimes that's true but usually not.
Again, when you see an interest rate that is way below what other lenders are charging you should really be paying attention.
No free lunch....ever!
EDIT: Read the Yelp reviews on Pen Fed and other review sites.
#28658 of 29871 Re: My New hero [isellhondas]
Feb 23, 2013 (2:50 pm)
O.k. thanks, just curious. But PenFed is some military credit union. They will mail the check for the final amount financed, but worst case scenario is a good thing that Honda has the 1.9%. Thanks for the feedback.
#28659 of 29871 Re: My New hero [mvperez4jesus]
Feb 23, 2013 (2:52 pm)
For a lousy extra 1/2 percent I know I would go with Honda without a second thought!
#28660 of 29871 Re: My New hero [isellhondas]
Feb 23, 2013 (3:02 pm)
"When people focus ONLY on price they can find it a miserable procedure."
"For a lousy extra 1/2 percent I know I would go with Honda without a second thought!"
Somebody pinch me; that's the second time today i AGREE with "isellhondas"
So glad he's a part of this board (and a few others)...really!
#28661 of 29871 Re: My New hero [pegasus17]
Feb 23, 2013 (3:09 pm)
I just try to tell it like it is and that's after a lifetime in retail.
More years than I'll admit to.
#28662 of 29871 Re: My New hero [isellhondas]
Feb 23, 2013 (3:22 pm)
I am considering the 1.9 from Honda. I will read the reviews.
#28663 of 29871 Re: 2013 Honda Accord EX Purchase - Good Deal? [caryc]
Feb 23, 2013 (4:29 pm)
carvc (carcam123) you are spot on. I leveraged the information you posted and the recommendations posted by brian125 when purchasing my 2013 Accord EX-L V6 last November. After determining the make/model/trim level/color of the car I intended to purchase, I spent a few hours researching honda forums to include reviewing postings on this forum. From this forum I learned of the Pen Fed 1.49% 60 Month financing and in the last week of October solicited quotes from both Weymouth and Ray Price Honda. After confirming that my local dealer (Pohanka Honda, Fredericksburg VA) had the EX-L V6 Black/Black I wanted on their lot I then sat down with the local dealer (BTW - via e-mail Pohanka originally quoted the EX-L V6 at $1,300 above the Weymouth price). I showed the Pohanka saleman my quotes from Weymouth and Ray Price (both dealerships quoted the pricing you received). I told Pohanka I was ready to buy the car sitting on their lot for a comparable offer. I told Pohanka I was in a hurray and was prepared to drive to PA to pick up my new car if necessary. The Pohanka response took about 5 minutes and we closed on the final agreement in less than 15 minutes (several minor counter offers). I paid about $125 more then your deal (priced included wheel locks) and avoided an 8 hour round trip travel day to Ray Price Honda in PA. The Pohanka dealer even matched the Pen Fed financing It was a very easy process. I am very satisfied with the outcome of my deal.