Last post on Dec 06, 2013 at 7:48 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#28663 of 32174 Re: 2013 Honda Accord EX Purchase - Good Deal? [caryc]
Feb 23, 2013 (3:29 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.
#28664 of 32174 Re: My New hero [isellhondas]
Feb 23, 2013 (4:07 pm)
Looks like you're finally getting through to some of these guys - good luck with Brian though - if he ever gets the deal he's looking for, he'll still want another 25 cents.
#28665 of 32174 Re: My New hero [gmanusmc]
Feb 23, 2013 (4:42 pm)
Oh, I know. It always amazed me what some people would put themselves through in their zeal to "save" a few (very few) dollars.
I finally came to the conclusion that it's not so much the dollars. It the nagging fear that maybe, just maybe, someone else bought the same car for a bit less money.
Life is short folks.....
#28666 of 32174 Pen fed credit union
Feb 24, 2013 (4:40 am)
Pentagon Federal credit Union is no fly by night. MOS credit union
I recieved a blank check from Pen fed for the amount i requested with a 90 day validation period.
No pre penalty to pay off principal early. My membership was free. the rate is 1.49%.
Make Honda match that offer or give Pen Fed your business.
Honda fan you negotiated a good deal.
#28667 of 32174 Re: Pen fed credit union [brian125]
Feb 24, 2013 (6:17 am)
Or push for zero % if you can handle the payments for 60 months. My bank approved 1.49 but Honda finance offered zero.
#28668 of 32174 Re: Pen fed credit union [jjjaymmman]
Feb 24, 2013 (6:30 am)
Yours was a great deal for 0%. No questions about it. I will try that on Monday or Tuesday.
#28669 of 32174 Re: My New hero [isellhondas]
Feb 24, 2013 (7:23 am)
I agree that when negotiating a new car purchase costing $25K or more, haggling over $100 is not worth hours of negotiation, walking away from what otherwise is in totality a good deal. However any prudent buyer will do their research, understand market conditions, get pre-qualified for financing at most favorable rates before sitting down with a dealer to close on a new car purchase. Since Honda does not sell their cars using a standardized pricing model (same fixed price applies at any dealership) a buyer is foolish to not understand market conditions and negotiate the best deal for their individual circumstance.
The dealership I bought from agreed to reduce their original quoted price by almost $1,300 ($29.0K reduced to $27.7K, MSRP of car was $30.8K) as a result of my face to face negotiation. The dealership agreed to sell me the car at a price I agreed to pay. My negotiation was not a pressure packed confrontational experience. I was an informed consumer and leveraged the information I had to close a deal that benefited me (and since the dealership wasn't forced to sign the purchase agreement must have benefited from the transaction as well). The negotiation closed fast, didn't take up hours of a salesperson's valuable time so he received his commission and had plenty of time to deal with other potential buyers that same day.
I believe in treating people fairly, I also believe that in a free market economy an individual owes it to themselves to make informed decisions when electing to incur a significant expense such as purchasing a house or a new car. Buyers are motivated to purchase at the lowest price and the car dealers are motivated to maximize margin opportunity on all transactions. The signed purchase agreement reflects a position determined agreeable to both parties. In most every circumstance, an uninformed buyer is at a significant disadvantage in this scenario.
#28670 of 32174 Re: Honda dealerships will never lose money [brian125]
Feb 24, 2013 (8:41 am)
thank you "brian125"
my advice was to help this girl get out of a bad situation - the same one the dealer put me in - even though I have years of buying experience - didn't matter - they forced us to buy warranty to take deal & we needed a car - luckily we could quickly undo the screw over
tired of seeing innocent victims of greedy unethical car dealers!
I am not an ass kisser - but am honest & to the point - good observation
I'm a "her"
#28671 of 32174 Re: My New hero [hondafan31]
Feb 24, 2013 (8:44 am)
Totally agree with your post.
It's the small percentage of people that crossed the line that bothered me.
I would sell them cars but they never seemed to be happy and I didn't care if I ever saw them again.
I had no problem making those sales but it was never fun.
#28672 of 32174 Re: 2013 Honda Accord EX Purchase - Good Deal? [blueiedgod]
Feb 24, 2013 (8:45 am)
why is your post so off base and why does it have absolutely nothing to do with buying a car or answering the previous post?
that being said, if you cannot understand that going through a divorce may affect some people's credit ratings, you really are unaware of interpersonal relationships and financial hardship due to life events - sorry but I can't explain this one to you
you took this way off base - divorce was just one example of many I suggested that may affect someone's credit score - you took a simple statement and blew it way out of proportion.
stick to the topic!