Last post on Dec 10, 2013 at 1:25 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#29620 of 32216 Accord EX 4 Cyl Purchase
May 28, 2013 (7:34 pm)
City: Bethlehem Twp
I'm purchasing a 2013 Accord EX sedan, 4 cylinder, automatic and would appreciate advice on a reasonable offer for the combination of the invoice price ($24,037) plus the dealer's processing fee (for this exercise, let's assume $250) for a total of $24,287. I want to nail this part down first before considering the total OTD price (see below).
This is a cash purchase with no extras from the finance people. We keep our cars so I'll consider someone like Sacucci or Hyannis for Honda Care after this is settled.
My thought is to offer $23,600 or $687 less than the $24,287 above. The offer of $23,600 includes the dealer's processing fee and is a net $437 below invoice.
At $23,600, when i add the required 6.00% Pa sales tax ($1,416) and an estimated $150 for the required registration fee ($131 three years ago), the calculated OTD price is $25,166. Is this reasonable? I'd really like to offer no more than $25,000 OTD but feel that may be a little too aggressive.
I'm not into haggling, don't want to waste either my time or the dealer's and will walk if necessary.
We are about 60 miles north of Philly and plan to contact several NJ & PA dealers within 75 - 100 miles. This forum is extremely helpful. Thanks in advance for your advice!
#29621 of 32216 Re: Accord EX 4 Cyl Purchase [cid805]
May 28, 2013 (7:51 pm)
I think getting a couple a hundred off your price is very do-able and should not be a problem.
Make your offer to all the dealerships for the sale tomm. Try to nail down that price with dealerships closest to your home 1st.
No need to travel 60 to 100 miles to save 200 dollars.
#29622 of 32216 Re: Paid 29531 for 2013 Honda Accord EX-l 4cylinder [chittineni]
May 29, 2013 (1:29 am)
For the future: the dealer needs your business and not the other way around so next time don't be pressured into buying a car with addons or extra crap that you don't want/need -- there are plenty of other dealers you could do business with...
Break down the OTD price so we know how much you actually paid for the car/accessories/doc fee/tax/title/plates -- tax/title/plates/doc fees vary by region so no one knows what you paid for the car if you just give a total OTD price
2013 EXL i4 CVT: $28,785 retail price w/ dest fee & $26,399 invoice price w/ dest fee
You want to be below the invoice price by $500-$1000 for it to be a good deal just for the car (accessories extra) -- since you alrdy bought the car with the overpriced accessories added on you probably did get screwed on the price so consider this a learning experience and move on. You alrdy bought the car so the dealer will not take back the overpriced accessories and its too late to negotiate the price on them so you're stuck with them
Read the extended warranty and prepaid maintenance paperwork for cancellation info -- you should have a certain amount of days in which you can cancel it. $2880 for 8yr warranty is crazy (you're better off keeping that money aside and paying for repairs out of pocket) and $1770 for 4yr prepaid maintenance is insane (you will not pay anywhere close to that amount out of pocket)
Cancel the warranty and maintenance ASAP and get your money back!!!
If you do want an extended warranty then you can buy Honda's extended warranty from online dealers for much cheaper price than what you paid (go for the $0 deductible plans). See the warranty thread here: http://townhall-talk.edmunds.com/WebX/.ef0eeb7?displayRecent
Get quotes from these online dealers:
Its too late to do anything about the car & accessories prices, but you should be able to get your $5k back for the warranty and maintenance -- do NOT let them push you around by delaying the cancellation or telling you to come back later (read the paperwork on how to cancel and make sure they do it)
#29623 of 32216 Re: Accord EX 4 Cyl Purchase [cid805]
May 29, 2013 (4:42 am)
Brian, thanks for your help with this. If they don't have my desired color on the lot, I'm assuming they should be able to get it and this will not change terms of my offer.
#29624 of 32216 3 Day Sale at Millennium Honda in Hempstead NY
May 29, 2013 (5:05 am)
For anyone interested, I recieved an email from Millennium Honda that there is a 3 day sale there until May 31. The Accord LX Sedan I4 CVT price is $20,579. I assume this includes destination. NY law limits the doc fee to $75. So this would be a pretty good no hassle price.
#29625 of 32216 Re: Paid 29531 for 2013 Honda Accord EX-l 4cylinder [chittineni]
May 29, 2013 (5:30 am)
As others have said, there is a provision that allows you to cancel and get a refund of your extended warranty, assuming it is a HondaCare policy. Depending on your model level, you can get a 8 yr 120k warranty for about $1100 at hyannishondacare.com They say to check with them BEFORE you cancel your existing warranty.
#29626 of 32216 Re: 2013 Accord Sport 6 Speed Manual [mjk14]
May 29, 2013 (5:48 am)
$22,280 + TTL for a Sport 6MT with added leather in NY/NJ would be a great deal, but it sounds too good to be true. The salesperson probably talked cheap over the phone to get you into the showroom rather than commit to a particular price.
Keep in mind price (which creeps closer to MSRP as demand increases), fees, and taxes vary by region - here in northern Illinois I see plenty of new domestics (Fusions in particular), but only a handful of new Accords.
I bought my car when there was still plenty of snow on the ground, so that plays into it also.
Hope you find what you're after - someone in NJ should be able to help you more than I can!
#29627 of 32216 Re: Paid 29531 for 2013 Honda Accord EX-l 4cylinder [jatan]
May 29, 2013 (5:45 am)
here is the break up: tell me what do you think....
Selling price 28785
adj price 25757.01
pro pack 799
dooe edge 299
pin stripes 299
total purchase 27453.01
doc fee 180
non tax fees 182.43
can you tell me what will be the actual price for those accesories?
#29628 of 32216 Bought 2013 Honda Accord EXL V4 for OTD 27200 in DFW area
May 29, 2013 (7:27 am)
First of all my apologies in delaying this post as i bought my car on Apr 30.Second I want to thank all the members in the forum who helped me in understanding the intrinsics of car buying details.
I bought a 2013 Honda Accord EXL V4 Basque Red Pearl 2 on April 30 from David McDavid Honda, Irving, TX for 27200 OTD.This also includes tint,door edge guards,wheel locks,splash guard,trunk tray and pinstripe.
I first did online bargaining via emails and then got a deal from one of the dealer for 25700 + taxes and the deal also mentioned that no extra add ons. So i thought of using this price as the base price, but later i read in this forums on how can one make a deal on month end. So i waited for the month end as read in the forums approached dealer with 1200 off on invoice price. The dealer from whom i bought told me that he will give me the car for 27000 OTD provided I go with Honda Financing.Once reaching the dealership they started the actual show saying that since its month end and they are low on inventory they cannot do it for 27000 OTD. Lot of bargaining went around and I was adamant that I cannot pay more than that. I later gave in and accepted for 27200 as I have decided to buy on that day. Further negotiations happened and the dealer wanted me to bump up by couple of hundreds and I said stern NO.Finally the deal got closed at 27200.
The split for the same is:
Car price paid : 25256.02
Taxes Paid (6.25%) : 1578.50
Tags and other charges : 365.48
I made down payment of 5200$ and the remaining 22000 financing has been done through Honda.
The tricky part starts here. Until I went to meet the finance guy, I was under the notion that I will be going through my own financing which is through PenFed for 1.74% APR. Only once i met the finance guy I realized that it is Honda Financing and they charged me an APR of 4.61% for 5 years. I was very tired by that time and had no patience in negotiating further as it was already midnight. I called one of my friend and he told me that I can refinance later easily. Also the finance guy told me that there are no early payment fees.In the hindsight I feel it would have been better if I had negotiated with the correct APR. Anyways nothing much can be done now.I will be meeting the dealer this weekend to pick my number plates and then will check with them about refinancing. Also I have refinancing from PenFed for the same rate i.e. 1.74% APR.
Please advise if i am doing anything wrong with the financing model.
Once again thanks guys for helping in my car purchase and let me know if anyone has any questions.
#29629 of 32216 Re: 2013 Accord Sport 6 Speed Manual [mjk14]
May 29, 2013 (7:35 am)
I am in north jersey, and have bought 3 hondas during the last few years. Sometimes some prices seem to good to be true, so be careful. I can most certainly tell you who is telling you lies to get you to the door, and who's giving you good numbers.
Also, some dealers will quote you on the standard config, and when you go to make a deal, cars they got have a boat load of accessories.
As I said I have been at most of the honda dealerships, as well as a few others (hyundai (2x), mazda (2x), VW, and Subaru, when I bought my last Honda last year. Feel free to IM me if you prefer, I can try and steer you in the right direction. Last Honda I bought, I pretty much named my price at 8:30PM on the 28th of the month and drove the car home in less than an hour. Long night for sure but worth it.