Last post on Dec 09, 2013 at 6:49 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#30003 of 32213 Re: 2013 Honda Accord Sport [brian125]
Jul 01, 2013 (9:02 am)
So holdback on Hondas is typically 2% of MSRP?
Absolutely 100% we'll never know the "true" cost of what the dealer paid for a certain car.
One of the reasons I like car shopping in NY is that "doc fees" are limited to $75 as opposed to CT which dealers call their doc fee a "conveyance fee." Like you said, if a buyer focuses on an OUT THE DOOR price, of Invoice minus holdback, minus incentives, minus $X + tax, then the doc fee should be irrelevant.
#30004 of 32213 Re: 2013 Honda Accord Sport [blueiedgod]
Jul 01, 2013 (1:35 pm)
I negotiated that deal during the 2nd week of last month. I just checked and it is still valid. But I just have decided to go with EX-L and my target price is $25K for EX or $26K for EXL with navi. What do you guys think about the price?
#30005 of 32213 Re: 2013 Honda Accord Sport [rsvr]
Jul 01, 2013 (2:15 pm)
The EXL 4
Invoice is 25,609 plus 790 dest/ charge = $26,399 none nav.
Invoice w/ nav= $27,433 plus 790 dest=..$28,223.
For me personally i think if you bought a Garmin Nuvi for under 200 dollars its better than the Honda Nav system. Save your money. Thats just me. Never liked the car nav's..
I have a 2012 MB , X-5 and i prefer to use my Garmin when i travel.
i think your numbers are off on the EXL 4 model. Above is your invoices. If dealer could del you the exl w/ navi, for 26k its a no brainer. Thats over 2k below invoice................ not happening.
800 to 1200 below on either of your models plus incentives/ rebates would make for a great deal. This price would include figuring the dealers doc fee's into the price.
If dealerships doc fee's are 300 your sale price of the vehicle needs to be 1500 below invoice price to counter that charge. This makes your vehicle sale price $1200 below dealers invoice..
Good luck on your decision
#30006 of 32213 Re: 2013 Honda Accord Sport [brian125]
Jul 01, 2013 (3:24 pm)
Hi all, let me throw my two cents in. I got info from fighting chance.com that has a different way of getting to a fair price on a car. They'll provide info specific to each model plus general information on how dealer's make money. I didn't use their negotiating technique which has dealer's bidding for your business but instead, I was able to use some of the info to get a good price on my car.
One of the points they make is that a dealer could end up selling some car's at the end of the month at a loss in order to meet a mfr's number which would give the dealer a bonus from a mfr. that could be in the hundreds of thousands for sales within a certain period. For example a bonus may be $500K and if they took a loss of $100k to make the number's they are still way ahead. We will never know what these number's are. These bonuses can also be tied to dealer satisfaction ratings.
You can google fighting chance and they have some info posted that may help without having to buy the report which is $39.95 plus $15 for addtl. models.
Hope this provides some insight into why a dealer may take losses on some car sales. I'm curious to see what the feed back is from my post.
PS - I paid $26.2 for exl w/ nav before fees, I think that is something to shoot for.
#30007 of 32213 Re: 2013 Honda Accord Sport [3amadors]
Jul 01, 2013 (3:45 pm)
Thanks Brian and Mario! I'll shoot for that price.
Did you get any accessories for that price? mats, splash guards, wheel locks, tint etc.
#30008 of 32213 Re: 2013 Honda Accord Sport [3amadors]
Jul 01, 2013 (4:40 pm)
Thats why you always buy at the end of the month. Many dealers who are selling at 600 below invoice thru the month and come up short of making sales incentive numbers will sell for hundreds less at the end. This info is well documented now for many many years. The key is finding those dealerships. i have pulled off deals over the years using this approach thats unheard of. Wish i could do it with the higher end vehicles. Much harder.
#30009 of 32213 Re: 2013 Honda Accord Sport [brian125]
Jul 01, 2013 (4:47 pm)
Thanks, Hope this info helps all. Let us know what car you got.
#30010 of 32213 Re: 2013 Honda Accord Sport [rsvr]
Jul 01, 2013 (4:51 pm)
These are an excellent price target for either car.
#30011 of 32213 Re: 2013 Honda Accord Sport [rsvr]
Jul 01, 2013 (6:12 pm)
No accessories, just base car. I may have been able to get some? I think I was worn from the process, but all in all the price was good to me. I'll get some all weather mats down the road and get them online or wait for a good dealer coupon.
Let us know how you make out.
#30012 of 32213 Re: Accord Sport CVT [accordguyphl]
Jul 02, 2013 (9:22 am)
This seems like a good price to me from Davis Honda in Burlington, NJ. I think they are inflating the Doc/DMV fees since the list price is so low, but it is still the best OTD price I have seen. I probably could haggle with those fees, but this seems like a good price (OTD) regardless of how they came to that final number. I'd appreciate everyone's thoughts.
$21,629 (includes $790 destination fee)
$1298 PA tax (6%)
$299 DMV Fee
$298.50 doc fee
$7.50 Tire Tax
$10.00 Some other fee I forgot the name of