Last post on Dec 05, 2013 at 6:12 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#30075 of 32172 Re: 2013 Honda Accord EX-L w/o nav in MA [brian125]
Jul 09, 2013 (6:50 am)
Well written post and very informative as always Brian. I find the opposite holds true for me specifically because I put more than average miles on my car (20K per year). My previous car was a 2010 Acura TSX which I bought in August 2009. You should have seen the look I got from some dealers when I went to trade the car in with 49,000 miles in March of 2012.
My current (leased) 2011 328xi doesn't look so bad on paper with "only" 26,000 miles. Even though it is a MY 2011, I didn't take delivery until March of 2012. Either way it doesn't matter because MY 2011 was an abnormally long production year for BMW. They started building 2011s in May 2010 & Continued selling them until May of 2012, so my car isn't going to be worth anywhere near the stated residual value when I turn it in at the end of next September.
#30076 of 32172 Buying experience Accord EX/CVT/4 cylinder Sedan $23,032 +Tax+Doc Fees+DMV
Jul 09, 2013 (11:21 am)
I picked up my car on Sunday, July 7. Pick up was easy and uneventful. I traveled from Rochester NY to Westchester (about 300 miles) for the deal. I traveled with a friend who was traveling that way so the logistics were easy.
As previously reported I paid exactly $1000 below invoice for the car described above. The car was financed at .9% , 36 months in the minimum amount of $8500. Doc fees in NYS are regulated to be $75 and DMV fees are just what the state charges with no tack on fees (about $150.)
I purchased from Honda of New Rochelle. All details were handled via phone and email. They were very easy to deal with. (Most of my dealings were with "Anthony".)
I made my offer for an immediate purchase on Friday July 28. (I wanted 1000 below invoice plus $500 flex cash. ) They almost immediately came back with the $1000 off but no flex cash. I took their offer. Perhaps I could have counteroffered and gotten part or all of the $500. The deal was contingent upon financing the car, which I did not really need, but took the financing to get the best deal.
Several reasons I did not counteroffer: 1. They had the color I wanted (Champagne) which is relatively hard to get. The interior of this car is a light color with dark trim. I just did not like the black interiors offered with most of the other exterior colors. 2. I live in Rochester. I began "dealing" that morning by calling local outlets The dealers upstate in Rochester, Buffalo, Syracuse and Albany were not making reasonable counteroffers. So I called a few in Boston and in the area north of NYC. By the time I talked to New Rochelle, I had talked to 10 outlets and was a bit tired and discouraged, so I grabbed the offer.
As previously discussed, I learned several things. See: #29978. In addition a simple thing: to get the best deal, one should finance. In most states the finance deal is "simple interest" which means that the loan can be paid off immediately with little to no interest charges. Saving $500 or so by the little bit of trouble entailed in filling out a loan application is worthwhile.
If and when I buy another new car, I will follow Brian's advice here: #29979
The car is beautiful and drives very well. (Driving home on the Thruway we scored 37 mpg--really great).
My thanks to all for advice and sharing their deals!!
One more question: when signing the papers in the dealership, I chatted with the manager. He claimed that flex cash came only with leases and not finance deals. This is contrary to what I have read in this group about Honda incentives. Perhaps this was the dealership policy in dispensing the flex cash they had, and not Honda's. Can anyone comment?
#30077 of 32172 Re: Buying experience Accord EX/CVT/4 cylinder Sedan $23,032 +Tax+Doc Fees+DMV [pjl52]
Jul 09, 2013 (1:25 pm)
This is from a dealer's add in CA.
You may qualify for Honda Flex Cash! A great option to receive up to $500.00 cash down paid by AHM on a new 2013 Honda purchase. Must finance or lease. Please call dealer for details.
#30078 of 32172 Wait for Labor Day sale?
Jul 10, 2013 (5:13 am)
I know that I should buy on the last 2 days of the month. I'm planning on buying an Accord at the end of August. Since Labor Day is Sept. 2nd, should I wait until then or buy at the end of August. Surely there will be incentives for a Labor Day sale. So... when should I buy?
#30079 of 32172 What is a good price for V6 EXL with NAV
Jul 10, 2013 (8:30 am)
I was minding my business when getting my car serviced today and saw my dealer had a 2013 V6 EXL with nag that was a demo model. It had 5000 miles. I know what is the invoice on this car but what does the dealer have to work with on a demo? Do they get an allowance from Honda or do they simply treat the car as a used car and expense the depreciation while it was a demo and try to find someone who is willing to pay invoice thinking they got a great deal. My gut tells me it is invoice minus $3500-4000 and that is a win-win for the dealer and buyer. Does that make sense?
#30080 of 32172 Re: 2013 Honda Accord EX-L w/o nav in MA [brian125]
Jul 10, 2013 (11:38 am)
I have read some of your older and more recent posts. They are very informative.
Do you think if I wait till the end of the month, I might be able to get a deal for less than $25k on the EX-L w/o navigation with $500 Flex cash?
Invoice is $25,609, so let me know how low of a price I should start with when negotiating.
#30081 of 32172 Re: Wait for Labor Day sale? [nw_la]
Jul 10, 2013 (3:48 pm)
Once you have made a target price for your model buy as soon as you get your asking price. If a dealer wont meet your price at the end of August most likely they wont meet it on Sept 2. The more dealerships you get involved in the pricing game the better you will do finding your asking price..
#30082 of 32172 Re: 2013 Honda Accord EX-L w/o nav in MA [bluemkn57cars]
Jul 10, 2013 (4:17 pm)
Anything is possible. If you dont try you will never know. Go thru dealerships web sites to find your model. Dealers that have your model on there lot will most likely be looking to sell. Experience tells us at this time of year dealers will have a hard time swapping cars with other dealers. They wont help each other due to the demand on certain 2013 models/ colors that are left knowing the 2014's Start to arrive sometime in late Sept.
A 5000 mile demo Accord is not a yr old car and most dealerships consider a demo like a New Car. If i could get that same model Accord new for 1200 to 1500 below invoice why take a chance with a demo even if The dealer sold me his demo for 2500 or more below invoice i dont want it../ You have to assume that 5000 mile demo Accord most likely was driven hard for 7, or 8 months. Look on the driver's door panel to see the production / del date.
If i'm putting down my hard earned money i want it brand new .
#30083 of 32172 Re: 2013 Honda Accord EX-L w/o nav in MA [brian125]
Jul 10, 2013 (6:16 pm)
Good to know, Brian.
#30084 of 32172 Re: 2013 Honda Accord EX-L w/o nav in MA [bluemkn57cars]
Jul 11, 2013 (6:22 am)
In addition to your search for the EXL v-6 i would shoot these dealers internet managers a email or Call each one at the End of the month telling each dealership that for 1500 below invoice price at $ 24,109 you will buy vehicle and hold sale with a credit card deposit.
Prime Honda , Bernardi, Boch, Boston Honda, Herb Chambers,and dont leave out Weymouth Honda.
There should be no reason why at this time 1k below dealers invoice can't be had worst case scenario. dealers in Boston/ M.A. have doc fee's of 249 to 400 dollars take that into consideration when making your offer.
a 1500 below dealers invoice Sale puts you at 1100 to 1200 below invoice with doc fee's added onto bill.