Last post on Dec 04, 2013 at 10:26 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#31661 of 32162 Re: 2014 Honda Accord Sport 6MT [brian125]
Oct 21, 2013 (4:29 pm)
Yeap! thanks Brian.
Bought in Houston, TX. Big Star Honda (Formerly David McDavid Honda). Small dealer but have good efficient people running the place.
#31662 of 32162 Re: HOW TO HANDLE THE TRADE WITH MULTIPLE DEALERS [brian125]
Oct 21, 2013 (8:26 pm)
Thanks but my examples of dealers 75 miles away was purely hypothetical. But basically you do what isellhondas said not to do.... Introduce the trade later in the process.
#31663 of 32162 Re: HOW TO HANDLE THE TRADE WITH MULTIPLE DEALERS [hogan773]
Oct 22, 2013 (4:13 am)
If thats the case and you want to save your time. Get your 4 or 5 lowest prices then do as i posted.
I dont see the point of bringing in a trade before securing your lowest price on the new car. Your trade will be a loss. All dealerships that use Nada and Galves pricing are terrible prices. Secure the hard part first. Then work on trade in prices. You will need to go to every dealership anyway so they could look at vehicle. Why not visit the first 4 best dealerships closest in price. making the best deal out of those four.
Anyone who has went to a dealership trying to get a good price out of the salesman and have that dealership appraise your car will tell you the hours spent for this transaction. Thats why I'm telling you secure your best prices by phone / email with internet manager and then visit dealerships. My way is quicker and less stressful.
As this peanut gallery preaches....... If it makes sense and is a fair deal you will know. What i mean by that is......... your trade in
Post your buying experience and how you proceed to go about your Buy/trade in
#31664 of 32162 2014 Ex-L V6 Accord sedan
Oct 22, 2013 (5:29 pm)
Pulled the trigger today...I still can't believe I did it by myself!! I have learned invaluable knowledge here. Thank you to everyone that I have learned from and through the last several months! :0)
Purchase Price: $27,900
Doc fee. $99
Flex cash $500
OTD price $27,499
The sales manager completely low-balled the trade-in value on my previous car. I knew my purchase price ($700 under invoice) with the flex cash was a good enough deal for me. We will sell the car out-right and pay off the new car quickly. Overall, I am pleased with the deal I made. It was a fair deal. I tried to negotiate a discount on a few accessories, but the sales manager would not budge and I was not going to fight over $200 in accessories. Hopefully, I can order after-market. If I were the dealership, I would gladly give 25% discount on a few extras to make a customer happy...instead they got zero dollars...
What Brian says about shopping your trade-in value in your local area is good advice. I had researched online but had I had a closer estimate of how low the quote would be, I may have fought harder on purchase price to squeeze out another $200 out of them. I am glad it's over! I am off to celebrate with wine while my car is safely parked in the garage!
#31665 of 32162 Re: 2014 Ex-L V6 Accord sedan [capegirl5]
Oct 22, 2013 (5:56 pm)
Congrats. You did well on your purchase price and I'm glad you were able to pull your trade out of the equation without repercussions. What area are you in/ where did you buy?
Oct 22, 2013 (6:15 pm)
I just got home with the new 2014 EX-L. Didn't get the color I initially wanted, but it all worked out. Dealer pulled bait and switch in color with a '13 and said they thought they had the '14. No big deal.
Wife is happy.. I'm happy.
Thanks for all the great info and help guys.
#31667 of 32162 Re: 2014 Ex-L V6 Accord sedan [capegirl5]
Oct 22, 2013 (8:17 pm)
Great job Capegirl! Congrats and enjoy your new Accord - and kudos on selling the trade yourself - you'll reap a few extra bucks on that too.
#31668 of 32162 Re: Got it [squashpile]
Oct 22, 2013 (8:19 pm)
Squash - just like Capegirl, you did great!
Congrats and enjoy the new Accord!
Oct 23, 2013 (4:53 am)
Congratulations on your purchase.
Too bad you did not get the color you wanted. I hate it when dealers pull a bait and switch, but glad it all worked out for you.
#31670 of 32162 Re: 2014 Ex-L V6 Accord sedan [capegirl5]
Oct 23, 2013 (10:26 am)
Excellent, excellent info. Thanks. Basically it feels to me like $27.5 should be a good target number for the V6 and 25.5 for the EX-L.
Indeed I think Brian and I are saying the same thing re: trade in. Negotiate the new car price FIRST, but perhaps given isellhonda's comments, don't HIDE the trade possibility. Just say that I am most interested in agreeing the price of the new car, and I'm likely to sell old one privately but once I agree the new car price I'd be happy to show them the trade to get a quote.
Then, I can work the lowest couple dealers with a "roadshow" on my trade in and take the overall best package. Or, if none of them get close enough on the trade, just sell myself.
I'd think even in the dealer's mind the trade and the new car are somewhat separate items (isellhonda can confirm). By that I mean, a dealer likely won't sell the new car WAYYY below invoice in a situation where they are raping the customer on the trade. But maybe the threat of taking your new-car business to the next stop because they haven't quite gotten to your number on the trade will keep them sharper on that piece of it.