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Honda Accord Prices Paid and Buying Experience

21925 messages,  Last post on Sep 04, 2008 at 10:19 PM

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What is this discussion about? Honda Accord, Coupe, Sedan

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#5931 of 21925 Everyone can do better by gatrhumpy Nov 30, 2004 (4:45 am)
Back in January of 2004, I got a 2004 Accord EX V6 with navigation for $27,374 OTD, or $25,251 before taxes, tags, and other fees at College Park Honda. Haggle some more.
#5932 of 21925 IT'S NOT OVER UNTIL... by trekkiemonster Nov 30, 2004 (8:23 am)
I placed a deposit on a 2005 Honda Accord LX V6 Sedan, and continued to research prices. Before I took delivery, I learned about the safety recall concerning the driver's airbag, which the salesperson HAD NOT communicated to me. I was advised that the vehicles affected are ALL 2004 Accord L4 4-door vehicles, as well as certain 2005 Accord L4 4-door vehicles. In order to complete the sale, the dealership dropped its price further to compete with the Cars Direct price. As I would not complete the purchase unless I qualified for the 1.9% APR financing, the contract was not binding until I signed the finance agreement. Don't be too quick to sign. It's not over until... Replies to this message: ktnr (Nov 30, 2004 8:56 am) ctyankee (Nov 30, 2004 10:35 am) trekkiemonster (Nov 30, 2004 10:40 am) and 3 more...
#5933 of 21925 Re: IT'S NOT OVER UNTIL... [trekkiemonster] by ktnr Nov 30, 2004 (8:56 am)
Replying to: trekkiemonster (Nov 30, 2004 8:23 am) Honda currently offers $1,500 cash back on certain 2004 leftovers. On 2005 models, they're offering 1.9% APR for up to 60 months to qualified buyers (credit score of 720 or higher).   Personally, I thought CarsDirect was a joke. By surveying area Honda dealers via E-mail, I was quickly able to find which dealer had the lowest internet prices. CarsDirect later admitted to me over the phone that they'd be getting the car from that same dealer, at that same price, and then tacking on a $500 markup to cover their end. In my case, $500 would have been a lot to pay for somebody else to send a dozen e-mails on my behalf. To their credit, the guy on the phone was honest about it.   Ultimately, I got my 2005 Accord for $168 below dealer invoice and destination together(plus tax and tag). Again, CarsDirect would have been $500 higher than that. Replies to this message: ctyankee (Nov 30, 2004 10:35 am) trekkiemonster (Nov 30, 2004 10:40 am) ctyankee (Nov 30, 2004 11:33 am)
#5934 of 21925 Re: IT'S NOT OVER UNTIL... [ktnr] by ctyankee Nov 30, 2004 (10:35 am)
Replying to: ktnr (Nov 30, 2004 8:56 am) Research the dealer "holdback". Several sites I've seen currently show a holdback of 3% of the base MSRP for Hondas. So depending on how long a car has been in a dealer's inventory (1, 2, or 3 months), he can make 1%, 2%, or 3% of base MSRP. For an LX 4-dr auto, that would be $614.25 at the 3% rate (MSRP = $20475).   That's how they can sell for below invoice. Replies to this message: trekkiemonster (Nov 30, 2004 10:40 am) ctyankee (Nov 30, 2004 11:33 am)
#5935 of 21925 Re: IT'S NOT OVER UNTIL... [ctyankee] by trekkiemonster Nov 30, 2004 (10:40 am)
Replying to: ctyankee (Nov 30, 2004 10:35 am) Thanks for the information. If you have any sources to determine whether or not a "holdback" is available on the 2005 Honda Accord LX V6 Sedan, I'd certainly be interested in learning about them. Replies to this message: ctyankee (Nov 30, 2004 11:33 am)
#5936 of 21925 Re: IT'S NOT OVER UNTIL... [trekkiemonster] by ctyankee Nov 30, 2004 (11:33 am)
Replying to: trekkiemonster (Nov 30, 2004 10:40 am) http://www.edmunds.com/advice/incentives/holdback/ http://autos.yahoo.com/consumerreports/article/pricing_maze.html
#5939 of 21925 Zero% affect price? by bobdee Nov 30, 2004 (11:46 am)
Several dealers in SoCal are offering 60 month, zero pct financing through Honda Finance. Should I expect this will result in a higher price? Replies to this message: clovisguy (Nov 30, 2004 1:29 pm)
#5940 of 21925 Re: Zero% affect price? [bobdee] by clovisguy Nov 30, 2004 (1:29 pm)
Replying to: bobdee (Nov 30, 2004 11:46 am) Yes and No. You can still get a deal close to invoice and obtain the 100% financing saving you at least $1500 on financing charges. However, if the dealer was getting an incentive to sell the cars for less the price could be well below invoice. The 0% financing is just a traffic builder because most people with very good credit aren't going to qualify unless they put a large down payment. The Honda Dealer in Fresno advertised 0% financing with 0 down for 60 months but dropped the zero down last weekend. I bet they got a bunch of pissed off people with very good credit that couldn't qualify or were upside down in their trade still expecting to get out of them without cash.

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