- #5934 of 24560
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Re: IT'S NOT OVER UNTIL... [ktnr]
by ctyankee
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Nov 30, 2004 (9:35 am)
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Replying to: ktnr (Nov 30, 2004 7:56 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.
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- #5935 of 24560
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Re: IT'S NOT OVER UNTIL... [ctyankee]
by trekkiemonster
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Nov 30, 2004 (9:40 am)
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Replying to: ctyankee (Nov 30, 2004 9:35 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.
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- #5936 of 24560
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Re: IT'S NOT OVER UNTIL... [trekkiemonster]
by ctyankee
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Nov 30, 2004 (10:33 am)
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Replying to: trekkiemonster (Nov 30, 2004 9:40 am)
http://www.edmunds.com/advice/incentives/holdback/ http://autos.yahoo.com/consumerreports/article/pricing_maze.html
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- #5939 of 24560
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Zero% affect price?
by bobdee
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Nov 30, 2004 (10:46 am)
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Several dealers in SoCal are offering 60 month, zero pct financing through Honda Finance. Should I expect this will result in a higher price?
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- #5940 of 24560
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Re: Zero% affect price? [bobdee]
by clovisguy
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Nov 30, 2004 (12:29 pm)
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Replying to: bobdee (Nov 30, 2004 10:46 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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- #5941 of 24560
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Re: What price to offer for a 2005 EX 3.0 [tcvb22]
by dsertsun
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Nov 30, 2004 (12:38 pm)
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Replying to: tcvb22 (Nov 24, 2004 2:13 pm)
sorry for the slow reply, been out of town.
No that price is plus tax and license plus $45 docs. No way you can get that car for that price OTD
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- #5942 of 24560
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Re: What price to offer for a 2005 EX 3.0 [tcvb22]
by dsertsun
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Nov 30, 2004 (12:40 pm)
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Replying to: tcvb22 (Nov 24, 2004 2:13 pm)
tcvb22
Is that $24,450 OTD?
sorry for the slow reply, been out of town.
No that price is plus tax and license plus $45 docs. No way you can get that car for that price OTD
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