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Prices Paid: Buying & Leasing Experiences Honda Accord Prices Paid and Buying Experience
24566 messages, Last post on Dec 02, 2009 at 10:27 AM
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Replying to: jpd1 (May 13, 2005 7:16 pm) True "OTD" prices are completely meaningless here, since we have no idea what kind of taxes and fees are due in your state. I can tell you that invoice on the car is around $26,500 and most dealers don't deal NAV cars as cheap as non-NAV cars so $27,000 might be a decent price for one. You can price the mirror, lights, and trim and H&A (Handa) and see the parts at a discount are $600 or more (depends on how many wood parts you are getting). The fog lights are a pain to install, so figure $100-150 in labor. Given all that, if you got the car, destination, accessories, and dealer fees for $28,300 it would not seem like a bad deal. If the $28,300 was a REAL OTD price including all taxes, tags, title, and other area fees then it would be a really nice deal. Dennis
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Replying to: kolonya (May 13, 2005 9:48 pm) Dennis
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What is the holdback for a 4-cylinder EXL with manual transmission? I plan on making my purchase either this or next month. Thanks.
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Replying to: dwynne (May 14, 2005 10:44 am) I am quite pleased with the purchase and glad I did not go with the LX trim since it offers amenities that I do not use (cruise control, map lights, center arm rest in rear seat, power mirrors, keyless entry). For me, those extras are not worth the $2000 extra. I really tried to convince myself to go for the LX, but in the end I realized that I could buy a plasma TV for the $2000 I save (or put a bit more money into my investments).
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Replying to: dwynne (May 14, 2005 10:40 am) |
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Paid 25,970 plus a rediculous $498 "doc fee". Yeah- I know. I called 3 dealers in the area and none of them would do less on the doc fee. I tried hard on that, but it is pre-printed on all contacts...and was told all Florida dealers would charge this. From calling it seemed...they do. So, 26,468 + $1,716 tax = $28,184 I also paid $101.85 for Gov't Document Stamp Taxes, $202.35 for Registration. Here's where it got interesting. We initially started off with a 60 mos loan at some rediculous interest rate. 7.4% or thereabouts. Interest rates have risen a good bit. Have been tracking my FICO on Equifax and according to Equifax one should be pretty happy with a 6.594% rate if your score is 690-719. I am a 708. Here's what Equifax is stating is average auto rates for Florida: 720- 850 5.744% 690- 719 6.594% 660- 689 8.598% 620- 659 10.420% 590- 619 13.540% 500- 589 15.532% I told the finance guy flatly that I understand it's his job, but if he didn't give me a shiny happy number, I was prepared to simply walk away. I was there in the finance office about 1 hour. I had printed up stuff from bankrate dot com and according to them an excellent rate for Orlando banks is 5.5%. My goal was to get under 6.5%. When I showed the guy the Edmunds page with the 3.9% for May he 1st stated that one needed a 730 or above to get that even though it states no restrictions. So, he seemed to stick with high interest 60 and super high (10%+!) 72 mos loans for a while, but I just wasn't ready to swallow that. I asked again about the 3.9% deal. Now he tells me that is a "package deal". Uh, huh. Situation was that I had a bankruptsy 9 years ago, and this was my 1st car loan. So, that 3.9% went to 4.9%. In order to GET that 4.9% I had to swallow pure dealer profit items as follows: Tire/Wheel Plan - $299 Extended Warranty - $835 Maint Contract $492.00 So, the two items above plus the dealer "package" that I was "forced" to take came to $1867.20 I even told him the items above were pure dealer profit items and he knew it. I asked him to print up both the 4.9% with those items and a 72 mos loan. The total amount financed on 4.9% is $29,051.81and the monthly came to $546.91 Looking at the 72 mos loan was just too rediculous even if it saved me $40/mo now...it was over 10% APR. No way. Oh. One cool thing was that since I was only putting $1k down the bank (Honda Financing) would only allow $1k in dealer options. So, I decided not to get any options. Thing is- they had to get my Graphite Pearl w/ Navi from another dealer and they had mud flaps, wheel locks and the trunk tray already on it. I kept wondering when they were going to take the stuff off, but they didn't. So, at least I got mud flaps, wheel locks and a trunk tray for free. Am I happy about having to swallow those dealer profit items? Nope. Thing was that I *had* to have transportation starting Monday AM as I'm starting Real Estate school, and did NOT want to rent a car. Also, the next clostest dealer contacted me once, but wasn't agressive at all...and was $500 more than this dealer to start with. I asked him if they'd match the initial price and he hesitated...then said Yes...but it didn't sound solid. All in all, I'm pretty happy about getting the 4.9% APR with this being my 1st loan and having a bankruptsy in my past. I see AMERICAN HONDA FINANCE SERV did an Inquiry on Equifax yesterday. Looks like everything went though OK. This is my very 1st new car. IF I wasn't educated my Edmunds, for sure I'd ended up paying some stupid APR. I also inquired about leasing 36 mos, 15k per year with zero down and was quoted between $450-$475 + tax. Mileage penalty was .15 cents so that wasn't nearly enough incentive as opposed to buying. I also had to pay 6 mos of insurance in advance, because I needed a temp insurance slip fax'd to me. Rates were good at $83/mo for full coverage through State Farm. Oh, this is through Classic Honda in Winter Park (Orlando) Florida. If I had transportation I would have been more firm on that 3.9% 60 mos Honda Finance offer and told him to run it and get back to me. But, now I have the car I wanted at a good APR for my history. Graphite Pearl was the nicest looking color to my eye- only one with a nice metallic shine going on. I waited 3 days to get that color. The car had a full tank of gas as well. Read the Navi book last night. Very cool. Overall, pretty happy even knowing I paid some pure profit items... That stuff may come in handy one day- ya never know. Hope this helps some people out. Regards, Dean
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Replying to: alphawolf (May 14, 2005 5:29 pm) Isn't Honda Finance offering a 1.9% rate on Civics and Accords? I don't see why your APR should be so high.
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Replying to: 84tigers (May 14, 2005 11:42 am) Dennis |
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Replying to: natenj1971 (May 14, 2005 9:10 am)
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I live in Akron, OH. I am looking to buy an EX v6 Manual Accord Coupe w/ Navi. I stopped by a dealer the other day and happened to run accross an old friend that is a sales person. He said he could do 2% over invoice. Somewhere in the ball park of 27,500. Should i run with this. or expect to be able to do better. thanks for the help Butler
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