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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: 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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Replying to: butler879 (May 15, 2005 4:07 pm) |
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Can anyone help me in trying to obtain some real world MPG on the V6. We are thinking about buying one and we know what the sticker says for MPG but would like the actual MPG any of you fine people that give such great input in this forum. Thanks in advance!!!!
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Replying to: mldj98 (May 16, 2005 4:09 am) I do drive the speed limits... |
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