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Prices Paid: Buying & Leasing Experiences Honda Accord Prices Paid and Buying Experience
22138 messages, Last post on Oct 10, 2008 at 12:17 PM
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Replying to: natenj1971 (May 16, 2005 12:00 pm)
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I bought the EX-L at a dealer for 21,500 including destination... thought that was a pretty good price (21,900 invoice, less $700 - 3% of MSRP - is $21,200) This was before I heard about carsdirect. The carsdirect price is 20,700. My question: how is the carsdirect price less than the invoice-less-holdback? Is this the volume rebates kicking in? Just how badly did I get screwed?
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Replying to: beamin2 (May 16, 2005 10:20 pm) Hold back is 3% of MSRP so you can figure that. From March through May Honda has been giving dealers an incentive based on sales goals. The top number was $600 in March, $750 in April, and $900 in May. So if the dealer knows or plans to qualify for the top incentive, then invoice - hold back - $900 + some profit COULD be the price. As was mentioned, not all dealers get the full incentive. I think every one that I talked to in March made it for the $600, but I am wondering if Honda raised the bar since then. You got your car for $400 under invoice, which is normally not bad for a Honda. Without knowing about the incentives hard to drive a better bargain. Dennis |
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Replying to: todd7 (May 06, 2005 12:10 am) Justin |
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Replying to: beamin2 (May 16, 2005 10:20 pm)
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For what is worth, here is a copy of the terms of my lease agreement signed yesterday. This is in the Los Angeles area. MSRP (inc. dest): 21,140.00 Sale Price: 17,800.00 Acq. Fee: 595.00 (rolled in) Gross Cap Cost: 18,395.00 Cap Cost Red: 33.08 (part of a 750 initial payment, see below) Adjusted Cap Cost: 18361.92 Residual Value: 10992.80 Depreciation: 7,369.12 Money Factor: 0.00031 Rent Charge: 327.60 Total of Payments: 7,696.72 Number of Payments: 36 Single Payment: 213.80 Sales Tax: 17.64 Total Single Payment: 231.44 Initial payment of 750.00, distributed as follows: Cap Cost Reduction: 33.08 Sales Tax on Cap Cost Reduction: 2.73 First Payment: 231.44 Refundable Deposit: 250.00 Initial Registration: 179.00 Document Fee: 45.00 California Tire Fee: 8.75 Total: 750.00 The Accord feels great, and I got a J VIN too |
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Replying to: passat_mx (May 17, 2005 10:41 am) Great job!! |
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I recently purchased a HAH in Graphite Pearl. OTD $31,662. That's including the security system & an extended warranty plus all other charges. I did much better than I thought I would. It's tough to get a good deal in the Los Angeles area. And I LOVE THIS CAR!! Laura 
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Replying to: passat_mx (May 17, 2005 10:41 am) Anyone know what the 36 month depreciation would be on a 36 month 20K miles per year?
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