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Honda Accord Prices Paid and Buying Experience

22142 messages,  Last post on Oct 10, 2008 at 9:00 PM

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

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#771 of 22142 compuman1 by robtfl Oct 22, 2002 (8:13 am)
I'm in Boca Raton. I won't pay more than what others are paying for a mass produced car, trying to achieve the 400,000 mark for sales. I'll first go to local dealers and tell them others across the border are getting done for invoice, which 3% dealer holdback is still plenty of profit. The money dealers really make is in the b.s. "junk" accesories that nobody wants or needs, like rustproofing (HAHA, isn't it warranted for 100,000 miles against that?) and taking a can and spraying the interior with "fabric protector" which cost $5 a can, but they sell for $250 or more), and paint protection, etc. Waste of money for consumer, and a total ripoff frankly for what the dealer's costs are. Then they make money on service and parts, big time in that dept., and last, more money normally is made on used cars, since no two used car is alike, so volatility is greater to get a bigger buck. Whereas with a new car, you can shop around the exact same car for the best price. By the way, all I'm mentioning is comingfrom an old college friend that's father owned a Lincoln-Mercury dealership. He'd laugh when he took out the can and spray the seats on cars, and what they paid for that crap. Moral of story is, DON"T LET DEALER'S TAKE CONTROL, AND DON'T BUY NEEDLESS JUNK FROM THEM TO RAISE THIER MARGINS!
#772 of 22142 moonkat by rainbow24 Oct 22, 2002 (9:43 am)
moonkat:   Profit and loss are arbritary in the car business. Sometimes you can make money, sometimes you can lose. New cars sold need to be about $1500 profit, meaning 1500 above invoice and the dealer will break even. Now, on the trade-in; the dealer will lose money if he cannot sell that car in a month...IE Interest Payments. Now if that car cannot sell, it will go to auction where a dealer makes nothing, he actually loses. Like a grocer keeping an inventory of lettuce or tomatoes, if they go bad he loses money, sell them fresh and make money. So, we now address the inventory issue. Here, we cannot keep a V6 Accord in stock, no one wants to dealer trade for them, the next month's allocation is pre-sold w/deposits. So, demand is driving the price to be MSRP or just below. Now, if you can wait until next year when supply grows, you will get a better deal. We also have an issue with west coast supply shutting down the Honda Factories due to lack of parts; IE just in time delivery process. So all that said, show me a EX V6 accord being sold at invoice and I call BS, way too early in the game to begin Whoring out Accords. The Mazda6, woooo, words of advice there, resale, depreciation, maintenance, reliability. Mazda doesn't make many waves in the car market. They are giving away 2002s right now. Sure, I am like a consumer on my car, they worked a deal with me on it, it has to be ordered (High Demand), I will have to wait for it to come in and I will pay more to get it this year vs. in August when I can steal one like the rest of the public. If you can get a great deal by travelling or going over the border, by all means great. Remember, dealer fees, taxes, and add ons are different at every dealer. We only add what the customer wants here. Remember when you drive to get a better deal, you spend your time (what's that worth), gas money while driving there, and outting extra miles driving your new car home. Is a 1/2 day of work and $20 worth of gas worth saving $500? And maybe not getting the great deal you were promised on the phone at the dealership when you get there.   It's all different, anyway, good luck getting a great deal. I haven't seen them yet, but $1000 over invoice is pretty strong right now. If you can do better, consider yourself a minority of customers out there. Lastly, the best way to deal is buy what's on the lot. If you order it, there goes your bargaining chip.
#773 of 22142 rainbow24 by moonkat Oct 22, 2002 (9:53 am)
Good advice.
#774 of 22142 bigkahunafl by moonkat Oct 22, 2002 (10:00 am)
I'm in Muddyland, you know, sniper country!? Did a trek to Bartlesville, OK (1300 miles) to save $2k back in 99. So 720 miles to Atlanta for $2K would be a piece of cake....probably a day trip:-)
#775 of 22142 Hotlanta by bigkahunafl Oct 22, 2002 (1:10 pm)
What was the name of that dealer in Atlanta giving the great deals?
#778 of 22142 Just to add by cheddar1 Oct 22, 2002 (1:52 pm)
Received a call from the dealership Saturday to remind me that their offer was only good till the end of the day. I told them to use it quickly on someone else before it expires.   Its the unmitagated gaul of sales people that gets me most. We the consumer control the market. If no one pays those outreageous prices that the greedy ask for they'll have to survive with only three slices of cheese on their hamburger instead of ten. Can't make 3-4 k on a deal unless we're willing to let them.   Although I didn't make a deal, I refused to budge on what i felt was a fair offer.   I learned a huge lesson on dealing with sales people. I did my homework, made a fair offer, aprised them of how I came to my offer and they just kept up their bull. I understand the cost of running a business. The fact that they can look you in the eye and offer you less than 3K than your trade in is worth reeks of their greed.    The thing i've learned the most is to do your homework stay firm and never, never be in a situation where you need to buy the car. Worse case scenario for me know is to keep my car and buy an exptended warranty from Warranty direct and they have a decent discounted price.   I'll eat the cost of the warranty and when my payments are over i'll have more to put down on the car in 2+ years.   If a good deal comes along from now till next year i'll bite otherwise i still have a 2000 Honda Ex V6 that's covered.   The crazy thing is i live in a metropolitan area in a big city. The dealers keep saying that they can't keep the cars on the lot. The only 2003 Honda Accord I've seen so far has been in their lots.   The economy isn't that great and people aren't running out to pay sticker price, bottom line, even for a car like the accord.
#779 of 22142 FL dealers by tnguyen74 Oct 22, 2002 (6:02 pm)
Compuman1, I'm from West Palm Beach also. I haven't yet visted any Honda dealers yet but just getting a feel for pricing. As for trade-in KBB doesn't even have a trade in value for 02 RSX-S so I'm going in blind. For a high-volume car such as Accord I want to pay no more than invoice for especially with holdbacks dealers are getting.
#780 of 22142 FL dealers by compuman1 Oct 22, 2002 (9:03 pm)
I work off of PGA Blvd too.   I requested internet quotes for an EX-L auto from all Honda dealers from Ft. Pierce to Miami. The out-the-door quotes ranged from $24,250 (Pompano Honda) to $26,128 (Ft. Pierce). An almost $2000 variance !. Somebody is trying to get rich(er) quick !   Pompano has the better deal, but still $1000 over invoice....Let's go to Atlanta.   No wonder I've only seen one 03 Accord on the road and it wasn't even from around here. What about you guys?   tnguyen74, pardon my ignorance, who makes the RSX-S?

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