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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
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jluede (Jun 02, 2005 2:20 pm)
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Replying to: joon (Jun 02, 2005 2:00 pm)
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Replying to: markky (Jun 01, 2005 10:04 pm) Doc. Fee : 45 Sales tax : 1973.24 (That is 8.25% as I live in LA.) License Fee : 216 CA tire fee : 8.75 Out the door : 26,115.99 From what I've seen others pay on this site I think I did well. |
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Replying to: psdx (Jun 02, 2005 7:36 pm) I knew there was something up when my initial quotes were coming back below invoice. That's what led me to do more research on what a good price actually was. Good Luck. |
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Replying to: ready2buy2 (Jun 02, 2005 7:18 pm) 1) Documentation fee (bogus, no real cost to the dealer): in CA they usually charge $45, although on some other states that number can be as high as $400. 2) DMV license and registration: 1% of the price before taxes and other fees. 3) Tire fee: $8.75 in CA. 4) Sales Tax: in Bay Area 8.25% (most cities) to 8.5% depending on the city times the price before fees. So, for example, if the dealer quoted $20,000 for your Accord: Doc Fee: $45 (negotiable, since pure profit to dealer) DMV Fee: $200 (1% of $20,000, non-negotiable) Tire Fee: $8.75 (non-negotiable) Price before tax: $20,253.75 Sales tax: 8.25% times ($20,000 + $45) = $1,653.71 Out-the-Door Price: $21,907.46 This should be correct give or take a couple of bucks. Hope this helps.
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Replying to: psdx (Jun 02, 2005 7:46 pm) See my post # 7970 from a couple of days ago. Here is a copy: Why is there so much difference in price by state? California and New Jersey seem to have average prices almost $2,000 less for this car than in Charlotte, North Carolina. 1) Supply and demand. Read, local competition. 2) I hear that the Honda factory-to-dealer incentive (FTD) is on a increasing scale and is a function of how many cars versus the target a dealer sells. So, they will only maximize these incentives (which last month was rumored to be up to $900 per car) if they meet or surpass the target. Some dealers may figure they would be maximizing profit by selling fewer Accords at a higher profit margin. 3) Holdbacks. For Hondas it is 3% of the Base MSRP or around $700-$800 depending on the Accord trim level. Between FTD and holdbacks, dealers have about or up to $1,700 of "discount" to give and the more they give the less goes to the bottom line. That's the math they are doing and a lot of it is driven by local supply (how many dealers are in the area and what their competition is charging) and demand (how willing are local people to pay prices offered by these local dealers and what recourses do they have if they don't like these prices). Ultimately, if enough people make the decision to travel to a different location to save several hundred dollars (or $2,000 in your case), then local dealers will be forced to re-think their strategy and the meaning of "local" competition. Isn't the internet great?
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Replying to: joon (Jun 02, 2005 8:59 pm) |
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Replying to: joon (Jun 02, 2005 9:13 pm) |
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Has anyone use the Consumer Reports New Car Price Service. It's $12 and they provide you with the Wholesale price, national rebates, unadvertised incentives and holdbacks and then also includes the invoice price, sticker, etc... Just wondering if it's a good tool or not.
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