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Out The Door (OTD) Pricing questions

228 messages,  Last post on Sep 07, 2009 at 1:13 PM

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What is this discussion about? Car Buying


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#179 of 228
Re: txallstar [krs1] by bobst
Sep 11, 2005 (5:11 am)
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Replying to: krs1 (Sep 10, 2005 5:32 pm)

Wow, this getting beyond the scope of my knowledge.
 
Be careful trying to analyze things too thoroughly, krs. When we start trying to guess what others are thinking and what motivates other people like car dealers, we usually guess wrong.
 
The main thing is to get a car that you truly want. The second thing is to get a reasonable price.
 
I have heard car dealers have a monthly quota, or someting like that. If you go at the end of the month and they have not met their quota, I guess they would be more motivated to sell for a lower price. However, if they have already met their quota, they would not be motivated, would they?
 
I wouldn't even wory about the end-of-month stuff.
#180 of 228
Re: txallstar [krs1] by steine13
Sep 11, 2005 (5:16 am)
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Replying to: krs1 (Sep 10, 2005 5:32 pm)

The best time to buy is when ya need one... if you're flexible, the end of the month doesn't hurt.. sometimes it's your friend... it's almost never a big deal.
 
Don't try to overanalyze this. The end-of-month thing is only important if the dealer needs just a few more cars to get over some threshold. These inner workings of the dealer/manufacturer relationship are too tedious for consumers to keep track of, and you don't know what the situation is anyway.
 
As far as the Odyssey; I wanted to buy one in '01 and almost did, but that darned thing was too big for our garage, so I wound up buying a Sienna.... back then, Odys were going for sticker, and they were a good deal at that price. I don't know what the story is with the '06 models, but if they won't budge from sticker, and you leave, and they don't call you back in, then you'll know you won't get it for less.
 
Then you either pay or you buy something else. Don't get hung up on dealer profit; it's peanuts compared to the $30 you'll have to shell out for this car. Just make sure you get the best car for your $30,000. Once you've decided on the car you want, then you make sure you get a competitive price for that car.
 
Good luck,
-Mathias
 
EDIT: oh no, bobst and I agree... something must be wrong. And thanks for not telling the key story again!
#181 of 228
Re: txallstar [krs1] by kirstie_h HOST
Sep 11, 2005 (5:20 am)
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Replying to: krs1 (Sep 10, 2005 5:32 pm)

Again, for an in-demand vehicle like a new Odyssey, you're not likely looking at a situation where the dealer has a bunch of them just stagnating on the lot, even at the traditionally "slow" times of month/year. That's why you don't see incentives/rebates on these vans; they don't need 'em to sell 'em.
 
Because these vans have a history of selling well, and at close to MSRP, I don't think you're going to walk into a situation where a dealer is highly motivated to give a huge discount, unless it's by completely blind luck - you hit the right dealership on the exact right day. As bobst mentioned, it ranges from very difficult to impossible to determine how & what other people are thinking.
 
If a major priority for you is getting a real deal, then the Odyssey probably isn't the right vehicle.
#182 of 228
Re: txallstar [kirstie_h] by krs1
Sep 11, 2005 (5:50 am)
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Replying to: kirstie_h (Sep 11, 2005 5:20 am)

Hi Host...
 
Really... My main priority is preventing going into the dealer buying the Odyssey and as I drive off, they are all laughing & shouting SUCKER.
 
I am not out for the deal of a life time. (would be nice though) I want a good vehicle at a FAIR price. But I completely understand that the vehicle I want is considered a 'Hottie" and will net lend it self to a good deal.
  
My main priority is not getting "Ripped Off" at the dealership and being taken advantage of due to my inexperience as a savy car buyer.
 
However... This forum has provided me with the knowledge to feel more confident talking to Salesperson/Dealer.
 
Odyssey Dealers Here I come!
 
Thanks to ALL that Have responded to my posts and provided me with :
Knowledge = Power
#183 of 228
You need a "first baseman" by isellhondas
Sep 11, 2005 (7:28 am)
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If you are that nervous, I would ask a family menmer or friend to go along with you.
 
Find someone who buys cars pretty often but make sure thay aren't some "know it all" that can actually do a good job of helping you **not** buy a car.
 
Lastly, ask your friends, family and neighbors for a referral. Have them steer you toward a store and salesperson they know and trust.
 
It really doesn't have to be a difficult process.
#184 of 228
Re: You need a "first baseman" [isellhondas] by bobst
Sep 11, 2005 (7:38 am)
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Replying to: isellhondas (Sep 11, 2005 7:28 am)

"It really doesn't have to be a difficult process."
 
That's true, as long as you are willing to pay the price the sales person gives you.
#185 of 228
Re: txallstar [krs1] by nortsr1
Sep 11, 2005 (8:30 am)
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Replying to: krs1 (Sep 11, 2005 5:50 am)

and make sure you don't get snowballed by that guy in the room they call the finace guy. If you are a first timer, I really suggest you take a seasoned veteran of the car wars with you!!!
#186 of 228
Re: txallstar [krs1] by jlawrence01
Sep 11, 2005 (10:02 am)
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Replying to: krs1 (Sep 11, 2005 5:50 am)

Four months ago, one of my coworkers dragged me along to FOUR different Chicagoland Honda dealerships (personally, I would rather go have my wisdom teeth removed without anesthetics). He "had to have" a new Odyssey which frankly, he couldn't afford. As he is a purchasing agent, he was convinced that he could "get the best deal" on one. I told him he was crazy that you either paid their price or you walked.
 
After four dealers, he had no Odyssey. All four were within $300 OTD at what I told hom he had to pay for one was right in the middle. He asked me what I would do. I told him to buy an Impala.
 
A few weeks later, he changed jobs ... and bought an Impala ... and overpaid $2500 for the vehicle. Dumb, dumb, dumb ...
#187 of 228
Re: txallstar [krs1] by steine13
Sep 11, 2005 (11:43 am)
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Replying to: krs1 (Sep 11, 2005 5:50 am)

"But I completely understand that the vehicle I want is considered a 'Hottie' and will net lend it self to a good deal."
 
Oh contraire, an Ody at sticker is a good deal
.
By comparison, a Chevrolet Venture with all possible incentives AND below invoice would not be a good deal.
   
-Mathias
#188 of 228
Re: txallstar [jb_turner] by bhmr59
Sep 11, 2005 (2:17 pm)
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Replying to: jb_turner (Sep 09, 2005 6:36 pm)

Just checked this thread.
 
After a quick look, surprized that no one mentioned Edmund's TMV. (Maybe it was, a few pages back). TMV represents a good price and is obtainable. Then all you need to do is add sales tax, title & state fees. Some makes also offer targeted incentives not available to everyone. Check to see if the car you want has any special incentives as they are not included in the TMV.

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