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Prices Paid: Buying & Leasing Experiences Honda CR-V Prices Paid and Buying Experience
9801 messages, Last post on Mar 20, 2010 at 12:11 PM
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I am staying in Minneapolis,MN. I am planning to buy a 2007 Honda CR-V AWD EX-L. I have got quotes from almost all the dealers. The lowest one I got till now was $25,795 + Tax-Based on 6.5%=$1676 + License-$421 = Total-$27,892. I am reading through the forums and it seems to be huge difference. Can anyone help find a good dealer anywhere near to Minneapolis. I am willing to drive even 8 hours to get the car....Also I will definitely send a gift to the person who helped me in getting a good deal on the car...........
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Replying to: ongjoy (Nov 27, 2006 11:51 am) At first I thought they made a mistake and quoted me a price for the 2006 model but the quote said 2007. I went to the dealer and sure enough they honored the price. They did not have the color I wanted (silver), however they had one inbound. I put down a deposit and got the final price in writing (no add-ons whatsoever). Competition is fierce in the LA area so I'm sure that was a huge factor in the price. Enjoy your car!
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| i'm in northern california. i emailed eight dealers this morning for a quote on a 2007 EX-L AWD and four of them gave me the exact same price: $26,095 (including destination) + TTL. | |
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Replying to: mptlptr (Nov 27, 2006 3:10 pm) Can you please send me the dealers name and phone number?? Also I would appreciate if you can give me the exact number which he gave you and your name as well, so that i can refer your name........ Thanks Pavan.
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Replying to: pavant (Nov 27, 2006 1:06 pm) The Ex-l is a popular vehicle (I think, I have also read that the supply situation of these vehicles is not good as production is hammered out. But you can't always believe what you read) Solicit bids from 20-30 dealers toward the end of the month. Flexibility on colors and options is also helpful. Only one out of 8-12 dealers truly needs to sell a car to make his #'s EOM so 20-30 solicitations could provide about 13 responses and 2-5 true eager beavers. The fax method I find more useful although emails are easier for most people. The honda dealer locator makes this a snap. This is truly a competitive bidding situation. If not acceptable try again next month. Your situation seems to be easier with no trade. Try to finance thru your own sources. The best deal you can get surveying all the shops within 400 miles is by definition a good deal. The CRV wholesales about 6k from list 1st year, so even with $2000 off (400 under invoice) they are by no means giving it away. Also, if you're into extended warranties honda is one of the few nameplates that seems to let their dealers compete on the internet. The hondacare warranty from myhondawarranty.com (Saccuci Honda) internet price is about $1100 for the 8yr/120k. Please don't get taken for 2000+ at the time of sale like so many do. Happy Hunting -Jim
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I received a quote for a CRV EX-L AWD in Baltimore for $24,542 plus Taxes Title and Licensing. Is this a good deal?
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| A dealer here in Ma is offering a 2007 CRV LX lease for $138/mo. Is this a gimmick price or a good deal? What should I look out for? | |
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Replying to: sizzerhappy (Nov 27, 2006 4:29 pm) So compared to me you did very well. |
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Replying to: c_hunter (Nov 27, 2006 12:38 pm) Although you are right about the negotiated price, I disagree with the statement "OTD price is meaningless". Actually, OTD price is everything as that is what one has to pay to get the car. By working with a OTD price, you cut out the dealer's tatic of high priced add-ons and can remove some of his profit is some of the fees he adds on. Juding from mptlptr's price and jfritsh's comment ("The CRV wholesales about 6k from list 1st year"), there is lots of give in their price if they REALLY want to sell the car. That's why I suggested listing both for a true comparison.
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Replying to: ongjoy (Nov 28, 2006 4:59 am) An additional problem I see here in using the OTD price is that people often have a trade-in wrapped into that price. One more factor that we cannot universally understand without a lot more info, such as value, equity, etc. Not everyone has that same situation obviously. Someone may have an OTD price with a trade, someone else without, etc. I can tell you that I see a lot of people quoting what look like good OTD prices, only to find that there's a trade wrapped into it. Upon running the numbers, it looks like a lousy deal. So, when people come here to compare their price with others nationwide, they either need to give the OTD price with all the details that go into it (which is probably not appropriate here) or give the effective selling price of the vehicle. That is the only way we can make a direct comparison, apples to apples. Now as far as using OTD as a tactic with the dealer, that is fine, but makes it real easy for them to take advantage of the buyer. I much prefer to negotiate a hard price on the vehicle, a hard price on the trade, haggle over fees if necessary, and let my spreadsheet or calculator do the math for the OTD price. By only working the single OTD price, the buyer is more likely to give in one place but get taken in another. I encourage all buyers to make sure they understand each major component that goes into the OTD price, if they plan to use that as the negotiating point. It's important.
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