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Honda CR-V Prices Paid and Buying Experience

9453 messages,  Last post on Nov 30, 2009 at 11:34 AM

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What is this discussion about? Honda CR-V, Wagon, SUV


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#8636 of 9453
CRV LX AWD by glitch1
Jun 02, 2009 (9:30 pm)
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I seem to be getting around $21K for CRV LX AWD with no options. In normal times, this seems like a decent price. However, it is hard to justify this when some other dealers/manufacturers are selling cars at way under invoice.
 
Many other manufacturers are giving substantial incentives/rebates, leading to prices several grand below invoice. But Honda prices seem to be holding up.
 
Is anyone else getting the same impression with Honda? Or do you think there is significant reductions in price we can get from bargaining?
#8637 of 9453
Re: CRV LX AWD [glitch1] by blueiedgod
Jun 03, 2009 (8:40 am)
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Replying to: glitch1 (Jun 02, 2009 9:30 pm)

Many other manufacturers are giving substantial incentives/rebates, leading to prices several grand below invoice. But Honda prices seem to be holding up.
 
I people are willing to pay the current price, why would Honda lower it?
 
If you had a business selling widgets, and you sold them for $10 a piece, and you had a line of customers wanting to buy them at $10 apiece. While your competition sold them for $8 a piece. Would you lower the price now, or wait until the customers stopped buying yours, and then lower the price?
#8638 of 9453
Re: CRV LX AWD [blueiedgod] by glitch1
Jun 03, 2009 (8:50 am)
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Replying to: blueiedgod (Jun 03, 2009 8:40 am)

Yea, that's the whole point. When I said Honda's prices are holding up, that is a reflection of the market. Not a complaint, just an observation, and the same observation you have made regarding widgets.
#8639 of 9453
Re: CRV LX AWD [glitch1] by sc75188
Jun 03, 2009 (10:55 am)
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Replying to: glitch1 (Jun 03, 2009 8:50 am)

Does anyone have a idea when the prices will be dropping on the CRV's... The 2010's should be coming out soon to make 2009's prices drop.
#8640 of 9453
Re: CRV EX AWD [roots549] by richbf2
Jun 03, 2009 (11:37 am)
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Replying to: roots549 (Jun 02, 2009 6:44 am)

Hi Eric! I am in Alexandria, Va. The dealership is Landmark Honda.
Yes, mine is 23,700 OTD. Keep in mind, dealerships will have additional charge(s) to maximize profit. Negotiate on drive-out price and be firm on your decision. Good luck!
Richard Ng
#8641 of 9453
Prices AREN'T dropping fast. by cubbieswin
Jun 03, 2009 (12:07 pm)
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I was quoted a really low price on a Honda CRV EX-L AWD and I posted about it on here. Well, I went to the dealer on Saturday to buy the CRV and the dealer made a mistake and quoted me on the wrong model. The email quote I received clearly specified EX-L AWD.
 
We did buy the car but it was $24,470 (includes destination) + TTL. I don't remember the final out the door price but it was all standard taxes, etc.
#8642 of 9453
Re: Prices AREN'T dropping fast. [cubbieswin] by glitch1
Jun 03, 2009 (12:10 pm)
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Replying to: cubbieswin (Jun 03, 2009 12:07 pm)

cubbieswin,
sorry to hear that. I don't think the dealer made a mistake. It was likely done on purpose, and unfortunately it worked.
#8643 of 9453
Re: Prices AREN'T dropping fast. [cubbieswin] by bigdadi118
Jun 03, 2009 (3:07 pm)
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Replying to: cubbieswin (Jun 03, 2009 12:07 pm)

Do not award the Bait And Switch ... you should have walk out as soon as they claimed it was a MISTAKE, and go to the second choice, the backup.
#8644 of 9453
Re: CRV LX AWD [sc75188] by blueiedgod
Jun 04, 2009 (8:33 am)
Reply

Replying to: sc75188 (Jun 03, 2009 10:55 am)

Does anyone have a idea when the prices will be dropping on the CRV's... The 2010's should be coming out soon to make 2009's prices drop.
 
After the 2010's hit the road, which is usually middle of September.
#8645 of 9453
Final Offer on CR-V EX by sahm2kga
Jun 04, 2009 (9:48 am)
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Here is the final offer I got from a dealer. I shopped it at 2 other dealers, and they say there is no way I will get it. WDYT? We are scheduled to go in tonight:
 
$25,365 MSRP
Invoice $22,700
Aquisition Fee $500
Total Sale Price = $23,300
  
Bank Rate (through American Honda) = .0025
Redisual Value 61%
Total Payment (including tax/finance)= $329.32
$595 total to close (includes 1st month payment)
  
Buying me out of my last 3 months payments. (I am on the early bird list- as I currently lease a 2006 Accord).

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