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Prices Paid: Buying & Leasing Experiences Prices Paid & Leasing Experiences Archive Acura RSX Prices Paid and Buying Experience 
306 messages, Last post on Sep 10, 2007 at 1:35 PM
You are in the Prices Paid & Leasing Experiences Archive Forum. Your Hosts are car_man & kyfdx
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2006 Type-S All prices in Canadian dollars. Listed MSRP $33,400 Negotiated to $32,064 Unless things are different in the states, you should never pay MSRP or higher! I bought the dealers invoice price (what the dealer pays for the car) for $49.00 (There are lots of US and now 2 Canadian web sites that offer this.), calculated the dealers profit  MSRP (9.5%), calculated an offer price that gave the dealer 4% and went in with that offer. The dealer took it.
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Replying to: michael_lee76 (Oct 23, 2005 8:35 am) But, if you want to know the actual numbers... ask here: Acura RSX: Lease Questions regards, kyfdx Host-Prices Paid Forums |
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Replying to: mrtommyboy2000 (Oct 23, 2005 9:16 am) I'm in Canada and interested in the RSX Premium. Can you tell me more about the 2 Canadian web sites you mentioned? I got a quote from two dealers but I have no clue if I should try to go lower. Thanks Claudia |
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Great Canadian sites: 1. Dealer invoice and dealer incentives http://www.carcostcanada.com 2. What profit is fair for the dealer to make http://www.carbuyingtips.com/canada.htm or www.roadcompanion.ca 3. How much your trade in is worth. If you have a trade in use www.autotrader.ca and get the Low, Median and High price. Determine a fair median by finding matches in millage and trim lines. Also use Black Book to get the dealer trade in price. http://www.usedcarsontario.com/blackbook.php or http://www.canadianblackbook.com/prv/auth.cfm?token=AB04DC39ZKL01 I put this all together in a speadsheet that included my offer at 1% lower than the recommeded offer from www.roadcompanion.ca. My speadsheet showed the dealer invoice and my offer and the profit the dealer would make. I gave it to the salesperson when I went on my test drive. I told her to work the numbers and have an offer for me when I came back. Tell them to work the numbers assuming no financing and no trade in. When I came back the Sales Manager met me and said he'd meet my number + $64.00. Yup, that's right. $64 more than my first offer. He said, no point wasting your time by having the sales person be the middle man since I had all the numbers.) He walked me through the offer. (You should only be negotiating the MSRP. The top number before add-on's etc.). We agreed on the base price, then we added some accessories, then I provided my trade in print out of the autotrader prices and Black Book, they inspected my trade in and I got my trade in price. We then discusses leasing off the new base price less trade in plus taxes which was now lower than the posted monthly lease. I passed on the financing though. RBC Buy-Back Loan gives a much higher residual value that Acura does and that makes a big difference on total interest paid over the term and lowers the monthly payments. Check out https://www.rbcroyalbank.com/RBC:Q1qmgo71A8YAAIlSQQA/cgi-bin/personalloans/carloans/lh3.pl- ?BBVSOCL=True
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Replying to: coa1 (Oct 21, 2005 9:09 pm) |
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Replying to: mrtommyboy2000 (Oct 24, 2005 3:13 am) I wasn’t even aware that it’s possible to get financing for a lease from another source. I’m not doing a trade-in though, this is my first car. I chose to buy and I can’t decide if investing in the Acura Plus (7 year warranty) for 1500$ extra is worth it. I’m glad I came across your post and I love your tactic. I’ll try making a spreadsheet and taking a copy of the invoice along. I hope my results are as good as yours. Thanks for the help Claudia
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| BTW, in Canada, Leases have to state the interest rate, not the money factor like in the US. Remember though that a lease with a lower interest rate may not be as good as a lease or buy-back loan with a higher interest rate if the residual value of the latter is higher. In the case of the 2006 Type-S in Toronto, third party residual rates from at least RBC is higher than the dealership plan. | |
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Replying to: claudia4 (Oct 24, 2005 11:06 pm) I haven't checked in Canada but in the US you can buy an extended warranty from a third party instead of the dealer. This is recommended according to Consumers Reports and other. I passed on the dealer ext. war. Will wait a couple of years and re-assess. BTW, if you want my speadsheet, update your profile with an email address and I'll send it to you.
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Replying to: mrtommyboy2000 (Oct 26, 2005 12:29 pm) According to this link http://www.carbuyingtips.com/warranty.htm there is only one Canadian third party warranty company. If I find others I will let you know. BTW, did you look into the Mitsubishi Eclipse before deciding on the RSX? |
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