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You are in the Prices Paid - Buying & Leasing Experiences
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Honda Element, Wagon, SUV
#421 of 750 Caution:Bad Leasing Deals in Las Vegas
Aug 21, 2005 (4:16 pm)
Caution:Bad Leasing Deals in Las Vegas:HondaWest in Las Vegas sent me an internet only price on a new 2005 Element LX FWD Automatic-Galapagos Green, exactly as I wanted to lease it-no extra add-ons at $16,739 plus tax,doc.fees.They used a 43% residual for 48 months, with a money factor of .0024. I had a trade-in-2004Mint Cond.Civic EX-loaded car with only 15,500 miles. When they couldn't deceive me on the trade,they quoted me: $368.73 for 47 months plus $965 due at lease signing. THAT INCLUDES MY TRADE-IN. AT THE END OF 48 MONTHS I WOULD HAVE PAID AMERICAN HONDA: $18,295.31!! FOR THOSE OF YOU WHO KNOW HOW AUTO LEASES WORK, OBVIOUSLY THIS IS AN EXORBITANT QUOTE. (Their first quote for a 60 month lease would have me paying $21,031.00 at lease end.) THESE GUYS ARE NOT RESIDUALIZING THE CAR. THEY ARE TRYING TO GET CUSTOMERS TO LEASE THE CAR FOR ITS FULL VALUE, AND THEN THE DEALERSHIP WILL RESELL THE CAR WHEN IT IS TURNED IN AT LEASE TERMINATION!!
Shack-Findlay and Desert Honda quotes were equally inflated!!
I obviously will not lease or buy a Honda Element in Las Vegas. My advice to prospective Honda Element leasing customers in the Las Vegas area--BE VERY CAREFUL, DO YOUR HOMEWORK BEFORE GOING TO THE DEALERSHIP, AND BE ON GUARD!!
#422 of 750 Re: Best price on Element LX in the San Francisco/bay area? [ralphwiggum]
Aug 21, 2005 (4:26 pm)
If you can find the '05 Element LX that you want with Internet pricing, (FWD v.4WD, Automatic v.Manual, don't pay more than $100 over invoice.Remember, even at invoice, they are still making their holdback, selling a unit, and getting a kickback for financing your deal through the dealership. You'll receive quotes up to $800 over invoice, try not to fall for such foolishness.The Honda Element 1.9A.P.R. for up to 36 months remains available through 9/6/2005, with a 700-720 FICO score.You should not count on a better deal at the beginning of 2006 on a 2006 car. If you are leasing, then this is the best time to make a good deal, but it you're financing, you may not want the already one year old 2005.
#423 of 750 Re: Best price on Element LX in the San Francisco/bay area? [abigail]
Aug 23, 2005 (10:35 am)
What would be the most you would pay for an Automatic EX four wheel drive Abigail? What could I expect to pay if I really take my time and go for the best deal?
#424 of 750 Re: Best price on Element LX in the San Francisco/bay area? [pjkdog]
Aug 23, 2005 (12:59 pm)
Paul- It's going to be hard to match CA pricing in Western PA. I just got back from San Diego, and there were Elements everywhere! In comparison, I've seen no more than a handful trotting around Shadyside... including mine. At any rate, 1% over invoice works out to around 200$. While a better deal could possibly have been found elsewhere (read: Ohio), I found the convenience of buying locally worth the difference. In theory, they could be had for at or below invoice since Honda has a 3% (of MSRP!) holdback. That's about 6-700$ to the dealer if they sell it at invoice. Keep in mind that in order to get holdback, some dealers have to sell within a time of taking delivery. Therefore, the clock is ticking and time is in your favor. I believe this is usually around 90 days. A friend in SD said that dealers there are trying to use the cost of transporting vehicles as an excuse to charge more for obtaining a vehicle for you that's not in stock (by a dealer swap). I'd be surprised if they don't try this out here too...
#425 of 750 ESTIMATE BEST PRICE FOR AWD EX ELEMENT
Aug 26, 2005 (6:38 pm)
ESTIMATE BEST PRICE FOR AWD EX ELEMENTPaul,
Honda West in Las Vegas wrote a quote for me on the '05 Element LX FWD at $124 BELOW INVOICE. The salesmen want to make their bonus now, and the holdback does not affect them. Their price to BUY that car, NOT LEASE IT, was $16,739 + doc.fees,registration, and I wanted the sidesteps-$550 installed.I refused to take their "Protection Package"-they doubled the cost on it from another dealership-to $189.(I called American Honda about these protection packages, and I was told to stay away from them, by Honda.) However, although I specifically said "lease", they only wanted to sell me the car. I can't figure out their reason yet, but I have one source to ask, and I will. I wonder if they don't want Elements back when a lease terminates, because of how people beat them up.
If you're looking to buy an '05 Element EX now, the invoice is about 20,100-tell them you'll pay invoice, nothing more, and add whatever extras you may want. I've never paid more than $100 over invoice-and that's my top number. Good Luck!
#427 of 750 HORRIBLE BUYING EXPERIENCE: HONDA OF GREELEY
Sep 27, 2005 (10:06 am)
If you are considering it, DON'T. I've had a horrible experience with them. We agreed on a price, I received a signed contract, rented a car, drove to Greeley(8 hours!) and they raised the price! Oh yeah, when we agreed on a price, I made a down payment to hold the color I wanted, which he said they had on the lot, and they sold it out from under me! I had to wait for them to order in another! PLEASE DO NOT GIVE THESE CHEATERS YOUR PATRONAGE!
The out-the-door price I finally paid was $21,528.94 for an '05 EX AWD, that includes a 6.6% tax.
#428 of 750 05 EX AWD AT, $19478 + doc, dmv and tax, bay area CA
Sep 28, 2005 (7:21 pm)
Did the internet quote thing. Marin Honda got my business for $19478 + $45 doc fee + tax + DMV. I had two other dealers at $19488 but those two didn't have many in stock so the color selection was limited. Marin Honda had all the colors except blue. I got a green one.
That's $590 under invoice.
#429 of 750 ripped off
Sep 28, 2005 (8:11 pm)
I really should have read this post before I went to the dealership. We were going to get a Mazda 5 but then they just had a recall and arent selling anyright now. So we decided to stop by the honda dealer. We had been looking at Elements before and the one color we like, silver with blue was right in the show room.
Well we ended up buying a EX automatic with side step and an keyless starter for 20k, the kicker is that it had 2,135 miles on it from being the demo. Were we ripped off and can we get another one?
#430 of 750 ripped off
Sep 28, 2005 (8:12 pm)
p.s. located in NJ