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Honda Ridgeline Prices Paid and Buying Experience

796 messages,  Last post on Nov 10, 2009 at 6:21 PM

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What is this discussion about? Honda Ridgeline, Truck


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#674 of 796
Re: July Incentive Changes? [07exlres] by tbone0103
Jul 21, 2008 (5:44 pm)
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Replying to: 07exlres (Jul 01, 2008 6:33 am)

Any word on upcoming incentives for purchasing a ridgeline??? I live in the dallas area and am looking to purchase a ridgeline in the next 4-5 weeks. Anyone have any tips for getting the best "deal"?
#675 of 796
Re: July Incentive Changes? [tbone0103] by aspesisteve
Jul 22, 2008 (6:34 am)
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Replying to: tbone0103 (Jul 21, 2008 5:44 pm)

tips for getting the best deal on a Ridgeline?
 
you've come to the right place.
 
just scroll back a few posts - it's all here
#676 of 796
Re: July Incentive Changes? [aspesisteve] by sunmail
Jul 24, 2008 (8:44 am)
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Replying to: aspesisteve (Jul 22, 2008 6:34 am)

I hit it hard looking for a Ridge middle of this month. I agree with JF's 6/20 post on "how to" using the net. Some will actually quote via net, others just use the web to try & set up a sales appt. A dealer ea in Tampa & Jacksonville pitched a lifetime power train warranty. Maybe if you're top dog in a region your allowed to do so. Something else tells me you're paying for it somewhere but if two deals are the same and one has it - sounds good. Another dealer in Tampa area came back immediately with what seems to be the obligatory $8K off sticker on a RTL. Watch out for the Honda marketing machine full bore at some dealers once you turn them on - relentless. Getting both $8K and 0% or 2.9% financing appears to be a regional thing. We are towards the end of month here and no new postings on what people are getting, should be reports soon. Dealer I went to had about 6 Ridge's out on lot but salesman fessed up to there being 30-40 at off lot storage. One RTL I drove had a 8/07 mfr date on it - wow.
 
This is new ground for Honda, having a huge supply of a vehicle and low demand. Since in better shape financially than most other car makers, maybe they can afford to meter this supply out at currrent discounts & sell rate until year end or beyond.
 
While I dug the Ridge and capability/features, bought a used '08 2 dr Jeep Sahara on Sat - not looking back. Would've been happy with either vehicle, the Jeep just pushed my buttons a little more this time around.
 
Just remember, when at a dealer, it's you against the dealer. They have a knack for making the worst deal sound good. Keep it on the phone & net and it's the dealers against one another - evaluate at your leisure.
 
Happy hunting, month end makes dealers do strange things - hit them hard!
#677 of 796
Re: July Incentive Changes? [sunmail] by aspesisteve
Jul 25, 2008 (8:04 am)
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Replying to: sunmail (Jul 24, 2008 8:44 am)

well said
 
I like the point of making it dealer vs. dealer, not the dealer vs. you.
takes some discipline and strategy, but very doable at the end of the month.
 
When I was haggling over a Ridgeline last year this time, I had dealers starting out at one price 2 days before the end of the month and by the last day they were duking it out for my business. My cell phone wouldn't stop ringing even while sitting at a dealer in his office. I've never seen paper work get done so fast - they were worried I was going to answer my phone and tell them they were going to have to match a lower offer. These guys didn't play any games with me knowing I had contacted several dealers near my zip code.
#678 of 796
Re: July Incentive Changes? [aspesisteve] by tbone0103
Jul 25, 2008 (9:47 am)
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Replying to: aspesisteve (Jul 25, 2008 8:04 am)

SO FAR BETWEEN ABOUT 5 DEALERSHIPS, THEY ARE QUOTING 25,200-26,500+TTL. SOME ARE INCLUDING THE AFTERMARKET PACKAGE OF TINT/PIN STRIPES/CARGO TRAY/WHEEL LOCKS/MUD FLAPS. ANY IDEA IF I CAN MAKE THEM GO LOWER THAN THIS BY WAITING UNTIL THE LAST DAY OF THE MONTH OR POSSIBLY AUGUST? SOME OF THE DEALERSHIPS HAVE TOLD ME THEY DO NOT HAVE ANY MORE 08 RTL'S COMING AND A FEW DO NOT HAVE THE COLOR I AM LOOKING FOR. A LOT OF DEALERSHIPS IN THE AREA HAVE GOOD DEALS UNTIL MONDAY(SO THEY CLAIM). SHOULD I BE WORRIED ABOUT INVENTORY LEVELS OR IS THIS A FRONT? ALSO, I HAVE A GOOD CREDIT SCORE AND WANT TO KNOW IF I CAN GET THE $$$ OFF MSRP AND THE LOW INTEREST RATES. SOME DEALERS SAY I CAN NOT GET BOTH BUT I HAVE HEARD DIFFERENTLY FROM A FEW FRIENDS.... SORRY FOR ALL THE QUESTIONS... THIS IS THE FIRST TIME I HAVE BOUGHT A NEW CAR THAT I PLAN ON FINANCING....
#679 of 796
Re: July Incentive Changes? [tbone0103] by jfritsch
Jul 25, 2008 (2:36 pm)
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Replying to: tbone0103 (Jul 25, 2008 9:47 am)

Last day of the month isn't frequently practical. Make it last 3 days. Get bids from 10+ dealers via email. Work the price down with the last 2-3 finalists. Don't get disracted by $150 worth of dealer cost crap. Your target should be around 8k off plus good financing or close to 10k or more. The market for these vehicles in most places is miserable. Go to cars.com and see how many new 08's show up in their search with 30-100 miles of you.
 
Good luck
--jjf
#680 of 796
Re: July Incentive Changes? [jfritsch] by mplshondadlr
Jul 26, 2008 (1:14 pm)
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Replying to: jfritsch (Jul 25, 2008 2:36 pm)

"Your target should be around 8k off plus good financing or close to 10k or more."
 
WOW - talk about setting an unrealistic expectation. Do you think there is a dealer in the world willing to take and actual $2000.00 - $3000.00 or greater loss to sell someone a car? Thats not to say that there aren't dealers out there willing to loss $250 - $500 real dollars, but $2000 - $3000 to sell a car? From a business standpoint, that makes ZERO sense.
 
I'm talking real world dollars here:
2008 Ridgeline RTX
$29135.00 MSRP
$26449.00 Dealer Invoice
-$855.00 Dealer hold back (2% HTB + 1% fixed cost adjustment)
-$4500.00 NON-sub vented dealer cash
=$21094.00 ACTUAL DEALER INVESTMENT. Which is $8041.00 off of the MSRP.
 
If you take the sub vented rate then adjust the selling price to $23404.00 which is actual dealer investment. That is still $6541.00 off the MSRP.
 
I understand advocating fantastic prices for consumers -- but lets keep expectations equal to reasonable value.
#681 of 796
Re: July Incentive Changes? [tbone0103] by aspesisteve
Jul 26, 2008 (1:33 pm)
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Replying to: tbone0103 (Jul 25, 2008 9:47 am)

t-bone,
 
you're getting some half truths from the dealer.
Yes, '08 inventory is probably already delivered for the year, but to think they might run out anytime soon of what's in stock would be false.
 
jfrtish prices might be the extreem - I don't want to say what's possible since I'm not the one out there buying. My guess is invoice - the $4,500 plus some or all of the dealer hold back depending upon how specific you are with the color and options.
 
I have never been able to get both the low apr and all the cash incentives at the same time - but some people say they have - who knows if they sacrificed on the actual cost of the vehicle.
#682 of 796
Re: July Incentive Changes? [aspesisteve] by tbone0103
Jul 26, 2008 (6:38 pm)
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Replying to: aspesisteve (Jul 26, 2008 1:33 pm)

So i did some more shopping around this evening and went to a dealership where the sales manager offered to do whatever he needed to do to get me into the ridgeline I wanted.. he asked me where he needed to be and he offered up 25,000 and 24,500 on an RTL w/o any aftermarket packages. He did not have the color I wanted and had to get the color from another store or the port. only aftermarket things I want are the moonroof visor($139), window tint($340), & door edge guards(120).... i have good credit 730-750 range..... Any idea if I could get 25,500 +TTL + 2.9% or less(according to some dealerships) financing??? Kind of have my cake and eat it to... but some of the sales guys seem pretty desperate.... Thoughts??
#683 of 796
Re: July Incentive Changes? [mplshondadlr] by bolivar
Jul 27, 2008 (12:12 am)
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Replying to: mplshondadlr (Jul 26, 2008 1:14 pm)

With the numbers you gave, I think $22,000 should buy that Ridgeline, which would give the dealer the holdback. He should sell it at this price, right?

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