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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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#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?
#684 of 796
Re: July Incentive Changes? [mplshondadlr] by jfritsch
Jul 27, 2008 (6:21 am)
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Replying to: mplshondadlr (Jul 26, 2008 1:14 pm)

This is laughable. Published invoice figures for many autos have been nominal figures for many years. This is especially true for the last few years on trucks. Trying to take a calculator and determine dealer cost is silly because you don't know their cost. Honda is especially notorious for advertised and unadvertised dealer incentives (no factory to consumer rebates at all).
 
Many are purchasing Ridgelines from dealers used for under kbb *trade in* (not dealer retail) price. A year or so ago a 1 yr old Pilot or RL could be traded for around 10k less than original msrp. You may be lucky now to trade for 14k off msrp. The Ridgeline usually sold in july-august for 6000 off msrp. (a bit more for the higher trims) 10k off now with the market miserable is not unreasonable.
 
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.
#685 of 796
Re: July Incentive Changes? [bolivar] by mplshondadlr
Jul 28, 2008 (1:55 pm)
Reply

Replying to: bolivar (Jul 27, 2008 12:12 am)

If they don't sell you a Ridgeline RTX for $22K plus TT&L -- they're a fool. For the record our dealership is selling the Ridgeline RTX $22150.00 plus TT&L.
 
Dont listen to other people, you can not get $10000 off the MSRP. If you hold out for that kinda pricing, you'll be a forever shopper, never a buyer.
#686 of 796
Re: July Incentive Changes? [mplshondadlr] by jfritsch
Jul 28, 2008 (2:16 pm)
Reply

Replying to: mplshondadlr (Jul 28, 2008 1:55 pm)

The RTX seems to sell fairly well, with the hitch and all it seems to be a sweet spot. For the other trims, (including the low end RT) getting the bids end of month and holding out may surprise you. You do want 10k off the RTL, Possibly the RTS and the navi if you can get it. (the navi models seem to sell out soon) You may not get iti in your area but the concept that 10k off (especially including favorable financing) is pie in the sky is mistaken.
 
If they don't sell you a Ridgeline RTX for $22K plus TT&L -- they're a fool. For the record our dealership is selling the Ridgeline RTX $22150.00 plus TT&L.
  
Dont listen to other people, you can not get $10000 off the MSRP. If you hold out for that kinda pricing, you'll be a forever shopper, never a buyer.

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