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Prices Paid: Buying & Leasing Experiences Honda Ridgeline Prices Paid and Buying Experience
795 messages, Last post on Nov 09, 2009 at 9:25 AM
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Located in Western Iowa, area dealer hit my bid last night on a new 2008 Ridgline RTS for 22,800 all in (includes all his bogus fees etc). Am glad I bought the truck and have it now, but feel if I'd waited until Sep 30 (end of quarter) could have gotten it for 21,000. Been tracking inventories in my area from dealer websites past 2 months, and it is an absolute train wreck waiting to happen out there before the 2009s come out. Based on July sales pace in my area there is 22 months of inventory among the 5 dealers within 150 miles of me.
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Replying to: sbddrj (Aug 01, 2008 4:58 pm) Nice -- I'm creating fear? What ever, take the tinfoil hat off. My dealership has just three Ridgelines left for the 2008 model year. Thats it, nothing else in-bound. In the Minneapolis area there are fewer then 25 2008 Ridgelines left to serve 3+million people. Right now every Honda dealer is offering the Ridgline $5300.00 UNDER invoice which is close to $8k off of MSRP.
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Replying to: mplshondadlr (Aug 02, 2008 11:30 am) As far as my comment, you siad "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." As far as I am concerned, if I do not see $10,000 off MSRP and I don't get to buy one, then that is fine as well, as I won't be the loser in the end. Even at $10,000 off MSRP, I would be taking a big hit in resale value later, but I would feel I got a quality vehicle for a "reasonable value" considering the economic conditions. I think $10,000 off MSRP is possible, considering consumers have been getting $7,000 - 8,000 off MSRP religiously for the past couple of years. Now that gas is up big, and we are in a recession, then I would say $10,000 off MSRP is fair. If Honda takes a hit, then maybe they will hire a better economist to manage supply and demand.
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Replying to: sbddrj (Aug 02, 2008 12:30 pm)  Regardless, you're going to continue to think what you want no matter how much I try to educate people about actual costs. Here in the Twin Cities we may have fewer available because we have a climate for 4wd vehicles. Afterall, our winters last from late Ocober to mid April  "My question to you is would you pay top dollar on a Ridgeline trade-in, or even above KBB trade-in value?" No. But the more you reduce the selling price of a new one, the more you reduce the wholesale value of a used one. At some point the market will adjust. "Honda would be a lot better off with the Pilot and Ridgeline if they would just price them really competitively up front, limit supply, and not offer any dealer incentives at all, other than maybe sales incetives for selling the most in your region or something." I AGREE! Lastly, we are not in a recession, last quarter the United States experienced 1.9% growth and gas prices are falling as we speak. As you know, we have to have to quarters of negative growth yo be in a recession. As I said earlier, $8K off MSRP for a Ridgeline is still an awesome deal! Thanks for the conversation. I hope you'll get your deal and become a happy Ridgeline owner 
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For those of you that are pricing or have just purchased a Ridgeland what has been the best combination of price below MSRP and interest rate. You would need to give us a term to balance it out. I want to purchase one in Georgia and the best I've been given is right at 8K below MSRP and a rate for 48 to 60 months of 4.75. Thanx, T-Bird |
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Replying to: bikerhiker (Aug 01, 2008 6:16 pm) Care to share the name of the dealer? I got no where near that at the end of July from Dealers from Kansas City to St. Louis. Thank you.
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Replying to: tdbrph (Aug 03, 2008 8:48 pm) |
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Replying to: mplshondadlr (Aug 02, 2008 12:45 pm) Honda's (or any other nameplates) discounts do not reduce wholesale prices, or the other way around. A weak demand in the used market usually indicates a weak demand in the new vehicle market. The ridgeline had a trade in value since its intro of about 10000 from msrp. Thats where the used ones would move. Honda found it had to discount the (majority) of the new stock 6000 around july to clear the way for the new RL's (and pilots) The dodge Ram 1500 msrp 40000 has a trade in value of 20000 12 months after purchase. They regularly sell for 12000 off all year (to people who don't buy many cars and can't believe 12000 off) and for 15000+ off to those a bit smarter. Still deals nothing to write home about. Thousands of knowlegable wholesalers making bids on what the car actually demands in the marketplace in as new condition as possible (about 12 months) shows a much different picture. MSRP is a figure concocted by marketing and printed on a piece of paper. Why would honda put a 31000 msrp on a Pilot for years that they could only move most for in june for 24000? Why did they sell many of the 24000 msrp 07 accords for 20000 or less? Why no customer $2000 rebates on tv? (other than the so called brand image a smart move if one can do it). Simple. Research (actually dealers know) has shown for years that about 20%+ of walk in buyers (non internet with few or no compeitive bids from other dealers) pay msrp. Admittedly this may contain its share of $100 wheel lock and undercoat packages for $1000 included in this. Most car buys are also made during some sort of duress. This has been true for years. Walk in buyers may provide less than 40% of a dealerships unit sales but 60-70% of the profits. Also in a perverse sort of way buyers who get deals on the better end of the spectrum give mediocre to poor buyer surveys while people who get royally screwed tend to report the best "buying experiences". Pay $5000 more than the average guy for a vehicle and 4000 for extended warranty, wheel locks and vin etch and "pro pack", finance for 72 months at 8% with great credit and I guarantee one will be bragging about how quickly they were processed, the whole experience was "painless" , how floor mats,cargo tray, net etc were just thrown in and the whole experience took less than half an hour!. Our salesmen took a whole hour to demonstrate all the features and took us all to Mcdonalds! He filled our glovebox with his best glossy cards to give to our friends who he hopes are as good cultured and intelligent customers as we are! I would highly recommend ACME motors of Walla Walla Washington and gave them great marks on the factory's dealer survey. We even wrote in great comments about our salesman Jerry's great attitude in his struggle with his Wife's illness and child's cerebral palsy (In actuality, the picture on Jerry's desk came with the pictureframe) Any attempt by any manufacturer exec to reduce msrp's to reflect "real world" values would not only be impractical in most cases (sales vary greatly by region) but would wind up with said exec winding up with Hoffa. 8k off a Ridgeline is in no way a giveaway. 8500 off a pilot this summer either. Most of the inventory accumulated until June and was blown out at 6000-7000+ off msrp for years, and this was with $2.00 gas. (Still, about 25% of the inventory moving close to msrp the 1st 6 months) 10000 off msrp is more like it (probably possible including cash and favorable financing on the RTS and above trims) and no great shakes for a likely trade value in 12 months of 13000 off sticker if lucky. They only make 50000 of this niche vehicle a year, so maybe they might be able to finesse the inventory down, but the SUV mkt is against them. Obviously shoot for as much off as possible within 200 miles of your locale and take the best bids you can get if your really want one. Just don't buy it because at 8000 off it is a great once in a decade bargain you can't pass up because it isn't at that price. Good luck --jjf In order to get 10k off MSRP Honda would have to offer $6500.00 in dealer cash. I doubt very much they would ever offer that kind of money Regardless, you're going to continue to think what you want no matter how much I try to educate people about actual costs. Here in the Twin Cities we may have fewer available because we have a climate for 4wd vehicles. Afterall, our winters last from late Ocober to mid April "My question to you is would you pay top dollar on a Ridgeline trade-in, or even above KBB trade-in value?" No. But the more you reduce the selling price of a new one, the more you reduce the wholesale value of a used one. At some point the market will adjust. "Honda would be a lot better off with the Pilot and Ridgeline if they would just price them really competitively up front, limit supply, and not offer any dealer incentives at all, other than maybe sales incetives for selling the most in your region or something." I AGREE! Lastly, we are not in a recession, last quarter the United States experienced 1.9% growth and gas prices are falling as we speak. As you know, we have to have to quarters of negative growth yo be in a recession. As I said earlier, $8K off MSRP for a Ridgeline is still an awesome deal! Thanks for the conversation. I hope you'll get your deal and become a happy Ridgeline owner
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Replying to: jfritsch (Aug 04, 2008 11:15 am) All I'm doing is sharing information, and trying to dispell some of the vast misinformation spread on this board. If you do not like/need the information, don't read it. I have been with Honda for six years and have no reason what so ever to misrepresent anything here on this board. None. |
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I guess I will hold out for the 2009, it's worth the wait.   50 Significantly Changed and New Features Exterior Styling and Features Grille (design) Front bumper (design) Rear bumper (design) Headlight (color) Taillight (color) Bed tie-downs (two additional, eight total) Integrated trailer hitch (new for RT, RTS and RTL) 7-pin trailer wiring connector (new for RTS and RTL) Daytime running lights (new) Three new exterior colors Fog lights (RTL) 18-inch Alloy Wheels (RTL) 4WD emblem (design) Powertrain Horsepower and torque (increased) Magnesium dual-stage intake manifold (previously aluminum) Camshaft (tuned for low-end torque) Intake valves (larger) Starter motor (ultra-fast) Transmission gear ratios (lower for better acceleration) 6-degree crank pulse sensor Airflow meter within the air intake tract Optimized engine block coolant passages New EGR valve Interior Styling and Features Steering wheel design 3-D-look speedometer, tachometer and IP meter designs New front seat active head restraints New trip computer New MP3/WMA compatibility Auxiliary audio input jack (RTS and RTL) Cloth seating materials (RT and RTS) New black interior color Power lumbar support (RTS) Carpeted floor mats (RTL) New integrated rearview camera (RTL w/Navi) New Bluetooth HandsFreeLink (RTL w/Navi) New multi-information display (RTL w/Navi) Interior color schemes (revised) Air conditioning controls (more ergonomic) Air condition display (larger icons) Clock display (enhanced) Headlight switch (recessed, more ergonomic) Door handle design (more integrated appearance) Sunroof button (improved) Cruise control button (improved) Accessories New motorcycle bed extender New bed-mount bicycle attachment New 18-inch accessory wheel New Bluetooth HandsFreeLink adapter Accessory grille (restyled) New Front lower air deflector
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