Last post on Dec 31, 2011 at 7:09 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Ridgeline, Truck
#711 of 840 Re: 2009 Prices and Colors [ida4128]
Aug 18, 2008 (6:40 pm)
you won't see big incentives on the '09's until the '08's are significantly thinned out.
I'm guessing the '08's will be heavily discounted in the fall when you would typically see few remaining.
MSRP for the Ridgeline didn't last much past the initial release of the vehicle. I think Honda misjudged what the masses would be willing to pay for this truck - and that was before the sudden rise in fuel prices.
#712 of 840 RTL+Navi = 9366 below MSRP
Aug 21, 2008 (4:19 pm)
This is the best I got so far :
Offered price for an RTL with navi :26394+TTL. (MSRP:35760) -$9366 Below MSRP
Offered price for an RTX is 20650+TTL (MSRP 29170) - 8520 below MSRP
The price above include all fees (Doc fee, Dealer fees etc). Only extras are Tag, Tax and title
Is this a good deal?
#713 of 840 Re: RTL+Navi = 9366 below MSRP [sethnaga]
Aug 21, 2008 (5:07 pm)
How much is the DOC fee?
#714 of 840 Re: RTL+Navi = 9366 below MSRP [mplshondadlr]
Aug 21, 2008 (5:41 pm)
No extra Doc fee; Every fee is included in the price above
#715 of 840 Re: RTL+Navi = 9366 below MSRP [sethnaga]
Aug 22, 2008 (11:28 am)
The RTL w/Nav is a great deal, but I'm holding for the 2009.
#716 of 840 Just bought an RTX for 21950 OTD
Aug 23, 2008 (12:17 pm)
Today I purchased an RTX for 21950 OTD. Here is the price breakdown
Truck Price: 20650
Total out the door:21,950
I also got 0.99% financing for 36 months
#717 of 840 Re: Just bought an RTX for 21950 OTD [sethnaga]
Aug 25, 2008 (8:01 am)
you did great imo
1% apr for 36 was just icing on the cake
#718 of 840 Ridgeline Inventory
Aug 26, 2008 (10:29 pm)
I checked the Ridgeline inventory in the Phoenix area via the cars.com link mentioned in other posts. I am only able to get the inventory of four of the eight dealerships in the area. Any ideas on how to get the other four inventories? The '09 is due out on 9/3. If anyone has the '09 msrp info, please share on how to obtain it. I may have to wait until Edmund's shows it, hopefully next week.
#719 of 840 Ridgeline RTX prices in DFW area
Aug 27, 2008 (1:05 pm)
I am shopping for a Ridgeline in the Dallas area. I have the most interest in the RTX version.
Using the Edmunds price quote function today, I have so far received RTX "bids" of $22,033 and $21,133. One specifically says (and I believe it is true for both) that it includes destination charge. I see the MSRP with Destination Charge is $29,170 according to Edmunds. Bottom line: with almost no work at all we are at $8,000 off MSRP.
However I prefer to ignore MSRP and just get as many "bids" as possible and then work down from there. As far as I am concerned, invoice and MSRP are meaningless--just find out the real world price through multiple "bids" and negotiate from there.
I do believe in the old advice about shopping at the end of the month or end of the quarter, buying at the end of a model year, etc. Buying a car involves micro- and macro- economic decisions whether I know about them or not.
#720 of 840 Floorplanning and the meaninglessness of Dealer Invoice
Aug 27, 2008 (2:03 pm)
By the way, I feel compelled to ask mplshondadlr a question: You mention "Dealer Investment" when talking about what a dealer pays for a car that he sells, but isn't it true that the vast majority of cars are floorplanned? That is, isn't it true that dealers don't buy a car for $20,000 and then sell it for $25,000, instead dealers pay Honda or a bank a monthly fee to have the cars sit in their showrooms and when a sale is made the dealer pays for the car?
I may not have made it clear, but the point is this: Dealers "invest" almost nothing in the cars they sell (though they obviously pay a great deal to have the infrasctructure surrounding all those cars they don't own).
The bottom line is that if I spend $1,000 to have a car sit on my lot, sell it to you for $25,000, then pay Honda $20,000 for the car only after I have received the money from you then I am making a very, very high return on my investment--$1,000 invested (the floorplan fee) returned me $5,000 in a few weeks or months.
The obscurity of floorplanning will sometimes lead to the following sales pitch:
A salesman says, "How much profit should a dealer make?" Hoping you will say a "low" figure of 5%, he will happily take the "dealer invoice" and add 5%. Or he might say, "Shouldn't car dealers make as big a profit as a grocery store?" Grocery stores are famous for low margins on their inventory. The salesman will want to show you the "dealer invoice" and add a "reasonable" profit--all of which is meaningless if you know about floorplanning.
I will let the dealer worry about his profit while I worry about getting the best price.