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Prices Paid: Buying & Leasing Experiences Honda Ridgeline Prices Paid and Buying Experience
796 messages, Last post on Nov 10, 2009 at 6:21 PM
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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?
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Replying to: sethnaga (Aug 21, 2008 4:19 pm)
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Replying to: mplshondadlr (Aug 21, 2008 5:07 pm) |
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Replying to: sethnaga (Aug 21, 2008 4:19 pm) |
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Today I purchased an RTX for 21950 OTD. Here is the price breakdown Truck Price: 20650 Tax, Tag:1300 Total out the door:21,950 I also got 0.99% financing for 36 months
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Replying to: sethnaga (Aug 23, 2008 12:17 pm) 1% apr for 36 was just icing on the cake |
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| 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. | |
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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. |
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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.
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Replying to: straussian (Aug 27, 2008 2:03 pm) For us, we just built a brand new 30 million dollar store. It's not cheap to build a nice facility that should last 30 plus years while also creating a warm and inviting enviorment that is up to Honda specs. Meanwhile, other Honda dealerships in Minneapolis have aged facilities with 25% (or less) of our overhead, so these dealerships can really offer better deals. The lower the overhead the less profit needs to be made. Less profit equals a better consumer deal. "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." That really doesn't happen. If you think we're making $4000.00 on a car, you're WAYYYYYY off base. At least in Honda - Chrysler or GM, maybe. However none of this means anything to you. You are a consumer, looking out for number one: YOU. I don't blame you. As a consumer I do the exact same thing. Except I tend to pay more for good service. For me, it's not always about price. Anyone can cheap sell you something, that doesn't mean they have a right to earn your business. I'm more then happy to pay a bit more to buy from a place that is well kept, where the people are well trained and friendly. Again, thats just me. Good luck and happy shopping. Oh, BTW - I just bought a black RTX for $22999.00 plus TT&L AND got 2.9% for 60 months.
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