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Prices Paid: Buying & Leasing Experiences Honda Ridgeline Prices Paid and Buying Experience
724 messages, Last post on Aug 28, 2008 at 8:11 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: boughtone (Mar 29, 2005 1:02 pm) |
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Replying to: jerseybubba (Mar 27, 2005 7:56 pm) |
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Hi to everyone, To all getting their Ridgelines below invoice congratulations for your patience. Enjoy this awesome truck. I would like to solicit some info from our forum members who are good in getting bargains. Those who get their Hondas and Toyotas way below invoice. An hour ago I was at a Toyota Camry forum. One guy from Florida was sharing his well executed buying experience. His source was fax attack he found from goggle, which unfortunately I can't find after an hours research. These are the figures he played (nos. involve b4 the price increase). Toyota Camry LE msrp of $22,223, which he got out of the door $17,970.46.The price had a built in profit off 2-3% for the delear.He added only taxes of 6.5% $1,1745 and tags for $100.The out of the door price was $19765. Since I wasn't able to find the article outlining how to get prices below invoice yet giving the car delear a profit of 2-3%, I tried playing with the above figures $17,970.46 divided by $22223 = 0.8086423. Doing the reverse. I multiplied the msrp $22,223 x 0.8086423 = $ 17,970.46.Is it safeto say that multiplying any Toyota or Honda msrp by 0.8086243 + $100 for tags + taxes = fair price for buyer and a delear profit of 2-3%.If this formula works then gone are the days of haggling at invoice prices, no more delivery fees,etc, etc. Toyotas are enjoying brisk sales, while Honda is on a slump.Both have boring cars yet Toyota is willing to bargain rather than let a car rot on the lot, I hope Honda will follow suit. Anyone out their who encountered the same aricle from fax attack which teaches one how to figure a fair price below invoice yet allow a 2-3% profit.I understand though that the possibility of this bargain has to include end of the month purchase and purchase made on slow sellers.
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Replying to: 55535432 (Mar 30, 2005 10:16 pm) That says it all.......It's all about supply and demand.
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| For those in the Northeast - check out http://www.autofair.com. Autofair has no-haggle pricing on all their cars. I've been watching them closely since the Ridgeline debut. They initially had 2 or 3 in stock, with no discount off MSRP. Now they have 7 in stock, with $800 discount off MSRP. | |
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| Got mine at Madison Honda. | |
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Replying to: mikefm58 (Mar 31, 2005 5:30 am) No matter how plentiful the supply / low demand is, anyone depending on the invoice only can be taken for a ride. Supply and demand is too overated, it does not guarantee the best deals anymore. 
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Replying to: kirstie_h (Mar 07, 2005 5:33 pm)
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Replying to: saber (Mar 31, 2005 10:58 pm)
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Replying to: saber (Apr 01, 2005 3:44 am) I am interested to know if you traded anything in. If you do not you would appear to be the only person in the world that would have accomplishe that price so far. |
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