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Stories from the Sales Frontlines

47909 messages,  Last post on Nov 26, 2009 at 9:59 AM

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What is this discussion about? Car Buying


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#31 of 47909
Well, the Prices Paid forum sure helped me by bobst
Feb 15, 2006 (12:08 pm)
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When we bought Hondas in 1995, 1997, and 1999 we always had to pay $150 or $200 over invoice. Otherwise, our offers were turned down.
 
We were going to buy a car last March, so I checked the Prices Paid forum and found a couple people who claimed they got their Accord for $500 under invoice with no doc fee. I couldn't believe it, so we drove to Fairfax Honda, offered $500 under invoice, and they accepted.
#32 of 47909
I'm not saying... by mirth
Feb 15, 2006 (12:29 pm)
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...they have no value. I'm just saying you have to take them with a grain of salt.
#33 of 47909
Prices Paid Forum works. by jipster
Feb 15, 2006 (12:41 pm)
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The people who ask, "Did I get a good deal?" probably didn't do their research in the first place. Otherwise, they would know whether they got a good deal or not.
 
If they can go to a Prices Paid board and type in, "Did I get a good deal?" AFTER they buy, they can certainly go to Edmunds TMV and read other posts in prices paid to get a general idea of what a good deal is BEFORE they buy.
#34 of 47909
Re: Well, the Prices Paid forum sure helped me [bobst] by deadeye1950
Feb 15, 2006 (5:06 pm)
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Replying to: bobst (Feb 15, 2006 12:08 pm)

I'm assuming they were going after a unit bonus which would explain taking the hit. You know, $300 a car back to car one if you hit your number. Just a thought, John
#35 of 47909
Re: Prices Paid Forum works. [jipster] by isellhondas
Feb 15, 2006 (5:21 pm)
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Replying to: jipster (Feb 15, 2006 12:41 pm)

Good advise, except some of the "Prices Paid" never happened. Then they go out armed with incorrect information and get frustrated when those numbers weren't attainable.
 
Or maybe they DID happen...like someone else said, the store needed two more cars on the 31st of the month to earn a bonus of some type so they caved in and lost a few bucks to earn a bunch more.
 
Or maybe they underallowed on the trade in or just maybe the trade was an extra sharp, popular car that they knew they would be able to sell for a healthy profit?
 
It's good to be a knowledgable shopper but there can be a lot of variables to consider!
#36 of 47909
Re: Well, the Prices Paid forum sure helped me [deadeye1950] by bobst
Feb 15, 2006 (5:58 pm)
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Replying to: deadeye1950 (Feb 15, 2006 5:06 pm)

Your thought might be interesting, John, if I had any idea what you were saying.
#37 of 47909
Re: Prices Paid Forum works. [isellhondas] by jipster
Feb 15, 2006 (6:42 pm)
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Replying to: isellhondas (Feb 15, 2006 5:21 pm)

No doubt many posts "never happened". You sales guys read the prices paid forum quite a bit, and probably have a better idea than I do of how many are bogus posts. But,I would make an educated guess at about 5-7%. With a higher % not telling the complete story. It seems the most questionable posts are: those that pop up out of nowhere,from a first time poster who does not follow up, little to no info in profile, have a price significantly higher or lower than the norm, the post is lacking in details, and it just doesn't sound right... different than the others.
 
I think most people who read Prices Paid forums often enough can generally tell which ones to weed out and which ones to accept.
#38 of 47909
Re: Well, the Prices Paid forum sure helped me [bobst] by mackabee
Feb 15, 2006 (7:04 pm)
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Replying to: bobst (Feb 15, 2006 5:58 pm)

Bob, what John is saying is that the day you bought your Accord the dealership was probably a car or two away from hitting a sales goal from the factory. For example: Your sale would be Accord number 49 and the stores goal was 50. So the store figured we can lose $500.00 on this one and break even on the next one (Accord #50)or make a profit. So at the end of the month when they report all their Accord sales to the distributor and reached the 50 Accord sales, the distributor will cut the dealership a check for $15000 or more depending on the final number over 50. The sales managers may share in this "bonus" or it may just be for the dealer principal. So to illustrate, they lost $500.00 to sell you a car but made $14,500.00 in the end. Not bad heh? Wish I would have been a dealer principal.
  
    Mackabee
#39 of 47909
Re: Well, the Prices Paid forum sure helped me [mackabee] by bobst
Feb 15, 2006 (7:39 pm)
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Replying to: mackabee (Feb 15, 2006 7:04 pm)

Thanks for explaining that in English, Mack.
 
By the way, the 2005 Accord is much nicer than the 1999 model. The steering is easier and the clutch takes much less effort. It doesn't even have all the rattles I was afraid of - knock on wood.
#40 of 47909
Prices Paid Forums by kyfdx HOST
Feb 15, 2006 (8:12 pm)
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I'd say over 90% are "true", to the best knowledge of the person posting..
 
Details are often left out.... Any post with a trade-in obviously is hard to evaluate.. Some people don't even understand their own deal, or how much they paid.
 
But, as jipster says... if you read them enough, you can get a good feel for which ones offer information that you can use..
 
You can get a lot more information there about real prices, than anywhere else.. After all, without those forums, I'd have to assume that the Honda dealers are sold out of almost every model and that they sell all units at MSRP!!
 
regards,
kyfdx
Host-Prices Paid Forums

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