Last post on Dec 08, 2013 at 9:33 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#32194 of 32203 Re: 14 accord exl v6 - very low quote [karhill1]
Dec 07, 2013 (9:09 am)
I hope this quote is legit - it might be a sign for Accord shoppers that this month is a great time to pull the trigger on a great deal.
#32195 of 32203 Re: 14 accord exl v6 - very low quote [gmanusmc]
Dec 07, 2013 (12:20 pm)
might be wise to polish up your Civic and put that for sale sign on it.
Just in case the 2014 Accord falls in your lap for a epic price..
You are in a position just sitting back waiting to see how pricing goes. Things could change quickly be ready..
Check to see what your cars worth, maybe ask around if anyone of your friends may be interested in buying it.
This may play out to be a very nice Christmas in the car dept for you.........LOL
#32196 of 32203 Finally pulled the trigger
Dec 07, 2013 (3:23 pm)
Well... I finally pulled the trigger for .... $26,950 on the 14 V6 EX-L (no nav). $1600 under invoice. Also got $1,650 worth of free accessories (wheel locks, splash guards, trunk tray, nitro tires, protection package - didn't even ask for these!). I think it was a fair deal. Dealer told me they are losing money on this and I may be responsible for the dealership closing (lol!). I think they still made $200-300 on the deal, plus it helps them hit the $3,000 bonus from Honda (which I was not aware of when buying the car). I ended up buying in N Va. after giving up on the NY/NJ/CT market - full of overpriced dealers who don't want to sell cars. Figure it cost me $200 or so to rent a car, drive down, and drive the new car up. Car is amazing and I am very happy with the purchase.
My advice to everyone is to reach out to as many dealers as possible and watch the prices come down as they get more desperate for your business. Just keep following up and negotiating down. You know you hit gold when the dealer tells you that they are losing money on the deal and have no idea why they are selling you the car, and that the dealership's own employees can't even get such a low price on the car. Name of the game is keeping their gross margin at the 1% level, because the difference goes into your pocket.
As far as the $3,000 bonus cash, not going to be easy to exploit. It's only on the first 20 cars above last December's sales. Many dealers will discount aggressively now and have surpassed that number by late in the month. You will need to find a dealer right on the cusp, and push them hard to split the $3k. Their accounting department may not play ball, as your deal will show up as a huge loss until they get the money from Honda. Good luck, and good hunting.
#32197 of 32203 Re: Finally pulled the trigger [veers]
Dec 07, 2013 (4:02 pm)
Congrats on the deal veers - enjoy the new Accord!
It cracks me up when the "we're losing money on this deal" card is played.
From what I have read about the 3000 incentive is that it's capped at 20% so if the dealer sold more than 100 units last year, they could make the bonus on more than 20 sales - i.e. 24 cars if they sold 120 last year and 144 this year.
Forgot to mention - great price by the way!
#32198 of 32203 Re: Finally pulled the trigger [gmanusmc]
Dec 07, 2013 (4:48 pm)
Yes - the conversation was surreal. From a computer screen showing me a $2800 loss (lol!), to telling me that they were losing money (hahaha!!! you guys sell a lot of cars at a loss?), to repeatedly asking me to look in the newspaper to see if the dealership was closing down in the next few days because of too many losses on sales like mine. It's all part of the game, they were playing the sympathy card to try and get me to pay $1700 for a limited duration extended warranty (2.5x the price you can get it for from hyunnai or whatever his name is). And I also got OEM mats. At least I got some good giggles and fun stories for my friends.... Sales staff was excellent btw, it was F&I where they pressure was applied. Still deciding if I should get get the 8 year 120k extended warranty for $1100. So many electronic systems that could fail...
#32199 of 32203 Re: Finally pulled the trigger [veers]
Dec 07, 2013 (6:18 pm)
Congrats! So which dealer did you end up buying from? What was their doc fee?
#32200 of 32203 Re: Finally pulled the trigger [nyccarguy]
Dec 07, 2013 (6:44 pm)
Fees were included in the $26,950 price. Would rather not give dealership name after my little inside scoop. I'm looking at some of the docs I got, and seeing how this went down - I e-mailed asking for best price, internet guy e-mailed back offering $26,800. I then had to go up to $26,950 when manager balked at that price and said it was crazy. I now realize internet guy wrote that I had asked for $26,500 (not true) and he would close the deal. He made up a fake offer for a ridiculously low price and then raised it by $300 to$26,800 to make it look like he was negotiating to the higher price. All pretty funny stuff, nice to see some of the salespeople negotiating against their own dealerships and not just against consumers.
#32201 of 32203 Re: 2014 Honda Accord EX-L sedan 4-cyl no navigation Southern California [aaloke83]
Dec 08, 2013 (5:35 am)
Actually, I'm thinking of picking up another 2014 Accord EX-L with Nav for my Mom. (I just bought an EX-L last week). Thanks for any info.
#32202 of 32203 Re: Finally pulled the trigger [veers]
Dec 08, 2013 (8:31 am)
That is a hell of a deal. I will be looking for an EXV6 in about 6 months. I didn't think the price would ever get to the level you got. Might be worth a shot then to expand prices outside of NJ where I am at.
#32203 of 32203 Re: Finally pulled the trigger [adamr1]
Dec 08, 2013 (9:33 am)
Ya, not a home run, but a decent triple. Also got free lifetime powertrain warranty and carpet mats. Looked at the docs again, and the price was $26,930 plus TTL. NJ was awful, couldn't get anyone under $27,600 and all the dealers told me that there was no point shopping around since "we all pay Honda the same amount for the car" and "we won't be undercut on price, we will match any competitor offer." All lies and bs, as per usual. I would definitely work with the big N Va and MD dealers and look for a steal. It's hard to know who will play ball, but you just got to find the right salesman at the right dealership at the right time, and you may hit a real home run.