Last post on Dec 10, 2013 at 1:25 PM
You are in the Honda Accord Coupe
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Honda Accord, Coupe, Sedan
#31664 of 32216 2014 Ex-L V6 Accord sedan
Oct 22, 2013 (5:29 pm)
Pulled the trigger today...I still can't believe I did it by myself!! I have learned invaluable knowledge here. Thank you to everyone that I have learned from and through the last several months! :0)
Purchase Price: $27,900
Doc fee. $99
Flex cash $500
OTD price $27,499
The sales manager completely low-balled the trade-in value on my previous car. I knew my purchase price ($700 under invoice) with the flex cash was a good enough deal for me. We will sell the car out-right and pay off the new car quickly. Overall, I am pleased with the deal I made. It was a fair deal. I tried to negotiate a discount on a few accessories, but the sales manager would not budge and I was not going to fight over $200 in accessories. Hopefully, I can order after-market. If I were the dealership, I would gladly give 25% discount on a few extras to make a customer happy...instead they got zero dollars...
What Brian says about shopping your trade-in value in your local area is good advice. I had researched online but had I had a closer estimate of how low the quote would be, I may have fought harder on purchase price to squeeze out another $200 out of them. I am glad it's over! I am off to celebrate with wine while my car is safely parked in the garage!
#31665 of 32216 Re: 2014 Ex-L V6 Accord sedan [capegirl5]
Oct 22, 2013 (5:56 pm)
Congrats. You did well on your purchase price and I'm glad you were able to pull your trade out of the equation without repercussions. What area are you in/ where did you buy?
Oct 22, 2013 (6:15 pm)
I just got home with the new 2014 EX-L. Didn't get the color I initially wanted, but it all worked out. Dealer pulled bait and switch in color with a '13 and said they thought they had the '14. No big deal.
Wife is happy.. I'm happy.
Thanks for all the great info and help guys.
#31667 of 32216 Re: 2014 Ex-L V6 Accord sedan [capegirl5]
Oct 22, 2013 (8:17 pm)
Great job Capegirl! Congrats and enjoy your new Accord - and kudos on selling the trade yourself - you'll reap a few extra bucks on that too.
#31668 of 32216 Re: Got it [squashpile]
Oct 22, 2013 (8:19 pm)
Squash - just like Capegirl, you did great!
Congrats and enjoy the new Accord!
Oct 23, 2013 (4:53 am)
Congratulations on your purchase.
Too bad you did not get the color you wanted. I hate it when dealers pull a bait and switch, but glad it all worked out for you.
#31670 of 32216 Re: 2014 Ex-L V6 Accord sedan [capegirl5]
Oct 23, 2013 (10:26 am)
Excellent, excellent info. Thanks. Basically it feels to me like $27.5 should be a good target number for the V6 and 25.5 for the EX-L.
Indeed I think Brian and I are saying the same thing re: trade in. Negotiate the new car price FIRST, but perhaps given isellhonda's comments, don't HIDE the trade possibility. Just say that I am most interested in agreeing the price of the new car, and I'm likely to sell old one privately but once I agree the new car price I'd be happy to show them the trade to get a quote.
Then, I can work the lowest couple dealers with a "roadshow" on my trade in and take the overall best package. Or, if none of them get close enough on the trade, just sell myself.
I'd think even in the dealer's mind the trade and the new car are somewhat separate items (isellhonda can confirm). By that I mean, a dealer likely won't sell the new car WAYYY below invoice in a situation where they are raping the customer on the trade. But maybe the threat of taking your new-car business to the next stop because they haven't quite gotten to your number on the trade will keep them sharper on that piece of it.
#31671 of 32216 Re: 2014 Ex-L V6 Accord sedan [hogan773]
Oct 23, 2013 (3:08 pm)
I have learned so much from these buying forums over the many years.
brian125 is a big part helping us out get a good deal. His voice thru these forums leads by example and not just words.
Thanks again for your help with my son's new purchase i see your still very active in this forum. i wish some day i could repay the favor.
Sorry lost your email.
#31672 of 32216 Re: 2014 Ex-L V6 Accord sedan [plagwate]
Oct 23, 2013 (3:47 pm)
Thank you! I am in the Midwest....specifically, Oklahoma! Day 2 and I am loving this car! The sun roof that opens is fun when weather here is in 70s! Now, I must read the manual so I don't wreck the car trying to figure out the controls!
#31673 of 32216 Re: HOW TO HANDLE THE TRADE WITH MULTIPLE DEALERS [hogan773]
Oct 23, 2013 (4:25 pm)
Exactly, Hogan! Why would you tell them you have a trade in...think poker game...we sold my old car today for $700 more than the dealership's highest offer yesterday! We parked the car outside our business...two people test drove it and two hours later...we had cash in our hand. Don't be afraid to sell it on your own.
I guess you could go to (high price) dealer # 1 and dealer #2 to test what your trade-in value would be...then go to low price dealer #3 & #4 and let them know you have a trade in before hand and then try to get best price on car??? In my case, I only had 2 dealerships to chose from unless I wanted to drive the said 100 miles ...