Last post on Sep 30, 2013 at 3:03 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Fit, Hatchback, Wagon
#1474 of 2642 Price Paid - Buying Experience
Mar 12, 2008 (6:16 pm)
On 3/10/08 I purchased a new 08 Fit Sport 5AT (auto trans) in Milano Red color for $16,167 out-the-door (not including tax/title/license/registration, which is done at county DMV offices in Nebraska). This is $43 over invoice of $16,123 (MSRP is $16,705), and NO documentation fee. Selling dealer was O'Daniel Honda of Omaha, NE. I paid cash, no trade, and was in and out to do the paperwork in less than 30 minutes. I negotiated price via e-mail price quotes from 5 Honda dealers in Nebraska and gave each dealer one shot and did not disclose any other quotes to each dealer so it was a fair process for all dealers. Price quotes ranged from $16,167 to $16,594. A key factor any buyer needs to know up front when negotiating price is whether or not the dealer charges a documentation fee; in this case, the fee range from $0 to $199 among the 5 dealers in Nebraska that I contacted.
This is my 2nd Fit - I bought another new fit, same car, in Blaze Orange, in Dec 2007 for $16,323 for my son - so that deal was $156 more than the 2nd one.
#1475 of 2642 Inputs needed ASAP - Ext Warr and Lo-Jack
Mar 16, 2008 (1:07 am)
I'm in the process of buying a FIT for my son. Because he's located in LA, and I am in San Jose, CA, I have until Monday to decide on 2 things, and bring down money. 1) The Lo-Jack price... this is being offered for $400 (List is $700) and the extended warranty - a 84 month, 120,000 mile, 0 deductable, for $1200 (List is $1,605). The dealer showed me 'his cost', which I must assume is still marked up, the Ext Warranty was $905.. which he claims is 'his cost'.. now how can he have a cost on this - it's all profit in 90% of the cases! The Lo Jack 'dealer cost' indicated $345.
Does anyone have any other numbers lower so I can show the dealer? I think I should be able to get the Exst Warranty for around $500 - which is what I paid on my 2008 Prius a month ago. This is a Honda of course, different dealer, but pricing should be about the same.
Thanks for any inputs. I have to made a decision my Monday when I return witih my son to pay for the car.
#1476 of 2642 Re: Inputs needed ASAP - Ext Warr and Lo-Jack [scottc3]
by kyfdx@Edmunds HOST
Mar 16, 2008 (6:16 am)
I don't live in LA, so maybe I don't know.. If your car is stolen, do you really want to get it back? I don't... and wouldn't buy LoJack for any price..
The dealer may not be far off on his cost for the extended warranty.. I don't think I'd get that, either... but, we have a whole discussion on that, here: Honda Extended Warranties Pricing and Info
#1477 of 2642 Re: Inputs needed ASAP - Ext Warr and Lo-Jack [scottc3]
Mar 16, 2008 (10:52 am)
If you really want an extended warranty, against which I tend to advise, then you should wait until the bumper-to-bumper warranty is about to run out, which is at 36,000 miles or 3 years. As you may already know, the extended warranty term is concurrent while the factory warranty runs its course. And by that time, you will know whether or not this Honda is trouble-prone (rare but it does happen once in a while).
#1478 of 2642 Re: Inputs needed ASAP - Ext Warr and Lo-Jack [scottc3]
Mar 16, 2008 (12:09 pm)
My suggestion is to buy NEITHER the LoJack or the extended warranty. Since it's a new car I would assume you will have collision & comprehensive insurace coverage, right? And if it gets stolen you can file a claim under comprehensive. Extended warranties on Honda are just like handing money over to the dealer for free. In 2003 I bought 2 new Hondas (my first ones), a Civic LX Sedan and a CR-V EX AWD small SUV. I paid $1600 (for both) for extended warranties and I have not had a single warranty claim or breakdown on either vehicle - if you take them in ever 5K miles and have them serviced by the dealer, they 'll last for at least 100K miles, if not 200K.
Save your money and tell the dealer to sell the LoJack and extended warranty to someone more gullible.
#1479 of 2642 Thanks.... saved me $400
Mar 16, 2008 (12:54 pm)
I like the thought process about the Lo-Jack.. and not getting it. Called the LA police department, they basically told me the same thing.. once it's stolen forget it! Use "the Club" or similar on the steering wheel, set the alarm, and that should detur most that want to take the car for a 'ride'.
Thanks for saving me $400!
#1480 of 2642 Re: Price Paid - Buying Experience [fitisgo]
Mar 16, 2008 (8:04 pm)
2008 Fit Sport MT
Internet bids from 4 dealers.
#1481 of 2642 Re: Inputs needed ASAP - Ext Warr and Lo-Jack [fitisgo]
Mar 17, 2008 (5:41 am)
you take them in ever 5K miles and have them serviced by the dealer, they 'll last for at least 100K miles, if not 200K.
I think it's better to say for the Fit to get it serviced based on it's maintenance minder, and you don't need to take it to a dealer for every oil change/tire rotation, which is the main service you need to do.
#1482 of 2642 OTD price ?? Give us more details!!!
Mar 17, 2008 (1:17 pm)
Guys, Out the Door, means the final price, including all taxes, license, fees, ... Also statements like $15,600 OUT THE DOOR tell us nothing. Is this a sport model, the base model, have floor mats? any other extras, like extended warranty.
We need to be specific if this form is going to help anyone.
Yesterday I put a downpayment on a Sport FIT, auto, at $16,200 which included the $635 doc fee. The total OUT THE DOOR was $17,773.04. This is about $15,900 for the car alone. This morning I went to another local dealer, told them I wanted to buy a FIT 'right now", I had done my research and I'd give them $16,000 (which included the $635 dest charge).. they told me, $16,200 after the salesman spoke with the 'man' - I was talking to the "internet sales' guy, not a person on the lot. When I got the same price, and they didn not stop me when I walked out, I assume the $16,200 is a good price at this point for this car.
Good luck to you all.
#1483 of 2642 Re: OTD price ?? Give us more details!!! [scottc3]
Mar 17, 2008 (10:17 pm)
No DOC fees!!! pure junk fees.. get the final price then pay sales tax and registration fees only( includes title).
The LO-Jack doesn;t reduce your insurance premiums in California. Save your money....or else put it on your 71 Hemi Cuda convertible...