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Honda Fit Prices Paid and Buying Experiences

1847 messages,  Last post on Oct 07, 2008 at 7:09 PM

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What is this discussion about? Honda Fit, Hatchback, Wagon


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#1589 of 1847
Fit base w/ MT Out the Door in Louisville? by single_digit
Jun 14, 2008 (2:08 pm)
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I am in Louisvile KY and looking at the base model with MT and have a couple of questions... I guess I'm looking at around $15,000 to $15,500 but I'm hoping to get feedback from anybody in the same general area on what the OtDP is.
Are the color and transmission type the only options available on Fits. The salesperson at the dealership I testdrove at said they have only the package deal, no user configurable cars. I would like to get a basic Fit (manual Trans), but am interested in the MP3 cd system that comes with the Sport. The rep said that isn't possible.I might also be interested in the alloy wheels, but the Honda website configurator (which seems to fly in the face of what the rep said) shows they are around $1000 (if I'm gonna do that I might as well get the sport).
Also, does anybody know if there will be any incentives on the '08s when the '09s roll in? My feeling is no since there is so much demand for Fits right now.The rep said that the 09s should only be a few hundred more than the '08s, but I never like to buy a new model/body style (and their glitches).
I would really like to buy a used one and knock a bit off the price, but I am seeing the used ones selling for more than new ones. How is this possible (especially with no dealer incentives on Fits)?!? Not many are turning around and selling a Fit with 20k miles on, but still...
Lastly, what's up with the inconsistent mileage I've read about? I read a couple of earlier posts in this thread about how some people are only getting mid 20s on MPG? We have a diesel Beetle that gets 45 MPG and we'd keep it, but the stroller and carseat for our newborn seem to say otherwise. If this car won't get mid 30s I'm not interested. Are these screwy low MPG Fits the exception or are they common?
#1590 of 1847
Re: Fit base w/ MT Out the Door in Louisville? [single_digit] by watsac
Jun 14, 2008 (5:37 pm)
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Replying to: single_digit (Jun 14, 2008 2:08 pm)

Hey SD - so many questions...so little time
 
Q. How do you know a sales rep is lying?
A. Their lips are moving.
 
Based on what I've learned, it is better to buy a Fit (base or Sport) and then self-install the accessories you want. This is because of the hype (real or imagined) surrounding high(er) MPG vehicles like the Fit, Civic, Corolla, etc. I recently called 5 dealers in the Baltimore area but only 1 had the vehicle in stock so I drove out and bought it for about $400 below MSRP (a base with AT). The other 4 dealers (who did not have the car) quoted me anywhere from MSRP to MSRP+$1000. Check out this link to a story in the Detroit News which talks about that. http://www.detnews.com/apps/pbcs.dll/article?AID=/20080611/AUTO01/806110389/1148- . The same hype goes for high MPG used cars in the same price range. Try to find a 3 to 5 year old Civic or Corolla - you can't! I would also stay away from the 09s because of the first year thing not to mention they will be more expensive. And the MPG thing will settle itself down after a few tanks and you get adjusted to using the new car for your typical everyday driving. You know it's gonna be good with a 1.5L 4 cylinder engine - how can it not be? Which probably helps explain why there are no used ones out there!
#1591 of 1847
Re: Fit base w/ MT Out the Door in Louisville? [watsac] by single_digit
Jun 14, 2008 (7:21 pm)
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Replying to: watsac (Jun 14, 2008 5:37 pm)

Regarding used high MPG cars... I'm seeing '07 Fits with 20k+ miles listing for more than new '08 Fits. What gives? Is this purely to haggle down to the "real" price?
Case in point:
http://www.automart.com/vehicledetail/adid-83848275/2007/honda/fit/mckees-rocks/- pa
or...
http://www.automart.com/vehicledetail/adid-86976924/2007/honda/fit/cincinnati/oh-
#1592 of 1847
Re: Fit base w/ MT Out the Door in Louisville? [single_digit] by watsac
Jun 14, 2008 (8:48 pm)
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Replying to: single_digit (Jun 14, 2008 7:21 pm)

I'm thinking it is simple economics...low supply + high demand = high price.
#1593 of 1847
Insane Prices on Fits by tiff_c
Jun 14, 2008 (10:11 pm)
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My local dealer whom I have already bought a car from is charging full MSRP on a Fit Sport Automatic (for the wife) $16,700 and then a $400 dealer fee! I told them not a chance I just won't buy a car with no discounts and high dealer fees. The new Fit will be out soon enough, maybe then the insanity of $4 a gallon gas will make people in less of a panic. Until teh car is at invoice price I won't buy it and teh new one looks a lot better. Over $17K OTD for a Fit, that's just nuts!
#1594 of 1847
Someone else will by wge
Jun 15, 2008 (3:30 am)
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You may have to wait quite awhile. I think there are many other folks ready to buy a Fit at MSRP and with high dealer fees. As was said two posts ago, it is supply and demand that drives the price.
#1595 of 1847
Re: Insane Prices on Fits [tiff_c] by watsac
Jun 15, 2008 (5:02 am)
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Replying to: tiff_c (Jun 14, 2008 10:11 pm)

Not trying to be this up, but there's a good intro on wikipedia (link title) as to the fundamentals of what happens to the price (P) of a product as the demand (D) increases and the supply (S) remains fixed. If nothing else, look at the graph on the top right and you can see how all of this drives the price up (P1 to P2). Honda could help the situation by increasing production (i.e., Supply) but it is my understanding they will not be doing that.
#1596 of 1847
Re: Insane Prices on Fits [watsac] by single_digit
Jun 15, 2008 (8:01 am)
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Replying to: watsac (Jun 15, 2008 5:02 am)

The thing that blows me away is what's going on with diesel cars. We have a TDI (diesel) New Beetle that is not practical for us and our new infant so we are ideally looking to shift to a TDI Golf 4 door. VW discontinued all diesels except Jettas (and then they went completely upscale) and said there was no demand when I called (as did Honda when I called about importing diesel civics from Europe). Yet all of the diesels (which get 40-45MPG!) are selling well above blue book (3-4 thousand in many cases). If there's no demand what's going on? Car companies are so out of touch.
If anyone knows of a good deal on a TDI Golf in good shape, let me know! I would prefer to go that route and convert it to run on veggie oil than buy a Fit if at all possible.
#1597 of 1847
Dealer Markups on Fit by crazedcommuter
Jun 15, 2008 (8:13 am)
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Replying to: tiff_c (Jun 14, 2008 10:11 pm)

You're lucky that your dealer only marks up $400. I just came back from a test drive of a Fit Sport Auto with my 19 yr. old son who is going to be buying his first new car. Hagerstown Honda in Hagerstown, MD is the closest Honda dealer and the Fit is on his list of cars. I was appalled to see that Hagerstown Honda has added $1799 "Appearance Packages" to all Fit and Civics. The sales person tried to extol the virtues of the teflon sealant and the scotch guarding. I balked at the add-on and then the salesperson stated that the dealership has added the markup to help offset the "delivery fee" and the depreciation of the gas guzzlers that they have taken in on trade. So a buyer already pays $650 bucks delivery and now Hagerstown Honda is trying to get another $1799 extra as well make a cunsumer pay for their business losses. What they're really doing is bilking the customer that wants to downsize to a smaller, efficient car.
 
I was offered a "special deal of $500 off the price if I buy today. I stated that I will pay MSRP but not any of the $1799 bilking. The cars were still in their shipping wrappers with plastic on the seats, so it's not like I was trying to get something for nothing. They wanted to do the 3 hour negotiation tap dance, so I walked out and began the search for another dealer and a different car. My experience with Hagerstown Honda has proved to be very poor and am appalled that Honda Corporate tolerates this price gouging from its dealers.
#1598 of 1847
Re: Dealer Markups on Fit [crazedcommuter] by watsac
Jun 15, 2008 (9:37 am)
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Replying to: crazedcommuter (Jun 15, 2008 8:13 am)

crazedcommuter - I know it's a bit of a drive but you might do better if you try out some of the Honda dealerships that are closer to Baltimore. I closed a great deal last weekend on a base Fit for about $400 below MSRP at Northwest Honda in Owings Mills, MD. We're not supposed to post salesman names or contact info on this forum but if you post your email address, I will reply directly with his name and contact info. He was very professional and because we did all the price work by email up front, it was just a matter of showing up and taking delivery. In other words, NO 3 hour negotiation tap dance!

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