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You are in the Prices Paid - Buying & Leasing Experiences
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Honda Fit, Hatchback, Wagon
#1849 of 2642 Do not pay anything above MSRP
Oct 09, 2008 (12:34 pm)
Report in San Francisco Bay Area:
Dealer we try :
-San Francisco Honda
-Honda of Serramonte
-Mike Harvey Honda
(people , welcome to report your result)
I just got my Fit SPORT , AT MSRP=$17580
I told my friend to stick to the point at MSRP , he also got MSRP $17580 for Fit SPORT , AT , after 2 week , 2 visit.
He also lay out these facts to the sales manager :
Auto sales plunge as credit crunch hits
Wed Oct 1, 2008 7:53pm EDT
WASHINGTON (Reuters) - Major automakers reported plunging U.S. sales for September
The 26-percent drop in industry-wide auto sales was sharper than expected and coincided with a crisis on Wall Street that automakers said rocked consumer confidence and made it harder for remaining shoppers to finance vehicles.
Sales were down 24 percent at Honda Motor Co, 32 percent at Toyota Motor Corp and 37 percent at Nissan Motor Co. Chrysler LLC sales were down 33 percent.
Silicon Valley car dealers shut doors
OWNERS TRY TO SELL DEALERSHIPS,THEN GIVE UP AND WALK AWAY
Article Launched: 10/02/2008 10:04:49 AM PDT
At his dealership in Los Gatos, John Moore sits, both literally and figuratively, in the middle of a depressing time for Silicon Valley car dealers.
Moore Buick-Pontiac-GMC is a three-generation, family-owned dealership on Los Gatos Boulevard. To the store's right are the remains of Swanson Ford, which closed in 2006 and was destroyed in a fire on Sunday. To the showroom's left is Los Gatos Chevrolet, which locked its doors for good on Tuesday.
"Two years ago, I was saying I never saw business conditions like this," Moore said. "Unfortunately, car dealers are the most optimistic entrepreneurs in the world. We keep hoping it's going to get better, but it keeps getting worse."
Perhaps a dozen San Jose-area dealerships have closed in the past few years, including Silicon Valley Hummer, Stevens Creek Buick-Pontiac-GMC, Sunnyvale Dodge-Chrysler-Jeep and Sunnyvale Lincoln-Mercury this year. Smythe Volvo closed one location on Capitol Expressway Auto Mall, but another Volvo store remains open on Stevens Creek Boulevard.
"These stores are closing, not selling. That's what's amazing," said Shaun Del Grande, a longtime Valley dealer with Mazda, Suzuki, Hyundai and Volkswagen franchises. "There's not even a market out there."
Bay Area Loses Three Car Dealerships in One Week
KCBS, CA - Oct 2, 2008
SAN FRANCISCO (KCBS) -- Three Bay Area car dealerships went out of business this week, and the pile-up is probably not over.
Good Chevrolet in Alameda, another Chevrolet dealership in Los Gatos, and a GMC dealership in Colma all either closed, or announced they would be closed before Friday.
#1850 of 2642 How many fits do dealers get?
Oct 09, 2008 (1:59 pm)
Last summer I talked to a guy that just bought a new civic. He wanted a new fit but the salesman told him all Honda dealers get just 2 fits a year. I didn't say anything but I thought the Honda salesman was being untruthful. I have heard that a very few are. Can any one tell me how many Fits are built this year and how many Honda dealers there are? Thanks. Wayne
#1851 of 2642 Re: Honda Fit near Seattle [wxl]
Oct 09, 2008 (3:34 pm)
Good luck bachmann in your search for a fit. Which trim were you looking for Base or Sport, Auto or 5-Speed? Costco negotiates their deals with the manufacturer, so if it remains a hard to get car in the marketplace, dealers will hold their profit margin. Costco is a buying service and a good one, but on certain cars, it is not any better than you negotiating your own best deal. Most dealers, don't have the inventory in surplus, so many times the fits will drop in the morning off a truck, and be sold within a few hours. I believe, I can assist you, if you contact me. Good Luck!
#1853 of 2642 Re: Honda Fit near Seattle [sfbay998]
Oct 09, 2008 (8:37 pm)
Indeed, Autotrader is one of many online sources to surf dealer's inventories. Unfortunately, it is not real time, as dealers sell Fits daily, that are still posted on these sites. If you want accuracy, go to a Honda store, and touch the car, to confirm availability.
Oct 16, 2008 (5:43 am)
I'm going to purchase my first car and went to my first dealership yesterday. I am getting $5000 for my trade-in and they are pricing the 09 Honda Fit Sport 5 Speed MT at around 16,000. AFTER subtracting my $5000 for my trade-in. Resulting in a total cost of around 20k. I have no accessories and it is base. Can someone tell me how they would come up with this price in the first place and my instant suspicion is that they are trying to screw me. The car is going to be moved from a dealership around 5 hours away since the dealership I went to didn't have it in stock. They are going to give me the chance to inspect it before signing any paperwork etc.
Any advice or help would be appreciated.
#1856 of 2642 Re: First Car [cd3334]
Oct 16, 2008 (6:31 am)
sell your car yourself
walk in with cash and your own financing.
dont buy any extras.
you are a fresh fish out of the water dot get cooked.
Oct 16, 2008 (8:28 am)
A reporter is interested in talking with owners of a 2009 Honda Fit. If you are interested in commenting on your experience, please reply to jwahledmunds.com no later than Monday, November 3, 2008 and include your city and state of residence, the model year of your vehicle and the age of your child/ren.
#1858 of 2642 Re: First Car [cd3334]
Oct 16, 2008 (10:56 am)
If I'm reading your message correctly, that would mean you are paying $21,000 for the car, which is very high. If your trade-in car isn't really worth $5,000, the price may be less. For example, if your trade is really worth $4,000, you're paying $20,000; if the trade is worth $3,000 you're paying $19,000, etc. My Fit is an '08 and I haven't spent a lot of time on '09 prices, but I think your price ought to be more like $17,000 for the car you're looking at if it's really a Sport. (You use the word "base" to describe it later in your message.)
Before you visit any other dealers, do some research on pricing at Edmunds so you have an idea what you should be paying for the Fit. You can also research what your trade-in car is actually worth (to the dealer, not to a private party). Then if you don't want to sell your trade-in car yourself, I think the best procedure is to go in to a dealer, tell them you won't be trading anything, negotiate a price for the car, then "change your mind" and ask what they'll allow for your car in trade. There are good "how to buy a car" articles in some of the car magazines and on the internet.
It's all a balancing act. What good does it do you if they're generous in the trade allowance, if the price of the Fit is too high? What good does a low price on the Fit do if they're only allowing half what your trade is worth? It's the combined effect of both trade allowance and new car price that matters to you. Also keep in mind that everything except taxes and licensing costs are part of the price of the car. So if you want to pay MSRP and the dealer supposedly gives you that price and then on the paperwork there's a "dealer's fee" of $600, that means if you buy that car, you're paying $600 over MSRP. Which is fine if you're willing, but don't believe "everybody" charges that $600 or they "have to" charge it, etc.