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Honda Fit Prices Paid and Buying Experiences

2413 messages,  Last post on Nov 05, 2009 at 7:34 AM

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


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#1925 of 2413
Re: So I got fit yesterday.... [isellhondas] by absconfused
Dec 15, 2008 (6:42 pm)
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Replying to: isellhondas (Dec 15, 2008 6:21 pm)

Here in Atlanta there is a dealership that has a return policy like backy said...it helps you buy with confidence...I do not think most people would return their cars b/c they probably fall in love with them. As for Honda, usually prices stay fairly high so it's not like someone can go from one Honda place with a return guarantee and find a cheaper deal somewhere else...In 07 when I shopped Team Nissan in Lithia Springs GA had that deal about returning and the Team Honda place might have had it too but I just cannot remember...
 
Anyway, returning a car definitely varies from state to state and dealership to dealership....
#1926 of 2413
Re: So I got fit yesterday.... [isellhondas] by backy
Dec 15, 2008 (7:32 pm)
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Replying to: isellhondas (Dec 15, 2008 6:21 pm)

No, it is not an exchange program. As for "abuse", it would be a lot of trouble for someone to buy a car just to drive it for a few days, then return it with no real intent to buy it.
#1927 of 2413
Re: So I got fit yesterday.... [backy] by isellhondas
Dec 16, 2008 (6:02 am)
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Replying to: backy (Dec 15, 2008 7:32 pm)

In most cases, you would be correct but you underestimate what some people will do.
#1928 of 2413
Re: So I got fit yesterday.... [isellhondas] by backy
Dec 16, 2008 (6:47 am)
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Replying to: isellhondas (Dec 16, 2008 6:02 am)

Has your dealership ever offered a 5-day, 500 mile money-back return policy on new cars? If so, what were the results? Did you find there was a lot of abuse?
#1929 of 2413
Re: So I got fit yesterday.... [backy] by isellhondas
Dec 16, 2008 (6:59 am)
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Replying to: backy (Dec 16, 2008 6:47 am)

We know better than to do something like that.
 
There would be a tremendous amount of abuse.
#1930 of 2413
Re: Dealers Selling at Invoice in MD [beach57] by koleso
Dec 21, 2008 (4:47 pm)
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Replying to: beach57 (Dec 11, 2008 2:23 pm)

> Anyone else buying at invoice price now? Do you mind to tell which dealerships offered you invoice price? I am shopping for Honda Fit Automatic, basic in the Washington metro area. Dealer claims their MSRP is $15,300 and destination charges $670. After two days of shopping, the lowest OTD offer I have now is $16,845. I am VA resident, therefore tax is 3.2%. Simple math gives (15300 + 670)*1.032 = 16481, excluding title and tags (70-100 bucks, my gestimate). So the dealer still wants $300 above the MSRP. Or they can call these $300 extra bucks "processing fee", ADM, profit, whichever. What was your experience?
#1931 of 2413
Re: Dealers Selling at Invoice in MD [koleso] by absconfused
Dec 21, 2008 (7:08 pm)
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Replying to: koleso (Dec 21, 2008 4:47 pm)

Here is my two cents and I am writing from Atlanta btw...
 
See how much inventory there is in the nearby dealerships so you can gauge supply and demand. If supply is up, then present an OTD offer that you think is reasonable and see if anyone takes your offer. I just got a great price an 09 FIT at a dealership but of course the majority of the dealerships do not want to budge.
 
You simply have to be nice, present your situation and your offer and do not get discouraged. The majority of the dealerships might not want to deal with you, especially if their supply is down but if the supply is up and/or they just want to move a few cars after christmas and before new years (which according to some experts is a good time to shop for a car) then you just need one dealer to work with you just a bit so that you can each benefit from the transaction.
 
Having cash/check to pay for the car is a plus in my opinion in this type of transaction....
 
anyway, be patient, do not give up and remember you are the one buying the car and many are not buying cars right now so it might be that you are in a good position but it's all about the local inventory. Around here, the cars are listed on cars.com so I was able to search for the FIT and see just how many there are here and I was able to track how fast they moved in and out and which dealerships got new ones b/c it showed up as a new listing...This is all good information b/c you might not want to waste your time with a low inventory dealership but you just never know. The important thing to remember is to be nice, be sincere and understand that dealerships have the right to want to make money but you just want some help in being able to afford the car....
 
good luck!
#1932 of 2413
Below Invoice by psychoticgas
Dec 22, 2008 (10:07 am)
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Multiple dealers in Houston TX willing to sell for $200 below invoice. Just picked up a 2009 Fit Sport for $200 below. Had to haggle a bit afterwards to get a good price for my trade in but they eventually did well on that too.
#1933 of 2413
Re: Below Invoice [psychoticgas] by alamocity
Dec 22, 2008 (3:50 pm)
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Replying to: psychoticgas (Dec 22, 2008 10:07 am)

That sounds like a very good deal, was that for the automatic?
#1934 of 2413
Below Invoice by cpryan
Dec 23, 2008 (4:35 pm)
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I have been trying to convince several Honda dealerships in NJ to sell me a base model '09 Fit for $10,000 dollars cash. They all think I'm being absurd. Here's what I tell them to convince them that my offer is in fact very reasonable.
 
If you've been following the NYTimes (or any other major newspaper in this country) for the last few days, you know that all of the major car companies (all of them) just crashed into a brick wall. That wall is comprised of insanely overspent American consumers who can longer use their homes as ATM's to buy cars with, whose investment portfolios (assuming they had one) just got cut in half, who most likely owe their mortgage lenders more then their home is worth, whose job may or may not exist in a few months, and who have probably just been told by their credit card company that their credit limit is being drastically reduced. And that would describe someone in a good situation. To top it all off, the Yen will only continue to gain on the dollar as the Fed has made clear that it intends to flood the market with green backs to encourage interbank lending which is supposed to eventually help consumers somehow(?). Ergo, the Japanese companies need to sell these cars quickly to reap the greatest return. There is not a single piece of good news in this market for anyone trying to sell something like a new car, i.e. a very expensive item with a long life.
 
The party is truly over. The house is on fire. And, it is almost certain to burn to the ground.
 
If, over the last few years, you have been saving diligently, living within your means, and looking forward to the day that you had the SAVINGS (not credit) to make a large purchase, i.e. a car, this market is so insanely ripe for huge discounts it isn't even funny. Sadly, the dealers have not yet accepted this. They are clinging to the past, pathetically so. The dealers will be forced, eventually, to offer huge discounts or accept that they will not sell cars. Honda and Toyota are going to be forced to instruct their dealers to make these deals until the cars stop piling up at U.S. ports. It is all inevitable. Ah, the free market! Gotta love it when it works for you.
 
Hold out for a BIG discount. Think way beyond invoice. It's only a matter of time.

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