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Prices Paid: Buying & Leasing Experiences Honda Fit Prices Paid and Buying Experiences
2418 messages, Last post on Nov 15, 2009 at 5:59 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: isellhondas (Dec 16, 2008 6:02 am)
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Replying to: backy (Dec 16, 2008 6:47 am) There would be a tremendous amount of abuse. |
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Replying to: beach57 (Dec 11, 2008 2:23 pm)
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Replying to: koleso (Dec 21, 2008 4:47 pm) 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! 
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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.
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Replying to: psychoticgas (Dec 22, 2008 10:07 am) |
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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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Replying to: cpryan (Dec 23, 2008 4:35 pm) |
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Replying to: cpryan (Dec 23, 2008 4:35 pm) Even Toyota, whose forecast operational loss has been widely reported, is projected to have a net profit of about half a billion dollars (US) for the fiscal year, even though that's about 1/10 of what they were forecasting in the beginning. The Japanese manufacturers are saying that they are hurting, and I believe them. The difference is, though, that their hurt is more like a bruise while Detroit's is more like terminal cancer. What does this mean to us consumers? Yes, there will be and are already deals to be had, even for Honda. However, just that Detroit is doing a fire sale does not automatically translate into the same for Honda or Toyota. Yes, it may turn into that if things get even worse, but I would hesitate to apply Detroit's desperation unconditionally to a company like Honda. They are hurting, yes, but it's a bad bruise, which may not require as drastic a sales move as GM, Ford and Chrysler, who all have a stage IV cancer. |
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I bought my 09 Fit Sport and I been approved by Honda Finance  Woodland Hills, CA. I signed everything, put $500 immediately and another check for $1000 that can only be used after two weeks. I thought the deal is done and final, but two days later I get a call from my finance guy requesting an additional down payment or a co-signer. I told him I will put another $1000 and to give me another two weeks. I really hope the Honda Review guy call me because I will give them the lowest score for the hassle they caused me. I should at least be compensated for this sudden change in the agreement. What do you guys think? Should I threaten them that I will give them the lowest score or tell them I wont be shopping there anymore. 
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