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Honda Fit Prices Paid and Buying Experiences

2425 messages,  Last post on Dec 03, 2009 at 4:14 AM

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


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#2163 of 2425
Re: 2009 Fit Sport Auto - Silver [07_ls460] by chas0215
Jun 09, 2009 (1:51 am)
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Replying to: 07_ls460 (Jun 08, 2009 5:45 pm)

This is an unusually good price well below invoice! Sounds like a Chrysler fire sale price. I'm just curious (since I had to pay full MSRP in NYC area in 11/08 for my Sport w/navi), was yours a cash deal or did you finance? Someone has to be making some money on this deal somewhere otherwise it sounds almost too good to be true. Any further information or insight you could provide would be appreciated.
#2164 of 2425
Re: 2009 Fit Sport Auto - Silver [chas0215] by byron2
Jun 09, 2009 (6:39 am)
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Replying to: chas0215 (Jun 09, 2009 1:51 am)

Hi chas0215:
 
I of course don't have any more info on silver's deal since I do not know him/her, but we did buy a similar Fit from that same dealer (Anderson's, correct?) in October and paid $2,200 more. Oh well. The difference is the economy. When we bought ours the '09s had just come out and did not remain at dealers for more than two hours. Now when I drive by my nearest dealer (Redwood City Honda) I keep seeing the same Fits just sitting there. That being said it's a great car and perfect for our 18 year old daughter (who we bought it for). It now has about 4500 miles on it. Thanks to break in, the power has increased a fair amount and the ride has softened a bit, since it was new.
#2165 of 2425
Re: 2009 Fit Sport Auto - Silver [byron2] by chas0215
Jun 09, 2009 (7:51 am)
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Replying to: byron2 (Jun 09, 2009 6:39 am)

I'm verry happy with my FIT 6,000 miles after purchase. I just don't understand how ANY DEALER can sell a car so far below invoice unless they make up for it on the financing end or get alot of cash back from Honda (which is doubtful). No dealer could absorb these low selling prices on straight cash deals. Poor economy not withstanding, it just doesn't make financial sense for dealers to give cars away unless customer financing is involved for someone to profit from.
#2166 of 2425
paid invoice price for 2009 Fit Sport w/ Navi by ds61761
Jun 09, 2009 (5:11 pm)
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I think I did OK. I just bought a new 2009 Fit Sport Auto with Navi and VSA for invoice price ($18947). Here is the breakdown:
 
$18947 vehicle price
$25 electronic vehicle registration
$151.65 doc fee
$1195.23 illinois sales tax (6.25%)
$143.43 city tax (.75%)
$143 license and title
 
$20605.31 out-the-door total
 
It was a clean deal with no financing, no accessories, no extended warranty, etc.
 
I've seen quite a few posts on here claiming that they got the Fit for thousands below invoice. However, you cannot compare 2 deals unless you know everything about every aspect of the deals. For example, maybe the price of the vehicle was $1000 below invoice, but if you bought an extended warranty for $1750, financed at 25% interest, overpaid for some accessories and let the dealer steal your trade-in, then you probably got ripped off. The dealers are geniuses when it comes to hiding the true costs from you but making you feel like you got a good deal.
 
Anyway, we love the car and are very happy with it. We had considered waiting for a few months, but decided to go ahead and buy since they had what we wanted and agreed to a good price. I've been watching for a few months and no new Fits have come into the local dealer's inventory. I think Honda is running down the inventory here in the USA and diverting these vehicles to other markets where they are more popular. If gas hits 3 bucks per gallon, the Fits will start selling at a premium again like last summer (that is if you can find one).
#2167 of 2425
Re: 2009 Fit Sport Auto - Silver [chas0215] by 07_ls460
Jun 09, 2009 (8:28 pm)
Reply

Replying to: chas0215 (Jun 09, 2009 1:51 am)

It was a cash deal at Anderson Honda. No extended warranties or high priced accessories involved in this deal.
#2168 of 2425
Re: 2009 Fit Sport Auto - Silver [07_ls460] by chas0215
Jun 10, 2009 (2:10 am)
Reply

Replying to: 07_ls460 (Jun 09, 2009 8:28 pm)

Congratulations! You truly got a great deal. Not sure how your dealer can stay profitable giving cars away for below dealer cost. Doesn't make sense to me but their loss is your gain. Always glad to hear about consumer success stories.
#2169 of 2425
great deal in richardson,tx by ibuyhondaonly
Jun 10, 2009 (9:33 am)
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my older cousin just bought a honda fit base black auto with protection pack and window tint out of door for $12,683.81 with an air check for a 96 toyota corolla.and he bought the keyless entry pack for $400 as well.that dealer is old but they say they are number one in texas.sounds like a good deal.
#2170 of 2425
Re: 2009 Fit Sport Auto - Silver [chas0215] by toscabella
Jun 10, 2009 (5:36 pm)
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Replying to: chas0215 (Jun 10, 2009 2:10 am)

Do not forget that 5-7% of invoice is usually kicked back to the dealership which is called a "holdover" in salesperson lingo. Also- has anyone ever researched how much it actually costs for Honda to produce this car? Honda is making great profits. A car can cost as little as $5000 to actually make. That is why I do like the TMV pricing.
It includes what might represent Holdovers, calculated into the price.
#2171 of 2425
Negoitating for a 2009 Honda Fit Sport Trim Manual Transmission by toscabella
Jun 10, 2009 (5:39 pm)
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Just made a deal for a brand new Honda Fit 2009 Sport Trim Level w/ manual transmission(without navi). Edmunds.com was right on about everything! They did not pay me to say that either. What a blessing this site is. My price including destination charge was 15,968 in Savannah, Georgia at Grainger Honda. The nearby Edmunds.com premiere agency Hughes Honda also matched that price; but could not beat it. My OTD was $17,661.
 
I used this website for: searching used cars, ceritified cars, new cars, TMV pricing rocks! How to negotiate: PERFECT information. Everyone MUST read the artcle of the "under-cover" salesman. It changed my whole perception of the purchasing/negoitating process. Car salesmen; although fully trained to take advantage of customers, actually deserve a lot of sympathy and respect for what they do. Be nice when they approach you. You can handle them if you study here at Edmunds.com.
 
I was always amazed at how little bits of advice spared me from making a deal I didn't want. I am a young adult woman- 40ish- who had never purchased a new car by herself. I did all shopping, test-driving and negoiating by myself. I only called my husband once on the cell phone.
 
I was torn between the 2009 Matrix Sport Level and the Honda Fit 2009 Sport Trim. Although I was completely sincere in my struggle, it made a great negotiating tool for motivating the sales folk in my favor.
 
I got one saleman to offer me a Toyota Matrix 2009 manual for the match price of a Sport Trim level Honda Fit! ( $3000 discount from INVOICE!!!) I ended up not taking that offer because it demanded I purchase that day. I was hungry and tired, but had brought food(a tip was never negotiate when hungry.)
I ate the food in my car and felt more clear-headed. I turned around and turned that offer down, much to the shock of the salesman. The car he offered did not have a sunroof and it wasn't right. I felt a bit too clostrophobic without the sunroof and the salesman said he couldn't get the Matrix I was looking at with a sunroof. I turned down this amazing offer because it was worth a $3000 loss to be able to just go home and think about things. You should have seen his face! Even though he said the offer was only good that day guess who called me the very next day to try and work it out...........I have learned to never, EVER settle if an offer is "only if you buy today!"
 
The next day I went to the local Honda agency and was able to test drive the manual Honda Fit 2009. Incredible difference!! I was shocked. I had tested the automatic Fit initially and didn't like the cheapness of the interior, but the ride of the vehicle was also not as smooth as the manual!!. So that day I got a price quote for the manual 2009 Honda Fit. The salesman knew I did research already(I kept making a big show and discussion of all my Edmunds knowledge about prices and features), and that I knew what invoice vs MSRP pricing was, so he didn't pull any tricks. My quote was $273 above invoice, but $400 below the TMV pricing! This price was also $1,500 below MSRP! Then I went home and promptly contacted the Edmunds-recommended premier agency that was 155 miles away to see what they could do(I had been interacting with them all along via the Internet-another tip from the "undercover salesman author.") The premier agency could not beat that price, but only equal it. I knew I had the best deal!!
 
The one new piece of advice I would add to this wonderful website is about this whole phenomeneon of "building" the new car you want online.
Watch out! For example, I thought I could buy the manual Honda Fit 2009 Sport Trim, in any of the snazzy colors featured on the website. It turns out it is all based on actual production. Sometimes customers create cars that can't be built too. I will have to wait 3-4 weeks for
a RED Honda Fit manual to be built and arrive...thus causing the expense of renting a car for several weeks to be incurred.
 
I can not describe the thrill of negotiating successfully! I have learned why people do not do research, nor struggle with making comparisons. It was a lot of work and it required doing some math problems. Having the figures handy, figuring the costs, researching the value of products requires time investment, and can make a person's brain hurt. There were times when I had to call local mechanics, auto body shops and other professional experts to get their opinions about
features that salesmen try to put in the deals. It also takes self-discipline to not get swept up into the emotionality and high-pressure some of these sales folk use. I hope this share has helped those who have read. Thank you Edmunds.com!!!
#2172 of 2425
Re: 2009 Fit Sport Auto - Silver [toscabella] by chas0215
Jun 11, 2009 (3:37 am)
Reply

Replying to: toscabella (Jun 10, 2009 5:36 pm)

With all due respect, where are you getting your numbers from? The industry standard for "holdback" is in the 2-3% range. How do you know that a car can cost the manufacturer as little as $5000 to make? What is the source of your information? Even a 7% holdback would not account for the prices well below dealer invoice that are being quoted in this forum. I'm just a consumer like everyone else. Please educate me. Thanks.

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