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You are in the Prices Paid - Buying & Leasing Experiences
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Honda Fit, Hatchback, Wagon
#2572 of 2642 Used Fit costs more than new
May 23, 2011 (8:48 am)
I am getting ready to replace my 93 Del Sol with a Honda Fit Base AT (avoiding the Sport due to lower mpg & reportedly harsh ride - will upgrade the base with 15" alloys & better tires + progressive Rear Sway Bar still costing less than Sport).
Had my mind all made up to purchase a used 2009. However in doing research, I'm finding that in my area (Seattle / Bellingham WA). Used Fits cost more than new here. Factory invoice on Fit Base AT (incuding shipping) $16,650. I can find no use base models & the cheapest used Sport is $16,690 with 17K miles. Most are $18-20K. I realize these are asking prices, but even according to NADA the average retail for a used 2009 Fit is greater than the cost of new.
Since the 2011s all have VDS & traction control standard, it seems stupid to even consider a used one. So at this point, I am anticipating going to the dealer to order a new Fit Base in Celestial Blue. Am I missing something here?
#2573 of 2642 Re: Used Fit costs more than new [204meca]
May 23, 2011 (11:12 pm)
I'm in the same boat - also looking for a 2011 Fit Base AT in the Seattle area, I'm flexible on colors, and sure don't want to pay MSRP... what are our options?
#2574 of 2642 Re: Used Fit costs more than new [iwls01]
May 23, 2011 (11:50 pm)
As best I can tell there are no Base Fits within 150 miles of Seattle. Dealers don't seem to know when they will get more stock. Best I can tell you will be hard put to get a Fit at MSRP let alone less.
So, options are limited:
1. Wait till the market adjusts downward
2. Go for a different car
3. Pay an exhorbinant, premium price for a Fit, basically bashing the low ownership cost of the vehicle.
#2575 of 2642 Re: Used Fit costs more than new [204meca]
May 24, 2011 (9:09 am)
You might also consider the Insight, which appears to be a slightly larger version of the Fit.
#2576 of 2642 Fit vs Insight
May 24, 2011 (9:38 am)
Thanks for the suggestion Plekto.
Assuming you are talking about the 2011 Insight Hybrid hatchback, I don't find it larger than the Fit in terms of passanger or cargo volume. I have looked at ( I like the look) & driven the Insight; here is what I found. The Insight is a hybrid that will better the Fit by 10-20% mpg, but is a small, streamlined hatchback is no match for Fit in terms of versatiity - if one needs or wants hauling space.
On the road the Insight was OK, but not inspiring in any way. For my short legged physic, I found that the front of the seat bottom put excess pressure on my thighs so I couldn't drive it comfortably - deal breaker.
#2577 of 2642 Re: Fit vs Insight [204meca]
May 24, 2011 (4:39 pm)
Well, if you want a better version of the Fit, there are other options out there. The problem in my mind with the Fit is that while it's cute and all of that, it tries too hard to be a micro-van. Yet, the rear hatch opening is much smaller than the loading floor/cargo area. It really doesn't work very well for actually carrying things. Case in point - you can't fit a 30X30 box through the opening. The rear seats are nice, but it's all a bit too basic for the price. I think Honda is simply charging 2K more because they feel that they can. There should be a few more options such as leather if you really want it and so on. Maybe a premium sound kit for the extra money.
But most things that have good cargo area end with "lander" and so on and have massive tires and 4WD. And about 18mpg...
- The Matrix is a good choice. The interior is as plastic as a tupperware party. But it is a good alternative. You can get a Matrix for less than a Fit.(truecar or similar) There's no question that the Matrix is a better and more solid car. It's not a fast seller and so you can get them for far less than MSRP now. The manual is better, of course, giving you better MPG and performance in traffic. Toyota makes superb manual transmissions as well. Pretty much on par with Honda, IME.
The Fit's problem area is the rear bottom sil is extremely rounded and that gives you geometry that won't actually "fit" a 30x30 box. I mention this as it's a fairly standard size for shipping and a lot of furniture from IKEA and similar places comes with that as a pretty normal dimension on one side. The Matrix has no such issue by comparison. So lots of cargo can actually slide in instead of having to be angled and arranged. Also, carpet sucks for cargo - the Matrix has the right idea for actually hauling stuff around.
**Stuff to avoid**
- The Kia Shoe (I mean Soul) is right out, as is the Puke (I mean Juke), just because it's also just too ugly to actually say "I own this!" to your neighbors. There's more pride in owning a panel van than in a Juke. At least you can lie and say "It's for work" or "It's made in the U.S.A." or something... And the Cube, well, you might as well get the original cube - an Element. At least that thing's somewhat useful despite being completely retarded looking.
- VW makes great hatchbacks and wagons. But reliability is poor. Pass. Shame, too, since their TDIs do get great fuel economy.
**alternatives to consider**
A small SUV if it got high enough MPG might also work. But most are frightfully expensive. (RAV4 for example) Two come to mind, though, because they are cheap, and that is good.
- The Equinox gets 22/32 mpg, which is pretty high for a small SUV. It can carry a lot of cargo and people and isn't actually a bad vehicle. You can get a CPO base model for about 16-18K a year or two old, and even in base trim, it's far nicer than the Fit inside. CPO and GM is a match made in heaven as you let some other sucker eat the depreciation and often you can get a lot of nice trim items thrown in as well. GM makes very nice interiors I have to admit.
- The other one that I recommend even more, though, is a bit out of left field for many. It's the Jeep Patriot. It has fantastic interior space and feels like an up-sized Fit in many ways (ie - basic box to get around in with lots of glass and space for the money). The only potential gremlin in the mix is that you absolutely must buy it with manual as Chrysler makes decent manuals but their automatics, especially their CVTs, are hopeless.
23/29 mpg is pretty decent. With manual, you can get over 30mpg quite easily on the highway. And of course, you also can get a 2WD base model about 15-16K with decent options added. Cheap and tough and hauls a lot of stuff around. Also doesn't look like everyone else's jellybean. The rear seats also recline and the interior is at least as nice as the Fit's(seats are more comfortable for sure). It impressed me. And then I saw the stupidly low prices they are selling for. We're talking almost Yaris cheap for a base model, especially at the end of the year.
Truecar has one listed near me with nothing but AC (kind of required, ya?) for $15,300. Jeep is running $1500 in rebates until the end of the month - but they get better when the new models come in. Compared to a base Fit, it's a pretty close call in terms of what it has and doesn't have. Of course, you can load it up, but your best bet is to keep it as bare as possible to save money.
The 3-4K difference in cost buys at least the first two years fuel (lower insurance and interest paid on the loan as well as tax and license as well - it's closer to 5K out the door less money. Or about 32K miles in your tank, even at today's silly prices.
4x4 might be a good option, though - for $18K, it'd be much better in cold weather. (it actually can do off-roading with the manual and 4x4 unlike most SUVs) (18K with a/c,side airbags, 4wd, and the interior/power group)
$18K for this or almost $18K for a Fit... Just saying...
At least you're getting what you're paying for, and $18K for a Fit by the time you deal with dealer gouging does beg the question why not get a better vehicle for $20-25K? If economy is your real goal, the Fit is just too close to the price of a good midsize sedan, let alone something like a base Mustang. Base model is $22K(Truecar). It gets 30mpg highway and has 300hp. Worth $4K more? Well, DUH. And that's before year-end rebates come rolling around and make it closer to $20K.
Cheap family and cargo hauler? Patriot.
More money? Matrix or maybe a small SUV. Or a much better car and forget the cargo area. Honda's loosing sales at this point as they've raised their price over the years (base was $13850, now $15850) and the dealers are still asking MSRP.
Note- I do like the Fit, but paying MSRP or more on a car that came out five years ago just simply turns me off.
#2579 of 2642 Used Fit costs more than new
May 26, 2011 (11:33 pm)
iwls01: I finally found a 2011 Base Fit (last one in W WA I believe) that the dealer was were asking $2,400 over MSRP. I swallowed my pride & paid $1,400 over MSRP (something I swore I would never due). In retrospect, truth be known, I lost my head on this deal after hearing that new Fits may not arrive in the U S for another 6 months or more -- time will tell. So our family has its eighth Honda & I console my bruised ego saying over 5-10 years, it won't be a big deal.
The only Fit 2009 & newer that I could find that less than 17,900 was a private party 09 Sport on Whidbey Island with Nav, TC, VSC & AT with 27K miles for 16,600. Sounded good, but my wife quickly quashed any ideas of purchase when she saw that it was purple. If you don't mind purple, it sounds like a "great buy" in today's market. look it up on craigslist
#2580 of 2642 Re: Used Fit costs more than new [204meca]
May 28, 2011 (10:26 pm)
Congratulations on your new Fit, 204meca! I've been calling around and south tacoma, bellingham and everett dealers are all telling me that they have the "only" base Fit in WA. Did you happen to grab the car from one of those dealers?
I'll take my chances and wait for the new base to come in, hopefully in a couple months or so. Thanks for sharing the info, enjoy your new car!
#2581 of 2642 Re: Houston Pricing on Auto Sport Fit Needed... [monkeygod]
Jun 01, 2011 (8:27 am)
Just purchased a 2010 FIT Sport AT with 8,000 miles for 18,2xx OTD memorial day weekend. Like you said a new one would have been nice but they add on between $600-$1500 in stupid add ons. A new one would have cost me almost $2,300 more. They're are no base FITs in Houston(only 1 at David McCall Honda and its manual) but there is plenty of sport models. Sterling McCall has the least amount of add ons on their vehicles and they're great to deal with. This is my second Honda purchased through them.