Last post on Feb 27, 2008 at 8:47 AM
You are in the Vans & Minivans
What is this discussion about?
Toyota Sienna, Honda Odyssey, Chrysler Town and Country, Dodge Caravan, Hyundai Entourage, Mazda MAZDA5, Kia Sedona, Car Comparisons, Car Buying, Van
#930 of 1261 Re: Price Tracking [dennisctc]
Nov 30, 2007 (10:26 am)
I meant 2007 Odyssey.
The 2008 Odyssey is a refresh, new VCM for the engine, minor face-lift. That's probably why the 2007s are a bargain.
However...the changes are really pretty minor. Good timing, IMHO.
The incentives on the Sienna are only about half what they were in May. I predict they will increase, so my advice for Toyota shoppers is to wait. The redesign should come out for 2009, so towards the end of the 2008 run they will be bargains again.
For Dodge, if it were me, I would wait. I agree with you.
Side note: before I was ready to buy, I found a leftover 2006 Dodge Grand Caravan SXT for a whopping $20,600 price. This is without any special employee discount, just a left over they were anxious to unload.
I was very, very tempted. I didn't like it as much, and that particular one didn't have side curtain air bags, but still, that's a bargain! I'll admit, it was tempting.
By the time I was ready to buy, the same van was about $22k and change. Still no SAC for that price. Plus, the deal just wasn't as sweet.
#932 of 1261 Re: Price Tracking [dennisctc]
Nov 30, 2007 (11:35 am)
Now is not the time to buy a Chrysler, first model year of a new design, no incentives
But there are incentives!! $1500 rebate is not anything to sneeze at. Also the incentives will probably not get as great as they do at the end of a model's run. They probably will get greater, but not $5000 like the 07 did because that model was getting discontinued. I didn't want to wait as the 08 T&C looks like a lot of fun. Plus EC numbers are easier to come by at the end of the year as the employees can give 2 out a year and if they haven't used them yet, they will get wasted. They will get 2 more again in Jan. So it depends upon your situation.
#933 of 1261 Re: Exactly [ateixeira]
Nov 30, 2007 (11:50 am)
EXCELLENT analysis, atexieria...
You are totally spot on and I think a lot of people miss the point you are making. And not only was poor han's timing off in terms of pricing, he also got a somewhat inferior vehicle because of the powertrain switch, which prompted CR to move the Sienna 2 points ahead of the Ody (93-91--both exceptional scores).
Han should try CarMaxing his van--he'll get a better price.
I made the same calculation, which is why I went with the ody. Vehicle MSRP is around $32, give or take a few hundred depending on dealer added accessories. Reading the prices paid forums on this board prompted me to start investigating minivans when we decided that's what we wanted--I was initially surprised that the Ody was being moved with such big discounts. Like many other dumb consumers, I assumed that Honda products wouldn't see those kinds of discounts.
When I started shopping in early October, my first round of quotes on the Ody were around $26.5. Just a month later, I ended up paying $25.2, which I determined was pretty much the floor in Ody prices (time will tell if I was right, but you also have to factor in diminished inventory--in my case, there were only 4 vehicles left in my color preference in my DC tristate area).
And to further back up your case, there's an Ody identical to mine at CarMax only used with 11k miles, and they're selling it for $29k. (yeah, I know, CarMax, but since I sell my cars to CarMax, I see that markup on my end too).
In that time, we took a hard look at the Ody AND the Sienna. I knew that the Sienna wasn't as good a deal, but I also knew that at some point in the future, it would become a better deal. So I figured that if we liked the Sienna substantially more, we would go ahead and pass on the great-deal Ody, and wait for Sienna prices to fall. I didn't want to end up with a vehicle I didn't entirely want, even if it was a better deal (like you and the DGC).
As it turned out, even if all money was equal, we actually preferred the Ody EX-L to the Sienna XLE. The price difference, of course, was huge--about the same as the price difference between an 07 Ody and an 08 ($4k or so).
If I wanted a Toyota, I would certainly wait. If I wanted a DGC or CTC, I'd wait for two reasons--#1, a product that new that has a $1500 rebate is a sign that demand is not as high as the manufacterer would like, and it is very likely that the rebate will increase, and #2, first year of a new model, I'd wait to see what the problem areas are if possible (sometimes its not, I need a hybrid pronto last year for HOV lane reasons and bought a Camry Hybrid in the first year--just took a chance).
Anyway, great post, I hope others take your advice.
#938 of 1261 Consumer Reports posts move to
by KarenS HOST
Nov 30, 2007 (1:03 pm)
Consumer Reports/JD Power Rankings
This is the last time I'm going to remind everyone that this discussion is about 2008 Minivans. Any further off topic posts will be moved/deleted without notice.
#939 of 1261 Re: Price Tracking [maryh3]
Nov 30, 2007 (2:12 pm)
But there are incentives!! $1500 rebate is not anything to sneeze at.
That's really not much. I'm spoiled by my last Dodge purchase.....$4500 EC discount, and $3500 rebate and some dealer incentive was worth $9000 off $29k sticker. Also, I'm thinking maybe the Buick Enclave CUV.....test driving it really shocked me - It was the most impressive car I drove since my BMW 3 Series.