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Slickone
- Tired Member
posted: Aug. 22, 2008 @ 9:41a
davelin83 said:Make sure you look up the invoice price online before walking into the dealership. I've had a salesman for a Toyota Corolla tell me that they're selling at invoice, although he tacked on about $500 of "required" marketing charges. Better yet, don't even mention the word invoice so that they won't have a chance to show you a false pricing statement. Bring a calculator, ask the salesman for the exact cost of license/registration, calculate the total out the door price yourself, and then ask for it. This way, there's no time wasted on confusion and turning down useless upgrades and parts that they usually try to throw in. All dealers add on an advertising fee, usually from $200 to $500 and seems most won't remove it, especially on a good selling car like any Honda. Also if it's a new car, there's the destination fee that they won't remove.
MaxRC said:All of the talk about addons, accessories, paint protectors - come on people, none of this is earth shattering news, no need to be so smug about it. The only costs you need to take into consideration are the numbers on the factory sticker, and mandatory government taxes and fees. Everything else can be completely removed from the calculations. Some dealers put up their own additional sticker next to the factory sticker in the window - pay attention only to the factory sticker.
You're saying if they've installed mud guards, trunk net, spoiler, etc, you shouldn't have to pay for them? |
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jschuman
- Senior Member - 4K
posted: Aug. 22, 2008 @ 9:50a
austinpike said:77Rus said:The only price you should ask dealer about is OTD (out-the-door) price. "Under invoice" means nothing, when they start adding fees, rebate taxes and charge you $500 for paint protection. Negotiating on "OTD" just makes you sound ignorant, and makes it easier for them to cloud the deal, imho. There are enough resources out there, you should know what the fees, rebates, and taxes are before going in. That stuff is pretty much fixed, the "paint protection" or any other BS should be easy enough to weed out before you sign. I have completely the opposite mind set on this, I always go with OTD pricing so they do not sucker you into a dealership with a good offer just to find out they always add $XXXX.XX as a bogus fee. |
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JandS
- Senior Member
posted: Aug. 22, 2008 @ 10:33a
davneil said:This comment is for regular buyers not super FWers. I have read all posts and have been lucky in many deals but not in cars. I bought in auction Corolla LE 2009 with 952 miles for 15300. It had a dent on it. I had to pay on top of it 200 dollars auction fees, some 65 dollars towing to dealer, another 70 dollars for entry to auction place and some processing charges. 700 dollars take the dent off. Now the car is for 17619.63 after Tax Tag and title. I found one tire was different than OEM and did not have one key plus a little ding in wind screen with missing mats added on top. This is not to discourage anyone, and last year I bought Honda Accord VP on road with all included for 19400 from dealer around invoice price (2007 model when 2008 was coming in August). I had to add speakers for 100 later on because it does not come with speakers. You don't buy something at an auction and then complain about it. You got what you paid for, by definition. |
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JandS
- Senior Member
posted: Aug. 22, 2008 @ 10:39a
Slickone said: All dealers add on an advertising fee, usually from $200 to $500 and seems most won't remove it, especially on a good selling car like any Honda. Also if it's a new car, there's the destination fee that they won't remove.
The dealer can drop any cost you make him drop. Do not pay those fees or "document" fees. They're simply profit add ons that the industry comes up with to distract you from the out-the-door (OTD) price. As others have said, compare the OTD prices, nothing else. Bottom line, only. When they try to call one price a bottom line and then say at the end "Honda adds these in, I can't do anything about it," get up and walk out, "saying, well see what you can do and then call me." They will either drop it (or more likely say "I'll go haves with you and pay it out of my commission") or call you back. Don't take their crap. Finally in terms of total ownership costs, including maintenance and resale, these are great cars to consider. |
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davelin83
- Happy Member
posted: Aug. 22, 2008 @ 11:05a
This podcast interview of a sales manager at a Honda dealership showed up at another deal forum . MP3 Article For those of you who doubt that dealers make money selling a car at "invoice" and have no choice but to add some fees, you should listen to what the manager has to say. |
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mpkb
- Senior Member - 1K
posted: Aug. 22, 2008 @ 11:16a
JesseLivermore said:IMHO, but Toyota's do not - they have suffered transmission, engine sludge and drivetrain issues (differentials, drive shafts and other issues, including fluid leaks from defective gaskets). Katsuaki Watanabe, the president of Toyota, has publicly acknowledged a quality problem in the last few years. |
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MaxRC
- Senior Member - 3K
posted: Aug. 22, 2008 @ 11:29a
Slickone said: MaxRC said:All of the talk about addons, accessories, paint protectors - come on people, none of this is earth shattering news, no need to be so smug about it. The only costs you need to take into consideration are the numbers on the factory sticker, and mandatory government taxes and fees. Everything else can be completely removed from the calculations. Some dealers put up their own additional sticker next to the factory sticker in the window - pay attention only to the factory sticker.
You're saying if they've installed mud guards, trunk net, spoiler, etc, you shouldn't have to pay for them?Only if you wanted those items. Otherwise, tell them to take it off of the car, or find a car that doesn't have them. |
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softballcatch35
- Broke Member
posted: Aug. 22, 2008 @ 11:32a
bsp8181 said:For the person who recommended the Elantra, I agree with you if you are leasing the vehicle and get a really good deal. The Elantra (and all of Hyundai's recent products) are dramatically improved. However, Hyundai's residuals are still significantly lower than that of its competitors (Toyota/Honda/Nissan/etc), so I would avoid buying a Hyundai if you plan on selling it in the future - or else you will be shocked when you go to sell it and find that it is worth significantly less than you expect. Sorry if this is going OT, but I thought that this was wrong - when you lease a car, you're paying for the depreciation while you're in possession of the car, right? So a car that maintains a higher resale value (i.e., Honda, Toyota, etc) is actually preferable to lease rather than one that depreciates more rapidly such as a Hyundai. I've been looking at leasing a car, and it seems like everything I've read emphasizes that when leasing a car you want to look for the cars that will have the smallest difference between the new car price and the depreciated/resale value at the end of the lease. Or am I wrong? Also, a lot of these incentives also apply for leasing...which may or may not be useful to some people. |
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jschuman
- Senior Member - 4K
posted: Aug. 22, 2008 @ 11:33a
Has anyone been able to find the Odyssey for $4K under invoice anywhere else? I hit several dealers in the midwest area and no one is coming close to this. |
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MaxRC
- Senior Member - 3K
posted: Aug. 22, 2008 @ 11:37a
softballcatch35 said:bsp8181 said:For the person who recommended the Elantra, I agree with you if you are leasing the vehicle and get a really good deal. The Elantra (and all of Hyundai's recent products) are dramatically improved. However, Hyundai's residuals are still significantly lower than that of its competitors (Toyota/Honda/Nissan/etc), so I would avoid buying a Hyundai if you plan on selling it in the future - or else you will be shocked when you go to sell it and find that it is worth significantly less than you expect.
Sorry if this is going OT, but I thought that this was wrong - when you lease a car, you're paying for the depreciation while you're in possession of the car, right? So a car that maintains a higher resale value (i.e., Honda, Toyota, etc) is actually preferable to lease rather than one that depreciates more rapidly such as a Hyundai. I've been looking at leasing a car, and it seems like everything I've read emphasizes that when leasing a car you want to look for the cars that will have the smallest difference between the new car price and the depreciated/resale value at the end of the lease. Or am I wrong?
Also, a lot of these incentives also apply for leasing...which may or may not be useful to some people.What he is saying is that there is a discrepancy between what the leasing company sets as the residual at the end of lease, and what the actual market value of the car will be at that time. In this case, it is better to lease the car, pay for the lower assumed depreciation, than buy+finance the car and lose the greater actual depreciation. Audi did the same thing back when their car resale values were horrible. It was always better to lease an Audi. |
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fourml8r
- Senior Member - 1K
posted: Aug. 22, 2008 @ 12:05p
I'll throw in my 2 cents on my own personal experience.... I just had to replace the transmission on my 7 year old civic (bought it brand new and didn't abuse it) ... odometer just barely turned 100k. Upon doing research, it's apparently not an uncommon problem for early 2000s civics (2001-2003). In my opinion, WAY to early for a transmission to go.
Again, this is just my personal experience and research regarding similar issues via the internet (for as much credence as you give that).
I tried to argue the issue with Honda corporate (as did many other people who posted on the internet) to no avail. The dealer did admit he knew it was an issue that pops up, but that Honda won't cover it (and they didn't). Serves you right, next time by a Chrysler minivan so you are guaranteed the tranny won't hold up past 30,000 and you will get it replaced under warranty for free!!! Come on, you drove it 100K and for 7 years!!!! |
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ekerflooringsystems
- Member
posted: Aug. 22, 2008 @ 12:13p
I paid $30,000 for a 2007 accord out of door last year : ) that s what it is called in euro, in the U.S it is called Accura TSX . |
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ciscoopa
- Senior Member
posted: Aug. 22, 2008 @ 12:43p
The only required fees are normally in RED (at least in NYS) and specifically state so. There are a few bucks for mandatory fees but it's well under $100. Expect to pay a slight bit more if you have the dealer do your registration/plates for you. But hey, the $45 i paid (or thereabouts) saved me a trip to the DMV, filling out some forms, waiting on line, and then installing plates while coordinating with insurance as well...all the while not being able to actually DRIVE the car. Anything else the dealer can work around. There's a "mandatory" fee of XYZ that's written in and they can't change? Watch them drop the vehicle price by XYZ then. Like someone else said, always focus on the FINAL PRICE OUT-THE-DOOR. Also don't let them distract you with your monthly payment amount. 'So with the extended warranty your monthly payment is $500'. OH, without it? Isn't a meager 2 bucks a day worth it for the extended warranty (ahem 2*365*5 years = 3650). That would be a NO. 500 under invoice isn't that impressive overall considering the 2009's are out or will be in a few weeks at most. Dealers are looking to clear lots of 2008 cars ASAP. |
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RunOfTheDill
- Senior Member
posted: Aug. 22, 2008 @ 1:37p
by the way, i dont know if this was mentioned, but I used to work at a dealership and they are simply not dealing on civics right now, My dealership was lucky to discount 200$ off sticker while some dealerships in our area were charging 500 over sticker as a premium. These cars are gonna be really, really hard to get but hopefully honda next year will increse production. I got my 2006 civic right when they came out and my dealership only had two and they were not dealing then as well although I paid 18300 out the door for my LX but a lot of salesmen were mad that a kid in detail got this deal because of who he knew. |
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bryan05
- Happy Member
posted: Aug. 22, 2008 @ 1:41p
davelin83 said:This podcast interview of a sales manager at a Honda dealership showed up at another deal forum . MP3 Article For those of you who doubt that dealers make money selling a car at "invoice" and have no choice but to add some fees, you should listen to what the manager has to say. WOW! Thank you very much. |
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jschuman
- Senior Member - 4K
posted: Aug. 22, 2008 @ 1:51p
McGrath City Honda is not being truthful with their "email" pricing from the first post ... ODYSSEYS $4000.00 UNDER INVOICE. Here's the quote I received when I asked directly about the Odyssey deal ... Our Manager's super low Internet quote for the Odyssey LX is $21033 OTD w/o state tax. Which is about $2400 below invoice and $4850 off the MSRP. Not exactly the $4000 under invoice they claimed in their advertisement.  |
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osaka75
- Member
posted: Aug. 22, 2008 @ 2:00p
Thanks for the link to the interview. A little long but very good. Glad the Honda sales manager was so open about the details. |
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bryan05
- Happy Member
posted: Aug. 22, 2008 @ 3:00p
osaka75 said:Thanks for the link to the interview. A little long but very good. Glad the Honda sales manager was so open about the details. A "little" long? This thing never ends. |
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JesseLivermore
- Tired Member
posted: Aug. 22, 2008 @ 3:19p
ekerflooringsystems said:I paid $30,000 for a 2007 accord out of door last year : ) that s what it is called in euro, in the U.S it is called Accura TSX . You got one of the best cars Honda ever made. The new TSX is horrid in appearance and generic in driving dynamics. The 07 TSX (or Euro spec'd Accord) was a stealth BMW in terms of body rigidity, precision steering and excellent braking. |
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RunOfTheDill
- Senior Member
posted: Aug. 22, 2008 @ 4:40p
be careful as well, I know plenty of dealerships that will give you a price way under invoice and then at the end start tacking things on that they didn't mention earlier. I know a dealership in ohio that once tryed charging for the DVD player that comes standard in the car. They were 2k dollars cheaper then invoice and we told out customer if they could get the price go right ahead, surely they were back in 2 days explaining that as they were signing that 2k they were getting off showed back up on the price for said, DVD player that is already on the car and is part of the price. Just be careful, alot of people will say forget it and just do the deal but if someone is straight forward with you, they are much more desserving of your deal. |
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