There is (in Canada) about a 25 hundred dollar mark-up. Year end sales events typically would see about 1 thousand dollar price reduction and also, a Honda rebate/Trading Dollar. The "trading dollars" have nothing to do with a vehicle trade. Trading dollars are never announced/advertised, but used at the dealers discretion on how much they want to entice a customer. This trading dollar amount from Honda varies depending on the model and time of year. If you got BOTH the dealership price reduction and the Honda trading dollars, then you would have seen about a 25 hundred dollar price reduction in total. IF you got that kind of deal, then you would have gotten a great deal. There's nothing wrong with the dealership making a profit, it just has to be fair. A 15 hundred dollar profit margin on that vehicle is hardly unfair. Interest rates vary across the country and are typically non-negotiable. You take what you get. Usually on year end model's, the rates are lower than when the next model year just comes out. Resale values are typically about 55-60 percent retained value after 4 years with normal annual mileage of 24,000km/year.
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