Honda Car Forum

In article <NTxGd.56$jg6.53@fe37.usenetserver.com>, John W
<jward2NOSPAM@fuse.net> wrote:

> I'm buying a 2005 Honda Accord EX V6 sedan. The MSRP is $26,800 & invoice
> price is $24,024. The dealer is selling the car for $90 under the invoice
> price. I'm financing the car over 60 months at 2.9%. I'll be putting $2,500
> down on the car so the monthly payment including the 2.9% financing & 7%
> Ohio sales tax is $411.08 a month. Does that sound like a fair price or do
> they have slack to come down more? I wouldn't think there would be as much
> room on a Honda as some other cars to deal but figured I'd get a second
> opinion before I say yes to the deal.
>

I bought a 2004 Honda Accord EX-V6 last May for $800 UNDER invoice.
Granted, it was somewhat later in the model year than your planned
purchase, but the message is clear. Honda manufacturers ALOT of
Accords, and dealers do not need to get a great deal of profit per
car in order to make a good return on investment. The price that
dealers really pay for the car is not the invoice price, although that
is a good point of departure.

I suggest you get some quotes from internet capable dealers.
Edmunds.com is a good place to start. I am guessing that you can
do hundreds of dollars better.

--
Harvey J. Cohen, Ph. D.
-------

"The difference between fiction and reality is that fiction has to make
sense." - Tom Clancy

------------------------------------------------------------------

How did you convince the salesman that he doesn't need to make any money on
the car? $800 under invoice would eat up most if not all of the holdback
money.

Thanks,
Richard

"Harvey J Cohen" <hjcohen@adelphia.NOSPAMnet> wrote in message
news:170120050926515084%hjcohen@adelphia.NOSPAMnet ...
> In article <NTxGd.56$jg6.53@fe37.usenetserver.com>, John W
> <jward2NOSPAM@fuse.net> wrote:
>
>> I'm buying a 2005 Honda Accord EX V6 sedan. The MSRP is $26,800 & invoice
>> price is $24,024. The dealer is selling the car for $90 under the invoice
>> price. I'm financing the car over 60 months at 2.9%. I'll be putting
>> $2,500
>> down on the car so the monthly payment including the 2.9% financing & 7%
>> Ohio sales tax is $411.08 a month. Does that sound like a fair price or
>> do
>> they have slack to come down more? I wouldn't think there would be as
>> much
>> room on a Honda as some other cars to deal but figured I'd get a second
>> opinion before I say yes to the deal.
>>
>
> I bought a 2004 Honda Accord EX-V6 last May for $800 UNDER invoice.
> Granted, it was somewhat later in the model year than your planned
> purchase, but the message is clear. Honda manufacturers ALOT of
> Accords, and dealers do not need to get a great deal of profit per
> car in order to make a good return on investment. The price that
> dealers really pay for the car is not the invoice price, although that
> is a good point of departure.
>
> I suggest you get some quotes from internet capable dealers.
> Edmunds.com is a good place to start. I am guessing that you can
> do hundreds of dollars better.
>
> --
> Harvey J. Cohen, Ph. D.
> -------
>
> "The difference between fiction and reality is that fiction has to make
> sense." - Tom Clancy
>
> ------------------------------------------------------------------



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That price doesn't seem bad at all and I am a bargain shopper..

I would also check the price on carsdirect.com

The dealer is entitled to make some profit. The amount of profit is up to
you in a way. Even with the kickback they are not ripping you off.


"John W" <jward2NOSPAM@fuse.net> wrote in message
news:NTxGd.56$jg6.53@fe37.usenetserver.com...
> I'm buying a 2005 Honda Accord EX V6 sedan. The MSRP is $26,800 & invoice
> price is $24,024. The dealer is selling the car for $90 under the invoice
> price. I'm financing the car over 60 months at 2.9%. I'll be putting
> $2,500 down on the car so the monthly payment including the 2.9% financing
> & 7% Ohio sales tax is $411.08 a month. Does that sound like a fair price
> or do they have slack to come down more? I wouldn't think there would be
> as much room on a Honda as some other cars to deal but figured I'd get a
> second opinion before I say yes to the deal.
>
> Thanks,
>
> John
>
>

"Sparky" <nemo@moon.sun.edu> wrote in message
news:C2NGd.7306$kb5.404@fe10.lga...
> Howard wrote:
>
> > Yeah, they got room. They could forgo the few dollars holdback they'll
> > receive after they sell you a car for a $90 loss. And yeah, they could
give
> > away the few dollars they make on the financing. What the hell, why
allow
> > them to make anything? You'd do the same in your business wouldn't you?
>
> My heart really bleeds for the poor dealers. [not]
>
> When demand is high for an especially hot model, dealers can & do sell
> them for well over the MSRP, sometimes $1,000's more. It's supply &
> demand, if you can negotiate the price down, only a fool wouldn't. Let
> the dealer worry about his own ass (just think of the profit from the
> service & parts depts).

Honda Accord's used to go for near msrp in the '80s right? I seem to
remember they were hot right around the time before they starting
manufacturing them in Marysville(?) Sounds like the guy got a reasonable
good deal on his EX if that's the car he wants. The '05's look kinda flimsy
though. Someone in the neighborhood has one and I don't think I'd plunk
down that kind of money for the car.

>
> Wal-Mart has no scruples about throwing its economic weight around, does
it?