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Old 06 Sep 2007, 06:00 am
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Default I bought an accord. want to know if i had a good deal?

i got an 06 accord, new one that had like 6 miles on it.EX-L (ex with leather seats), but no navigationfor 22000 with 6.64 apr for 2 years.was this a good deal? at the time of purchase i thought it was, but now that i found out the 3k discount on previous years' cars was almost what all the other dealers offered, i wonder if i couldve gotton a better deal.. maybe like 21k.was this a good buy?and how less will the resale value be when i sell it later?
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Old 06 Sep 2007, 06:04 am
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Considering Honda reliablity thats a great deal for an accord. You cant complain about 1 or 2k on a car that will last you 200,000 + miles (if taken care of) and will have a higher than average resale value.
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Old 06 Sep 2007, 06:10 am
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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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Old 06 Sep 2007, 06:18 am
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You did fine they are a good car, enjoy it for as long as you have it. Keep up the regular maintainence and it will last for years and miles plus the resale value will be good too. Don't let anyone or yourself second guess what deal you got. Yo own a Honda a very relable and dependable car.
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Old 06 Sep 2007, 06:28 am
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It's a little late to be asking the question.
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  #6 (permalink)  
Old 06 Sep 2007, 06:36 am
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i am a salesmanager for a honda dealership and you did pretty good. you might have saved another 500.00 but depending on when you bought it you should be very happy if you got a color that you like. the problem was that no body has anymore of them so the color availability is what would be hard. for five hundred bucks at best you did very well. just sit back and enjoy the car. as far as rate that is the best rate that is available right now so you did well there as well. congrats!!
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