9/09/2008

Honda Car | How Much Should I Pay: 2008 Honda Accord


Question From Don: I looking for a price on the following 2 Accords - both 4 doors, Mystic Green Ext and Black or Gray Leather Int.

1. Accord EX-L with Nav and 4 cyl

2. Accord EX-L with Nav and V6

My ZIP is 95630.

Thanks, Don

Queen of the Road: Hi Don. The EX-L deals aren’t looking too hot at the moment. Below are 3 “Fair Martket” deals. I recommend you check back with us in another few weeks in case deals pop up.

For a 2008 Honda Accord EX-L V-6 4dr Sedan (3.5L 6cyl 5A),

The Largest Percentage Off MSRP Price: $28,718.00
MSRP: $32,421.00
ePrice: $28,718.00
Savings: $3,703.00
% OFF MSRP: 11.42%

For a 2008 Honda Accord EX-L 4dr Sedan (2.4L 4cyl 5A),

The Largest Percentage Off MSRP Price: $26,695.00
MSRP: $30,520.00
ePrice: $26,695.00
Savings: $3,825.00
% OFF MSRP: 12.53%
AutoBrag rated this deal “Fair”.

2nd Largest Percentage Off MSRP Price: $26,695.00
MSRP: $30,186.00
ePrice: $26,695.00
Savings: $3,491.00
% OFF MSRP: 11.56%

Financial Incentive$:

4.99% APR up to 24 Months.
Vehicle must be financed through the manufacturer captive finance company. Special AHFC APR financing is available to customers who qualify for the AHFC Graduate program.
Offer Expires: 10/6/2008

4.99% APR up to 60 Months.
Vehicle must be financed through the manufacturer captive finance company. Special AHFC APR financing is available to customers who qualify for the AHFC Graduate program.
Offer Expires: 10/6/2008

5.49% APR up to 72 Months.
Vehicle must be financed through the manufacturer captive finance company. Special AHFC APR financing is available to customers who qualify for the AHFC Graduate program.
Offer Expires: 10/6/2008

Explanation of all the info. above: The first blue link breaks down the numbers so that you don’t have to do any math or researching. You’ll see exactly how much money you’re saving if you pay the “Internet Price”. It also lists the National Average Discount, the National Maximum Discount and the National Average Price for each vehicle. We also provide our personal opinion to whether we think the deal is good or not.

If we approve the deal, we’ll show a thumbs up and “Bring Your Checkbook“.

If we think the deal is ok, we’ll show a thumb tilted sideways and “Fair Market“.

If we disapprove the deal, we’ll show a thumbs down and “Keep Shopping“.

The second blue link is the proof you’ll need when you step foot onto the dealership. Don’t leave home without it! It’s the page that shows the price which you’ll be asking for. It’s basically what you need to pull up on their computers if they don’t believe you found that price online form that dealer’s inventory.

So now what? Print out all the blue links above and take them to your local dealerships. But before you go, we highly recommend you call and make an appointment to see the Internet Fleet Manager because he/she should know exactly what you’re talking about. Avoid the floor salesmen, head straight to the Internet Sales Manager.

If they don’t believe your prices, ask to use one of their computers so they can see where these figures came from. It’ll be impossible for them to doubt you because you’re pulling up dealership’s website and checking their inventory. Remember, cars are a commodity so these prices apply everywhere in the U.S. If you want to research more new car prices, poke around on www.AutoBrag.com. Keep us posted with how everything goes.

Follow Up Comment: I received the following quote from a Sacramento dealer:

2008 Accord Sedan EX-L w/ Navi AT I4
MSRP = $28,695
Invoice = $26,305
*Your Price = $26,305

The reply also said: P.S. Remember, all prices include Destination Charge, vehicles are subject to availability, price expires in 72 hours, and price excludes any applicable taxes, fees, or other additional charges.

It seems like a pretty good price from the fleet dealer. Should I try for $25,000?

Queen of the Road: If you settle for $26,305, you’ll only get a 8.3% savings off MSRP. The average discount is 11.8% off MSRP. The maxium discount achievable is 15.3%.

If you ask for $25k, that’s only 12.9% off. I would be ruthless and ask for lower! Hey, it doesn’t hurt to try.

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