Low Selling Prices = Lower Resale?
#41
Awesome avatar joerockt!
Yeah, you hit the nail on the head. I was looking at a Pontiac GTO in January '05 because dealers were stuck with '04s when '05s started arriving. Then, the GTO could've been purchased for $19k to $21k through a combination of deals, the car's sticker was around $32k. This is a car that has the Corvette motor and tranny!
How do you sell a car like that after a couple of years? Even with near invoice purchases, the TSX should hold it's value much better than the norm.
Yeah, you hit the nail on the head. I was looking at a Pontiac GTO in January '05 because dealers were stuck with '04s when '05s started arriving. Then, the GTO could've been purchased for $19k to $21k through a combination of deals, the car's sticker was around $32k. This is a car that has the Corvette motor and tranny!
How do you sell a car like that after a couple of years? Even with near invoice purchases, the TSX should hold it's value much better than the norm.
#43
Originally Posted by GIBSON6594
Maybe i'm not understanding the question, but resale is a percentage of residual value of the car. The value after a certain amount of time doesn't really how that much to do with the original price.
Ex. $50,000 Audi A6 after 3 years=$31,000
$50,000 M3 after 3 years=$43,000
Obviously the lower the price of the car, the lower the resale price, but the price itself doesn't affect depreciation.
Ex. $50,000 Audi A6 after 3 years=$31,000
$50,000 M3 after 3 years=$43,000
Obviously the lower the price of the car, the lower the resale price, but the price itself doesn't affect depreciation.
#44
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Originally Posted by lilballa
I got mine $27,400, for non-nav, automatic '06...is that bad? It includes tax, plate, and detination charge
#45
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Originally Posted by Motohip
Detonation charge?!?!
#46
Still Lovin my 06
Originally Posted by joerockt
Maybe with other cars, but the TSX is holding its value extremely well. Many of us 04 drivers got great deals when we bought, but that hasnt affected the resale value of this car. Check a few posts up, my 04 with 15K miles is still worth 24-25K.
No doubt, if GM was selling cars last year at employee discounts, the value of those cars will drop signifincatly. Since Honda dosent do this, values still remain high...
No doubt, if GM was selling cars last year at employee discounts, the value of those cars will drop signifincatly. Since Honda dosent do this, values still remain high...
it's mostly just negotiation. whereas american cars are "discounted" with rebates and incentives. if the american's picked a slightly lower price....let's say they have a $30,000 car, with a $2,500 rebate.... why not just make the car $28,500-29,000 and let the public negotiate prices. this way, you'd always know the solid initial value of the car. i think american cars would retain their value a little better, and the companies wouldn't have to worry about all these promos and incentives etc etc.
but what do i know? seems to be working fine for the foreign companies.
#47
Still Lovin my 06
Originally Posted by lilballa
I got mine $27,400, for non-nav, automatic '06...is that bad? It includes tax, plate, and detination charge
#49
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Originally Posted by bradykp
seems like if you were in cali you coulda got the navi model for the same price. plus tax.
Best of luck and tell 'em I sent you... maybe I will get a credit!
#51
Still Lovin my 06
private party values are rarely attainable...unless you have patience. the trade in value is the "value" of your car IMO. but it's safe to assume you could sell it for at least $2,000 over the trade in, so i wouldn't say it's far from $24/25k
how do you only have 15,000 miles on a 2004?
i have 2,500 on my 06 and have had it 6 weeks!
#52
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Originally Posted by bradykp
private party values are rarely attainable...unless you have patience. the trade in value is the "value" of your car IMO. but it's safe to assume you could sell it for at least $2,000 over the trade in, so i wouldn't say it's far from $24/25k
how do you only have 15,000 miles on a 2004?
i have 2,500 on my 06 and have had it 6 weeks!
how do you only have 15,000 miles on a 2004?
i have 2,500 on my 06 and have had it 6 weeks!
I drive 8 miles to work and back.
#53
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Originally Posted by joerockt
If Kbb says this is what its worth, then thats what I have to go on The three cars I sold went for very close to Kbb value, though it did take over a month to sell...
I drive 8 miles to work and back.
I drive 8 miles to work and back.
Yeah, the cars we sold generally I let go for less than "private party" but significantly more than "trade in" value. I would consider the "trade in" value to be the floor.
#54
Originally Posted by jlukja
But...
The TSX is a tailgating machine! Dammit Jim! I'm only an old country doctor!
On another note, I wish the selling prices came down before I purchased mine ehh...I still would have bought my beloved Seattle Seahawks Tailgating TSX anyway
#55
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Originally Posted by CJams
That was TSX related!
The TSX is a tailgating machine! Dammit Jim! I'm only an old country doctor!
On another note, I wish the selling prices came down before I purchased mine ehh...I still would have bought my beloved Seattle Seahawks Tailgating TSX anyway
The TSX is a tailgating machine! Dammit Jim! I'm only an old country doctor!
On another note, I wish the selling prices came down before I purchased mine ehh...I still would have bought my beloved Seattle Seahawks Tailgating TSX anyway
Dude, fuck your Seahawks, quit shitin up threads!
#56
I am helping my sister search fir a 06 w/nav. The best price I got so far is $2500 MSRP here in the bay area. i"m trying to get $3000 off..
I just got off the phone with a manager at one of the acura dealership where he was following up with me. He had offered me $2500 off MSRP but I wanted $3000 off and I mentioned the "holdback" they were getting. He said, "well, we are selling the car base on the market right now and they are in demand". I was like OH PLEASE!!! If they were, then why did each acura dealer have so many on their floor, it's obvious there not flying off the lot!
He said at $3000 off, it was below invoice. i said well, you have the dealer holdback, so you get the car below invoice...... he didn't say anything.
I just got off the phone with a manager at one of the acura dealership where he was following up with me. He had offered me $2500 off MSRP but I wanted $3000 off and I mentioned the "holdback" they were getting. He said, "well, we are selling the car base on the market right now and they are in demand". I was like OH PLEASE!!! If they were, then why did each acura dealer have so many on their floor, it's obvious there not flying off the lot!
He said at $3000 off, it was below invoice. i said well, you have the dealer holdback, so you get the car below invoice...... he didn't say anything.
#57
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See?
Originally Posted by mickey513
I am helping my sister search fir a 06 w/nav. The best price I got so far is $2500 MSRP here in the bay area. i"m trying to get $3000 off..
I just got off the phone with a manager at one of the acura dealership where he was following up with me. He had offered me $2500 off MSRP but I wanted $3000 off and I mentioned the "holdback" they were getting. He said, "well, we are selling the car base on the market right now and they are in demand". I was like OH PLEASE!!! If they were, then why did each acura dealer have so many on their floor, it's obvious there not flying off the lot!
He said at $3000 off, it was below invoice. i said well, you have the dealer holdback, so you get the car below invoice...... he didn't say anything.
I just got off the phone with a manager at one of the acura dealership where he was following up with me. He had offered me $2500 off MSRP but I wanted $3000 off and I mentioned the "holdback" they were getting. He said, "well, we are selling the car base on the market right now and they are in demand". I was like OH PLEASE!!! If they were, then why did each acura dealer have so many on their floor, it's obvious there not flying off the lot!
He said at $3000 off, it was below invoice. i said well, you have the dealer holdback, so you get the car below invoice...... he didn't say anything.
It's sad when peeps don't even think twice about doing this, and it isn't even the end of the model year (when it would be justifiable).
I understand the whole negotiating process pretty well...it is about getting and agreeing on terms that are good for both sides, and seems to be most prevalent in the car industry. Yet in other retail environments, if you don't have $4.19 for a value meal from McDonald's, then you don't get the value meal. When the cashier rings you up at the grocery store, and your food will cost $200, do you tell him/her that you will only pay $180? Do you get all of the food that was just rung up for $180?
And I thought the foreign market was a lot different from the domestic market.
Diggs
Hell...once you work them that far into the holdback, you might as well try to get free oil changes, wheel locks, and whatever else you can think of thrown into the deal. Since you like making the whole buying process way more difficult than it needs to be.
#58
Originally Posted by Dirk Diggs
So what you're saying is, you won't be completely happy until the dealership makes no money, even though they have already given you $2500 off? You should be embarassed for being such a mooch...
It's sad when peeps don't even think twice about doing this, and it isn't even the end of the model year (when it would be justifiable).
I understand the whole negotiating process pretty well...it is about getting and agreeing on terms that are good for both sides, and seems to be most prevalent in the car industry. Yet in other retail environments, if you don't have $4.19 for a value meal from McDonald's, then you don't get the value meal. When the cashier rings you up at the grocery store, and your food will cost $200, do you tell him/her that you will only pay $180? Do you get all of the food that was just rung up for $180?
And I thought the foreign market was a lot different from the domestic market.
Diggs
Hell...once you work them that far into the holdback, you might as well try to get free oil changes, wheel locks, and whatever else you can think of thrown into the deal. Since you like making the whole buying process way more difficult than it needs to be.
It's sad when peeps don't even think twice about doing this, and it isn't even the end of the model year (when it would be justifiable).
I understand the whole negotiating process pretty well...it is about getting and agreeing on terms that are good for both sides, and seems to be most prevalent in the car industry. Yet in other retail environments, if you don't have $4.19 for a value meal from McDonald's, then you don't get the value meal. When the cashier rings you up at the grocery store, and your food will cost $200, do you tell him/her that you will only pay $180? Do you get all of the food that was just rung up for $180?
And I thought the foreign market was a lot different from the domestic market.
Diggs
Hell...once you work them that far into the holdback, you might as well try to get free oil changes, wheel locks, and whatever else you can think of thrown into the deal. Since you like making the whole buying process way more difficult than it needs to be.
#60
Still Lovin my 06
Originally Posted by mickey513
You are probably the STUPIDEST guy on this board. Who here on this board does not want the lowest price they can get? Who here on ANY car forum does not want the lowest price they can get? Dude, if you like to pay the extra $$$ out your ass, please go ahead but me and the majority on this forum sure don't want too. Heck the guy who posted this thread orginally got his car for $600 below invoice, so are you calling him stupid? You should be embarassed for being someone with a low IQ and paying too much!
i don't think he said it in the best way, but he has a point. $2,500 off msrp is pretty damn good, as that's below invoice already right?
i paid $2300 off msrp + dest. i'm happy with my purchase, and so was the dealer. no biggie. congrats to the people who get lower prices.
#61
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Originally Posted by Dirk Diggs
So what you're saying is, you won't be completely happy until the dealership makes no money, even though they have already given you $2500 off? You should be embarassed for being such a mooch...
It's sad when peeps don't even think twice about doing this, and it isn't even the end of the model year (when it would be justifiable).
I understand the whole negotiating process pretty well...it is about getting and agreeing on terms that are good for both sides, and seems to be most prevalent in the car industry. Yet in other retail environments, if you don't have $4.19 for a value meal from McDonald's, then you don't get the value meal. When the cashier rings you up at the grocery store, and your food will cost $200, do you tell him/her that you will only pay $180? Do you get all of the food that was just rung up for $180?
And I thought the foreign market was a lot different from the domestic market.
Diggs
Hell...once you work them that far into the holdback, you might as well try to get free oil changes, wheel locks, and whatever else you can think of thrown into the deal. Since you like making the whole buying process way more difficult than it needs to be.
It's sad when peeps don't even think twice about doing this, and it isn't even the end of the model year (when it would be justifiable).
I understand the whole negotiating process pretty well...it is about getting and agreeing on terms that are good for both sides, and seems to be most prevalent in the car industry. Yet in other retail environments, if you don't have $4.19 for a value meal from McDonald's, then you don't get the value meal. When the cashier rings you up at the grocery store, and your food will cost $200, do you tell him/her that you will only pay $180? Do you get all of the food that was just rung up for $180?
And I thought the foreign market was a lot different from the domestic market.
Diggs
Hell...once you work them that far into the holdback, you might as well try to get free oil changes, wheel locks, and whatever else you can think of thrown into the deal. Since you like making the whole buying process way more difficult than it needs to be.
This is the dealers fault for allowing dealing to happen...And I hope it never ends
$2500 is great, but hell if you can get more, I say more power to ya.
#62
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Sorry...
I need a cooling off period before I post sometimes because I get too touchy.
Sorry for the "poopy" attitude.
And yeah...I meant you should be fair to the dealer, but if they'll let it happen...I guess it is their fault.
Just look at where Ford and GM are going.
I still think there should be a point where people should be embarassed though.
And I wouldn't ever use the "you're stealing food from my baby's mouth line"...lol...I don't have a kid.
Diggs
PS...you're stealing food from my doggie's mouth.
EDIT: I NEVER called anyone stupid either.
Sorry for the "poopy" attitude.
And yeah...I meant you should be fair to the dealer, but if they'll let it happen...I guess it is their fault.
Just look at where Ford and GM are going.
I still think there should be a point where people should be embarassed though.
And I wouldn't ever use the "you're stealing food from my baby's mouth line"...lol...I don't have a kid.
Diggs
PS...you're stealing food from my doggie's mouth.
EDIT: I NEVER called anyone stupid either.
#63
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Dirk, dont mind that n00b. I think its great that we have a inside sales guy from another car company. Gives us a different perspective.
And besides, can you honestly say that ALL buyers come away from a deal leaving the sales guy with practally no commish? I'd be curious to know how many people in a week get a thousands of dollars off deal and how many others get just a few hundred off...
And besides, can you honestly say that ALL buyers come away from a deal leaving the sales guy with practally no commish? I'd be curious to know how many people in a week get a thousands of dollars off deal and how many others get just a few hundred off...
#64
Drifting
I'm all for getting a good deal. But come on, the dealership cleaned the car, inspected it through delivery, and kept the car in stock on the lot. Then they've got the pay utilities, salespeople, operators to answer phones, etc...
You have to let them make SOME money. Everyone in the whole world wants the best deal possible. But you can't honestly expect the dealer to dig into their holdback from the factory. Then what else do they have to earn? You expect them to sell you a car earning nothing??? They would probably rather not sell it then. Just relax... he was offering you good deal already.
You have to let them make SOME money. Everyone in the whole world wants the best deal possible. But you can't honestly expect the dealer to dig into their holdback from the factory. Then what else do they have to earn? You expect them to sell you a car earning nothing??? They would probably rather not sell it then. Just relax... he was offering you good deal already.
#65
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Originally Posted by Alin10123
Then what else do they have to earn?
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The great thing about Hollywood's price is that they straight out offered them that price. It didn't sound like he haggled at all. One dealer gave him xxx and the other dealer did better.
I think all of us want to get the best price available.
Hollywood's price is hands down the best I've seen for an 06/navi, and I'm in the middle of ordering a car w/ a different dealership and we had agreed that we had a tentative price no more than $600 over invoice. This was back in the end of December, so it was a pretty good price then. But two months later, w/ multiple dealerships in LA asking for $400-500 BELOW invoice is a big shock. I told my dealer about the other area dealerships and their prices. I told him that I don't expect him to match the other ones, but to at least meet somewhere in the middle where it's still good for both of us. He appreciated that, so we'll just see how everything turns out in a month when I get the car.
I think all of us want to get the best price available.
Hollywood's price is hands down the best I've seen for an 06/navi, and I'm in the middle of ordering a car w/ a different dealership and we had agreed that we had a tentative price no more than $600 over invoice. This was back in the end of December, so it was a pretty good price then. But two months later, w/ multiple dealerships in LA asking for $400-500 BELOW invoice is a big shock. I told my dealer about the other area dealerships and their prices. I told him that I don't expect him to match the other ones, but to at least meet somewhere in the middle where it's still good for both of us. He appreciated that, so we'll just see how everything turns out in a month when I get the car.
#67
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Originally Posted by IlliNorge
I'm willing to bet all these great deals in SoCal are on 5AT's. It seems Acura has recently flooded the market with 5AT's, while leaving the 6MT's as scarce as water in a desert. It is virtually impossible to get a 6MT at anything close to those prices, especially if you have to order.
#68
Patients paid off for me. Just picked up a 06, auto, navi, carbon gray for $30400 OTD. I pretty sure I could had gotten more off, but the car was for my sister and she needed a car..
#69
Patients paid off for me. Just picked up a 06, auto, navi, carbon gray for $30400 OTD. I pretty sure I could had gotten more off, but the car was for my sister and she needed a car..
#70
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Originally Posted by Gooker1
The great thing about Hollywood's price is that they straight out offered them that price. It didn't sound like he haggled at all. One dealer gave him xxx and the other dealer did better.
#71
Still Lovin my 06
Originally Posted by HollywoodTSX
That's correct. I think it was a matter of invetory and timing... but yeah I lucked out. Still I'm sure someone out there did better.
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