2003 Accord EX V6 - Price paid

Just bought a 2003 Accord EX V6 today 09 AUG 03. Paid $23,000 for it.
Invoice price on various websites shows 23,900. Consumer Reports
judged the actual invoice to be at 22,900 after dealer holdbacks and
incentives. Thought this information would be helpful for anyone
shopping for this car.

 

That depends. What was the MSRP before the dealer added all
those high priced low cost, and smoke an mirrors options? I
would suggest you add together all the money you gave the dealer
and the total of your payment to find the amount you actually
paid for that car. My one son just bought a 2003 vehicle. When
he shopped a top of the line Camry the selling price he
negotiated was $1,500 less than for the top line Accord
negotiated price, but the total drive home price for the Camry
was $1,200 more. He bought a Mercury Sable because the total
drive home price was $8,400 LESS than the Accord. You have to
add in the interest, government fees, dealer fees, dealer options
etc. to the negotiated price to get the true cost, before you
buy.



mike hunt

 

You may not like the Sable, that is your choice. One reason he
looked at the Sable was his wife drives a 2000 Sable company car.
The Sable has 10K more miles on than his 2000 Accord and had been
trouble free. His Accord on the other hand has an ongoing front
brake problem, and been out of service for several weeks because
of damage caused by a bad oil seal. That money he saved by
choosing the Sable will buy ALL of his fuel and pay much of his
insurance for the next three years.



mike hunt

 

So he paid $14,800 plus TTL for a top of the line Sable? Did he get
navi with it? I know that they are really desperate to unload those
domestic cars these days, but that sounds like ~$3000 below dealer
cost to me, even after the $3000 mfr rebate.

 

The current deal on Taurus is $3K or 1.5K+interest between 0% and 5.9%
(depends on term and credit history?). Honda has 2.9% for 60 months
on the Accord. The difference between 0 and 2.9% is about $1,500.
Don't know about retired military rebate except that most people won't
qualify.

You can usually save money on a closeout - a good deal if you are
keeping the car for at least five years. Otherwise the increased
depreciation cuts into the savings.

You can probably negotiate about 10% off sticker on either car. List
price on the top of the line Ford is about $23.7K. The Accord is 25.9
including the Navi which is about a $1,500 option last time I checked.
Without the Navi the Accord would be about $24.4K list price. After
haggling you would expect to pay about $600 more for the Accord. With
the we-have-to-give-these-things-away $3,000 rebate the Taurus would
be about $3,600 cheaper.

With the Ford, either you sell it after four years and get zonked by
depreciation, sales tax and finance costs or you keep it and run the
increased risk of being zonked by repairs.

Financially, it is probably about a wash if you don't count the hassle
of getting repairs. The big difference is in driving an Accord vs.
driving a Taurus.

 

All I can say is apparently you didn't read the original post as
to the actual drive home prices he had to pay to get each of the
three cars and why he decide to buy the one he did.. Either that
or you just want to express an opinion of you loyalty to Honda.
Well, be my guest..


mike hunt

 

Aw...*bullship*...choo!

Go away you simple minded mark.

 

You are certainly entitled to your opinion. It's your
money spend it where you wish, he did. You will not
save the $8,600 like he did and he didn't sell his 2000
Accord for the $1,500 less than its supposed extra wholesale
'value' you talk about


mike hunt

 

Its fact my challenged friend.

I find it interesting that you continually say this...as if giving us
permission to spend our money as we see fit.

Get this thru your head...we don't need your permission...stop sounding like
a broken record.

Sure I will...the instant I buy it.

Not my problem that he is either not smart enough, or too ignorant to recoup
the value on a trade in or sale.