Dealer Holdback for a Honda

Hi everyone,

I'm trying to buy myself a new Honda Civic. I was looking on the web to
find the dealer holdback for Honda, and a number of sources say that
it's 2% of the base MSRP, whereas the rest say it's 3% of the base MSRP.

Does anyone know what is correct?

Thanks!

Lee

 

3% of MSRP

 

The holdback is 3% and sometimes Honda will offer what they call in the
industry "trunk money", which is an additional incentive to the dealer.

I hope this helps,

Jose

 

If you subscribe to consumer's car buying service (40 bucks for 3
months), they can give you the holdback on just about any car/any
model. With their reports you get the dealer costs and the holdbacks.
I used it to buy my civic. I got the dealer to sell me the car for
his cost plus the hold back but nothing on top of it. I couldn't get
them to go below the hold back. Sometimes you can get them further
because of hidden incentives.

Best of luck!!!

mcap