Did i get a good price on my '04 Accord LX V6?

I just purchased a 2004 Accord LX V6 4-Door Automatic

MSRP incl. destination charge = $23,790.
Invoice incl. destination charge = $21,458
TMV incl. destination charge = $21,678

I was quoted $20,359 incl. destination charge over
the phone by the dealerships internet manager.

After Taxes, License, Registration...

I paid $22,562 and was out the door.

I did all my research online at edmunds and even read two books on car buying.
This is my first car and by my calculations i got a good deal.
I just want you's guyses opinions.

THANKS

 

What really matters is, are you happy with the price you paid?

--
Brian

www.cakesbydarlene.ca

www.accesswave.ca/~orion

 

Out the door for under MSRP is generally good, and you did better.

But hey, no financing? Nice that you can toss $20k cash, but if you
want to get into advanced economics, next time check out leasing.

J.

 

That doesn't answer my question....

 

Okay. If I tell you that I don't think it was a good price and that I paid
xx number of dollars less than what you paid, is that going to make you feel
better or worse?

The bottom line is, if you're happy with what you paid, does it matter that
someone else, somewhere else in the world, got a better price?

--
Brian

www.cakesbydarlene.ca

www.accesswave.ca/~orion

 

you are correct. the original poster though was looking for some
comfort, so why not just say "hey, you got an awesome deal". there is no
way he can return the car (you can return most think but not cars, am I
right?) and I doubt the dealer will give him a price adjustment after
the purchase. so why not tell him that he got a good deal? this is what
he wants to hear after all.

 

I think it's just as likely he's trying to build experience.

I've bought three cars in my life. I got shafted on one for sure, but I wouldn't
have known it unless I'd started asking around.

In short, I like to know whether I paid the market rate within some "reasonable"
margin or whether I overpaid. I'm not unhappy if I overpaid, but I do make a
mental note of what led to this and whether I might make a better decision in
the future.

Now there is such a thing as being obsessively perfectionist. Don't do that. Be
happy if you got a fair price, which IMO is in a range of values for a given
geographical location and car.

 

All I asked was a simple question. Nothing too outrageous I thought.
Like you said, all I'm looking for is to know if I did well on this
deal so I can apply that to my next purchase perhaps when I trade in
this one in a few years. As far as financing goes, I actually got
financed online by CapOne with an exceptional rate for someone with
the minimal credit history that I have. But to get back to the topic
all I wanted to know is if I got the car from the dealer at a decent
price. I thought this board was for people to exchange information
not to psychoanalyse the reasons why these messages get posted. If
you find my question inappropriate for some reason move on to the next
post. I was excited about my purchase and thats bassically it, if
that's a sin then shoot yerself.

 

All I asked was a simple question. You haven't answered that question. I'm
not trying to give you a hard time, I was just trying to find out, if you
thought that you had gotten a fair shake.

As other people here stated it depends on your location on this planet, as
to whether you paid a fair price or were taken for a ride. Sometimes a
person only has to go 60 miles down the road to save a few hundred dollars,
so location is important.

--
Brian

www.cakesbydarlene.ca

www.accesswave.ca/~orion

 

I think you did based on my 2003 accord. Using your info, I think I
did equally as well last year for my accord (tho it doesn't matter
now).

And I agree with you that some here don't really like to answer your
type inquiry. Seems like people are very open about sharing info on
how much they paid for a repair or information about repairs but ask
them what they paid for a car or if your purchase price is good and
you rarely get real answers. I guess people are too sensitive about
what they paid for the car purchase and don't want to discuss it in
any way.

But to be fair tho, I do agree with some that regional area, timing,
add ons, etc.. can affect the purchase price so it can be hard to
compare.

 

You're dodging the original question. Just answer it if you can.

As Jim pointed out, there is a hesitancy to talk about actual price
paid for cars. Some time ago before I purchased my vehicle I asked how
much I should pay, how much of a discount I could expect to get.
Nobody answered the question although I got chatty responses.

So never mind asking new questions or raising issues. This just shows
you are nervous talking about price.

H.

 

Not long ago someone pulled this psychobabble baloney on me for a totally
different financial transaction whose fairness I was trying to weigh. I wanted
to know if certain conduct in the transaction was usual, as I was bothered by
what had happened. Someone gave me the dilettante psychotherapist response,
"What's important is whether you're happy." Jeez louise that industry has taken
over the United States and apparently Canada, and to the detriment of rational
thinking.

Just my opinion, but no, your answer isn't helpful.

Rationally speaking, a fair measure of "a fair shake" is what price everyone
else is getting. So one person's gut feeling doesn't prove anything. It's
reasonable to ask around.

This part is constructive.

 

<I just purchased a 2004 Accord LX V6 4-Door Automatic ... I was quoted
$20,359 incl. destination charge over
the phone by the dealerships internet manager ...After Taxes, License,
Registration...I paid $22,562 and was out the door.>
Well as a point of reference for you we purchased a new 2004 Honda Accord EX
V6 Auto with Navigation with 36 month Financing at 1.9% with 0 down (no
trade-in). for $25,841.21 + taxes and title. I just saw a closed eBay
auction with a reserve price of only $22101
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1&item=2482939326&category=6254
- yikes! That would have been worth traveling to TX for! DonnaB

 

I recently purchased a used Honda, decided that was best for me. But I had
been offered new EX-V6s (no nav) for around $800 less then invoice price
shown by Kelly Blue Book by 2 different dealers. I'm in the SF/Bay area of
California.

Rick

 

I would say you did very well for your first car. I know I didn't have a
clue when I bought my first car.
It looks like you paid under invoice price and didn't pay the destination
charge. For a car this good, and this in demand, that's an excellent deal.

My understanding is that when the new model first came out, a lot of dealers
were getting close to MSRP.
Apparently that has improved some. Maybe it will improve even more next year
when Toyota releases the new Avalon, then again maybe not as some would not
consider them to be in the same market. I know that in the Minivan Market,
Toyota seems to have the edge right now, and again, I've heard that it is
hard to drive a good bargain for their minivan. I've also heard that Honda
will be offering a new model soon, so that could improve that situation for
the buyer as welll.

There are market conditions that change that can impact pricing, but it is
good that you are willing to do the research, and learn, and pay attention.

I think a lot of the people who responded either simply don't know, or paid
way to much and don't want to admit it, or are dealers and don't like to
talk about people getting under Invoice price.

Buying a car isn't about feeling good. It is about removing as much of the
emotion from the process as possible. This is one of the biggest weapons of
a salesperson selling a car. That, and constantly asking you how much you
can afford to pay on a monthly basis while avoiding the discussion of the
actual price of the car.

Fred

 

Patrick,

Thanks for posting this info. It is valuable for many of us to know
what actual amounts paid were for cars. This is valuable info for us
who might be shopping in the future.

G.