Edmunds 2005 Accord Pricing

A 2005 Accord EX w/leather and 4 cylinder, is listed in the Edmunds guide
with following costs:
MSRP $24,600
INVOICE $22,136
TMV 21,993

How accurate is this data? Has any one in the group bought an Accord for
the True Market Value(TMV) listed in the Edmunds guide?

I got a quote on a 2006 Accord EX w/Leather and 4 cylinder of $25,000. The
salesman said the 2006 price increase is 1.4%, which change Edmunds costs
to:
MSRP $25,584
INVOICE $23,021
TMV $22,873

Based on Edmunds' numbers, it looks I'm leaving a lot of money on the table.

Any comments from the group are appreciated.

 

Where the hell does Edmunds get the hubris to say that they can determine
"true market value"? What a crock of shit.

"True market value" is what the car *actually sells for*, and nothing else.
You can crunch numbers and pull your wank for ever and a day, and it means
zero if nobody will sell to you at this "true" price.

Edmunds cannot force dealers to sell for what Edmunds decrees is "true"
market value. What a laugh.

 

I recently purchased an '05 Accord LX 5-speed for a little more than 1k
under the TMV price. Negotiate between different dealers and always be
ready to walk away. But keep in mind, this is the end of the year
clearance - they want to get rid of the cars and other people are also
looking. So what you don't buy, it may not be there when you come back.

-Dave

 

TMV is pretty accurate, maybe slightly over the lowest price you can get
from a dealer. I bought my 2004 6MT Ex V6 coupe leather for less than
Edmunds TMV. Paid $25,000 for a $26,990 MSRP car.

Don't trust your salesman any further than you can throw him.
Be prepared to walk if you sense he is jerking you. Remember he is looking
out for #1, Himself.
You should get a real good discount on end of 2005 model year clearance.

Personally, I would wait on the 2006's. Unlike 2003 - 2005 Accords which
look identical, you will be able to tell the difference on 2006 Accords.
06 Accords will undergo a significant restyle on the rear tail lamp area.
This could drop the value on your 05 Accord. It will be considered a year
old in less than month. Good Luck!

 

Where the hell does Edmunds get the hubris to say that they can
determine
How strange that you would object to Edmunds listing what others are
actually paying, using real sales data (so it claims). If you believe they
don't use actual sales data, then that's another issue.

Just the fact that the TMV number is often below the MSRP and invoice prices
is, it seems to me, helpful to car buyers.

Have you some other guide to offer new car buyers, to let them know they
can in fact not only not pay MSRP, but pay under invoice?

Edmunds with the many other sites on car buying seems to me to be a good
tool.

It's also helpful to read the reports here of people regularly paying under
invoice.

 

I was recently helping a friend shop for a new car and we had no trouble
getting two local dealers to meet or beat the Edmunds TMV prices on a
2005 Accord. Use the request a quote link from Edmunds, KBB.com or
carsdirect.com and you should get some very agressive quotes from nearby
dealers.

I wouldn't expect to be able to get agressive prices for the 2006 just
yet as they are only starting to trickle out and dealers are going to
take top dollar from gotta-have-it-now suckers.

John

 

You missed the point. Edmunds is not forcing anyone. They are simply
gathering information about the real marketplace and publishing it. I
had no trouble getting quote at or below the TMV price when I was
recently helping a friend with his new car shopping.

John