Need car buying help, advice, please !

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Rx God
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Time to get rid of the old car. Very likely want a Honda CRX. Test drove a new one yesterday. The original plan was to buy one a few years old with minimal mileage.

Now here's the problem. These Hondas don't lose much value in a few years. A new one doesn't cost much more than a used one. So new is an option.

So you have MSRP, dealer invoice, holdbacks, manufacturer to dealer incentives, etc. Then there is plain old supply and demand. The 2007 CRV is new and very different design from earlier models, presumably in high demand.

I know I can find the dealer invoice price at a place like Edmunds, and the dealer gets a kickback even making sales at invoice possibly profitable.

Where can you find out if cars are selling closer to invoice or MSRP ?

What options exist besides the local dealers if buying new ?

Thanks,
 

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Well, if there are 2006 models still around those are the deals. You take whats left on the lots instead of choosing your options. I believe Honda Clearance is over very very soon or over.
 

Rx God
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There are 06's, wife likes the re-designed 07. They are quite different, most noticeably the rear door now opens upwards instead of being side hinged, and it's supposed to be much quieter inside.
 

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Doug said:
There are 06's, wife likes the re-designed 07. They are quite different, most noticeably the rear door now opens upwards instead of being side hinged, and it's supposed to be much quieter inside.


In that case, Wait a bit choose your exact options and look for the vehicle. If its on someone's lot you always get a better deal. Try Cars. ccom You'll now the invoice price but don't give out your info, then call local dealers about it and ask for price on the phone and if they have that model.
 

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Lease, rent,......... or buy a car that is one year old with less than 15,000 miles on it.
 

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Doug said:
There are 06's, wife likes the re-designed 07. They are quite different, most noticeably the rear door now opens upwards instead of being side hinged, and it's supposed to be much quieter inside.


saw my first commercial yesterday of that new car.looks like an awesome ride
 

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Kiplinger’s Personal Finance Magazine says that a new car will lose 60% of its value in the first four years. Well, that doesn’t work. Turning $30,000 into $11,000 is not a good plan. So financially speaking, and common sense agrees, if you’ll pay cash to buy a two-year-old car with very low miles in near perfect condition, you will let someone else take the bulk of the value loss. That is what the typical millionaire does. Very few millionaires lease cars – or as we call it, fleecing a car – because it is the worst deal on the car lot. Consumer Reports, Consumer Federation of America and Smart Money Magazine have all done articles on the “fleece” and the fact that it’s a rip-off. It is good only for the dealership. It is a high rate of interest; of course the interest rate is never disclosed.

The bottom line is that you’re buying a new car that’s going down in value and you’re financing it expensively, but they offer a low monthly payment, which is all a lot of people look at. You’re almost renting your car and at the end you turn it in and you have nothing. So I would buy a two-year-old or older vehicle – whatever I could get paying cash.
 

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Doug whatever you get make sure you get as many airbags as possible on the model car. Siderail airbags should be standard but even if it cost another 1200 or so it is worth. Also airbags that are in the seat make it a lot safer for you. I tell everyone I know that. GET AS MANY AIRBAGS POSSIBLE.
 

Rx God
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Fishhead said:
Lease, rent,......... or buy a car that is one year old with less than 15,000 miles on it.

These Hondas cost just about as much as new when a year or two old.

Too much driving around by wife to make a lease practical, present car bought new in 2000 has oer 250k miles, so that works for me.... 40k miles a year, and keep it 6 years, should be able to cut that to maybe 25k now, but I don't think a lease is feasible for us.
 

Rx God
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2007crvsmall724xn.jpg
 

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Is she driving to the Indian Casinos every day? 40k miles per year? WTF?
 

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Doug,

If you gave me $30,000 today and I held onto that money for 5 years, but I only gave you $11,000 back, would you think that is a good deal for you?

Buy used, when possible.

If you took $379.00 a month and invested in a money market account, with an average growth rate of 12 %, from the age 21 to 65, you would have over $4.5 million dollars saved, certainly enough to buy any car you want, brand new.

Hope this helps.
 

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consider becoming a member of a warehouse club and get involved in their car-buying programs. Dealers clamor to be warehouse club dealers, so there are set prices that you want to know. It’s a no-negotiation way of buying a car. Also, look at carsdirect.com to compare car prices so you know what you should pay going in.
 

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You can get the invoice from Edmunds.com, BUT with a 2007 Honda CRV you probably won't be able to purchase at that price. The "Holdback" is 3% of the invoice, as far as other incentives you won't get that either.
Your best bet is to look into something else or pay the price and buy the Honda. I suggest you test drive the last week of the month then go to the dealership the last day of the month, you will receive the best deal on that day.

Take a look at the Suzuki Grand Vitara, it's the #1 selling mini suv in America right now. Suzuki may not have the name of the Honda, but it is made in Japan with 100% Japanesse parts.

I sell Suzuki's and the GV is one of the best SUV's i have ever driven.

If you need any additional help buying a car drop me an email
 
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If you get an American car you can negotiate under invoice into part of holdback. Japs, no way. I have just bought a 2007 Rav4 for wife, a consumers reports champ. Had to go nickel over invoice, and dealer had to go 75 miles to get one we wanted. And I am a made car guy. Same thing happened on my 2005 Acura RSX type S. Guy just laughed at me when I offered invoice. No rebates, or breaks because they sell. You can get 4 dime rebate on 2006 Santa Fe. Not a bad unit, but entire new body style for 2007 will make them as worthless as last model mustang.

There are pros and cons to buying a new unit vs. used. Some depreciate rapidly, those high end Jap models do not. My RSX barely depreciated at all first year. They get killed if new body style comes out. Old model/new model. No one wants an old model. To me the warranty, the piece of mind knowing how the unit was broke in. Plus, it is nice to have a new car. It depends on priority and individual tastes there. I also have picked up 3 year old models way back of book. From private parties without a clue. Do not lease. That is the worst possible deal at the show. Could also give you tips on finance if you are going that route. The Costco discounts end up being more than a nickel over most of the time on high demand. Don't buy anything in F and I. No gap, no etching, no body plate or touch of class. No ext warranty, nothing. Keep me posted, the KBB and Edmunds can get you started on exact model.


Best Wishes...OF :toast: :howdy:

When at the dealership you may always ask, could I see the invoice please. They have to show it to you.
 

Rx God
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I'll check out some of those others. The CRV definetly is re-modeled for 2007. We talked to a woman that bought a 2006 a month ago, and was there trading it in for the 2007, said she took a 2k hit on it.

The gimmick on selling the used vehicles is they put a better warranty on it, than the new ones, with those "certified" used cars.

It doesn't have to be a Honda, but certainly could be. I'd like to get into 4WD or AWD, and something a bit roomier than the Accord.

Considering the Uglyment ( Element) also. I don't want to get something jumbo sized ( like a 4-runner) so something like a CRV works size wise. Don't want to really go past 25k, so 4-runner type stuff is a bit too much $$$, anyway.

Subaru is something I'll also have to consider. Most likely will go Japanese, and not even really look at Ford, Chevy, etc.
 

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