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Author Topic: Good deal!  (Read 2685 times)

Offline Giant Dwarf

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Good deal!
« on: December 15, 2004, 09:28:14 pm »
Well it's a good thing the wiffy-to-be's Civic lease isn't up yet or I'd be swappin' it for a new RSX-S.  Acura's offering a 2.8% lease or finance rate right now.  That means, a new 210 hp Type-S works out to $380/mo + tax.  Darn good deal for a fun machine!
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Offline si

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« Reply #1 on: December 15, 2004, 09:43:22 pm »
The secret is out.
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Offline Giant Dwarf

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« Reply #2 on: December 15, 2004, 11:32:15 pm »
Yes it is... I am an RSX fan-boy.  :-)
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Offline eax

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« Reply #3 on: December 16, 2004, 04:20:48 pm »
Ya, Honda's gone insane.  Acura, Honda offers are crazy for that brand b/c of beauty of strong residuals...
I just set up a deal for a buddy on a new 2004 Honda Accord EX-L 5spd...your not going to believe this...$391/month TAX IN, 24k/yr, 48 months, $72 out of pocket on delivery.  No trade, no money down...I can't believe the deal's available this month....
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Offline Giant Dwarf

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Good deal!
« Reply #4 on: December 16, 2004, 04:28:26 pm »
Geez, that is a bargain.  I'm wondering who I know that's looking for a new car right now that I can tip off about these great bargoons.
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Mdxtasy

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« Reply #5 on: December 16, 2004, 04:35:09 pm »
What's the buyout on that EX-L?
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Offline WW

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« Reply #6 on: December 16, 2004, 05:07:42 pm »
I wish I could get one now. But I only work in the summertime.
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S60

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Good deal!
« Reply #7 on: December 16, 2004, 05:31:18 pm »
Yes Eax how do the numbers crunch, or is it more
Honda hard to get in print info.Xtra km charge,how much?
I asked you some time ago why Honda/Acura leases
are so bad, when all I keep hearing is about high residuals on these vehicles.Which should make for attractive lease plans.

Also who is Honda loosing the sales to,any ideas.

(Message edited by S60 on December 16, 2004)
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Offline eax

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« Reply #8 on: December 17, 2004, 09:24:37 am »
It's not more...that's the deal.  He's heading over to sign the paperwork today.  $14500 buy-out, 0.08 xta km charge, this lease becomes appealing because of high residual 44%, "lower" rate of 4.9%, $1500 in lease cash, no first payment, no security deposit.  It's really a combination of factors S60...Honda's losing sales b/c many people don't like the look of the new Accord. On top of that, it wasn't priced right on a payment basis.  Competition is fierce in the market and the "uppity" attitude of Honda caused them to fall behind. Ie.  We don't need to program our cars they sell on value/reputation alone.  Look at Mazda/Nissan, they programmed the snot out of their line in 2004 and stayed steady dispite a declining market.  The new Altima and Mazda 6 ate away at the Honda/Toyota market share.   It's a program driven market currently and Honda was slow to react.(Toyota less so) I mean look at Audi coming to the table on A4 leases.  Throughout the year base BMW325i's have been in spitting distance of a full jam Accord V6 on a payment basis.  Customers reacted.  Hence a glut of 2004 Accord's clogging dealers lots.  Honda had to react and did. I'm a price/value guy.  I recommend cars based upon offers...this is the offer of the moment IMO.  A TSX/RSX aren't bad either if you want to go a little more upscale, but no lease cash, have to pay 1st, and security.  
Some facts to back up my case:
Model    nov.04  nov.03        ytd 04   ytd03    
Accord   1,438   2,688 -46.5 23,036 27,786 -17.1
Altima   1,461   1,360 7.4   17,112 15,916   7.5
Mazda6   819   343  138.8   9,352  6,235  50.0
Camry   1,445   1,627 -11.2 18,764  21,586-13.1
They don't exactly line up with the respective column but I hope you get the gist...
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Offline safristi

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« Reply #9 on: December 17, 2004, 10:42:09 am »
Wondered why I wasn't being shoved off the road at every turn by Accords.As an ex owner ,and still admirer,of Honda I feel they took the easy road at the time and aimed at Camry..bland,reliable.
           Time to add some looks & colour and inside pizzaz to  already good underpinnings...A part way thru the model REFRESHENING QUICKLY....
   those numbers will move "some" traffic though...great time to buy if you like the present package....
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THERE IS NO CURE FOR "LOTUS"......ONLY TREATMENT.....

S60

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« Reply #10 on: December 17, 2004, 12:20:52 pm »
Thanks Eax.
Off topic, but do you have access to Volvo invoice
pricing?
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Offline Giant Dwarf

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« Reply #11 on: December 17, 2004, 12:30:52 pm »
Saffy... those baby-boomers ain't gettin' any younger.  Bright colours and 'pizazz' will only angry up the blood -- too much stimulation for the ol senses.  They likes their Accords and Camrys just how they is, thanks.
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Offline safristi

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« Reply #12 on: December 17, 2004, 12:39:47 pm »
Yer right as usual Jeff..the bright colours and fast cars are just for the really young set....

suemi(WinCE)
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Offline c2chung

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« Reply #13 on: December 17, 2004, 01:06:30 pm »
Hey Eax is that crazy deal on the 04 Accord EX-L 5spd available from all Honda dealers in Ontario? I just went to honda.ca and it said 04 Accord EX-L 48month $0 down = $561 tax in (7.4%). Is it easy to bargain for that $0 $391 tax in deal? Thanks.
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Offline eax

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« Reply #14 on: December 17, 2004, 03:07:50 pm »
C2, as for ease of barginning...I believe that payment just corresponds to $500 over invoice with everything rolled into the payment and the $1500 in "accessory" money used as Cap Cost redux...so I'm sure most dealers would take it if the unit was in stock. You could get the same.  Web calculators are useless for the most part.  They are a selling tool, to get you phone the dealer.  Call Honda Canada and they will tell you to call a dealer if you said something like "I read in the paper the rate on the Accord is 4.9 but on the web it's 7.4% what gives." Honda's rate on the Accord's is 4.9% and the calculator is not working today...lol call a dealer...guess the trick works eh?...S60, I have 2003 invoices available for comparision.  % mark-up's don't change very much year to year within a model line up so it can give you a good ballpark.
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S60

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« Reply #15 on: December 17, 2004, 03:16:16 pm »
Just wondering as there have been a couple posters here looking for invoice on the new S40.
What is or what was the invoice on the base S60.
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Offline GTI-Gabe

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« Reply #16 on: December 17, 2004, 05:02:17 pm »
Visited the honda.ca website and the lease for an EX-L was at 4.9% for 48 months.  Payment with 0 down was $480 with taxes in.

Then I realized you said it was a 2004 (not a 2005), and looking at the 44% residual, it would put the car's price at about $25,900

Perhaps you got a better deal due to the car being a 2004 model year?
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Viva el coche!

Offline eax

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« Reply #17 on: December 19, 2004, 11:02:42 am »
no, it was a 2005 Accord EX-L 5 spd, my mistake.  It was bought for $300 over invoice, $1500 "free acessories" used as a cap cost downpayment instead of taking free accessories, 48 month lease, 24k/year, 4.9% rate, Freight/PDI, admin, air/gas tax rolled into the payment, no first payment, no security, $72 due on delivery + plates, $391/month tax in.  Like I said earlier, trying to compare the deal to the lease calculator will just get you confused...if you really want to buy an Accord, take the above scenario to a Honda dealer, say that another Honda dealer gave you the numbers and go from there...they might do it, they might not...I couldn't imagine how cheap a plain jane accord would be, probably like just a tad over $300 if the same circumstance were appied...that' ridiculous...
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Offline GTI-Gabe

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« Reply #18 on: December 22, 2004, 11:15:06 am »
So what is Invoice for a 2005 Accord EX-L 5spd ???
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