2006 honda civic LX puchased Aug 2006
From carquotes.ca
MSRP 20,300 (this was wrong, the MSRP was really 21630- I checked online and a few dealerships)
Dealer invoice 18879 + 1116 for automatic so total dealer invoice $19995
Reading up on making an offer, it was suggested that to allow a reasonable profit to dealer add 3-5% to dealer cost to be fair but no more.
So $19995 + 3% = $20594, I offered $20600
They came back with $20700 since the color I wanted was not on the lot. I said no, they said ok as I was about to leave.
Final price I paid, $20600 + $1225 freight + $100 tax for fuel comsumption (refunded after tax) + 14% PST/GST
Total $24894
They seemed to take this too easily, did I overpay???
Financing is 5.9% on civics, guess they can charge this since they are so popular.
I hate buying cars but was pleased this went so easily and quickly. Out of pocket to carquotes.ca $25