What's a good price to pay? [Archive] - Honda CR-V Owners Club Forums

JLHDU

03-04-2010, 05:40 AM

Ok i have two cars that I love and want and would like your guys input... On how much to pay.

Car 1# 2009 exl used 4300 miles mint inside and out leathers not even touched in the back, floor look good. ect... out the door 24000 to 25000 tax and tags 7% sales tax up here.

car 2# brand new 2009 exl with nav whats a good fare price to go for this one?

First: What is the interest rate they are offering you on the 2009?

Posted on another thread,

It's funny...my wife and I just went through this process. Not sure how you plan to pay (ie. bank loan or cash) but this was our experience.

On Feb 1st, 2010 I was rear ended and sadly, my 2003 Civic was totaled. I initially was going to purchase a used 2007-2009 CRV for the same reasons as you...a cheaper price! Right, so I thought. Well, I did my searches on Cars.com, Edmunds, Craigslist and all the local dealers and finally found a 2007 EX-L with 34k miles at a local dealer in Germantown, MD for $20,812. I thought this was a good deal so I applied to get a loan at my credit union (Navy Federal Credit Union). It came back approved at 7% ($526/mo, 48 months)...I was like, wow! That's pretty high, but I guess that's how it goes for a used car. I thought of applying though USAA but never got around to it.

Well, I was on midnights for the week and saw a Honda commercial for the Presidents day weekend sale (0.9 and 1.9% financing) on Pilots, Accords and Civics (but no CR-V's, which is what I'm looking for).

So I mentioned this commercial to my wife when I got home in the morning (fri) and said...you know, if we could get that kind of rate (joking) maybe we should just get a new one. She got kinda excited. Well, that morning I had to go to the dealer and pick-up my plates off of my totaled Civic, so my wife decided to call the dealer and ask that they have the plates ready for me (the BIG blizzard just ended the day before in Washington D.C., so my Civic was buried under 22"). Just so happends that the Internet Manager (acting sales manager) happened to answer the phone. She proceeded to tell him that we were going to buy the used CR-V the next day and that if he would give us the United Buying Service (UBS) price and a low interest rate we would buy a vehicle today when we stop by to pick-up our plates for the Civic. He replied, "Just stop by my desk and I will take care of you personnally". Mind you, we purchased our 2003 Civic and 2005 Odyssey from the same dealer.

Anyway, we went in, he ran our credit and he gave us a 2010 Black EX-L CR-V at the UBS price ($26,766) and 2.9% financing making our monthly payment $532 mo/ 60 months (+TTA). So, with that I got a NEW CR-V for $6 more per month with 12 more payments (60 total payments @ $532/mo. vs 48 payments @ $526/mo for the used CRV) and 0 miles.

I've avoided the unknown of a used vehicle and purchased a new vehicle vs a 3yr old version (2007) $6,384/ (1yrs worth of payments) plus $6mo*48mo=$288 totaling = $6,672 for the extra year of credit ownership and 0 miles.

So the difference in price $26,776 - $20,812 = $5,964 (equals 3 yrs and 34k worth of useage) vs paying the above $6,672 for the extra year of credit payments/ownership and 0 miles.

No brainer for me. I got more car absorbed by the interest rate (2.9% new $4,171 in total interest VS 7% used rate $6,702 in total interest with a difference of appx. $2,531 more car) and you can guarantee anything and everything thats ever been done to the car maintenance wise.

Then I bought the 8yr/120k Honda Care warranty from Jay Honda (Cleveland, OH) for $1,170 with my CC. Just buying a piece of mind, never used the warranties on my 2003 Civic or 2005 Odyssey, but you never know what's gonna happen tomorrow.

Hope this makes sense,

-J


Honda CR-V Owners Club Forums > Honda CR-V > Shoppin' and Test Drivin' > What's a good price to pay? PDA What's a good price to pay? raw nerve 02-21-2010, 12:43 PM Ok i have two cars that I love and want and would like your guys input... On how much to pay. Car 1# 2009 exl used 4300 miles mint inside and out leathers not even touched in the back, floor look good. ect... out the door 24000 to 25000 tax and tags 7% sales tax up here. car 2# brand new 2009 exl with nav whats a good fare price to go for this one? raw nerve 02-22-2010, 06:15 AM I mean 32 people read this have can't help a guy out? lizzurd 02-22-2010, 06:46 AM I mean 32 people read this have can't help a guy out? It would make it a lot easier if we knew where you were. The CRVOC is an international club. Maybe 31 of the 32 members that read your post are not even in the same country as you? illegal 03-03-2010, 01:13 PM check kelly blue book for comparisons, then look online for other comprable vehicles for sale, and call other local dealers, and make them fight for your buisness with price. JLHDU 03-04-2010, 05:40 AM Ok i have two cars that I love and want and would like your guys input... On how much to pay. Car 1# 2009 exl used 4300 miles mint inside and out leathers not even touched in the back, floor look good. ect... out the door 24000 to 25000 tax and tags 7% sales tax up here. car 2# brand new 2009 exl with nav whats a good fare price to go for this one? First: What is the interest rate they are offering you on the 2009? Posted on another thread, It's funny...my wife and I just went through this process. Not sure how you plan to pay (ie. bank loan or cash) but this was our experience. On Feb 1st, 2010 I was rear ended and sadly, my 2003 Civic was totaled. I initially was going to purchase a used 2007-2009 CRV for the same reasons as you...a cheaper price! Right, so I thought. Well, I did my searches on Cars.com, Edmunds, Craigslist and all the local dealers and finally found a 2007 EX-L with 34k miles at a local dealer in Germantown, MD for $20,812. I thought this was a good deal so I applied to get a loan at my credit union (Navy Federal Credit Union). It came back approved at 7% ($526/mo, 48 months)...I was like, wow! That's pretty high, but I guess that's how it goes for a used car. I thought of applying though USAA but never got around to it. Well, I was on midnights for the week and saw a Honda commercial for the Presidents day weekend sale (0.9 and 1.9% financing) on Pilots, Accords and Civics (but no CR-V's, which is what I'm looking for). So I mentioned this commercial to my wife when I got home in the morning (fri) and said...you know, if we could get that kind of rate (joking) maybe we should just get a new one. She got kinda excited. Well, that morning I had to go to the dealer and pick-up my plates off of my totaled Civic, so my wife decided to call the dealer and ask that they have the plates ready for me (the BIG blizzard just ended the day before in Washington D.C., so my Civic was buried under 22"). Just so happends that the Internet Manager (acting sales manager) happened to answer the phone. She proceeded to tell him that we were going to buy the used CR-V the next day and that if he would give us the United Buying Service (UBS) price and a low interest rate we would buy a vehicle today when we stop by to pick-up our plates for the Civic. He replied, "Just stop by my desk and I will take care of you personnally". Mind you, we purchased our 2003 Civic and 2005 Odyssey from the same dealer. Anyway, we went in, he ran our credit and he gave us a 2010 Black EX-L CR-V at the UBS price ($26,766) and 2.9% financing making our monthly payment $532 mo/ 60 months (+TTA). So, with that I got a NEW CR-V for $6 more per month with 12 more payments (60 total payments @ $532/mo. vs 48 payments @ $526/mo for the used CRV) and 0 miles. I've avoided the unknown of a used vehicle and purchased a new vehicle vs a 3yr old version (2007) $6,384/ (1yrs worth of payments) plus $6mo*48mo=$288 totaling = $6,672 for the extra year of credit ownership and 0 miles. So the difference in price $26,776 - $20,812 = $5,964 (equals 3 yrs and 34k worth of useage) vs paying the above $6,672 for the extra year of credit payments/ownership and 0 miles. No brainer for me. I got more car absorbed by the interest rate (2.9% new $4,171 in total interest VS 7% used rate $6,702 in total interest with a difference of appx. $2,531 more car) and you can guarantee anything and everything thats ever been done to the car maintenance wise. Then I bought the 8yr/120k Honda Care warranty from Jay Honda (Cleveland, OH) for $1,170 with my CC. Just buying a piece of mind, never used the warranties on my 2003 Civic or 2005 Odyssey, but you never know what's gonna happen tomorrow. Hope this makes sense, -J OldChevyLover 03-04-2010, 09:14 AM I just bought a 2010 CR-V LX 2WD two weeks ago. I looked at used 2008/2009 models around here and the list prices were between $19,900 and $21,000. I paid $20,500 for my NEW LX 2WD before fees & taxes... That was a no-brainer for me... crazylad 03-05-2010, 10:21 AM I just bought a 2010 CR-V LX 2WD two weeks ago. I looked at used 2008/2009 models around here and the list prices were between $19,900 and $21,000. I paid $20,500 for my NEW LX 2WD before fees & taxes... That was a no-brainer for me... Good Choice! Enjoy your new V!