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Year End Honda Sale? - Looking to buy a New Accord LX - How Much?

I got a letter from the local high volume Honda dealer where I bought my new 1998 Accord LX. The car is in very good shape with about 70,000 miles. The dealer has a year end sale that ends Dec. 20. They said they may offer 80% of MSRP from the trade in on a 2005 or 2006. I was think about maybe getting a new one. I paid about $15,500 in 1998. So my trade would be worth about $12,400.

What should I expect to pay on a 2005 or 2006 Accord LX. I was thinking of sticking with the 5 speed. I would guess the end of Dec would usually be a pretty good time to get a good deal. Any suggestions? There was a web site where you could get a price but I lost the URL. Not a site to post my phone number and have a salesperson call me.

Reply to
Reg Martin
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Forgot to mention that I am on SE USA.

Reply to
Reg Martin

Sorry 4-door. A Honda web site is quoting about $18,500 which is pricey. I am wondering if I can get a new Camry in the $15,500 range. I have been floored by some of the Camry prices. I prefer the Accord as the gas mileage and overall drive qaulity appears to be higher in the Accord.

Reply to
Harold McMillian

"Reg Martin" wrote

I was

end of Dec

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Reply to
Elle

I doubt you get 12400 on a trade -- unless they make the dollars up on the other end on the new car. You might want to check Edmunds on the trade value of your car. Imagine it would not be over 7500 - 8000.

Reply to
TWW

End of year is a dealer come on - only time I can get real deals is at the end of the model year if they have remaining stock in the area. Used to live in Atlanta - worst honda dealers I have ever encountered when negotiating - had to buy mine in SC from Kayle Yarborough Honda. See what kind of prices you can get on the web - do a google on buy new honda.

Reply to
butch burton

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is one place you can get an online price.

I don't think that you are going to get the inflated trade-in value and a low price on the new vehicle. If anything your stealership is going to bump up the price of the new car to give you a "high trade-in" on your old one.

Financially you are usually better off selling your vehicle in a private-party sale at about the midpoint between actual trade-in value and the price the dealer would be reselling it at. Use

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and
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to get a good idea of the actual trade-in , private party sale and dealer used retail pricing on your current vehicle.

Buy you replacement vehicle for cash at the best price you can negotiate. If you must finance, compare the rates and fees from the dealer/Honda Credit with your personal bank and/or credit union.

Don't buy ANY add-on stuff from the stealership. No extended warranty, paint protection mumbo-jumbo, etc.

Note also that Honda has bumped up the powertrain warranty on 2006 models to 5 years/60,000 miles from the 36/36,0000 warranty on 2005 and earlier vehicles.

John

Reply to
John Horner

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