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When 3rd Gen becomes available, what happens to the previous?

Old Jun 14, 2014 | 08:18 PM
  #1  
cmchan's Avatar
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When 3rd Gen becomes available, what happens to the previous?

I'm wondering what happens to the previous models once the 2015 models become available here in Canada?

Will they be available for a much cheaper price?
 
Old Jun 14, 2014 | 08:31 PM
  #2  
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From: Hawaii: relocated to Western Canada Sept, 2015
Originally Posted by cmchan
I'm wondering what happens to the previous models once the 2015 models become available here in Canada?

Will they be available for a much cheaper price?
Just came from the Canadian Honda webpage and your getting $4,000 back on a cash purchase for some models (Pilot and others) but not on the '14 GE Fit.
Just like here, Honda Canada would have no inventory of '14 Fits. Dealers have been assigned, purchased them by now. Mfg's are pretty good in marketing and if they want the dealers to be successful with the intro of the '15, so, am sure they will support the disposal of all '14's in dealer inventory as much as possible before releasing any GK's.
We faced an April intro but Honda USA delayed retail deliveries (in quantity) till June.
I'd suspect that Honda Canada will give thousands back for cash purchase starting this month or next.
Keep your fingers crossed and here's a high five for luck!!!
 
Old Jun 17, 2014 | 12:19 AM
  #3  
GeorgeL's Avatar
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From: SoCal, CA
It's like McDonalds, once the new cars are available, the stale cars are thrown into the dumpster behind the dealer. Discerning dumpster divers can get some nice almost-fresh cars!


Seriously, if there are some '13 and '14 leftovers they will be sold off for a little less money. It's all supply and demand.
 
Old Jun 17, 2014 | 02:48 PM
  #4  
economicon's Avatar
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Posts: 46
From: Canada
Originally Posted by cmchan
I'm wondering what happens to the previous models once the 2015 models become available here in Canada?

Will they be available for a much cheaper price?
I doubt that dealers will put significant discount on the 2014s. Unlike crossovers (Pilot, CR-V), dealer's profit margins for sub-compact cars like Fit are very small. The difference between 2014 and 2015 will be just on the financing/lease rates. Right now Honda Canada posts 0.99% on 2014 Fits. They will probably put the rates on the new 2015 Fit at 3.99% something in the first year, so for non-cash buyers the difference in total amount will be significant enough that some people may not afford the payment of 2015, and they would opt for 2014 instead.
 
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