I just e-mailed my EX at her Honda Dealership and i got an invoice price from her of $15,082.00 for a Fit Sport Automatic .

 

*drums his fingers like Mr. Burns*

Excellent.

 

i like to say get them while u can one dealership already marked up there fits almost 1500 no joke...

 

Less than a thousand spread? I would have thought it would be a bit more than that.

Azanon

 

That's just silly.

 

I agree with you, the saleman sold me the Fit said, in couple weeks, it will go up again.

Kevin L

 

yup and i dont even think thats with the destination fee they marked up a black one that i was ready to buy 899, i was so pissed and the sales man i work with didnt even tell me.

 

I wonder what the holdback is on them.

I suppose that isn't a bad price, but I was hoping for more like $14k.

 

Dealer holdback for all hondas is 3% of base MSRP.

 

No bad feelings between you and your EX? Are you sure that was the price? How much kick back do they get from invoice price from Honda? I was told that the cars are marked up for dealer profit but even if the dealer sells it at invoice they get a percentage back from Honda.

 

Yeah they do its got profit even at Invioce price a certain percent . INVOICE IS NOT WHAT THEY PAY to HONDA for the Car .

 

ZOMG thanks for the info.

 

I'm headed 2 miles up the road to Gillman Honda here in San Antonio , TX to see and test drive the FIT Sport Auto NOW .

 

Any word on the manual? Think it's this invoice price minus the spread between auto/manual?

 

Actually, it is what they pay. Invoice + destination. They get a holdback after they sell a vehicle (3% of base MSRP) and sometimes certain cars have incentives that the manufacturer pays them. The fit though has no incentive at the moment though. So, summary here is, the dealer did indeed pay invoice + destination for the car.

 

Sounds about right, Canadian Fits have a similar spread after taking into account the exchange rate

 

Honda traditionally has 9% markup in their vehicles, and this confirms it.

Fit Sport AT $15,970 * 91% = 14,532 cost

Add destination of $550

Fit Sport AT $16,520 MSRP, $15,082 invoice

In other words, there is $1,438 markup in the vehicle.

In addition the dealer will get the 3% holdback, which is an additional $479.10 Of course they don't get this until after the sale.

Whoever said $600 was off...

 

Heh, no wonder you never hear about price incentives from Honda...

 

Don't forget to add in the $550.00 destinationa and handling charge to this price. That is always figured seperatly.

 

The destination is not really a markup. Granted it might not actually cost the manufacturer $550 to deliver the vehicle, but i'm pretty sure it isnt free either. Truck drivers are paid, and gas isnt free. The dealership pays 100% of the destination charge to the manufacturer so this cost is not recovered by the dealer.