This was my first new car purchase so I tried to learn the ins and outs of negotiating with the dealer before putting down a deposit but now I"m not feeling so great about the deal and looking for feedback. I chose the Honda Fit LX auto which has $19,675 MSRP.

Dealer said markup on the Fit is $840 and I figured the dealer hold-back is $800 so I wanted to split this 50/50 and get $820 discount off MSRP. They said dealer hold-back doesn't exist in Canada and were only willing to offer $340 off MSRP = $19,334

I traded in my old civic and was hoping for $1500 for it but they only offered $600 ($200 less that VW offered) so they threw in the $500 in accessories that I was gonna buy (rear bumper applique and protector pack which includes mats, cargo tray and rear splash guards).

They wouldn't negotiate on $125 levies (tire tax etc.) or $265 handling fee because they said everyone pays these.

So after my trade in I ended up getting the 2012 Honda Fit LX auto with mats, cargo tray, rear splash guards and rear bumper applique for $19,124 (includes levy and handling fee) plus HST of $2294.88 = $21,418 TOTAL

Good deal or bad deal?

 

looking back when I bought my FIT Sport in 2010
I paid almost $21,000 tax in
I guess it was 2 years ago....and I had that big Honda special $1800 off event.

 

It's a good buy if you're happy with what you got.

 

Congratulations on your new Fit. Time to stop thinking about how much you paid, and start enjoying your new ride. Many happy miles!

 

or start doing MODS
good luck

 

I wonder what the price difference would be if it were a Manual.?

 

i think its $1000 difference

 

$1200 is the diff. auto and manuel..

This month $1000 cash incentives too

 

I got my DX with $14800 (includes freight and fees)+ 12% TAX = $16576 OTD
However it doesn't include %2.99 APR

 

used or new?

 

Of course it's new, 2015 Model.
Who pays freight & PDI on a use car?

 

Good deal if it was a 2016 Fit , 2015 you've lost one year depreciation already

 

Are you suggesting that the 2016 is depreciation-proof?

 

I doubt it.

Given the choice between buying a new but leftover 2015, or a new 2016, take the 2016. It will always be one year younger and the price difference will likely be less than the additional one year of depreciation.

 

I bought my car last January, who said it was a leftover 2015?

 

Nobody said it was a 2015.

Two of us said what the implication would be if it were a left over 2015.