What was your Dealer Markup?
#23
OK, let me rephrase...
Not a markup that can be negotiated away. I mean a markup that prevents the sale from occuring. I pulled out a check to write a deposit and the $300 "Admin Fee" got in the way. I got up and offered one last MSRP + $Destimation Fee +$Tax + $License and the dealer said "Good Bye".
Not a markup that can be negotiated away. I mean a markup that prevents the sale from occuring. I pulled out a check to write a deposit and the $300 "Admin Fee" got in the way. I got up and offered one last MSRP + $Destimation Fee +$Tax + $License and the dealer said "Good Bye".
#25
I don't even what to think about mark-up! I know I paid more than I should have, but I really wanted this car. All in all, I'm very happy with the deal I got. My payments are still lower than what I was paying on my Civic and I get a fun new car to boot. How cool is that? BTW, I got a Base Silver Storm Automatic for $17,084.
#26
I don't know about y'all, but I'm pretty **** about the markup. I'll let the monthly payments fall where they may, and I'll work to get the best financing, but I WON'T pay more than the planned Honda profit built into MSRP. My '94 Volvo Turbo Wagon still drives just fine, but I know it won't last another 200K miles.
#27
MSRP + Delivery + Prep
I bought a Storm Silver Sport AT sight unseen three weeks before delivery. Paid MSRP, plus $550 delivery + $395 dealer prep (and 6% sales tax, which will be deductible on my 1040 for '06). I transferred my old tag, so that cut the cost of the registration fee.
#28
Originally Posted by hatchgeek
From my careful critical reading most people here are indicating their dealership's markup (or lack thereof). Maybe "$0", "none. zilch. nada", "no markup" etc. don't count because they aren't mark ups.
#29
I put the $395 "dealer prep" in the same league as the $299 "admin fee". Sorry, just my thoughts. Some kid takes out the factory Honda quality check sheet from the glovebox and vacuums around. Maybe he removes the window sticker and clean that window. In the end, it's 15 minutes @ $15/hr = $3.75.
#30
It's over (I think). Just put down a $500 deposit on a blue Sport M/T due to arrive in one week. Paid only MSRP; didn't even buy the floormats at $125.
Purchased from Dick Brooks Honda in Greer, SC.
Purchased from Dick Brooks Honda in Greer, SC.
#32
Originally Posted by FondaFit
Had to ask, Hatchgeek. Is that your dog? Cool pooch! Big consideration when buying the Fit -- how easy for my old lab to get into it.
Back to the mark-up question...to clarify, my dealership had no mark-up for profit. Other dealerships in my area offered mark ups of $1500 - 2000, the $2k one tried to negotiate all the way down to $500 then gave up. The $1500 dealership called me on the 29th desperate to sell for the end of the month quota and offered MSRP finally but it was too late.
#33
Originally Posted by rsmigel
I put the $395 "dealer prep" in the same league as the $299 "admin fee". Sorry, just my thoughts. Some kid takes out the factory Honda quality check sheet from the glovebox and vacuums around. Maybe he removes the window sticker and clean that window. In the end, it's 15 minutes @ $15/hr = $3.75.
#34
Originally Posted by rsmigel
It's over (I think). Just put down a $500 deposit on a blue Sport M/T due to arrive in one week. Paid only MSRP; didn't even buy the floormats at $125.
Purchased from Dick Brooks Honda in Greer, SC.
Purchased from Dick Brooks Honda in Greer, SC.
#36
Had an interesting experience some 30 years ago during my first visit to a Honda dealer. They were asking $300 over MSRP for a new Honda. I roared with laughter and departed. Some 30 years later I walked into a local Honda dealer and asked what they were asking for the car. He said MSRP but had no cars to show me. I found another dealer who had one. Drove the Sport model with standard tranny and offered to sell me a Sport AT at $200 below the MSRP on the sticker.The sticker, by the way, included a markup of $530 for "appearance package". I declined the "Appearance package" and was offered the package for $300. I said give me a complete price quote. They did. There was no delivery/freight charge. That made this a very good deal despite the fact that the so called Appearance package is really already part of the Sport AT. Bottom line - paid about $400 below MSRP. Had to wait about five days for my Blaze Orange to show up via a trade with a nearby dealer in an adjacent state.