2017 CR-V, no deals

[Hokiefyd]

Originally Posted By: RedOakRanch
To me a thousand plus dollars can make a huge difference in a life.


It can if you're a young fella and the alternative to spending it on a car is putting it in your IRA. But if you're retired, and your car note is more-or-less covered by your retirement income, it probably won't make a hill of beans difference.

I obviously don't know you or your parents, and I can go only on what you posted (so I apologize if this comes off the wrong way), but they must have done something right in their lives to retire with a fixed income of $130,000/year. Relax and let them enjoy the fruits of their labor.

 

[RedOakRanch]

Both have union pensions and I will inherit a debt. They mortgaged the family ranch with ocean views in CA, there's no way I'm going to "lose" the family ranch that had been in possession over 100 years. I'm still just looking for a CR-V below MSRP but everyone seams interested in everything but. My parents are horrible with money and are on a fixed income and support 2 adult kids and 3 grandkids all in there house. I'm not joking when I say that all their $130k income goes to payments. Store cards, credit cards, first and second mortgages, car payments, etc. They lucked out with good union jobs but it had nothing to do with being good with money, plus if one of them dies I will have to buy the ranch immediately. If anyone wants to recommend a good Honda dealer in CA I'm all ears. I got the rest handled.

 

[RedOakRanch]

On a side note I have a lot of ties in the world of investment, I know many people who make 250-500k per year and spend 100% each month. If they missed one income check they would default on bills. Income does not equal wealth!

 

[supton]

Dumb question, unrelated to the car: any chance you can buy the house from them, then rent at same price to them? That way, creditors can't take the house to pay for bills? I'm not financial-savvy but it seems like the house is something creditors can go after, as it's part of their estate (or assets). Might not be something you want to discuss, I'll understand.

 

[RedOakRanch]

Their house is in a trust and it defaults to me if anything happens.

 

[JTK]

Originally Posted By: CKN
Originally Posted By: RedOakRanch
You guys treat $1000-$1500 plus interest like nothing! To me every $200 I don't waste is one day earlier I can retire. I will say I'm bad [censored] with money, 401k at 17, stocks, house all on a working income and a stay at home wife with 2 kids. To me a thousand plus dollars can make a huge difference in a life.



Not on a 60 or 72 month car loan.

Your being really dramatic.


Exactly. It's not the end of the world! No one likes to throw money away, but it's not like 25 CRVs were purchased at this price. On the bright side, it's a CRV and they've historically held their value well.

It's tax return season. It's winter time when AWD sell well. A non-savy buyer will almost certainly get taken. There's not a ton to be had off MSRP for a more basic CRV anyway.

 

[RedOakRanch]

My parents pay quarterly taxes, no refund ever for them! I'm not that worried just hoping to save a few bucks.

 

[surfstar]

Wow - sounds like they should just get into something cheaper and be thankful for the VW payout!
But then they'd just spend the "extra money", most likely.
Need to get them into financial shape, outside of this car transaction. Dave Ramsey or some type of plan.

Good luck! (I agree 100% with save now, retire early)

 

[JTK]

Originally Posted By: RedOakRanch
My parents pay quarterly taxes, no refund ever for them! I'm not that worried just hoping to save a few bucks.


I wasn't referring to them. Many folks go car shopping at refund time. Busy time for dealers. More sales = less deals.

 

[RedOakRanch]

Makes sense, bad timing on there part. We'll take a $5 discount and be happy!

 

[gofast182]

Just be persistent and you'll get a small discount, just don't expect too much. Market forces are at work with the [current] best product in the segment. As a whole, think of the term of the loan, maintenance costs, operating costs, and resale and they're probably not in a bad position and nor will you be if you had to sell it at some point. If they take care of it and don't put a lot of miles on it, you're likely to be in a neutral or positive equity situation for much of the vehicle's life.

 

[fdcg27]

Email every dealer within a distance you'd be willing to drive them to pick up the new ride.
Somebody is bound to want to pick up at least a little marginal profit moving one more of these. Given the build capacity Honda has for these CUVs, they can't really be supply constrained. Dealers also like to take sales from one another, so make sure that every dealer you contact knows that you're shopping around.
Some dealers will play the online game and some won't.
This is exactly how I bought my last new car and the spread for a similar car from various dealers was in the range of 2K, or around 10%.

 

[Dave Hess]

Originally Posted By: RedOakRanch
You guys treat $1000-$1500 plus interest like nothing! To me every $200 I don't waste is one day earlier I can retire. I will say I'm bad [censored] with money, 401k at 17, stocks, house all on a working income and a stay at home wife with 2 kids. To me a thousand plus dollars can make a huge difference in a life.


Don't loose sleep over such little money they overpaid.

The sales person has kids to feed...

 

[CT8]

No one needs a car that bad to pay list price for it. It is just plain stupid. When I bought my pick up the dealer had a Dodge Challenger with the Hellcat motor, I really like it but I couldn't get a price break on it so I didn't need the car enough to be a fool and pay the list price. Two years later I survived with out the car.