Originally Posted By: Phishin
I walked away last night with no deal being made. This Honda dealer monitors 40,000 car websites/hour and tracks selling prices of new and used cars. They then post a new "no hassle" price on the car that changes daily.
The seller wouldn't even come down $200.
A girl I graduated with works in their finance department and so I'm calling her this morning and see if she can sweeten the deal any. I'm threatening to walk away if nothing gets better. Both Accords I looked at ($14,500 for a 2010, 32K miles, base model: hubcaps and no power seats) and one I linked before for $15,500 have been on the lot 60 some days each. They are headed to the auction block soon (according to my salesman).
I'm thinking of purchasing a bumper-to-bumper 100K mile warranty. ...maybe she can give me a deal on this. We'll see.
I wouldn't recommend the warranty. There's NO reason a Honda can't make it to 100K without major problems. Plus, they always have creative reasons to void the warranty.
And yes, there are a lot of dealers that will just let the car sit on the lot for years.
Take a look at this focus:
Focus . Last year, I went along with a friend to look at this car. They would not come down a DIME.
It's a nice car, he has service history for it. But $10,990 is TOO MUCH for a (then) 3 year old Ford Focus. A year later, he has not sold it (because it's so overpriced) and it still has the same price on it.
I bought one of these new. I paid $13K for mine. No doubt, as a rental, he easily made $6K on it for 52,000 miles ... why not sell it, take the profit and invest in something else?
I guess I don't understand it.