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[CTR39322]

I got an FK8 for MSRP, took a little work but not like the FL5.

I also got my 21 FK8 for really close to MSRP local to me, and in the color choice that I wanted.

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[Clark_Kent]

from what people have posted here, apparently it wasn't easy to get MSRP on an FK8? how accurate is that?
All i know is that i didn't even look at an FK8 until the FL5 was announced (trying to rememb... i think it was spring of 2022)... and then, the FK8s were selling USED for 38k!! So, if i couldn't even touch a used FK8 without paying that kind of money, that also influenced me to accept an ADM on the FL5.

i know lots of brands and models, which are the ones most in demand, still are not typically selling at msrp.

I made a few inquiries locally about purchasing an FK8 a few years back and they were selling at up to $5K over MSRP. From what I was able to gather at the time, ADM was commonplace but nothing like the FL5. Sure you could find an FK8 at MSRP but it would take some work. I decided against continuing to pursue an FK8 at the time so I didn't turn over every stone like I did for the FL5. A key consideration here is the FL5 supply is a fraction of the FK8 supply in the first year of production. The demand is also significantly greater for the FL5 than the FK8.

 

[1971Camaro]

There is currently 287 FL5’s listed for sale on autotrader nationwide. Also when the ITS is available, FL5’s will become more attainable. Be patient people and stop paying crazy ADM’s, and garbage dealer add ons.

For sure, but i don't believe anyone here is doing 10k or more... or they prob wouldn't be here. The question is... how much ADM is reasonable, and how likely are we to get msrp?

What you say is so true... that with all those cars sitting at dealerships, it's most likely they will start to cave. I learned from this experience that there are fees involved with having cars sitting on the showroom floor. This is the first time i ever paid more than MSRP for a car, so i have done a lot of research. The way their co-op deal works when getting money from the manufacturer to cover floor expenses has been changing lately. The manufacturers have backed off of their flat-rate floor programs... so, the dealership has no incentive to sit on a car and it is more of a financial burden to not sell quickly.

The only contradiction may be if they want to promote their dealership or draw in customers by keeping it on the floor -- they can consider it a marketing expense (not literally, but in their mind). And, that is an understandable perspective as long as the car is rare. but, since the dealership makes money by SELLING cars, and by acquiring customers, it's better to keep selling and getting good PR than it is to bring in people to look and walk away disappointed.

 

[CTR39322]

According to Steve Matchett website, there have been 1600+ FL5’s shipped and delivered in the US. The car has only been released for 6 months. I think there will be one available for anyone that wants one at a reasonable price.

 

[Doublestack00]

Damn, that is way more than I thought.

 

[AspecR]

According to Steve Matchett website, there have been 1600+ FL5’s shipped and delivered in the US. The car has only been released for 6 months. I think there will be one available for anyone that wants one at a reasonable price.

Basically half of FK8 deliveries for the same time period

 

[Clark_Kent]

For sure, but i don't believe anyone here is doing 10k or more... or they prob wouldn't be here. The question is... how much ADM is reasonable, and how likely are we to get msrp?

What you say is so true... that with all those cars sitting at dealerships, it's most likely they will start to cave. I learned from this experience that there are fees involved with having cars sitting on the showroom floor. This is the first time i ever paid more than MSRP for a car, so i have done a lot of research. The way their co-op deal works when getting money from the manufacturer to cover floor expenses has been changing lately. The manufacturers have backed off of their flat-rate floor programs... so, the dealership has no incentive to sit on a car and it is more of a financial burden to not sell quickly.

The only contradiction may be if they want to promote their dealership or draw in customers by keeping it on the floor -- they can consider it a marketing expense (not literally, but in their mind). And, that is an understandable perspective as long as the car is rare. but, since the dealership makes money by SELLING cars, and by acquiring customers, it's better to keep selling and getting good PR than it is to bring in people to look and walk away disappointed.

Theoretically this is correct; however, the financial risks associated with dealer floorplan financing largely apply to scaled inventory. The dealers aren't sitting on 30 FL5s. In many cases, we're talking about one car, maybe two. As a dealership you won't have to balance cash flow with inventory levels for 1-2 units. They can sit on the car for months without levying substantial price cuts because from a financial perspective, they don't have to. The standard inventory turnover ratio does not apply for this unique use case.

I read a recent post where someone stated a dealer in the Pacific Northwest still has their FL5 from 4+ months ago. My local dealership in Atlanta had their first FL5 for about 3 months and they allegedly sold it for $15K over. They got their second allocation within the last 60 days and that one also allegedly sold for $15K over this past weekend. At this juncture none of the dealerships are inclined to fire sale FL5s. Just doesn't make sense to do that. I would ask this question: Has anyone on here reported that they bought their FL5 for MSRP because the car sat for too long and the dealership just wanted the car gone?

 

[1971Camaro]

According to Steve Matchett website, there have been 1600+ FL5’s shipped and delivered in the US. The car has only been released for 6 months. I think there will be one available for anyone that wants one at a reasonable price.

Yah, i've been tracking that -- mostly to monitor the colors LOL but also because i was wondering about my badge number in comparison to the VIN num vs. the total sold... plus, how long it would take to reach a decent market saturation. Also, Honda had said that they were going to be producing fewer of these than FK8s, yet it seemed from my car's numbers that they were already doing a decent output. Trouble is... i wish we had a better handle on actual demand... that is... how many potential customers are seriously considering the FL5?

 

[1971Camaro]

Basically half of FK8 deliveries for the same time period

Aha... that's valuable info. So, it has been significantly lower than the FK8... altho, what is the time period you are comparing it with? I can tell you from waiting for my car since Aug 3, 2022... that there were several delays in production, but i don't know if those were before or after the clock would have started ticking... do we know what is considered the true start of production? Or, are you taking it from the point that Honda started on a regular schedule of allocations/deliveries?

 

[ELIAS64]

Anyone know if the last year for the FL5 is 2025?

 

[AspecR]

Aha... that's valuable info. So, it has been significantly lower than the FK8... altho, what is the time period you are comparing it with? I can tell you from waiting for my car since Aug 3, 2022... that there were several delays in production, but i don't know if those were before or after the clock would have started ticking... do we know what is considered the true start of production? Or, are you taking it from the point that Honda started on a regular schedule of allocations/deliveries?

I’m going from 6 month into the launch of each car respectively. So 6 months into the launch of the FK8 there were about double what FL5 numbers currently are

 

[bRYANT619]

I made a few inquiries locally about purchasing an FK8 a few years back and they were selling at up to $5K over MSRP. From what I was able to gather at the time, ADM was commonplace but nothing like the FL5. Sure you could find an FK8 at MSRP but it would take some work. I decided against continuing to pursue an FK8 at the time so I didn't turn over every stone like I did for the FL5. A key consideration here is the FL5 supply is a fraction of the FK8 supply in the first year of production. The demand is also significantly greater for the FL5 than the FK8.

I had such an easier time finding both my of FK8s, 1st one I picked up in May of 2018 for 2.5k over MSRP but got $500 back in financing incentives. I also only had to call 3 dealers locally to me to find it at that price... 2nd one I bought was used off the original owner who paid MSRP at release from a dealer in Ohio. That one I got considerably cheap (2017 with 38k miles for 27,500)


So far I've had no luck finding a FL5 for +5k adm, I even went to the local dealer I originally purchased my first FK8 from and they were stuck at 15k adm on the 2 FL5s they had in stock. Realistically I am hoping to find one before the end of the year at 5k adm or less.

 

[1971Camaro]

[...]
So far I've had no luck finding a FL5 for +5k adm, I even went to the local dealer I originally purchased my first FK8 from and they were stuck at 15k adm on the 2 FL5s they had in stock. Realistically I am hoping to find one before the end of the year at 5k adm or less.

Wow, can't believe your dealer didn't consider you a good enough customer to cut you a reasonable (5k) ADM. That sucks. Hope you have the option to go to another dealer when getting your car serviced! ;p

 

[Hot Hatch Hero]

I had such an easier time finding both my of FK8s, 1st one I picked up in May of 2018 for 2.5k over MSRP but got $500 back in financing incentives. I also only had to call 3 dealers locally to me to find it at that price... 2nd one I bought was used off the original owner who paid MSRP at release from a dealer in Ohio. That one I got considerably cheap (2017 with 38k miles for 27,500)


So far I've had no luck finding a FL5 for +5k adm, I even went to the local dealer I originally purchased my first FK8 from and they were stuck at 15k adm on the 2 FL5s they had in stock. Realistically I am hoping to find one before the end of the year at 5k adm or less.

I purchased mine at MSRP and was $53k after taxes and fees. Car was optioned with alcantara steering wheel, carbon wing, leather shifter, rubber mats, and illuminated door sills. I live in Atlanta where markups are high; all I did was call pretty much every dealer as far West as Oklahoma and as far North as Ohio. Landed on one in Alabama 3 days after I started calling dozens of dealers. Only drawback is I have dealers calling me every week for the rest of my life ?.

 

[B$$]

from what people have posted here, apparently it wasn't easy to get MSRP on an FK8? how accurate is that?
All i know is that i didn't even look at an FK8 until the FL5 was announced (trying to rememb... i think it was spring of 2022)... and then, the FK8s were selling USED for 38k!! So, if i couldn't even touch a used FK8 without paying that kind of money, that also influenced me to accept an ADM on the FL5.

i know lots of brands and models, which are the ones most in demand, still are not typically selling at msrp.

I bought my '19 FK8 from a Toyota dealer for $33.5K with 6500 miles on it in February of '20, two weeks before COVID was declared a thing. The original dealer that had sold it new had been adding a $10K ADM. I did see a new one come up for MSRP about two or three months later at that same ADM dealer. It seems timing was everything with the FK8. My so-called "savings" has long been spent on jewelry for my 'lil' grocery getter.

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