2023 Civic Type R Waitlist / Deposit / Reservations List - Check in here!

[Clark_Kent]

5% of 1000 odd dealerships is still 50 dealerships. I guess I'm saying "plenty" as in more than oneie twosies. I too have dived down the rabbit hole of calling too many dealers. After all, sometimes the hunt can be as fun as the catch.

As someone that was just looking to try something JDM for the first time, my only conclusion now is that Honda is making a valiant effort to annoy and alienate potential customers by rewarding this dealer behavior...all over a Civic with some red carpets and an Accord engine.

At the end of the day, I have a classic BMW sitting at home that can receive a lot of maintenance for $55k and will slide around in the snow way better than a FWD economy car when I need to get the willies out. To the ones with cars, I hope it's worth it.

You are 100% right on, the hunt is definitely as exhilarating as the catch, at least me for anyway.

Unless you move to a DTC model, which some love and others hate, it's difficult to avoid what we're seeing. A confluence of the dealership model, allocation system, and a free market allows this to happen. There's a lot of hate being lobbed at Honda but, there are other manufacturers offering a similar experience with certain models. Porsche is far worse than Honda from my experience. Imagine a dealership requiring you to buy several cars you don't want for the mere chance, not opportunity, but chance to purchase a car you want with an ADM...yeah

The FL5 is worth it, but at what cost is the question. And when I say cost, it's financial or otherwise. You'll get different answers from different people.

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[Ohlins8990]

Even after owning a 911, I’m not going side with Porsche for the GT3 non sense. The only reason they get away with it is because there is a community of people out there that pay for it and allow it. We can speak with our money.

I’m curious if you put a poll on this site…how many would be interested in an FL5 if MSRP was $55k and it was forced to be sold at that price. I’d imagine there would have been some expectation to have more thoroughly resolved some of the outgoing FK8’s pitfalls…cooling etc.

 

[spectre186]

MSRP of 50k I’d still pay it. Yes, it’s expensive, but still you’re having to spend a lot more money for something like an RS3, M3 or ct4v BW. Elantra N is a smoking deal for the performance, GRC isn’t far behind.

I’ve been very impressed with the CTR. I hope I get a similar feeling when I eventually own a 911.

 

[AspecR]

If you think you're going to get a deal on a 2024 Type R you are delusional...

Your only hope to get MSRP or a low ADM deal is a 2023 that has been sitting on the lot. Unlike the GR Corolla the demand on the FL5 is still very high and will likely be the entire generation.

Unless you're paying cash, waiting on the sideline for the last year for an MSRP deal has netted you basically nothing. Interest rates have almost doubled in this timeframe and you're just paying the ADM to the bank instead of the dealership. $5K ADM is still the norm but you're paying at least $4-5K MORE in interest over the life of the loan. Everyone's finanical situation is different but PLEASE factor this into your irrational decision to buy a brand new car in the first place.

As someone who has driven this car daily for 11 months, pay what you can afford and stop being stubborn about saving a few thousand dollars. The money is relatively insignificant in the grand scheme of things if you factor in the value of enjoying the experience in the meantime.

I’ve been trying to explain this to people, the cars aren’t getting any cheaper, interest rates aren’t going down any time soon and factoring in your time. It makes sense to take the deal that best fits what you’re able to afford. Not saying someone should buy one for $10k over but I’ve offered people $5k over when you could finance it at 3.9% and they bailed. Those same people are now paying that same $5k over on the new MSRP at 7.9% because they didn’t seize the opportunity at the time, thinking ADM would come down and the MSRP wouldn’t change.

 

[007]

In certain scenarios, delaying a purchase can be financially prudent, even if the MSRP rises significantly. This is particularly true as personal financial circumstances vary greatly. For instance, I prefer to make a substantial down payment or even pay in full for a new car to ensure peace of mind. By waiting longer, I can save more, which makes affording a specific car easier. In my situation, a $5k increase in MSRP over two to three years is relatively minor compared to my salary growth and savings accumulation during the same period. This includes considering factors like inflation. Hence, for me, waiting to make the purchase remains the more sensible approach, even in the face of potential increases in MSRP and interest rates during that period.

 

[superporpoise]

If you think you're going to get a deal on a 2024 Type R you are delusional...

Your only hope to get MSRP or a low ADM deal is a 2023 that has been sitting on the lot. Unlike the GR Corolla the demand on the FL5 is still very high and will likely be the entire generation.

Unless you're paying cash, waiting on the sideline for the last year for an MSRP deal has netted you basically nothing. Interest rates have almost doubled in this timeframe and you're just paying the ADM to the bank instead of the dealership. $5K ADM is still the norm but you're paying at least $4-5K MORE in interest over the life of the loan. Everyone's finanical situation is different but PLEASE factor this into your irrational decision to buy a brand new car in the first place.

As someone who has driven this car daily for 11 months, pay what you can afford and stop being stubborn about saving a few thousand dollars. The money is relatively insignificant in the grand scheme of things if you factor in the value of enjoying the experience in the meantime.

I disagree with your read on the supply of these cars. There are a lot of 2024s on the way and people are finally starting to sell used examples. As supply increases prices will decrease — and Honda is making a lot of them. Of course many dealers who get 2024s will start with an optimistic markup. But they’re shooting themselves in the foot. A dealer local to me got a 2023 in the beginning of November, priced it 15 over, and 6 weeks later it still hasn’t sold. Now they’re at 5 over and no buyers. If they’d have listed it for 7 over in November they would have sold it faster and made more money. The dealers who win will start with a modest ADM and undercut their competition. There are too many cars out there and cars with a high markup are going to sit.

Your argument about interest rates is true and contributing further to cars sitting. Right now is a good time to be a cash buyer.

 

[superporpoise]

Also, completely anecdotal but between yesterday + today, 9 different dealers have contacted me asking if I’m still interested in a Type R. Prior to this I would maybe get 1 every two weeks or so checking in.

 

[Mordotz]

To me, I refuse to pay dealer markup just out of principle.

If I can’t get one from one of the MSRP dealers I’m in line next year, I’m just going to splurge for a CT4V BW. ?

 

[randomFL5guy]

Also, completely anecdotal but between yesterday + today, 9 different dealers have contacted me asking if I’m still interested in a Type R. Prior to this I would maybe get 1 every two weeks or so checking in.

According to the tracker there's about 920 CTR's either at dealers or in transit to dealers (versus a steady state of 300-400ish last year), dealers are getting flooded with units now.

 

[Trey]

According to the tracker there's about 920 CTR's either at dealers or in transit to dealers (versus a steady state of 300-400ish last year), dealers are getting flooded with units now.

Link to tracker? ??

 

[randomFL5guy]

Link to tracker? ??

Here you go: https://www.motoringobsession.com/stock/civic-type-r

 

[Tickle]

I disagree with your read on the supply of these cars. There are a lot of 2024s on the way and people are finally starting to sell used examples. As supply increases prices will decrease — and Honda is making a lot of them. Of course many dealers who get 2024s will start with an optimistic markup. But they’re shooting themselves in the foot. A dealer local to me got a 2023 in the beginning of November, priced it 15 over, and 6 weeks later it still hasn’t sold. Now they’re at 5 over and no buyers. If they’d have listed it for 7 over in November they would have sold it faster and made more money. The dealers who win will start with a modest ADM and undercut their competition. There are too many cars out there and cars with a high markup are going to sit.

Your argument about interest rates is true and contributing further to cars sitting. Right now is a good time to be a cash buyer.

You can speculate that it would have sold. You certainly don't know...

Dealers are showing you if they are interested in selling the car. They may ADM 15k not because they don't understand the market but because they want to keep the car.

A likey reason the surge in Honda dealers reaching out is because zone managers sent out emails asking what colors dealers wanted last Thursday.

 

[hookb4ulook]

To me, I refuse to pay dealer markup just out of principle.

If I can’t get one from one of the MSRP dealers I’m in line next year, I’m just going to splurge for a CT4V BW. ?

same here! if CTR not at MSRP, i'll get 2024 z4 m40i manual at msrp or below instead. I'll fit in better for those early bird special dinner outtings with all the seniors in a z4 anyways

 

[superporpoise]

You can speculate that it would have sold. You certainly don't know...

Dealers are showing you if they are interested in selling the car. They may ADM 15k not because they don't understand the market but because they want to keep the car.

A likey reason the surge in Honda dealers reaching out is because zone managers sent out emails asking what colors dealers wanted last Thursday.

What kind of car dealer doesn't want to sell cars?

The dealers who reached out to me did so because they found out they had 2024s incoming.

 

[Tickle]

What kind of car dealer doesn't want to sell cars?

The dealers who reached out to me did so because they found out they had 2024s incoming.

Dealerships want to sell the car. Starting at 15k lowers the likelihood of selling it immediately. Cars like this generate buzz. You can use it in social media and attention in the showroom. Your internet traffic shoots up. Inquires from your database or outside of it. People are touching the dealership in one way or another. So, starting at a high asking price allows you to keep the car longer.

I assume any dealer can sell their Type R as soon as they want to...

The ones that have it bad are the dealers looking to sell preowned options north of 47k (MMR)

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