What did you pay for your FL5?

[bRYANT619]

Too good to be true??

https://www.viphonda.com/inventory/...edium=referral&utm_campaign=cargurus_listings

it was too good to be true. called and was quoted $59,995+TTL

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[Doublestack00]

I have called around 80 dealers with stock/in-transit vehicles in the last week. Everywhere reasonable is sold/presold/reserved and everywhere with stock is 10-25k over sticker. This search is rough!

I am seeing min 10K at all dealers now, so crazy.

I’ll sell mine for 50K.

It'd be sold today if you really listed it.

 

[jchall30]

I am seeing min 10K at all dealers now, so crazy.





It'd be sold today if you really listed it.

CarMax already offered me 49k for it. Crazy these things hold their value even used. That’s what I paid for it minus the tax

 

[Tickle]

The FK8 market is crazy.

https://www.carfax.com/vehicle/SHHF...mtDiktFNw7-wI6EdalBoC6LEQAvD_BwE&gclsrc=aw.ds

 

[UFO CTR]

The FK8 market is crazy.

https://www.carfax.com/vehicle/SHHF...mtDiktFNw7-wI6EdalBoC6LEQAvD_BwE&gclsrc=aw.ds

Whao

 

[CivicR38]

Whao

ah...imagine buying a car 2-3 years ago, driving it, and being able to sell it for a 20% profit.....interesting times!

 

[ScumbagRob]

ah...imagine buying a car 2-3 years ago, driving it, and being able to sell it for a 20% profit.....interesting times!

Getting paid to rent a car!

 

[Doublestack00]

Getting paid to rent a car!

I did this with my 2020 R. Paid MSRP then sold it to Carvana a year later with 24K miles on it for right at 43K.

 

[Icehawk]

And that's why they are in serious trouble - who on earth is going to pay $50k for a used, 3 model year old car when the new one WITH ADM is the same or barely more?

I noticed the MO website's avg ADM has gone back up. When I was looking hard 2mos ago it was 15k > 12k> 10k > 12k over that time - it's back up to 15k. I guess the new wave brought more high ADMs.

 

[Doublestack00]

And that's why they are in serious trouble - who on earth is going to pay $50k for a used, 3 model year old car when the new one WITH ADM is the same or barely more?

I agree, I am not sure who is buying them but Type Rs are not sitting on dealer lots long. Blows my mind what people are willing to pay for them, I would never pay over MSRP for a new one much less a used one that someone beat the hell out of it.

 

[Tickle]

I watched one with 5k go through auction for 48k. You see that the one I posted is retail at just over 50 for the same spec. Not the same car.

This should show you the margins that dealers are working with. If you purchase it.. between auction fees and transport. You have hundreds of dollars in margin if that. It won't need much through the shop but a state inspection and looking over it... Or let's say your a Honda dealer and you certify it. You're talking no margin or slight loss.

 

[CWNole95]

I agree, I am not sure who is buying them but Type Rs are not sitting on dealer lots long. Blows my mind what people are willing to pay for them, I would never pay over MSRP for a new one much less a used one that someone beat the hell out of it.

Stopped by to see a buddy while he was getting some parts at the dealership, and the sales manager asked me to call him if I’d sell for $55k. It really is insane.

 

[bRYANT619]

And that's why they are in serious trouble - who on earth is going to pay $50k for a used, 3 model year old car when the new one WITH ADM is the same or barely more?

I noticed the MO website's avg ADM has gone back up. When I was looking hard 2mos ago it was 15k > 12k> 10k > 12k over that time - it's back up to 15k. I guess the new wave brought more high ADMs.

Someone else on here mentioned that it is driving season, which makes a lot of sense with summer months and nice weather coming for most of the US. I also figured tax return season may have possibly played a role in the recent ADM bumps as well.


I had a price menu/OTD Invoice quote done up for me yesterday from a Honda dealer I'm currently in talks with and what I found most ridiculous was the 13-15% APR they had on there I explained to the guy I have a 830 credit score and only debt I have is a mortgage but he explained invoice quotes display the store average APR of all previous/current customers..

 

[Icehawk]

$55k? Sheesh, that's what I paid with ADM and taxes included - that's just nuts. I know there are a lot of dumb people out there but, wow. @bRYANT619 isn't that nuts? I got offered 7% and the guy was saying the average was like 11%! 7% is a bad number but 11% is a RUN don't walk. I know the R is "special" but I was expecting Honda to have a 3.9 or 4.9 avail, was surprised they couldn't get close to BoA whose rates were within .2% of the local Credit Unions (so not worth the hassle for me).

Still thinking my wife should dump her '13 Si, it will still sell for 50% more than I think it is actually worth. The market has to crash sometime, right?!

 

[atlcivic]

Everywhere I reach out the markup is 15-20k…. On the verge of giving up.

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