What did you pay for your FL5?

[AspecR]

Hate to break it to you...but a dealership is a business (businesses need to make money)

If you go to the grocery store and buy milk you are paying a mark up and someone is making money off of you, the world keeps turning...

Funny you say this because milk has a higher markup percentage than a new car.

Sponsored

 

[CyberCTR]

Funny you say this because milk has a higher markup percentage than a new car.

whatever you do dont look at old receipts from years ago!

 

[spectre186]

For loan rates, what are people seeing for 800+ credit score on 60 months? My 3% interest in my HYSA could actually make it advantageous to finance over cash. Crazy times indeed.

 

[CyberCTR]

For loan rates, what are people seeing for 800+ credit score on 60 months? My 3% interest in my HYSA could actually make it advantageous to finance over cash. Crazy times indeed.

I got a 5.05% quote on a 72 month

 

[CivicR38]

I got a 5.05% quote on a 72 month

just so people are aware, that same interest rate 6 months ago was 2.99 which ends up costing you 3-4k in interest if you finance the entire amount over 72 months.

2% may not seem like a big number but it adds up.

 

[RickyJeezus]

Funny you say this because milk has a higher markup percentage than a new car.

Dammit I’m sure it is ?

 

[Icehawk]

Hate to break it to you...but a dealership is a business (businesses need to make money)

If you go to the grocery store and buy milk you are paying a mark up and someone is making money off of you, the world keeps turning...

The MSRP includes the "standard" markup, I'm not suggesting we ask for invoice or below invoice pricing. I mean those poor dealers, making record profits over the last two years I should feel badly I don't want to inflate their bottom line further.

 

[ELIAS64]

About to have a Dave Ramsey-style heart attack on this thread.. ?

 

[Village911]

https://www.motorbiscuit.com/2023-honda-cr-v-got-substantial-price-increase/

I mean, CRV jumped $4,310 over too. I dont think 43k is that crazy. However, 41k could've been better.

 

[Neciovato]

Thanks to everyone that is sharing - a lot of us are wanting to know if anyone is actually getting MSRP and what the final costs are being - ADM, forced packages etc. So definitely appreciate it.
I think either a FK8 CTR or the FL5 CTR or the GR Corolla would be the ideal daily driver. This is why I want to own one of these cars - this way I can make my Z the project car and know I have something that is fun and reliable. Anyway - thanks for all that have shared etc.

 

[Tickle]

Thanks to everyone that is sharing - a lot of us are wanting to know if anyone is actually getting MSRP and what the final costs are being - ADM, forced packages etc. So definitely appreciate it.
I think either a FK8 CTR or the FL5 CTR or the GR Corolla would be the ideal daily driver. This is why I want to own one of these cars - this way I can make my Z the project car and know I have something that is fun and reliable. Anyway - thanks for all that have shared etc.

Not a forced package if you don't buy it.

 

[Tickle]

https://www.motorbiscuit.com/2023-honda-cr-v-got-substantial-price-increase/

I mean, CRV jumped $4,310 over too. I dont think 43k is that crazy. However, 41k could've been better.

It tells you why it's 4310. The LX trim level is gone. Not exactly a fair comp.

 

[Neciovato]

Not a forced package if you don't buy it.

I agree - but if everyone is right that these cars are going to be more limited than the FK8 CTR - and that car had ADM added on it when it was first released - and there was no pandemic. I’m sure one won’t be able to get this car without having to pay more than MSRP unless you have a hookup with a dealer or something.
Regardless I know I’ll be waiting on the used market for this car or the others such as the GR Corolla or FK8 CTR. I just don’t like putting that much money toward a depreciating asset and I don’t fear getting a low-mileage used car.

 

[Tickle]

I agree - but if everyone is right that these cars are going to be more limited than the FK8 CTR - and that car had ADM added on it when it was first released - and there was no pandemic. I’m sure one won’t be able to get this car without having to pay more than MSRP unless you have a hookup with a dealer or something.
Regardless I know I’ll be waiting on the used market for this car or the others such as the GR Corolla or FK8 CTR. I just don’t like putting that much money toward a depreciating asset and I don’t fear getting a low-mileage used car.

Depending on the ADM... isn't it the better bet versus the low milage used car your paying nearly MSRP or more in the first place?

Keeping that same logic... What if you wait. See what Civics sell for and what the market value is. Then... use that logic to try and buy one from a dealer. Right now dealers are feeling their way through it. Starting high because you can always go down.

I know dealers that are 5000 adm on a Civic Sport and will watch you walk out door if you are not interested. So it will be hard to talk them down from their 10k+ mountain.

 

[Neciovato]

Depending on the ADM... isn't it the better bet versus the low milage used car your paying nearly MSRP or more in the first place?

Keeping that same logic... What if you wait. See what Civics sell for and what the market value is. Then... use that logic to try and buy one from a dealer. Right now dealers are feeling their way through it. Starting high because you can always go down.

I know dealers that are 5000 adm on a Civic Sport and will watch you walk out door if you are not interested. So it will be hard to talk them down from their 10k+ mountain.

I’m in a wait and see type mode - and don’t plan on changing from that for a little while. Personally the whole ADM deal might not even be an issue on most if not all cars by this time next year. With the current economy, FED already stating they will be increasing interest rates and trade-ins already starting to come down to normality - purchases like this will have a limited audience. I know in 2017 when the CTR first came out - people were paying something like $2500 extra if that on the car. My logic is that this time next year - we won’t be seeing this car in the used car market or any car going for over MSRP of a new one - I just don’t see it. The pandemic which created a chip shortage has really FUBAR’d the auto market among other things; so I’ll be curious to see what the landscape looks like next year at the earliest.

Sponsored