Time to get rid of the old car. Very likely want a Honda CRX. Test drove a new one yesterday. The original plan was to buy one a few years old with minimal mileage.
Now here's the problem. These Hondas don't lose much value in a few years. A new one doesn't cost much more than a used one. So new is an option.
So you have MSRP, dealer invoice, holdbacks, manufacturer to dealer incentives, etc. Then there is plain old supply and demand. The 2007 CRV is new and very different design from earlier models, presumably in high demand.
I know I can find the dealer invoice price at a place like Edmunds, and the dealer gets a kickback even making sales at invoice possibly profitable.
Where can you find out if cars are selling closer to invoice or MSRP ?
What options exist besides the local dealers if buying new ?
Thanks,
Now here's the problem. These Hondas don't lose much value in a few years. A new one doesn't cost much more than a used one. So new is an option.
So you have MSRP, dealer invoice, holdbacks, manufacturer to dealer incentives, etc. Then there is plain old supply and demand. The 2007 CRV is new and very different design from earlier models, presumably in high demand.
I know I can find the dealer invoice price at a place like Edmunds, and the dealer gets a kickback even making sales at invoice possibly profitable.
Where can you find out if cars are selling closer to invoice or MSRP ?
What options exist besides the local dealers if buying new ?
Thanks,