How Much Should I Pay: 2009 Honda CR-V
Question From Pam: What should I have to pay a dealer for a new 2009 Honda CR-V LX if I pay cash?
Queen of the Road: Hi Pam. Welcome to AutoBragBlog! When it comes to buying a new car, there is a misconception that “paying cash” gets the buyer a better deal but this is not the case. Regardless of whether someone pays off the car immediately or finances the vehicle the dealership gets their money all the same. That is why the price AutoBrag provides does not and should not factor in how the car is purchased.
It is a two step process: “How much should I pay” and the if the buyer is financing the vehicle “What the terms are“.
Keep in mind that the price you pay all depends on the MSRP of the car you’re looking at. There’s different types of deals to choose from as well: Lowest Priced, Biggest Discounted Price, etc. It depends on what you’re looking for. If you see a one online or at a dealership, send me the MSRP and I’ll calculate a Selling Price.
According to AutoBrag’s statistics for the 2009 CR-V,
The National Average discount off MSRP: 3.78%
The National Maximum discount off MSRP: 9.01%
If you see a particular car you want, you can easily calculate the percentage off MSRP to see if you’re getting a good deal by comparing it to AutoBrag’s discount statistics.
How To Calculate The % Off MSRP: MSRP – Selling Price = X / MSRP = Y
Selling Price = The price the dealership is willing to sell the new car for. Excluding tax, registration and dealer fees
X = the dollar amount saved off MSRP
Y = the % off MSRP (Move the decimal point over two digits to the right and that’s the percentage you’re saving.)
I highly recommend you start a virtual negotiation with your surrounding dealers through Braggle on www.AutoBrag.com. You basically place anonymous offers to all dealerships within a 25 to 200 mile radius within your zip code. Dealerships get to compete for your business without gaining your contact information. This method is the easiest procedure and it’s free of charge. There is no obligation to buy if a dealer accepts your bid.
Finance Specials: 5.99% up to 60 Months. Graduate program is only available to those who have graduated in the last 2 years or the next 4 months with a Masters, Bachelors, or Associates degree from an accredited college or nursing program. Vehicle must be financed through the manufacturer’s captive finance company. Offer Expires: 10/31/2009
6.49% up to 72 Months. Graduate program is only available to those who have graduated in the last 2 years or the next 4 months with a Masters, Bachelors, or Associates degree from an accredited college or nursing program. Vehicle must be financed through the manufacturer’s captive finance company. Offer Expires: 10/31/2009
Factory-to-Dealership Specials: A Cash Back Incentive of $0-$750 is being offered to the Dealership upon purchase. Offer Expires: 11/2/2009
A Cash Back Incentive of $500 is being offered to the Dealership upon purchase. $500 Dealer Cash is available on 2009 CR-V models. Cash is combinable with Special AHFC Lease. See dealer for details. Offer Expires: 11/2/2009
Here’s a great car buying article written by a former car salesman you should read before buying. There’s always an advantage when preparing yourself for a car buying process.
Remember, cars are a commodity so these prices apply everywhere in the U.S. Goodluck and keep us posted!
