Heard a rumor that Honda is gonna offer employee discount to all on the 05 model years. More of a sales promo than anything since they probably don't have that many unsold Hondas' around.Anyone else heard this?
Employee Discount?
bones774
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Employee discount
I just bought an EX-L RES with splashguards for 29,515 last week. I am not an employee. Ocean mist
I did shop via email a 200 mile radius. I simply showed the others the price and then they would fight to beat it. If you can shop for a few weeks, this is the way to do it.
I ended up buying local at this price. So I didn't have to travel.
I just bought an EX-L RES with splashguards for 29,515 last week. I am not an employee. Ocean mist
I did shop via email a 200 mile radius. I simply showed the others the price and then they would fight to beat it. If you can shop for a few weeks, this is the way to do it.
I ended up buying local at this price. So I didn't have to travel.
Modeler,
Of course it's simple, all new car transactions are simple!
I guess it's just another "If it sounds to good to be true..." kinda things.
Your logic still leaves an amount the dealer can bargin with. Dealers are not losing money & I'd be real surprised if the discount is coming out of their pocket.
I'm confident that some dealers will offer further discount if they want to move a particular vehicle. There is a discussion going on the Edmunds fourm that seems to back this up.
I guess the big winner is people shopping for a Saturn which I think still won't haggle on price. To bad I don't think I'd feel like a winner driving a Saturn.
DD
Of course it's simple, all new car transactions are simple!
I guess it's just another "If it sounds to good to be true..." kinda things.
Your logic still leaves an amount the dealer can bargin with. Dealers are not losing money & I'd be real surprised if the discount is coming out of their pocket.
I'm confident that some dealers will offer further discount if they want to move a particular vehicle. There is a discussion going on the Edmunds fourm that seems to back this up.
I guess the big winner is people shopping for a Saturn which I think still won't haggle on price. To bad I don't think I'd feel like a winner driving a Saturn.
DD
Danny, did you even read my post? I'm not providing any argument using any "logic", I'm merely describing the facts of the programs to you. There's nothing "too good to be true" about these programs, they're just Ok (although they're great for people who can't bargain).DannyD said:
Again, it's very simple: there is no "discount" there is just a pre-defined employee price for every vehicle. And, no, the dealer will not further reduce this price.
If you don't believe me, read this descriptions of the Ford program from fordpartner.com:
Obtaining a Vehicle
· Each time you wish to participate in the Plan you will need to obtain an approval prior to the purchase. For each approval you will need to generate a new Personal Identification Number (PIN). To request a PIN, go the "Generate a PIN" tab from www.fordpartner.com . To learn more about PINs, see the "What is a PIN?" section.
NOTE: Each PIN is valid only for a single purchase or lease and may be used solely in the U.S. Once the PIN is generated, only the assigned individual on the PIN is authorized to purchase an eligible vehicle. PINs expire, if not used, one year from generation.
· Immediately identify yourself to the dealer as an X Plan – Partner Recognition Program eligible customer.
· Give the dealer only the last four digits of your Social Security Number (SSN) and your seven digit Personal Identification Number (PIN). (This combination is your New Vehicle Purchase Plan ID number).
· The dealer will enter your Purchase Plan ID into the computer to verify your eligibility. Once your eligibility has been verified, the dealer can lock in the approval to complete the transaction. (If you decide not to complete the transaction at that dealership, ask the dealer to cancel the locked-in approval so that you can use it elsewhere.)
· Your dealer is required to collect appropriate proof of identity from you prior to the sale. Please see, Appropriate X Plan Use for further details
· Ask for a copy of the vehicle invoice which shows the "X" plan price in the box labeled "X Plan" located in the lower right hand corner (lower left for Volvo- not displayed for Jaguar or Land Rover). This is always the correct "X" plan price.
· NOTE: Mazda is not included in Ford's "X" Plan; Mazda vehicles may be purchased under Mazda's "S" Plan.
· The dealer will complete and ask you to sign the New Vehicle Purchase Plan/Red Carpet Lease Option Customer/Dealer Agreement and Pricing Sheet*. After you have signed it, the dealer will provide you with a copy. This is your assurance that the price charged is the correct price. Do not sign this form if it is blank or if you do not understand how the price was calculated. If you have any questions or concerns about the terms of your purchase or lease, ask your dealer for clarification before closing the transaction.
*See the "FORMS" Section for a copy of this document. This document is not provided for Jaguar or Land Rover vehicles.
Here's what GM Supplier program (similar to employee program) offers:
What is the vehicle discount?
Each dealer invoice lists a GM Supplier Discount price, which is the special price you, as an eligible Supplier Company employee, pay for that vehicle. For Saab pricing please see your local participating Saab dealer. Saab provides a GM program/supplier price list that you may request by calling Saab's Customer Assistance Center at 1-800-955-9007. You may also ask your sales representative to show you a copy of the dealer invoice. You can then compare your cost to the Manufacturer's Suggested Retail Price to calculate your discount.
So, in lieu of Employee pricing plan, if I am good at haggling, would there still be a chance of getting the price lower than employee price?
If yes, then what's the deal with all the excitement of employee pricing plan? People just can't haggle anymore ?
If yes, then what's the deal with all the excitement of employee pricing plan? People just can't haggle anymore ?
"People" never could haggle! Just look at Edmunds True Market Value (TMV) for a few vehicles that are in reasonably high demand and you'll see that the average Joe pays thousands of dollars more than the best shoppers on this forum!jono said:
So average Joe just loves the employee discount because not only does he not have to haggle, he perceives this price to be better than anything he could get even if he were the best negotiator in the world. Which is simply not always true (though it is true most of the time).
In some cases people can get better prices than offered under the employee purchase programs, but these deals typically involve some special circumstances: vehicle that's been sitting on the lot for many months, dealer willing to sell at a small loss just to make the quota for the qurter or year, etc.
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I believe there's a limit of 1 purchase per year and transferable to immediate family only.wm008 said:
It covers Acura as well but not sure about motorcycle and other marine products.
Modeler,
Pardon me for presuming you use logic. Didn't mean to get your panties in a wad there skippy.
If a good is being offered for less than retail it is being offered at a discount, it's pretty simple.
The dealer will still make money off the deal after the dealer comensates them for the . If they are willing to make less they can discount further.
DD
Pardon me for presuming you use logic. Didn't mean to get your panties in a wad there skippy.
If a good is being offered for less than retail it is being offered at a discount, it's pretty simple.
The dealer will still make money off the deal after the dealer comensates them for the . If they are willing to make less they can discount further.
DD
No need to be an a-hole! I've tried to explain something elementary to you, yet you keep bringing up some baseless assumptions and ignore the facts.DannyD said:
Assumption is the mother of all f@ckups! You don't know what dealers are allowed to do under their contract with manufacturers! What you say may or may not be true, but the point is that
it is pure speculation on your part.
The program is structured to 1 car every 6 months and direct family memeber are eligable also . There is also a lease program with very goods terms (incl. insurance etc..)lelandstanford said:
As far as other products (motorcycles, watercraft, lawn mowevers, etc.) these are also available at reduced prices.
My sister works for American Honda in Torrance, CA. I've seen the discounts and they are nothing to sneeze at. The EX-L was going for around $22.5K which is about 5 grand less than dealer invoice! The colors were all white though (at the time of the list I received).
She couldn't get a discount for me because she's a contractor
I've asked her to have an employee friend buy it for me and we split the savings from invoice but she felt too uncomfortable doing it.
Oh well!
She couldn't get a discount for me because she's a contractor
I've asked her to have an employee friend buy it for me and we split the savings from invoice but she felt too uncomfortable doing it.
Oh well!
This does not really qualify as an "employee discount" as it was a one-time thing. These could also have been program cars. No dealer is going to routinely sell cars to employees at $4,000 loss.vialins3 said:My sister works for American Honda in Torrance, CA. I've seen the discounts and they are nothing to sneeze at. The EX-L was going for around $22.5K which is about 5 grand less than dealer invoice! The colors were all white though (at the time of the list I received).
She couldn't get a discount for me because she's a contractor
I've asked her to have an employee friend buy it for me and we split the savings from invoice but she felt too uncomfortable doing it.
Oh well!
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