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With new models coming out later in the year and hopefully supply issues being corrected, should I expect 2011 prices to come down or is this just wishfull thinking?
Isn't 0.9% financing a price drop? I mean, if you are financing (and most do), a drop in the interest rate results in a a drop in the cost of the vehicle doesn't it? The fact that there are incentives at this point in time shows that Honda wants to move the inventory. Honda is competing against Toyota so I'd be checking to see what their incentive plans are.fwiw, i spent the last 3 weeks chasing down a 2011. Prices have gone up over that time for two reasons i'm told - summer demand for minivans as kids get out of school; and the .09% financing. Three weeks ago dealers were willing to go a couple of grand under MSRP, not anymore.
I'd look for another dealer with more inventory, or if you can, wait until the 2012's start getting delivered. This supply constraint game can only last for another few months as it seems that production has ramped up again.I was at a dealership last night and the sales man told me, "the addtional 2500 on the sticker was because of low inventory." Is that correct?
two weeks ago I was getting quotes around $34k for the EX-L, this week it was up to $35k. The .9% savings are more than off-set by the higher prices.Isn't 0.9% financing a price drop? I mean, if you are financing (and most do), a drop in the interest rate results in a a drop in the cost of the vehicle doesn't it? The fact that there are incentives at this point in time shows that Honda wants to move the inventory. Honda is competing against Toyota so I'd be checking to see what their incentive plans are.