Edmunds 2005 Accord Pricing
A 2005 Accord EX w/leather and 4 cylinder, is listed in the Edmunds guide
with following costs: MSRP $24,600 INVOICE $22,136 TMV 21,993 How accurate is this data? Has any one in the group bought an Accord for the True Market Value(TMV) listed in the Edmunds guide? I got a quote on a 2006 Accord EX w/Leather and 4 cylinder of $25,000. The salesman said the 2006 price increase is 1.4%, which change Edmunds costs to: MSRP $25,584 INVOICE $23,021 TMV $22,873 Based on Edmunds' numbers, it looks I'm leaving a lot of money on the table. Any comments from the group are appreciated. |
Re: Edmunds 2005 Accord Pricing
"Joe" <jrb258@hotmail.com> wrote in news:df58np04uf@enews1.newsguy.com:
<snip fairy tale stuff> > > How accurate is this data? Has any one in the group bought an Accord > for the True Market Value(TMV) listed in the Edmunds guide? Where the hell does Edmunds get the hubris to say that they can determine "true market value"? What a crock of . "True market value" is what the car *actually sells for*, and nothing else. You can crunch numbers and pull your wank for ever and a day, and it means zero if nobody will sell to you at this "true" price. Edmunds cannot force dealers to sell for what Edmunds decrees is "true" market value. What a laugh. -- TeGGeR® The Unofficial Honda/Acura FAQ www.tegger.com/hondafaq/ |
Re: Edmunds 2005 Accord Pricing
"Joe" <jrb258@hotmail.com> wrote in message news:df58np04uf@enews1.newsguy.com... >A 2005 Accord EX w/leather and 4 cylinder, is listed in the Edmunds guide >with following costs: > MSRP $24,600 > INVOICE $22,136 > TMV 21,993 > > How accurate is this data? Has any one in the group bought an Accord for > the True Market Value(TMV) listed in the Edmunds guide? > > I got a quote on a 2006 Accord EX w/Leather and 4 cylinder of $25,000. > The salesman said the 2006 price increase is 1.4%, which change Edmunds > costs to: > MSRP $25,584 > INVOICE $23,021 > TMV $22,873 > > Based on Edmunds' numbers, it looks I'm leaving a lot of money on the > table. > > Any comments from the group are appreciated. I recently purchased an '05 Accord LX 5-speed for a little more than 1k under the TMV price. Negotiate between different dealers and always be ready to walk away. But keep in mind, this is the end of the year clearance - they want to get rid of the cars and other people are also looking. So what you don't buy, it may not be there when you come back. -Dave |
Re: Edmunds 2005 Accord Pricing
TMV is pretty accurate, maybe slightly over the lowest price you can get
from a dealer. I bought my 2004 6MT Ex V6 coupe leather for less than Edmunds TMV. Paid $25,000 for a $26,990 MSRP car. Don't trust your salesman any further than you can throw him. Be prepared to walk if you sense he is jerking you. Remember he is looking out for #1, Himself. You should get a real good discount on end of 2005 model year clearance. Personally, I would wait on the 2006's. Unlike 2003 - 2005 Accords which look identical, you will be able to tell the difference on 2006 Accords. 06 Accords will undergo a significant restyle on the rear tail lamp area. This could drop the value on your 05 Accord. It will be considered a year old in less than month. Good Luck! "TeGGeR®" <tegger@tegger.c0m> wrote in message news:Xns96C3C3D01BE83tegger@207.14.113.17... > "Joe" <jrb258@hotmail.com> wrote in news:df58np04uf@enews1.newsguy.com: > > > <snip fairy tale stuff> > > > > > > How accurate is this data? Has any one in the group bought an Accord > > for the True Market Value(TMV) listed in the Edmunds guide? > > > > Where the hell does Edmunds get the hubris to say that they can determine > "true market value"? What a crock of . > > "True market value" is what the car *actually sells for*, and nothing else. > You can crunch numbers and pull your wank for ever and a day, and it means > zero if nobody will sell to you at this "true" price. > > Edmunds cannot force dealers to sell for what Edmunds decrees is "true" > market value. What a laugh. > > > -- > TeGGeR® > > The Unofficial Honda/Acura FAQ > www.tegger.com/hondafaq/ |
Re: Edmunds 2005 Accord Pricing
> > Where the hell does Edmunds get the hubris to say that they can
determine > > "true market value"? How strange that you would object to Edmunds listing what others are actually paying, using real sales data (so it claims). If you believe they don't use actual sales data, then that's another issue. Just the fact that the TMV number is often below the MSRP and invoice prices is, it seems to me, helpful to car buyers. Have you some other guide to offer new car buyers, to let them know they can in fact not only not pay MSRP, but pay under invoice? Edmunds with the many other sites on car buying seems to me to be a good tool. It's also helpful to read the reports here of people regularly paying under invoice. |
Re: Edmunds 2005 Accord Pricing
Joe wrote:
> A 2005 Accord EX w/leather and 4 cylinder, is listed in the Edmunds guide > with following costs: > MSRP $24,600 > INVOICE $22,136 > TMV 21,993 > I was recently helping a friend shop for a new car and we had no trouble getting two local dealers to meet or beat the Edmunds TMV prices on a 2005 Accord. Use the request a quote link from Edmunds, KBB.com or carsdirect.com and you should get some very agressive quotes from nearby dealers. I wouldn't expect to be able to get agressive prices for the 2006 just yet as they are only starting to trickle out and dealers are going to take top dollar from gotta-have-it-now suckers. John |
Re: Edmunds 2005 Accord Pricing
TeGGeR® wrote:
> "Joe" <jrb258@hotmail.com> wrote in news:df58np04uf@enews1.newsguy.com: > > > <snip fairy tale stuff> > > >>How accurate is this data? Has any one in the group bought an Accord >>for the True Market Value(TMV) listed in the Edmunds guide? > > > > > Where the hell does Edmunds get the hubris to say that they can determine > "true market value"? What a crock of . > > "True market value" is what the car *actually sells for*, and nothing else. > You can crunch numbers and pull your wank for ever and a day, and it means > zero if nobody will sell to you at this "true" price. > > Edmunds cannot force dealers to sell for what Edmunds decrees is "true" > market value. What a laugh. > > You missed the point. Edmunds is not forcing anyone. They are simply gathering information about the real marketplace and publishing it. I had no trouble getting quote at or below the TMV price when I was recently helping a friend with his new car shopping. John |
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