Sunday, January 8, 2012

If the redesigned 2009 Acura TSX is about to be released, what is a reasonable price for a new 2008?

Since the 2008 is about to be an "old" model, shouldn't the price drop? What is a reasonable drop to expect from the dealer?|||I heard that the 2009 won't come out for sale until oct, and since the TSX's are produced overseas, they stop producing them in the fall. I had that problem last year when I was looking to buy the 2007's and found out that all the dealerships around my area were out of stock for the 2007's so I ended up purchasing the 2008. I doubt you will be able to get too much discount on the 2008 because TSX's are pretty popular.|||Honda (Acura) has a history of REALLY trying to clear outgoing models before the new style gets there.





All manufacturers usually offer better incentives on older model year cars. Plus dealers are always wanting to clear these out because they are paying finance charges to the bank on them (called Floorplan). So every day the old ones sit, they have to pay money on them.





Especially on Acuras, they want to move the older ones. So Honda will usually offer "Dealer Cash" to the dealers. You can find this amount out by getting a copy of Automotive News and looking at the Incentives section. Tell them you want the car for invoice, and you want ALL the Dealer Cash...no negotiation on the Dealer Cash, you get it all. The dealer gets to keep the Dealer Cash if he doesn't give it to you, so get it all.





Also, tell them you want "Holdback" as well. Holdback is approximately 3% of MSRP that the manufacturer pays the dealer after the sale. So a dealer can sell you a $30K car at "invoice" and still gets a $900 check from Acura. They usually won't go into Holdback unless they really want to move it, so you do well to get half of it. At least try.





The way I look at it, a dealer never hesitates to ask for $30K over sticker on the new M3, or $20K over for a Corvette Z06. Why should you feel bad about asking for a better deal on a car he needs to move anyway??|||I work at a Chevy dealership.





We have a couple of 2004-07 models on the new lot. No price gets knocked off for being and older model because it is still considered NEW.





Same goes for demos, the salesman and managers use the cars until they have around 6,000 miles on them then turn them back to the NEW lot and they are considered new!|||It has to be released before the price will drop. The TSX is one of the BEST cars at holding resale value though.

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