What did you pay for your FL5?
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jayevo23
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I guess it depends on location and the dealership. I know where I am at the overall price of FK8s have dropped significantly. A dealership in Delaware has a 2017 as low as 33k.
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Yes right im more worried for someone paying 100,000 for a , or a Volkswagen ,or at toyota
Yes but I'm worried for the people that pay 100,000 for a Toyota, or a Volkswagen...God forbid...those fools.
TDC50
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Your comment illustrates how crazy the market is, our perception of it has come to accept the craziness, and how devalued the US dollar is. A six year old car (2017 model year starts production in 2016) selling for basically its original MSRP is seen as ”low”. Granted, that is $33k in todays dollars which is substantially less than what $33k was in 2017 due to reckless spending of western nations during Covid. Per government calculator $34k in 2017 equals $42k in today’s money.
Neciovato
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Prices are coming down for a FK8 but they are still crazy high and MOST are still close if not over their original MSRP. When you put that into consideration - then paying ADM for a NEW FL5 - should be better than the FK8 is deemed as not sooo bad. If it was a situation where you were seeing the FK8 going for used car prices and people were still paying $10k ADM if not more bc of accessories - then YES - it would be crazy but we aren’t.
I’m a big fan of You Auto Advocate and they even say if you want an enthusiast car - limited to your area - it will be hard to get MSRP or below. I feel that things will start to go back to ’normal’ by mid next year but most aren’t willing to wait. And with the waiting list for the FL5 - the question is would you pay ‘a little more’ to get it over someone who only is willing to pay MSRP. I think ‘most’ would probably say yes.
I’m a big fan of You Auto Advocate and they even say if you want an enthusiast car - limited to your area - it will be hard to get MSRP or below. I feel that things will start to go back to ’normal’ by mid next year but most aren’t willing to wait. And with the waiting list for the FL5 - the question is would you pay ‘a little more’ to get it over someone who only is willing to pay MSRP. I think ‘most’ would probably say yes.
mbaapk
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Jujubees
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What I find interesting is that people are so surprised on what others paid for a "Civic". Yes it's a Civic, but it is a rare Civic and thus the demand > supply increases the asking price. Regardless, people pay whatever they value for the item. The additional monetary value is the sentimental value of the purchaser. Currently the FK8's in CA are still going for over well over MSRP and people are still paying 3-5k over for NORMAL civic models, because they are just that in demand, so paying 10-15k for a RARE civic model seems to fit into the CURRENT market. Prices will likely drop if you can wait for a type R, but I feel it likely that your neighbor will pay an extra $2000 to secure the car over you (this happened to me. I offered 10k over and someone snatched it from under me by offering 12K before I got to the dealership).
Also it's not an apples to apples comparison based on where one is located. I paid about 15k over (markup + accessories, some I was gonna get anyway), but I live in California, where if someone holds out for MSRP, they have a slim/none chance in ever purchasing it, unless they know a dealership owner, works for Honda, or flies out to a lower income state. The low end here is 10k markup if you're lucky and around 18-25k on average (I called 60+ dealerships, several of them multiple times over 3 weeks to check price drop and found out how much markup they sold it for). If you live in a state that snows a lot, a FWD is less desirable, and thus the markup is lower because it is not as high in demand as a state like CA. I also didn't want to be put in waitlist 20+ deep at an MSRP dealer across the country, but some who do, will likely get a better deal, if they get called before end of production.
I haven't had much posts here, but I recently left the reddit CTR subreddit due to the shear level of toxicity from anyone who said they paid any markup over 5k and several really hateful PMs. There is just too many people who think they they are entitled to demand others how to act, because its affects their ability to buy the car. What they aren't considering are the facts i.e. rising interest rates, lower trade in values, rarity of car, cost of living in the location, and average income of the region which factored into my decision to pay the markup. They only see a markup over 10k and start bashing everyone because they are hidden behind a computer.
I am merely stating how much I paid so that people would better understand that it is not black and white when deciding to pay a markup. I would never be able to get this car in CA if I held out for MSRP and that was the same case when I shopped for the FK8's. I use this as a daily driver and am not keeping it in a garage for years waiting to flip it like most of the FK8 LE's. Because of these factors, that all factored into me paying my markup.
Also it's not an apples to apples comparison based on where one is located. I paid about 15k over (markup + accessories, some I was gonna get anyway), but I live in California, where if someone holds out for MSRP, they have a slim/none chance in ever purchasing it, unless they know a dealership owner, works for Honda, or flies out to a lower income state. The low end here is 10k markup if you're lucky and around 18-25k on average (I called 60+ dealerships, several of them multiple times over 3 weeks to check price drop and found out how much markup they sold it for). If you live in a state that snows a lot, a FWD is less desirable, and thus the markup is lower because it is not as high in demand as a state like CA. I also didn't want to be put in waitlist 20+ deep at an MSRP dealer across the country, but some who do, will likely get a better deal, if they get called before end of production.
I haven't had much posts here, but I recently left the reddit CTR subreddit due to the shear level of toxicity from anyone who said they paid any markup over 5k and several really hateful PMs. There is just too many people who think they they are entitled to demand others how to act, because its affects their ability to buy the car. What they aren't considering are the facts i.e. rising interest rates, lower trade in values, rarity of car, cost of living in the location, and average income of the region which factored into my decision to pay the markup. They only see a markup over 10k and start bashing everyone because they are hidden behind a computer.
I am merely stating how much I paid so that people would better understand that it is not black and white when deciding to pay a markup. I would never be able to get this car in CA if I held out for MSRP and that was the same case when I shopped for the FK8's. I use this as a daily driver and am not keeping it in a garage for years waiting to flip it like most of the FK8 LE's. Because of these factors, that all factored into me paying my markup.
vthor85
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What will the next fun thread be? Show your interest rate if you financed lol
CyberCTR
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Nothing makes me smile more than seeing the Wendy’s workers over on Reddit crying about the ADM, talking about how they’ll never pay one because frankly they can’t afford to. They would if they were able to. No doubt.
Boostlag
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nah people don't air their finances online... they all look like they have the perfect life on insta but they fight with their spouse every night crying to sleep over money.
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