You sure about that? Honda/Acura has been a no-third party dealers for a while, not an add market fee for third party dealers. Unless something recently changed.
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Oh I thought they just charge âmarket priceâ on Hondas.
The âtoyota dealerâ in the example is why I thought that.
Try Driveway.com too.
The Toyota dealer most likely has an Acura / Honda dealer under the same ownership. Autonation def has a Honda / Acura dealer under their umbrella.
Reach out to all nearby Honda / Acura dealers with your VIN / Mileage / Condition or fill out the â we will buy your vehicle â link and go from there, get offers, etcâŚ
When you sell to a dealer, you do not owe any taxes. Itâs very rare that the dealer you trade your car into will also be the one giving you the best deal on a new one. Itâs one more avenue that allows a dealer to move numbers around with the appearance of a good deal for you. We typically recommend separating the two transactions from each other.
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Itâs very rare that the dealer you trade your car into will also be the one giving you the best deal on a new one.
Thank you! I keep hearing this advice, but in reality, the car I am trying to buy is a new CR-V Hybrid, and it turns out itâs pretty tough to squeeze a lot out of dealers on this oneâŚso basically Iâm getting the same deal from dealers on the new car, and then the tie breaker seems to be who offers the most on a trade. Which means that actually it violates this maxim. Does this make sense to you?
The dealer would then add to the MF of the next lease so you will be paying for the extra amt. Look at the final payment + down to see if you are getting taken.
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It makes sense. Two things here though, as mentioned contact the local Honda / Acura dealers and see who is going to give you the most for it. Keep an Excel spreadsheet of the offers so you can see what your numbers your talking about.
Depends on how much time you want to put into this as well. When you combine how are you certain they arenât offering more on trade and less off the new vehicle ( or they bump the mf ) which goes back to my original point of confusing the consumer into thinking itâs a great deal when it isnât.
If you understand the math backwards and forwards then perhaps violate the maxim but if your not 100% certain then I wouldnât do it.
Once you determine the equity amount in the current vehicle in theory you could craft two target deals and send them to a few dealers. One offer being to keep the transactions separate and another combining them. On these two offers, especially the trade one you have to itemize every dollar and account for the exact mf, rv, rebates, incentives, trade value, and understand where they all go.
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OK got it, I think. To confirm, youâre saying that the dealer could offer me a âsweetâ deal on the trade, but really what theyâre doing is inflating the MF on the new lease to make up for it there and trying to sneak that through on me ?
If so, thatâs a great heads up - Iâll definitely make sure I find out what MF theyâre talking about. What is the best way to know if the MF is too high or too low?
What are the candidates for the new car?
Weâre looking at Honda CR-V Hybrid.
I guess not lease.
Why not? We actually were thinking of leasingâŚ
Any hybrid small SUV lease is terrible.
There is not enough saving on gas for 10k miles lease to compensate higher payment.
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Ah, I see - thanks!
Unless you want to ruduce yor carbon footprint and pay for that around $100/m 
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Fair! Yeah I think weâd prefer to finance but as of right now prefer the relatively smaller monthly payments. Some vision of buying out the car towards the end of the leaseâŚ
Btw. Why not EV? You are not making long trips seeing your 17k mile over 3 years?
We live in a city and park on the street!
Yea, but for a $400-500/m payment and free 2 year charging at EA Lyriq may work.
Another option is Ariya, with payment around $350/m with no loyalty. Do you have any of EA or EVGo charges nearby? Your location?
I would add to that list Chevy Blazer EV or Equinox EV. There are plenty of great deals.
For that milage, you will charge this car twice a month
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Honda CRV leases are terrible. And youâll pay a lot more over the life cycle of lease followed by used car loan vs getting a new car loan on day one.