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08 Apr 09 Honda Incentives Watch: Hidden Honda Dealer Bonus in April
Honda Rebates & Honda Incentives for April 2009 has been updated. Rebates and incentives are almost same as last month despite the drop in car sales. Below is a summary and some key for car shoppers.
The 2009 Honda CR-V, the compact size crossover, has $500 dealer cash. However, we think there must be more hidden incentives on the 2009 Honda CR-V as some Honda dealerships are offering $2,000 under invoice on EX AWD model, while the 3.5% Honda holdback is only around $800.
The 2009 Honda Pilot, has $1,500 dealer cash, which is not as much as other mid size crossovers and SUVs, for example, the 2009 Mazda CX-9. However, we do see people get $3,000 below invoice. It makes us wonder if money to Honda dealers after the purchase is done is available.
The 2009 Honda Civic and the 2009 Honda Civic Coupe have $500 cash back to Honda dealer for each unit being sold.
The 2009 Honda Accord, including both the Accord Sedan and the Accord coupe, V6 and 4 cylinder, has $1,000 to support Honda dealer to increase the market share.
Besides, there are hidden incentives under the table between Honda dealership and the Japanese car manufacturer that once the Honda dealer reaches the sales goal, there is a stair-up program that would give the Honda dealer additional $500 to $1,000 cash for all Accords and Civics sold in the period, depending on which tier the dealer is at. This could be a huge bonus to Honda car shoppers as if the dealer you are working with needs to reach the sales goal in order to get the additional money from Honda, you could get a smoking deal since even car dealership loses money on your car, much more money could be made through the additional bonus.
Hope this information would help you get the best Honda deal. Please report your price to us as it would help to find out any hidden incentives and rebates available.
Tags: Car Pricing News
08 Mar 09 Honda Rebates, Incentives, Dealer Cash Back & Promotions
Honda Incentives & Rebates
Honda mostly gives cash to dealers as dealer incentives instead of passing it to car shoppers as customer rebate. One of the advantage of not giving rebates to customers is that Honda dealers could decide how much money to give out to car shoppers, if any, in order to sell cars. Therefore, the figure is not shown on your sales invoice like most car rebates do. However, since customer rebates are taxable, dealer cash is deducted directly from the selling price for the car, good thing for car shoppers is that no sales tax is applied on dealer incentives, or all money directly passed to car dealers.
Besides the dealer cash given to each car being sold, Honda has volume bonus to car dealer when sales goal is met. Sometimes, it is a tier structure bonus that could have several steps for Honda dealers to keep going up so different Honda dealers could have different amount of incentives. Usually when a Honda car is going to be re-designed, there is usually huge amount of dealer incentives for Honda dealer, which normally results in huge discount for car shoppers.
Current Honda Dealer Cash & Promotions
Honda Incentives & Rebates, Customer Cash, Dealer Bonus for September, Octobor & November 2009
[Offer expires on 11/02/2009]
| 2009 Honda Vehicles | Purchase Offer | Finance Offer |
| 2009 Honda Accord Sedan | 4cyl $1,500 Dealer CashV6: $750 Dealer Incentive | 1.9% APR for 36 month or 2.9% APR for 60 months |
| 2009 Honda Accord Coupe | 4cyl: $1,500 Dealer CashV6: $750 Honda dealer Cash | 1.9% APR for 36 month or 2.9% APR for 60 months |
| 2009 Honda Civic | $750 Dealer Incentive | 1.9% APR for 36 month or 2.9% APR for 60 months |
| 2009 Honda CR-V | $500 Honda Dealer Incentive | |
| 2009 Honda Element | ||
| 2009 Honda Pilot | $1,250 Dealer Cash | |
| 2009 Honda Odyssey | $2,500 Rebate to Dealer | 2.9% APR for 36 month or 3.9% APR for 60 months |
Tags: Car Incentive, car incentives, Car Pricing News, Car Rebates
