Reason for Visit: Sales (Used)
I recommend this dealer: No
My Review of David McDavid Honda Of Irving:
McDavid is an old school dealership that practices the bait & switch tactics from the 90's.
The initial sales experience was good, with our salesman Ronnie doing a good job of accomodating our requests to see multiple vehicles. Ronnie was patient and didnt push us around. After we found a couple of cars we liked, we told the salesman and and sales manager that they were all too expensive. The sales manager asked for our price, which was $2500 less (used 2007 Accord EX-L) than the sticker and $500 less than any other dealer for comparable vehicle. He matched my bid. This is going to be an easy, pleasant car buying experience, or so we thought.
Then we went to see Duc Le, the Finance guy. This is where the tricks began. We had cash to pay for the vehicle by way of a pre-approved loan and blank check from our bank. This makes negotiating so much easier. When I told them about the pre-approved loan, they asked what the interest rate was. I told them 5.29%. They asked if they could try to earn our business on financing too. I said sure, as long as they could beat the interest rate. Duc initially came back with an offer of %8.03 percent. I just laughed and said No.
Duc then gave us the spiel about the extended warranty programs (my Accord was past the factory bumper-to-bumper plan). The cheapest warranty was $3998! WTF? I told him I wasnt paying four grand for any warranty in the world. This is where the fun started.
Duc then offered to give us the "employee discount" and lower our interest rate to 5.09% if we also purchased the warranty. Again I laughed. Then Duc lowered the warranty to $2100, almost in half! Again I laughed. Duc then lowered the warranty to $1600. I said I was interested but not sold. Duc then threw in three years of maintenance. So I signed the papers.
Lessons:
1) Get your own financing arranged before you shop. This puts you in a great postion of power. Even if you decide to use the dealer financing, it makes negotiating simple. Dont talk payments. Talk final price.
2) Research research research. Look on the Internet to see how much extended warranty programs cost (especially for used vehicles).
3) Dont trust anyone. Dont trust the Finance guys, ever. Look over the final docs. You can negotiate on things like doc prep fees, etc.
4) The cost of warranties are negotiable.
I felt I got the best of this dealer, and am happy with the outcome. But it did take research on my part. Also, I'm not easily pushed around. Dont let them push you into anything. If you are not 100% happy, just walk out. Really, walk out. It does wonders.
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