We’ll explain the new car discounts for Honda’s new Civic Type R. When is the best time to buy? We’ve put together some key points to consider when negotiating. We hope this information will be helpful when making your purchase.
The target discount amount is approximately 50,000 yen in total
The vehicle price is 50,000 yen, with no option discounts .
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First of all, how much of a discount is the Civic Type R?
We looked up the current discount market price as of June 2024.
| grade | Purchase date | Vehicle discount |
Option discounts |
Total discount amount |
|---|---|---|---|---|
| Type R | December 2022 | 0 million yen | 0 million yen | 0 million yen |
| Type R | November 2022 | 50,000 yen | 50,000 yen | 100,000 yen |
| Type R | October 2022 | 0 million yen | 0 million yen | 0 million yen |
| Type R | July 2022 | 0 million yen | 0 million yen | 0 million yen |
新型シビックタイプR納車4月になる予定です🥳値引き8万円もしてくれたよ🥴 pic.twitter.com/6BSmRDx4Fa
— GRAVE (@gureibu2) September 13, 2022
The maximum discount was 100,000 yen. The goal is an average level, but if the vehicle price is 50,000 yen and the option discount is 0 yen, the total discount amount is 50,000 yen, so there is no problem. In my personal opinion, orders are currently suspended, but if there is a timing when they resume, it will be worth it just to be able to order a Civic Type R. I think it is reasonable to accept the discount even if it is 0 yen .
Civic Type R discounts and tips for a successful low-cost purchase
- Consider purchasing at the end of the fiscal year, or hold negotiations around the end of each month.
- Consider rival models, compare over three models, and even discuss them during negotiations.
- If you have a trade-in car, have it appraised by the dealer first, then have it appraised by at least three other companies, and sell it to the one that offers you the highest price.
- Check whether discounts are available for both the main unit and the options.
- If you purchase through installment or leasing, you may be able to save money on the total price by considering options other than through a dealer.
- At the final stage, make an immediate decision at the desired price.
- Get quotes from different dealerships .
1. Consider purchasing and negotiate during the closing period
Honda’s financial statements are made monthly, at the end of September in the first half of the fiscal year, and at the end of March at the end of the fiscal year. The quarterly closing periods of June, September, December, and March may be the best times to visit. Salespeople are also keen to increase sales at these closing times, so they may be willing to negotiate prices. They will likely work especially hard at the end of March at the end of the fiscal year!
2. Consider rival models and compare them with three or so models.
Bringing in a competitor will be a bargaining chip in business negotiations. As a salesperson myself, I understand that bringing in a competitor will force you into a price war. It will also convey to the other party your intention to purchase in the near future, which will give you leverage to lower the price.
Civic Type R competitors
Competing models within Honda are not acceptable. For example, you may be torn between a Civic Type R and a Civic. Be sure to get quotes and consider products in the same class from other manufacturers.
Civic Type R and recommended competitors
The following models are just right for the competition in terms of body size and lineup. It may take time, but please try to get quotes from other companies at the dealership. However, what often happens is that when you get quotes from other companies, you find that the other company’s products are discounted or better, so you decide not to buy them. It is also important to know about other companies.
- Toyota 86
- Subaru BRZ
- Toyota Supra
- Subaru WRX S4
3. Trade-in vehicle appraisal
If you currently have a car, think about how to sell it for as much as possible when you sell it. When you get a quote for your Step WGN, be sure to also ask for a trade-in appraisal. Using the appraisal amount given by the dealer as a base, get quotes from at least four other companies and consider selling it. This is essential.
Reasons and experiences
I have had both good and bad appraisals from dealerships, but of course, it’s necessary to compare with other companies. For example, when I sold a Prius that I had been driving for two and a half years, the appraisal results showed a difference of 640,000 yen.
- Dealer 1.66 million yen if you can pick it up next week
- Company A 2.23 million yen Condition: If you can pick it up next week
- Company B 2.3 million yen Condition: If you can pick it up next week
- Company C: 2.3 million yen. OK until the next car is delivered.
4. Check whether discounts are available for the main unit and options
For example, the discount amount is often larger if you add the main unit and options than if you only add the main unit and almost no options. The reason is that you can receive a discount on both the main unit and the options. That’s why the above prices list the discount amounts for both the “main unit price” and the “option price.” However, as you add more options, the total cost will naturally increase, so be sure to select and add the equipment you want before getting a discount. Adding everything will naturally increase the price.
5. If you purchase through installment or leasing, you may be able to save money by considering options other than through a dealer.
For example, let’s say the Civic Type R costs 5.65 million yen including all fees. You put 2.65 million yen down and take out a loan for the remaining 3 million yen.
- Borrowing amount: 3 million yen
- No down payment
- Bonus payment 0
If you calculate the difference in interest rates under the above conditions, you’ll see a huge difference in the total repayment amount. If you borrow 3 million yen for 10 years at 5.5%, you’ll end up paying an extra 900,000 yen, but if you borrow 3 million yen for 10 years at 2.5%, you’ll only pay an extra 400,000 yen, a difference of 500,000 yen. Therefore, one option is to look for an auto loan from a bank or other lender that will allow you to take out a loan with the lowest possible interest rate.
If the interest rate (annual) is 5.5%
| Loan period | Monthly repayment amount | Total repayment amount |
|---|---|---|
| 3 years | 90,587 yen | 3,261,131 yen |
| 5 years | 57,303 yen | 3,438,168 yen |
| 7 years | 43,110 yen | 3,621,187 yen |
| 10 years | 32,557 yen | 3,906,877 yen |
If the interest rate (annual) is 2.5%
| Loan period | Monthly repayment amount | Total repayment amount |
|---|---|---|
| 3 years | 86,584 yen | 3,117,008 yen |
| 5 years | 53,242 yen | 3,194,492 yen |
| 7 years | 38,967 yen | 3,273,218 yen |
| 10 years | 28,280 yen | 3,393,641 yen |
Points to note
Bank car loans are cheap, with strictest screening, followed by dealer-affiliated loans, but with higher interest rates. Other financial institutions tend to offer more lenient screening, with higher interest rates.
6. At the final stage, make an immediate decision at the desired price.
If they don’t offer the discount you want, try to force them by honestly telling them what you want. Add that you’ll sign the contract today if you agree, and if they still can’t offer the discount you want, you’ll just have to accept that this is the best they can do.
7. Get quotes from different Honda dealerships
The store I’m familiar with is Honda Cars Tokyo, but there are several other companies. For example, if you get a quote from the Honda Cars Tokyo Chuo store, the price may change. This happens because the companies are completely different. If you get a quote from the same Honda Cars Tokyo store, you’ll immediately find out that the other store is quoting the same price because of information sharing. So, try again at another Honda dealership with which you have no capital ties.
example
- Honda Cars Tokyo
- Honda Cars Tokyo Chuo
- Honda Cars Tokyo North
- Honda Cars Tokyo West
Those who want the desired amount by all means
If you find it difficult to bargain, you might want to look for a used car, which is more affordable than a new car.
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