[June 2024 Update] New “Freed” Discounts: What are the Market Prices and Acceptable Limits? Summary of Closing Dates and Negotiation Techniques

vroomdigestHonda1 year ago45 Views

We’ve put together a detailed summary of the discounts on the base price and other points to consider when purchasing a new Freed. We hope this information will be helpful when making your purchase. Some people may be worried that discounts will be difficult to come by as it’s a new model. We’ll provide a thorough explanation of the latest information.

The total target discount amount is approximately 50,000 yen

The vehicle price is 50,000 yen, with no option discounts .

table of contents

First of all, how much has the Freed been discounted?

We looked into the current discount market price as of June 2024. We found that it will be difficult to get a significant discount on the new model.

New Freed

You can scroll
grade Purchase date Vehicle

discount
Option

discounts
Total

discount amount
AIR EX HEV May 2024 50,000 yen 0 million yen 50,000 yen
AIR EX HEV May 2022 30,000 yen 0 million yen 30,000 yen


This time, I’m purchasing a fully redesigned Freed , so my target discount is about 50,000 yen off the body. I’d like you to go into the negotiation knowing that this is basically impossible.

Old model Freed

You can scroll
grade Purchase date Vehicle

discount
Option

discounts
Total

discount amount
G HondaSENSING January 2022 150,000 yen 100,000 yen 350,000 yen
G Honda SENSING July 2022 100,000 yen 100,000 yen 200,000 yen
G Honda SENSING September 2022 100,000 yen 150,000 yen 350,000 yen
HYBRID
G Honda SENSING
September 2023 300,000 yen 50,000 yen 350,000 yen
Price.com Honda Freed discount information


Around the time of the end of the model’s financial year, the maximum discount was 500,000 yen. That’s amazing! Honda dealers really do that! Although this is just an average target, I would like to aim for a total discount of 300,000 yen, with 200,000 yen on the vehicle price and 100,000 yen on options.

Discounts on the Freed and tips for successfully purchasing it cheaply

  • 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 a quote from a different Toyota dealership.

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.

Freed’s competitors

Competing models within the Honda family are not acceptable. For example, if you are deciding between the Step Wagon and the Freed, be sure to get quotes for products in the same class from other manufacturers and consider them.

Freed 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.

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 the Vezel, 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 Freed CROSSTAR costs 3 million yen including all expenses.

  • 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.

Honda new Freed release date and price

  • Announcement: May 9, 2024 Teaser site released
  • Reservations start on May 10, 2024
  • Official announcement: June 27, 2024
  • On sale from June 28, 2024

Honda will fully redesign the new Freed, which is expected to be announced on May 9, 2024, and released on June 28, 2024.

The grade structure is limited to the 7-seater model “AIR” and “AIR EX”, and the 5-seater model “CROSSTAR”. The 6-seater model can be selected from all grades (except the CROSSTAR 4WD).

Related reading



What is the recommended grade for the 2024 Honda Freed? A detailed explanation of the “AIR” and “CROSSTAR” models This time, we’ll look at the differences between the various grades of the new Freed, which was announced on May 9, 2024, and introduce recommended grades. The Honda Freed is a compact minivan that’s easy to drive…

Honda “Freed” 2024 model gasoline vehicle

type engine

transmission
Drive

system
Crew

capacity
Price

(10%)
AIR 1.5L direct injection

VTEC engine
Continuously variable

automatic


(with torque


converter)
2WD 6 people 2,508,000 yen
4WD 6 people 2,739,000 yen
AIR EX 2WD 6 people 2,697,200 yen
4WD 6 people 2,928,200 yen
2WD 7 people 2,741,200 yen
CROSSTAR 2WD 5 people 2,812,700 yen
4WD 5 people 3,043,700 yen
2WD 6 people 2,856,700 yen
4WD 6 people 3,087,700 yen

Honda “Freed” 2024 model hybrid vehicle

type engine

transmission
Drive

system
Crew

capacity
Price

(10%)
e:HEV AIR 1.5L

DOHC


i-VTEC


+ 2-motor


hybrid


(e:HEV)
Electric

continuously variable transmission
2WD 6 people 2,857,800 yen
4WD 6 people 3,088,800 yen
e:HEV AIR EX 2WD 6 people 3,047,000 yen
4WD 6 people 3,278,000 yen
2WD 7 people 3,091,000 yen
e:HEV

CROSSTAR
2WD 5 people 3,162,500 yen
4WD 5 people 3,393,500 yen
2WD 6 people 3,206,500 yen
4WD 6 people 3,437,500 yen


Related reading



New Freed Fully Redesigned Third-Generation Hybrid Equipped with “e:HEV” Announced June 27, 2024, Released June 28 Honda will fully redesign the new Freed, to be announced on May 9, 2024, with a release date of June 27 and a release date of June 28, 2024. The previous model was released on September 16, 2016, and has been around for about eight years…

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[December 2024] New “Freed” delivery information: How long until delivery? This time, we looked into the delivery dates for the new “Freed” as of December 2024. When will the delivery date be? Many people are probably wondering. If you are considering purchasing one, check the timing…

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