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Toyota Sequoia Prices Paid and Buying Experience

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Comments

  • aujimaujim Posts: 4
    Southeast region has 0% for 36 and 1.9% for 48 and 60-month.
  • 774774 Posts: 101
    I am hoping Toyota will offer some cash incentive on the Sequoia . I have one on order and if it arrives at the time of the incentive I will be entitled to the incentive.

    I never was interested in the QX56 although it is a good choice.

    I just sold my 2001 Sequoia and it was a trouble free vehicle for 98,000 miles which is why I never considered any other SUV. The 2010 Sequoia in my opinion is the best full size SUV on the market today.

    I still think Toyota will have to offer competive incentives and or finiancing to compete with Nissian, ford and Gm in this current market.
  • As far as new incentives, it all depends on where you live. Central atlantic has 0% for 36 good until 1/4/10. Southeast has that + deals on 48 & 60month, but only good until 11/30/09. New ones will be out after that.

    I am surprised that people feel 0% for 36 months is not a good deal. Granted, you have steep payments, but it does save you about $5,000 if you financed $50,000 at 5% for 36 months.

    If you are looking for $2,000+ cash back you may have to wait until Summer 2010.
  • mjohnr99mjohnr99 Posts: 193
    (1) I do not regard this current incentive as a super valuable one. One measure is the opportunity cost of what you could otherwise do with the 50+K that must be spent on one of these SUVs. With today's declining dollar and terrible treasury yields where, as we all know, borrowing cash costs nothing (and investing in cash gets you nothing, 2% at most), it is not costing Toyota much to do this incentive. The benefit to me is small, but at the same time, not worthless. Instead of paying cash, I now can put my 50K in a 2% savings account (that's the highest you'll find) and maybe earn $3000 in interest. [Actually will be less in interest if you need to draw your monthly principal payments over the 36 months out of that savings account.] Of course you could also invest in other things with the money, but then it becomes no longer an apples to apples measure of the opportunity cost. So, while it is better than nothing and may be the nudge to get me closer to say the Q, I don't see it as very valuable. Would have preferred it to have simply been 3-4K of dealer cash. 0% financing is not costing Toyota much in this environment of "cheap money" coursing through our economy.

    (2) I am also not surprised that this was their only incentive. Not sure if folks looked at the October #s, but in contrast to the prior months numbers I posted, Sequoia sales were way up. [4Runner though is really in bad shape.] This may be just a sales blip up given the pent-up demand I queried about earlier. Who knows. But, when I saw those sales numbers, I was not surprised at all to learn that this was the only incentive. Based on those numbers, I am sure Toyota is waiting and seeing if demand continues or if it falls before they offer any more. I will post sales numbers in a follow-up post.

    (3) Remember, this is a month by month thing on these incentives. Just like the CEO there at Toyota, you need to watch these monthly numbers. If you thought we were at the verge of a V-shaped recovery, that jobs are coming back, and that gas was getting cheaper, then you should run out and buy one NOW before this incentive ends, as if November's numbers on this big SUV are say even higher, then this incentive could easily end! But, surely you know I write that tongue-in-cheek, as if anything the situation is the opposite and percentage demand for this vehicle could more likely subside on the yearly comparisons as we get into Winter and the economy worsens before it gets better. So, I will still be watching numbers and waiting. I am in no rush. In fact, the long wait has taken some of the excitement away, which has actually been a good thing, as now we are even thinking we can make our current vehicle go another year. Not sure yet. That would be great fiancically for us to avoid the immediate depreciation hit, but would be terrible for Toyota if lots of other consumers do the same and tighten the belt instead of shelling out for this vehicle. But if that happens, then the incentives I am looking for may just well materialize. :)

    (4) I have owned one Ford when I was young, and pretty much all Japanese since then. The high price to me of this vehicle has actually for the first time got me exploring not only the Q, but now the American brands, including Ford again. I can't believe it, but it really is true. Nothing wrong or bad with that of course, but never thought it would happen after being raised by my engineer Dad who would only buy Toyotas and Hondas and apparently brain-washed me. :) But, if I had to act now, then I guess we would buy nothing and just wait several more months. That's the plan for now. The 0% is not bad, but not what moves me to act this month.
  • mjohnr99mjohnr99 Posts: 193
    Here it is. Same format explanation as my earlier post for September, but basically, Sequoia was only down -22.1% in October 2009 versus October 2008. That's an improvement from September. In contrast, the 4Runner is still getting slammed . . . it is down -90.6% in October 2009 versus October 2008. Wow!

    TOYOTA RETAIL SALES
    (INCLUDES FLEET & HAWAII)
    October, 2009
    ----- CURRENT MONTH ----- -- CALENDAR YEAR TO DATE --
    DSR % DSR %
    2009 2008 CHG 2009 2008 CHG
    YARIS 4,384 4,871 -13.2 55,169 93,366 -40.9
    COROLLA 25,717 27,386 -9.4 240,755 307,071 -21.6
    CAMRY 30,136 30,556 -4.9 294,493 386,118 -23.7
    VENZA 5,035 0 N/A 44,451 0 N/A
    AVALON 2,539 3,543 -30.9 22,417 37,852 -40.8
    PRIUS 13,496 11,804 10.3 118,290 142,365 -16.9
    SCION xA 0 0 N/A 3 39 -92.3
    SCION xB 1,782 2,594 -33.8 22,313 41,265 -45.9
    SCION tC 1,057 2,224 -54.2 16,085 37,904 -57.6
    SCION xD 1,023 1,925 -48.8 12,709 25,294 -49.8
    TOTAL TOYOTA DIV. PASS. CAR 85,169 84,904 -3.3 826,687 1,071,276 -22.8
    ES 4,413 4,141 2.8 37,844 54,783 -30.9
    HS 1,527 0 N/A 3,312 0 N/A
    LS 804 1,502 -48.4 8,192 17,532 -53.3
    SC 41 98 -59.7 636 1,787 -64.4
    GS 494 819 -41.8 5,771 13,838 -58.3
    IS 3,162 2,772 10.0 31,073 43,144 -28.0
    TOTAL LEXUS PASS. CAR 10,441 9,332 7.9 86,828 131,084 -33.8
    TOTAL TOYOTA PASS. CAR 95,610 94,236 -2.2 913,515 1,202,360 -24.0
    SIENNA 8,249 8,003 -0.6 68,021 102,890 -33.9
    RAV4 13,971 12,227 10.2 120,834 118,965 1.6
    FJ CRUISER 849 1,657 -50.6 9,230 23,353 -60.5
    4RUNNER 345 3,555 -90.6 13,472 40,861 -67.0
    HIGHLANDER 5,979 7,032 -18.0 67,463 88,983 -24.2
    LAND CRUISER 165 185 -14.0 1,912 3,388 -43.6
    SEQUOIA 1,478 1,829 -22.1 13,230 26,421 -49.9
    TOTAL SUV 22,787 26,485 -17.0 226,141 301,971 -25.1
    4X2 TACOMA 4,144 5,202 -23.2 46,883 70,975 -33.9
    4X4 TACOMA 4,777 4,799 -4.0 47,811 56,341 -15.1
    TOTAL TACOMA 8,921 10,001 -14.0 94,694 127,316 -25.6
    TUNDRA 7,537 6,425 13.1 64,136 121,451 -47.2
    TOTAL PICKUP 16,458 16,426 -3.4 158,830 248,767 -36.2
    TOTAL TOYOTA DIV. LT TRUCK 47,494 50,914 -10.0 452,992 653,628 -30.7
    LX 404 567 -31.3 2,917 6,983 -58.2
    GX 341 1,204 -72.7 5,524 14,036 -60.6
    RX 8,316 5,180 54.8 73,641 68,399 7.7
    TOTAL LEXUS LIGHT TRUCK 9,061 6,951 25.7 82,082 89,418 -8.2
    TOTAL TOYOTA LIGHT TRUCK 56,555 57,865 -5.8 535,074 743,046 -28.0
    TOTAL TOYOTA DIV. 132,663 135,818 -5.8 1,279,679 1,724,904 -25.8
    TOTAL LEXUS 19,502 16,283 15.5 168,910 220,502 -23.4
    TOTAL TOYOTA 152,165 152,101 -3.5 1,448,589 1,945,406 -25.5
    MEMO:
    DOM. COROLLA 25,615 20,530 20.3 210,022 219,320 -4.2
    DOM. CAMRY 29,830 30,270 -5.0 285,069 379,270 -24.8
    DOM. RAV4 4,959 0 N/A 36,114 0 N/A
    DOM. HIGHLANDER 1,023 0 N/A 1,023 0 N/A
    DOM. PICKUP 16,458 16,426 -3.4 158,830 248,765 -36.2
    DOM. RX 5,286 4,356 17.0 48,898 50,389 -3.0
    SELLING DAYS 28 27 257 257
  • 774774 Posts: 101
    Your Dad was and still is right. I have owned two fords bought new and they were problems and one what was a nightmare.

    The Japanese product is light years above anything made by ford.I own a infiniti I35 and just sold my Sequoia which had 98,000 miles on it. I have had zero problems with the two vehicles.

    The ford product may be less expensive at the time of purchase but the repairs it will require will eat you alive.
  • Good points; however, you are looking at 0% as a comparison to investing the money yourself.. I think most look at 0% and compare savings if they had to pay a going new car rate of 5%-6%.

    4Runner may be way down because they are in the middle of introducing the 2010.

    As far as the American trucks...I love the full size GM's. They just need to fire the engineer that designed the third row. I would have bought a Tahoe/Yukon/Escalade if it wasn't for that poor design.
  • 774774 Posts: 101
    I have owned a few GM products and they were better than the ford .The Toyota and Infiniti products have been far better than any GM product I have owned.

    I agree with the idea of the money saved from 0% but it also nice to have a vehicle that is trouble free which has never been the case for me with GM or ford. I buy new and then hang on to a vehicle for at least 8 years. I have yet to find an American made product that does not start falling apart after 4 to 5 years. I take care of the vehcles with the proper maintenance and the Japanese product just has been great as compared to ford or GM

    The Tahoe/ Yukon is not a bad choice but the Sequoia does have the better design and it is a Toyota
  • hello i have $19,000 left on my 4runner ( finance throuh toyota ). do you think toyota will sell me a new sequoia???
  • kennynmdkennynmd Posts: 424
    I notice that alot of you all are comparing Sequoias against the QX56. Any reason its not against the Armada?? Isnt the QX56 and Armada the same other than cosmetics?
  • 774774 Posts: 101
    The QX 56 and Armada are basically the same vehicle. I am sure there are some differences but I was never interested in the vehicle to do any serious research to compare the two vehicles. I like the appearance of the QX 56 over the Armada and used it to compare to the Sequoia. I might see one Armada on the road for every Five QX56 I notice on the road.
  • Been reading/posting here for a bit, so I wanted to share my experience.

    Ordered a 2010 Platinum (Slate / Redrock) on October 12 and got it delivered on November 24. MSRP was about 61K...Paid 56,100 after $500 rebate Toyota is offering to vehicles placed in a business's name (did not find out this pleasant surprise until signing all documents)...also took advantage of 0% for 36months.

    Put almost 1,000 miles on it in one week. Nav and bluetooth are much better than expected, as I had heard others were disappointed. For long trips the Radar Cruise control rocks...it is amazing. I did not touch the gas or brake for a solid 2 hour stretch on the PA Turnpike...incredible technology. My 2 kids were were happy with DVD and the Boxer had plenty of room to stretch out and lay down in the cargo area next to all of our luggage.

    Very happy so far. :)
  • Just purchased a 2010 Black Limited. With DVD player, mats and tint, MSRP came out to 51078. Purchased for 47500 (50198 after TTL). Also got 7 year platinum warranty for 1800 additional. Not sure the original price on that, but the original offer was the 5 year gold warranty for 1600. So I saved something, at least.

    Not terribly impressed with the DVD player ($999 model, not the $1400 model shown on toyota.com), but overall quite satisfied.
  • Hi,
    Havent posted here in a while but just wanted to share my buying experience.
    About a month ago traded in my 2005 V8 4Runner and got $20K for it.
    Was really looking for a limited with Nav and DVD.
    Bought a 2008 SR5, 5.7l 4WD for $33K with 7Kmiles. It has leather seats, power 3rd row, flip down rear view camera, bluetooth, no nav, no dvd. Just installed headrest DVD system for $1300. Am planning to "limitize" it my self!! I have to say this truck is incredible and I think I got a pretty good deal. By the way I pay cash for my vehicles so I think for $13000 plus tax of 8.62% I made out OK. Good luck everyone else in your Sequoia hunting!!
  • mjohnr99mjohnr99 Posts: 193
    Here is November. Tepid sales continue. Not getting better, but not getting worse. Although, as sales started to die at the end of 2008, year-over-year comparisons may become more difficult to interpret.

    Same format explanation for November: Sequoia was down -18.9% in November 2009 versus November 2008.

    TOYOTA RETAIL SALES
    (INCLUDES FLEET & HAWAII)
    November, 2009
    ----- CURRENT MONTH ----- -- CALENDAR YEAR TO DATE --
    DSR % DSR %
    2009 2008 CHG 2009 2008 CHG
    YARIS 3,557 4,545 -14.9 58,726 97,911 -39.6
    COROLLA 21,899 21,807 9.2 262,654 328,878 -19.6
    CAMRY 27,385 25,224 18.0 321,878 411,342 -21.2
    VENZA 4,140 0 N/A 48,591 0 N/A
    AVALON 1,944 2,502 -15.5 24,361 40,354 -39.2
    PRIUS 9,617 8,660 20.7 127,907 151,025 -14.7
    SCION xA 0 0 N/A 3 39 -92.3
    SCION xB 1,392 2,161 -30.0 23,705 43,426 -45.0
    SCION tC 866 1,728 -45.5 16,951 39,632 -56.9
    SCION xD 822 1,386 -35.5 13,531 26,680 -48.9
    TOTAL TOYOTA DIV. PASS. CAR 71,622 68,013 14.5 898,309 1,139,289 -20.6
    ES 4,110 4,116 8.5 41,954 58,899 -28.3
    HS 1,407 0 N/A 4,719 0 N/A
    LS 1,057 1,272 -9.7 9,249 18,804 -50.5
    SC 34 83 -55.5 670 1,870 -63.9
    GS 596 721 -10.1 6,367 14,559 -56.0
    IS 2,851 2,749 12.7 33,924 45,893 -25.6
    TOTAL LEXUS PASS. CAR 10,055 8,941 22.2 96,883 140,025 -30.3
    TOTAL TOYOTA PASS. CAR 81,677 76,954 15.4 995,192 1,279,314 -21.7
    SIENNA 7,488 6,153 32.3 75,509 109,043 -30.3
    RAV4 11,512 9,260 35.1 132,346 128,225 4.0
    FJ CRUISER 1,108 2,147 -43.9 10,338 25,500 -59.2
    4RUNNER 1,689 3,310 -44.5 15,161 44,171 -65.4
    HIGHLANDER 6,213 7,887 -14.4 73,676 96,870 -23.4
    LAND CRUISER 159 186 -7.1 2,071 3,574 -41.6
    SEQUOIA 1,397 1,873 -18.9 14,627 28,294 -47.9
    TOTAL SUV 22,078 24,663 -2.7 248,219 326,634 -23.5
    4X2 TACOMA 3,531 4,511 -14.9 50,414 75,486 -32.7
    4X4 TACOMA 4,102 4,137 7.8 51,913 60,478 -13.5
    TOTAL TACOMA 7,633 8,648 -4.1 102,327 135,964 -24.2
    TUNDRA 6,379 6,607 4.9 70,515 128,058 -44.5
    TOTAL PICKUP 14,012 15,255 -0.2 172,842 264,022 -34.1
    TOTAL TOYOTA DIV. LT TRUCK 43,578 46,071 2.8 496,570 699,699 -28.5
    LX 313 424 -19.8 3,230 7,407 -56.1
    GX 209 1,008 -77.5 5,733 15,044 -61.6
    RX 7,923 5,850 47.2 81,564 74,249 10.6
    TOTAL LEXUS LIGHT TRUCK 8,445 7,282 26.1 90,527 96,700 -5.7
    TOTAL TOYOTA LIGHT TRUCK 52,023 53,353 6.0 587,097 796,399 -25.8
    TOTAL TOYOTA DIV. 115,200 114,084 9.8 1,394,879 1,838,988 -23.6
    TOTAL LEXUS 18,500 16,223 24.0 187,410 236,725 -20.3
    TOTAL TOYOTA 133,700 130,307 11.5 1,582,289 2,075,713 -23.2
    MEMO:
    DOM. COROLLA 21,756 16,365 44.5 231,793 235,685 -0.9
    DOM. CAMRY 27,201 24,781 19.3 312,270 404,051 -22.2
    DOM. RAV4 4,500 37 13119.7 40,614 37 110451.6
    DOM. HIGHLANDER 3,919 0 N/A 4,942 0 N/A
    DOM. PICKUP 14,012 15,255 -0.2 172,842 264,020 -34.1
    DOM. RX 5,521 5,000 20.0 54,419 55,389 -1.0
    SELLING DAYS 23 25 280 282
  • md001md001 Posts: 2
    I wanted to know if Toyota will bring back any cash Incentives like last year's $3000 cash back or sweeten the deal on the 0% interest rate to 48 or 60 months in December. Looking to buy a Limited in a couple weeks. Thanks
  • Doubtful. In Mid-Atlantic current incentives run through 1-4-10. Also, the $3,000 last year was for the 2008 model late in the year. There are no 2009's to discount, so the incentives they are currently offering are on 2010's. IMO, you are better off in the long run with resale.
  • nomznomz Posts: 7
    A lot of folks are posting here about buying a GL vs. a Sequoia. I had a 2008 GL550 and just sold it. I couldn't be happier. Horribly designed car. Very poor quality tires and will hydroplane at the slightest drizzle on the road. I couldn't go faster than 70 on a highway when it would rain. Access to 3rd row is horrible. I have two kids. With the two car seat in the second row, the seat will not fold down for access to the third row rendering it useless. With a infant seat and a toddler seat, there was no room in between them for anyone to sit comfortably. GPS is horrible. Searching for a restaurant by name is like pulling teeth with pliers. No touch screen and rather the button and arrows to use. IPOD integration is even worse. You cannot select which song to play. The IPOD control is in the steering wheel only and all you can do is play next. The system will pick out the song on its own randomly. The DVD player in the back used to make me scream. Its located under the rear passenger seat. If you have to change a DVD, you will have to pull over, go around the car, get under the seat and change. The controls are via a remote and accessible by rear seat passengers only so the front seat people cannot change the song or movie. No wireless headphones. No bluetooth kit. For a $80k car, MB still wants you to pay $400 for a bluetooth adapter. I regretted buying that car and couldn't be happier kicking if off my driveway. Waiting for toyota to improve the incentive on sequoia so I can go get that. Save your money folks. Do not buy a MB just because it is a MB.
  • Wasn't sure if anyone knew for sure, but is it only the platinum that qualifies for the 179 deduction since it has a curb weight of 6045.

    After plugging some numbers into a calculator, I came up with a savings of around $19,000, assuming I use it all in year 1. This is based on a purchase price of $55,000 (taking the 500 deduction for putting in company name) for a loaded platinum - if so, what a great loophole!!
  • aujimaujim Posts: 4
    The gross vehicle weight (GVWR) is what has to be over 6000 lbs. All of the Sequoia trims are over that limit. The max Section 179 expense is $25,000 and there is also the 50% bonus depreciation in the first year.
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