Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
2003-2008 Toyota Corolla Prices Paid and Buying Experience
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
2007 Corolla LE AT ABS+moonroof+side airbags
(CK, VV, FE, CF, MR, AB)
Dealer: Grossinger Toyota North
MSRP: 19,085
Internet price: 17,100
rebate: 900 (500 + 400 CG)
car price after rebate: 16,200
tax, doc, license: 1,418
OTD: 17,618
The price is not pretty. You should get better prices than I did. Wish I can do better next time!! :mad:
But for now, I am happy that I own a car!!
Toyota, however, continued to gain ground in trucks, selling 4.8 percent more last month than in June 2005. But its biggest gains were in car sales, which climbed 21.9 percent.
Jim Lentz, executive vice president of Toyota's U.S. division, pointed to a 38.7 percent increase in sales of the Toyota Corolla, one of the most fuel-efficient models, as evidence of the impact of gas prices.
http://www.newsmax.com/money/archives/articles/2006/7/3/155713.cfm
July 2007:
Toyota is not immune to the same economic pressure impacting domestic sales; overall sales dropped TK, the first sales decline in three years;
· Corolla sales fell 25.9 percent; Yaris sales dropped 16.5 percent. Toyota lowered incentives on both models significantly and will likely have to bump them up...
http://www.autoobserver.com/2007/08/july-vehicle-sa.html
Buyers must shop for an OUT-THE-DOOR price that includes everything,trade-ins, destination, even taxes and tag agency fees.
Great deals are only possible because of hidden dealer incentives which on a Corolla often amount to $400 off financing or $750 off next order (not a customer rebate). These hidden dealer incentives last 45-60 days and often end on deals closed by the 15th or 31st. Regional Toyota Distributors control prices and here in the SE Region, they've added another $386 admin. fee on top of the $660 delivery. I think some of that gets kicked back to dealers for commissions because dealers had been charging up to $550 in dealer prep fees and customers were complaining they got ripped off after negotiating in good faith.
I paid $13,500 out the door in 2006 [5-spd] with my old $1,200 junker in trade (over $1,100 in sales tax). That amounted to a $775 discount from MSRP and only $245 in dealer fees including title, transfer and a new year of registration a month later. I couldn't unload my old car for even $1,200 for months with dents, no A/C and more, but they gave me $2,200 for it in trade (no tax on that part) and sold it to some fool for $3,900. I figure the dealer and I both made out.
Even 18 months later, my 3000 mi. low mileage 06 is worth about $14,000 used and it has saved me $166 bucks on fuel at 38 MPG avg. I'm keeping it forever. Ten years from now Corolla parts will still be easy to find. Reliability and easy repair are strong points too.
Price includes 6.5% sales tax and all fees.
side air bags
all weather guard package
ABS
Audio/cruise control package
Preferred accessory package (floor mats)
Total MSRP: 17,680
Negotiated price: 17,332
Total price with fees: 18,435.42
Trade (95 Dodge Spirit V6 108,000 miles): -1000.00
After studying edmunds.com's various tools I realize I should have paid at least 500 to 700 less than this. Don't be a fool like me, get a True Market Value from edmunds and pay that price.
they have the best price you can ever get.
The price included $750 cashback for 2007 models. I would guess you could get pricing on the internet. All the cars had signs in the window that said 3% over invoice. Some models were 2% over. I looked up the TMV here and the price the gave me was right in line with that so I didn't even bargin. Maybe I could have gotten a few hundred more off the price if I tried.
Reviewed car ads from the Saturday Los Angeles Times and Orange County Register. As for the L.A. Times, we purchased two of the same day editions, but from different areas, as I've learned that different ads are placed depending upon the zone. That was the case for this transaction. Not all the same car ads were in each edition.
Saw an ad from West Covina Toyota for a 2008 Corolla LE, with automatic for $13,988 including a $500 rebate. After reviewing the ad several times to insure what I was reading was not a mistake, I said to myself that this has to be for a 2007 and not a 2008. It just the week prior that I saw the first ad car for a 2008 Corolla CE.
In southern California, it's unusual to see any car ads for the Corolla LE, slightly more for the Corolla S and frequently for the Corolla CE.
I was also skeptical because the car had a rebate. But, I thought if this was for a 2007, not a bad price. But, I reviewed my notes and there was a $1000 current rebate for the 2007 Corolla. So, to me, this ad was not adding up, or so I thought.
Now, in California, the law is strict in that if a dealer advertises a new car, the dealer must list the actual number of cars at that price and the corresponding vin and stock number for each vehicle. I've read that the DMV has cited dealers for selling the ad car before the scheduled publication date of the ad, and from what I understand the DMV had advised dealers who are going to run ad cars to pull the ad car from inventory until the date of publication of the ad.
I called the dealer, and much to my surprise at 5:00 p.m. in the afternoon, they had 3 left, they were 2008 models, they were all LE's with automatic. I was shocked that by this time of the day that they were not all sold out.
On the other hand, the 2008 is an exact carry-over of my 2004, with some very minor changes. but th car itself is the same. So far a car that's getting long in the tooth, and in it's 6th year, it made sense to purchase the 2008 over 2007 if for anything the resale value is already higher than a comparably equipped 2007.
Arrived at the dealer and he still had 3 2008 Corolla LE's available. For fun, I test drove a 2007 Matrix with automatic and the car seemed sluggish on the freeway as compared to the Corolla LE.
Back to the 2008 Corolla LE, I had the salesperson write-up the deal. He said he had to get his sales manager involved at that point.
Actually, all of the people at the dealer were very nice, even though they attempted to offer me every dealer installed option, and I just said no, politely.
We did go a round or two over some kind of paint protection that was added to the car. The sales manager said I would have to purchase that as a required add-on. I replied that I see nothing in the ad about a required additional cost option that was not part of the ad price, other than the $55.00 doc fee. Furthermore, I reminded him that in California, the ad car price is the ad car price. Any additional equipment the dealer adds such as an alarm or paint shield or protection, etc., is not required to be purchased, unless included in the ad price. Since the dealer could not remove the paint shield, that was their loss. They did remove the alarm module.
As for financing, I stated that I would bring a check in from the credit union within the week. They wanted to charge me 10% percent interest. I said no way, based on my score, no money down and lower the interest rate (I did that just in case something happened at the credit union). The sales manager said the best interest rate he could offer was 7.75% with no money down. I agreed. I did receive financing from the credit union at 5.99%. This was 3.09% higher than the 2004 Corolla LE which had low rate financing through Toyota Motor Credit and was an ad car, but no rebate.
The dealer also said that for the 2008 Corolla LE, that a rebate applied, but that Toyota did not have low-rate financing in lieu of the rebate.
Some observations. The price of this car is almost what I paid for the same car in 2003 as a new 2004 model. There is a price increase however, in that my 2004 had alloy wheels and the 2008 has steel wheels. The 2004 has a single disc cd player, while the 2008 has a 6 disc cd player. No MP3 player or adapter offered for 2008. So far, mileage on this car is running 33 mph combined city and highway and that reflects the lowered mileage estimates for 2008. On my 2004, I was consistently getting 37 to 38 mph, but that was with alloy wheels. Could I really be losing 5 miles per gallon because of not having alloy wheels? The new mileage ratings for 2008 are 26 mpg city and 35 mpg highway versus the 2004 mileage ratings of 29 mpg city and 38 mpg highway. Still, great mileage for a non-hybrid car without alloy wheels.
Here's the breakdown:
2008 Corolla 4-Door LE Sedan 16415.00
4 Speed Automatic Transmission and the normal standard equipment for the LE included in above price
FE 50 State Emissions 0.00
VV AM/FM/In-Dash 6-Disc CD Player w/6 Speakers and Cruise Control 450.00
CT Carpet Floor Mats/Cargo Mat (5pc) 171.00
Delivery Processing and Handling Fee 660.00
Sub-Total Before Discount 17696.00
Extra Value Package MSRP Discount -250.00
Total 17446.00
My price was $13988.00, including $500.00 rebates which in California is taxed. I had no trade-in or down payment.
Price of Car 14488.00
DOC Fee 55.00
Sales Tax 1127.08
Sub Total 15670.08
License Fees 157.00
California Tire Fee 8.75
Rebate -500.00
Grand Total 15335.83
Not including tax, I saved $3458.00 from the sticker price (before tax and DOC fee), which I think is a great deal for a 2008 Corolla LE.
A couple of other thoughts, the 2008 model has an engine immobilizer and tire pressure sensor that my 2004 does not have. Also, the power door locks actually lock once you place the car in gear. My 2004 does not automatically lock the locks.
Looking at my bill of sale for my 2004 Corolla LE, I paid out the door 15261.56, a difference of $74.27. I have to factor in the higher interest rate over 2003 and no alloy wheels.
Purchased the car Saturday, August 4, 2007. Ironically, the very next Saturday, the same dealer had 5 2008 Corolla LE ad cars for sale, this time they were $100 less, including rebate for $13,888.
Posting this late as I have been out-of-town, but thought it might be helpful to those purchasing a 2008 Corolla LE.
At the time of purchase, I was surprised the 2008 Corolla LE model already had a rebate. It seemed a bit early in the model year. This tells me that Toyota really wants the numbers up, up up.
P.S. I forgot to mention the exterior is black and the interior is gray cloth.
car price 15075
+ doc fee and TTL
OTD 16537
--------------------
We live close to Chicago. We were going for a 2007 model. However they were almost sold out and they showed us the price for a 2008 model -- $15175.
I was a little surprised though I did not do much research on the 2008 model. We tried to cut $100 down and made the purchase -- thanks to my wife for her negotiation skill
WOW. Not to make you feel bad, but you really got taken to the cleaners.
Also, the Edmunds True Market Value is a very bad indicator of what you should pay. With the way everything is and considering competition and the market you shouldn't pay a dime more than invoice minus the rebates on just about any car.
I am planning to buy a Toyota Corolla . Do you guys suggest a
good (when I mean good it honest and reliable) dealer in San Diego Area.
Thanks in advance.
Sanjay
Fort Lauderdale, FL
2008 Corolla CE
with options
Mudguards
Carpet Floor Mats
Accent Stripe,Window Tint
Power Windows and Door Locks
OTD $15,500.00
But have a feeling that the new Corolla will be on our short list in 2010 when the wife changes out of the Mazda 3.
Had good luck at Bachrodt Mazda with the 3...great internet buying process.
The Sandman
What is the best way to get the best price in the Las Vegas area....or should I plan on traveling into California to get a better price?
Any help would be much appreciated. This is my daughter's first major purchase and we want to do it the right way to get the best price. This board seems like such a great information source that I thought I would see what is known about Las Vegas area dealers. Thanks everyone for helping us out here.
But I got a final price of $15,300.00 OTD for 2008 CE power upgraded. Just got to get every detail in writing and signatures to make sure I won't get messed up when I go in to pay.
$1995 warranty7yrs.
$350 Lojack
$17,0110 -car price
$1441 tax
$$189.75 license/tire
$78 othe misc fees
car include: manual, cd, powerlocks/window/4pcs. mat, alloy wheels, side Airbags front/ rear, NO sunroof =( , but has spoiler/bodykit,foglights..etc.
Do you think this price is decent?? without warranty/lojack car total with TTL is $18,750. which MSRP was $18885.
When you guys say out the door, does the price include down payment??? or zero down?
please let me know what you guys think?
thanks...
Bummer.
The Sandman :confuse:
Wow. This can be had for $600-$800 from any number of toyota dealerships in person, or online. Call them up and cancel this ASAP.
I would recommend Ca. as the optium place to buy. Just remember the sales tax and dealer fees are higher here in LV and so are the prices. Dealers see LV as a captive market.
Hendrickson apologized profusely about what they had put us through and gave us a complete detail and oil change on our new 1996. Still, we never went back except for warranty work on my 1996 Corolla.
The Sandman
Left the dealer and was given a price on a 2008 corolla LE for
17,000 plus Tax title etc. Does anyone else in the area know of a better price in the tampa area?
Thanks,
Rob
The Sandman
16150 + taxes + fees = 17300 OTD
This price is after the $600 customer rebate
I am in Minnesota. One deal offered me 2008 LE automatic model ( with ABS, side airbag,etc, without Moonroof) @ $16,300 with $600 rebate. Is there any better price than this?
2008 Corolla CE
Auto, Air
All Weather Guard Package
Tire and dealer fees of $67 on top of that, plus TTL.
Basic CE, but very happy to have a Toyota at this price.
The Sandman :confuse:
I begged her to buy a FIT, Versa, KIA, Mazda, anything but a over priced under packaged Yota. And if she must have a Yota. Then don't by the darn thing from any of the Tulsa thug dealers.
Very disappointed with her. I knew she was going to get ripped off. And sure enough she did. The car isn't worth a nickle over $11k.
Then you look at Yotas thieving ways when it comes to the packages and the port/distributor's practices. And it becomes even a worse car. then you throw in there sorry dealers and you have a car worth nothing IMO.
Lets face it. At 15205 msrp the car doesn't have anti lock brakes or floor mats standard. They are adders/options. The stock audio system is so bad its not funny. The standard system in my Ranger sounds better. I could have picked up a standard Fit w/AT for 13875 OTD. Fit has complete air bags, hey it comes with floor mats. Goes better, stops better, turns better. Then the Yota dealer / distro put a adder on for the floor mats and paint protection. Sticker came out to be 16440 on the car. Thats way to much for a near nothing car. Then you throw in the finance dude selling her GAP for 395 bucks. She can get it thru her insurance co. for less than 100 a year. And then he sold her 72 month / 100,000 mile extended warrenty for 1980! I just purchased it online. Same stuff for 670 bucks. so Im going to go in monday or Tuesday and cancel the gap and warrenty.
I don't know about the rest of the country. But Yotas dealers here are really poo pooing in there own nest. Ever since Crow Brothers Toyota sold out to Riverside Toyota and Jim Norton got Toyota its been a cluster. I mean come on. A 715 buck dest. charge and its made in Fremont CA. I only paid 580 for dest. for my 07 Mazda3 and it was built half way around the world. And under 600 for my 06 Civic and 05 Accord.
Its just not worth it to buy a toyota around here. I hope my daughter has a good relationship with her car. Cause she is just another Yota vic.
LMAO
The one that can't spell and seperate logic from emotion. I guess that would be me.
Just came back from the dealer with a new sales contract.
Car is now 13k. Still to much IMHO for a striped compact Buick.
Extended warrenty is gone.
Purchased the same online for 670 bucks.
GAP gone. Purchased from auto ins. agent for 89 bucks.
Three free oil changes. And two free details.
Six free oil filters in my car so I can change oil for a while on the car for my daughter. And also teach her more about the care of her new car.
I went to dealer near me this weekend and they gave me a final price of $17400 before TT&L and that INCLUDED the $750 rebate. This did not include my ABS breaks and but had added car mats, and some $350 package I did not want. They were unwilling to budge on this price either.
Any help would be appreciated. Thanks.
Thanks!
in Southern California, we don’t have bad drivers like in your country?