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Comments
Ask for the out the door price and negotiate from there.
Steve
Steve
First off, I LOOOOOOOOVE my new 4Runner. The second day we had her, we let her gently stretch her legs on a drive from Orlando to Daytona Beach, with typical torrential Central Florida rain pelting us along most of the length of the I-4. I felt safe, could see everything in front of me, and thanks to the NAV, we found the Daytona Beach Ocean center with no stress whatsoever.
Now, here's what I have and what I paid for it (worth every penny, IMHO):
4Runner Limited 4x4 V6 in Titanium
JBL 3 in 1 system with NAV
Moonroof
Toyoguard
7/100 extended warranty (my brother the mechanic said I probably wouldn't need it, but I know should anything go wrong, 4x4 repairs can get pricey)
TTL
_____________________________
Total: $39,800
Before the warranty and TTL, the price was about $100 below invoice. Not too bad, right?
Hope you guys are having as much fun in your 'Runners as I am in mine!
SisCrys
Purchased in southern California:
'03 Limited 4Runner, 4x4, V8, (Titanium w/stone)
NF Rear Air Suspension with XREAS
GY GY Curtain and Side Airbags
SR Moonroof
NV JBL with Navigation
RF Rear Spoiler
C7 Floor mats package
Paid $38,012 excluding tax and license
We originally wanted a 4WD, however, we found out there were few 4WD's in the dealer's lot and all of them had price tags beefed up with expensive options. It seems majority of 4Runners sold in Texas are 2WD's. So we decided to go with 2WD in the end.
We used Costco Auto program and it worked out great. Of course it all depends on the specific dealer Costco refers to.
My deal went like this:
4X4 V6 SR5 - Dorado Gold
17" alloy wheels
carpet/cargo floor mats
running boards
roof rack
color keyed bumpers (not the gray industrial)
tow pkg (not sure if an option)
cargo cover
$26,850
$28,400 OTD
Note: This supposedly "no haggle" dealership had a (Memorial Holiday) $300 coupon and and came down an extra $200 from there. I don't think no-haggle means NO haggle.
I might not have gotten the rock bottom lowest price but no other dealer in my area had the actual vehicle that I wanted. This was it. Can't wait to get this puppy out on the beach at Cape Hatteras and on the mountain in West Virginia. Isn't love great!!!
2003 SR5 V6 Titanium Silver, 4X4
Roof rack, 17" Alloys, Fog lights, Leather steering wheel w/audio controls and leather shift knob, Double decker cargo system.
$27,300.
Poor buying experience, but a terrific vehicle. The Toyota dealers are lucky they have a great product to sell.
Received $1,400.00 in rebates and incentives ($1,000 non-appearance rebate and $400.00 for being a recent college grad) and walked out the door for $31,279.00. The sticker on the car prior to negotiation was $32,894.00 (without tax, license fee, etc, etc..). I figured the dealer made almost 4% over invoice plus their holdback, which I thought was fair.
Fairly satisfied overall with the product and the price I paid, this car is worth every penny. I welcome any opinion on whether I got ripped or not.
Options:
Power Moonroof
Running Boards
Rear Spoiler
Double-decker Cargo
115V AC Power
Floor/Cargo Mats, First Aid Kit
MSRP (includes $510 destination): $32,216
My Cost (not includeing TTL): $27,993
($514 below invoice)
Also got the dealer to throw in Toyota 4Runner all weather mats ($70 value).
With the holdback, dealer made $82. In my region, Toyota was not offering any incentives/rebates/financing specials on 4Runners.
I was still able to get 4% financing through my credit union (48 months).
The $750 Dealer Advertising Incentive listed for 4Runners on Edmunds is a little hard to use/apply in your negotiating because it is regional. How do you know what consumer/dealer incentives are in effect in your area? I called Toyota, and they just referred me to my local dealer.
MSRP is $32,555
Edmunds/Kelly show invoice at $28,555
The dealer comes back and tells me his invoice is actually $29,703. He says there are the following charges added in to this invoice: 2% holdback of MSRP, PIO holdback, Texas Dealer's Assoc holdback, Manufacturers Advertising Fund Holdback, and a 1% financing reserve MSRP.
This is $1,150 over the Edmunds invoice price! Then he claims the best deal he can do is $300 over that invoice, which ends up being about $2,500 off MSRP. I have heard of many people getting $4K off. Someone tell me I can get a better deal...
He said there was no way he could take $29,000 though, so I'm off to find other dealers. No worries, I'm a patient guy...
Need your assistance to verify if I am being told the truth by the dealer. A friend was admiring my new 4Runner two days after I brought it home, he noticed that the ball for the tow hitch was not in the box where the rest of the tow equipment came in. I have never towed anything before so it never came to me to check that box, the box was already open so I do not know if someone at the dealership had taken it out. Called my salesman and he assured me that the ball is sold separately, is he telling the truth?
Also, if this is indeed true, can I just buy any aftermarket ball or do I need a specific one. Do they even come in different sizes? Anyway, I would appreciate any advise. THANKS
SR5 4X4 V6
17" tires & wheels
fog lamps
black roof rack
convience package (floor mats, cargo mat, cargo net, first aid kit)
running boards ( I measured and they were above the 9" ground clearence)
Msrp $31546
Invoice $28,675
My out the door price was $26574 before tax. I was able to get them to waive the $299 handling (or whatever) charge. I can't wait to drive it. Hope this helps.
Gal Gray 4X4 moon roof, spoiler, convenience package, alloy wheel locks, headphones, DRL for 33,707. But this price has a TDA(what is this?) of 647 and a Whsl Financial Reserve(basically sounded like their rent for the floor plan) of 356. Also, the dealer was only willing to spli the holdback amount(50-50). I asked if I could get the full holdback amount and his rsponse was, "What, don't you want us to make any money?"
What do you guys think about this. I'm kinda tired of waiting ans this exatcly the SUV I'm looking for with the right options. Any help will be greatly appreciated.
I don't know about the other charge, the Financial Reserve. That didn't come up when I was shopping for mine, maybe someone else knows about this.
Best I can figure, the wholesale reserve is about 1% of base invoice price, and works just like holdback. Treat it like 1% extra holdback on top of the 2% holdback that's typical of Toyota.
Anyway, you shouldn't be charged for any of this holdback or financial reserve, in my opinion. The dealer isn't charged for it either--it's actually additional money (a rebate, if you will) that they get back from the factory. Once again, search these discussions and you'll find good explanations as responses to posters who wondered if *they* should pay the dealer for holdback somehow.
But all these discussions of dealer profit details can be of limited use. As many others have said, the market sets the selling price of the cars. Work with two or more dealers to get their best prices, and let them worrry about this holdback stuff. If you would like some experienced folks to do the shopping and get the quotes for you, check out carbargains.com. You'll pay some of your own dollars for that service, but doing it demonstrates to dealers that you're serious about buying now, and not jerking them around.
Gal Gray 4X4 moon roof, spoiler, convenience package, alloy wheel locks, headphones, DRL for 33,707. But this price has a TDA(what is this?) of 647 and a Whsl Financial Reserve(basically sounded like their rent for the floor plan) of 356. Also, the dealer was only willing to spli the holdback amount(50-50). I asked if I could get the full holdback amount and his rsponse was, "What, don't you want us to make any money?"
What do you guys think about this. I'm kinda tired of waiting ans this exatcly the SUV I'm looking for with the right options. Any help will be greatly appreciated.
lasak
Galactic Gray
JBL 6 disc CD system
Roof rack
Convienence Pkg
was a dealer loaner w/ 4k miles
Toyota Cerified-6yr/100k warranty
very happy camper
Moonroof
Spoiler
Side/Curtain airbags
JBL 3in1 with 6 disc changer
XREAS
Convenience Package
Alloy Wheel Locks
Price paid 34,500 + TTL = 35795
I'm VERY happy with the vehicle so far although I only have 130 miles on it. I think I got a pretty good deal. Dealer - McGeorge Toyota in Richmond, VA
I was just ranting about SET the other day :-)
steve_ "Toyota Sienna - What did you pay?" Jun 19, 2003 11:43am
Read the rest of that thread for the dealer's viewpoint, courtesy of Sbell4.
Steve, Host
By email or in person, you will never get the best price by asking for a quote. When they give you a quote, that is how much they are hoping you will pay, not their lowest price.
If you are buying off the lot, the best approach is to show up in the morning, preferable not on a weekend, and tell them you are going to buy a truck today. You have to tell them the price you want. Let them know that you are looking for the best price among several dealers. They key thing is that you have to be willing to walk away. Even if you just walk away to go get lunch and think about it, you have to be willing to walk off the lot, and they have to know you will walk, before you can ever get the best price.
Its best to do this near the end of the month when they are hot to add to their number of units sold for the month. The salesmen's commission rate is based on how many vehicles they sell that month. So at the end of the month, selling an addition unit can put them up in the next commission bracket meaning they will make a higher commission rate on all the vehicles they sold earlier in the month. This means even if they sell that additional vehicle at the zero commission price, they still make more for the month.
Another thing to consider is a build order. You may have seen the different grades and "available options" in the brochure or online. But when you actually go look at what dealers have on lots, it is a different story. For instance, the side and rear airbags are an "available" option for SR5s, but you will not find them on the lots because they just are not delivered that way. The reverse is also true regarding some options you may not want, like the "convenience package" or or roof rack and running boards. But you can get exactly what you want by putting in a build order. And given your time frame, this would probably work perfectly for you. This is how it works: you tell the dealer what you want and give them a check for $500 or $1,000. You can do this my email and snail mail. They order the truck and hold, but do not cash, the check. When the truck arrives, you test drive it and decide if you want to buy it or not. Either way, they give you your check back. In So Cal, a build order for a 4Runner seems to take about 3 months. Remember 4Runner are built in Japan. I'm don't know if the Highlander are built here or in Japan.
At this point, you would be doing a build order on an 04 . Also when you do a build order, generally you agree on a $ amount over invoice. You cannot know exactly what the invoice will be until it arrives. This is because the prices and fees can change and the dealer does not know exactly what the invoice will be until the vehicle arrives. For instance, I'm waiting on a build order and I will pay $500 over invoice. Also, you cannot predict what customer incentives will be offered when the vehicle arrives. If you go this route, the key thing is to find a dealer that does build orders. Some just don't do them.
Good luck. Keep us informed.
I am looking for a Titanium Sport 4x4 in the northwest. If anyone sees one, please let me know.
tangman
Options include Sunroof, Rear Spoiler, 6 Disc Stereo, Rear Headphones, Dayrunning Lights, Wheel Locks, Runing Boards, Floor Mats.
Seems like a decent deal, looks like a few hundred over invoice. Also why are there so few Blue Limited 4 runners on the lots, most seem to be silver or grey? This deal is one of the few Stratosphere Mica limited I could find. Also does the X-reas Shocks make much of a difference in everyday driving?
Thanks!
moonroof,spoiler,mats,double decker cargo,daytime lights, 29,500 plus tax and MV(about $301)
MSRP was 32,478.
That's it...no advertising, no holdback, no floor plan assistance and this was without any available Maufacturer to "anybody" rebate/incentive, and FYI did not use Toyota finance. I guess everything but death is negotiable. Oh, by the way...I love this thing.
i think if they didn't want your business, you should've taken it elsewhere.
V6 SR5 Sport Package w/ the following option FE (california emittion) SR (sun roof) KG(black running board) SP & YU.
Don't know what SP and YU stand for... any idea?
MSRP $29670 and the sales say i need to pay $500 over invoice plus tax and tags. Any idea?
I've seen most 4Runners in the DC area going for around invoice. 4x2's go for well under invoice (at least here).
This one doesn't have cladding, right? Cladding versions are being given away.
http://www.millertoyota.com/cgi-bin/showca5.cfm?id=033017
you should try to negotiate with them to get it for invoice or even below. i was able to obtain my sport edition for $1k below dealer invoice.
Regarding $1000 below invoice, i think your friend got the 4runner w/ the $1500 rebate (i think it's for the old SR5 and sport models w/o color keyed bumpers.) Let me know if i am wrong.
Pls refer to http://www.edmunds.com/new/2003/toyota/4runner/100192241/incentiv- es.html?tid=edmunds.n.prices.npt..7.Toyota*
if that's the case, he/she was paying $500 over invoice. The one in my mind has the YU option so it's not eligible for the $1500 rebate. Checked edmunds TMV and it shows that the TMV is about $700 over invoice. I will try to push and see if i can get closer to the invoice. Will keep you all posted.
Options:
Sunroof
6CD
Side and Curtain Airbags
Spoiler
DR Lights
X-Reas
Floor and Cargo Mats
Dealer price: 38,788
I paid: 34,200
Got it for 29,600 in IN. 0% is really great too.
Oh, and by the way, that V8 is a real mother. Just came from an Expedition and Tahoe with larger engines, and more weight. Get the V8 at whatever cost.
Options:
Sunroof and Daytime running light only.
Comments: the X-Reas are great, the V6 engine is somewhat noisey (compare w/ my Camry V6), The ride quality is better than i expected. The Auto Climate control is a plus. Dealer also throw in carpeted floor mats, trunk mat, and dash board cover. And the GAP insurance for 3 years.