Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
2004-2009 Toyota Prius 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
Can you tell me more about the MF? or point me in the right direction for research.
I am trying to understand how a MF of .00245 equates to a 5.9%.
Thanks in advance
http://www.consumerreports.org/cro/cars/best-time-to-buy-a-car-1204/overview/ind- ex.htm
I did take their advice and buy a end-of-model-year Civic in 2002. Got $3,000 off the msrp. Very happy camper. There may be some 07 Prius still around--don't know.
Off to LA today in my new Prius. (My electric bike doesn't quite have the range).
Bob
Longo Toyota still shows some 07s on web site.
C
Thanks for your advices.
Supplies seem to be plentiful right now in Bay Area. Toyota Sunnyvale is advertising Prius Pkg2 at $22588.
That's like $800 over invoice. Is this a good deal or should I negotiate some more.
Am I running the risk that as inventory goes down towards Dec that they will hold up prices higher?
Philip
Here is what I got from Expressway in Dorchester
Option 5 (yours is option 3)
term: 48 months
money factor: not known
15,000 miles per year
residual value: 12,636
MSRP: 26,464
agreed upon value: 24,464
monthly payment: 342.45
tax: 18.00
total monthly: ~ 360.00
Check out this and other forums and make the best "educated guess" you can as to supply/demand = price.
What worked for me.
I decided exactly what I wanted with regards to options/color.
Determined what I would pay.
Emailed local dealers using the Toyota website.
Told them I would buy the car immediately. I asked that the dealer plz not respond if they would not agree to my price.
When the first dealer agreed I bought the car the same day.
The car is great. Getting an ulcer buying it is not good.
Carl
Of course, how much they make is their business, not ours. Our business is figuring out the lowest price we can pay. From what I've read herein $800 over invoice is about as good as it gets for Prius in this CURRENT market. But do what it takes to content yourself that this is a good price. Like I said, I bought a new last-year Civic in 2002 (that is, 2003s were already for sale) for $1600 below invoice.
07s may be $1,000 less than 08s. If you drive high miles it may be worth it. If you drive low miles the 08 is the better deal for $1,000 more than the 07. Try finding an 07 AT invoice, if you want to go that way.
If I were timing the market, I GUESS I'd buy the day after Christmas, at this point. But that's just an intuition on my part based on the CR article. Oil prices seem to be stabilizing today at about $94/barrel.
BTW, I highly recommend the platinum warranty, (I paid $1155, 6year/100k), not because you'll need it, but because it is transferable, one time only. If you sell the car within the warranty period you'll more than recover that money, imo.
Good luck.
Bob
I forgot about the dealer hold back, I was thinking that dealers would not advertise their bottom price anyway, so there is room for negotiation. Like you, I wouldn't begrudge dealers for making some profit for expenses, salaries and so on.
I think I will wait a while and see how oil prices and inventories play out.
I still have 4 months lease on my MB, so wouldn't want to have a new Prius sitting in my garage doing nothing. Either way it will cost money and even if I have to pay a bit more in March, it couldn't beat about $2K for MB lease, plus lease & depreciation for the Prius.
BTW, how should I start my inquiries with the dealers, tell them upfront that I am interested in leasing or get to the buy price first?
Also can anyone explain to me the money factor that I keep hearing in lease talk?
Thanks in advance
Are you regreting not buying the Non-Touring? I am not sure if I should buy Touring or Non-Touring Pkg. 6. I did check the price for the Touring tires and they are expensive. The difference between the Non-Touring and Touring is about $300.00. Any suggestions? If anyone out there has gone thru the same let me know. I have to make a decision soon.
This may well be true, based on the MSRP. But when I was purchasing my car, on 9/29, my options were:
* pay invoice minus $300 for 2007 Non-Touring;
* pay invoice for 2008 Non-Touring;
* pay sticker for 2008 Touring
I opted for 2008 Non-Touring. So, the jump for Touring was much higher than the $300 you mentioned, because, due to limited availability of Touring, it was going for much more than the invoice price.
This was in September ... have the facts changed so much in the past 7 weeks?
'hope this helps. Thanks.
Over 100k miles the costs are: $500 for Touring, $400 differential for 2 sets of fancy tires and $350 additional for gasoline (5% worse mileage) at current prices ( a wild guess). That's $1250. You may get a small amount back when you go to sell it but I'm thinking not much more than $100-200. I can't see the $1,000-worth of value. And when gasoline goes up I'm sure I'd rather be getting 46mpg rather than 44mpg, if I'm guessing right.
It is certainly nice to know that there are people who care about the environment and are willing to purchase greener cars.
Does anyone know if the Package 3 is available in Los
Angeles (or anywhere in CA for that matter as I will drive to get it), Also, what should this package add to the price of the car given current incentives going on? It seems you get either a package 2, or a 5 or 6 here.
The option I want is the 9 speaker stereo. I understand it is not advisable to put an aftermarket system in these cars but that may have been salesperson bluster.
Thanks.
I did, however, get a vehicle at what I think is a fair price. (I'm certain to be corrected if I am wrong.)
I bought a base model 08 (I'll upgrade it myself, tyvm), added an aftermarket leather package and $1350 or so TTT. $24,4 OTD.
I'm located in Milwaukee WI and used Heiser Toyota. The entire experience with this dealer was wonderfully pleasant. I learned a few tricks and am certain I could have done even better (and hope to in a few years when I replace my wife's vehicle.)
What do you all think? hot or not?
Sailorman
What I'm saying is not that the original tires aren't worth it; I'm saying that each subsequent tire change will cost you $200 more with the Touring than with the base. It appears that R16 tires just command a higher price than R15s. If you feel you need a better tire then maybe the R16 are for you. Most people seem to want the highest mpg-tire (smallest, safe footprint). I compared prices at tirerack.com and costco.com.
Any thoughts on all this? I'm especially interested in why there appears to be a discrepancy between the Toyota.com website (with the lack of a true base model that doesn't have power steering) and what is being sold on the lots here in Oregon. One dealer verified this is confusing for his customers...
My email is: enidmckee@yahoo.com
Please email me with the name who sold you the car.
PRUSA
1st todays paper had 08's for 26k with option #6 in Sunnyvale, CA, but I am looking for a little cheaper model so I am looking for Seaside Pearl with Option #5
I was sent a quote from one dealer for 24,850.00 with the Option #5
Sound fair?
Thanks for any feedback
PRUSA
1) I just returned from a road trip. I averaged exactly 42.0 mpg on each of two fill-ups, driving 70-75mph, (got to on the Interstate, HOV lane) over hilly terrain with 500 pounds of load, tires at 35front/33rear. As I've been saying, I believe the Touring gets somewhat less mpg than the Base due to its larger tire footprint. More rubber on the road also explains the idea that the Touring is noisier than the Base. HOWEVER, it is so much quieter than our Honda Civic as to be Lexusian. I doubt the difference in noise level is significant. But I do believe the difference in fuel efficiency would be an irritant.
2) $26k for a Base#6 is as good a price as I've ever heard. I paid about $500 more for my Touring. The only suggestion is to have them include carpets, or at least to include them at their cost, maybe $50-75.
With the national economy so iffy, I would conjecture that car sales, perhaps even Prius sales, are softening. Still, I'd be very surprised to find that anyone beats $26k on a Base#6 in the next six months. Could be wrong.
2008 Blue package 3, 12k mi/yr, 36mo lease.
sale price 23900
dealer installed leather 1400
RV 14342
MF 0.00285.
I'm also considering getting satellite radio. Should I have negotiated this from the start? or can I still negotiate down the price after I have the above deal?
Also does Toyota always make you pay for gap insurance?
Thanks.
.00245*2400=5.88%
base model, white or red, pkg #2, plus floor mats at...
$22,974 invoice plus $700 profit = $23674
plus tax, title.
36 mth lease
$408.00
salesman said he was using .55 residual and ,00266 money factor.
the monthly lease seems quite high. you thoughts/guidance, please.
Sorry for the delay, the dealer is Sunnyvale Toyota for Package #5, as for the Package #6 for 26k, that was in the Friday San Jose Mercury News paper, they had 39 to pick from the paper said.
The guys from Stevens creek said they would match the quote for Package #5, but I sent out a quote saying who ever had the lowest quote gets the sale, so Looks like Sunnyvale is going to get it
Dil
My question is they offered the the following:
1. Extended warranty (6y/75k=1,640.00) or (7y/75k=1,745.00)
2. Premium Service Care (4y/55k=1,495.00)
Both seem high, so I wanted to ask whats a good price to talk them down to. The car will be driven less then 10k a year and plan on keeping the car for a long time.
Thanks for any feedback
Dil
For the Extended Warranty, for openers you don't even have to decide on this
option until just before your 3yr/36k basic warranty expires. Secondly, you can
buy this Extended Warranty from any Toyota dealer. Check with Greenfield
Toyota in Greenfield Mass. I believe their quote for a 7yr/100K policy with
0 deductible is somewhere around $1,000.
A related story to help with this question...stick with me even though I'm saying BMW. I'm leasing a BMW 328xi (which we are swapping out for a Prius...my conscience finally got the better of me). The tires on the BMW are runflats and cost $225 to replace EACH TIRE. Two weeks ago I'm on a roadtrip and get a screw in one...$225 down the drain. The very next day after I replaced that tire another piece of metal on the opposite side. $225 down the drain.
I've also had two 'sport' cars and am no fan of the 'sport' handling of the Touring. IMO it's just stiff, bumpy and annoying. I say go with the non-touring for less money, less risk of replacing expensive tires, higher mpg, and smoother ride.
Jon
or does anyone know of a dealer making good deal on the prius in soCAL the few dealers i spoke to seem like they couldn't care less whether or not they make a sale this month or not. I want to get a prius but i have a car so i aint in a huge rush so i just want to find a good deal. I am looking for a touring with either 5 or 6 package preferably the 5.
I paid $1150 for a 6yr/100k miles platinum warranty on my 08 a month ago. It covers everything except for wear items--windshield, tires, body/paint. I'll use up my warranty on miles before years. You will use up your warranty on years before miles. Try for a 10yr/100k warranty. See if they'll give you something like that. You can ask for any combo you like. 7yr/75k might be good for you too.
THE BIG REASON to get a warranty is that it can be transferable, one time only. It will add a good $1000 to the sales price if you sell it well within the warranty period, imo. In California, at least, the battery is warranted 10y/150k and I think the drivetrain has some extended coverage included. So warranties might be cheaper here than elsewhere in the US.
Read the warranty contract very carefully: what's covered/not covered and transferability.
I saw a similar warranty to the one I bought being offered online for about $800. I am far and away happier I bought mine at the dealership that sold me the car.
Also with oil down from near $100 now into the upper $80s I imagine there's a lull on the hybrid sales floor.
That's what I'd try if I were buying right now. Disclaimer: This is just intuition mixed with a bit of info from the CR article on "best time to buy" and I can't predict whether prices will go either higher or lower. OK?
Bob
Thanks for the feedback, I thought they were asking way to much for the warranty, but needed to see what the forum..
Thanks again for all the feedback
Dil
BTW, if you wear eyeglasses opt for the anti-glare coating for a nominal additional charge.
Bob
2008 Prius pkg #6 loaded
Sale Price: $25,847
MF: .00225
Residual: $15,253
Out the door: $1183
CA Tax: 8.25%
Payment: $422.xx/mo
I was hoping to get closer to $400 payment as others have gotten but I think relative to the drive-off amount it works out.. Let me know.
For instance, compared to the 2008 Ford Focus the Prius is only 2 cubic feet bigger in cargo area, 2 cubic feet bigger in trunk space. Sure the Prius gets better fuel economy, but it costs at least $5,000 more than a Focus. You can buy a lot of gas for $5,000. I calculated it would take you eight years to make up that $5,000 in fuel economy savings.
Also you can get a PZEV Focus which produces the same or less smog forming pollutants as the Prius.
I also wonder why people lease these cars since you can't save money untill well after the end of any lease.
Mark
Thoughts? Is this a good price, or is there wiggle room? We can wait until the week after Christmas or just after New Year's but probably not much beyond that.
Thanks!
Also got $400.00 for recent college graduate so net before tax & license was $22,340.
This included Package 2 and floor mats. MSRP was $23,759 (included destination)
I also spent $4.95 to get a Galves (galves.com) value on my trade - that was well worth it as it boosted the trade from $4,000 to $4,600.
Knowledge is power.
.....................................MSRP...............Cost
Base Model...............22,325.00............20,558.00
Package 2.....................575.00................518.00
Mats.............................199.00................179.10
Destination Charge.........660.00............... 660.00
Total.........................23,759.00............21,915.10
Holdback (2%).................................-446.50
Dealer Cost.........................................21,468.60
So total dealer profit was approx. $871.40 or 4%