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Toyota Corolla LE with EVP 1, All weather package, and floor mats....MSRP of $18,060, invoice of $16,521
1. Purchase for $13,750
or
2. Lease for $99 a month with $2,000 down.
Both deals would come with the 2 years of free scheduled maintenance.
Any opinions on which is the better deal, which way you would go? I drive approx 8,000 miles a year.
Thanks
Just FYI- Edmunds True Market Value (TMV) for a Corolla LE (w/ LE Value Pkg) is $14,498 after $2k incentives. That is $3212 off MSRP. I used a Houston zip code to get an accurate figure for your location.
TrueCar.com shows their "Great Price" as $14,459, a savings of $3361 off MSRP. Again, I used a Houston zip code for the most accurate info.
Unfortunately, TrueCar doesn't have any Certified Dealers in the Houston area. That means there are no "Lowest Certified Price" quotes from affiliated dealers.
When I plugged in my Atlanta area zip code, the Great Price was significantly higher at $15,659. BUT there were three offers from Certified Dealers at the following prices- $12,836, $13,261 and $13,263. Obviously there are some pretty awesome deals to be had in Atlanta. Hopefully you'll find one in Houston with similar savings!
Good luck!
The wife will be in the market for a 2012 model car and we'll definitely want to try out the Corolla when we test drive. I do like the looks of the Corolla but with the new Elantra & a new Civic due out that year, they'll be plenty of competition for us to look at. And if I'm not mistaken, won't stability control be a standard feature on all 2012 models?
The Sandman :sick: :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Is it really worth for this price? I'm located at Tampa, FL and this will be my first vehicle.
I didn't get any better deal other than that. I'm also looking for Toyota Elantra GLS model which is equivalent to Corolla LE. In Tampa, Elantra is coming for OTD price if I take the finance through Hyundai (0% APR for 48 Months.) If not, the cost will be $15K. They didn't included any additional accessories like Spoiler, Carpets etc. for me.
Anyway it's also costs around $16K. It includes new tag. May be I can get it for $15K if I Digg further...
Based on my research, new car prices are reduced.
We are having a similar discussion in the Nissan Sentra forums. I also suspect it is the Electric Power Steering that is giving us all this discomfort. They replaced the rack and steering on mine with no visible improvement. It is a design problem, not a problem which some mechanic reading a maintenance manual can fix. Like you say, it is probable bad quality EPS systems.
Over in the Sentra forums we found only one solution: stay away from Nissan. After reading this forum, I'll stay away from Corolla too. Maybe I'll start walking goddamit. :mad:
The Sandman :sick: :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Corolla LE with Cruise, Keyless, CD with 6 discs, and floor mats. Edmunds MSRP in Minnesota at $18,300, Dealer invoice at $16,701 less !,000 rabate $15,701. With dealer's holdback of $370 the net dealer cost would be $15,431. I paid $15,700.
All in all, it is not an exciting car - height is good, the flat surface in the rear passenger is good, driver seat adjustments are god. Other than those, the new Corolla is not very exciting!
The best steering I have experienced so far is on Sonatas!
I only put about 7k/year now but with retirement starting the beginning of 2011, that figure will decrease down to about 3k or 3.5 k, so my time frame for a new ride will be at least 5 to 6 years down the road. By then, there will be new generations of Toyota's & Honda's as well as all the other brands. Since I like this size of car, won't go any smaller guaranteed. The new Elantra & Cruze will also be on my short list. Can't wait!
The Sandman :sick: :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
The XLE has an MSRP of $19,150 after adding $410 for the alloy wheels and $230 cruise control & auto climate control (also called an EVP). The XLE also has woodgrain interior trim instead of the "metallic-style" trim used in the LE and S models. Personally, I think it looks HIDEOUS, but I even hate REAL wood trim in most cars, so I'm biased. Toyota does offer a woodgrain trim kit as an accessory for the lesser models. The XLE also has the same seat fabric found the LE, but the S has the same 'unique sport interior fabric' used in the XRS. The LE/XLE material reminds me of velour...I'll leave it at that.
Now that I think about it, it's pretty lame that power windows and keyless entry aren't standard to begin with!?!? And cruise control isn't standard even on the XLE! On the $21k XRS, power windows and keyless entry aren't standard- they come in a $560 Power Package. I seriously doubt that any XLEs are built without the cruise option or XRSs without the Power Package, but why make it so convoluted??? Anyway..
It's amazing how much nicer the 16" alloys look. I hate to say it, but the wheel covers on the base/LE really make the car look cheap...even the wheel covers on the $9990 Nissan Versa 1.6 look nicer!
For a Camry, you will pay more for the car and gasoline.
Just wondering if forum thinks I got a good deal. Didn't really compete dealers against each other very much. Feel like I could have realized further reduction in price but didn't have time to deal one more day as I needed immediate transportation.
I actually paid 13800 but that included a 599.00 doc fee that the dealer charged.
They wouldnt come off the price any more. But I think if I could have waited longer I could have gotten the deal at around 15,500.00 Dont care at this point. Ithink i got a great deal. Love the car so far. Over 300 miles on half tank of petro.
Furthermore, $13,800 is less than $15,500 so why should you wait longer to pay $15,500 if you could pay $13,800 today?
Because of the recall in March-June, Toyota still has a lot of old inventory to sell, so they may have to give more cash rebate money in October, before arrival of 2011 model, but the good choice cars (color, options, cars made in Japan that don't have the American made gas pedal) may be gone by then.
I paid 13200.00 for the car plus a doc fee of 600.00 so my total cost for the car was 13,800.00. I told them I pay tax and tags on my own to take that factor out of the equation.
Disregard the 15500...that should have been 13500.00
I got a Silver car with gray interior.
Hope that clears things up. Sorry
I am from Houston and received a quote for $13,500 for Toyota Corolla LE with EVP (made in Japan). The OTD price comes to $14,600. Is that a good price or do you think it will come even more down next month?
I paid 13800 for a Corolla the other day and absolutely love the car. I think I could have gotten the car at 13500 but didnt have a lot of time nor patience. Just wanted to get the buying process over and 300.00 wasnt that big a deal. I love the car so far.
CUSTOMER INCENTIVES (thru 10/4/10)
$1500 Cash- Gulf States Region
$1000 Cash- Chicago Region
$1000 Cash- Denver Region
$750 Cash- Central Atlantic, Cincinnati, Kansas City, Los Angeles, Portland and San Frandcisco Regions
SUPPLEMENTAL CUSTOMER INCENTIVE
$500 Bonus Cash- Gulf States Region
This is a bad design from Toyota engineers for Corolla because new Corolla owners and Corolla car rental drivers may accidentally drive at 3rd year for their first trip. Toyota should have create a separate slot for D gear like P N and R rather than have the 3 and D in the same gear slot. If Toyota wants to save money on gear shift positions it should combine 3 and 2 in the same slot rather than having 3 and D in the same slot.
Thanks again for all your inputs.
14.6K OTD is the great best deal. Can you tell me which dealer you purchased the car from? I've been trying to get this deal and can't get them to come to any lower then 16K OTD. You have got the best deal.
Thank you so much if you can share the dealer name.