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Again, thanks for all the advice. It does pay to do your homework. If all possible, deal with fleet managers. I went through autobytel.com for the fleet manager I used. He was great!
I am currently playing the e-mail game with 10 dealers in Eastern NC. I think as someone above said, you do the best for where you live. I don't have the opportunity to go to Milwaukee to but a car without all the costs. So as long as I get the best convenient deal I will try to be happy, then stop reading this string so I don't get depressed reading all the low prices!
Some of these extra fees are clearly negotiable between different dealers, just based on the prices that are coming back to me. My question though, is all the people that are quoting "100" above invoice, is that the consumer reports, KBB,Edmunds invoice minus the holdback, or the dealer telling you what invoice is and saying "100" over? I've had a few dealers use their own "cost" figure as invoice, which includes some of those bogus Toyota fees(advertising, Toyo guard etc). So when they tell me 2% over invoice, they really mean 5-6% over what I know as invoice!
If there's one lesson I've learned from this board it's: FORGET ABOUT THE INVOICE! The first step is to forget about the MSRP as a reference, the second step is to forget about the invoice as the reference. The dealers know everybody knows about invoice, so they play all kinds of games with the invoice price. Never lose sight of the fact that the invoice is already padded by 2% holdback, not counting Toyo Guard, "dealer installation costs", "holdback" and so on ad nauseum.
Only use discussion of the invoice price to communicate that you're not a hopelessly dumb buyer. After that, the reference price is NOT the invoice price, but rather is the lowest bid you've gotten so far. You MUST make the dealers compete with each other! Only then do you know you've gone as far as you can go.
The toyota advertising cost may vary by region, too. That may help explain regional differences. It also may vary by dealer, with higher volume dealers getting less charge per car.
If the Toyota advertising is not real, the dealer is making $1400 gross profit on my deal. If it is real, the dealer is making $1000 gross profit. Either way, not a bad way to make a living.
As I noted in other messages, you'll drive yourself nutto worrying about what the dealer's profit is. Just make 'em compete and quit worrying about it.
By the way, if you try walking out in order to push the price lower, please let me know how well that works. I am not going to try that but am very curious whether it would have worked.
And if anybody's interested, I built a dealer profit spreadsheet model to compare the quotes. Email me at ericwesson@yahoo.com and I'll send it to you.
Sent out 10 email requests for out the door pricing using format from previous posting. Basically, I listed invoice info for Sienna LE, Options TO, UN. Gave color pref Sailfin Blue and interior Gray Cloth. Tax rate for Rockdale County is 6%.
Rec'd answers from all dealers. Best quote from Heyward Allen in Athens, GA. Quote was $24,942 OTD. Decided this was very competitive and did not want to dicker back and forth with other dealers after they initially came in with higher quotes. Probably could have got matching or slightly better - but my loyalty was with the guy providing the first quote back that made sense.
Internet Sales Mgr has been very helpful and hopefully will stick to quote when I go to pick up. I will be really surprised if this isn't the case. Vehicle has been delayed from factory - so Heyward Allen Toyota has offered a loaner Sienna for trip next week if my vehicle is not in by that time.
I figure this is somewhere around $490 over invoice depending on how you figure it.
Hope this helps someone.
I have done a lot of research, thought I had a decent deal by NY standards (1000 over invoice). Told the guy we shouldn't have to pay 430 advertising fee. He made the mistake of telling me to look on Edmund's website to prove that we had to pay this. We found the section in Edmund's which said we SHOULD NOT pay this! Went to the dealership today to pick up the van (or so we thought). We showed these guys the article. They kept saying there was nothing they could do about it. Finally, they knocked off $200 from the price of the car, but a short time later informed us that the labor cost on the dealer-installed center console and rear bumper protector would be (surprise!) just about $200. In addition to that, when I inspected the car, the driver's armrest was broken. The sales manager tried to prove to me that it wasn't...it was merely the way I had the seat tilted (do they think everyone is an idiot?) I told him I had test driven these vans twice and sat in a couple of others. After safety, comfort is my top priority (which is why we didn't go with a windstar or odyssey...odyssey dealers are a piece of work too but we won't go there). Anyway, I know my armrests. They said they didn't have anyone available to take a look at the armrest (despite the fact that there were service people around...again, we must all be idiots). So, with our check and insurance, out the door we went. They will contact us Monday to let us know what the story is with the armrest. Don't you think that nothing should have to be fixed in a new car???
Anyway, what i did was email a few dealers telling them exactly what I want...base price and options at invoice plus 3% profit (they can now forget about getting a grand from me) plus tax plus destination plus document fee, title, registration. I don't want to give them their advertising fee either.
Does anybody have anything positive to say about NY dealers? Has anyone been successful in paying the 3% profit and no advertising fee in NY?
Thanks for your input...This is a great website. I have learned a lot from everyone's comments.
Good Luck
Thanks Ed
base price 20602
base price 20602
added HV 847
GT 235
P1 140
K1 89
SK 80
A8 420
Cd changer 400 (guestimate)
overhead TV 980 (guestimate)
+3%
+ 495 transportation
and cme up with right at 25,000. The dealer countered with 25,680. what do you think? Good or not.
Nuclear77: I haven't heard of the website you mention, but I did try Autobytel.com and found their prices a few hundred dollars higher than the dealer I am going to purchase from. As far as negotiating online vs. at the dealership, I've done both and I can tell you that when you go into the dealership, it is a colossal waste of time if you've already seen and test driven the van and know what you want. If you are ready to buy, try autobytel, carpoint, carorder, etc. to see what prices you get and what dealers are out there Then move on to emailing the dealers. You will not be in a position where you're sitting there at their mercy while they go "talk to their manager" or tell you they'll "be right back" Instead of feeling pressured by them to respond, you can just send an email telling them you'll get back to them. Once they send you a price, you will have more time to evaluate it before accepting it or negotiating further. Hope this helps. Good luck!
#1. quoted me $26300 including 6% sales tax and lic & doc fee.
#2 and 3 both quoted me $26000 Out-the-door with #3 specifying the TO option as well stating that they are "all" coming in with that option!
These numbers are a far cry from what other people seem to be getting elsewhere!
If you start to talk about invoice the dealers always seem to have a way to overcome the argument; and who really knows what the truth is? These prices represent 4-5% profit for the dealer excluding hold back and dealer advertising!
I am currently pricing a XLE here in Oklahoma (Tulsa to be more specific) and the dealer has given me a listing of options and their associated cost(s).....by the way these options are at the MSRP instead of at invoice. I have been able to determine the "invoice" price on all the option listed except code D8 - the extra mile option package D. the price listed (which is obviously the MSRP is $1733.00. Can any one out there tell me what the invoice price is for this feature....so that I can accurately figure my offer??? Any assistance is greatly appreciated! Thanks for your help in advance!
Jack
Thank You.
I'll provide more info, one the deal is closed ;-)
Thanx
I agree with you that the way the dealer got there is sleazy but still it is a great price.
Thanks for the help.
Base vehicle price $22,148
UN 271
SK 80
EF 36
DEST 480
FUEL 6
Total invoice 23,021
He says he'll go $500 over total invoice without TDA, so it's $23, 571+ TTL and still some room to fudge on his part. So I can get an LE in WI for less than the price of a CE in TX. This is telling me two things: I'm taking a vacation to WI to buy an LE (Wife's family reunion is up that way anyways) and that folks in Texas are getting seriously ripped off by Gulf States Region Toyota. Either the demand is high in Texas for Sienna's or its greed.
<<A HREF="http://ToyotaMuscatine001@mcleodusa.net">ToyotaMuscatine001@mcleodusa.net> Address your cmts to the "owner" Mr. Robert Davis.
Dear Ed,
Thank you for your request. Here is your price quote for the Sienna:
Base Invoice $22,148
Destination 480
Toyota Advertising 420
Value pkg 271
Bumper protector 36
**Towing Pkg** 128
------
Total Invoice $23,483
I understand that you didn't ask for the Towing pkg but it comes on all Sienna's because it gives you the rear A/C. I can sell you this vehicle for 3% over invoice or $24,187 plus tax and tags. I need to get some more information on your trade before I can figure out the rest. Do you have access to a fax machine? If so let me know what it is so I can fax you an appraisal form so I can get a better idea of condition. Let me know if I can help. Thanks.
Andy Patton
Internet Manager
Haltermans Auto
Aheadofyou: I'm sorry you couldn't get the deal you wanted on a Sienna, but I found your observations very helpful. Enjoy your Camry.
I am also shopping for an LE in Long Island. What dealers gave you the prices that you posted?
Thanks.
apatton@haltermansauto.dealerspace.com
Hope this helps, please let me know
Good luck in Sienna shopping!
As for $100 over invoice . . . . go for it! They won't go under invoice, and what's $100 spread over payments?
Sienna is the safest mini-van made. Our 2000 LE is an absolute dream come true.