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Comments
My window price is $40,065. I paid $36,414 plus doc, tax, and tiltle/insurance. Basically, I can get better deal for 02 (only $500 over invoice). But, no one in market matched my truck.
Again, "Tire for life" is not working for me. You have to drive to the dealership every 5K and wait for ~30 minutes. I rotated the tires for my Grand Cherokee @~20K and never did an alignment. Then, I changed all 4 at Wal-Mart <$300 at 100K. Now, I have free rotation/balance at Wal-Mart during shopping.
Maybe, you are right. I assumed each place for one speaker. So, what I got were 4 @ fr and 2 @ rr.
me a quote for the Toyota Platinum 7 yrs/75k zero
deductable for $950. I told them I'll think about it. Is this a good price?
_____________________________________________
I'd recommend that you got to http://www.toyotawarranty.com/ and check it out. You might have to email them for the quote. Once you have it, take it to the dealer she purchased the car from and get them to match the price. If they don't, simply order it online. The site is that of a dealer and the warranties are 100% factory (not third party) and will be honored at all Toyota dealers nationwide.
I personally used this technique and my dealer matched the price.
Good luck.
_______________
hth Bill
ps....how did the price compare between the Limited without the DVD and a loaded SR5??
Dealer holdback - (This was an additional 2% added to the price of the vehicle - not the amount that is paid from the manufacturer to the dealer. It seems to me that the dealer is double dipping here - collecting it once from the manufacturer and again from the consumer).
Wholesale finance charge - (This amount supposedly represents the average amount that the dealer must pay as finance charges to cover the flooring inventory).
District Advertising - (I'd rather not pay and not be bothered with watching the advertising, but I understand that this makes the world go 'round)
The first two items really bother me - I mean, why not charge me for rent or utilities while you're at it? For those of you that paid "invoice" plus some amount, have these items been included in your "invoice"?
Thanks!!!
TF
Then, I would call at least 2 other dealers and ask for a quote for the identical vehicle, pretty obviously checking out what their invoice price and premium is. If there is a discrepancy, then wouldnt you quiz each dealer in turn until you get to the truth ?
At the end of the day, if dealer B says his price is invoice + $800 but it turns out to be invoice + $1000, then you know where you stand and can make an informed decision on where to buy from.
Ultimately, its the final price you pay that counts. Isnt it ?
You are right about how the dealer invoice do not reflect that the 2% Holdback is built in to it already. Also, there is another 1% Floorplan/Financial Reserve built in to the so called dealer cost as well. That's 3% of profits already built in into the invoice. However, from what I have gathered....there are time limits to these hidden profits. Example, in order for the dealership to gain the full potential of the Floorplan/Finacial Reserve...they must sell the vehicle in their lots within 90 days or less (varies from manufacturer).
In reality....on a $40,000 MSRP vehicle...your $800 over invoice price is more like:
$40,000 x 2% Holdback = $800.00
$40,000 x 1% Floorplan = $400.00
Paid over Invoice = $800.00
Total profit to the dealership = $2,000.00
The numbers above does not address any other non public manufacturer to dealership incentives...so the profit could even go higher.
In my pricing research prior to my purchase...I was able to create a spreadsheet that calculated all public incentives as well as financing. In the end...I felt that I was able to negotiate a fair price for the vehicle that I wanted.
How much did you pay for document fee? Thanks.
Thanks.
It had a 44,300 MSRP with
-leather
-DVD entertainment center with remote and headphones
-JBL Premium; 10 speakers; 6 Disc CD Changer/Tape
-Moon roof
-roof rack; Wheel package 1
-Preferred package and convenience package
-Dealer 'threw' in mats and cargo mat the next day after we purchased and came back to have a bug deflector installed
Truck is beautiful, Phanton Gray Pearl - very lustrous finish with two tone overfenders (?). After going out all day to Ford and Nissan dealers and others we arrived at the Sterling McCall dealership in Houston about a half hour or so before they were closing. Very rainy Monday, I can't imagine theyhad much action all day.
Thanks God I didn't do any Internet reseaarch on this vehicle because some of the reviews I read afterwards said that notmuch of a discount is given, its a popular but limited production vehicle, etc., etc. Edmunds own TMV came up within a thousand dollars of the sticker.
Being as the 2003 Sequoias had just arrived I think we made a great deal.
We negotiated to 38,700 (about 5500 off sticker) and got the mats on top of that (its unbelieveable and almost unconscienable that somehow the mats aren't standard equipment in a car with this price).
One thing that caught me off guard was a 330.00 dollar or so DPA (dealer participation advertising) fee added to our negotiated price BUT...I am reading here about high doc prep fees and I only paid 50.00 dollars for my doc prep fees???? Whats up with all of that?
Anyway we purchased Lojack for 595.00, I am wondering if I didn't pay too much (received a nice discount from our insurance agency for a recovery system anyway). We got a 6 year/100K Platinum Toyota warranty for 950.00 (I really thought this was pretty reasonable) and a 4 year GSA maintenance package for 625.00 which covers all maintenance up to 55K I think. I can cancel either one of these within 30 days. I am think ing about it.
My rate was too high but it was the best I could do (7 percent).
Getting a good deal definitely improves the whole experience. We really felt pretty good about getting this deal with no research and literally walking off the street and negotiating the whole thing in aabout a half hour. The salesman (for what its worth) told me later that they normally don't do deals that good (on a 2003) but that we came in late, they were headed home, they knew we were buying one way or another (had a large 15K down payment), they had a bad rainy day...they wanted a sales credit.
I just wanted to give a full report of our whole experience
Has anyone heard of these fees?
From my understanding how the dealer holdback works is it is already built in into the dealer invoice that is publicly available.
As for the Floorplan/Wholesale finance (incentive by the manufacturer to dealership so that the dealership will carry inventory) charge...my understanding is that the manufacturer basically will "fund" the cost of the vehicle for the next number of days...I think it is 90 days. Meaning that the dealership does not have to pay any financing for the vehicle for 90 days. But here is the catch....in order for the dealership to profit from this is to sell the vehicle before the deadline.
The documentation, adminstration, and advertisement fees are negotiable. Basically they are added profit to the dealership. However, if you live in the Southeast and Gulf states...there is a charge that I think is real which is the Southeast/Gulf States distribution fee...but the $500+ that they charge for it in my opinion is inflated. Another option only available in the Southeast/Gulf States is "Toyoguard" that has an MSRP of $600+ which I can be avoided if you have the vehicle "ported" directly to you.
Your calculation should be:
Subtract the 2% holdback, 1% Wholesale Financing and any other incentives from the Dealer Invoice that you see (unless of course you are looking at a "real" dealer invoice). The total will be the closes as you will get to the "Real" dealer cost.
I hope I made sense...
You said that you got a 2003 SR5 with DVD in it, could you please look at your original sticker and let me know whether it showed EY & WH or just EY only.
EY - DVD option
WH - Wireless Headphones
I am not sure whether EY option includes wireless headphones along with it.
My dealer's manifesto shows a 2003 arriving next week and it got EY, but, no WH. This may be still OK if EY includes wireless headphones along with it.
Please let me know.
Also, what's the DVD screen size? 6.5in ? 7in ?
Is the screen clear?
2003 4x4 SR5.
FE 50 STATE EMISSION
DR ROOF RACK
GY SIDE AIRBAGS
RL DAYTIME RUNNING LIGHTS
SR SUNROOF
CC CAPTAIN CHAIRS
AH AW DH RB
CQ CONVENIENCE PKG
AC AIR CONDITIONING
KE KEYLESS ENTRY
LF FOG LAMPS
CF CARPETED MATS
5A CARGO COVER
WL WHEEL LOCKS
What kind of deal is this?
Also... we all know the Sequoia's are all loaded, but that's a relative term. Please describe your options or by the codes, ie EJ- Premium stereo/6in the dash CD.
Thanks
Any help would be great!
www.erichkunst@cox.net
Subtract that from the invoice price of the vehicle and the options. Add in a 5% profit-don't include an fees or destination in your 5%. Then add in the destination only. This should give a good starting point for the price.
Some people say offer $500 over invoice, but you'll be damn lucky if they take that as a serious offer.
I did this and my offer was accepted. It ended up being around $700 over invoice.
Also, what was your paid price (w/o tax)?
I am shopping and would like some pricing info.
I personally like the carbargains.com web site and click the invoice pricing then the chrome book. it will get you there. What is nice about that site is that when you click the options, it will add it to your price and if an option is not allowed, it will disable and inform you of that option not being allowed. Basically you are not being double billed for options. I'll be posting my deal after I pick it up. Hopefully this weekend.
I dealed with Raj at Buena Park Toyota (Anaheim, CA)
and he was a pleasure to work with. No games, just
straight talk. The truck came with pretty much everything
except DVD & rear audio controls and load leveling options.
If you are in the Southland, CA - I recommend contacting
Raj.
PS: Raj also promised me couple of extras (1st aid
kit, cargo cover) to sweeten the deal - I have not got
them yet..
23 Telluride SX-P X-Line, 23 Camry XSE
23 Telluride SX-P X-Line, 23 Camry XSE
Sounds like you've done your home work on it and I wouldn't be too concerned on the dealer you choose. Secure your deal and keep in mind that you can take your ride to any Toyota Dealer to get service if those are not to your liking.
23 Telluride SX-P X-Line, 23 Camry XSE
dr, gy, rl, sr, ah, cq, pm, ac, ke, lf, ej, hy, cf and z1.(msrp $43976.00) i also had the dealer install the glass break sensor, wheel locks and a cargo net. my out the door price except tax, title and tags....$40337, which i believe was a very fair price for my area, CT. Dont be fooled by a scum bag dealer. do your homework and get all of the facts on what options are coming standard and as added. you will be a wiser shopper and save yourself some serious jing!
FE 50 STATE EMISSION
DR ROOF RACK
GY SIDE AIRBAGS
RL DAYTIME RUNNING LIGHTS
SR SUNROOF
AH 16" Alloy WHEEL PACKAGE
CQ CONVENIENCE PACKAGE
PM PREFERRED PACKAGE
CQ CONVENIENCE PKG
AC DUAL AIR CONDITIONING
KE KEYLESS ENTRY
LF FOG LAMPS
EJ JBL PREMIUM 3-IN-1 RADIO W/6 CD CHANGER
HY REAR AUDIO CONTROLS
CF CARPETED MATS
Z1 PREFERRED EQUIP PACKAGE
MSRP 43976.00, OFFERED TO ME FOR $39858.00
I HAD THE DEALER INSTALL (WL) WHEEL LOCKS, (PG) GLASS BREAK SENSOR AND (GN) CARGO NET.
MY OUT THE DOOR PRICE EXCLUDING TAX TAGS AND TITLE WAS 40337 ($40292+$15 NY TRANS STATE FEE (I LIVE IN CT), $10 NY INSPECTION FEE(??) AND $20 DOC FEE)
I MADE MY PURCHASE FROM FRED GREENE AT TOYOTA OF NEWBURGH VIA THE INTERNET/AUTOBYTEL. HE SUPPLIED THE PRICE WITHOUT ANY HAGGLE OR HASSLE. THE DEALER TRANSACTION TOOK 35 MINUTES. NO ONE IN MY AREA COULD EVEN COME CLOSE TO THIS PRICE. THIS WAS THE EASIEST CAR PURCHASE I EVER MADE! GOOD LUCK EVERYONE.
AC
C7
AG
CQ
DR
EJ
EY
FE
GY
IV
KE
LF
PM
RL
SR
MSRP- $45,981
INVOICE $40,444
I PAID $41,344
2003 Limited 4x2
MSRP: $43335.74
PAID: $39700.00+TAG+TAX
Options:
EJ JBL COMBO 6 CD
RL DAYTIME RUNNING LIGHTS
SR MOONROOF
CX9 SPOILER
PV5 CARPET
XY7 TOYOGUARD PLUS
I HOPE I DIDNT GET TAKEN FOR A RIDE.
03 SR5 4x4
AG
IV
CQ
RL
AC
LF
EJ
PM
KE
DR
GY
MSRP $42,945
INVOICE $38,114
OFFERED TO ME $38,6114
It $500 over invoice, Is this invoice real?
Should I take this offer?
Thank you
For a vehicle that is in great demand (4Runners, Honda Pilots, etc.) they will only sell them for MSRP or above. It's up to the consumer to decide if that's fair or not. If they don't, they make that decision with their pocketbook and buy something else. If there are enough people doing the same thing, than the dealers will have to change their selling price or not sell vehicles.
It has been said many times before by many other members here. Don't focus on how much over or under invoice you're paying, but how much is it going to cost you overall. If you pay $1000 UNDER invoice but have the dealer charge you $3000 in bogus fees, did you get a bette deal than the person down the street that paid $1000 OVER invoice but didn't pay ANY additional fees?
Sorry for ranting, but it's the old story about not seeing the forest because of the trees. Pay attention to what you're going to pay overall for your purchase and you'll be alot happier than driving yourself nuts arguing semantics.