2015 Corolla OTD price

bingroy

Anyone purchased a 2015 Corolla, L Automatic? What was the total OTD price?
I have received quotations that all add up to around $17500 (including taxes, plates/registration, freight and dealer fees).
Most dealers are charging $825 for freight and $600 in dealer processing fees.
What would be a good deal in your opinion? I am thinking around $16000 max.
Note: I have seen discounted price (so called no haggle prices) hovering around $14500 with an additional $1000 for military discount (for which I technically don't qualify). MSRP is around $18500.

Reasons:
L trim with automatic is in lower demand than LE or S trims. Yes, it is boring to drive but I hate CVTs and cannot afford the S/LE Eco trim.
No trade-ins.
Will likely end up paying by certified check. Wont take financing. (Is getting a $16000 in one go an advantage for dealership)?

Should I start around $15500 and work my way up to $16000 or start with $16000 and work my way up to $16500? I am in no hurry to buy but would like the car by mid-Feb.

Thanks

Michaell

bingroy said:

Anyone purchased a 2015 Corolla, L Automatic? What was the total OTD price?
I have received quotations that all add up to around $17500 (including taxes, plates/registration, freight and dealer fees).
Most dealers are charging $825 for freight and $600 in dealer processing fees.
What would be a good deal in your opinion? I am thinking around $16000 max.
Note: I have seen discounted price (so called no haggle prices) hovering around $14500 with an additional $1000 for military discount (for which I technically don't qualify). MSRP is around $18500.

Reasons:
L trim with automatic is in lower demand than LE or S trims. Yes, it is boring to drive but I hate CVTs and cannot afford the S/LE Eco trim.
No trade-ins.
Will likely end up paying by certified check. Wont take financing. (Is getting a $16000 in one go an advantage for dealership)?

Should I start around $15500 and work my way up to $16000 or start with $16000 and work my way up to $16500? I am in no hurry to buy but would like the car by mid-Feb.

Thanks

What is the breakdown of your OTD offer? I see the logic of giving the dealer one final price, but you need to account for taxes and fees in it. A simple spreadsheet should allow you to line item each component of the deal - offer price for the car, sales tax, tags & license, etc.

If you are in the ballpark the dealer should work with you.

bingroy

Thanks Michaell.


Breakdown (approx numbers)

Sale price = 14600-15500
Tax = 850-10000
Dealer fees = 500-700
freight = 800
title/registration = 100

Per advice on this forum & Edmunds.com I am going to start with the dealer fees scrapped. That's the cost of dealer doing business!

What about freight? I fail to understand why I should pay for the car being shipped from factory to dealer. That's the cost of dealer doing business as well!

The rest are legit charges, which I can will not contest.

I have seen internet prices "no haggle offers" for sales price going down to $13500, but that was with a military discount.

Further thoughts?

Michaell

bingroy said:

Thanks Michaell.


Breakdown (approx numbers)

Sale price = 14600-15500
Tax = 850-10000
Dealer fees = 500-700
freight = 800
title/registration = 100

Per advice on this forum & Edmunds.com I am going to start with the dealer fees scrapped. That's the cost of dealer doing business!

What about freight? I fail to understand why I should pay for the car being shipped from factory to dealer. That's the cost of dealer doing business as well!

The rest are legit charges, which I can will not contest.

I have seen internet prices "no haggle offers" for sales price going down to $13500, but that was with a military discount.

Further thoughts?

I don't think you can get around the transportation fee .. it's part of the sticker price.

Agree with you on the dealer fee ... adjust your offer for the selling price to offset that cost. Dealer will tell you they can't eliminate it, but you can mitigate it.

And, I truly hope you aren't expecting to pay $10K in tax -- gotta believe that is a typo. This late at night, I can forgive it.

bingroy

Guys I am getting a on the road price of $16.8K from a dealer. Breakdown is as follows

Price 14500
Tax 870 (state = 6%)
Destination 825
MD tags/registration 300
Dealership LOW 300




TOTAL 16795

Good deal I suppose?

ultratech

bingroy said:

Guys I am getting a on the road price of $16.8K from a dealer. Breakdown is as follows

Price 14500
Tax 870 (state = 6%)
Destination 825
MD tags/registration 300
Dealership LOW 300




TOTAL 16795

Good deal I suppose?

Is this for the L model ? What's the MSRP?

bingroy

Yes Corolla L (sorry should have specified). Automatic. Dealer says MSRP 18325. Toyota website says 17500.