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2004-2009 Toyota Prius Prices Paid and Buying Experience

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Comments

  • cruising7388cruising7388 Posts: 125
    "Some guy in this forum said "Well what if gas is $20 per gallon. It could happen." THAT'S IMPOSSIBLE. If gas were $20 per gallon our economy would be destroyed so fast it wouldn't matter what kind of car you drove. The trucking industry would crumble, meaning every consumer product that is trucked would cost 5 or more times as much. There would be zero gas powered mass transit, no buses or planes or taxis. It would be the Great Depression Part II. With $20 per gallon gas you could probably trade your $26,000 Prius for a newspaper or some already chewed bubble gum if you were lucky. "

    Impossible? Four years ago, the prospect of fuel going to $5 per gallon was described as "Inconceivable". The draconian consequence of $20 gas has no connection with the liklihood of it occuring. If we started pedal to the metal today, it will still take between 10-15 years to fully engage an alternative energy source for vehicles. While $20 gas is not a slam dunk, the failure to acknowledge this distinct possibility is a full fledged flight from reality.
  • cruising7388cruising7388 Posts: 125
    There should be a Hall of Shame thread on this forum for dealers that behave this way. Some day, the worm will turn and these identified hucksters could then be avoided like the plague.
  • carnaughtcarnaught Desert SWPosts: 2,713
    I too had my share of what I call 'Gouging' and the dealership called Market Adjustment of 5000.00 over MSRP. The salesperson had the nerve to compare this to the Katrina disaster when bottles of water were being sold at 5 to 6 dollars a pop! He bragged ..........

    Both situations are just as sleazy.
  • sbell4sbell4 Posts: 446
    first of all, I am a Toyota dealer and we do not charge over MSRP

    but

    a dealer can charge what they want for their product and the consumer has the right to pay or not pay. The reason some dealers charge a "premium" for a Prius is because there are buyers that will pay for the immediate gratification. If you disagree with a business's practice the best thing to do is avoid them but there isnt any reason to call them scum, thieves etc. because they do not do what you would like them to do.

    I always wonder what the people that complain would do if they had a Prius and they sold it on ebay. Would they stop the bidding when it reached Edmunds TMV or would they take whatever price someone offered even if they knew it was more then the car was worth.
  • carnaughtcarnaught Desert SWPosts: 2,713
    .......a dealer can charge what they want for their product and the consumer has the right to pay or not pay. The reason some dealers charge a "premium" for a Prius is because there are buyers that will pay for the immediate gratification. If you disagree with a business's practice the best thing to do is avoid them but there isnt any reason to call them scum, thieves etc. because they do not do what you would like them to do.

    Well of course these dealers can do what they WANT to; it's a free country. Just like I and others are free to say these dealers ARE scum and I, for one, will never do business with them.
  • 3c33c3 Posts: 74
    I bought my Prius for $2000 under MSRP. I would not have bought one for MSRP, let alone anything over MSRP.

    However, there is absolutely nothing wrong with the dealers asking for $5K/$10K/etc. over MSRP. Nobody is forcing you to buy a Prius. There are plenty of other cars available. When the dealers cannot sell the cars for what they're asking, prices will come down. Simple supply and demand.
  • I agree with the supply and demand theory with the Prius. When I looked at what people were trying to sell their USED Prius for (online on ebay and craigslist), it was not too much less than what the dealership was asking for on a NEW Prius, which included a $2K dealer mark-up from the MSRP. When I asked the dealer why he marked up $2K, he said "Well, that is nothing...guys in CA are marking it up $5K over MSRP". I think a better answer would have been "Because I can".

    At the end of the day, I was happy to pay the $2K to get my car now versus in 5-6 months.
  • 3c33c3 Posts: 74
    MSRP to be increased by about $500.
  • jrt101jrt101 Posts: 3
    After a 3 month wait, I picked up my pkg 6 tonight. Paid MSRP. No xm and decided not to buy any extra coverage. Total price was just over 31k incl NYS tax. I am a little disapointed in the leather interior and I would probably pass on it if I had a do-over. I am accustomed to "loaded" cars and "loaded" prius lacks the same luxury. I decided I wanted a Prius without driving one and my first experience behind the wheel was today as I drove away from the Toyota dealer...
    I am thrilled that it is finally in but I can tell it will take some time to get comfortable. Another short-coming is the comfort of the drivers seat. I would like them to put a bit more attention into this on the top models for 2010. 50 miles per gallon, less oil from the Middle East...all the car companies need to take note that this is the new standard. Next challnge... AWD prius.
  • tiff_ctiff_c Posts: 531
    all the car companies need to take note that this is the new standard. Next challenge... AWD prius.

    AWD will kill the fuel economy. There are oh so many reasons AWD won't work in a great gas mileage car. Parasitic loss, weight, drag. The Prius *might* get 35mpg if it was AWD. That in itself would be something but unlikely to happen. They'll probably make a hybrid SUV in the Prius line and sell that.
  • skepticalskeptical Posts: 65
    Congrats--that gives me hope! May you enjoy it fully! :)

    Do you mind if I ask what you paid, because this is the exact one I'm waiting for and I'm at week nine.... I'm new to this board and not sure if you can send me a private message or not, but it would be important information to have so I can have something to compare it with.

    Anyone else get a package # 2 recently, and if so, what did you pay out the door?

    My main concern is I don't want to get last minute stuff added on that I didn't ask for. I picked a dealer that supposedly promises nothing over MSRP, but when I see it on paper, I'll believe it....

    Thanks so much in advance to anyone who can give me an idea of what to expect!
  • skepticalskeptical Posts: 65
    I certainly agree--I think too many have got caught up in the buying frenzy and consumers are indeed being exploited. But to the degree we consumers buy into the hype and get too anxious and agree to pay over MSRP, we collude with this un-ethical behavior and allow it to continue.

    I am on a waiting list but have been promised nothing over MSRP. (But I'm skeptical, as my nickname states...we'll see what they offer...)

    The hybrid market is about to explode within the next two years, and this means competition will be fierce and that means prices will be be better and we'll have many more choices.
  • bob104bob104 Posts: 94
    I see an irony in people complaining about dealer markups on Prius. It was only the high price of gasoline that prompted most of this Prius-come-lately demand. Since it was market force, not environmental concerns, that prompted Prius buying, shouldn't it be market force that determines the price?

    That said, it does seem that you can still find dealers who have their longterm interests in mind and so they don't anger their customers by overcharging.
  • skepticalskeptical Posts: 65
    My view is we control only what we can--as an individual, I can say "no" and collectively we can say "no" to over MSRP--goodness, most decent car buying experiences are supposed to be below (not over MSRP).

    This is pure exploitation--yes the issue is larger, but that doesn't justify going along with it. We've sold out big time for dependency on foreign oil--would we be in Iraq if they didn't have oil? (not so sure..)

    Meanwhile we do have some choices--we can opt for other compacts (I know, gasp) for a year or two till things calm down and we have more choices. Or carpool. Or stick with what you have. Or use a subway/mass transit system if you're lucky enough to have it in your area...

    I say folks who charge well over MSRP-- as well as folks willing to pay this-- ultimately chip away at and demean and undermine the entire basic fair trade rules implicit in car buying.

    I think we all can make a difference by saying "wait a minute now...". Are we that bad with impulse control? Do we want what we want now and so be it--no matter what? Where are our values? Where are our limits?

    I don't know myself, honestly--I'm just asking these questions a lot lately...
  • mschmalmschmal Posts: 1,757
    "A fool and his money are soon parted"

    The economic case for the average person buying a hybrid to lower their gas bill is pretty rocky to begin with, but doing so when you pay over MSRP is just plain foolish.

    Some people just have more money than brains . You'd be better off buying a Nissan Sentra for about $16,000 selling price after rebate. This car is about the same size as a Prius and gets great MPG with the CVT.

    Mark
  • bob104bob104 Posts: 94
    I'm hoping people will find this response relevant to the topic, since it addresses the overpricing issue:

    Six months or so ago I'd have agreed with you, but now Priuses are actually appreciating rather than depreciating. With gasoline very likely to go up, that Sentra will likely sell like an SUV five years from now. The total cost to own (including amortization, gasoline, battery expense) will very likely be less for the Prius.

    From: http://www.nextautos.com/hybrid-madness-used-toyota-prius-averaging-higher-trans- action-prices-new-models

    "The average new 2008 MY (Model Year) Prius is selling for an average of $26,672, while used 2008 models with less than 10,000 miles on the odometer are selling for nearly $1300 more, averaging a sale price of $27,945. Even 2007 cars, with on average more than 22,000 miles racked up, are commanding $26,396 – just $276 from the new cars’ average."
  • It's nice to hear that the Prius is actually appreciating for right now. But it won't keep doing that, of course. It's not going to keep going up and up...this is
    just an odd time, because we are in the middle of many changes, so the Prius
    folks are taking full advantage.

    But if you want to look at the larger picture, and you don't yet own a Prius, you still need to factor in if you are willing to plunk down that much more money --knowing that the entire hybrid market-- as well as the small car market (Honda Fit, etc)-- is going to explode in the next two years. There will be many more choices for fuel economy cars, and with that comes competition and stabilizing of prices..

    And the current Prius is do for major re-haul which will then put a halt to the inflated prices of the second generation Prius, although I'm sure it will still get very good re-sale for many years--and if I had one now, I'd likely just hold onto it and not re-sell--a new car means yet more money to fork over...

    I think the point is you need to keep your wits about you and not get too swept away with the feeding frenzy. Know you have options, and they are about to get
    a great deal better!

    You need to know what your limits are in terms of how much you are willing to pay.

    I'm sorry I didn't buy a Prius when tons were sitting on the lot in February and even March...and you could actually get a good 1-2 grand below MSRP--but now, I just don't know if it's worth it--especially with what's coming around in the corner within the next 12-24 months....

    It's a tough choice--I remain on the Prius waiting list and we'll see if a fair enough price is offered at the time (if ever it actually arrives!).

    I'm fully prepared to say no if after having fully researched close enough alternatives that are just around the corner are $5-$9,000 less...

    There's a lot more I can do with that money in the mean-time...

    It's a tough choice, but it's good to know there are options...
  • Hi, I'm sorry to bug you again, but I need some hope here, s I'm also awaiting a Silver Pine package 2 and it's been almost 10 weeks and I'm still hanging in there, but as folks can see, I am getting ambivalent now and so it helps to hear from folks who have been through the wait line...the dealer tells me my 'number' hasn't changed for two weeks now...argh! :(

    I have three questions:

    1. Did you pay over MSRP?
    2. Did the car include any surprise/ add-ons that you needed to pay extra for?
    3. How do you like it so far?

    I start to read about the 2009 Fit and so forth, and I just don't know if this wait/cost is even worth it.

    Can you let us know what it's like for you now that you have it when you get some time?

    Any other new owners who waited a good long bit and feel it was well worth the wait AND-- did NOT pay over MSRP ?

    Thanks in advance to all who might be able to shed some light so I can keep this in perspective...
  • stevedebistevedebi LAPosts: 4,098
    "Six months or so ago I'd have agreed with you, but now Priuses are actually appreciating rather than depreciating. With gasoline very likely to go up, that Sentra will likely sell like an SUV five years from now. "

    I think this is a temporary trend. As these vehicles get closer to their Hybrid warranty expiration dates (8 or 10 years), a new owner with any sense will realize that a hybrid battery pack replacement may be in store. Note I said MAY be in store. Also, the Prius has a lot of electronics to break, and they are expensive to fix. And the vehicles won't work without those components. For example, if the main display goes out on the Prius, it won't work until fixed. If the DVD system (or other radio system) goes out on most vehicles, the car will still run.

    The other factor is that in 2-4 years, there are going to be LOTS of higher MPG vehicles competing, including more hybrids, PHEV, electric, diesels. The current market has been caught by high gas prices combined with most US auto makers not having viable high MPG alternatives. That is going to change quickly.
  • "The other factor is that in 2-4 years, there are going to be LOTS of higher MPG vehicles competing, including more hybrids, PHEV, electric, diesels. The current market has been caught by high gas prices combined with most US auto makers not having viable high MPG alternatives. That is going to change quickly."

    Yes--That's how I understand it now as well. And I'm sitting here, during this odd sort of in-between time, and not quite sure which way to turn..go with the expensive Prius, or get a decent enough much cheaper compact to hold the fort down over the next couple of years till this all evens out a bit more....I'm opting for the latter...

    Any thoughts?
  • bob104bob104 Posts: 94
    I bought an 08Touring#6 in Oct. for $2,000 below MSRP, $28,900 OTD in CA, with carpet mats ($200 retail).

    I called the same salesman, a very decent guy at Toyota of Santa Maria, (CA), and he said he could sell me a new 08 Prius for a few hundred below MSRP now but I'd have to wait about 6 weeks for the exact thing I wanted, less if I was willing to buy whatever he got sent. There's been a price increase of a few hundred since Oct.

    I love the Touring, 15,000 miles now, but it gets 42mpg instead of 44 for the Standard Prius. Consumer Reports thinks it's worth the extra $900 as it performs a bit better in accident avoidance and in braking distance. I wouldn't get it due to mpg trade-off and because the tires are much more expensive to replace, maybe $700-800 a set instead of about $400. Check for yourself. I drive my Touring very mildly so I get 45 mpg. If I had the Standard I'd be getting about 47-48mpg.
    Prius: roomy cabin, convenient and roomy trunk, nice interior, very quiet, great sound system (pkg #6), plenty enough pickup. Only down side is seats with limited adjustability.
  • bob104bob104 Posts: 94
    It sure looks like PHEVs will likely become the standard starting in MY 2010. I would guess that there will be a thrall to buy them too. But enough lithium battery to go 40 miles all-electric will add perhaps $7,000-10,000 to the price of a standard Prius. Plug-ins have very high battery expenditure, about 12-14 cents a mile.
    Meanwhile, conventional cars that get mpg in the 40s will be coming on strong too.
    I'd be tempted to wait. Maybe oil will pull back to $100/barrel and the Prius market will loosen up. There's a diminishing return on mpg: 20mpg=600gallonsperyear, 30mpg=400gpy, 40mpg=300gpy, 50mpg=240gpy, 60mpg=200gpy.
  • jrt101jrt101 Posts: 3
    I paid msrp plus tax for a package 6 this Tuesday. No talk of decals, floor mats or other nonsense. I was tempted to but an extended service plan but at 1995.00 I said no. My car has a decal on the rear bumper but I did not pay extra for it and it has rug/floor mats in it... no extra charges. I already have 550 miles on it and it is great. This is great technology... when people first see it they say it is ugly, too small and they can't believe that I bought it. When I show them the way it works and tell them it only used 10 gallons of gas in 500 miles... they change their tune. People do not want to like this car because it is different. I wish it was a bit more of a luxury car... but I love it.
  • On May 30th, I put $250 down on an OTD price of $25.393 (in writing) on an option #2. Today I received a call saying that my car is in, but, that the new price is $25, 994! Yikes! I know that I was already paying much more than I should, so for me this increase is not acceptable. I told them to honor the original price or return my deposit. By the way, the dealer is in the Poconos in Pennsylvania.
    The sales manager was explaining to me that this car has more options such as floor mats (which were already included in writing) and something about a decal ...
  • Hi, this is what I was promised a few days after your wait commenced--I got on the wait list with forking over a $500.00 fully refundable, no questions asked 'allocation fee' :

    Package #2 (MSRP: $24,309) Includes:
    ----Vehicle Stability Control; Backup Camera; Smart Key System; AM/FM CD w/6 Speakers, Aux Audio Input Miniplug, and MP3/WMA Playback Capability. Also Includes: Cruise Control, Heated Outside Mirrors; 15" Alloy Wheels with Trim Ring; Tonneau Cover; Seatback Pockets.

    This is without Taxes and DMV fees.

    So $25,994 OTD sounds about right in terms of the MSRP--actually sounds less than what I will be asked likely. (Mine will probably come to something like $27,000 or even $28,000 with all the taxes, etc).

    However, I'm not used to paying MSRP for any car, and I think there are some really nice compact competitors coming out--but it depends on how much driving you do and what you want--I agree with others who say that you need to test drive the competition and don't feel you must buy the Prius simply because you have been waiting (often folks feel like they should just get it because they've waiting--they feel sort of obligated or they're all psyched up for it).

    You have the right to change your mind. But most folks here do seem to love their Prius!

    Good luck with whatever you choose! :)
  • flagg2flagg2 Posts: 5
    OK, here is my scenario.

    I have a 2005 Package #6 Prius on a 48 month lease. The lease is due March 2009. Yes, I know I shouldn’t have leased it but at that time gas wasn’t quite $2 yet.

    The residual value (payoff) is $9750.

    I only have 44,000 miles on it and will be way under the mileage restriction of 15K/year.

    The Blue Book value on this car is around $21000 if selling to a private party.

    Is it possible for me to go ahead and buy it out early from Toyota and then turn around and sell it to a private party?

    I am not planning on getting another Toyota so going to the dealership and working out something for a new Toyota is not an option.
  • howachowac Posts: 52
    Wow! You are in a very good position with the high demand of Prius lately.

    You can definitely contact the bank and get a pay-off amount. Once you pay it off, the car is yours and you will be free to sell it for a profit. You don't have to involve the dealer at all. It's between you and the bank at this point.

    Hope this helps!
  • kyfdxkyfdx Posts: 119,727
    Just keep in mind.. you will have to pay sales tax, before you then sell it to someone else.. That will cut into your profit some..

    If you've still got 6 payments to go... figure another $2000 or so on the payoff.. It might be $12.5K by the time you get title to the car..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • aksnycaksnyc NYCPosts: 7
    Hi,

    Has anyone recently leased a Prius in the tri-state area ? Any ballparks on a low-mileage lease for a Touring with Package 3 ?

    Thanks,
    Aks
  • I am casually shopping for a package #2 prius. I'm not in a big hurry to buy, and I am willing to shop around for the best price. I have submitted requests for an online quote to the 4 major dealerships in my area (Santa Barbara, CA). One dealer offered me MSRP with tinted windows, my home town dealer offered me $300 off MSRP. I am still waiting to hear back from the other two. Does $24,149 seem like a fair price for a package #2 given current market conditions, or should I hold out for a better deal?
This discussion has been closed.