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Comments
I walked into the Toyota dealership knowing how much I wanted for my trade in, however I could not remember what the invoice or TMV for the Toyota Sienna XLE with package #7, however I was shooting for the 31,000 to 32,000 dollar range for the van. I had a pre-approval from my bank, and I knew how much I had to get for my trade in AND pay for the vehicle in order to make my payments reasonable.
I was trying to negotiate both prices separately...what I was going to receive for my trade in (a 2004 Honda Odyssey with leather and DVD) and how much I would pay for the Sienna. However they kept trying to throw both together and make me look solely at the monthly payment.
They eventually threw me off my game when I qualified for the 0% financing (something I wasn't expecting).
I totally forgot about the fact that they were not doing me any favors and once I qualified for the 0% that I was still in the drivers seat and could have negotiated prices down some more (I actually could have achieved my goal of keeping my payments the same or slightly higher than what I was currently paying).
The fact that I had my pregnant wife who was tired and heavy with child, as well as a grumpy tired two year old did not help either. I was not in a position to think straight and deal.
To make a long story short I paid about 2,000.00 more than the TMV (34,000 MSRP was 36,499.00) and I only got 16,300.00 for my trade in.
After I got home and saw the TMV I got some SERIOUS buyers remorse (especially after I realized a new improved Sienna was coming out in 2007!)However I am okay now.
The Sienna had all the features I wanted and I like the styling of the new Sienna and I like the smooth luxury ride as compared to the Honda. I know the Honda's handle better, but the traction control and VSC will keep you out of trouble even if you don't have as much fun on twisty windy roads (plus my wife always made me slow down anyway). I drove some twisty windy roads yesterday in the Prince William Forest Park near Quantico and the Sienna did okay.
I saved more than if I would have bought the 2007 Honda Odyssey with the interest rate my bank was giving me, and the Odyssey did not have all the features I wanted unless I bought the Limited which was out of my price range. The features I wanted were: trip computer with MPG, miles to empty, outside temperature, and the wood [yes I like the "fake cheesy wood"]).
-2000.00 REBATE (BOUGHT ON 12/4/06)
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$22309.00 SUB TOTAL (MN TAXES AFTER REBATE PRICE)
1450.09 SALES TAX@6.5%
50.00 DOC FEE
318.00 REG TAX +PLATE
3.50 PUBLIC SAFETY FEE
24.00 TRANSFER TAX, TITLE FEE
______________________________________
24154.59 OUT THE DOOR PRICE
All dealers around Twin cities quoated approximately 200-600 more
So here we go...
2006 Sienna LE Silver Pine Mica + Pkg #3 + Aftermarket Leather
OTD 27,800, 0% 60 Month financing. Present Value = $23,966
:shades:
Shopped 3 dealers. One wouldn't do after market leather and so I let the other two compete. Winner was willing to exchange with another dealer 100 miles away to get me the exact color I wanted and was still $300 under the best deal the other remaining dealer was willing to go.
My family has been looking at vans for the last month or so to replace the Subaru Forester we have on a 36 month lease with 8 months left to go,and we are way under the mileage.
We went to a local Toyota dealer last night,and finally test drove a Sienna which we liked.The dealer was pretty high pressure,and had us pllaying the monthly payment game.The worked out a deal for $379 a month on a Certified pre-owned 06 Sienna CE with option package#1 in Nautical blue w/2900 miles on it(it was a loaner car for them).We said okay with a little trepidation,put down a deposit,and returned tonight to work out the numbers,and such.They were offering the 0% financing even as a used car,but the price they were charging was too high.Let me know what you think.
MSRP was $25086 I believe when it was new,and according to Edmunds the Invoice is $22,5xx.They wanted to sell it to us at $23580 as a USED car which is $1000 over invoice NEW.Now I realize we would be getting a better warranty on the drivetrain as a certified car,but there is no way we are paying over new invoice for a used car.They would not budge,and they were insisting we come up with $1000 out of pocket to get the payments where we wanted.By my estimates using edmunds TMV the van is really worth in the neighborhood of $21k as a certified car,and they wanted 23.5K.As you can see we didn't do the deal,even with them willing to give us $14500 for the forester that has a payoff of $13200.
I told the guy that we could get a Kia for $20kish with my own financing which is 5.74%,and get the same powertrain warranty,and a better bumper-to-bumper for around teh same payments a month.Now granted we are paying more in interest,but less for the car with more options,and a better warranty.Now I know a Kia isn't a s quality as a Toyota.
What do you think?
Chris
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F.Y.I. - Following purchase was made in January-2006. One stop shop. Did not even test drove the car.
OTD = Out the door (including all taxes and fees).
Also, at that time 750 Cash back was available or 0% Financing.
In my opion prices are about 1500-2000 less outside or GulfStates.
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===============HOPE THIS HELPS TO TEXAS BUYER==========
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Thread#6290
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I paid 24K OTD. Sienna CE, 7 Seat, pkg#1. Houston, TX.
Most junk items included and those are
Win tint
Stipes
Winitch
Sealent
Door edge Guard.
Color - most selling one and I wanted
Only one stop shopping.
Chris -
I too negotiated a $24K for a basic CE, then I decided to go to LE. Keep in mind what you are buying is a new car, not a certified used car - regardless of what the dealership is telling you.
Bottomline is you should be able to get $23,500 OTD and you should finance all of it, that will save you another $4K in PV $.
roberg,
They told us the van was a Certified Pre-owned car with the 100k warranty,so I disagree that it is a new car.I know the miles are low,but still I am not paying much,if any over invoice for a van with 2900 miles on it.The van was titled to them before,and therefore not new.They also claimed they didn't have the invoice on it when I told them I knew it was $225xx give or take according to Edmunds.To insist they get more than at a minimum invoice is crazy.Do you agree?Also I have found another local dealer with an LE package#1 with 18k miles as a Certified car for $21xxx which seems like a better deal,because it is more van at a lower price.Granted it has a lot more miles,but the car seems to be a better deal.
The first dealer is still insisting on $23500,but without us coming up with the $1000 down.Still too much I think.
Thoughts?Feedback?
Chris
Listen, you REALLY need to consider the 0.0% financing, if you quality. OTD $24K is really $20,690 in present value dollars, so regardless of what you do if you are buying a 2006 you need to get the financing.
Going back to your first car, yes I think a couple hundred under invoice is good. Ask for $23.5 - 24K OTD and stick by it. If they say no, I am confident you can go out on Tuesday and find a new CE for that price. (Remember though, financing special ends tomorrow so you need to wrap this up by tomorrow)
We just found a 06 Certified LE 8 passenger with option package#1 at another better dealer local that has 18k miles on it,and a price of $21995 listed on their website.It is listed with 0% financing,and we plan to go look at it tomorrow(they weren't open today),and try to strike a deal.Edmunds values it at $22xxx as a pre-owned,so it looks like a pretty good deal even with the higher miles.Would buying an extended bumper-to-bumper warranty be worth it with a Toyota?I know the powertrain warranty is allready 100k,but the bumper to bumper is only the remainder of the 3/36 right?
Chris
$21139 vehicle price
+$45 doc prep fee
+465 surface protection ( we have a 2 year old, thought it wouldn't be a bad idea)
+$1677 sales tax in southern CA
+$28 DMV electronic filing fee
+213.75 TTL
----------------
Out the door $23568.55. With 0% financing
The lowest internet quote we got from two dealerships in San Diego was $23700 plus TTL.
When we arrived to the first one they said that the vehicle quoted was in the shop but that they had others for a "bit" more.
Left the place disgusted by the "technique" and went to the second dealership where after having us fill all the paperwork they refused to honor the written quote by saying that it was a mistake and couldn't go that low. :mad:
I will be happy to provide the names of these 2 people to avoid if anybody is looking in the San Diego area.
Things really happen for a reason though. The next day we got a better price and great service at a dealership in Hemet, CA ( NE of Temecula). Although we had to keep our trade in because the amount offered was unacceptable
I love this minivan. :shades:
Is the surface protection worth it?
XLE Pkg #9 (dvd system, heated seats, 2 outlets, nav system, 4 cd disc change, sunshades, power moon roof)
Capet Mats
It is blue mirage metallic with stone leathe interior, wood gain, etc.
Here's the quote:
Sales Price $32599.82
Rebate (2,000.00)
Tax (3%) 917.99
Tags 89.00
Doc Fee 399.00
---------------------
OTD (?) $32,005.81
Concerns:
TMV says invoice is 31727 dealer says invoice is 32659.03 will check out today at dealership.
Also has 942 miles on it - was driven to dealer from another state.
I think this is a good deal but I am hesitant. Based on my comparison I would be paying 715.82 over TMV which doesn't seem bad??
Dealer Sales Price TMV Price
32599.82 31884.00
-2000.00 -2000.00
20599.82 29884.00
What do you think?
We just worked out a deal at another local dealer that was much more friendly.It is an 06 LE 8 pass certified pre-owned with 17000 miles on the clock,and option package #1 in a blueish grey color.The sale price of the van is $21495,and they are giving us what we owe on the Subaru we are leasing as a trade-in.What we need to do now is determine how much we want to,or can afford to put down to determine the payments.The financing is 0% for 60 months on this as well.
My question is should we wrap the sales tax,and reg fees into the financing,and also should we opt for the wrap-around bumper-to-bumper coverage they are offering to us to bring the warranty in-line with the certified pre-owned powertrain coverage?Is it worth buying a extended warranty with a toyota?Is $1200ish too high to buy this coverage?Thanks in advance,and oh yeah what do you think of our deal?
Chris
I have a quote fo a new 2006 Sienna XLE AWD with the following options installed:
XLE Pkg #9 (dvd system, heated seats, 2 outlets, nav system, 4 cd disc change, sunshades, power moon roof)
Capet Mats
It is blue mirage metallic with stone leathe interior, wood gain, etc.
Here's the quote:
Sales Price $32599.82
Rebate (2,000.00)
Tax (3%) 917.99
Tags 89.00
Doc Fee 399.00
---------------------
OTD (?) $32,005.81
Concerns:
TMV says invoice is 31727 dealer says invoice is 32659.03 will check out today at dealership.
Also has 942 miles on it - was driven to dealer from another state.
I think this is a good deal but I am hesitant. Based on my comparison I would be paying 715.82 over TMV which doesn't seem bad??
Dealer Sales Price TMV Price
32599.82 31884.00
-2000.00 -2000.00
30599.82 29884.00
What do you think?
Where is this dealer located ?? Looks like a good deal. If you can get him to TMV price, that would be great. Pls. share the dealer details as I am looking for one too.
Waiting for your reply..thanks
The dealership is Bobby Murray Toyota in Rocky Mount NC but I would advise (my opinion only) to steer clear.
The salesperson presented us with an EXL that DID NOT contain the dvd/nav package that was listed as part of the installed optional features on their website. The only option installed was leather seats. He and his sales manager then commenced to become agitated with us when we immediately informed them of the "missing" options. They then blamed Toyota and stated that Toyota erroneously listed the features on their dealer website. Never mind the 2 minutes it would have taken the internet salesperson to walk to the vehicle on the lot and verify the features of the model that he produced a quote for. They then offered two free tanks of gas for the trip over and the hassle HOWEVER they withdrew the offer when they could not convince us to purchase another vehicle with the features for 4k more and wait for transfer.
To sum it all up - they were rude, refused to accept responsiblity for the content on their websited (insisting that we need to call Toyota because it was their fault), and dismissive when they realized that we were educated buyers.
I did make a compaint to Toyota Customer Relations but don't expect it to go anywhere since they send the complaint back to the dealer. Toyota did however state that they DO NOT control the content of their dealer's websites.
We did however purchase from Marc Jacobson Toyota in Durham, NC. In the end we purchased a '06 Limited that was fully loaded with every feature (nav, dvd, light kit?, power 3rd row, etc) for 36k.
This lines up with the kbb value and we won't have the 900 miles to contend with that were already on the "deal" that we set out to purchase.
I do think Toyota should have more control over the dealers who sell their product. We have experienced more than one episode of rude and arrogant salespersons at the various Toyota dealerships that we have shopped. Our opinion: Good product + bad salesforce.
Your price sounds really good to me. What does surface protection cover? Consumer Reports says rustproofing, fabric protection, paint protectant, or VIN etching are not necessary. (see below)
I just got a similar quote for $24,500 with carpet floor and auto-dimming mirror options in Phoenix, AZ for a 2006 Sienna LE 7 passenger with package #2. With 0% financing for 60 months.
Another one is a base model for $24K.
Can you share how you managed to get $21,139 for the final price? What was their first quote and what was your first offer? And what color do you have?
Edmund's TMV for package 2 would be $23,624 + $832 = $ 24,456. Carsdirect invoice is $24,697
Congrats and thank you.
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Consumer Reports advice on buying unnecessary extras.
Dealerships often try to sell you extras that boost their profit margin but are a waste of you money. They can include rustproofing, fabric protection, paint protectant, or VIN etching, in which the vehicle identification number is etched onto the windows to deter thieves. Don't accept those unnecessary services and fees. If you see those items on the bill of sale and you haven't agreed to them, simply cross them out and refuse to pay for them. Vehicle bodies are already coated to protect against rust. And recent CR reliability surveys show that rust is not a major problem with modern cars. You can treat upholstery and apply paint protectant yourself with good off-the-shelf products that cost only a few dollars. If you decide you want VIN etching, you can buy a kit to do it yourself for less than $25, instead of the $200 that some dealerships charge. Also think twice about an extended warranty. It can cost hundreds of dollars. But if you buy a model with good reliability or if you expect to have the vehicle only for five years or less, it often isn't worth the cost.
How did you negotiate a price that low....
Thanks
Thanks
Here are the details of our deal...
2006 Sienna LE 2wd/7 Passenger
White/Stone Cloth Interior
Pk #6
Carpet Floor Mats
Door Sill Protector
MSRP: $30949.
INV: $27790.
Cars Direct Price: $27555 (as of 1/06/07)
KBB Price: $27785. (w/o Floor Mats)
TMV Price: $27582.
Price Paid: $27190
Tax/Lic/DMV: $29603. - 0% 60 Months
We had a lower bid from another Dealership but we went with this deal as they could get the car the same day. It was the only one left in Northern California with the color combo/option package we wanted.
Hope this helps out anyone looking in the SF Bay Area!
Here are the price & buying experience details of our deal:
1. PRICE
2006 Sienna LE 2wd/7 Passenger , Slate Metallic
White/Stone Cloth Interior
Pk #2
Carpet Floor Mats
Door Sill Protector
Auto Dim Mirror
Cargo Net
MSRP: $30949.
TMV Price: $24838.
Price Paid: $24418 + $62 tinting for front windows (allowed in AZ)
Premium Warranty 7years/100Kmiles/0 deductible $983
Declined the Gap Insurance. (Might check with my insurance provider)
Tax/Lic/DMV: $28829. - 0% 60 Months
The base model price w/o options ($23,230) is similar to what my sister got in the Bay area late December so I think it is quite a good deal.
I'm not so sure about the Toyota Premium warranty. Is the premium warranty too expensive? I was ready to get the one that is refundable if not used for 6 years/100K b/w $850 to $1100 as recommended in this thread but the finance person said this one is not refundable if not used. It is still pro-rated if cancelled and has a cancel clause with $25 fee within 30 days. He also said the refundable one is not provided by Toyota. Can I get a much better deal?
2. Buying Experience
I agree with other members that getting quotes from the Edmunds/CarsDirect/website through the Internet Managers/Fleet is the way to go. It saves you time and gas driving around to the dealers. I informed them that I was looking for the closest quote to $500 under the TMV number.
From the 6-8 dealers that responded, only two were very friendly and willing to work with you. The others only gave their lowest quotes which were far below the first two. I went with Big Two because their Internet manager (JN) was very accommodating, patient, friendly, and helpful in deciding our options. I would absolutely recommend working with him to others.
Thank you for tanker and other members who helped me in knowing what to look for when buying our SiennaLE7. My wife and I love the Slate Metallic. It keeps us guessing if it's blue or gray
Scott Bolin INternet Sales Rep.
I highly recommend them. NO BS
See my prior post for Dec. purchase for specifics
Been dealing with several local dealers and they are not willing to get below $25,000 + TTL and 0% on an LE.
Thanks in advance.
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Share your vehicle reviews
If you are not paying Cash then I think your price is reasonable for 2007 LE. Ask for some free add ons if they don't want to reduce price. E.g. alloy wheels, mats, extra mile options etc. Your price comes around 26775 OTD with 0% that means you are paying about 1500 for interest as oppose to CASH.
Finally, best I would say pay 26500.00 with 0% fin and get the deal over and enjoy the car. I bet 100% they will call you this Saturday to sell you one.
IMO - I don't enjoy dealing with TOYOTA dealers and each car with different options.
LAST THING: Do you like HONDA ODYSSEY? There is a big difference in driving ODYSSEY vs SIENNA. ODYSSEY runs extremely smooth vs SIENNA. Especially turning, accelerating etc. Too bad for them who can't control the POWER and HIT the other vehicle in the front of them. However, TOYOTA's engine are the best.
Good luck and also check:
1. http://www.automallusa.net/01/toyota/recalls.html
2. EDMUNDS TMV means pay that price including all charges and don't be fooled by dealers to pay over TMV no matter what edmunds says.
3. If you can buy car in East coast then buy there, fly and drive it. http://www.fitzmall.com
Since I got such great advice reading all the emails I thought I would post my buying experience. I wanted a 2006 Sienna Limited AWD with NAV. I live in Chicago and I emailed 27 dealers from Indiana all the way to Wisconsin. I got 9 replies with cars that matched. The car has a 43K MSRP and the prices ranged from $36,989 up to $37,900. I then emailed back the responders and waited for the best price which ended up being the 36,989 with the 0% for 60months. Actually they had 2 in stock and my friend ended up buying the other one. I had a great experience at Fox Lake, IL Toyota. It was a 90 minute drive but the internet salesperson was straight forward and honest. Everything was done by email and I was in and out of the dealer in an hour. I did not have a trade-in. I took the 7yr/100k Platinum warranty. I brought in emails from www.siennaclub.org forum showing people getting it for about $850 from a dealer out East. They matched it +$50 so I just signed with them. Good lunch everyone.
-juice
-juice
I just bought Sienna & sales person sold me 7yr/100k very expensive ($1360). Could you please email me your dealer's info. I would like to return my extended warrenty back to my dealer & buy it from your dealer.
I many times wonder why dealers are willing to give away cars under invoice...no wonder why !!!
Thanks,
Steve
(emailtapan01@yahoo.com)
It is emailtapan@yahoo.com
Hi,
I just bought Sienna & sales person sold me 7yr/100k very expensive ($1360). Could you please email me your dealer's info. I would like to return my extended warrenty back to my dealer & buy it from your dealer.
I many times wonder why dealers are willing to give away cars under invoice...no wonder why !!!
Thanks,
Steve
(emailtapan01@yahoo.com)
-juice
-juice
I'm thinking to expand my horizon to Chicago or Washington, DC. I'm wondering which of these two places would have better selection and price. As I've to drive there, I want to decide within a day or so and get delivery. I have seen good prices at fitzmall and carmax... about $400 below invoice that includes $500 rebate.
I think you can expand your search area without driving 8 hours...
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Thanks,