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## Comments

2A couple of questions:

(Invoice - $500 - Rebate) is considered the best price one could get. Does "Invoice" include holdback, financial reserve & TDA? I would think so. Right? Otherwise, how could a dealer go below invoice?!

Secondly, the dealer showed me that the rebate amount is just $1,250 whereas everyone else is talking about $1,500! She even printed out Toyota webpage for me. Or does $1,500 include financing-related rebate?

I will provide more details about how I went about buying it shortly.

Thanks,

11This dealer had every dealer I spoke to in CT stuttering at this deal..Not one would touch it..If you live in a 75 mile radius- they are hungry bc they just opened this megadealer and obviously are looking for unit sales not profitability... Im impressed...

72,58721241211824mlabq, "Toyota Sienna - Prices Paid & Buying Experience" #7517, 15 Jul 2007 11:07 am#7516

11Cool!

*($695 msrp-- figures not posted but basically when they pushed me on the resistall I blurted out that I would give them $300 for it-- he stated that this was at their cost and I assume the markup for basically a non service product (more like a warranty) is similar to that-- Ill use $300 as the cost)

72,58724I mentioned the $23500+destination ($685)number because I didn't think anybody would find it for less than that, but you certainly proved me wrong.

128David Maus Toyota in Orlando.

All internet negotiations. They came to the house to deliver the car and sign the paperwork.

Sienna XLE $31683 out the door with dual headrest DVD.

$2000 down inclusive of TTL

$488 per month for 48 months on a lease.

Residual Value is $14,410.00

Yes or no to the deal?

58They offered me this after some back and forth (which I walked away on as they wouldn't move anymore) -

LE #3 -

$25,735 (INCLUDES $2,000 rebate and INCLUDES the $695 SE Advertising Fee)

+ Doc + TTL

I was asking for $24,400 + Doc + TTL

Thoughts?

1TDA.....$500

Dealer Holdback...$530

Whsl Financial Reserve... $265

40TDA - 492

Dealer Holdback - 513

Fin Reserve - 256

This was told to me by a friend at the dealer whom I have know for a very long time. They told me these were not negotiable.

Anyone know anything about these charges?

92412007 TOYOTA SIENNA LE 7 PASSENGER

MSRP = $27,319

After the instant rebate and attached coupon

Internet Price = Only $22,785

Out of door price is $24,226. I am in MA. Is it a good price?

11Bob

29831) they are not flexible with offers

2) they don't care if they sell the car or not

3) tend to be the slimiest of all dealerships

look for other dealerships in your area

2411611624Sienna Price Comparator

51I didn't see an "attached" coupon. What coupon is this. WOuld you mind sending it?

Thanks.

622Your first statement...

"The model to calculate percentage uses TMV as the average and MSRP as the 2-sigma level."

makes no sense whatsoever. "MSRP as the 2-sigma level"??? Come on; that makes no sense.

Your second statement...

"That means that I suppose that 98% of people pay less than MSRP."

may or may not be true.

You're suggesting, on average, that the MSRP lies more than 2 standard deviations above the TVM. WOW, to say that the MSRP lies more than TWO standard deviations above the TVM is a real stretch and seems very unlikely! The TVM would have to be treated as a sample mean and not a population mean. We don't know the population mean.

The population standard deviation is also an unknown. A valid statistical sample would have to be taken (good luck finding valid data) and the mean and standard deviation computed. Then, we can use the law of large numbers coupled with the central limit theorem and use the sample mean as a point estimate for the population mean. If the two are indeed equal, then the sample mean is said to be an unbiased estimator of the population mean.

I'm not sure whether you're claiming that the TVM is the sample mean or the population mean. Because of the tremendous difficulty in getting an unbiased statistical sample, I doubt it's a valid sample mean and am certain it's not the population mean. Because we don't know the population standard deviation, we would need to use the sample standard deviation as an estimate and default to the t-distribution to draw inferences about the population as a whole.

You're inferring that 2.5% of all actual selling prices equal or exceed the MSRP (CL = 95%). If this, in fact, were true, then one would have sufficient statistical evidence to reject the fact that the TVM is the population mean at both the 5% and 10% levels of significance. This of course, assumes three things (1) that the null hypothesis is the population mean = TVM; (2) the alternative hypothesis is population mean doesn't equal the TVM; and (3) a valid random sample produced a sample mean that equaled or exceeded the MSRP. I don't know how or where you're going to obtain valid data to draw that conclusion.

It's important to recognize that TVM's aren't always accurate. I'm not sure of edmunds methodology surrounding the computation of TVM's. I'd be surprised if it came from a valid statistical sample. It may very well originate from a non-scientific survey.

I couldn't find your spreadsheet and so I can't comment.

John

Medina, Ohio