Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
As for warranties, I'm sure there's a totally separate thread for this topic, while this is a personal decision, the odds are stacked in favor of the house (i.e. the dealer/factory). These contracts are very expensive, and one of the biggest profit centers for a dealer. They look even more expensive when you factor in the time value of money or opportunity costs here. You're essentially paying now for something that MAY provide some benefit more than 3 years from now. It is not comparable to something like life insurance (as previous post alluded) in terms of the cost v. benefit. Even reputable 3rd parties like Consumer Reports advise against these. Remember, you're buying a Toyota, which generally has a good rep for long term quality, not a VW Jetta or some other lemon. FYI, I have 2 other Toyotas with over 120K miles each and they're still going!
And regarding magesh's question above about why dealers don't offer the extended warranty only after the factory warranty expires instead of upfront like they typically do at point of sale, there is a good reason for that. Simply, a customer is more likely to make an impulse purchase upfront when bundled with something else. This is textbook consumer behavior. You're less likely to make that warranty purchase once you walk out the door. Also, if they only offered the warranty after the factory one expired, the company would be subject to adverse selection (i.e. mostly people who need the warranty [due to repair-prone car, etc] would buy at that time), which would drive up the costs to everyone.
Paint protection? Really? :confuse:
Just trying to help. I have a lot of experience negotiating with these folks over the years, so I hope some of this is helpful and keeps more money in your pocket as opposed to their's.
Using overstocked.com price on a 4x4 Platinum lists retail for 60,355 invoice is
$55,381and true cost $53,745. List price $55,381 minus $1000 =$54,381
$54,381 minus true cost 53,745 =$ 636.0 or profit made on the deal for Toyota
and the dealership.
Congratulations to anyone who can negoiate a deal this good.
So, how much value has been lost with the quality/safety issues- seems like anyone wanting a new Toy should be able to buy very low??
I suspect the quality/ safety issue may bring the price down even more depending opon the amount of unsold inventories for this model. The inventories for this model were low before the last round of recalls so only time will tell how this affects the inventory level.
Do you have any second thoughts about buying the vehicle due to the recent recall on this model ?
That's not too bad out the door, though not great (just my opinion though). Granted, I bough my Sequoia LTD just over a year ago, but that said, given all of the "issues" Toyota is having lately, I'd think they'd be awfully hungry to make deals. Nobody is buying Toyotas.
I was able to buy my LTD for $1000 below invoice period. The only "extras" I paid was a doc/DMV fee at the dealer (which was maybe around 200 bucks?) - plus sales tax -- that was it.
If your current dealership won't move, then you can always try another (assuming you live in a major metro area).
Also, the red rock interior is pretty cool, so if you're mind is set on that and they're able to get it for you, then don't let me get in the way of your happiness.
Lastly, have you tried speaking to the "Internet Manager" at a competing dealership? You could tell him/her that you're ready to buy now and will buy from him/her TODAY if he can give you the truck for $XX.
Free Lifetime"
Free Oil changes for life
Guaranteed engine for life
Free 24 hour roadside assistance within 50 miles of the dealership for life
Free pickup and delivery of my vehicle with a scheduled appointment for life (pickup and delivery must be within 50 miles of the dealership)
Free loaner vehicle for life whenever I have a scheduled service
10% of all service and accessories get store away and credited toward my next vehicle (up to $2500 can be used toward my next vehicle)
Parts and service guaranteed for life
and a couple of other smalll items. You just don't get these types of benefits from every dealership. However, this family of dealerships gives all this stuff free of charge as part of the sale. If Toyota rejects it again, I'll more than likely wait until March 1st to get a 2010 Limited off the lot. Hopefully, they'll have some incentives in place starting in March. We'll see!!!
I do have a question for you. You stated you were able to get you LTD for $1000 below invoice plus Tax. If you don't mind, what was invoice or what price did you pay prior to TTL? Please fill me in. Perhaps I can be a bit more agressive in getting my price decreased especially with all the quality issues.
Mfg Base Price:
Total Factory Installed Options:
Total Locally Installed Options:
Delivery/Processing/Handling:
T.M.F.:
T.A.F.:
Base Vehicle Holdback:
PIO Holdback:
Dealer Added Options:
Fleet Price Protection:
1% Financial Reserve MSRP:
Fleet Credit:
Pricing Totals:
I found this today on Bloomburg.com.
http://www.bloomberg.com/apps/news?pid=20601080&sid=aM5z4iMAT.oY
The article stated something like, "Ideas being considered include warranties of as long as 10 years and rebates of thousands of dollars per vehicle that would start in March, said three executives from retailer groups with Toyota franchises. They declined to be identified because the discussions are private."
It must come from the factory with the NEW version of the accelerator.
It must NOT have the Navigation system included (All new Limited Sequoias are being built with Navigation and I don't particularly care for those navigation systems. My portable unit works just fine and I get lifetime traffic information for free just like the toyota unit. Also, the only thing you lose when removing the the Toyota navigation system is Navigation and Backup camera. However, the limited still comes with a Backup Camera as part of your Rearview mirror; it just smaller than the 7" Navigation screen. For a savings of $1250+ and portability of my current nav system, I can deal with a smaller screen.
On the flip side I can get a new 2010 Armada Platinum for ~$42,500. This includes Nissan cash and a supplier discount. I like the Sequoia better for a lot of reasons ... but not 8,000 reasons. I do hope Toyota gets in the game with cash incentives.
I'll keep you posted as to what we decide.
I believe invoice on my LTD was just over $46K. Again, no Nav on this truck, but had a couple extras like the automatic tailgate (can open/close from remote), factory-installed remote start (not after-mkt or dealer-installed), and upgraded all-weather floor mats (the heavy duty rubber ones you can hose down).
BTW, I'm in NY metro area if that helps. Not sure how deals vary by region.
Lastly, when I bought, I got a $3K factory cash-back incentive (in addition to the discount to invoice). Pretty sweet. I think my total cost out the door, net of rebate and including tax was just over $46k.
ORLANDO, Florida (Reuters) – Toyota Motor Corp (7203.T) is considering increased incentives and an extended warranty program to combat consumer concerns about a deepening product safety crisis, a source briefed on still-developing plans said on Sunday.
Toyota, reeling from its largest recall in history, is discussing a range of options with its U.S. dealers to support sales, including $1,000 in addition to the current $1,000 in cash incentives to returning Toyota customers, the source told Reuters.
Toyota's current $1,000 in "loyalty" bonus matches incentives offered by General Motors Co (GM.UL), Ford Motor Co (F.N), Chrysler and Hyundai Motor Co (005380.KS) to lure Toyota customers.
Other options Toyota is considering include a free maintenance program -- such as oil changes and regular mile services -- and a new warranty program that at least matches Hyundai's market-leading 10-year, 100,000-mile powertrain warranty, the source said.
Complete article is here:
http://news.yahoo.com/s/nm/20100214/bs_nm/us_toyota_incentive_1
who has a 2006 Avalon Limited. No problems at all, hell I haven't even scheduled the recall yet. Today I hear the rental car market is pulling the plug on toyota and the resale market is being irrepairably damaged.....They have a loyal customer here, but a GMC denali with all the deals is getting hard to turn down..What are they thinking....I've been waiting for 4 months for something....the last plan, 3-36 at 0% didn't cut it for me............
I see where you're coming from but I don't think Toyota was actually bragging in the memo. Call me gullable... They may have discussed this by way of the "memo" to include commenting on the savings. To a large extent, I believe they put quantity over quality but I have to question how many of these reported incidents are Toyota's fault and how many are hoaxes. Believe me, I'm concerned but I'm trying to way all sides of the equation before dismissing Toyota altogether. I've been looking at the Sequoia for about 5 years and finally pulled the trigger on making a deal a few weeks ago. I've since then questioned whether I should move forward with my purchase because my KIDS are my prize possesions and I don't want to put them at risk.
We've heard of Braking, Steering and Acceleration Issues with regard to the recent toyota recalls. These are the highest priority aspects of DRIVING. The question is, how valid are these concerns. At the same time, is the American government biased against Toyota because the government has stock in the American Auto Manufacturers. Think about it, the more our Government can get Toyota owners to turn against Toyota, the more likely a person is to buy AMERICAN. Think about the extra discounts Toyota Owners are getting when if they BUY AMERICAN. Ultimately, Toyota does appear to have delayed dealing with "reported issues". I believe this was done in the name of GREED from the perspective of "BEING #1" but not from the perspective of "NOT CARING". Toyota will undoubtedly suffer from this. My intent is to capitalize of the situation. More Specifically, I intend to monitor its stock pricing. Once it appears to stabilize at a lower number, I will purchase a bit of it and let it sit for a few years because TOYOTA will undoubtably be back and its stock will get back to above 100 per share. I'm hoping it continues to drop so I can move into a position to buy.
Back to the topic at hand. I'm still considering a Sequoia because the other vehicles out there in the same price range don't really impress me. Case an point, I believe you mentioned the Denali in a previous posting. That triggered me to go take a look at the Denali. It's price point is a bit higher than the Sequoia but it was still worth a look. I went to the dealership and it took me to flag a salesman down after 15 minutes of being there before they even noticed me. Then the salesman who did come over seemed not to interested in showing me the vehicle and didn't seem to care whether I wanted the short or long version. He grabbed the keys for the Denali XL. It definitely looks nice. However, when I pressed the but to "Power fold" the 2nd row passenger seat, it didn't work. The back of the seat folded down but the bottom didn't flip up as designed. While not a breaking, steering or acceleration issue, its a brand new vehicle on the lot with a noticeable issue. THis was NOT a showroom vehicle that may have gotten abused either. This was completely NEW. Anyway, I left with a not so good taste in my mouth. I didn't even get a chance to test drive it. Again, it didn't seem like the salesman was too enthusiastic about showing it to me. I may go back just to give it a test drive but again, the power seat bothers me because it begs the question "How much will fixing it cost if it breaks after expiration of the warranty?
I've been looking at fully loaded used 2008 Platinum CPO's and range seems to be between $47K - $52K. A dealer has a 2010 Demo Platinum with a CPO for $49.9K. But it does have 24K miles on it. Claims the GM's wife drove it back and forth between cities as a commuter car.
I won't pay $49.9K, but if the price got into the $46-$48 range I'm might think about it. What's the difference between a used 2008 with 24K miles vs. a demo 2010 with 24K miles? Seems like if the price is close the 2010 is maybe a better deal because you have 2 more years on the 7yr/100,000miles CPO warranty.
Thoughts?
The internet price is $49.9K before taxes/tag, etc. No idea how low they would be willing to go given there are used 2008 models with the same mileage going for $48K+.
Might give it a day or two and then go back with a firm offer. Agree that I want to give them my absolute price and not get into a haggling situation. I have no problem walking away. There is always another car around the next corner.
You win. My patience has expired and necessity dictates that I purchase a new car now. I had high hopes that a tarnished brand and declining sales would result in cash incentives but they have not ... Instead I see you have opted to spend your money on slick advertising campaigns designed to tug at the heart strings of America. And while I understand that some American jobs depend on Toyota sales, I also understand that American safety depends upon a quality product. So while past consumer loyalty may have made you the #1 car brand in America, your arrogance will take it away.
Best of Luck,
Joe Public
PS: Mr. Nissan wanted me to personally thank you. I'll be driving home in his Armada on Friday and I couldn't be happier.
mynew - We moved from a Yukon to Seq last Dec - we would probably be in a new Yukon if they had automatic rear seats - getting too old to lug those things in and out and I wasn't impressed with the Ford alternative.
On a side note I love this SUV. With the air ride system this thing rides great and turns on a dime, although it is a little thirsty. I'm using this Sequoia to replace my beloved 2003 Chevy Avalanche which was the best truck I've ever owned. It had 172000 miles on it and I plan on putting over 200 K on this new Sequoia as my mobile office.
I was dealing with Fred Haas and ended up really disappointed. It was the classic "I brought my car in for service but let me go talk to the sales guy while I am waiting" mistake. Ended up with a "deal" on a 4.6L SR5 for ,$39,600 that they were going to have to trade from another dealership. And they offered me $15.5K on my Tundra that I had an offer for $17K on from car max. While we were sitting there as the sales guy did the standard 45 minute intervals at the manager stand, I started my internet search. I even had their own internet sales dept quote the same vehicle and for almost $1000 less. They still would not budge. On the other hand, my deal in San Antonio consisted of 3 emails back and forth , 2 phone calls and about 45 minutes in the fleet managers office. The fleet manager even offered to pick me up at the airport when I arrived in San Antonio. So my lessons learned are, start with USAA and look further away from home.
I gave the dealer a $500 .00 deposit with a signed contract on the agreed to price to special order the vehicle. The price paid was $730 .00 over invoice which was obtained using overstocked.com cars. I had two New Jersey dealers competing for the sale offering the same deal
The price from the New Jersey dealer was 556.00 dollars less and I sold my 2001 Sequoia privately for $1300.00 more than what was offered by the Fla dealer.
I flew up to New Jersey for $130.00 and was picked up by my brother in law. We drove to the dealership picked up the vehicle. Everything went smooth and I was able to visit with relatives over the weekend driving home a couple days later.
I really like the vehicle and enjoyed the drive back to Fla
No regrets I would do it all over again the vehicle has been perfect a real joy to drive. This is my second Sequoia so I knew what to expect as the first one was fantastic and problem free. This one rides better and handles better than my first Sequoia. Great vehicle
Thanks.
My question is:
Is it reasonable to ask $4000 discount out of $41,000 MSRP? that is about 10% discount. No financing from the dealer.
My wife purchased a Benz E350 at the end of June and the negotiation took less than 30 min because I printed out the purchasing price information from Benz message board and it really helped. When I gave the print-out to the sale person, we quickly set the discount as $5000 out of MSRP $55,900, which was in the middle ground of $4000 - $6000 discount posted. I hope to have a same experience to buy Sequoia
c550: you got almost $4000 discount off the stick price, so ask 10% discount is not unreasonable.
It is surprising that people travel to other cities to get the deal. With children around, it is even hard for me to go to a local dealer. I have not visited any dealer yet. Friend has one and it drives and rides good. Will see a dealer soon.
Again thank you both for your responses.
Forgot one thing, do you mind telling which dealership you bought your car?
Thanks
Thanks for the post. In fact went to a local dealer and took the print out of posts here with me. To my surprise, this time the print-out did not work at all. They only gave $1800 discount. When I showed the sale person your post, he said you bought 2009 year model. Left without agrument. Clearly told the sale person I would not come if there was no $4000 discount.
Would you please give me the contact information of your sale person to me: yu101us at yahoo.com?
I will certainly contact the sale person for information.
I am not in despair to buy a car now, but would buy if there is a good discount. You really had a great deal.
Thanks
In fact I am not in a hurry to buy the car and can wait until the end of the year. SR5 4.6 will be fine. I went over your post and also checked website of Cavender Toyota at San Antonia. Did not find the color my children like (black). Without Incentive or rebate, I think most dealers would only give around $2000 discount for a SR5 basic model. So probably the best time is to wait until Toyota has incentive or rebate.
I've been waiting for a year for some kind of break. Nothing so far has been offered on the Sequoias but the Tundra is being pushed in our area (NC) with low or no interest.