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2004-2009 Toyota Prius Prices Paid and Buying Experience
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A $1,500 discount is a good selling price for this car. I remember not that long ago when dealers couldn't get enough of them and consumers would jump at the chance to get one for full MSRP. I have seen other community members report getting one for fairly close to dealer invoice, so it wouldn't hurt to shop around a little more. Whether you are able to get a lower price than this will depend upon the level of competition in your area.
Car_man
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Car_man
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Enough said.
YES, I am in the Chicago group. Dealer did say the M.F. was .00055.
HERE WE GO: Prius Touring Model with package #3
MSRP - 23,070 INV - 21,171
PKG#3 2,705 INV - 2,138
TRANS - 620 620
TOTAL - 26,395 23,929 $24,929 $1,000 over INV.
LOOKING FOR $1,000 OVER INVOICE PRICE PER MONTH 24 and 36
Offer good on 2007 Prius 5-Door Liftback Model 1224 – ECVT transmission, vehicle skid control, backup camera, smart key system,AM/FM/CD changer/MP3 with 6 speakers, carpeted floor mats and cargo mat, rear bumper appliqué, and more! $259/Mo. – 36 Month Lease. $1,999 due at lease signing. Includes $1,190 Customer Down Payment + First Month’s Payment/$259 + Acquisition Fee/$550. $300 security deposit waived to qualified buyers subject to approved credit through Toyota Financial Services. Good on Tier I PLUS only. 36-month payments total $9,324 – excludes state and local taxes, tags, registration and title, insurance, and dealer charges. Lease Factor .00024. Closed-End Lease. Lease-end purchase option $12,990. The manufacturer’s suggested retail price for the 2007 Prius 5-Door Liftback Model 1224 is $24,234. Includes destination charge, but excludes state and local taxes, tags, registration and title, insurance, and dealer charges. Adjusted Capitalized Cost is $22,011 based on dealer participation. Other options and dealer charges extra. Lessee may be charged for excessive wear based on Toyota Financial Services/Toyota Lease Trust (TLT MI & OH) standards for normal use and for mileage in excess of 36,000 miles at the rate of $0.15 per mile (low mileage lease). Your payment may vary depending on final price. Tax credit limited to new purchases only. Used vehicles sales and leased vehicles are not eligible to claim tax credit. Amount of tax credit is subject to IRS regulations in effect at the time of purchase and change subject to changes in applicable Federal Tax Laws. Delivery must be taken from new 2007 dealer stock by 2/28/07 and is subject to availability. Available to qualified customers through Toyota Financial Services. Effective 02/01/02 Ohio requires sales tax to be collected at lease inception. Individual dealer prices may vary. See participating dealers for details.
Is this a good deal? Do you think I should negotiate the price even lower?
Thank you for your input.
I've recently started reading all of these great posts since I began researching the 2007 Prius Touring Edition.
I live in PA and want a 2007 Prius Touring in Package #6. My color preferences are Magnetic Gray or Classic Silver. Unfortunately, I've confirmed through several local dealers that there are simply no such models/combo packages available anywhere in the Central Atlantic district (5 states of PA, MD, VA, W. VA & DE). However, this model/combo is currently available at several Mid-West toyo dealers (in IL, IN & WI).
I'm in current serious discussions with Grossinger Toyota North in the Chicago area. They've told me that the invoice on this specific model ('07 touring, package #6, magnetic gray) is $27, 186. They're offering me the car for $27,400. I've asked them to throw in a cargo net and some all-weather prius floor mats. They're willing to split the all-weather mats ($98 dealer cost divided by 2).
So, we're looking at $27,400 plus $49 (all-weather mats) + $58 doc. prep fees + $10 "drive-away" fee for temp tags =
$27,517. I will need to pay the PA sales tax (6%) and registration fees back home.
I've done extensive on-line research. I would love to get this car either at invoive or below invoice, but I just don't see it happening (although demand may be off now, it's still a new '07, touring edition is hard to find, etc).
So, can anyone from the ChicagoLand area tell me if this is a "fair and reasonable" price ??? Or, can anyone generally tell me if I can do better on this specific model & trim line?? Do you think there is anything else that I'm either leaving on the table or that I can get the dealer to throw-in ??? FYI ... I'm not interested in purchasing the extended wty right now. I can do that within the next 3 yrs / 36K miles.
Your thoughts and suggestions are extremely appreciated
Josh
Earlier posting praised City Toyota in Daly City has a great internet manager, I must say he is very responsive and give the best price! Broadway downtown toyota's internet manager is very good too....
Hope this info helps!
I am still wondering if I should get the extended warranty??
Car_man
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Car_man
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Thank you to this forum for helping us get a price we're happy with!
...to the "paint protection," "rust protection," "seat protection," a "special alarm system," extended warranty (you can get it on your own at a far lower price), etc.
I know it can be difficult, but you can do it!
Richard :shades:
Claire Olsen-Ramirez is their internet sales manager, and she's terrific to work with. She found me the color I wanted from another dealer so I can pick it up tomorrow. It took almost an hour to get the last $200 off, but they finally agreed.
Also, Jim Barkley Toyota in Asheville, NC has no haggle pricing for just a few dollars more than that ($22,498 plus tax plus $85 tag = $23,258 out the door). Ask if their finance department charges a loan fee, though.
BTW, the forum moderators have no problem with us mentioning a particular dealership that served us well but they would prefer we not post specific names of the folks that served us.
I am in the middle of negotiating with a couple of LV dealerships on a 2007 Touring Package #2 with Floor Mats.
1. 23910 OTD (not including tax but all other doc fees)
2. 24348 OTD (not including tax but all other doc fees)
- this also includes alarm, tinting.
Are these reasonable prices? Seems a bit expensive.
thanks.
OTD (including $45 doc fee, 8.5% tax & CA license) was $22,569-$400 recent college grad rebate. At 0%for 24months with $2500 down my payments are still under $850. Purchase experience was great at Downtown Oakland Toyota with my Internet salesperson (but he said not to expect this kind of deal on a normal day, was kind of a end of the month, low sales, special!) The finance guy did try the hard sale on the extended warranty and pre-paid maintenance but backed off once I told him it was under a grand for the 7/100 platinum from other dealer reps (plus you can purchase right before the standard warranty runs out) and that no way 5yrs/50K miles of service could cost over $2K as the the prius is fairly low maintenance. I also had to have him re-print out the sales contract after he tried to sneak in a ~$180 theft deterrent charge (not exactly sure what that was going to be about but there was a place for it on the standard CA new car contract). I had called or emailed about 10 dealers in the bay area.
Misc. tips I gathered;
The closest, Fremont Toyota, seemed like total d*cks. I came in asking about priuses, and the sales guy I got knew very little about them. He didn't talk much at all during the test drive and was not too social. Besides they only had 6 or 7 in stock (supposedly the biggest Toy dealer in northern cal?) and most had dealer options like $3,000 leather or a $3,000 moonroof added.... I noticed Piercy in San Jose and Melody on the peninsula and the walnut creek dealers were offering $2500 off but only had package 4 or above in stock. Berkeley Toyota had $2,000 off any in stock, but the Internet sales guy claimed he was the #1 prius dealer in the area but had never seen a base prius at a dealer without packages and that a base 2007 would have no side airbags so I avoided them even though they had lots of HGs (package 2) for $2K off. I got various quotes from a few other bay area dealer (walnut creek again, marin toyota, daly city, dublin) and all seemed similar with $1600-2000 off HGs but less off base models if they had any in stock. Sunnyvale Toyota claimed they would match other deals but the sales guy just laughed when I asked for the $2500 off that other dealers advertised. Personally I think on a package 6 you could probably find places offering a tad over $3K off these days, $2500 is decent for a #5 or #4 and $2K off a #2. Never saw any #1 or #3s here in CA. All had $199 floor mat option already added to the factory window sticker. Only a few dealers had base prius in stock. At all bay area dealers, the Touring model was in low supply and most of the above discounts would not apply.
My best price on a 2007 touring package 2 including window tinting and floor mats is 24035 OTD not including sales tax.
Cindy
But the dealer did convince me to purchase what they called the service contract, which is a 7 yr/75000 mi deal for $900. According to him any Toyota service center will fix any problem other than regular oil changes, brake pads and tires, no fine print exceptions. Further, he said that I have 60 days to cancel it if I change my mind and it is transferrable to the next owner. He took care to explain that it was not an extended warranty, which simply extended the manufacturer's original limited warranty. This, he said, was like an insurance for any problem, including ones that were not covered by the standard or extended warranty. He seemed like an honest and sincere fellow, and besides since I had 60 days to change my mind, I went ahead and signed up for it. Anybody heard of this? Is it worth it? Or money down the drain?
For openers, the extended warranty essentially duplicates the basic warranty for the first three years. There is no advantage in purchasing this warranty until the basic warranty is about to expire.
You can cancel the warranty for a full refund but I believe the window for this is 30, not 60 days. Read the fine print on the warranty agreement copy you got to definitely determine the width of the complete refund window. After this window closes you can only cancel on a prorated basis. Also, if during this 30 day window you exercise either the basic or the extended warranty, any refund then becomes prorated. If you elect to cancel the warranty, do it immediately and bed sure to do it with a certified letter to that effect so that you can prove that they received he cancellation during the full refund window.
The finance guy's declaration that the warranty can be transfered (for a nominal fee) is correct. His statement that the policy he is selling you has better coverage than the Toyota Extra Care (Platinum) Plan is a flat out misrepresentation. You are being sold an extended warranty and the coverage is identical to the basic warranty with the sole exception that the extended warranty provides for a rental vehicle during vehicle repairs while the basic warranty doesn't. Big deal!
The price you paid for the extended warranty isn't bad, but you can do better. For starters, you have a 7/75,000 warranty, probably with a $50 deductible. But for aother $90 dollars, ou can buy a Platinum 7/100,000 policy with no deductible from Toyota of Greenfield, MA. (I have no business or personal connection with them).
The price you paid for the Prius is very good. And the 0% financing is outstanding.
Luckyboy, what you say about the prius not really needing anything other than regular maintenance and that the service contract is a waste makes sense. That's what I was leaning towards as well. Unless other Prius owners come forward and say that defects and/or breakdowns of other parts not covered by the basic warranty is rather high, I'll probably do exactly that: cancel the service contract.
And, yes, I'm happy with the price I paid for it.
also called north cal dealers, seems they generally have better quotes thank southern cal.
The breakdown is:
MSRP: $27465(cost includes a premium package and the touring model)
Term: 36 months
Miles per Year: 15,000
Tax in California: 8.25%
Residual: 55%
Money Factor: .00155 (I think)
My drive-off was $2000.
They offered me monthly payments of $382 per month (including tax). The deal did not sound right to me so I wanted to run it by you, Carman. What do you think??
Please let me know,
SC4LA
You may want to check form 8910 for more details.
Addie
2007 Prius with Package #3, Extra Mile Option Package "A" (which is a lot of foo-foo like floor mats, cargo net, roadside asst, etc), dealer undercoating, window etching.
MSRP=$26978, final price that we settled at was $24379. I thought that I could beat them down more because they had 19 Prius on their lot and it was the last day of the month. The original salesman agreed to most of the price cut. When they got the "sales manager" involved, he only cut it another $225.
So the out the door price was $26078 ($24379 for the car, 6.25% taxes=$1523.69, Documentation fee=$50, title/license=$125)
The documentation fee is just another way to get money out of you. I asked for them to wave it and they refused (this is the financing guy that I am dealing with now). I don't argue because it is late and I am tired. Then he hits me for an "advalorum tax" of $53. I told him that I called the county tax collectors office earlier in the day and they do not collect an advalorum tax. He stumbles around and finally says it is to reimburse the dealership for the tax that they have to pay on their inventory. Let me get this straight: I take one of your cars off your lot so that you don't have to pay a tax on it anymore, and you want me to reimburse you for the tax that you might have paid? It really irks me that they use the term "advalorum" when it is nothing but another try to get into your pocket. I was hot and told him if he didn't drop it, I would walk (and I would have,too). He dropped it. Don't get fooled by this ploy.
My wife and I really love the Prius so far. I think it was a good choice. Good luck on your car hunt.
22382 for car and mats,etc,
55 document,
1851 tax,
209 DMV,
8.75 tire,
total 24505.
the dealer throw in Extended warranty for Platinum Toyota Extra Care for 1150(7year/75k), and autocare premium prepaid maintenance program for 1355. I didn't think it through and accepted. Now i got 60 days to cancel them. Shall i cancel it?
appreciate your help.
What's more, since it overlaps the basic 3 year warranty, you have the entire three year period in which to make any decision regarding an extended warranty.
Important: If you decide to cancel either or both of these agreements, do it with certified mail so that you have proof that they received your instructions within the full refund window.
thanks
But...that was on the antediluvean vehicles of the last century. Since about 2001 all vehicles are progressively becoming rolling computers with multiple 'smart systems'. None is smarter than the Prius. The benefit is that these smart systems are on the one hand lighter, simpler and easier to repair than the old mechanical systems they replaced - however none are built by Toyota!!!!
They are subassemblies or controller for systems built by Toyota. This is why all these electronic controllers are covered only by the 3/36 Basic warranty. So even if Toyota's basic system is bulletproof, say a transmission with a 5/60 warranty,the controllers for it are only covered by the 3/36.
Case in point we had an MR2 Spyder with the Sequential Manual Transmission. It started acting up and we took it in to find out what was the problem and it turned out to be a pump and a control units that make the SMT work. Not part of the 5/60 PT warranty. It was part of the 3/36 electronics warranty. Net cost to replace the two parts - $2400 for each part - $4800 !!! and $800 labor.
Ahh the ripoff service department saw a another dumb uneducated slob coming and really took advantage of them. Well not exactly actually I've worked at that store for 7 yrs and am very close to the owners. I sold the MR2 to myself and I've done all my service there - free, like all the other customers getting new vehicle. It's just the times.
Each of these new vehicles from Tundras to Camrys to Prius' to Avalons are rolling electronic systems with 10-20 'laptops' spread out through the vehicle. If you had to replace your laptop, or two, in the next 7 years how much would each cost - plus labor? Well I still have never purchased an ESC on any Toyota including my current Prius but given what I know now a good deal on one for future models is worth the peace of mind.
You are right it is an insurance policy against catastrophic failures.
Package 1 with mats
$20,874 + $50 doc fee + TTL
North Park
Boerne, TX
Excellent buying experience