Any end-of-year deals expected?

[dkrivosheyev]

Thinking about buying a new 2011 Toyota Prius and was wondering if I can expect any good end-of-the-year deals this fall from Toyota. I bought a new 2010 Corolla in January of this year and I got almost $3500.00 off the sticker price. Hope to do the same for Prius. Anyone knows if any deals are coming up?

Thanks!

 

[LS2JSTS]

Word is that Toyota has some pretty big sales and financing incentives planned for the next couple of months. A final push to turn around their lagging numbers in NA and regain some market share.

 

[Hokiefyd]

Even if they have national deals going on, watch your local stock closely. Even if they begin offering $3,000 off MSRP on 2011 Prius models, if your local dealers don't have any 2011s left, you'll have a much harder time getting one. In other words, most of the stock (even regionally) may be gone before they start offering door-busters.

 

[dkrivosheyev]

I know, I had to drive 5 hrs out of state to get a good deal on my corolla

 

[MrCritical]

Originally Posted By: dkrivosheyev
I know, I had to drive 5 hrs out of state to get a good deal on my corolla


Mind telling us the deals you were offered in state vs the out of state deal you bought?

 

[Cutehumor]

Originally Posted By: MrCritical
Originally Posted By: dkrivosheyev
I know, I had to drive 5 hrs out of state to get a good deal on my corolla


Mind telling us the deals you were offered in state vs the out of state deal you bought?


I think he got $3500 off msrp and drove 5 hrs out of state.

 

[sciphi]

Originally Posted By: Hokiefyd
Even if they have national deals going on, watch your local stock closely. Even if they begin offering $3,000 off MSRP on 2011 Prius models, if your local dealers don't have any 2011s left, you'll have a much harder time getting one. In other words, most of the stock (even regionally) may be gone before they start offering door-busters.


Around me they had very few Cruzes and even fewer Ecos when I went looking about 6 weeks ago. I traveled 2 hours away to a larger city for a deal on mine since the local dealers were holding out for far more than what I wanted to pay. I ended up getting a fair deal on mine thanks to being willing to travel on a weekday at the end of the month. Giving up a day's vacation time saved me thousands compared to dealing locally.

 

[MrCritical]

Originally Posted By: Cutehumor
Originally Posted By: MrCritical
Originally Posted By: dkrivosheyev
I know, I had to drive 5 hrs out of state to get a good deal on my corolla


Mind telling us the deals you were offered in state vs the out of state deal you bought?


I think he got $3500 off msrp and drove 5 hrs out of state.


$3500 off MSRP vs???

And on the Cruze, how do you save thousands on a vehicle with $1000 or less markup? Are some dealer's keeping $2000 dealer cash that isn't listed in incentives to themselves, while others are not?

Confused.

 

[sciphi]

Originally Posted By: MrCritical
Originally Posted By: Cutehumor
Originally Posted By: MrCritical
Originally Posted By: dkrivosheyev
I know, I had to drive 5 hrs out of state to get a good deal on my corolla


Mind telling us the deals you were offered in state vs the out of state deal you bought?


I think he got $3500 off msrp and drove 5 hrs out of state.


$3500 off MSRP vs???

And on the Cruze, how do you save thousands on a vehicle with $1000 or less markup? Are some dealer's keeping $2000 dealer cash that isn't listed in incentives to themselves, while others are not?

Confused.


Cheapest I could find around me was $22k out the door, while mine was under $20k out the door due to a big metro area dealer wanting to move a car quickly before I dealt with one of the 4 other large Chevrolet dealers in the area.

The local dealers basically told me, "That's our price, pay it or walk." I walked.

 

[MrCritical]

Just wondering how the big metro dealer was able to offer over $2k less for the exact same car with less than $2k markup on it.

Not saying it didn't happen, mind you. Was there a trade involved? Metro, small town, it doesn't matter. They all pay the same price for the car.

 

[sciphi]

Originally Posted By: MrCritical
Just wondering how the big metro dealer was able to offer over $2k less for the exact same car with less than $2k markup on it.

Not saying it didn't happen, mind you. Was there a trade involved? Metro, small town, it doesn't matter. They all pay the same price for the car.


The place I got it from had every inch of their lot crowded with new vehicles, so I'm guessing they work on volume of sales instead of markup on each sale. There were a LOT of other people around buying new cars when I was buying mine. From what my salesperson told me, they were trying to reach a certain volume of vehicles that month. This was a marked change from the local dealers who had plenty of idle sales staff when I set foot into the door.

Also, my car wasn't on their lot very long. They got it off the truck, did the PDI, then I drove it off the lot 4 days later with 7 miles on the odometer. 2 of those days were me waiting for my vacation day to pick it up. I didn't order it, they happened to have just received it when I was contacting them. I guess it was a set of fortuitous circumstances all around that led to me getting the car for substantially less than anybody around me.

 

[MrCritical]

The dealer who had had the car on the lot the longest would be the most incentivized to move it-interest rate the dealer pays goes up the longer it sits.

Who wants to sell a car more, the dealer with salespeople sitting around, or the one doing a lot of business? I can't answer that question.

Having over 30 years in the auto business from parts gofer to general manager, everytime someone says they saved $2000 on a car with $1000 or less markup (and domestic dealers all pay the same for their vehicles) with no trade, I have to say hmmm...