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Toyota Highlander Prices Paid and Buying Experience

3345 messages,  Last post on Aug 11, 2008 at 2:58 PM

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What is this discussion about? Toyota Highlander, SUV


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#2811 of 3345
Credit Union Buyers Program by hunebear
Nov 08, 2007 (5:10 pm)
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I just bought an 08 base highlander 4WD with a few extras on it. I paid 31,118 OTD. I have the 6 cd changer, convenience package, tow prep package, Manual rear A/C system, daytime running light package and the 3rd row seat. I went through my credit union and the MVCP program and I paid $100 over the dealers invoice. No haggling, no stressing. The total MSRP on the vehicle was 31,094. Oh I also got the extended warranty (which cost 995). So w/o that I would have only paid 30123. Which I believe was the exact price on edmunds.com. I went to Russel Toyota in Catonsville, MD. The sales guy was terrific. Though when I returned the following day to turn in my check from the CU and my title of my trade in, the finance guy was a total jerk! But I didn't have to deal with him long. I did all my "buying" online via email and it only took me a couple of hours at the dealership to test drive and complete the paperwork. I believe I arrived at 10am and was out the door by 2pm. I totally recommend going through your credit union and see if they have a buying assistance program. I've bought all my cars that way (except for my Saturn because they don't participate) and never had any regrets. Hopefully I will have a very happy relationship with my new vehicle tho. I don't intend to spend that much money for a very long time!!
#2812 of 3345
Re: Update: Highlander Purchase in Wisconsin [scottgbwi] by 08fe
Nov 08, 2007 (7:20 pm)
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Replying to: scottgbwi (Nov 08, 2007 3:42 pm)

Best way to figure out if you're being offered a fair or great deal is to do the math. Not sure if you've looked at Edmunds.com and added it up. I'd say $ 1000 over invoice for a HL Limited 4x4 with Nav is fair - anything over isn't - anything less is great.
 
You're dealer still sounds like a jerk. My dealer told me that the crossbars were included on my roof rack but then found out that wasn't the case. Instead of reasing the price to include the crossbars they threw them in at no charge. Granted it's only $ 150 but I was only paying $ 1000 over invoice. If they had raised the price $ 150 I probably would have still bought. But if a dealer raised their quoted price by $3K I would be very upset and would take my business elsewhere. There are many Toyota dealers around and the HL's are just getting more plentiful. He's not playing nice - don't reward that behavior. It only hurts us consumers in the long run.
#2813 of 3345
Re: Update: Highlander Purchase in Wisconsin [lucky_777] by scottgbwi
Nov 08, 2007 (10:05 pm)
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Replying to: lucky_777 (Nov 08, 2007 4:03 pm)

Everything is documented with emails. I also received a fax of the specs on the highlander I was going to receive. This is copied & pasted from the email "Dear Scott,
 
The price for my incoming Highlander with the E5 (exhaust tip), BM (body molding's), V4 (remote start) and DVD would be $35,595 plus taxes and fees. The DVD is pretty nice, it has a 10" screen as opposed to the standard 9", it has 2 wireless headsets, the FM modulator which allows it to be played through the radio, an audio and video connection (camcorder, etc.) a game port for your play station, X Box or whatever, and some built in games with a controller.
All together a better system and you will save some money. If that works, just call me with a $200 credit card deposit and I will put you name on it.

 
I also had gave him my credit card for a deposit to lock it in. This was for a limited highlander. The DVD was an aftermarket one.
 
Scott
#2814 of 3345
Re: Update: Highlander Purchase in Wisconsin [scottgbwi] by lucky_777
Nov 09, 2007 (5:24 am)
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Replying to: scottgbwi (Nov 08, 2007 10:05 pm)

If they took your deposit that means they sealed the deal.
#2815 of 3345
Re: Update: Highlander Purchase in Wisconsin [lucky_777] by 08fe
Nov 09, 2007 (11:20 am)
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Replying to: lucky_777 (Nov 09, 2007 5:24 am)

Yes, I agree. Deal sealed at that first price - not oh I meant to write $ 3K more.
#2816 of 3345
Re: Update: Highlander Purchase in Wisconsin [lucky_777] by scottgbwi
Nov 10, 2007 (10:09 am)
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Replying to: lucky_777 (Nov 08, 2007 4:03 pm)

lucky, I took your advice. We'll see how it goes. It takes a while for the paperwork to get in the system. We'll see how it goes.
#2817 of 3345
Re: Credit Union Buyers Program [hunebear] by lucky_777
Nov 10, 2007 (10:45 am)
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Replying to: hunebear (Nov 08, 2007 5:10 pm)

What was the car price before tax & title, can you itemize? What warranty did you get? You can save $300-400 by buying extended Toyota warranty elsewhere. Normally warranty that you bought from the dealer can be canceled within 30 days. Do some reading on the warranty if you want to save a little dough.
#2818 of 3345
08 Limited Residual / Money Factor by apaone
Nov 11, 2007 (7:28 am)
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Looking for a 3 year lease on a 08 Limited. MSRP is looking around $39,800. I am trying to determine the lease price and would like to know what I should be using for a money factor and residual value percentage? Excellent credit, so I was thinking money factor should be about 0.00259. Is a residual of 58% too high? How much over invoice are people negotiating Limited to now? $500 - $1000?
  
Located in Massachusetts.
  
Thanks.
#2819 of 3345
2003 trade in value by nimrod99
Nov 11, 2007 (10:28 pm)
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I have a 2003 V6 AWD LTD Highlander with 112,000 miles
its in immaculate condition
Has tow hitch, new michelin tires, new heated windshield.
Kelly Blue Book says "good" trade in is around $14,000 to $15,000
 
Went to a dealer today to trade it in on a 2008 Highlander and the dealer offered me $8,000 trade in.
 
I told them they were smoking.
AmI being unrealistic, or od KKB trade in value way over?
 
thanks
#2820 of 3345
Re: 2003 trade in value [nimrod99] by 99gs
Nov 12, 2007 (7:00 am)
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Replying to: nimrod99 (Nov 11, 2007 10:28 pm)

Nimrod99, It's interesting that you ask about KBB, because I just had a dealer quote KBB prices to me to negotiate the buy side as I'm looking for a used Highlander. The short of your question is that KBB is high, but not that high. I'm sure if you asked the dealer to show some reasoning for his price he would come up with some NADA loan value or something like that. What a racket.
 
I know they would never use the KBB wholesale value as that's a lot higher than they would ever pay.

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