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Toyota Sequoia Prices Paid and Buying Experience

1709 messages,  Last post on Dec 05, 2009 at 2:26 AM

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#1570 of 1709 Re: 2008 Limited with Captain Chairs [tenekram] by a8silver May 12, 2009 (8:06 pm)
Replying to: tenekram (May 12, 2009 4:24 pm) Dealer delivered the vehicle to our house yesterday. I negotiated everything over the phone:   SR5 - 2WD Leather - Power Seats, with Power Fold down rear seats, Heated Driver & Passenger seats JBL/w Bluetooth and steering wheel controls Tow Prep Package Running Boards Moonroof/Roof Rack DRL Front & Rear Sonar Homelink Mirror Carpeted Floor Mats/Door Sill Protector   MSRP: 43,615 Final Price: $34,395 +TTL (21% off MSRP)   The main reason I went for it: Almost a fully loaded SR5 (closest configuration to the LTD), but ~$5500-$6000 cheaper than any LTD quote I received.
#1571 of 1709 Check this out. by mjohnr99 May 13, 2009 (5:51 am)
Front page of Personal Journal in today's Wall Street Journal has an article titled "Final Frontier: Below Dealer Cost." Check it out today. In it, it refers to a company (which has an easily found website) that gives you the prices actually being paid based on real sales data around the country. For example, on a fully loaded Platinum with MSRP of $58,578, it puts factory invoice (what the dealer tries to tell you is their "cost," which we really know is not true) in my zip code at $53,545, and then states the average being paid in the US is $50,944. It gives a nice graph that says if you paid more than $50,944 for the vehicle, then it was "overpriced." A "great price" is listed at $49,995, given that it lists true dealer cost on this vehicle at $48,889 (factory invoice - holdbacks and dealer incentives). Like any resource, this is not of course perfect info, but it is a great starting point and you can enter any vehicle and configuration. I also note, that it DOES seem to accurately reflect the numbers I was seeing in the Wash DC area this month. Best I could come up with on a loaded Platinum was about $48-49K. Of course, I was looking for an insanely low $44K, but the dealers aren't that desperate (yet) to be willing to lose lots of money. If they fear further deflation though this year, and if demand continues to erode, at some point they will of course start moving down to those thresholds. That's what happens in an environment like this and these companies know it. Of course, I could be wrong about this being a sucker's rally and prices may lag down at this point, but not really drop lower if things improve.   Hope this helps. Replies to this message: sequoiabuyer (May 13, 2009 6:30 am) hdfatboy (May 15, 2009 9:58 am) mjohnr99 (May 18, 2009 5:33 am) hdfatboy (May 18, 2009 6:52 pm)
#1572 of 1709 Re: Check this out. [mjohnr99] by sequoiabuyer May 13, 2009 (6:30 am)
Replying to: mjohnr99 (May 13, 2009 5:51 am) Thank you so much to those of you posting articles and prices paid information....It's sad that car buying has come this.....
#1573 of 1709 '08 Sequoia Buying -- How Determine Plumline? by agbasher May 15, 2009 (5:51 am)
To many here who know a lot mroe than me about buying Sequioa's --   How do you tell how low is low?! Every dealer in MN is already well below invoice and any likely holdbacks, so what does it come down to?   I'm not sure what negotiating levers I have other than the cars have been on their lots for awhile. What are the guiding principles here/   Thanks!
#1574 of 1709 Re: Check this out. [mjohnr99] by hdfatboy May 15, 2009 (9:58 am)
Replying to: mjohnr99 (May 13, 2009 5:51 am) What's really interesting is that I paid $51000 for my 2008 Platinum Sequoia in Dec. 2007 when they first came out. Looks like we're full circle back to the pricing I paid 18 months ago. Sounds like a good price on a Plat Sequoia is around $49K. Replies to this message: mjohnr99 (May 18, 2009 5:33 am) hdfatboy (May 18, 2009 6:52 pm)
#1575 of 1709 SR5 w/Leather in DE by str1ck May 17, 2009 (6:30 am)
Got a SR5 with Leather, JBL, Cold Weather Pkg, moon roof, running boards, and all the other stuff. From Newark Toyota World in DE. after some back and forth and walking out. I got the Truck for 36,800. Make sure you do your home work before going to this dealership. Replies to this message: a8silver (May 17, 2009 12:40 pm) sequoiahunter (May 17, 2009 5:32 pm)
#1576 of 1709 Re: SR5 w/Leather in DE [str1ck] by a8silver May 17, 2009 (12:40 pm)
Replying to: str1ck (May 17, 2009 6:30 am) What was the MSRP? Also, is 36800 include TTL?   Thanks
#1577 of 1709 Re: SR5 w/Leather in DE [str1ck] by sequoiahunter May 17, 2009 (5:32 pm)
Replying to: str1ck (May 17, 2009 6:30 am) Also was that with special financing and the rebate or can you only choose one like in Norther Cal and Nevada?
#1578 of 1709 Re: Check this out. [hdfatboy] by mjohnr99 May 18, 2009 (5:33 am)
Replying to: hdfatboy (May 15, 2009 9:58 am) Thanks hdfatboy. That's an interesting data-point. Maybe you have to adjust it for the slight inflation during this time? So, if you use CPI as your tracking reference, paying 51K back then is similar to paying 52.5K now. [There may be a better tool than CPI of course . . . but you get the idea.] So, if deflationary pressures now have these down to 49K, hdfatboy could have saved maybe 3.5K by waiting 18 months . . . and to me, that's not worth it and not much of a deflationary "discount" given what is going on in economy and where I think we could be headed given Toyota's troubles in the business section headlines. Thus, those last few 2008 Platinums (and loaded 2008 Limiteds, which are still easily found) can sit forever in my book until they move down to the 44-45K range. [Again, that may never happen . . . ] There will be some who can not wait and need to buy a 2008 now (baby coming, current vehicle died, etc.), but I can't imagine there are LOTS of people ready to pay ~50K for one of these 2008 Platinums or loaded Limiteds, especially given what hdfatboy paid. (I wonder how many other people got that price in 2007 too? Perhaps not many?). I think I will simply buy a 2010 and be comfortable paying in the mid to upper 50Ks for it once the dealers realize that despite production cuts, no one will be paying 60K+ MSRP on 2010s either. [I could be wrong of course, if economy is truly turning . . . but, I don't think it is unfortunately.] As for the 2008s, I am not biting until the dealers realize it is better to get rid of them at a small 24-25% below MSRP loss, versus giving them away later in the year if/when we realize this short market rally was a little premature and things really flatline for the rest of this year as jobs and purchasing power get further curtailed. Replies to this message: hdfatboy (May 18, 2009 6:52 pm)
#1579 of 1709 Re: Check this out. [mjohnr99] by hdfatboy May 18, 2009 (6:52 pm)
Replying to: mjohnr99 (May 18, 2009 5:33 am) Not sure that I buy the CPI model of pricing on Sequoia's. We're in a deflationary period and more importantly the MSRP of these vehicles is unchanged. Therefore I think its reasonable to assume a "Dec 2007 Sequoia dollar" is equal to a "May 2009 Sequoia dollar".   Just my $.02 (2009 pennies , of course:)

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