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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Sequoia, SUV
#1639 of 1843 Re: sequoia 10 platinum [mark198]
Sep 30, 2009 (5:47 am)
Not sure what best price is these days on Platinum/Limiteds. On end-of-summer 2008 Platinum/Limited leftovers on lots with a 58K+ MSRP, dealers in mid-atlantic were going down to about 49-50K for them, but I held off for many reasons. Now that 2010s are here (each mid-atlantic dealer recently received 1-2 Sequoias), you would expect to pay more of course, but not the high amounts that I find they are asking, especially now that sales are slow and clunker program is over. Maybe things will improve price-wise in November once dealers get hungry and realize that even with their limited supply of Sequoias, the demand to pay 60K for a SUV in this jobless economy is still very limited. Mark198's 4K below MSRP seems probably about right in this climate going into October, but you will have to fight/negotiate out here to get close to that. Even their Internet sales departments are starting their negotiations way too high. For example, best I recently saw was a dealer starting/asking price of $57,969 ($56,850 + $369 fees + $750 freight) on a Platinum with MSRP of $59,705. So, I laughed that offer off very quickly, as we are not going to get stuck paying basically 2K below MSRP. If prices don't improve in November (we are looking for at least 5K+ below MSRP), then our Plan B is to consider the Infiniti QX54 which has almost the same MSRP as a Platinum, but is going for about 8 or 9K below MSRP. [We own a Nissan SUV now and it's been as reliable as our past Toyotas; plus, all the transmission issues on the earlier generation Sequoia make us nervous . . . if I am being asked to pay close to $60K, I want a vehicle with ZERO warning signs like that. The QX54 has had some issues too, but I would be willing to risk those if I am paying closer to $50K . . . the money saved over the Sequoia could be invested and then used if EVER there were a problem, which is still unlikley on an Infiniti.] Plan C is to hold off until next year (I'm in no rush to drop 50-60K) and check out prices in the winter on the Sequoia again when demand subsides further and potentially dealer supply has slightly increased (or the Sequoias have sat unsold on the lots longer). We will see, but one things for certain, the 2009 sales tax deduction for new vehicle purchases is NO reason to rush to buy one of these this year . . . . do the math, for us it will save us only about $625 in our tax bracket. Thus, don't get fooled by the Toyota dealers trying to bring that up during your "buying experience."
Good Luck to all.
#1640 of 1843 Re: sequoia 10 platinum [mjohnr99]
Sep 30, 2009 (11:10 am)
I have a dealer to $56,432 for Platinum w/ remote start. I am considering it, but I agree. Nissan is giving $6,000 cash on the Q. I am waiting to see what Toyota does in October for the Seq. If nothing, then I will probably wait as well or go another route.
#1641 of 1843 Re: sequoia 10 platinum [mjohnr99]
Oct 01, 2009 (5:45 am)
You might want to try True Cars . Com to price out your vehicle and then look at Over Stock .Com cars. I know you can get 3,000 off MSRP now using Over Stock . Com. I do not think 5,000 is possible without some incentive program from Toyota.I have a price right now 3,048 off MSRP from a dealer that I am puting a deposit on. I think you are right prices will go down if you wait but I need to buy something now. Good Luck
#1642 of 1843 Re: sequoia 10 platinum 
Oct 01, 2009 (7:21 am)
Post 1641 is on the money. I would buy at $3,000 off as well (we bought our 2010 Plat a couple of months ago in the same arena). Although, so few of these are trading that I don't think TrueCars is very reliable. These cars are pretty scarce and a lot of dealers are just looking to move the few they are alloted at a good margin. Also, many of the buyers in the $60,000 range really aren't that concerned about the last $2,000 and the dealers know it. I also think that this very well may be the last year that they make the Sequoia's based on my feeling from the dealer when we bought (which we were comfortable with). It's become a niche vehicle this year like the Land Cruiser. I think the decision to go with the Infiniti or Toyota really comes down to personal preference....I feel my Sequoia has a more masculine, rugged look vs. the Infiniti's luxury appearance. They are both loaded with bells and whistles and are relatively reliable.
I love my 2010, but am really thankful for the Sonar and backup camera in my world of tight parking spaces and small children.
#1643 of 1843 Re: sequoia 10 platinum [sequoiabuyer]
Oct 01, 2009 (8:39 am)
I think you are right this might be the last year they produce the Sequoia. I own a 2001 Sequoia that I bought new and it has been the very best vehicle that I have ever owned. The vehicle has had no problems other than the brake rotors being under sized for the weight of the vehicle. Toyota replaced and upgraded the entire front braking system at no charge to me at 22,000 miles. The vehicle now has 97,000 miles with no problems other than normal maintenance.
Nissan/Infiniti had the same problem the first year the Titan came out. The solution for them was to replace the brake pads three times before they would upgrade the rotors. I will pay a little more for a Sequoia but in the long run be ahead just because Toyota stands behind their product better than the competition.
#1644 of 1843 Re: sequoia 10 platinum [mjohnr99]
Oct 01, 2009 (5:17 pm)
I have been Sequoia hunting for the last 3 months. I never saw the $10K discounts on 08 Limiteds that earlier posts described. The closest I came was $7500 ($3500 cash back and $4000 discount) off MSRP on a 08 Limited with no navi or DVD just before Labor Day. The remaining 08s moved off the lots here in the mid-Atlantic very quickly. The prices on low mileage used 08s are a joke. Only a couple of thousand less than new.
The internet had an article stating that Toyota will be launching a billion dollar (their biggest ever) discount and incentive program to boost sales during the fourth quarter. I'm hoping that generates something for the '10 Sequoia.
#1645 of 1843 Re: sequoia 10 platinum [bobd80016]
Oct 02, 2009 (9:25 am)
Nice to see some discussion on this thread again. Good stuff.
Anyway, back in posts starting in the 1550s, I think I mentioned the discounts I was seeing on '08 Platinums this past summer. For example, one dealer in May with a vehicle MSRP of $58,155, started negotiations with an internet price of $49,955. I offered $43,616, but then when I realized he probably would only knock 1 or 2K more off, I decided to wait for the '10s.
Been a long wait . . . in the meantime, had the opportunity to learn about other vehicles a bit.
Although I know I can pick up a '10 for about $3K off these days, I am still giving it a couple months minimum. if I can make an extra 1K a month (in form of a discounted price) simply by waiting 2 months, then that $2K covers a lot of maintenance over the years ahead on it.
It's not like we can't afford the thing, but rather it is my Scottish roots that got me where I am today, debt-free and able to pay cash for the truck. Waiting also forces me to constantly assess my opportunity costs. I totally agree with the poster above about the positives on the Sequoia over the Infiniti (especially appearance), but waiting this long has already potentially benefited me by forcing me to discover those other opportunities.
I should say that I was very surprised to see the deals on the Infiniti, and that is why I have been focusing on it. I know many have lost faith in Mr. Stock Market, but if I can save even $8K between the two vehicles, then that little voice in me tells me to pay attention. $8K at 10% return over 10 years is about $20K towards my next vehicle.
When the new '03 4Runner came out at end of '02 and was selling at MSRP (38K) with no deals, then I forced myself to look at the '03 Pathfinder. Long story short, I picked up the loaded LE Pathfinder for $30K at the end of 2002, and then I invested the $8K. We actually turned that $8K into over $31K and then remodeled part of our house in '07 with it.
YES, I always would have loved to have that 4Runner, but that desire was easily more emotional than anything, as the Pathfinder has done everything I needed (I was really surprised by that), and now my wife actually drives it with small kids beating it up. So, in the end, the savings and subsequent investment was a good lesson learned and it's what is driving this now.
There is no guarantee that I could turn 8K savings into 20 or 30K again, but at least I have the shot at it. Buying the Sequoia straight out, without at least considering other choices, means I have no possibility of ending up with 20 or 30K in 10 years. Anyway, I know this is not a personal finance board, but just wanted to give some food for thought. Most of my friends never put so much time/thought into this stuff, but then again, I am the "statistical outlier" of the group.
I will post what sort of prices I am seeing in mid-atlantic come November. I am willing to pay a premium for the Sequoia given a lot of things it has over the Infiniti, but right now the spread is too great. Fingers crossed that that will soon change.
Good luck to all.
#1646 of 1843 Re: sequoia 10 platinum [mjohnr99]
Oct 03, 2009 (4:11 am)
Wanted to chime in to help others searching for the Sequoia. I just bought a "base" Sequoia Platinum (MSRP - $56,475) in the Southeast region for $51500 plus TTT. Basically, $5000 off MSRP and the dealer had to find the car (not on lot). Keep in mind cost is slightly higher in Southeast region because of charges by the distributor in the Southeast region. Charge to invoice is $925 higher than what you find on edmunds.
Tried several dealers but couldn't get any to beat or match. Actually, they insisted that something would be added, dealer fee etc. No such thing. Only TTT. Communictaed entirely by email until the deal was done. Not too difficult. Deals will likely get better but they aren't going to give the cars away.
For those not paying cash, Bank of America is offering fantastic rates on auto loans. I secured 4.2% APR for 60 months. At this rate, depending on your situation, it may or may not make sense paying cash.
#1647 of 1843 Re: sequoia 10 platinum [flatout18]
Oct 04, 2009 (9:50 am)
That is a great price for a Platinum and I assume it is 2 wheel drive. I was checking on prices Southeast region on overstock .com cars and you can get 4,815 off msrp 2 wheel drive Platinum model. The same vehicle in the mid -atlantic region is 1,152 higher or 3,663 off msrp. The list retail price for the vehicles in both regions is 56,630 now. This does not include that hidden 925 dollar fee charged in the Southeast region. I guess the cost to do business is higher in the mid-atlantic region. The taxes in the mid-atlantic region are certainly out of control compared to the southeast area.
A 4x4 platinium model list for 59,855 and you can get 3,932 off msrp mid- atlantic region and 5,136 southeast region. The draw back to the south east region is you can only get a flex fuel engine on the 4x4 models. I see no advantage in a flex fuel engine. The mileage is at least 20% worse and perhaps 30% worse, the fuel is hard to find. The fuel delivery system is made more complicated on the 5.7 liter engine to use a fuel that is scarce at best. E 85 causes a water problem in the fuel line and gas tank, is tough on metal, and costs more to produce than gasoline. The government pays oil companies about 51 cents a gallon to make the crap so it sells about 24 cents less than a gallon of gasoline. The draw back is you have to use more of it to go the same distance as gasoline so it ends up costing a lot more.
Oct 04, 2009 (4:32 pm)
Most of us with Flex Fuel engines will never put ethanol in them if possible.
As it was explained to me, the flex-fuel engine is being made for political reasons so that they can continue to manufacture the Prius, etc. without any grief (or at least not as much).
Rest assured that the dealers are more than aware of the drawbacks you mentioned above. In fact, I understand that I really should avoid ethanol if possible as it burns "dirty" and really isn't ideal for any engine. Therefore, the reduced fuel economy is really irrelevant.
You are accurate about the Southeast and the flex-fuel option on the 4X4's.....