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Toyota Sequoia, SUV
#1746 of 1843 Price for 2008 or 2009 Sequoia SR5 4WD 20k miles
Jan 17, 2010 (7:01 pm)
Hi, This is my first time posting a message. My family and I wish to purchase a nearly new 2008 or 2009 Sequoia SR5 4WD with less than 30,000 miles. I've searched Autotrader.com and Cars.com and have found approximately 15 vehicles (formerly rental/lease vehicles) which would meet our needs and all of these Sequoia's are priced at the approximately $34,000 (Toyota dealers and other dealers). What is the best price I can hope to pay for these amazing Sequoia's in January 2010? I would appreciate any tips or advise on the best strategy for making an offer (online or in person) from readers of this forum. Thanks very much. Looking forward to hearing from you. Best Regards, Brian
#1747 of 1843 Re: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles [familyguy11]
Jan 20, 2010 (11:55 am)
FWIW, there is 'no' good price for any car. It is your mental make up & belief and buying parameters, based on need/want, living/driving conditions that you will end up putting a value on and hence justifying it against the purchase of any car - used or new.
Hence, with that said, you can find TONS of info on pricing that will make your head swim and want to close the computer. You will get varied advises on what are good / bad prices. You will find info on this and other forums as to what each person paid and you will need to do your own due diligence in driving the dealer towards the price you want. Don't make the purchase an emotional one since then you will be negotiating against yourself, if that makes sense.
I paid $54.5 for a new platinum. I WANT to think and believe I paid the lowest price; however I know that there is someone out there who paid lesser than me & someone who paid full MSRP and above.
My $0.02/-: I moved from a 03 Ford Exp Eddie Bauer. I blv that the Sequoia beats the Ford Exp hands down in terms of creature comforts, driving style, interior space, abundance of storage & cup holders, and a slightly elevated driving position. I like the Seq so far.
P.S: You may want to buy an extended warranty and ask the dealer to throw that in as part of the price.
#1748 of 1843 Toyota Sequoia - Extended Warranty
Jan 20, 2010 (12:02 pm)
I have not seen a lot of threads on extended warranty. Has anyone bought one?
I'm planning to keep my Seq for at least 7 years and at least for $80K miles. Is an extended warranty a good thing, especially reading some threads on nav issues, drive line/engine issues, etc?
Also, any prices paid will be appreciated. I have been given a quote for 8yrs/100K/$0 ded for $1150/- thru' the Toyota Vehicle Assurance Program.
Also planning to buy into the 4yr/55k vehicle maintenance pgm that will take care of ALL scheduled maintenance. This is for $850/-. (Yes I did the math on this & unless I'm very disciplined and detail oriented in collecting, which I'm not, in collecting the promo coupons and oil change service specials, the plan works out saving me money in the long run, especially twds year 3 & 4.)
#1749 of 1843 Re: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles [magesh]
Jan 21, 2010 (6:29 am)
New to the forum.
Bear my ignorance.
When you guys mention prices do you include the taxes.I am getting 52,300 for a 2010 Sequoia LTD 4WD.With taxes it wil be 54K+
The dealer is is selling me different warranties for different prices.
Which one are you all talking about?
#1750 of 1843 Re: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles [newcar50]
Jan 21, 2010 (8:41 am)
Bought our 1st 2010 Sequoia LTD in mid December through an internet mgr in New Orleans - sold it for factory invoice $48,106 vs Retail price $52,339. That excludes taxes. They didn't offer any special finance incentives
I don't know about your options - what is the retail for your vehicle?
Dealer threw in lifetime powertrain warranty - I didn't buy other additional warranty.
Is it a good idea to buy more warranty - if so - what is the best way to do that?
#1751 of 1843 Re: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles [jose263]
Jan 21, 2010 (12:41 pm)
Congrats on the new vehicle. Good price I think.
Mine was the Platinum with a paint protection package + the cargo + the door sill protection. I think they threw in the carpets as well plus the cargo net. I paid $54.5 all inclusive i.e. on road. The retail on the vehicle was just under $62K.
The platinum does not have any 'major' options I think. And there were no dealer incentives in Oregon when I bought it.
I purchased the Toyota Vehicle Assurance Plan (extended warranty from toyota). It is sold thru' the dealers. I purchased mine from Midwest Toyota in Kansas (contact point: Jerry Johnson), since his was the best price. My dealer here in Portland, OR could not even come close to that price.
I purchased that PLUS the scheduled maintenance since I did not want to nor my wife to worry about how much it is going to cost every time we take the vehicle for service. Plus I have read some threads about electronics failing, sunroof not opening, gear systems failing, etc. I don't want to worry about money if that happens. Hence I paid it upfront. I'm not smart enough to deal with those type of issues NOR do I know any mechanics NOR am I smart enough to know if the dealer is pulling wool over my eyes if and when I decide to sell the vehicle and he claims the 4*4 is failing or some other crap to undersell. Ext warranty helps, to a certain extent, when you sell the vehicle. (You see those signs about Certified Preowned)
Hence to abate the above, I ponied up the money upfront. Buying an extended warranty is like your insurance (auto or life). You never need it till you meet with an accident. Time is the only person that will tell you in X number of years if it was a wise decision to buy an extended warranty or not. Nobody else can.
It does not matter if the vehicle has been rated the best of the best or the worst of the worst. Every machine has a failure rate at some point in time. If you have warranty at the time the machine fails, you are better served; if your machine has served you without dropping at all, great. Warranties are insurance. Why do companies give you a 3 year/36K warranty when it brand new? Would it not make sense to give us the same warranty AFTER 3 years when it is more prone to failure?
Sorry for the long post. It is your call on if you want to buy one or not. And if you decide to buy, shop around. Decide how long you plan to keep & how many miles you will drive in a year. I shopped around & found Jerry Johnson Midwest Toyota to be the cheapest. (Don't ask me how he does it OR why your dealer is not matching that price if the warranty is assured by Toyota. Maybe JJ has low overhead?!?)
#1752 of 1843 Re: RE: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles
Jan 21, 2010 (7:31 pm)
I am a Sequoia LTD owner, and I can tell you that 52k or 54k (out the door) for a LTD sounds ridiculous. That's just me, but keep in mind that Sequoias aren't moving like other models. Case in point, Toyota never released a 2009 model (only 2008 and 2010 were released). These dealers must be trying to hose you w/ a cost of 50k plus. Try contacting the "Internet Manager" or the fleet manager directly, and avoid the floors sales reps at all costs. You could also try contacting a more senior sales manager directly, as they may be more interested in moving inventory and getting the factory incentives rather than risk losing a sale and paying out a commission to a floor rep. Here's I how worked this...My technique was to email the Internet or sales mgr's directly -- don't use the Edmunds email form tool, as they do not take that as a serious offer to buy, so send a personal email -- and I told them that I was ready to buy immediately and wanted a LTD in color X for price $Y. Then the calls came flooding in. That put me in a really good spot to negotiate and play off of the various offers. Long story short, I got them below invoice by over $1K. So this strategy is at least worth a try!
As for warranties, I'm sure there's a totally separate thread for this topic, while this is a personal decision, the odds are stacked in favor of the house (i.e. the dealer/factory). These contracts are very expensive, and one of the biggest profit centers for a dealer. They look even more expensive when you factor in the time value of money or opportunity costs here. You're essentially paying now for something that MAY provide some benefit more than 3 years from now. It is not comparable to something like life insurance (as previous post alluded) in terms of the cost v. benefit. Even reputable 3rd parties like Consumer Reports advise against these. Remember, you're buying a Toyota, which generally has a good rep for long term quality, not a VW Jetta or some other lemon. FYI, I have 2 other Toyotas with over 120K miles each and they're still going!
And regarding magesh's question above about why dealers don't offer the extended warranty only after the factory warranty expires instead of upfront like they typically do at point of sale, there is a good reason for that. Simply, a customer is more likely to make an impulse purchase upfront when bundled with something else. This is textbook consumer behavior. You're less likely to make that warranty purchase once you walk out the door. Also, if they only offered the warranty after the factory one expired, the company would be subject to adverse selection (i.e. mostly people who need the warranty [due to repair-prone car, etc] would buy at that time), which would drive up the costs to everyone.
Paint protection? Really?
Just trying to help. I have a lot of experience negotiating with these folks over the years, so I hope some of this is helpful and keeps more money in your pocket as opposed to their's.
#1753 of 1843 Buying below invoice
Jan 22, 2010 (8:27 am)
I have seen a couple of posts of people buying a Sequoia $1,000 or more below invoice. This price is without any dealer cash incentive.
Using overstocked.com price on a 4x4 Platinum lists retail for 60,355 invoice is
$55,381and true cost $53,745. List price $55,381 minus $1000 =$54,381
$54,381 minus true cost 53,745 =$ 636.0 or profit made on the deal for Toyota
and the dealership.
Congratulations to anyone who can negoiate a deal this good.
#1754 of 1843 Re: RE: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles [mconra129]
Feb 09, 2010 (7:08 pm)
Mconra129: I've done some research and have found that the factory invoice for a LTD Sequoia is $46,677. Once you factor in Destination and Advertising ($950+$959=$1909) your at $48,586. And then there's 6% sales tax. I'm thinking $51,500 OUT THE DOOR is a good deal. This would be the first new car that I buy so I haven't had much experience with this negotiation process. The MSRP on the vehicle is $52,625. That's the current deal I have on the table for a "standard" Limited Sequoia; no extra options. In fact, I've had to special order my vehicle of choice because Toyota is now build ALL LIMITEDs with Navigation and I don't want the Toyota Navigation System. Additionally, the deal includes the RED ROCK interior which is not an option for the LIMITED but the Dealership believes they can get toyota to build it. Again, do you think $51,500 is a good deal out the door? If not, given the numbers I've provided, what do you or anyone else out there believe would be a good price to pay for the aforementioned vehicle. It will be another 4-6 weeks before the vehicle arrives and my $500 deposit is FULLY REFUNDABLE. Thoughts?
#1755 of 1843 Re: Price for 2008 or 2009 Sequoia SR5 4WD 20k miles [jose263]
Feb 09, 2010 (7:51 pm)
I just special ordered a 2010 LTD Silver Sky Metallic with Red Rock interior. My OUT THE DOOR PRICE is $51,500. I "believe" that is a good deal considering the factory invoice was 46,677, and that is what I paid prior to adding 6% sales tax, $950 for Destination and $959 Advertising. I'm still waiting on final approval from Toyota as to if they are going to build the vehicle since RED ROCK is a higher end leather and I don't want the navigation which is being added into every 2010 Sequoia for $1500. According to the Gen. Mgr, subtracting the Nav is not a problem but adding the RED ROCK may be more challenging. However, they believe they can get TOYOTA to make the modifications. If the build is approved I could have my Sequoia by Mid March. Cross your fingers!