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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Camry, Sedan
#5038 of 10204 New 50th Anniversary
Mar 20, 2007 (6:58 am)
I traded my 2004 Avalon XLS on a Camry 50th Anniversary Edition eight days ago. In the first 1500 miles, primarily highway, I have received 41 mpg.
I got Edmunds fair market value + $500 for my trade-in and Edmunds fair market value - $500 for the purchase. The car had arrived three hours before I bought it and the salesman did not realize it was the only one the dealership would get.
Of the five Toyota's I have owned (all Camrys or Avalons) I am sure this will be my favorite.
#5039 of 10204 Re: Price paid for TCH in Central NJ [jbrisko]
Mar 20, 2007 (7:25 am)
Since a trade was involved there is no way to determine if it was a good deal or not.... What really matters is that you are happy with the deal.
#5040 of 10204 Re: Price paid for TCH in Central NJ [jb_turner]
Mar 20, 2007 (8:35 am)
That is true, and we also don't know what he traded. That said, he got "KBB good condition" on it. Around here, about all you get quoted are Blackbook wholesale prices, unless you have a very hot car. So it seems to me our Jersey friend did a VERY good job on his purchase.
#5041 of 10204 Re: 50th Anniversary Edition TCH [hybrid4me]
Mar 20, 2007 (9:13 am)
This is an extremely rare version of the hybrid Camry, so if you want one, I would not wait until summer.
I see your point; however, the lease on my current vehicle won't be up until September... so, I don't see acquiring another vehicle until August (at the earliest). I may actually wait until the end of the year (November or December), to get an overall better deal; I may very well miss out on the 50th ann. version of the TCH.
#5042 of 10204 Re: Price paid for TCH in Central NJ [jhs70]
Mar 20, 2007 (11:04 am)
What are Blackbook wholesale prices?
KBB allows you to choose between "Trade-In", "Retail", and "Private Party". I assume when he said he got KBB good condition, he was talking about the "Trade-In" category of KBB, which essentially is wholesale. Should/does that really differ much from Blackbook wholesale prices?
The KBB trade in quotes are already quite a bit below the NADA trade in value for the car. Are you saying Blackbook wholesale prices are even a notch below that?
#5043 of 10204 Re: Price paid for TCH in Central NJ [honda00]
Mar 20, 2007 (11:33 am)
Yes. I have definitely found KBB prices to be higher than Blackbook. Blackbook, I believe, is derived from actual auction prices for similar vehicles.
My understanding of NADA is that it is used primarily to determine loan amounts by lending institutions. So it can be quite a bit higher than KBB. It's not necesarily a car's WORTH.
Not sure if this is making sense, but I believe Blackbook is the rock bottom price you will get for a given vehicle and is often what a dealer will give you on a trade in It's a price he knows he can get at auction if he can't sell your car on his lot. It's a way for the dealer to trim his loses if he can't move it on his lot. Think safety valve.
A common trick around here is for dealers to advertise that they will give you KBB for your trade, then when you come in, it's strickly Blackbook.
Here's a real life example: a few years back I traded a one year old truck. KBB was about 28k or 29k for it. This was when gas prices started to skyrocket. Now, who wants to buy a truck in those times, although you could counter-argue, as I did, that most people who buy trucks don't do so for GAS MILEAGE. Now, that aside, all I could ever get was an auction price for my truck, about 8 or 9K LESS than KBB. Even at carmax. So there's a case where the BB value was the "true" market value of the vehicle. (I sold it private and took much less of a beating.)
I hope this helps. I'm no expert in this field and I'm not in the business. Just another joe-shopper here with an opinion!
#5044 of 10204 Camry LE Automatic prices
Mar 20, 2007 (4:32 pm)
Dealer 1: $17,988 (no choice of colors, need to take one that is given)
Dealer 2: $18,619 ($18,097 for CE)
Dealer 3: $18,488
All the prices include destination charge.
Are these good prices? If not, how much room do I have for negotiations? I'm in Los Angeles area. Thanks.
#5045 of 10204 Re: Camry LE Automatic prices [pbhagat]
Mar 20, 2007 (4:55 pm)
Those are great prices, from what I can gather the west coast has the most competitive prices.....should be happy with any of those.
#5046 of 10204 Changes in Camry Prices
Mar 20, 2007 (6:40 pm)
I know that toward the end of the year the prices on the 07 Camry will be lower but will the prices start declining as early as Summer?
#5047 of 10204 Re: Camry LE Automatic prices [pbhagat]
Mar 20, 2007 (11:11 pm)
Dealer 1 has pretty great price. i got mine for 17988 too
but he let me pick my color
which dealership did u go to? i went to wondries in alhambra