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Toyota Corolla Prices Paid and Buying Experience

2129 messages,  Last post on Oct 03, 2008 at 12:58 PM

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What is this discussion about? Toyota Corolla, Car Buying, Sedan

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#385 of 2129 HELP PRICING 2005 COROLLA LE by stressednanny Jun 15, 2004 (6:57 pm)
I am having a hard time getting a good price on a 2005 LE auto/4D corolla in the Phila area. I have done the research: CarsDirect quotes 14,275 invoice, but dealer sheet says 13,728 so I'm starting from there, then add on options sunroof/SAB, ABS, etc. for 2174.00 (dealer cost). The dealer is adding on 302.00 advertising, holdback 313.00 and "financial reserve" 156.00 and even gas (6.00). Total is 17,194. Initial asking price was 18,849 but dropped to only 17,300 + TTL. I think I am getting taken. Another dealer offering 17094. I come up with 15,924 including deduction of 3% holdback. Am I correct that holdback should be deducted---not added. ad does anyone pay adv. costs and fin. reserve (dealer prep)? I have no trade-in- 97 Mazda had rod knock and is not even driveable--should I expect anything for it or just be happy if they take it off my hands? Any advice/direction will be most helpful as I am driving a rental and these discrepancies will be moot if I rent for much longer!
#386 of 2129 stressednanny by ghulet Jun 23, 2004 (3:46 pm)
I don't think you're going to manage to buy a car with MSRP of $18849 for $15924, at least not a Corolla. Sounds like the dealer sheet cost is invoice minus holdback (3%).   Also, I don't get your math. If you do invoice (not dealer sheet) plus options plus advertising, 'financial reserve' (that's a new one), gas and holdback, it's $17226. Where does this $15924 come from? It sounds like they're adding holdback (which you are not entitled to) but you're adding up the price of the car, then subtracting the 3%, maybe? I don't get it.   God bless you if you can pick it up for the $15.9k, but I don't see it happening. Not to be harsh, but sounds like you're expecting to keep not only the holdback but all possibility of profit for the dealer.   Keep trying, but like you said, you're paying for a rental now and it sounds like the dealers are both trying to earn your business ($1700 off MSRP on an $18k car isn't bad), so don't wait too long or the deal might disappear.
#387 of 2129 ghulet by alpha01 Jun 23, 2004 (4:57 pm)
You make excellent points. Stressednanny, another thing to consider is that the 2005s JUST came out, and are not on ANY type of rebate/incentive program.   Using a zip code in Toyota's Central Atlantic region (which includes the Philly area), heres what carsdirect.com shows for a 2005 Corolla typically equipped (if you want ABS and Side Curtains) for your area:   2005 Corolla LE 4 cylinder 4sp auto+ ABS Side Airbags, Curtains, Moonroof (Pkg) Audio Value Pkg (includes cruise and 6-disc CD changer) All Weather Guard Pkg Floormats   MSRP: $18,352 Invoice: $16,786 Carsdirect.com "Target" Price: $17,436   (Note: I called this a typically equipped model b/c I went to Toyota's www.buyatoyota.com site to figure out how Corollas in your area are typically optioned. The above scenario is the only one that offers ABS and curtains.)   ~alpha Replies to this message: bamacar (Jun 24, 2004 12:59 pm)
#388 of 2129 Re: ghulet [alpha01 #387] by bamacar Jun 24, 2004 (12:59 pm)
Replying to: alpha01 (Jun 23, 2004 4:57 pm) Just for reference in the Southeast Toyota region, the following on Cardirect in Atlanta shows this:   2005 Corolla LE 4 cylinder 4sp auto+ ABS Side Airbags, Curtains, Moonroof (Pkg) Audio Value Pkg (includes cruise and 6-disc CD changer) All Weather Guard Pkg Floormats   MSRP: $18,407 Invoice: $17,186 Carsdirect.com "Target" Price: $16,611   Under Invoice by 500 down in Atlanta, but still a ways from the $15,900.
#389 of 2129 2005 Corolla S in Northern NJ/Metro NYC area by ejg Jun 25, 2004 (3:28 pm)
I just put down a deposit (no car yet)in Morthern NJ/Metro NYC area on a 2005 Corolla S with: All weather guard ABS Brakes 6 speaker AM/FM IN-Dash 6-CD changer Sun-Roof Extra Value Package - cruise control and power everything and Alloy wheels Carpet floor mats and Trunk Mat for $16,864 Not including tax or document fee I wanted to get Side Air bags but it don't seem to be available in the greater NJ/NYC area with the other options I got (so they tell me). Is that a good price?   for
#390 of 2129 bamacar by alpha01 Jun 25, 2004 (5:23 pm)
I dont understand that AT ALL. I think carsdirect.com might be in error for SET or something. It is completely counter-intuitive for Toyota to offer a 2005 model, especially the popular Corolla, in its most popular trim line, at a $500 discount to INVOICE!   ~alpha
#391 of 2129 PRICE on new XRS by ff2005 Jun 28, 2004 (12:27 am)
Replying to: sandman46 (May 23, 2004 9:09 am) I am considering getting an XRS Corolla 2005. My question is, are they hard to negoitate since they are 'limited stock' and they are in 'high demand.'?? My salesperson wants $19600 (right at MSRP). Edmunds saids ppl are paying $19100. Comments!?????
#392 of 2129 are you a recent college grad? by alpha01 Jul 02, 2004 (3:54 pm)
This is a great way to get into a new Toyota at a lower price. I believe that through August 31st, college grads can get a $1000 rebate on most models. The XRS seems awesome, its your call.   ~alpha
#393 of 2129 2004 Toyota Corolla LE by bporter1 Jul 03, 2004 (12:59 pm)
My mother purchased a 2004 Corolla LE in late May. She absolutely loves the car. The buying experience was awesome. The dealer she bought from was really great. The car stickered for $17,250 and the price she paid was $14,797. That is $742 under dealer cost. I really thought that the Corolla would be hard to get a good price for, but not the case at all.
#394 of 2129 pricing for 2004 corollas by onedergyal Jul 05, 2004 (7:51 am)
Since 2005 models are out now, is there any way that we can get appraisal values for used 2004 cars? Edmunds only have up to 2003 used car values.

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