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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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#472 of 2129
Re: San Diego Corrola LE 2005 [roman1] by mbuchanan
Sep 28, 2004 (3:05 pm)
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Replying to: roman1 (Sep 15, 2004 1:16 pm)

Just wanted to let you know, I just bought a 2005 Corolla LE in Orlando, FL. I went on to Edmunds and got the invoice price. The dealer quoted me a price of $17,500 out-the-door. My Corolla has a 6-CD changer, Sun/Moon Roof, Automatic, ToyoGuard just to name a few of the items. The LE comes with a lot of extra's. This is the first time I purchased a Toyota. Also, you should get a discount on the price because of the color you've chosen. When you're on Edmunds, you will see the pricing and ONLY go by the invoice. The dealers make plenty. If not on you, the next person that walks in uneducated on car buying. Good luck!
#473 of 2129
Pittsburgh,PA Corolla LE Auto by indigorolla
Sep 29, 2004 (5:57 am)
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I just brought a Corolla LE three days ago and the experience was wonderful. This is my first car.
 
Price = $15,574
Rebate = $500
Down Payment = $500
Indentity Sec.Sys. = $399
Tax = $1083.11
Title = $73.50
Doc. = $55
Tire Tax = $5.00
Total came to $16,189 out the door
 
All the dealerships in my area were quoting around the same so I went with the one whose quote was $100 less than the others. My price was also consistent with Edmunds TMV for my area (actually a little less) and carsdirect was only $70 cheaper but the servce was beyond poor:( so I brought my car the old fashioned way.
#474 of 2129
VSC? by motorman5
Sep 30, 2004 (3:59 am)
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Has anyone purchased a Corolla with the VSC option? Just curious if dealers tend to carry models with this option in stock or you have to order it in advance.
 
Thanks
#475 of 2129
Re: Pittsburgh,PA Corolla LE Auto [indigorolla] by prism3
Sep 30, 2004 (7:58 am)
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Replying to: indigorolla (Sep 29, 2004 5:57 am)

Hi, I was just curious what options you have on your Corolla LE. All weather package? Floor mats? ABS brakes? Cruise control? etc...
Thanks
#476 of 2129
Corolla S 5 Speed Invoice Price? by cooljw
Sep 30, 2004 (5:13 pm)
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Can someone help me make sense out of this?
 
I am shopping for a Corolla S 5-spd. Edmunds and many other sources say the invoice on the base S is $13,325. 2 dealers have told me that Edmunds is out-of-date, and that Carsdirect has the correct invoice price, Carsdirect shows $14,041 - that's a whopping $700 higher. Could it be that Toyota recently raised prices on the Corolla by so much?
 
Obviously the $700 makes a big difference here in negotiations. Anyone have any guidance?
 
Also, FYI: Was quoted on a Corolla S, 5spd, w/Moonroof, 6 disc in-dash, Extra Value Package, and Preferred Accessory Package for $15,422 from a local dealer (includes destination charge, does NOT include the $500 rebate). This is a GREAT price using the higher invoice price, and a MIND BOGGLING deal using the higher invoice price.
#477 of 2129
Re: Corolla S 5 Speed Invoice Price? [cooljw] by macedon
Sep 30, 2004 (6:36 pm)
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Replying to: cooljw (Sep 30, 2004 5:13 pm)

Both carsdirect and toyota.com have the MSRP of the Corolla S of $15240 so the price most likely was increased in 2005. Edmunds shows a lower msrp price.
 
The price I got on carsdirect for your configuration was $15933. Are you sure that the dealer did not take the $500 into account? I don't know how to explain it.
#478 of 2129
Re: Corolla S 5 Speed Invoice Price? [macedon] by cooljw
Oct 01, 2004 (12:10 am)
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Replying to: macedon (Sep 30, 2004 6:36 pm)

I talked to the dealer again. Yes I'm positive the price quoted does not take the $500 into account. He said they are actually selling the car for a loss. He said something about being a very high volume Toyota dealership, with an Internet sales department which sells cars at a loss in order to keep sales volume up and keep Toyota happy. Does that sound possible? I don't see why any dealer would ever sell cars at a loss. Even taking their 2% holdback into account, at that price they are losing $400 on the sale. The dealer said this was routine for their Internet sales department, and that they don't change the price on people after they come down and waste their time...etc etc. Sounded pretty sincere.
 
The price I saw on Carsdirect.com was $15,974, pretty much the same as you saw.
 
Well, $15,422 less $500 rebate = $14,922 and just add tax/tags/license and this sounds like a phenomenal deal. I just might be the owner of a new Corolla S after tomorrow. Will post any updates.
#479 of 2129
Re: Corolla S 5 Speed Invoice Price? [cooljw] by macedon
Oct 01, 2004 (12:27 am)
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Replying to: cooljw (Oct 01, 2004 12:10 am)

Cooljw, What state are you located in? I'm in NY and having a heck of a time finding the Corolla without extra options that I don't need. Your deal sounds great; you are getting extras without paying for it.
 
I really want the Corolla LE (now I'm considering the S model). But may have to go with 2004 Civic LX that I got quoted for $13,694 with tax and title to be added.
 
Or I can go with a certified 2004 LE w/o ABS for an internet price of $12,995 which I would think is negotiable. Figured I could offer $11,000 then $11,500. (about 12k miles or less, I am going blind researching). Guess I don't really need ABS. When beginning my car search, I honestly thought it was standard on all model now. Ugh! Have a perfect driving record w/o ABS all these years so...
 
Please everyone, give me your suggestions.
#480 of 2129
Re: Corolla S 5 Speed Invoice Price? [macedon] by cooljw
Oct 01, 2004 (11:37 am)
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Replying to: macedon (Oct 01, 2004 12:27 am)

macedon: I'm in San Diego. I actually am having trouble finding a Corolla with all the fancy options I want (really I only want a sunroof in a 5spd - a rare combo). I looked at used car ads online for slightly used Corollas and the prices are nuts, I just don't get it. I even contacted a dealer about a used Corolla he was selling, who then quoted me a lower price on a brand new Corolla. I always thought you should be able to buy a slightly used car for a nice discount compared to buying new - I totally did not find that to be the case. Of course, I was only looking at online ads.
#481 of 2129
Re: Corolla S 5 Speed Invoice Price? [cooljw] by cooljw
Oct 02, 2004 (4:53 pm)
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Replying to: cooljw (Oct 01, 2004 11:37 am)

Woohoo! I thought it was too good to be true, but it wasn't!
 
I just came back from the dealership - El Cajon Toyota in San Diego. I'm the proud new owner of a silver streak mica Corrolla S 5 spd 4dr w/ VP (Extra Value Package), SR (Moonroof), EV (6-disc in dash), and PA (Pfd. Accessory Package). Price was as they said over the phone, $15,422 + tax/tags/title, which came out to $16,853. Less the $500 Toyota rebate (expires 10/4) and I paid $16,353 cash for this car out the door. It was a brand new car, had 13 miles on it. Totally legit, they took a loss, and didn't even try to hard sell me on alarm, accessories, etc. The financing guy called it a "$600 loser" when speaking with his colleagues (e.g. they took a $600 loss on it).
 
I talked to 2 other dealers about the offer price before going over to El Cajon, both said they would not touch that price and forewarned me that El Cajon would scam me and probably didn't even have the car they promised (especially since 5spd w/moonroof in a Corolla S is rare, and you can easily make a profit on this car). Well, they were totally wrong. In fact we went to Kearny Mesa Toyota first to test drive a white version - the only one they had, and it literally got test driven and sold as we arrived, so we didn't even get to test drive it.
 
El Cajon said they routinely sell cars at a loss through their Internet Sales group to keep volume up, so that they get a better allocation from Toyota. In other words, they will make it up elsewhere. No other dealership was willing to do that when they could just as easily made a profit on the car.
 
Basically I'm floored, and the very happy owner of the car I wanted. A really great new car buying experience!

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