Last post on Oct 17, 2013 at 4:41 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Toyota 4Runner, SUV
Did you get a good deal on your 4Runner?
Share your experience here!
#1521 of 2055 Re: I screwed myself didn't I??? [jasper07]
Jun 24, 2007 (5:39 am)
32000 for a 35700 car with good financing (2% or so if your credit is good) is about a 5200 off msrp deal. This is pretty good for someone who did it hit or miss. Check out my message 14394 in the Accord prices paid forum for useful information on how to buy a car for next time. Try to avoid dealer "cost" figures (or calculating how much profit you think they should make) as invoice has been a nominal figure for many models for over a decade. I prefer competitive bidding.
Try to keep the extended warranty to about 1200-1400 for something in the 8yr/120000mi numper to bumper range or about 300 for a 5yr/60k. Interpolate inbetween. Any more than this and it becomes a bit uneconomic. Go to the Toyota website and look up the terms of the warranty. You may be able to call the finance manager at the end of the month of 8-10 dealerships and see who can compete and give you the best price.
I wish I had come here before I bought my 4Runner today.
I thought I did my homework on a 2007 4Runner Sport 4WD. MSRP $32,500 and with the optional equipment (6 CD audio, double decker cargo system, the extra airbags, spoiler, running lights, moon roof, tow hitch, and preferred accessory package) and $645 destination, the total was $35717.
I researched Consumer Reports, Edmunds, KBB, Carsdirect and Cars.com. Each came back with different dealer invoices and suggested target prices. Cars.com said $31,884 invoice and $32,656 target price. Edmunds had $31,498 invoice and TMV was $32,492. KBB said invoice was $29,319. CarsDirect said target price should be $30,985. Consumer Reports said MSRP was $32,250 and invoice was $28,674. Their bottom line price was $27,174 + dealer cost for options, which ended up being $29,388.
I went to several dealerships offering the same $35,717 price and no one would budge under 32K. The lowest original deal I got was $32,141. One of the dealerships showed me a car at $35,440 and when I proposed $31,500 they balked and said the lowest they could go was $32,260. I said no thanks and they let me walk out the door.
So I got it for 32K w/o the $1500 rebate as I chose the financing instead (it was only one or the other and not both).
I tried to figure a good price with 6% profit for Toyota (I thought 6% was fair) but was surprised no one would go under $32,000. Maybe it is the area I am in (PA) - ???
I was happy that I got the car under the TMV and cars.com target prices but not happy that I couldn't negotiate under 32K. After reading several pages of recent posts on this thread I really feel like I screwed myself over.
So go ahead and tell me that I screwed myself up because I sure feel like I did. Can anyone tell me what I should have paid??
On a separate topic has anyone bought the extended warranty? I didn't buy it but don't know if I should or not. Any advice on this would be greatly appreciated.
#1522 of 2055 4Runner Limited Deal.. less $100?
Jun 27, 2007 (6:37 pm)
Hello! I just returned from my buying experience in Northern Virginia for 2007 4Runner Limited 4x4 V6 w/ FE, GY, NV, RF, RL, SR, TO, S0, E5 (MSRP $42,158.00):
Proc Fee $369.00
3% Va Tax $1139.13
Bus Tax $75.94
Total Delivered Price $39242.57
- Rebate -$1500.00
Balance Due $37,742.57
No doubt, a GREAT price. However, when I start with the Internet quote of $35,990 + TTL and Proc Fee, I come up with $37,642.21, so the balance above seems to be ~$100 too high. If someone can help me and MS Excel sort this one out, I'll be more than happy to mod this with Dealer Info. Otherwise, I highly recommend Shadow Mica. Happy trails!
Jun 27, 2007 (8:29 pm)
I've been offered 2 vehicles. 2007 Fully loaded 4x4 limited 4Runner. MSRP= $44,979.00. Cost/invoice= $40,409.00.
Their offer is invoice.$40,409.00.
I will offer him $500.00 less. Any better?
The other deal is 4Runner with same equip. The owner's son has been driving it and it has 6,700 miles on it.
They offered this up 1500 below invoice.
I will offer them 2000 below invoice and a full coverage extended warrantee $1,200.00 At zero cost to me.
#1524 of 2055 Re: jimjack [jimjack]
Jun 28, 2007 (4:09 am)
The average 29-33k 4 runner runs about 4000-6000 off MSRP. For the higher end models I would think this would be more.
Run your model used 06 model year with all the options with 15k mileson it on kbb.com. If it wholesales 12k or more below MSRP (the lower end models depreciate 10k from list) you want 6k+ off.
Add 15-20% to the price of your vehicle's used wholesale price. This is a practical price target range for a new one.
$1200 should provide you with something in the 7yr/100kmi-8yr/120kmi bumper to bumper range range. It would definitely not be no cost to you as your deal would (and should) be cheaper without it.
#1525 of 2055 Re: 4Runner Limited Deal.. less $100? [va4runner]
Jul 06, 2007 (5:16 am)
I can help you with the excel sheet. Could you please send it to tempusage03yahoo.com?
#1526 of 2055 Wait for Rebates
Jul 09, 2007 (4:49 am)
I've been tracking the rebates Toyota offers on 4Runners the past 3 years and it usually follows this pattern. If you hold out til the end you get the best deal. Hence the best time to buy in my opinion is September-October and get the outgoing model so you get the $2500 rebate. If you wait til mid-October you'll still get the deal but colors and trims will be limited as inventory starts clearing out. Some people balk at buying at this time of year saying 'but yeah the new car I bought is now a year old'. I say so what. All cars depreciate to zero eventually so why not get a new car with the steepest discount. That's the time to buy.
October through March - $500 rebate on NEW models
April through May - $1000 rebate
June through August - $1500 rebate
September through December - $2500 rebate on the old model - only available after the NEW model year is in
#1527 of 2055 Radio in 2007 4runner
Jul 09, 2007 (12:27 pm)
I am looking to buy a 2007 4runner SR5 V6 in the next month. Somewhere down the road I may want satellite radio in the car. I have asked a dealer about getting the 6 disc changer w/ satellite radio capability and he cannot find any models with that radio (its just a basic radio for an extra $200). I am now looking at paying a little more for the radio and getting the JBL radio with satellite radio capability. However, I cannot find any models in the southeast that have the JBL radio and don't have a sunroof. (I really don't want the sunroof) My question is how hard is it to install satellite radio with the basic Toyota radio? I would really like to be able to use the radio controls on the steering wheel to adjust the satellite radio. I am assuming I wouldn't be able to do this unless I had a factory radio with satellite radio capability. Can anyone help? Should I special order the car with the JBL or other radio that is ready for satellite radio?
#1528 of 2055 Re: Wait for Rebates [frankil]
Jul 09, 2007 (12:29 pm)
Thanks for your really useful info about 4Runner rebates. I wonder if you also tracked the special finance deals of 4Runners from Toyota. Also which region(s) do you keep track of? Different regions have different rebates. I am in PA, and now PA has worse special finance deals than NJ.
#1529 of 2055 Toyota just increased rebate to $2000
Jul 11, 2007 (4:18 am)
Hey everyone - just noticed Toyota increased the 2007 rebate now to $2000 for the 4Runner so if you've gotten a price quote just recently and are considering buying soon make sure you get the extra $500 off they just released.
#1530 of 2055 Re: Wait for Rebates [ucsc]
Jul 11, 2007 (4:23 am)
I live in Chicago. I just go to the www.buyatoyota.com website and plug in my zip code and then see the rebates and offers for each car. The pattern is always the same I see. Once we get to September/October this year the rebate will jump to $2500. That is the time I'm buying.