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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Matrix, Hatchback, Wagon
#157 of 240 2007 Toyota Matrix XR
Jan 11, 2007 (10:33 am)
I recently purchased a 2007 Toyota Matrix XR with a 5-speed manual, Extra-Value Package #1, All Weather Guard Package, and carpeted floor mats.
I arranged to purchase the car from a local (Wisconsin) dealer, via their website. Here's a very complete(!) description of the process:
a_cooper, "Internet vs. Traditional Car Buying" #1388, 11 Jan 2007 8:50 am
Essentially, the MSRP as equipped was $17,790. Edmunds' TMV price is $17,335. My informed estimate places the invoice price at $16,145.
The dealer's initial reply for my website request for a quote was $16,424. This is more than $900 LESS than Edmunds' TMV, and only a couple hundred dollars over invoice. Tax, title, and license were extra.
After a final test drive, we agreed on the price and I was out the door in about an hour. They made it a very quick and painless transaction, with none of the games or hidden fees often associated with car dealers.
I perhaps could have chiseled him for a deeper discount, but the Matrix XR is fairly low-priced to begin with (under $18,000), is in relatively short supply, and according to my research, currently offers no other factory rebates or incentives to the dealer.
I also feel that every auto dealer, like any other business, deserves to make SOME kind of profit margin, and I was not determined to cut him to the bone on price. Instead, I wanted to award that profit to a deserving dealer that seems to be working hard to polish the tarnished image of sleazy car dealers.
After a few weeks with the new car, I couldn't be happier, either with the Matrix or the Internet buying experience.
#158 of 240 pulled the trigger
Jan 31, 2007 (7:45 am)
last night on my second Matrix. Yes, second. My first one was an '03 bought in early '02 when they first came out, and my first foray ever into the world of automatics, which is a miserable trip I will never make again! Sold that one after 18 months, but always missed it.
So last night I picked up an indigo blue XR 5-speed stick, EVP #2, 6-CD, mats, ABS, what am I missing? Sticker was $18,960, bought it for $17,934 + fees, which appears to be about $500-600 over invoice, fine by me. And just like other posters here, that was an internet deal, just walked right in and signed on the dotted line, no haggling. It was my first time ever doing that, and I think that's the future of car-buying for me.
I already love having a sunroof again, I like that the newer models have some blue and white in the speedo and tach (my '03 was an all red dash, including gauges), and the stick shift is the only choice for this car for me. It makes it a lot more peppy than the auto.
Interestingly, that dealer had a leftover '06 XRS, sticker $22,2xx, fully loaded, that I could have had for about $2000 more. Decided to give it a pass.
#159 of 240 Re: pulled the trigger [nippononly]
by kyfdx@Edmunds HOST
Jan 31, 2007 (8:23 am)
I thought we were buying a beater this week?
Jan 31, 2007 (4:14 pm)
we were, but none of them panned out. They were all either too beaten or already sold, and quite a number never even responded to my initial inquiry.
But it works out better this way anyway - I get a Matrix with a stick shift, the way it should have been my first go around with this model, the way it would have been if I had been more patient in '02.
#161 of 240 Re: kyfdx [nippononly]
by kyfdx@Edmunds HOST
Jan 31, 2007 (6:07 pm)
Congrats on the new car, and your renewal in the CCBA club is being processed..
#162 of 240 Re: kyfdx [kyfdx]
Jan 31, 2007 (7:55 pm)
CCBA = ???? Credit Card Buyers of Automobiles?
Jan 31, 2007 (8:16 pm)
CCBA = Chronic Car Buyers Anonymous. Check out News & Views to see that thread - there are many of us addicts in there.
Feb 04, 2007 (4:26 pm)
Recently just pulled the trigger and bought one. We prenegotiated through email and phone with several dealerships and just walked in to sign the deal.
Value package #2
6 CD changer
$400 recent grad rebate
We paid $18600 out the door, considering we have 6% tax rate here, we are only paying about 1-200 above invoice.
We could have done better because after the purchase, we emailed the other dealerships and two of them readily matched this price.
#166 of 240 Advice needed: preowned fleet vehicle 2006 Matrix XR?
Feb 10, 2007 (3:09 am)
I'm an artist in the Bay Area and need to cart artwork/equipment around--I was happy with my old Camry 5 DR hatchback but time to replace...After checking a lot of models seems like the Matrix offers the space I need.
I found a preowned 2006 XR AWD, auto, 11600 mi, all power, ABS, side airbag, alloy wheels, moonroof, orig warranty, at dealer asking $17998, CARFAX says 1st owner corp fleet lease registered San Ramon, 11500 mi, 2nd owner held it for only 3 mos in Riverside--can anyone advise me whether this is a good deal/ should be checked out/ or any possible catch? Thanks!