Edmunds Pricing & TMV

114 messages, Last post on Nov 12, 2009 at 10:44 AM

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#88 of 114 When are 2009 prices adjusted? by galvanni Dec 31, 2008 (12:21 pm)
I was hoping to hold out until the new year to purchase a used vehicle since technically, they'll be a year older and the price should be less. Does anyone know when the prices get adjusted at Edmunds to reflect the new year? Replies to this message: volvomax (Dec 31, 2008 3:31 pm)
#89 of 114 Re: When are 2009 prices adjusted? [galvanni] by volvomax Dec 31, 2008 (3:31 pm)
Replying to: galvanni (Dec 31, 2008 12:21 pm) In the real world, used car prices generally are adjusted in the fall. Since this is the traditional start of the new model year. The will be a book drop in January, but that is normal.
#90 of 114 Re: Question reliability of price data [pa_fisherman] by tmorr42 Jan 28, 2009 (9:23 pm)
Replying to: pa_fisherman (Jul 23, 2006 4:36 am) I agree. I just purchased an 09 vehicle. Edmunds msrp $19680, inv $18300, TMV $19200. I used these numbers in negotiations. I was in no hurry to buy so I just kept pushing. Didn't have to push very hard to get dealer to $18,100. That was total price + tax & tags. Also gave me the $500 cash Back. Walked out with vehicle for $17,600. Still wonder what's up? Purchased vehicle for $200 UNDER invoice and $1100 under TMV. Something's not right.
#91 of 114 Does TMV include tax and other fees by an_h Mar 13, 2009 (8:20 pm)
Since its an average price paid, does it include tax and other fees paid ?
#92 of 114 Is TMV to high? by bowler802 Mar 16, 2009 (4:21 pm)
We were test driving a RAV4 08 22,000 miles. The salesman knew we were not buying today but had to write down a price on is card. Window said $19400 Toyota certified. He wrote down $18300 $19500 out the door. TMV with the same trim $20100 for certified. If I was serious and actually went in to buy I would like to think it would be even lower. Does the TMV include tax and fees if not why is it so high? I noticed this on another model as well? Replies to this message: tmorr42 (Mar 16, 2009 6:09 pm) isellhondas (Mar 18, 2009 2:46 pm) tmorr42 (Mar 18, 2009 4:37 pm) isellhondas (Mar 18, 2009 2:26 pm) bowler802 (Mar 19, 2009 7:45 am) volvomax (Mar 19, 2009 7:51 am) and 1 more...
#93 of 114 Re: Is TMV to high? [bowler802] by tmorr42 Mar 16, 2009 (6:09 pm)
Replying to: bowler802 (Mar 16, 2009 4:21 pm) Jan/08 Same thing happened to me. Was looking at an 08 mazda 3, TMV w/ exact options was $19200. 1st offer I got was $18,300? This really messed up my negotiation. Ended up paying $17,700. Checked back over the next few weeks/months and found out could have done even better. TMV (edmunds), Smart target price (cars.com) and Suggested retail (KBB) were all way off. In times like these I would start negotiating at least 30% below asking price. You can't go lower after 1st offer, so start LOW. You can always come up. If they let you walk and dont call you back in a week, you're prob. a little low. NOTHING IS SELLING, even Toyota, honda, nissan are HURTING. Its a great time to BUY! good luck Replies to this message: isellhondas (Mar 18, 2009 2:46 pm) tmorr42 (Mar 18, 2009 4:37 pm)
#94 of 114 Re: Is TMV to high? [bowler802] by isellhondas Mar 18, 2009 (2:26 pm)
Replying to: bowler802 (Mar 16, 2009 4:21 pm) " If I was serious" Ah,,,if you weren't serious why would any of this matter ? Of course, TMV values don't include tax and other fees. What exactly did you expect the price to be on a car you weren't even serious about?? Just curious... Replies to this message: bowler802 (Mar 19, 2009 7:45 am) volvomax (Mar 19, 2009 7:51 am) isellhondas (Mar 19, 2009 11:35 am)
#95 of 114 Re: Is TMV to high? [tmorr42] by isellhondas Mar 18, 2009 (2:46 pm)
Replying to: tmorr42 (Mar 16, 2009 6:09 pm) " I would start negotiating at least 30% beloe asking price" Really? How much do you think cars are marked up? An offer like that would mean you aren't a serious buyer. " NOTHING IS SELLING" Not true but things are definatly on the quiet side and until things perk back up(and they will) I agree, it is a great time to buy! Replies to this message: tmorr42 (Mar 18, 2009 4:37 pm)
#96 of 114 Re: Is TMV to high? [isellhondas] by tmorr42 Mar 18, 2009 (4:37 pm)
Replying to: isellhondas (Mar 18, 2009 2:46 pm) Sorry...............you are correct. 30% is too much. Made a mistake. The mazda 3 I was looking at was $20K (MSRP). I paid $17.7K, plus got $500 rebate. Total was $17.2K (14% off MSRP) Think I could have gotten another $500 - $1000 off. At $16.7K (another $500 off) = 17% and at $16.2K (another $1000 off) = 19% . I must have been over tired when I wrote 30%. My mistake. Bottom line was..........EDMUNDS had the same MSRP ($20K) but the invoice was $18.3K and the TMV was $19.2k. tHATS alot HIGHER than the car was selling for. Screwed me up big time. $19.2 (TMV) was only 4% off MSRP>.
#97 of 114 Re: Is TMV to high? [isellhondas] by bowler802 Mar 19, 2009 (7:45 am)
Replying to: isellhondas (Mar 18, 2009 2:26 pm) I am serious about buying a car but I'm not sure which one yet, I have not bought alot cars and want to get a good deal. Researching on edmunds they say use TMV to negotiate a better deal. If the sales guy is going to over $1100 under TMV before you even sit down. There starting offer is not best offer so I guess my point is how to you use TMV to get a better deal seems like it will hurt rather than help? Replies to this message: volvomax (Mar 19, 2009 7:51 am) isellhondas (Mar 19, 2009 11:35 am)

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