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Toyota Camry Solara Prices Paid and Buying Experience

244 messages,  Last post on Aug 15, 2008 at 2:19 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Toyota Camry Solara, Coupe, Convertible


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#68 of 244
by mikeb4
Oct 15, 2004 (7:49 pm)
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I got my SLE convertible (Cosmic Blue with ivory interior) today. The only option that I got was the floor mats. My out the door price was $28,424 (includes $3,200 for trade-in of my Celica). I got $500 off MSRP and no documentation fees.
 
I bought my Solara at Toyota of Hollywood which is located in Hollywood, FL. The entire deal was with the internet salesperson and I really enjoyed buying the car this way.
#69 of 244
2005 Solara SLE Convertible by lbrown
Oct 19, 2004 (2:36 pm)
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Working on purchasing a 2005 Solara SLE and trying to understand my negotiation room.
Reading through all these discussions, I now understand that the Invoice price actually includes Dealer's profit and that I should negotiate from the Invoice Price , not the MSRP. Two questions:
1- After the Holdback price substracted from the Invoice price, is the dealer still making some profit when he sells the car at a invoice price?
2- I would like to add some option to the car. Options also have their Invoice and MSRPs. Is it fair to ask for Retail price of all options?
 
In summary, here is the price I want to pay the dealers:
Base invoice price+destination charge-Holdback+Options with "Invoice prices"
 
Is this realistic?
 
thanks
#70 of 244
Re: 2005 Solara SLE Convertible [lbrown] by kirstie_h HOST
Oct 20, 2004 (6:06 am)
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Replying to: lbrown (Oct 19, 2004 2:36 pm)

If you do a search here on the keyword "holdback," you'll find some archived discussions about how it's implemented. Basically, unless you know what the original holdback amount is, and how it diminishes over time, you won't be able to come up with a current, accurate figure.
 
Second, dealers are generally reluctant to give you any of their holdback. That's meant to help cover their operating expenses, and isn't usually part of negotiations. As a consumer, you can, of course, offer any price you like. However, be prepared to have any offer that includes holdback as part of your "discount" rejected.
 
kirstie_h
Roving Host & Future Vehicles Host
#71 of 244
Re: 2005 Solara SLE Convertible [kirstie_h] by lbrown
Oct 20, 2004 (4:43 pm)
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Replying to: kirstie_h (Oct 20, 2004 6:06 am)

Thanks. I got a quote from a dealer today for a 2005 SLE Convertible ($30,975), which is $1644 below the MSRP.
 
Do you think it is a good deal?
#72 of 244
by kirstie_h HOST
Oct 20, 2004 (6:27 pm)
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I sure hope it's loaded to the gills - navigation and everything. Unless it's completely loaded, our TMV invoice pricing says you're not getting $1644 below MSRP - unless you live in an area of very high pricing! Is that an out-the-door price, including tax, title, and licensing? If so, the deal looks much better.
 
Make sure you do a report - click the "new cars" tab at the top to get started.
 
kirstie_h
Roving Host & Future Vehicles Host
#73 of 244
by lbrown
Oct 21, 2004 (9:42 am)
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$30,975 includes Navigation, Vehicle Stability and Wheel Locks as additional options. Tax and licence are not included in this price.
 
I live in Concord, California. Here is the calculation I made.
 
INVOICE MSRP
27,224 30,190 base price+ destination charge
1163 1350 navigation
559 650 vehicle stability
295 395 wind screen
37 58 wheel lock
 
$29278 $32643 TOTAL
 
Does it still look good??
#74 of 244
Re: [lbrown] by kirstie_h HOST
Oct 21, 2004 (10:16 am)
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Replying to: lbrown (Oct 21, 2004 9:42 am)

Looks like you're doing pretty well. You might be able to haggle a few hundred dollars, but to me it wouldn't be worth the hassle and possible rejection. It sounds like you're getting a car you'd love to have at a reasonable price, with all the good toys.
 
Let us know how it turns out for you, and most of all, enjoy your new ride!
 
kirstie_h
Roving Host & Future Vehicles Host
#75 of 244
'05 Camry Solara- Lease by enya18
Oct 25, 2004 (3:54 pm)
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Has anyone here tried leasing a Camry Solara in the Southeast area. I live in Miami, FL and I understand that Toyota's leasing program down here is different than everywhere else. Just wanted to hear about someone's leasing experience. Thanks!
#76 of 244
Re: 2005 Solara SLE Convertible [lbrown] by leahnj
Nov 05, 2004 (2:23 pm)
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Replying to: lbrown (Oct 19, 2004 2:36 pm)

Actually, not really... You would not be giving the dealership any profit whatsoever in your scenario. You are taking invoice plus options (at invoice prices) and then subtracting the holdback. That means 0% profit for the dealership. The formula I went by when purchasing my 04 Solara SLE V6 was invoice - holdback + 4% profit + destination charge. The guideline for dealership profit is like 3-5%. The first dealership I went to accepted a 4% profit (they said no to a 3% profit). The second dealership I went to (I ended up backing out of the deal with the first one... wish I hadnt though) accepted 5% profit. make sure you add the destination charge AFTER you add the profit, otherwise you will be giving the dealership a percentage of the destination charge as profit!
#77 of 244
Re: '05 Camry Solara- Lease [enya18] by vbtoyota
Nov 08, 2004 (2:59 pm)
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Replying to: enya18 (Oct 25, 2004 3:54 pm)

Toyota is divided up into regions. The Southeast regions pricing is set by South East Toyota. The residual rates, and interest rates are set by Southeast Toyota. There are many finance companies that you can use, however the lease rates offered by Southeast Toyota are generally the best rates in our region.
 
I currently have 2 convertibles on the lot.

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