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You are in the Prices Paid - Buying & Leasing Experiences
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Toyota Tundra, Truck
#591 of 838 Re: Is this a good price? [davedelite]
May 26, 2008 (5:20 pm)
I was simply wondering what other people are paying, I know how to calculate invoice but knowing how people are actually doing with the price of gas going up is also valuable information.
Here are the numbers:
2008 Toyota Tundra Limited 4dr Double Cab 4WD SB (5.7L 8cyl 6A) w/ NAV.
I think that puts me about $4,400 under invoice, 3K of which is the rebate, (I'm providing financing.)
I'm probably going to pounce on this deal tomorrow, I just need to see if I can get a great deal on the factory warranty and research if this $399 document fee is legitimate.
Thanks for your advice,
#592 of 838 Re: Is this a good price? [shannondan]
May 27, 2008 (6:18 am)
The document fee is irrelevant. Get competing quotes inclusive of all dealer fees. (doc, advertising, prep, alimony) etc.... and possibly tax in your state and county.
Doc fees are very useful to surprise walk-ins and others for another 400 in profit who don't know any better. They threaten to walk but most don't, they're exhausted. Dealers usually have the forms printed with the fee on it and for one reason or another given the section of the law they fall under they can get into hassles giving one person a lower fee than another, instead of being consistent. Getting the price 399 or so lower is more practical.
A 7yr 100kmi bumper to bumper warranty should be about 1200 or less. Avoid paying 1800 or 2000 for these regardless of the refund provisions, etc...
#593 of 838 Re: Is this a good price? [jfritsch]
May 27, 2008 (4:50 pm)
jjf et al.
Here is the final deal:
2008 Toyota Tundra Limited 4dr Double Cab 4WD SB (5.7L 8cyl 6A) w/ NAV.
Final Offer: 34,480.
7/70/0 Toyota Warranty $900.
Thanks for the help!
#594 of 838 Re: Is this a good price? [shannondan]
May 27, 2008 (9:49 pm)
$1,400 under invoice from the dealer (netting out the rebate) is about as good as I have heard. I got about the same, in equivalent terms of value I guess, when I figure I got $1,000 off invoice from the dealer, had him match-trade for a "core" vehicle limited, and then customized it at the port in final assembly to essentially arrive as an ordered vehicle to me 2 weeks after I struck the deal. That, and the fact the dealer put me in a loaner car for free for 9-14 days since I sold my previous car faster than expected and was without wheels is pretty good value (since I did not have to rent a car at $35 per day, etc.).......
So, you should be very happy with your deal I suspect. Not sure how to read the extended wty. In all my previous history I have never bought into the value of those, and in fact, have never lived to regret it. But, $900 is not much. I still will likely skip it....
#595 of 838 Re: Is this a good price? [davedelite]
May 28, 2008 (2:17 am)
I decided to spring for a warranty because Consumer Reports predicted reliability for the 4X4 Tundra is not good. I know you're usually OK with not getting a warranty but I have a feeling a $0 deductible transferable warranty is one of the things (like nav) that will make this truck stand out when I sell it or trade it in five years from now.
#596 of 838 Re: Is this a good price? [shannondan]
May 28, 2008 (10:40 am)
This is the deal I have in Arizona on a Tundra "Limited", DBL cab, 4X4, std bed, 5.7L. We wanted white, as we live in Arizona, and also nav, none to be had so we had to order. I tried most dealers in the state and e-mailed and called trying to get below invoice, but could not make it happen. Even tried the end of the month, dealers would call back later after saying no and would say no a month later, when they folowed up.
NV (nav); $1,368
OF (off rd TRD) $32
P7 (XM redio) $359
WHSL FIN RES $785 (Is this for real?)
So above is the invoice on an "08" on a special "build" as toyota calls it, the dealers I have dealt with will only go $200 over the above. Most dealers do not want to order/build, one even told me to buy a domestic truck if want special options and colors, white is special with navigation? That Whole sale finacial reserve bothers me, I have never seen that before, is that for real? I do not have the truck yet. Part of the deal is no dealer add ons, no nothing, this is it. Of course on top of this are the insentives. Once again, most dealers told me with insentives it was a below invoice deal. I know for a fact that the Tundra is not selling well and dealers want to get rid of what they have in inventory, so if a person can find what they want in inventory they might get a better deal. I might get the warranty with the truck also, what is invoice on the Toyota warranty?
#597 of 838 Re: Is this a good price? [mrvman]
May 28, 2008 (3:44 pm)
I love this truck. I was getting cold feet because I was doing all the dealing over the phone for a solid week but I drove it again today before I signed the purchase agreement and this is the truck to end all trucks. Far more luxurious and powerful than my 1997 F-150 Lariat 4X4 with the 5.4 V8, the last truck I owned (and loved). When you sit in the Tundra you really feel like a king of the road, especially if you're a tech dork that likes the bluetooth nav system.
I wasn't able to determine what invoice was on the warranty but I read of someone getting the Tundra 7/75/0 warranty for $790 elsewhere in this lengthy thread. That'd be a good number to aim for, if improbable.
I decided not to go with the warranty when I closed today because when I insured the truck with Geico this morning they told me I get free 7-year mechanical breakdown insurance (a warranty you can take anywhere) with my normal insurance. I asked the Geico representative what the difference was between their (free) warranty and the one I was going to buy from Toyota and they said that I can take my truck anywhere, including the Toyota dealership, for repairs on any component not including normal wear and tear or abuse. Sounds like the toyota warranty to me.
I don't know how good this warranty is but I decided not to include the Toyota one in the financing until I knew more. I bought the truck anyway at $34480 + tags & taxes (approx 36,800 out-the-door price) and it drives like A DREAM! As soon as you get your truck someplace appropriate, turn off the vehicle stability control and floor it. Holy moly.
Don't let them out-negotiate you. With gas prices the way they are you can steal one of these beauties if you out-wait them. There were 48-hour stretches during the last 7 days when none of the five dealers and I were calling each other. Inevitibly, my phone would ring and one of the internet managers would announce a breakthrough with the General Manager and they've managed to come up a thousand on my trade-in, or come down on the Tundra. I let the deal hang for a full day (Monday) over the last $400 bucks, which they said was impossible. I said fine, I was probably nuts to buy a V8 in this market anyway but I couldn't help myself. A day later they caved, threw in rubber floor mats and I gave them my credit card # over the phone to put the truck on hold. Like yours, it's the only one of it's kind in a 5-dealer radius, exact color match and everything.
Also, I did make it a point to visit two of the closest dealers and spend an hour there, and then excuse myself before we could sit down at their desk. I hoped this would make them think I was a more serious buyer. When it came down to people doing numbers over the phone, only the two dealers I visited took the time, the other three bailed as the numbers got more and more favorable to me.
#598 of 838 Re: Is this a good price? [mrvman]
May 29, 2008 (12:18 am)
TDA looks slightly high, but again, it varies by region.
Holdback is correct at $775 (2% of base MSRP)
WFR is not correct - should be $387 (1% of base MSRP)
$200 over is a very aggressive price on a special order, given you can find a "reliable" dealer to actually "preference" or submit a "build request." It's not clear, did you get a dealer to put in a build request for you, and if so, did it get approved?
I do understand why a dealer wouldn't want to place a factory order right now, especially on a Tundra. Most dealers can't move their current stock, so ordering a vehicle takes a future vehicle out of (his) allocation. It's much more beneficial to "special order" when a vehicle has a higher demand. If your deal falls through (which they do all the time), the dealer is stuck with one more Tundy that he can't sell, instead of that 4-cyl Tacoma he could've had. Make sense?
Remember: There's gonna' be a trade-off on a special order, you will pay slightly more, but the flip side is you'll get exactly what you want. You have to decide what's more important? You're certainly not being gouged at $200 over if they come through with this deal, and there should be no shame on your side for accepting that deal.
#599 of 838 Re: Is this a good price? [ocautoseeker]
May 29, 2008 (6:46 pm)
Thanks for the reply, I did find a dealer to order a Tundra with all options posted, for $200 over. I had problems with the build/order with towing mirrors. The dealer I am using kept submiting the order with TM towing mirrors and it kept being returned (this is the reason I am using this dealer as he would work with me on options), this went on for a couple of weeks. I called Toyota and was told, towing mirrors are not available on a Limited in the Denver region, Arizona, and if I want them, buy the truck in California. The dealer has tried, so I will buy the mirrors from parts when I get the truck. I do not have the truck yet, it was built Tuesday (27 May) out of San Antonio. I am told the truck should get here in the middle of next month. What is the going price on the Toyota platinum warranty?
Thanks for the time.
#600 of 838 Re: Is this a good price? [mrvman]
May 29, 2008 (10:28 pm)
Don't have an exact dollar amount on that warranty, but expect a 50% or more mark-up from retail.