Last post on Oct 23, 2007 at 11:22 AM
You are in the Toyota Sienna
What is this discussion about?
Toyota Sienna, Dodge Caravan, Chrysler Town and Country, Van
#131 of 140 Re: Chrysler transmissions [ateixeira]
Aug 15, 2007 (2:06 pm)
ALG doesn't really describe how they come up with their ratings, that I could see. Most likely, like the others, they use MSRP values, not actual transaction prices for their comparison. That's about all they can do easily, as I doubt anyone publishes TPs. So, for example, I spent $19,000 in 2005 for my DCX van (most people at the time would have spent $24,000 but I had employee price), MSRP was about $28,000. Maybe it's worth about $18,000 now? That's not bad. What if I had spent the $32,000 on an Odyssey instead? It's now worth about $26,000 but I would have had to spend an extra $10,000 to drive an Ody, paying more in finance too etc...
I don't lease, never will as it's worst than buying.
Looks to me to be about equal losses at worst.
#132 of 140 Re: How does ALG compute their depreciation data?[ateixeira]
Aug 15, 2007 (3:39 pm)
I got RIPPED OFF buying a NEW 2006 Sienna LE because it depreciated about $ 10,000 after I had driven it less than 3,000 miles. A Toyota dealership used car manager said my mint condition 2006 Sienna LE had a value of $ 19,000 although I paid $ 29,280 for it.
WHERE were NEW 2006 or 2007 Sienna LE's selling for $ 23-24K?
#133 of 140 Re: How does ALG compute their depreciation data?[ateixeira] [hansienna]
Aug 16, 2007 (7:18 am)
What package did yours have?
Fitzmall.com sells Toyota at no-haggle prices. Their price for an LE package 3 back in May was $25,447. I got an e-price from 355 Toyota for $25,247. CarMax also has a Toyota store in MD and their price was also in the $25k range.
Perhaps the prices were higher when you bought yours. I did get a $1250 rebate. The prices are actually slightly lower now:
You may have been ripped off at the time of purchase by paying more than others did. Depends on what package you got, though. Did you get a rear DVD screen?
If so, the dealer low-balled you. If not, your original price wasn't that great.
#134 of 140 Re: Chrysler transmissions [dennisctc]
Aug 16, 2007 (7:33 am)
Employee discounts have to be considered seperately. You got a much better deal with that discount than you could have with any other brand, so naturally you did the right thing.
To be honest I doubt a 2005 DCX is worth $18,000. That same dealer, fitzmall.com, has a Dodge store, and used ones sell at this dealership (dealer retail) for under $15k.
Just checked, they have an 06 Grand Caravan SXT for sale right now, 30k miles, $14,837.
There's no way you could even get $18k from a private party sale, that's $3 grand more than a dealer's asking price. And yours is an 05, a year older.
Let's say you could match the dealer, i.e. best case scenario. You still only paid $19k, so $4k depreciation is very reasonable. Congrats.
The average consumer, without the employee discount, would have had $10,000 in depreciation.
Again, now, sticking with the same dealership, a new Sienna LE passenger is $23,445 with package 2. The same dealer, again, is selling two 06 models used for $20,995 and $20,977. This is for package 1, with less equipment and about 50 fewer horsepower, too.
They always have a supply of 1 year old used vans because they rent Siennas there. So there are rental cars. One has 27k miles, the other has 30k miles. Both are LE package 1.
So beat up, very high-mile, used rental cars with less equipment only depreciated $2500.
Forget ALG if you want, these are real-world prices from the same dealer. And they are no-haggle, this is the price you would pay, period.
It was not worth it for me to buy used Siennas because as you can see in my region, they do not depreciate AT ALL!
hansienna is being low-balled, his van is worth a lot more than he was offered.
#135 of 140 Re: Purchase price new vs. Trade In Value later? [ateixeira]
Sep 09, 2007 (9:05 am)
QUOTE: If so, the dealer low-balled you. If not, your original price wasn't that great.
Probably a combination of both although the price I paid was considerably less than Edmund's TMV at the time. There was NO Toyota rebate on mine so the current $ 1,500 rebate cheated me out of $ 1,500 right off the top.
Buyer beware: Don't EVER buy a NEW Sienna without a Toyota rebate of at least $ 1,500.
#136 of 140 Re: Purchase price new vs. Trade In Value later? [hansienna]
Sep 09, 2007 (8:15 pm)
I think for 2008 model, the price is lowered about $1,500 (you have to get a higher package upto 2007 model year that is included now standard in 2008).
#137 of 140 Re: Purchase price new vs. Trade In Value later? [hansienna]
Sep 10, 2007 (11:12 am)
Some say timing is everything.
There is actually a $2000 rebate on 2007s in some regions right now, though I don't see any left over in the local dealer's inventory. They only have 2008s.
They did lower the price a tad for 2008, and the new package, now called Extra Value Packages, cost a little less.
Don't be fooled, though, they did cut some content.
Basically, they added:
* VSC is now standard on the CE and base LE models
* Bluetooth is now included with the JBL stereo
But they cut more than they added:
* JBL is no longer standard on XLE, it's a costly option
* tow prep package is deleted, now a $220 option
* fog lights are gone from some models
* DRLs are gone from some models
My LE, the way it is, would have gained nothing at all. I already had VSC, and I didn't get the JBL so the 2008 model equivalent would add exactly nothing to my van.
I would have lost the tow prep package and the DRLs, however.
So for me the 2007 model is a better deal, especially when you factor the rebates, the prices are slightly lower for MORE content (DRL, tow prep pkg).
Sadly, nothing is free in this world!
#138 of 140 Re: How does ALG compute their depreciation data?[ateixeira] [hansienna]
Oct 19, 2007 (2:41 pm)
Everywhere. I got my 2008 LE 8 passenger for $24K. Minivan prices are not where they used to be in the past. I guess supply & demand plus rising gas prices. More pple are getting SUVs as they get bigger and has similar features as minivans.
#139 of 140 Re: How does ALG compute their depreciation data?[ateixeira] [hansienna] [dhishi]
Oct 23, 2007 (11:22 am)
Better for us. Minivan prices make them a major bargain right now.