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SUVs Toyota 4Runner Toyota 4Runner: Prices Paid & Buying Experience
1781 messages, Last post on Oct 03, 2009 at 7:03 PM
You are in the Toyota 4Runner Forum. Your Hosts are steve_ & tidester
Did you get a good deal on your 4Runner?
Share your experience here!
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Replying to: jfritsch (Aug 12, 2008 6:35 pm) |
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Don't really mean to be a party pooper with many on the truck forums, but if one looks up a 38000 pathfinder on kbb.com (used 07 with average miles ) and finds it has a trade in value of about 17000 if that, (this is what your 08 will be worth in 12 months) 27000 (35% discount) is not really anything to write home about. Eating 10 grand to drive an unpopular gas consuming vehicle the first 12 months is really not that appealing. As for Crazy sale (dealer ad) , its the dealers and factory going crazy to get rid of them and people crazy enough to buy them at such small discounts. I believe a 08 34000msrp 4runner has a trade in value of about 17000 (07), making even a 9000 off msrp deal nothing to write home about. Perhaps the price situation will improve as the manufacturing adjusts (and used vehicle supply) over the next few years but 10-15k off msrp now is about what these vehicles are worth. If you need one fine, but don't go buying because of the "huge" 8-10k discounts. Happy huntin --jjf |
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Replying to: jfritsch (Aug 12, 2008 11:16 pm) More like when it rolls out the door. |
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Replying to: jfritsch (Aug 12, 2008 11:16 pm) another thing is that Pathfinders depreciate far quicker than 4 runners (which is why I bought a used Pathfinder years ago). If I considered a Pathfinder an eqivilant vehicle (personally), i would buy one used before I would buy a used 4runner. Some buyers, like myself, hardly consider resale because they intend on keeping the vehicle until it is almost worthless anyway. The unfortunate thing is that the info you posted should justify very low prices for SUVs. But the reality seems to be that dealers have a certain price on each vehicle that they won't go below - even if they have to sit on the vehicle for months. Maybe they're waiting for the mfr to bail them out with more incentives. i don't know. It just seems ludicrous that a dealer would hold onto a car well into the next model year (for months and months) rather than just drop it another $1000 and move on. But that is what they seem to do. In other words, it seems a dealer would die with a vehicle rather than actually sell it at a $1000 loss (not $1000 below invoice, but $1000 under their cost). maybe they know the mfr will eventually give them more incentives or maybe they'll just use it as a loaner. I don't know, but it kind of flies in the face of supply and demand.
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Replying to: lilelvis (Aug 13, 2008 10:24 am) 25000 for a vehicle worth 17000 trade in is no great shakes (23000 is ok, but still) especially for an unpopular vehicle getting 20mpg. Toyota is great at working its customers just as gm is theirs. At this unusual time you should be able to get much more off. If Toyota has its inventory control in gear (they don't depend on trucks as much as domestics) they'll do the usual and work their devotees for top dollar. If they've got it really in gear you may not even be able to get the usual august 7000 discount in your area. If so the 07 used mkt may be where to look. 170 vehicles in a 30 mile radius may be a huge supply lying about, requiring a factory incentivevized "sale" . 20 or 30 lying about end of model year are leftovers that can be held onto over the next few months and sold (to the 10-20% of buyers who are truely clueless,or desperate) for good profit. Usually to those specifically looking for a "leftover" to save some money on. The profit on these sometimes approaches or exceeds the avg profit on the new ones. (why sell it to you for a 1000 loss if in a few months it will go for a 3000 profit from some guy with 4 kids in the showroom who's 13 year old car just exploded? (he drive's em until the wheels fall off) That small supply can be worked off like this. The old, I don't care because I drive em until the wheels fall off is illusory, usually not too harmful because there seems to be some limit to how much people can be taken anymore but with trucks this year pretty impressive. Theoretically, paying 34000 full msrp for a vehicle that could be purchased for 23000-26000, should be purchased for 21000, and has a trade in of 17000 in 12 months should be irrelevant as you're holding on to it for 12 years, 34000, 26000 whats the diff, why even quibble over $2000? Eating 10000 1st year from purchase price on a 38000 msrp Pathfinder LE or 10000 on a 34000 4runner (purchased for 27000) is 10k regardless, and Toyota's better depreciation etc becomes a bit meaningless, especially for trucks now. Get 10-12k off these machines new (08), see if you can pick up a used 07 for around kbb wholesale, or pay up if you really really need a new big SUV. If thats the case your best bets may be with the domestics. Good luck --jjf
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Replying to: jfritsch (Aug 13, 2008 3:54 pm) The gas mileage for me is actually better so far than what I was driving. I had a Liberty that got about 17.5 miles on the highway and the 4Runner is getting 19.5 so I improved but I know that I am in the minority. |
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Replying to: donsell (Aug 12, 2008 5:31 pm) |
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Replying to: as91 (Aug 14, 2008 9:57 am) |
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Replying to: as91 (Aug 14, 2008 9:57 am) Just my $.02
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Replying to: toyotaken (Aug 14, 2008 12:10 pm) Figure in how smart you work your trade in another $800-3000. And of course financing ($500-3000 over 4 or so years). Don't spend too much time wondering why some different sources vary $100-200 on the invoice price of a certain vehicle. Good luck --jjf Why waste the money? The figures are just as easily obtainable here on edmunds. Consumer reports is just looking to soak you for the $15-$30 to get their "advice". Or just as easy, when you're at the dealership, ask to see the invoice. If you're working with any sort of reputable dealership, they should be willing to bring you the invoice to look at. Toyota doesn't have volume incentives like many other manufacturers, and if you're working on a vehicle that has rebates or special financing, the invoice is the accurate amount that the dealership paid for the vehicle. Just my $.02
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