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Prices Paid: Buying & Leasing Experiences Toyota Venza Prices Paid and Buying Experience
406 messages, Last post on Nov 04, 2009 at 4:22 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: vestirse (Jun 30, 2009 6:32 pm)
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Replying to: svofan2 (Jul 01, 2009 4:06 pm)  I'm wondering a few things about my buying experience. I've come to some conclusions that perhaps are incorrect. 1. I've heard that dealerships have quotas and if they haven't filled them yet, buying at the end of the month may save you a lot since they are trying to meet their quota. I bought at the end of the month... 2. I've also heard that dealerships have a certain time in which to sell the car before the manufacturer keeps the holdback. It's usually about 3 months, according to a few sources I've read on the web. I've checked the manufacture date on the door jam on my Venza and it was indeed manufactured 3 months ago... Either of these true?
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Replying to: vestirse (Jul 01, 2009 9:58 pm) The dealer has to pay a bank to finance his inventory. Assuming he is paying 8% interest (not likely that high), then in three months, he would pay the equivalent of the 2% holdback on an individual unit.. But, Toyota doesn't take away any of the holdback.. the dealer still gets the full amount. It used to be that the manufacturers provided financing for all of the inventory at their dealerships... but, that just isn't the case today. The banking industry is very competitive (okay, maybe not in the last year), and dealers can choose to go wherever they get the best deal. So... the idea that an older unit doesn't have any holdback left, just doesn't wash... Each unit that sits on the lot is an expense... If the dealer has paid interest to keep the car on his lot for 9 months, that won't make him any less likely to cut you a deal to get rid of it.. It isn't like he can raise the price each month to recoup his expenses. Any unit that the dealer sells is one less unit that he has to finance the next month.... He gets paid an equal amount for holdback, on all identical units, no matter how long they have been on the lot.. regards, kyfdx
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Replying to: kyfdx (Jul 02, 2009 3:24 am) From my experience, he seemed very anxious to get it off his lot, but the dealership is huge with many many cars and maybe it was just eating up space. From the time I called him, he was really pushing that particular one and it made me wonder why. Suited me since I liked the black and he was willing to deal on the price but maybe it was just one of those times when the equation fit and equaled a purchase and I am trying to read too much into it  .
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Replying to: kyfdx (Nov 07, 2008 3:27 am) |
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Replying to: vestirse (Jun 30, 2009 11:58 am) |
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Replying to: greatguineapig (Jul 03, 2009 9:21 am)
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Replying to: roho1 (Jul 03, 2009 1:07 pm)
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Replying to: svofan2 (Jul 03, 2009 2:53 pm) Servco also owns most of the retail dealer network in Hawaii, so on the plus side, they are pretty good about limiting distributor add-ons. They make their money on the retail side. The downside is that they have pretty good control over pricing within the state. It's also much more difficult to buy out-of-state logistically, and Legislative changes to the way excise tax is applied to out-of-state new vehicle purchases sapped a lot of the potential savings. |
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Replying to: greatguineapig (Jul 03, 2009 9:21 am)  ) Toyota Distributors. Svofan2 has helped alot with the frustration level and providing me with some insight. If nothing else I'm alittle better prepared for the second round coming. If you really don't care about (or for some indifferent or with a fat wallet) it's relatively easy to get a really nice internet quote. Of course the price of the vehicle is very very bloated but hey for many people that's still a good deal to get something you don't want but at a discount. Anyway, enough with the griping, but if anyone who is dealing with a Toyota dealership NOTin the Distributors areas please post and let me know if they're more flexible. I'm going to try in a few more months. |
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