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Toyota Corolla Prices Paid and Buying Experiences

781 messages,  Last post on Dec 05, 2009 at 3:00 PM

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

What is this discussion about? Toyota Corolla, Car Buying, Car Leasing


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#542 of 781
Re: Is this 2010 Corolla LE price good? [abchin486] by rjose
Jun 17, 2009 (4:37 pm)
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Replying to: abchin486 (Jun 17, 2009 5:45 am)

I'm sorry, but was the "sigh" really necessary? I'm doing the best I can in my car buying research.
 
I need to mention that I am seeking the help from a person who works for AutoLand. I went into a couple of dealerships and did not like my experience at all with the salesmen. Therefore, it was recommended, through my credit union that I ask AutoLand to help me because they do all the hassling and bargaining for me. At first I was going to take Toyota's rebates and finance through my credit union but in order to get Toyota's rebates you must finance with them. Therefore, I am financing through the dealership instead of the credit union but the person from AutoLand is still helping me get a good deal. With that said, it is difficult to discuss the rebate after the fact because upfront he asked me, "do you qualify for the college rebate" what was I suppose to say? "Maybe I do, maybe I don't?" Also, the dealership the person from AutoLand is dealing with is from Torrance, so I am not sure what the MSRP or their sticker price is.
 
Today he just spoke to me and now the OTD price is $17,600.14. There are no additional costs, the amount I have to pay is $17,600.14.
 
I have the official contract in my hands, and here is the breakdown of it:
APR: 3.9%
Finance charge: $1,574.46
Amount financed: $15,100.14
Total payments: The amount you will have paid after you have made all payments as scheduled: $16,674.60
Total sale price: Down payment: $4,000 (this includes $1500 in rebates and my $2,500 down payment)
= $20,674.60
 
Monthly payments are: $277.91
 
Cash price of motor vehicle and accessories: $17,160
Documentation preparation fee: $55.00
Sales tax: $1,592.39
Total cash price: $18,807.39
 
Is there any information you would like for me to give you?
#543 of 781
2010 Corolla LE by carbuyer88
Jun 19, 2009 (8:35 am)
Reply
Purchased a 2010 Corolla LE with cruise control, keyless entry (package), carpet floor mats, all weather gaurd for 14,895.
 
With taxes (MA), doc fee and registration it came to 16,045. Also opted for Toyota financing.
 
Thanks guys for all your help. Hope my info helps someone.
#544 of 781
Re: Is this 2010 Corolla LE price good? [rjose] by carbuyer88
Jun 19, 2009 (8:36 am)
Reply

Replying to: rjose (Jun 17, 2009 4:37 pm)

Based on what I paid, the price to appears to be a bit high. I would suggest wait for a week or so if you are not in a hurry. They might have to meet the end of the quarter target and prices will come down.
#545 of 781
Re: Is this 2010 Corolla LE price good? [carbuyer88] by rjose
Jun 19, 2009 (9:47 am)
Reply

Replying to: carbuyer88 (Jun 19, 2009 8:36 am)

Thanks for your response. Yeah, I still feel that it is a bit high, but then again I live in CA where the taxes and other costs may be different than what they are in MA. Thanks again for your note, but I think I'm going to take the deal.
#546 of 781
Re: 2010 Corolla LE [carbuyer88] by jamg
Jun 19, 2009 (11:17 am)
Reply

Replying to: carbuyer88 (Jun 19, 2009 8:35 am)

Hello Carbuyer88,
 
Which dealership (or city) in MA did you work with? Would you recommend them?
 
Thanks,
 
JAMG
#547 of 781
2010 Corolla LE in CA by markjoe
Jun 19, 2009 (5:02 pm)
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hi, I just bought a 2010 Corolla LE in CA.
 
base LE + Cruise Control + Keyless = $16800 OTD.
I asked the salesperson to throw in a Carpet, he charged me $100. Then it turned out that he did not throw in the trunk carpet, and he refused to do it after I found out. He argued the trunk carpet is a different option from the front&rear carpet (I believe he lies. Please correct me if I get him wrong). Is it fair to get the whole set of carpet for $100?
 
So $16800 + 100 for carpet = $16900 OTD. (I believe this is not the great deal, but a OK deal)
Then I used the $1000 rebate for college, which brings it down to
$16900 - $1000 = &15900.
I downpaid 10k, then I need to finance about $5900 for a apr5.9%.
The tax in CA is 9.25%.
The finance guy also mentioned, as a part of Obama's stimulus policy for this year, I can get the tax for the car and registration fee back when I file the income tax for 2009, is this true?
#548 of 781
Re: 2010 Corolla LE in CA [markjoe] by kyfdx HOST
Jun 20, 2009 (7:03 am)
Reply

Replying to: markjoe (Jun 19, 2009 5:02 pm)

You can't get the tax back.... but, you can deduct it off of your income...
 
That means you save the federal income tax on the amount of the sales tax..
 
So, if the tax was $1500 and you are in the 25% federal tax bracket, then your savings will be about $375.
 
As always, consult a tax professional..
 
regards,
kyfdx
#549 of 781
Re: 2010 Corolla LE in CA [kyfdx] by markjoe
Jun 20, 2009 (12:52 pm)
Reply

Replying to: kyfdx (Jun 20, 2009 7:03 am)

Thanks very much, kyfdx.
#550 of 781
NY/NJ - 2010 Corolla LE for 16,000 (basic features) by fountainhead
Jun 20, 2009 (2:54 pm)
Reply
The lowest phone/email quote I am getting from NY/NJ dealers for a 2010 Corolla LE is 16,000. I plan to go to the dealership and negotiate for $400 or so lesser than that.
 
The price quoted includes the $500 cash-back Corolla is giving currently. Features include auto-transmission, all weather guard package, cruise-control, keyless entry, carpet mats - the basics.
 
Is this a reasonable price or am I being over-quoted ? Please let me know as I want to purchase it while the $500 cash-back is available.
 
Thanks !
Maya.
#551 of 781
2010 Corolla LE by outbackj1
Jun 20, 2009 (3:35 pm)
Reply
Just picked up my Corolla from a dealership in NY and used the AAA Auto Buying Club discount. I was given the dealer invoice (approx. $16,000) and AAA adds just $200 above that. So all in all I think I did very well. My question is I don't see any attachments to put up a cargo net inside the trunk. I happen to have one but it doesn't look like I can use it. That is disappointing. Does anyone have any ideas?
Thanks, Jan

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