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Toyota Corolla Prices Paid and Buying Experiences

770 messages,  Last post on Nov 26, 2009 at 6:49 PM

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


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#568 of 770
first time buying... by juliejean13
Jun 28, 2009 (4:57 pm)
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I just graduated from college and it's my first time buying a new car. I'm going to be buying a Toyota Corolla.
 
Anyways, I plan on putting 11,000$ down, getting the 1,000$ cash rebate, and doing the 2.9% financing to pay of in 36 mos.
 
The price the dealer quoted me was $16,271 for the LE model with the All Weather Guard package and the LE Extra Value package (plus taxes and fees).
 
Is this a fair price? I live in the Buffalo/Niagara Falls Region, and I would like to get the price down to $15k.
#569 of 770
Re: graduate rebate [tx_ice] by abchin486
Jun 29, 2009 (5:31 am)
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Replying to: tx_ice (Jun 27, 2009 6:10 am)

Actually....yes you can. Infact, that is how we bought our corolla (big rebate on S model followed by 1K college rebate). What you cannot do is combine low special apr with rebates. There is no writing anywhere that says you have to buy the car in cash to get the non grad rebate. The college rebate can be combined with any offer.
#570 of 770
Re: graduate rebate [abchin486] by tx_ice
Jun 29, 2009 (12:19 pm)
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Replying to: abchin486 (Jun 29, 2009 5:31 am)

This may depend on the area. At least in TX, we checked with several dealers and all confirmed that you have to finance through TFS and you have to borrow at least $10K. So when you finance, you automatically give up the cash rebate.
 
But that is great if you were able to combine both the cash back and the college rebate. Where did you buy your S from?
#571 of 770
July6 new incentive ? by stove1
Jun 29, 2009 (7:34 pm)
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Current incentives expire July 6, Gulf State Toyota region. Will there be a new incentive something ? Dealer in Houston reporting 09 LEs are sold out. Left over are stick shifts and xle models with half the rebate, twice the trashy options.
 
Toyota must be doing great in Houston, 10 customers walked in during that hour I was there, around 11 am Monday. Had to wait 10 minutes for an avalable salesman.
#572 of 770
Re: graduate rebate [tx_ice] by abchin486
Jun 30, 2009 (5:59 am)
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Replying to: tx_ice (Jun 29, 2009 12:19 pm)

I think they misunderstood you or you misunderstood them. When you do the college rebate, you have to finance through toyota. You can get the the special low 2.9 or 1.9 or 0% (whatever it is in your area) apr if you want...after all, it is still financing through Toyota. You will however lose the cash back rebate. If you chose not to do the special apr, you will be subjected to Toyota's graduate rates, which is around 5.5% for tier 1 now. This is not a special rate. It is the normal rate for college graduate car loans from most auto companies. You can still use that rate and qualify for the the cash back rebate (however big it is in your area). If your dealers are telling you that you cannot do that, then it may very well be something unique to your area, or they are all just choking your chain so you finance through the dealer.
 
Call Toyota and find out. Also, the minimum finamce is not 10K either....we financed less with no problem. This is in MA.
#573 of 770
Re: July6 new incentive ? [stove1] by abchin486
Jun 30, 2009 (6:08 am)
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Replying to: stove1 (Jun 29, 2009 7:34 pm)

yeah, Toyota is selling alot, unwillingly though. they are in "keep dealers head above water" mode (most car manufactures are) and to keep as much as their work force as busy as possible. If dealers close down, they lose market presence, they get less volume, they then have less production, then it leads to laying people off. As a result, they have to sell lots of this stuff for little profit or none at all just to keep afloat. The are relying on people not taking the rebate and going for the the low apr so they can eventually recoup the losess and they did 0% for 60 months a few months back because nothing sold at all in prior months. They had no choice at that point.
 
As for new incentives, no one knows. If we did, we would just wait until the better incetive came along.
#574 of 770
Re: graduate rebate [abchin486] by jamg
Jun 30, 2009 (6:36 am)
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Replying to: abchin486 (Jun 30, 2009 5:59 am)

I'm not sure where the confusion is coming from, but you --> CAN <-- combine the Grad Rebate with the current low APR's offered by Toyota Finance. Here is what I was able to do in MA recently (06/09) when buying my 2010 Corolla (if you're looking at closeout 2009 incentives, it might be different): Receive the $1,000.00 Grad Rebate (Applied to car, didn't take cash) Finance at 3.9% (for 60 month) through Toyota Finance Delay first payment for 90 days (as benefit of Grad Rebate) and got 1 year Roadside for no additional fee (as benefit of Grad Rebate) Hope this helps. It seems like the incentives will change after this 4th of July weekend; you might want to act fast. People are saying that "Cash for Clunkers" bill that (will be/was recently) signed might actually work (i.e. get a lot of people motivated to purchase cars) so manufacturer incentives (low APR's/Cashback) might quickly disappear and dealership might not be so motivated to negotiate low prices. Best of luck JAMG
#575 of 770
Re: 2010 Corolla LE in CA [markjoe] by jamg
Jun 30, 2009 (7:07 am)
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Replying to: markjoe (Jun 19, 2009 5:02 pm)

MarkJoe,
 
I was at the dealership shortly after my 2010 S arrived on their lot (it wasn't "prepped" for pickup yet--still lots of packaging on the car). They opened the trunk and there was a plastic bag with the carpet floor mats and the trunk carpet all rolled up together. As they came in one package, I do think you are correct and your salesperson lied to you.
 
See if you can get $100.00 credit from their service department (i.e. on labor for oil changes/tire rotations etc.) at their dealership. It won't cost the dealership as much as handing you $100.00 cash, but the value to you is the same. I used to work in a bicycle shop and we'd do this all of the time if we couldn't match the competition's prices. We'd throw in a free tune-up or two, which would normally cost the customer $65.00, but would cost the shop very little (1/2 hr to 1 hr work of an employee making $12.00-$18.00 per hour).
 
Alternatively make a stink and try to return your overpriced trunk mat, go to another dealership and try purchase the entire package for $100.00. This means at the end of the day you'd have 2 sets of floor mats + trunk mat for your $$ rather than 1 set of floor mats + trunk mat for the same $$. Not sure if all of this work would be worth it ($100.00 is a relatively small % of the price you probably paid on the car)--but if you're upset and have the time, you could always try.
#576 of 770
Re: Does 09 LE keyless opens the trunk? [mickeycat] by jamg
Jun 30, 2009 (7:17 am)
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Replying to: mickeycat (Jun 27, 2009 9:20 pm)

Hey MickeyCat,
 
I don't know about 09 LE's, but my 10 S's master key has 4 buttons: lock, unlock, panic, and trunk. The trunk button has an icon of an open trunk and is marked with the word "hold"--when I hold the trunk button, my trunk opens!
 
How many buttons did your keyless system come with? If you give us some more information someone is bound to help you out. Maybe there are two systems (perhaps a mid-year change)?
 
If you do have a trunk button, I would expect it to work. If you don't have a trunk button, I'd probably read your owner's manual to see what's up.
#577 of 770
What information to present to get the college grad rebate? by watfallet
Jun 30, 2009 (1:45 pm)
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For those of you who have taken advantage of the $1000 college graduate rebate on the Corolla, how did the dealership confirm that you were in fact a recent grad? I have not received my diploma yet. In fact, the university charges to mail it to me (I don't live nearby), so I would rather not have to incur that cost.
 
I do know that I need to bring proof of insurance and proof of employment (or future employment offer with a start date within 120 days). That information is on Toyota's website. They just don't say what, if anything, I need to bring to confirm my recent graduation.

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