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Joined: Dec 2018
Posts: 1,180 Likes: 13
6 point
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6 point
Joined: Dec 2018
Posts: 1,180 Likes: 13 |
As long as the majority of people keep playing their games and paying their prices, they have no incentive to change.
Even though dealers are still trying to charge crazy high prices for their used inventory (because they all paid too much for them) they’re no longer paying good money for trade-ins. This has dropped the pricing on private sale used cars and are prices are still falling. Don’t give the dealers your business if you don’t like their practices.
Last edited by thayerp81; 07/04/23 10:08 AM.
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Joined: Jan 2002
Posts: 1,181 Likes: 3
6 point
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6 point
Joined: Jan 2002
Posts: 1,181 Likes: 3 |
The Toyota website has inventory search capability, use it to find the vehicle with the colors/options you want. Pick your dealer, and make your deal. Toyota changed its website so you can no longer see future vehicle availability, the bank of vehicles waiting to be assigned to a dealer. Now you can only see the dealer availability. Toyota is helping to screw the consumer by eliminating the ability to choose a vehicle, and then choose the dealer. I am sure the dealers whined, so Toyota changed it.
The "waiting list" crap and the MSRP, or worse, the MSPR plus "market adjustment" pricing models made me abandon Toyota entirely. I had purchased and driven many different Toyota Corollas. But when I replaced my work car (long daily commute, 138 miles round trip) it wasn't another Corolla. I will not pay MSRP, and will certainly not pay MSRP plus additional markup. But folks keep doing it, so the dealers aren't changing. The dealers are LOVING it. This new way of doing business means a huge profits for the dealers. They want to keep up the facade of low supply.
"To anger a conservative, lie to him. To anger a liberal, tell him the truth." - Theodore Roosevelt
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Joined: Feb 2006
Posts: 726
4 point
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4 point
Joined: Feb 2006
Posts: 726 |
The Toyota website has inventory search capability, use it to find the vehicle with the colors/options you want. Pick your dealer, and make your deal. Toyota changed its website so you can no longer see future vehicle availability, the bank of vehicles waiting to be assigned to a dealer. Now you can only see the dealer availability. Toyota is helping to screw the consumer by eliminating the ability to choose a vehicle, and then choose the dealer. I am sure the dealers whined, so Toyota changed it.
The "waiting list" crap and the MSRP, or worse, the MSPR plus "market adjustment" pricing models made me abandon Toyota entirely. I had purchased and driven many different Toyota Corollas. But when I replaced my work car (long daily commute, 138 miles round trip) it wasn't another Corolla. I will not pay MSRP, and will certainly not pay MSRP plus additional markup. But folks keep doing it, so the dealers aren't changing. The dealers are LOVING it. This new way of doing business means a huge profits for the dealers. They want to keep up the facade of low supply. I'm right there with you on paying above MSRP plus taxes. I wouldn't be in the market for a new vehicle but we have twin grandbabies now. And my wife wants a vehicle with more room than her Honda Accord for when we have the twins with us. Also its been 11 years since she had a new vehicle. Her Accord has right around 100k on it and I plan on using it to drive back and forth to work and selling my little work car.
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Joined: Oct 2013
Posts: 3,170 Likes: 6
10 point
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10 point
Joined: Oct 2013
Posts: 3,170 Likes: 6 |
Kind of weird looking when you drive by a place like Hoover Toyota and see the big lot that used to be packed out now a few vehicles are spread out. Prices are way over inflated, but folks keep buying them.
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Joined: Dec 2017
Posts: 16
spike
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spike
Joined: Dec 2017
Posts: 16 |
I ran into the same issue with Toyota back when you could negotiate a price. I was offered $2500 discount to use Toyota financing. Read the fine print, confirmed I could pay it off fully after 1 month w/o penalty. I paid 1 months interest( think it was less than $20 ) , done. Probably not something you can get these days, but sometimes they, and other car dealers, offer these types of incentives. Gonna keep my 4 Runner till wheels fall off.
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Joined: Jul 2010
Posts: 9,908 Likes: 2
14 point
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14 point
Joined: Jul 2010
Posts: 9,908 Likes: 2 |
The reason prices on cars have gone up this far is because of the financing terms. 20 years ago you had to pretty much go to a credit union to get 60 months on a vehicle.
Now I would bet the average term is 84 months.
This has been trending this direction since the 2008 crisis with all the big bailouts we gave the Auto makers back then. They changed the money game and we are nearly to the point a vehicle costs 2x as much as it did before we bailed them out.
It's rigged. This is the real problem with vehicle prices... they know people are stupid as hell and therefore have decided to lend on anything at any term to get the payment where it needs to be.
Crooks.
No government employees were harmed in the making of this mess.
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Joined: Dec 2002
Posts: 14,381 Likes: 65
Booner
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Booner
Joined: Dec 2002
Posts: 14,381 Likes: 65 |
I went to Tameron Honda last year to help my son buy the new redesigned civic. The price they quoted me was 4-6,000 higher than anything I’d seen advertised. I told the guy look let’s just order a new one off of Hondas website, he said we can do that, but when it gets here we’re gonna mark it up 4-6000.00 for Market adjustment”. We left
Everything woke turns to shucks
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Joined: Sep 2012
Posts: 24,257 Likes: 323
Freak of Nature
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Freak of Nature
Joined: Sep 2012
Posts: 24,257 Likes: 323 |
Recently purchased a 2023 GMC Sierra. Had to pay sticker price. There are discounts on some Sierras, but not if you want the 3.0 Duramax with Premium Plus package.
So basically just an updated model of my 2020 GMC sierra and I didn't get an $8K discount that i got three years ago and the MSRP was @ $8K more than three years ago.
Dying ain't much of a living boy...Josey Wales
Molon Labe
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