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For those of you who have already purchased your Tundra maybe you can help me. The attached PDF shows my invoice from the dealer on a 08 CM Limited. We agreed on a price of invoice plus $750 period, what I don’t understand is all the various fees and charges they have itemized such as:
TDA $736
Dealer Holdback $841
Whsl, Financial Reserve $420
Has everyone else been paying these same charges or am I on to something?
A little good news is the Toyota is now offering 60months at 0% in CA.
not sure about other two, but dealer holdback for toyota is 2% of MSRP (i think)...so even if they sell you the truck for invoice, they still make money...you can use that to negotiate
__________________ 2007 DoubleCab Tundra TRD 4x4
Silver Sky Sway-a-way Coliovers Total Chaos UCA's
Mickey Thompson Baja ATZ 35x12.50x20
BMF Novacane wheels
SnugTop camper shell
Black headlight mod
Plated body mount
Kenwood DNX7100 Nav/ipod/backup camera
FWIW, I'd take dealer cost for base model + dealer cost for accessories + $750 profit you agreed + destination charge and that's it = $40,752 per my calculator for those keeping score at home. To that add your state tax (3.2% in VA) + actual electronic licensing/tag cost ($40 +/-).
My invoice did not look like yours at all. Did not have that other stuff. That's the info you can normally never get BUT you do not pay those items! Hey man, where's your $2,500 customer rebate credit I'm hearing about on the radio ads for 2008 Tundras here?
__________________
2007 Tundra TRD DC 4x4, 5.7L, auto, power seat, Corsa Sport split dual exhaust, back-up camera, auto-dim rear mirror, SS running boards, tinted windows, TRD sway-bar, Husky liners, 3M paint film, audio system (Pioneer FH-800BT receiver, Alpine: SPR-17S & 17C speakers, MRP-F550 amp, 10" type S subs), Premium 1 bedliner, Lorado tonneau, bed mat,17.5 mpg
One of the salesmen there (like Cory) will be able to answer. I think the fees are legit. The TDA is what the dealer has to pay for advertizing, the holdback is the typical holdback, I forget the other one. If you get an answer over there, maybe post back here to let us know what it all means?
In the SE region, there is no TDA, since the SE region does their own scam of advertizing.
__________________
2007 Tundra DC TRD 4x4
Pyrite Mica
Bucket Seats
Cold Kit
Deck Rails
Tow Mirrors
Door sill protectors
For those of you who have already purchased your Tundra maybe you can help me. The attached PDF shows my invoice from the dealer on a 08 CM Limited. We agreed on a price of invoice plus $750 period, what I don’t understand is all the various fees and charges they have itemized such as:
TDA $736
Dealer Holdback $841
Whsl, Financial Reserve $420
Has everyone else been paying these same charges or am I on to something?
A little good news is the Toyota is now offering 60months at 0% in CA.
Thanks for your help.
Hopefully I've got the pdf attached.
TDA = Toyota Dealer Advertising (will have to pay this)
Dealer Holdback and WHSL Fin. Reserve - Tell them to kiss your butt!!
Also, I negotiated my truck for $350 below invoice. Even thou Toyota's have been selling better than the other big 3 you can talk them down even more. If I were you and gas being over $3.35 per gal, and truck sales down all over, tell them to knock off the $750 over invioce along with the Dealer Holdback & WHSL Fin. crap or you will go elsewhere. Be serious when you say that and walk away.
Play them and don't get played.
The dealer holdback, as I understand it, is an amount they will eventually get from the manufacturer -- they're charging it to you so that they get the money now, but they will never send you the money. That's one bad deal. . . You could sit down with the salesman and ask him to clarify this, how can they justify "making up" extra charges?
You can still walk. . .
__________________ Radiant Red 2007 Double Cab Limited w/Graphite Leather Interior
Factory Nav, Sonar, and 10 spkr 440W JBL stereo with Sirius (sweet) Cold Weather Pkg and Block Htr. Brushed SS Stepboards,
Upgraded Tires: BFG A/T KO LT265 65 R 18,
Curt Front Receiver, with Warn 8000lb winch back/front mountable, Diamondback Tonneau Cover.
Tekonsha Prodigy Brake Controller
DSP 16,000 lb 5th wheel hitch
Firestone Ride Rite 2445 Air Bags
One of the salesmen there (like Cory) will be able to answer. I think the fees are legit. The TDA is what the dealer has to pay for advertizing, the holdback is the typical holdback, I forget the other one. If you get an answer over there, maybe post back here to let us know what it all means?
In the SE region, there is no TDA, since the SE region does their own scam of advertizing.
Good ideas bros thanks, I will post an injuiry with Cory, just to get their take on it. I'll post their answer.
There is no customer rebate because I opted for 0% for 60 months.
I'm also wondering what may be happening is when you buy a vehicle you typically don't see the dealer holdback as they have it built into the Base cost. But let's face it everything is negotiable.
Sorry to say but you got poked in the eye with those fees. I would go back and tell them to remove the fees. You have 3 days to do so after that its on you. If they refuse tell them to keep the truck. Advertising fees are on them not the buyer. A holdback is between the dealer and Toyota. Those fees are pure BS.
For those of you who have already purchased your Tundra maybe you can help me. The attached PDF shows my invoice from the dealer on a 08 CM Limited. We agreed on a price of invoice plus $750 period, what I don’t understand is all the various fees and charges they have itemized such as:
TDA $736
Dealer Holdback $841
Whsl, Financial Reserve $420
Has everyone else been paying these same charges or am I on to something?
A little good news is the Toyota is now offering 60months at 0% in CA.
Thanks for your help.
Hopefully I've got the pdf attached.
These questions have been asked and answered many times before and searching of TDA, Wholesale Finance Reserve, WFR and Holdback should return posts with your answers and like discussions.
__________________ ~Glenn~
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Ugh... again. Invoice is not cost. Please don't pretend that it is. If you pay $750 over invoice you didn't pay $750 profit. If you get a deal at $750 over "net-net" (invoice minus holdback and WFR), you still didn't pay a $750 profit. The dealer's profit involves a lot more than just what is paid for the vehicle and honestly, its not a consumer's business. Its not even the business of the salesman. Its a decision made by the owner of the dealership and involves how much he pays his salesmen, manager and finance people, how much he spends on advertising, floorplan interest, taxes and how much he pays the legal department. In short, "profit" involves a lot more than you as a customer needs to know about a small business.
So what does invoice mean? It allows you to compare your deal to the deal on a different vehicle at a different dealer. In some cases, a good deal is $750 over invoice. If demand is low, inventories are high and nobody is coming into the store, even $1000 under invoice is a rip-off. Knowing invoice only allows you to compare your deal with another one within your market area, at that time.
Don't be fooled by guys talking about the astounding deal they made last year. You don't know a thing about the circumstances. They may have bought a truck that had been on the lot for 120 days, had 700 miles, been in a color that didn't sell well in that area and he might have caught a manager making a mistake that will never be repeated. You may be looking at a high demand vehicle that's fresh to the lot and easy for them to sell. Its two different deals and you can't compare the two.
Now, as to your specific questions, the fees you listed are all part of the invoice.
TDA is not refunded. Its a real fee that the dealer pays to the regional distributor. Because its a regional fee, most on-line sources don't tell you what it is, but it is real.
WFR and HB are refunded to the dealer at a later date. They are used to cover various expenses associated with the vehicle. Most salesmen are not paid on these amounts.
__________________
Truck Champion at Springfield Toyota in Springfield VA. 703-269-1478
Sorry to say but you got poked in the eye with those fees. I would go back and tell them to remove the fees. You have 3 days to do so after that its on you. If they refuse tell them to keep the truck. Advertising fees are on them not the buyer. A holdback is between the dealer and Toyota. Those fees are pure BS.
What do you mean, "remove the fees"? The fees are not on a buyer's order. They are on a document prepared by the manufacturer for the dealer when the dealer bought the truck.
As for the 3 day backout period, that's also a myth in most states. You have 3 days to recind a deal that is executed outside the place where the dealer holds a business license. If you execute a contract at the place where that license is held, there is no right of recision. When you leave the property, its a binding contract. There may be states where this is not the case, but I don't know of one.
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Truck Champion at Springfield Toyota in Springfield VA. 703-269-1478
Unknown Dealer Charges??
Re: Unknown Dealer Charges??
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