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Pricing and DealersDiscussions that are specific to vehicle pricing, preferred dealer pricing, current incentives, rebates, and experiences.
This is a discussion thread titled "What price were you Quoted on 2007 Tundra?", within the Pricing and Dealers forum, part of the Marketplace Forums category.
My folks bought one yesterday, $34,xxx sticker, walked out at just over $30k...
So they discounted it 4k and then also paid the 2k in taxes and fee"s???
So 6k off of Sticker on a 2007 Tundra with approximately 2784.00 of markup in the SET (Florida, Georgia, Alabama, North Carolina and South Carolina) Market????
I have also been waiting for the new Tundra , the CrewMax Limited, 4X4, 5.7L The more I read all the posts the more I'll benefit ,as buyers give their opinions about the performance and the prices they have paid for their trucks.
I join the rank of those who oppose paying MSRP. In a few months the dealers will be ready to deal , after all the HOOPLA disappear.
Toyota MSRP is 2% over invoice. The range is normally 2-3% for all automakers.
Not sure where 10k came in.....so the 26k base model they only pay 16k for>? Absurd.
They also have a quarterly hold back for Toyotas.
To deal you must have your ducks in a row and at this point good luck negotiating when the truck is hot. Most dealerships don't even have inventory. I just visited my local dealer they had ZIPPO on the lot.
I value my money way too much to jump in when they are dealing from low inventories and high interest , no not interest rates , but interest in the truck. They will just wait for a person with less knowledge and sell them the truck at MSRP.
Early adopters always pay more and always become the test bed. I prefer to wait a year let them work out any bugs ,if there are any, and then buy when inventories are there.
At least search online and email as many as possible for deals. Even open up the search to include nearbye states if possible. I'm glad I'm not buying at this point.
I might have got bad info from someone but it makes a little bit of sense to me when I think about it. I was told that it is always good to pretend you are going to finance threw the dealer you are buying from for the longest amount of time. I herd that this way the dealer will come way down on the price of the car or truck because he or she knows they are going to make plenty of money in interest. Then when you get the price down on the car or truck you tell them you decided to pay cash at the last minute or you can just go threw your own bank for a loan. Does anyone know if there is any truth to this? Does is make any sense at all?? Thanks In Advance, Johnnnny
There are many ways to go about buying, some work better for some than others. I've always believed that it all comes down to payment, unless you are writing a personal check or paying real cash (no bank loan check). So many friends of mine get all caught up on the price and talk about how much they are going to have the dealer come off. What happens if you get the dealer to sell for $1000 below invoice which comes to say $30,000. Then you say I want to be at $450 a month for 60 months with no money down. The buyer has now wasted both theirs and the dealers time. You can be smart on price, but it's harder for some people to be smart on payment. That is unless you are writing a check for it. Just an observation I've made.
__________________ 2007 Tundra SR5 DC 5.7 2WD TRD Off Road Pkg Bucket Seats Tow Mirrors 6 Disc CD Changer Leather Interior Flowmaster 50 Series Delta Flow PIAA 4000K lowbeams and Sylvania SilverStar fog lamps
Toyota MSRP is 2% over invoice. The range is normally 2-3% for all automakers.
Not sure where 10k came in.....so the 26k base model they only pay 16k for>? Absurd.
They also have a quarterly hold back for Toyotas.
To deal you must have your ducks in a row and at this point good luck negotiating when the truck is hot. Most dealerships don't even have inventory. I just visited my local dealer they had ZIPPO on the lot.
I value my money way too much to jump in when they are dealing from low inventories and high interest , no not interest rates , but interest in the truck. They will just wait for a person with less knowledge and sell them the truck at MSRP.
Early adopters always pay more and always become the test bed. I prefer to wait a year let them work out any bugs ,if there are any, and then buy when inventories are there.
At least search online and email as many as possible for deals. Even open up the search to include nearbye states if possible. I'm glad I'm not buying at this point.
Good luck ...
"Early adopters always pay more and always become the test bed."
I'm told they tend to be better educated, have a higher income, tend to be male, considered to be the trendsetter?
Toyota MSRP is 2% over invoice. The range is normally 2-3% for all automakers.
ok this is way incorrect... so you are saying that invoice for a 30k truck in only 29,400????
sorry to tell you it is a lot less than that.... i use to work as a mgr. in the car market and they do buy for less than actual invioce and invoice is a lot less than 2%...
also when you are buying a car/truck never pay more than 500 over invoice.. if they are having rebates have them take that off off the price of 500 over invoice.
ok this is way incorrect... so you are saying that invoice for a 30k truck in only 29,400????
sorry to tell you it is a lot less than that.
Amen brother. No way invoice is only 2% under MSRP. It's more like 10 to 13%. I typically purchase at 13% off of MSRP (and rebates, if any, going to me on top of that) and usually walk out driving the vehicle.
The '07 Tundra invoices may be less than 13% under MSRP (some are saying around 10%), but 2%...no way. Sounds like a salesman trying to set the table for a buffet at our expense
I won't be dining with any salesman who dares suggest that invoice is 2% of MSRP. As our dealer friend Cory says...walk out if the dealer isn't willing to show you the actual invoice.
I would go in there tell then I would pay 750.00 over invoice since they will make some hold back on the sale from Toyota anyways. Always tell them your are going to finance with them always even if you arent they like too because they make money if you finance, so they would be more willing to discount the truck to make up some money with the finance. Then slam the cashiers check on them when everything is all said and done.
for everyone whining about invoice pricing, go to edmunds.com to see. i like msn.com's autos better, but the pricing is not up yet.
its accurate, i used it twice so far and it matches the invoice sheet pricing from the dealer.
it does not include holdback.
Amen brother. No way invoice is only 2% under MSRP. It's more like 10 to 13%. I typically purchase at 13% off of MSRP (and rebates, if any, going to me on top of that) and usually walk out driving the vehicle.
The '07 Tundra invoices may be less than 13% under MSRP (some are saying around 10%), but 2%...no way. Sounds like a salesman trying to set the table for a buffet at our expense
I won't be dining with any salesman who dares suggest that invoice is 2% of MSRP. As our dealer friend Cory says...walk out if the dealer isn't willing to show you the actual invoice.
I just randomly picked 4 trucks and depending on how many options you have will determine what the percentage of profit margin their is. I found that a stripped truck only had 8% mark up in it but the majority of them had 9.3 to 9.7% mark up. But like I have always said, just have them present the invoice or get to stepping
__________________
Cory Ellerbee
Truck Manager/Internet Sales Manager
San Francisco Toyota
(415) 395-6364 or corye@sftoyota.com
There are many ways to go about buying, some work better for some than others. I've always believed that it all comes down to payment, unless you are writing a personal check or paying real cash (no bank loan check). So many friends of mine get all caught up on the price and talk about how much they are going to have the dealer come off. What happens if you get the dealer to sell for $1000 below invoice which comes to say $30,000. Then you say I want to be at $450 a month for 60 months with no money down. The buyer has now wasted both theirs and the dealers time. You can be smart on price, but it's harder for some people to be smart on payment. That is unless you are writing a check for it. Just an observation I've made.
Get pre-approved from a credit union, and never bargain based on payments, that is the salesman's best friend for a reason. Secure your financing first, and you don't have to worry about qualifying for a payment. After you have a deal on price, you can see if you qualify for whatever special financing the dealer may be offering, if not, you've still got your financing in place.
I just randomly picked 4 trucks and depending on how many options you have will determine what the percentage of profit margin their is. I found that a stripped truck only had 8% mark up in it but the majority of them had 9.3 to 9.7% mark up. But like I have always said, just have them present the invoice or get to stepping
I work for a dealer in GST. If someone asks to see the invoice, I say sure. Then I say, "If I show you my invoice do you have intentions to buy my car right now?" If the answer is no, then we have a mind deal and I know either one, the customer is not sold on the vehicle or two, they are just wasting time. I never said I was going to sell it for the invoice, but it's a great trial close. The actual selling price is determined by all the usual factors (unit age, supply, demand, F&I potential income...), we all know how this works.
__________________ 2007 Tundra SR5 DC 5.7 2WD TRD Off Road Pkg Bucket Seats Tow Mirrors 6 Disc CD Changer Leather Interior Flowmaster 50 Series Delta Flow PIAA 4000K lowbeams and Sylvania SilverStar fog lamps
Re: What price were you Quoted on 2007 Tundra?
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