Best price for 2007 Tundra, DC, 4WD, 5.7L V8?

[SFTundraMan]

Originally Posted by BaBalouie1958

I don't agree I think most Dealers goal is for every customer to pay MSRP and screw you $3000 dollars on a trade or more. I have 30 years of buying cars to prove my point. Present company excluded SFTundraMan.

If you take out the Prius a year ago. There hasnt been another Toyota that has normally sold for msrp in probably the past 4 years.

Just fyi, we lose money on trades all the time. It is not automatic that we make money on trades. And if everyone paid retail blue book for our used cars, again, we wouldnt have to take them in $5000 back of book. But everyone wants to buy ours at wholesale. So that means we have to give you less for yours. It is all linked together. A vicious circle that aint changing any time soon. If it was up to me, bring in a check, no trade and no drama, lmao

It is simple logic, as the prices go down for what you pay for mine, the prices go down for what I pay for yours

Basic laws of economics

[TunTac]

Originally Posted by SFTundraMan

If you take out the Prius a year ago. There hasnt been another Toyota that has normally sold for msrp in probably the past 4 years.

Just fyi, we lose money on trades all the time. It is not automatic that we make money on trades. And if everyone paid retail blue book for our used cars, again, we wouldnt have to take them in $5000 back of book. But everyone wants to buy ours at wholesale. So that means we have to give you less for yours. It is all linked together. A vicious circle that aint changing any time soon. If it was up to me, bring in a check, no trade and no drama, lmao

It is simple logic, as the prices go down for what you pay for mine, the prices go down for what I pay for yours

Basic laws of economics

Very well said ... one more reason why I'd buy a car from this guy!

[T100_2_TUNDRA]

Originally Posted by My03Tundra

I traded in, as some may know, my 2003 Tundra for a 2007 Honda Ridgeline. While it is a nice vehicle, I'm really missing having a true truck. Screw the in-bed trunk, I want to haul-A to the double S, V8 style! I've been on edmunds and this is what I have configured:

2007 Toyota Tundra Double Cab, Shortbed, 4WD, 5.7L V8
Including
Anti-Theft system
Deck rail tie down system
Tow mirrors (w/ power heated system)
Mud flaps
DRL

I'm coming up with a TMV Price of 31,578, invoice of 29,303. Using their (Edmund's) Auto Loan calculator, this is what I put together.

I figured for my 2007 Ridgeline that 28,500 is the LEAST I'd take for it because I owe $16,000 on it after trade. With TTL on invoice, I have a total of 31384 on price for 2007 Tundra as described. I then minused the trade in value (28,500) including pay-off (16,000). Continuing with the terms I have on my current car note I put it at 8.0% over 72 months (yeah, I KNOW). I've estimated my payments at $331.09 based off of the terms and details outlined from the invoice price.

Do you think IF I could get the Tundra at invoice price that I might have any negotiation room left for actual APR or reduced monthly payment? With the numbers detailed I'm financing $18884. I've put in a price quote for a Tundra with the 4.7L V8, which I don't mind and would settle for IF it means lower payments and interest.

I'd jump on the deal, or similar, if I could get a 2007 Tundra 4WD Double Cab with either the 4.7L or 5.7L V8 (which I COULD live without) in Desert Sand Mica like my last truck for a payment as close to $300 a month as I can get it.

ANY help, comments, suggestions or otherwise? THANK YOU in advance for any help or assistance. I'm doing pricing right now, before commiting, to see if I can afford the change. I do know I'm going to get gouged on the trade.

You probably arent going to like this advice, but here it is. New cars and trucks while nice to drive are not investments. Figure out what you have in equity in the Ridgeline, sell it privately and then take the equity and buy another v8 tundra, maybe add in a few grand to get an 05 or 06. That way you get a nice, reliable truck that wont depreciate so quickly. The luster of a new vehicle is gone in about a year, but you are looking at spreading out the payments over 6. Either that or hold on to the ridgeline. In the long term it will do well for you as a good reliable vehicle. Hope this helps.

[dcsundog]

If I remember right I viewed a your thread back in March when you picked up the Ridgeline. My advice to you is; Do the smart thing and drive the Ridgeline for a couple of years, otherwise the loss/deprecation on the two month old Honda will be a pill you won't be able to swallow, weather you trade it in or sell it outright.

[bugchucker]

Trading in never, but I always ask for their price during a service visit. On average, I have gotten $5K more selling on my own compared to what the dealer offered. An add in the Seattle times costs $50 and runs till sold. At least it was last time I checked.

[redneck_la]

I agree you should expect much less for your trade. One thing to consider if you sell it yourself is you will be loosing the tax benefit of trading it in. You must look at if the dealer gave you 25000 and your local tax rate is 8% then that is 2000 dollars you save on sales tax. So you would have to sell it outright for at least 27000 to break even. It is also hard to find someone to pay 28000 for a used truck when interest rate are typically a couple of points higher.

[FenderBender711]

I just got my Tundra for 400 below invoice + 3K off with the incentive. A dealer in Hendersonville, NC matched Jim Barkley's price when Barkely did nto have the configuration and color I wanted.

On the trade, my advice is never trade unless you have some serious issues with trying to handle the sale yourself. I am in the Insurance Claims industry and trust me when I say NO ONE uses KBB except for dealers...We use NADA, CCC or comparable sales searches...KBB is ridiculously low and then the dealers come in lower than that. I expect to sell my previous veh for about 4K more than what was offered on trade...about split book on NADA...That's the realistic price you'll get.

Good Luck on the sale of the Ridgeline...I looked at them myself at one time, but felt the need to stay with a traditional truck.

[SFTundraMan]

Originally Posted by BaBalouie1958

I don't agree I think most Dealers goal is for every customer to pay MSRP and screw you $3000 dollars on a trade or more. I have 30 years of buying cars to prove my point. Present company excluded SFTundraMan.

I would love to sell every car for msrp and make money off trades too, but that gets you big money on one sale and your customers will hate you. I am trying to make long term relationships so I can sell them and their families all their cars for life. So I hook everybody up. lol

[cmb]

Clear me up on one thing, how did you get the 28000 number for trade in on the Honda? Was wondering if you pulled up any Ridgelines like you have and compared numbers.MSN Auto Search is a good tool to get dealers as well as private owner's selling prices.If you owe 16000 on it you may have some room but be prepared for a lowball.

[johnnyjay]

Originally Posted by My03Tundra

2007 Toyota Tundra Double Cab, Shortbed, 4WD, 5.7L V8
Including
Anti-Theft system
Deck rail tie down system
Tow mirrors (w/ power heated system)
Mud flaps
DRL

I have the same truck, minus the tow mirrors (which I really wish I had) and I paid $28,057.00 for my truck. I have the Black and it is trimmed with chrome that makes it sweet looking. I got my truck in Alton Illinois. I have a friend that just bought the same truck with the tow mirrors and he paid $,1500 more than I did so it just depends on where you go and how flexible the dealership is to move trucks!

Good Luck!

Jayro