I don't see any book values listed for '07's yet, but IMO (just my opinion), I think $28,500 is gonna' be a stretch, at least as far as getting a dealer to allow that much. How 'bout puttting a "for sale" sign on it? Might fetch closer to your desired price.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
Deck rail tie down system
Tow mirrors (w/ power heated system)
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.
Good luck man...yeah those new Tundras are sweeeet!!!