Give it to me straight, did I overpay?

I wish I had found this forum before I went out and bought my car this month. I went in not knowing much about cars. I decided not to buy new because everybody I know has always advised against it, "buy used for a cheaper option," "buying new loses value as soon as you drive out the parking lot," etc.

I bought a 2014 Prius Two for $17,988.00 with 29,000 miles. According to the vehicle report, the car was manufactured in February 2014 and only had 1 owner (rental car). Everything checked out fine.

Toyota Prius Two - $17,988.00
Document Fee - $80.00
Sales Tax - $1,626.12
Transfer Charge - $29.00
Vehicle Service Agreement - $2,195.00
Official Fees - $201.00

Total: $22,127.13

I was given three options for the payment plans, 36 months, 48 months, or 60 months. The first two were with a 0% interest rate and the 60 months was with a 2.9% interest rate. I chose the latter, just to be safe.

The final total for the car (financed) came out to $23,823.60

I've read post after post, thread after thread on here and have read that you can get like $5,000 off MSRP with 0% interest rate on 60 months. That would have made the car $20,250, which is only a $2,262 difference from the 2014. I could have then received 0% interest rate at 60 months for the new car, which would have saved me $1,696.47. That would mean that it would have been like $566 for the new 2015.

This is all assuming that people can get $5,000 off the car. I'm just going by what others have said on here. I also just found out I could have gotten a $750.00 rebate through the Toyota College Graduate Finance Program. I wish I had known about this but of course, it was never brought up by the salesperson. All he did was throw in a set of new floor mats, he said it was his "present" to me for my first car purchase. I was expecting to get somewhat screwed over since it's my first car. But it sucks reading through these posts knowing I might have overpaid. There's nothing I could do now but I'd like to know your guy's opinions since you're all obviously more knowledgable when it comes down to this.

 

@bisco and @RRxing I think it's Toyota's platinum protection plan.

@Patrick Wong Wong yeah, it's too late now. It was bought earlier this month.

@JC91006 Yeah, after reading through this website, I figured I overpaid. Oh well, lesson learned. And at least I'll have more experience when it comes down to my future cars.

 

@Beachbummm and @milkman44

The salesperson told me that their platinum protection plan would cover things that are not covered under warranty. If I remember correctly, he also said it's extended after the warranty. Did he lie?

 

@Blizzard_Persona

I was given this brochure...

EDIT: I can't post a link. I guess I have to be registered for at least a day before posting a link? If you're able to google "Toyota certified platinum" it's the first link. The one that says "the Toyota Certified Platinum VSA. Provides protection for"

and my Vehicle Service Agreement Application says....

Agreement Type: Certified Used Plan
Deductible: $0.00
Coverage Level: Toyota Certified Platinum
Agreement Effective Date: 02/11/2014 (This is the manufactured date)
Years: 7
Miles: 100,000
Agreement Purchase Price: $2,195.00

The page after the application says "All manufacturer - original equipment parts installed by the manufacturer or your selling dealer are covered under this agreement for mechanical failure, unless otherwise excluded"

 

@fotomoto You're right. I'm looking at the fine print and it states I can cancel within 30 days. if it's past 30 days and I have made payments, i'll get pro-rated.