2014 Plug -in

they lowered the prices, but not as low as the deals on the '13's.

 

Are we in 2014 MY yet????

 

End of this month, according to Dianne Whitmire.

 

We are leaning towards a new 2013 Plug In due to the rebates and a dealer /Costco quote I got that put the out the door price at ≈ $27,175 with tax, lic, $2750 Toyota rebate, 2500* Fed and $1500* Ca rebates (*though the money comes later: tax time and 60 days respectively). vs. ≈ $21,000 used ($20K - 39K miles) with tax & lic for a Prius Three.

(per Wikipedia) Though the 2014's are due to arrive in Nov. at $2,000 less MSRP (per Wiki). I guess that is why Toyota is giving $2,750 of 2013' until Nov 4. Wiki says there are basically no changes to Plug In for 2014, so I guess $750 less for a 2013 vs 2014 new.

Anyone think of a reason to hold off? Maybe the Costco dealer rep deal above would not be as good on a 2014. I am thinking it might be safer to go with the 2013 now. Or if there is enough stock of the 2013 White Plug In, maybe wait and see if the deal may get even a bit sweeter on a 2013 when the 2014's get to the dealer lots?

We are actually ready to pull the trigger very soon (read: wife screaming BUY IT!). I vaguely recal the strategy of going to a show room on the evening of the last day of the month to get a good deal. But I think these days, just phoning around and getting 'best deal' dealer quotes that way, may be better (certainly less stressful!!!)

I have not bought a new car in 25 years, so my data is old (like me ;o) Any ideas from the Prius club?
Thanks,
Dave
PS. The Costco quote I got was after doing a web quote reqest. I got an email from a guy at that dealer saying: "I am the Costco Auto Buying Program Manager for Antioch Toyota." and he gave me what seems a very good price (above). I wonder if each dealer has a Costco program guy, or if one guy covers many dealers?

 

Have you tried calling this young lady? Dianne's SoCal Prius PlugIn DEALS good Oct 23rd - 28th | PriusChat

Sounds like I'm a schill for her as I posted her name twice but she has an excellent rep on here and the deals apply to CA. Might be a nice drive down south to pick it up

 

So what is the sales price before incentives you negotiated? The standard right now is $2k off MSRP. Backing into your numbers sounds like you are a bit shy of that.

Btw because of the larger lease incentive it makes more sense to lease right now, especially given it is virtually a 0% interest rate.

 

The internet quote I got from Jim B. Said: "I am the Costco Auto Buying Program Manager for Antioch Toyota."

His quote was for not white (which has the $395 upcharge not included in his quote below ):
"Good morning Dave. It works like this.....
You can buy one with an MSRP like this one of 33,102 and a dealer invoice of 32,318 for just 28,088!!! (plus tax, lic and 2,750 rebate of course!)
MSRP 33,102
Dealer invoice 32,318
Taxable selling price 30,838 Approx 10% for tax and lic depending on your zip code or roughly 33,922 OTD
MINUS 2,750 rebate for a balance to finance of 31,172
The state of Ca sends a 1,500 rebate
Fed tax credit to be a write off against your taxable income and not a refund. It would be deducted from your taxable income this year when you file your 2013 return in April 14."

My interpretation of the above quote when I plug in taxes, rebates, etc:
$30,838 Taxable selling price
+3,084 ≈ 10% to cover 8.5% sales tax and DMV fees
33,922 Price with tax and DMV
- 2,750 Toyota Dealer rebate ** 31,172 Price before Fed Credit & CA rebate
- 1,500 Calif Rebate check (takes 60 days to get)
- 2,500 Fed Tax credit (get April 15 when file 2013 taxes)
$27,172 What I actually end up paying after Toyota, Fed & Ca rebates/credits

** Regional APR Offer Ends 11/04/2013 2013 Prius Plug-In - 0% APR for 60 months PLUS $2750 Bonus Cash

My thought was to put down $9,000 and finance the $18,172 at the 0% Toyota offer on Plug -Ins. That monthly cost of $379 + $75 extra insur - ≈$215/mo gas savings = net cost /mo of ≈$240

Question on lease plan on Plug ins:
## "Regional Lease Offer Ends 11/04/2013 Lease a 2013 Prius Plug In for $249 a mo. + tax after $5,750 Bonus Cash"
I have never done a lease so I have no idea how to calculate my estimated total costs.
We would want to buy it at lease end. How do you estimate that cost?
We are not trading in a car. Willing to put down up to $9k, but I guess we keep most of that in the bank with a lease plan. Here are the estimates I'll assume from our driving 22k mi/ year driving history for wife's car:
$4,500 - ".15ç/mi x 30,000 miles over 36K lease end limit"
- "You pay excess wear and tear (how is this calculated?)"

Thanks for any insights or links to get details of how to calculate how much a Toyota Plug-In lease would cost assuming you but it at the end.
Dave
PS. All above was before wife decided she wanted the Blizzard White. So I'm not sure if that would add the full $395 paint upcharge, or some slightly lower amount.

 

27k seems like a very good price, i would call diane to see if she can do any better.

 

I did send her an email with asking for a quote and included the local quote mentioned above.

I am just researching lease options as everyone syas they are great deals right now, maybe better than purchasing. One variable on a lease I know we will go high on is mileage OVER 36K end of lease limit. We will likely go over by 30,000 mi. x .15/mile adds $4,500 to what ever they residual is on a 2013 PIP. Anyone know what the Residual (or % of MSRP) is on a 2013 PIP with Bliz.z white as only extra option?
Tks

 

So your sales price with the Toyota $2,750 incentive is $28,088. MSRP on the 2014 is dropping by $2k = $31,102. That is a pretty good discount even compared to the lower 2014 price.

By leasing you get a $5,750 incentive, so $3k more. However this is offset because you will not get the $2,500 Federal tax credit. In addition there are lease origination fees that probably amount to at least $500, so actually leasing probably would not save you any money. (FYI the way the lease works is this: with the 0% interest rate on the lease, basically after 3 years you have the option to buy the car for a fixed price called the “residiual”. Since you plan to be over miles, you would buy the car and not pay any over mileage fees. So a 0% lease is just another form of 0% financing payment plan - with an option to buy after 3 years - a bullet payment.)

Btw, purchase or lease, at a 0% interest rate it makes the most sense to put zero down. There is simply no need to put down a large down payment – you get no financial benefit by doing so.

Also the residual on the lease depends on how many miles per year the lease is for, and the sales price of the car. But with the 0% interest rate you can basically take your sales price less all the lease payments = the residual.

 

Just saying my 2012 Prius 4 with solar list is 33K and KBB says private party values is 24K. I owe 27K. I only owned the car 13 months. You may want to look at a used one big savings. The car dropped 9K plus the sales tax in 12 months. Lease may make more sense if you're opposed to used. Prius is a great car but the first 2 years it depreciates a boat load.

2013 Toyota Prius Cost of Ownership

 

How is 28K before fed and state rebates a deal?
I as a matter of fact got 3 dealers willing to do 27.8K all in nor cal
PM me if you guys want the names of the dealers who are willing to do this. I"m holding out for a better deal

 

why wouldn't you just post their names and prices?

 

I have been unclear on this actual offer. I actually don't think the $28,088 figure is quite relevant. The dealer got that by subtracting the $2750 from his $30,838 Taxable selling price offer. I believe the more informative number is:
$30,838 Taxable selling price offer
+ 3,084 ≈ 10% tax and lic fees
33,922 Price with tax & lic
- 2,750 Toyota Cash Rebate
$31,172 OTD total to finance (would lease be the same plus ≈ $500 i lease origination fees as said above?)
(the above does NOT include $395 for the Blizzard white we now want,

I'm asking for Taxable Selling Price on quotes. Is there a better figure to ask for for comparisons?
I just got an email quote from another dealer. He quoted MSRP $33,430 (so it has $295 mats I'll ask him to delete*) and an Internet Direct Price of "$31,880 + fees". I emailed back asking for a Taxable Selling Price (w/o mats).
(*Seems easy, but do dealers balk at removing such a simple item. The mats are all in a bag in the cargo area and can be put in another car or put in parts dept I figure.)

Also, please confirm that for the base Plug-In you get BOTH the 0% financing (buy or lease) PLUS the $2,750 Cash Rebate. That is what it says on the Toyota site: Regional APR Offer Ends 11/04/2013
2013 Prius Plug-In - 0% APR for 60 months PLUS $2750 Bonus Cash.

Edmund's site ( Low APR vs. Cash Back Calculator at Edmunds.com) for 2013 PIP, one or the other (like for reg Prius). Maybe their calculator is not updated, but I want to verify both 0% & $2750 are both gotten for lease and purchase.

** I got a message that Diane is out of the office today and will get me a quote when she can.

 

dublin and milpitas.
price is 0% and 2750 discount by toyota already factored in.
27800+TTL obviously.
taxes vary by county so i don't get how you can factor these in in these quotes.
28k is > 27.8k yea only 200 but...

Diane's quoting close to 29K (for the exact same vehicle)

 

got it down to 27678 tonight

 

5k less than what i paid.

 

Are both Dublin and Milpitas offering this price? Which salesperson are you working with? I'd like to buy one tomorrow.

 

Go ask parvez in dublin. i got milpitas to match but dublin came lower. i was able to get it lower than the price i listed in the thread. not sure if he still can offer it tho. i was their last october customer.
Please tell him Kai sent you so he will try his best to get you a good deal.

i'm not sure if forum rules allows me to post emails n such so PM me if you want his direct contact info.