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How long till price drops?

Discussion in 'Gen 4 Prius Main Forum' started by SkepticBuyer, Jan 7, 2016.

  1. SkepticBuyer

    SkepticBuyer New Member

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    Historically, how long before new gen Prius sees a significant price drop? This is the first time I've looked into buying a new car and I'm already seeing some pretty substantial price drops on the 2016 Sonata SE Hybrids (e.g., truecar in AZ is $3,918 below MSRP = S22,917) and the Ford Fusion Hybrids. I realize the 2016 Prius is a few months behind on their release date compared to competitors models. Not sure how long I want to wait, but I just don't see myself paying above Factory Invoice pricing either. Actually, that brings up another good point. Does anyone have Factory Invoice prices for the different trims?
     
  2. pakitt

    pakitt Senior Member

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    I haven't seen a price drop of any significance in Germany of the Prius. Like as if there are hordes of people queuing out of Toyota dealers to get one. Nobody really cares about it here.
    You are lucky you have a much dynamic market in the US....
     
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  3. 48mpg

    48mpg Member

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    Gas prices have dropped drastically in the US so I can see a discount before years end, I watched many chevy volts die on the dealers lot because they sat so long and the dealers fighting with GM to take them back for new batteries.
     
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  4. BigFan

    BigFan Member

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    One data point on current dealer pricing see HERE. To answer the question you pose in the thread title, I would answer Now is when discounting below MSRP is starting.

    Edmunds.com has the invoice pricing. Below is a table I built from that. This table does not include the cost of accessories (like floor mats), although MSRP/Invoice pricing for accessories are also on the Edmunds "Build and Price". Besides the additional cost of accessories, there are additional regional costs such as TDA (Toyota Dealer Advertising) fee (in my region this is $438) and Documentation fee (in my region this is $349). My dealer considers the TDA fee to be part of their Invoice cost.
     
    #4 BigFan, Jan 7, 2016
    Last edited: Jan 20, 2016
  5. pakitt

    pakitt Senior Member

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    Probably that's the main point. In EU dealers don't have huge lots with cars ready to be sold. Rarely the new car you want is available at the dealer the moment you get in. You order it, and wait for it to be delivered according to your wishes. Hence rarely the need to discount to clear the stock by lowering prices. Or any other similar initiative.
     
  6. Caniac

    Caniac Active Member

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    I've already seen a regional Toyota dealer offering $500 off MSRP for the gen4s that they don't even have yet.
     
  7. civicdriver06

    civicdriver06 Active Member

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    But that also has to do with that there is simply no competition to the Prius .
    That may change if the Hyundai Ioniq should turn out to be a big success !
    If Hyundai offers their hybrid at a lower price as the Prius,Toyota may be forced to react !
     
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  8. Netcub

    Netcub Active Member

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    Chicago Dealers are already advertising $2,000 off, MSRP+ it says to email them for an even bigger discount...
     
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  9. bisco

    bisco cookie crumbler

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    prices will stay low until gas goes back up. so that's the real question to ask. maybe there's a sheik in saudi arabia on priuschat who will answer.
     
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  10. Elsith

    Elsith New Member

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    Have you found a dealer in Chicago that has the 2016 4s? So far I've only found 2016 2s in Chicago and suburbs. They don't seem to have many Prius options at all. I'm new to Prius so I'm curious if Chicago is not a big market for them.
     
    #10 Elsith, Jan 16, 2016
    Last edited: Jan 16, 2016
  11. UserError

    UserError Junior Member

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    They'll come eventually. They are probably ordering cheap ones at first because that's what most people will buy. I personally want a 4 touring and I'm also in Chicago. I still want to test drive the 3 that the dealer close to me has.
     
  12. Elsith

    Elsith New Member

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    I am leaning toward the 4 for the moon roof, but it doesn't come with fog lights, and they look good with them.
     
  13. pasoto1

    pasoto1 Junior Member

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    paid 29, 173 in San Jose Ca two days ago plus 3,000 financing plus 5,000 dollars warranty for 10 yrs. ... $ 37,000 out the door pmts. 576 a month 72 months
     
  14. sdtundra

    sdtundra Senior Member

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    23200 for a Prius 2 before TTL of course. That's just with costco discount over the phone no other negotiating.

    Fone ?
     
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  15. 155

    155 Member

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    I was able to purchase a 4 Touring in Chicago for just about invoice. I had 2 other offers in the area for the same price.

    Just go on cars.com, do an advanced search for the dealers in your area that have the trim you want and then go to their website and request an eprice. Just be persistent and you will find the deal that you want.

    Don't bother showing up at the dealership, you'll just play the waiting game.

    Also get a loan preapproval from Capital One, so they can't hose you on the interest rate.