Am I Stoopid?

i dont know what you mean by neg on price but you dont have the power to turn around and walk away thinking the will come back with a lower offer. if they say 26k for a prius its take it or leave it. if you dont pay they will sell the car. interest rates i could see causing a balk (i got my rate at 3.79 through my local bank) but i would think they would give you time to get a loan. you dont have to use the dealer to finance. dang sound like your back in line.

 

Sorry to hear about your experience. I know exactly the sort of behaviour you're talking about. I was once "banned" from a Subaru dealership because they showed me doctored documents and I called them on it.

You should probably write a letter to Toyota Corporate about your experience. Certainly there are plenty of dealers that charge over MSRP, but they don't have to use foul language when they do it.

I'd also suggest getting pre-approved for a car loan from another source (credit union, bank, online), which will give you a better bargaining position. I ended up financing through the Toyota dealer, but only if they could meet my existing loan.

Of course, when I experience something like that, I make sure that everyone knows about it too - may as well cost them other business. Sure they can get top dollar for the Prius, but your experience might make the next potential Camry or Tundra buyer think twice before going there.

 

Toyota doesnt own the dealership and has no control over what the dealers are charging for the cars. Toyota only clout is to pull its francise from a store which is not very likely to happen. it's msrp manufactor "suggested" retail price. that doesnt mean they have to charge it. foul language needs to be address with the dealer principle not Toyota. Toyota will tell you to find another dealer if your having problems.

 

We all know that "MSRP" is the going rate. What really bothers me is that the dealer was bumping people on the list for you. The others have probably been waiting for months. When production ramps up negotiation may be possible. Right now finding a dealer who will honor the list at MSRP is a good deal.

Rich Byrne

 

I'd agree.

2.5 weeks and below MSRP is pushing your luck. Most people that get waits that short pay above MSRP. Right now, with such a high demand MSRP (even though it is well above invoice) is the best deal going even at the reputable dealers.

 

<div class='quotetop'>QUOTE(Xioba Pompini\";p=\"43035)</div>

How much were you planning to put as a down payment? What is your FICO score? 4.6 is not that much out of line today. Two weeks ago, my credit union quoted me 4.49 for 100% financing. The dealer beat them with a 4.19 APR with no money down.

 

You blew it by trying to save $1,000 and 0.5 APR. If you had spent some more time looking around in this forum, you would have realized that msrp is a good deal on a car with such a long waiting list. Knowing the invoice price and trying to negotiate may work with the Tundra, but not with the Prius.

 

>> msrp 23,500 - I asked for 22,500- invoice was 19555,
>> so this was a reasonable offer.

:roll: TROLL METER

__1__3__5___7___9_+20_+60 dB
--][---][----][----][----][----][----][--
====================>>>

 

yep someone is gonna be posting got my new prius today for msrp and only had to wait a week and a half

 

right now msrp is a bargain for the prius! some dealers add to the msrp. and the 2 1/2 week wait was a big plus! consumers just dont have bargaining power for the prius.. you could've probably just asked for car mats as an incentive. and like others said, walk in with an approved loan from elsewhere.

 

When bargaining it is good to know which party, if any, has the upper hand. In a fully saturated sellers market the party selling goods is secure in the knowledge that they can get an offer they like from the next guy if the current bidder makes an offer that does not appeal.

Anyone wanting to buy a Prius right now should be aware that there are other interested buyers that are waiting in line. This weakens the position of the buyer.

You may have placed more value on not giving in to what seemed like a bad deal. If this was more important than getting the car, then you won.

If getting the car was more important than details of the financing, then maybe this was an oops.

Better luck next time.

 

I paid MSRP + $299 and waited 57 days... I took them a wheelbarrow full of cash...they knew that up front.... but it was MSRP + $299 NO if's and's or but's... I had asked for a color choice of Tideland... Driftwood... or Silver... had my mind made up I was getting a Tideland, but when I got the call and it was Driftwood.. I asked if I could trade for a Tideland.. the answer was polite.. "I have 100 people that will take the Driftwood, NOW.. and don't know when we will see a Tideland"... I took the Driftwood... NO if's, and's or but's.....MSRP + $299 in 57 days... Did I say I love my Prius!!

you may have really messed up....

Bob Andersen

 

i guess my question is at what point you bargain for price. if you had signed a deal when you got on the waiting list to pay a certain price, then the time when you went to pick up your car was not the time to bargain. at that point the price was already determined, and negotiations were already done.

if, however, you had just gone on an informal waiting list with no discussion of pricing, which would be a little odd but not impossible, then that was the right time to negotiate but the dealer was unwilling, which is their right.

 

Getting back to the subject of this thread. The answer is a resounding...

:roll:

 

No offense but you are insane. Why would they ever ever ever sell a car for under MSRP when there are 100 other people who are willing to pay more than MSRP? You WILL be on the waiting list for a couple years if you continue to insist on this, I can guarrantee that. My local dealership has 4 Prius's on the lot. That doesn't mean they're cheap. They bought them at auction for extra cost and are charging $28k for a low package. I can only assume your dealership is doing the same thing.