2019 to 2020

Discussion in 'Prime Main Forum (2017-Current)' started by skierrob, Oct 30, 2019.

  1. skierrob

    skierrob Member

    Joined:
    Jun 19, 2011
    47
    34
    0
    Location:
    signal hill, ca
    Vehicle:
    2019 Prius Prime
    Model:
    Prime Advanced
    Bought a 2019 Prius Prime Advanced in February. Paid right about $33K plus tax, license, doc fees, etc. for a total of $37K (this is California -- thank you 10% sales tax rate!)

    I get the $4.5K federal tax credit and got a $1k rebate from SCE, but I don't qualify for the State rebate. So my "out the door" cost after credits / rebate is $31.5k

    I've heard of people trading in 2017's for 2020's for "virtually no cost", but if I buy a new 2020 I'd be paying another $37K. And trade in value is right about $25k per several dealers and CarMax. While I might get $27k or $28k from a private party sale, that's still quote a loss to eat.

    So how is anyone trading in while not taking a huge loss?
     
  2. smyles

    smyles Active Member

    Joined:
    Jan 1, 2019
    270
    178
    0
    Location:
    US
    Vehicle:
    2019 Prius Prime
    Model:
    Prime Premium
    by paying much less during toyotathons.
     
    noonm and MTN like this.
  3. MTN

    MTN Member

    Joined:
    Feb 26, 2017
    62
    63
    2
    Location:
    SB, CA
    Vehicle:
    2020 Prius Prime
    Model:
    LE
    #1 get your net price paid after rebates and tax credits to be less than the value of the car

    Since you can't go back in time to purchase the car cheaper, you're kinda stuck at step 0.
     
  4. tomstodola

    tomstodola Member

    Joined:
    Jan 6, 2011
    129
    20
    0
    Location:
    Ontario, California
    Vehicle:
    2019 Prius Prime
    Model:
    Prime Advanced
    I paid $32000 out the door for my 2019 Prius Prime Advanced in August. My 2017 (regular prius level 4) became a gift to my niece. I just received notice I will get $1,500 rebate from the state (California) and I will be getting my federal tax credit this year as well. The cost ended up less than the 2017 non-prime. Claremont Toyota was just trying to get them off the lot so the $3500 Toyota rebate was sweetened by $1500 from the dealer. net cost is around $27,000. I had to take the color on the lot (silver), though.
     
  5. MTN

    MTN Member

    Joined:
    Feb 26, 2017
    62
    63
    2
    Location:
    SB, CA
    Vehicle:
    2020 Prius Prime
    Model:
    LE