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Customer Cash - Historical or Predictive Data?

Discussion in 'Prime Main Forum (2017-2022)' started by Cdgreg, Dec 8, 2019.

  1. Cdgreg

    Cdgreg Member

    Joined:
    Feb 24, 2013
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    Location:
    Canandaigua, NY
    Vehicle:
    2020 Prius Prime
    Model:
    XLE
    Our 2007 Prius is still chugging along (230k miles) and we've been considering upgrading to a new Prime for a few months now given the various incentives. The only reason we've held off is because the old Prius is still going barring the dents, rust, failed AC, burning oil, and somehow leaking/evaporating inverter coolant.

    Over the past 3 months, for zipcode 14424 in Western NY, customer cash on a 2020 Prime has been:
    Oct: $1,500
    Nov: $3,000
    December: $3,000

    This amount of customer cash is really enticing, given it's 10% of the MSRP for a XLE and we'd hate to miss out on it, but at the same time we don't NEED to buy right now, by any stretch of the imagination. So, long winded intro to my questions:
    • Is there any historical data available somewhere for local customer cash incentives?
    • Is there anything predictive in relation to local customer cash incentives?
    • Are Toyota incentives (ex. customer cash) generally higher at the end of the calendar year?
    Thank you!
     
    #1 Cdgreg, Dec 8, 2019
  2. Dennis_MA

    Dennis_MA Active Member

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    Location:
    Amherst, MA
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    Other Electric Vehicle
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    I think the federal tax credit expires this year. So you may want to consider that depending on your tax status.
     
    #2 Dennis_MA, Dec 8, 2019
  3. Trollbait

    Trollbait It's a D&D thing

    Joined:
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    Location:
    eastern Pennsylvania
    Vehicle:
    Other Non-Hybrid
    Toyota is not losing the the federal tax credit.

    I don't know of any historical tracking of incentives to help predict them, but they generally go up at the end of the year in order to move out any old inventory. Also, Toyota tends to be more generous in the Northeast for the Prime, because state incentives aren't as generous as in California and Colorado.

    That said, the 2020 Prime got a middle rear seat, which should help sales. If you don't need that, and can find a 2019, you might get some additional discounts.
     
    #3 Trollbait, Dec 8, 2019
    Cdgreg likes this.
  4. bisco

    bisco cookie crumbler

    Joined:
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    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    toyota built too many primes on the first run, resulting inrebates discounts upwards of $10,000.

    with the refresh, inventory has been running behind, and they likely have a better handle on demand, so i would be surprised to see the rebate get much better.

    but it also depends on how many land barges they sell in cali.
     
    #4 bisco, Dec 8, 2019
    Cdgreg likes this.
  5. Trollbait

    Trollbait It's a D&D thing

    Joined:
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    Location:
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    Actually for in the entire country for CAFE. They are praying to get close to GM and FCA sales of such.
     
    #5 Trollbait, Dec 8, 2019
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