1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Price of 2011 Prius and cash back

Discussion in 'Dealers & Pricing' started by Tandem Rider, Feb 6, 2012.

  1. Tandem Rider

    Tandem Rider Junior Member

    Joined:
    Feb 2, 2012
    56
    7
    0
    Location:
    Indianapolis, Indiana
    Vehicle:
    2016 Prius
    Model:
    Three
    Two weeks ago I got a price on a 2011 Prius 2 for 2% above invoice + $99 DOC fee. I kept the $500 cash back. I thought the price was high and decided to wait. Now the $500 cash back is gone. Do I have any chance of beating the previous deal? Does Toyota kick back to dealers when a new car is last year's model and that is why the cash back is gone? Thanks.
     
  2. sphereman

    sphereman Junior Member

    Joined:
    Oct 9, 2011
    48
    2
    0
    Location:
    So.Cal
    Vehicle:
    2012 Prius
    Model:
    Two
    I think the $500 is back.
    Dealers are blowing out their now old 2011's so you have a better chance to buy one at a cheaper price than before
     
  3. DianneWhitmire

    DianneWhitmire High PRIUStess

    Joined:
    Oct 23, 2007
    4,062
    1,123
    64
    Location:
    Laguna Niguel, CA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    Regions make decisions based on their supply, their terms, demand, and their budget. If Prius sales are OK and brisk enough to not cause any concern, but another model is down in volume as opposed to where they want it to be, the money will go there to that model, and not be on Prius. They also halt allocations and production of certain things if things are going slowly BUT that's kind of like trying to put the brakes on a 10,000 bus on a sharp decline. It doesn't stop fast enough!

    That's why incerntives can fluctuate in certain areas, and appear and then disappear the following month. If 90% of your Prius 2011 buyers seem to be doing the low leasing terms or using the low APRs then the 500 rebate isn't really needed. It makes more sense to that region to re-allocate its use (the $500 per car) on some other model to help its slightly sluggish movements!