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Tips for buying a Prius C Two?

Discussion in 'Prius c Main Forum' started by hexcode, May 23, 2013.

  1. hexcode

    hexcode New Member

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    I am quite ready to purchase a new car and I think the one I want is a Prius C Two.
    To be honest, I was trying to hold out for a Prius Coupe, but I don't think that will happen anytime soon.

    Here are the options I am interested in:
    Grade: Prius c Two
    Exterior: Blue Streak Metallic
    Accessories: Carpet Floor Mats + Carpet Cargo Mat

    (just wondering, should I consider adding the Rear Bumper Protector and/or Cargo Net?)

    Now Toyota's car builder gives me a MSRP of $21,048
    kbb.com gives me a dealer invoice of $19,764
    truecar.com gives me a dealer invoice of $20,114

    Is it out of the question for me to tell the dealer I want to pay $20,000?
    Lets just say they agree to $20,000, after tax (8.125%) it comes to $21,625.
    So $21,625 should be to total price with all dealer fees and state taxes included correct?

    Now I have a car that I would like to trade in, plan to have it detailed (etc), but kbb.com says it is worth $8,500 or so. But I plan to go no lower then $7,500 (unless they offer more - HA!).

    (side question: when buying a car, if the salesman asks if you have a trade in, what do you say? No? When it turns out you really do? Most the car buying guides say get a final price for the car first, then get a final price for a trade in second.)

    So does this look about right?:

    $20,000
    -7,500
    +8.125%
    =$13,515.65

    I also plan to put a down payment in addition, or maybe not (we'll see).
     
  2. wmo168

    wmo168 Member

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    You should take your trade to CarMax and see how much they will give you. No need to buy a car from them, now you know how much your car worth.

    You can talk about the out the door price to make sure they don't add anything on the price you willing to pay.
     
  3. ztanos

    ztanos All-around Geek!

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    Always haggle with them about price first... get it on paper on in an email. Then mention you would like to trade a car in. $20k is an OK price for a 2 model... but then it depends on where you live. If KBB says $8500 I would bet you will be forced to be ready to walk to get your $7500.
     
  4. hexcode

    hexcode New Member

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    The nearest CarMax is 56.33 miles away (one way). =(

    So I guess I should get a final price over e-mail and not in person?
    Just was wondering what to say I was to go in person and they ask if I had a trade in before we settle on car price.

    Also, none of the local dealers have the color I want, which might be a problem.

    I'm in New York and my trade in is a 2006 Nissan Sentra SE-R SpecV with 35,000 miles.
    But it needs new front tires and new front calipers and needs to be detailed.
    You are saying I would have a hard time getting $7,500?
     
  5. ztanos

    ztanos All-around Geek!

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    If you need tires and you truly need calipers... then yes, you will be lucky. But I have been working on cars for over 20 years and have only ever seen 2 cars that really needed calipers. Usually it's pads or rotors. The calipers are very hard to kill (and if you accomplished it in under 35k miles you need to take it back). I know the ice and snow will affect them, but not this badly.
     
  6. hexcode

    hexcode New Member

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    Well, I am not sure if the problem is with the calipers or not. Just thought it must be since it has new pads and rotors on the front with the factory 2006 calipers. While back has new calipers, pads, and rotors.

    Two new front tires cost $300 (which isn't much).
     
  7. ztanos

    ztanos All-around Geek!

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    Carmax will give you the best trade in possible, even if you don't buy a car from them. You can sell it by yourself for more, but that is time consuming.
     
  8. PriusC-illa

    PriusC-illa Member

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    Have you checked inventory online? I only found 1 in the color I wanted, had to go an hour away.
     
  9. ztanos

    ztanos All-around Geek!

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    My dealer went and got my car 400 miles away and brought it to me.
     
  10. PriusC-illa

    PriusC-illa Member

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    Nice, I didn't wanna wait and I don't have a go-to dealer.
     
  11. ztanos

    ztanos All-around Geek!

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    I had been talking to all of the dealers in my area through email. I refused to talk to them on the phone... too much pressure. This one gave me the lowest price and said they could have the car in 2 days.
     
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  12. hexcode

    hexcode New Member

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    Checked online for dealer stock in my state and found a C2 Blue in stock. They also have this Conquest Cash promo for $1000 if you own a Nissan (don't have to trade in) + $500 if you buy a 2013 Prius C. That's $1500! How does conquest cash work? Does it come off the new car price or do they give me a check?

    Should drive the 110 mikes to CarMax to see what they would give me for my car or just see what this dealer will give me for my car + their $1500 conquest cash?
     
  13. mahout

    mahout Active Member

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    Buying a car is simple no matter how complicated the seller wants to make it.
    You did well to get the invoice, the reasonable price (20,114) to buy. Don't hide the fact thast you have a trade-in; dealers always assume you do even if you deny. Look up the WHOLESALE value of your trade-in, being accurate on condition. Subtract that value from the 'reasonable' value. Thats the difference you offer to pay. Hold firm !!!
    Now add the tax, tags, license, and title fees. You can negotiate that 'sales / transaction 'fee' but few dealers will . They've gotten used to the 'added dealer profit'.
    If you need a loan to nuy the new car first find the loan payoff from your loaning institution and if your trade-in value is less than the payoff. you need to add the difference to your new loan. More later. Multiply your loan value by 1.25 to get the new loan value with interest and divide by 60 to get monthly payments. If you lease after getting the loan plus interest value subtract the 'residual' or value you can buy the car at the end of the lease or if you don't want it whart the dealer will put it on his inventory plus any trade-in costs.
    Now take the difference between the total loan value and residual and divide by the months of the lease.
    Here's an example:
    You agree to buy a car for $20,000; you have a tradein that your oayoff is 8,500 but the tradein value is $10,000. That means you owe $20,000 - 10,000 + 8,500 so you\r loan is $18,500. Add the 8%, the tax, tag, and title fees and thatrs your total amount. Subtract any cash value you have, say $1000 and your loan is 17,500 plus tax, tags and license. Now add that 'dealer added profit', say $500 and your loan is now $18,000 plus tax, tags, license, title and 'transaction fee'. Lets sat it totals $20,000.
    For a 60 month loan multiply the $20,000 x 1.25 and you get $25,000. Divide by 60 months and your payment is $417 a month.
    On a lease, lets say 3 years with 15,000 miles a year you now multiuply the amount you're financing by 1.18 to get $23,600. Subtract the lease residual of $10,500 and you pay $13,100 over 36 months or $363 a month. Assuming you don;'t violate the 15,000 miles a year you can turn the car in free of concern or buy it for $10,500.
    No matter how complicated the seller tries to mistify the purchase and financing thats all there is to it. Those multipliers for interest arefound in most finance tables and of course can vary depending on your credit rating and how much interest the seller wants to extract froim you. Its almost always better to finance thru your bank or credit union. And no those repair insurance add-ons are not good for Toyotas and Hondas. reference CR.
    That help?
     
  14. minkus

    minkus Active Member

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    Excellent choice - that's exactly what I got :D

    I paid $21,000 for a blue 2012 c2 with carpet mats in January 2013 in Northeast Ohio, including tax, title, license, whatever fees, and after $1,000 college grad discount and trading in a crappy car that hadn't run in 4 years. I could've done better, but I as a bit pressed for time, and the dealer drove about 100 miles away to get the color I wanted.

    So, depending on where you live, you should be able to do a bit better, or at the very least get them to throw in some extras (extended warranty, etc.).

    Here are other "how much did you pay" threads:
     
  15. hexcode

    hexcode New Member

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    This dealer has the car on their lot for MSRP or $21,050. Not lincluded tax, title & license (with approved credit), and Dealer doc fee of $285.00 is also ot included. MSRP price includes delivery, processing, and handling fees. So the "invoice" price would not include the delivery, processing, and handling fees? And does "out-the-door" price mean all fees not including tax or with tax?

    Also, this dealer has a Conquest Cash promo for $1000 if you own a Nissan (don't have to trade in) + $500 if you buy a 2013 Prius C. That's $1500! How does conquest cash work? Should drive the 110 mikes to CarMax to see what they would give me for my car or just see what this dealer will give me for my car + their $1500 conquest cash?
     
  16. jhinsc

    jhinsc Senior Member

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    The Conquest cash is money you apply as down payment toward your purchase. I recently helped my nephew lease a Corolla (cheap while in college) and found the $500 online coupon for him to use. Dealer used it as part of the money needed to get into the lease. I think it's worth the 110 mile drive even if just to find out what they will give you for it. Then if your Toyota dealer doesn't give you the same, tell them you will buy after you sell your car yourself (they don't need to know about the CarMax dealer). My guess is once they hear that, they'll meet your price. If not, you have the option of going back to the CarMax dealer to sell it. Always be the one in control of the deal and buy on your terms.
     
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  17. R Scneider

    R Scneider Member

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    When I went to buy mine they had a $1000 off from Toyota if you bought a 2012. Mass emailed all the dealers within 50 miles to find the color model and options you want. Mine came with mats and door guards which I didn't want. They dropped the options off the price when I said. "Love the color but dealer x has one without the options in another color I really don't like"

    Play Dealer against Dealer by email to get the price down some more. I then went to the dealer closest to my house showed them the numbers on paper from the lowest dealer and they "will beat any price by $500"to sell the car. It also helps to go at the end of the month when they need to meet there quota's.
     
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  18. wmo168

    wmo168 Member

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    Look for a New left over 2012 C2, I got mine for $17998 plus tax tag title last month MSRP $21600.
     
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  19. minkus

    minkus Active Member

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    "Out-the-door" price means that if you were to pay that price in full right then, you'd owe nothing more. It includes tax, title, all miscellaneous dealer fees, etc.

    As for the trade-in, I'd recommend was jhinsc and R Scneider said. Get quotes from Carmax, dealerships, anyone else you can contact, and try listing it on Craigslist for like 10-20% more than your highest quote.
     
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  20. Jake123

    Jake123 Junior Member

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    Email quotes from a bunch of dealers is the way to go. It is very stress free. Tell them you are not haggling, just taking the best price that is offered. I got mine with a $1,000 college rebate, tax and interest charges included for just barely under $20k. The only place I could have done better was when they asked me "how much do you want to pay per month?". If they ask this, give them a low-ball amount and hopefully they will just give you a low interest rate to try to meet that low payment. If you are looking to get a rebate, there is usually a caveat that says you need to do the financing through Toyota.