Good Offer?

N

nick9597

New member
Hi all. I'm a total newbie here, but after I have researched this site, I have found that this is the perfect site to have this question answered.

Let me first start by stating that the dealership I am working with was referred to me by my Best Friend. He apparently has a close connection / friend with the Fleet Department.
After I contacted the "connection" he put me in touch with one of his fleet managers. To make a LONG story short, he "offered" me a 2011 4Runner, SR5 4X2 with the convenance package for $100 over invoice (plus tax, license etc.).
My question is....for these circumstances (connection with fleet dept. etc etc) do you think this is not only a good deal but a GREAT deal? Could I do the same elsewhere? Could I do BETTER elsewhere?

Any help or insight would be greatly appreciated.

Nick-
 
Last edited:
Register to hide this ad
westwind77 said:
Wow, yeah! You would be the 1st with a 2011, does it have a V8 option?! :)

All joking aside....What is the 'actual' price, ##,###. Then we could tell you how good of a deal you are really getting.
Click to expand...

Yeah, maybe he meant a 2010.

He said MSRP was $31,114 and invoice is $28,603, would sell it to me for $28,703.

Thanks again for any help.

Nick-
 
TTown said:
That is a good deal.
Click to expand...

Thanks for the comment. :) I just want to make sure I'm understood. I know it is a good deal, but do you think it is worth going to a dealership over 150 miles away when I could get the same "good" deal in my home town? Do you think that my "connection" with the dealership could or should net me a better deal?

Thanks again.

Nick-
 
Regardless of who you're dealing with at the first dealership (and how you were referred there), why wouldn't you want to get a second (or more) quote to sanity check your first quote?

Email the other dealer(s) and ask for their best shot. I honestly don't see the downside to doing this for the 10-15 minutes you'd spend sending an email.

Also, use kbb.com or edmunds.com or other sites with pricing information to verify the MSRP and invoice prices. Again, just a few minutes of doing this would be better than relying on all of our opinions on whether you're getting a good deal. :)
 
qs933 said:
Regardless of who you're dealing with at the first dealership (and how you were referred there), why wouldn't you want to get a second (or more) quote to sanity check your first quote?

Email the other dealer(s) and ask for their best shot. I honestly don't see the downside to doing this for the 10-15 minutes you'd spend sending an email.

Also, use kbb.com or edmunds.com or other sites with pricing information to verify the MSRP and invoice prices. Again, just a few minutes of doing this would be better than relying on all of our opinions on whether you're getting a good deal. :)
Click to expand...

Thanks for the info. Keep the info comin' y'all!
 
Regardless of MSRP vs Invoice numbers, options, blah... blah... blah... 100 bucks over invoice sounds great.

Harper7 makes a good point - there's more than one way for the dealer to make money (above any beyond the dealer hold back and the selling price).

Example... say you're financing, they can push your interest rate up (very common) - and easily make up the difference. I have a buddy who is a dealership finance guy - if people get cocky w/ him or he just doesn't like them, he'll pad their interest rate and throw his hand up in the air and say "sorry, that's the best I can do... you @##$@%).

Bottom line, you have to be able to look at a deal from all the angles, do your homework and be prepared to walk away. Edmunds.com has a lot of good info about preparing yourself for the art of the deal.

Good luck!
 
Last edited:
Thanks again everyone for your comments. It's certainly helped a lot.

I'm not sure however, I've gotten my question answered completely yet. I'll try to ask it more clearly.

Question: Do you think a random member of the public who is well educated in the art of car buying, with NO connections or friends at the dealership, could walk out of the dealership with a new, 2010 4Runner, $100 over invoice?

Thanks again!
 
nick9597 said:
Thanks again everyone for your comments. It's certainly helped a lot.

I'm not sure however, I've gotten my question answered completely yet. I'll try to ask it more clearly.

Question: Do you think a random member of the public who is well educated in the art of car buying, with NO connections or friends at the dealership, could walk out of the dealership with a new, 2010 4Runner, $100 over invoice?

Thanks again!
Click to expand...

yes.
 
To answer your question: Yes another person could walk into another dealership and possibly get the same deal or better. The thing to keep in mind, is they might not get as good a deal you got as well. There are too many things to consider.

For instance, I paid $500 over invoice, but the dealer put $500 more into my trade in than what they should have. So in a way I paid invoice for the car. Additionally and more importantly for you, you need to make sure they don't make up for it on the back end. Go out and get your own financing. Typically credit unions have very good rates, but many people on this forum have found good rates at other banks as well. Secondly, if you are going to buy an extended warranty, search this forum for prices. I paid $1019 for a Toyota Platinum 6 year 125k mile warranty from the guy from Kansas. The dealer I bought my car from wanted to charge me $3095 for the same warranty.

Are you trading in a car?
Are you going to finance?
Are you going to buy an extended warranty?

Bottom line is educate yourself on the whole process and be comfortable with the deal you get. If you don't feel comfortable, walk away!
 
TTown said:
To answer your question: Yes another person could walk into another dealership and possibly get the same deal or better. The thing to keep in mind, is they might not get as good a deal you got as well. There are too many things to consider.

For instance, I paid $500 over invoice, but the dealer put $500 more into my trade in than what they should have. So in a way I paid invoice for the car. Additionally and more importantly for you, you need to make sure they don't make up for it on the back end. Go out and get your own financing. Typically credit unions have very good rates, but many people on this forum have found good rates at other banks as well. Secondly, if you are going to buy an extended warranty, search this forum for prices. I paid $1019 for a Toyota Platinum 6 year 125k mile warranty from the guy from Kansas. The dealer I bought my car from wanted to charge me $3095 for the same warranty.

Are you trading in a car?
Are you going to finance?
Are you going to buy an extended warranty?

Bottom line is educate yourself on the whole process and be comfortable with the deal you get. If you don't feel comfortable, walk away!
Click to expand...

*No trade.
*Yes, finance. (leasing a Toyota seems too high a payment) I'll probably go through a local credit union or BofA.
*No Extended Warranty.
 
I don't know what your credit is like, but once you get an interest rate from the bank, see if the dealer can beat it. If they can, finance with the dealer, otherwise use your bank.
 
nick9597 said:
Question: Do you think a random member of the public who is well educated in the art of car buying, with NO connections or friends at the dealership, could walk out of the dealership with a new, 2010 4Runner, $100 over invoice?
Click to expand...

Yes, it's possible. But why does it matter what a random member of the public would be charged? The only thing that matters in your case is what you're paying for this vehicle. :)

I agree with the others -- there are numerous ways to technically pay "$100 over invoice" and still be taken for a ride in other areas (accessories, financing, etc.). Use the available resources on the web to educate yourself and make intelligent decisions.

This is the way I've looked at my previous purchases: I know I made the best deal possible on the vehicle that I wanted with the information available at that snapshot in time.
 
TTown said:
I don't know what your credit is like, but once you get an interest rate from the bank, see if the dealer can beat it. If they can, finance with the dealer, otherwise use your bank.
Click to expand...

That's exactly what I plan on doing. Thanks for the tip. Everybody here has been more than helpful. :)
 
You must log in or register to reply here.

Members online

Total: 240 (members: 1, guests: 239)

Forum statistics

Threads
278,306
Messages
3,554,045
Members
248,016
Latest member
Advally Service

Share this page

Trending content

Back
Top