| MSRP: | $18,718 |
Actual Price Paid:
(Including Rebate) | $16,500 |
| Rebate: | None |
| Additional Incentive: | 4.9% @48 mos |
| Amount Saved: | $2,218 |
| Savings as % of MSRP: | 11.85% |
| B |
This price ranks #12 out of 44 submissions for 2009 Toyota Corolla purchases. This price represents a good transaction price.
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| Purchase Date: | Aug 7, 2008 |
| Dealership: | Champion Toyota |
| Location: | Houston, TX |
| Satisfaction: |  |
| Buyer Comments: | The dealership was very busy and we had to wait a little longer than we wanted. The finance department was very interested in selling an extended warranty. I didn't take it because I think extended warranties are generally a bad deal (see consumer reports April 2008). |
| Pros: | The internet department gave me a great teaser rate over the phone -- About $500 less than any local dealership. This is what brought me to their shop. |
| Cons: | As with all car dealers, this and all other dealers make you feel as if you are trying to drive them out of business by negotiating for a lower price. They all say that I'm getting it fro their price -- They can't go any lower without losing money. However, when I pointed out that if they're not making a profit don't sell it to me, they don't accept my suggestion. They eventually accepted my price when i stood up and showed them I was going to walk -- Even though they sent another manager in to plead the higher price. In the end, I probably could have saved some more money by continuing to drop my bid until they finally turned me away -- Likely a mistake on my part. Best advice -- Eat before you get there, have your financing already worked out (Get a pre-approval letter -- With rate your lender will give you -- and take it with you), Arrive late in the afternoon -- when they're tired, Know exactly what you want (Shop around at other dealers first), Give a low-end bid and be ready and commiteed to walk if you don't get your price. I used realcartips.com to help me target the price I thought was a pretty good deal. In the end, the buyer already has what the dealers must have -- MONEY! |
| Trade-In: | None
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