Toyota to Increase Prices up to $900 Next Month
For those looking to buy a Toyota, you may want to do it soon before prices go up.
Toyota has announced they will be raising prices on Toyota, Lexus, and Scion brands, to take effect next month.
Counter intuitively, the disaster in Japan isn't to blame for the elevated sticker prices, but rather the strength of the Japanese yen.
A stronger yen reduced the reported profit generated by Toyota sales in U.S. dollars.
The smallest increase comes on the Scion xD five-door, which sees a $65, or 0.4 percent bump to $15,110.
The Land Cruiser and Sequoia both see their list prices increase by $900.
Lexus IS models will increase in price by $650, while GS 450h, LS and LX 570 models all add $900 to the bottom line.
If you're thinking about getting a Toyota model, you should seriously consider doing so before the more expensive ones start arriving next month.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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