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Wait to Purchase a Toyota Prius After Summer

June 30, 2011

First the bad news: The Toyota Prius is nearly sold out at dealers nationwide, making it very difficult to negotiate a good deal.

Inventory is down to just four days' supply, meaning customers will be unlikely to drive away with the exact color and model they want.

Many Toyota dealers currently don't even have ANY Priuses on their lots.

Now the good news: If you wait to purchase until after summer, it looks like supplies should increase while prices drop.

Toyota recently announced they will be exporting 36,000 additional Prius hatchbacks to the U.S. this summer. There are currently only 3,000 Priuses in inventory, so this should help ease demand.

Toyota hopes for production of the hybrid to return to normal levels by September - and begin to exceed those levels in October.

Your best bet will be to wait until the end of the year before purchasing a Prius.

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My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, 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.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Gregg Fidan

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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