Toyota Resale Values Dropping
The prices dropped nearly 10% over the course of only a few weeks, for a total of more than $1,000 in lost value because of concerns from buyers over the safety issues and ongoing reliability concerns. Other cars in the mid-size sedan segment have seen their value remain relatively unchanged over the past couple weeks.
The decline is likely to continue according to industry pricing estimates, and while the cars may still be a worthwhile choice for buyers once their issues are ironed out, prospective owners looking to sell their cars in the next several years may want to keep in mind the continuing loss of resale value.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid