|
07-24-2006, 08:13 PM | #19 |
Drives: 2007 Liftback Join Date: Jul 2006
Location: USA
Posts: 334
|
I thought they paid to have them shipped....(destination cost). I didn't know that was profit?
__________________
2007 Liftback Blazing Blue Cold Weather, Convenience Package, Arm Rest, Floor mats, Weathertech vent visors |
07-25-2006, 07:16 PM | #20 |
Raggamuffin
Drives: Yaris Latchback 2007 Join Date: Jun 2006
Location: Raleigh, NC
Posts: 41
|
Destination charges are not profit for the dealer. Hell. The thing came over from Japan. It's the documentation fees that they make some $$$ with.
|
07-27-2006, 01:48 AM | #21 |
CAMRY FTW!
Drives: Camry LE V-6 (225,000+ miles) Join Date: Jul 2006
Location: Huntsville, Ala
Posts: 108
|
The local Toyota dealer here in Huntsville, Al has their very own $399 processing fee and $1000 prep fee.
This is on TOP of the MSRP! |
07-27-2006, 06:59 PM | #22 |
Drives: 2007 Liftback Join Date: Jul 2006
Location: USA
Posts: 334
|
wow...mine had a $179 fee for processing
__________________
2007 Liftback Blazing Blue Cold Weather, Convenience Package, Arm Rest, Floor mats, Weathertech vent visors |
07-27-2006, 07:00 PM | #23 |
Drives: 2007 Liftback Join Date: Jul 2006
Location: USA
Posts: 334
|
no prep fee
__________________
2007 Liftback Blazing Blue Cold Weather, Convenience Package, Arm Rest, Floor mats, Weathertech vent visors |
07-28-2006, 04:31 AM | #24 |
Yarii Hunter
Drives: 2007 Yaris Liftback and S13's Join Date: May 2006
Location: Austin, Texas
Posts: 437
|
again. kick them in the nutz. Ask again. repeat as necessary until you get ATLEAST MSRP or less...
__________________
Thanks for all the help over the years, YarisWorld!!! |
07-28-2006, 01:00 PM | #25 |
My brother sells Toyotas for a living, a few hundred miles away from where I live.
He told me to buy it down here! He showed me just how much the dealer paid, and how much he would make on this one car. I didn't bargain at all with the salesman, but the finance manager probably walked funny for a while after I got done with him... |
|
07-28-2006, 01:09 PM | #26 | |
Mr. 155 and climbing
Drives: Seriously Modded 07 Sedan Join Date: Jun 2006
Location: In The Hotbox
Posts: 4,742
|
Quote:
dude...wtf is a prep fee????
__________________
Team Tiamat Racing on Facebook Youtube Channel: Team Tiamat Racing Class record holder in Land Speed @ 154.5mph for 1.5 mile and 145.5mph in the mile in the F (2.016 to 3.014 L), G (1.524 to 2.015 L), and H (1.016 to 1.523 L) classes. |
|
07-28-2006, 05:07 PM | #27 | |
Drives: 2007 Liftback Join Date: Jul 2006
Location: USA
Posts: 334
|
Quote:
__________________
2007 Liftback Blazing Blue Cold Weather, Convenience Package, Arm Rest, Floor mats, Weathertech vent visors |
|
08-02-2006, 12:34 AM | #28 |
Drives: 2007 Barcelona Red Yaris Sedan Join Date: Aug 2006
Location: New Hampshire
Posts: 28
|
Here's what I figure they made on mine...
I signed the paperwork on a Barcelona Red sedan with the convenience package, automatic transmission and floor mats last night. It MSRPed at $14,100.00. I was initially told by the salesperson that they would not budge on the price; I was going to pay MSRP or not at all. As my fiancee was busy feeding our infant son, we couldn't just up and leave, and really, this worked to our advantage as we had an excuse to hang around for reasons other than interest in the car.
The salesman returned with someone else from his team: The negotiator. He handed me an invoice right off the bat. It was consistent with the one I'd pulled from Consumer Reports: $13,270.00 not including their $251.00 holdback (which was actually in the fine print on the invoice... I was impressed). In addition, there was a charge for advertising in the amount of $125.00. I understand from what I've read and Edmunds that this is legitimate and reflects an actual expense on their part. So, their invoice is $13,395.00. I took my time reviewing it. I asked a couple questions I knew the answers to already just to waste a few more minutes. I offered invoice. He immediately countered at $400.00 over invoice without even blinking. That's $13,795.00. I repeated myself: Invoice. I told him that he hadn't yet beat the deal another dealer had given me. This technically wasn't true as I hadn't discussed pricing with another dealer yet, but I was trying to save myself the trouble of going through this process more times than necessary. The negotiator left for a few minutes - presumably to talk to his sales manager - and returned with a counter of $200.00 over invoice. I offered $100.00 over invoice. He steamed off, using an explicative. A few minutes later, the general manager himself showed up to play the good cop. I tried to haggle with him a little... I told him another $100.00 off and we'd have a deal. He wouldn't budge, so I walked. The next day - the last day of the month - I get a call from the salesperson I originally talked to. I asked him one last time whether or not he could work on the price. He claimed he couldn't, so I accepted and signed the paperwork that evening. Here's what I paid: $13,595.00 + $195.00 "administration fee" = $13,790.00. That's $505.00 below their original asking price ($14,100.00 MSRP + $195.00 "administration fee" = $14,295.00). Holdback considered, their cost for acquiring the vehicle was $13,144.00 (that's an invoice of $13,395.00 - $251.00). I'm guessing that 50% of the "administration fee" reflected actual expenses and the other 50% was profit, so let's add the $97.50 expense to that figure, making it $13,241.50. So... $13,790.00 - $13,241.50 = $548.50 margin, but as someone else said, there are volume discounts and other hidden ways the dealers reduce their cost. The point is: If you're asked to pay MSRP - and certianly if you're asked to pay over MSRP - keep searching. Shop on the last day of the month if you have to. Of the three dealers we visited, two would work with us (one even went $96.00 lower than the price I paid, but they only had black, which I really, really didn't want) and another wouldn't budge off of MSRP, choosing to let me walk instead. Last edited by makelikemorning; 08-02-2006 at 05:35 PM. |
08-02-2006, 02:31 AM | #29 |
Banned
Drives: 07 Black Yaris LB, 05 Camry LE Join Date: Jul 2006
Location: Lost Wages
Posts: 243
|
Sedans are eay to get and there are quite a few on the ground here, liftbacks are sold BEFORE they are unloaded in Las Vegas. That being said my time is more valuable than pissing around with a dealer for a few hours over a couple of hundred dollars.
All things are not equal between regions! |
08-02-2006, 07:51 AM | #30 |
Drives: 2007 Barcelona Red Yaris Sedan Join Date: Aug 2006
Location: New Hampshire
Posts: 28
|
That didn't seem to be the case at all here. I've been finding two or three liftbacks on the lot for every sedan I could locate. At one point, I even suggested to my fiancee that we take one of those because they were so much easier to find, but we have a child, making the sedan a better choice. Furthermore, I had to buy my sedan sight-unseen - like you said, before it even unloaded.
I'm guessing that you're either independently wealthy or that you make at some outrageous amount of money to be able to state that a few hours' time isn't worth a couple of hundred dollars to you, but if that's the case, I'm wondering why you decided to invest in such an inexpensive car as a Yaris. Simple math reveals that it's many times over worth it for me; I would have sat there all day for a couple of hundred dollars. Besides, playing the game with dealers is a rush once you get a handle on it. Last edited by makelikemorning; 08-02-2006 at 09:02 AM. |
08-02-2006, 03:04 PM | #31 | |
Banned
Drives: 07 Black Yaris LB, 05 Camry LE Join Date: Jul 2006
Location: Lost Wages
Posts: 243
|
Quote:
|
|
08-02-2006, 03:05 PM | #32 | |
Banned
Drives: 07 Black Yaris LB, 05 Camry LE Join Date: Jul 2006
Location: Lost Wages
Posts: 243
|
Quote:
|
|
08-02-2006, 05:46 PM | #33 | |
Drives: 2007 Barcelona Red Yaris Sedan Join Date: Aug 2006
Location: New Hampshire
Posts: 28
|
Quote:
Congratulations on your purchase! |
|
08-02-2006, 10:13 PM | #34 |
Banned
Drives: 07 Black Yaris LB, 05 Camry LE Join Date: Jul 2006
Location: Lost Wages
Posts: 243
|
For a childless (by choice) couple feeding an infant COULD seem like an eternity. Hope you and yours also enjot the ride. You've done very well!!!!
namaste |
08-03-2006, 12:24 PM | #35 |
Only Happy When it Rains
|
Ok guys, an entire thread on this and no links? lol.
www.edmunds.com www.kbb.com http://www.nada.com/ All these sites will list "invoice prices." After invoice, dealers get a kickback for each car they sell from the manufacturers, which is usually 2-3%. This money is usually kept by the dealership owner. Also, as was listed above, dealerships get bulk discounts of some type, depending on the manufacturer.
__________________
Colin Chapman disciple |
08-04-2006, 09:20 AM | #36 |
Drives: Yaris Join Date: Jun 2006
Location: Sydney
Posts: 4
|
seems like no one got a good deal ut of a small car. I was told that to. Some of the dealers wouldnt budge except but when i told them i was serious about purchasing a car they just sat and listened.
YRX YARIS HATCHBACK AUTO 5 DR car rrp 22090 down to 20081.82 metallic paint 195.45 mats 95 other rego 259 ctp 335 dealer delivery 1540.90 stamp duty 657 |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
When will the Yaris hit the showrooms at dealers? | Petrolhead | New YARIS Purchase Forum | 181 | 11-28-2011 07:03 AM |
Engine mods - why bother? | RallyYaris | Performance Modifications | 143 | 12-24-2006 03:56 AM |
Help, the wife thinks the Yaris is a Dork mobile.. | ElViShGiBbErIsH | General Yaris / Vitz Discussion | 67 | 08-25-2006 09:39 AM |
Doesn't this make you mad | Chaad32 | General Yaris / Vitz Discussion | 18 | 07-22-2006 12:58 AM |
Anybody interested on having a manufacturer make coilovers? | C2AUTOSPL | Wheels, Tires and Suspension Forum sponsored by The Tire Rack | 11 | 07-14-2006 06:46 PM |