Toyota Motivated to Match 2012 Prius Plug-In Sales; Defends Discounting

Discussion in 'In the News' started by xcel, Mar 4, 2013.

  1. MaxxMPG

    MaxxMPG Hasta Lavista AAA-Vee Von't Be Bach

    There is still a shortage of decent used cars in the NY/NJ area after Sandy, and used car prices here have gotten silly. Your Corolla is probably worth more here in the NY area than in other parts of the country. Try going to Edmunds and using the Appraise Your Car tool, and when prompted for a zip code, type in 11530 (Garden City, NY) and do an honest appraisal - the TMV trade value would be your target price. If that is too low, then it's better keeping the Corolla or selling it privately.

    I figured they'd extend the $4650 rebate - they need to clear out the cars. Most local Toyota dealers, as Wayne discovered, are still living in the 1980s when a Toyota would sell for just about any price you could make up. Times have changed, and they have to compete, but very few people at the dealers got that memo.
     
  2. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Hi Dave:

    If you can sell the Corolla locally, walking in with a purchase only is a lot simpler yet still a hassle as posted. I would have been gone crazy if I had a trade on my hands moving from NY/NJ area dealership to dealership.

    When I posted the March 2013 sales results and saw that Toyota sold just 786 Prius PHEVs in March even with the $4,650 and $6,000 incentives plus plenty on NY and NJ Toyota dealership lots, it proves the PHEV is not what anyone would deem a success. The $4,650 incentive brought the Prius PHEV down to the level it should have been priced at in the first place with the Fed, State and local incentives providing the "over the top" push.

    What I was truly surprised with was the Prius PHEVs improved highway FE capability at higher speeds.

    So far Marian has not filled the PHEV as that will probably come in two more weeks. With free in-garage charging and her 78 mpg average so far, she has moved from $200/month fuel cost in the MDX to $50/month in the Prius PHEV. A lot of $’s to spend upfront to save $150 a month in gasoline but it’s a brand new car vs. the old school SUV pig (could not park it in Southern California worth a damn) and maintenance will be close to nothing vs. approximately $500 per year spent on the MDX. Insurance is the same.

    Wayne
     
    Last edited: Apr 17, 2013
  3. DaveJ

    DaveJ Well-Known Member

    I ran KBB in my area and Edmunds in 11530 and came up with similar numbers. Thanks Maxx.
    Wayne, I originally thought about outright(still have not ruled out) but getting to NJ ( 1000 miles)
    by end of month is a problem and costly by air.
    I've sold all my old cars myself for the last 10 years to my advantage.

    Still thinking........
     
  4. MaxxMPG

    MaxxMPG Hasta Lavista AAA-Vee Von't Be Bach

    Airfare on Fri 4/26 one way from STL to JFK is $192, or $225 from STL to ISP (MacArthur), not counting taxes, etc. If you really want to entertain the idea of buying a Prius PHEV, I'd get you from the airport, put you up for the night, and take you the next day to the dealer who accepted your deal. From there, it's a long drive home, but you'd be back by late Monday (it's about 1000 miles). If you manage 60mpg, that distance would burn a bit under 17 gallons. So not counting tolls, the drive home wouldn't cost all that much.
     
  5. DaveJ

    DaveJ Well-Known Member

    Maxx,

    What a generous offer! Who says East Coast folks are not friendly?
    Going further in my due diligence, I went and looked and drove a regular Prius this afternoon equipped as close to the plug-in as I could find. I liked it except for the view out the back.
    I am going to have to think about if it is the right choice for me.
    Again, thanks and if I go further I'll let you know.
    What a great board this is!

    Dave
     
  6. MaxxMPG

    MaxxMPG Hasta Lavista AAA-Vee Von't Be Bach

    The rear view is definitely "different", with the split window.

    The offer stands, and who knows - they may continue it on into May if they don't get enough takers in April. The $4650 makes the PHEV much more attractive, and I see helping out as a way to add one more super-efficient vehicle to America's highways. Imagine the fuel saved every year!

    As you think about it and try to work out the logistics, keep in mind that maybe $250 total for an airline ticket in and maybe $100 in gas and tolls gets a PHEV to your driveway, not to mention a weekend in the NYC area.

    PS - Many East Coast folks are friendly, but you may want to revisit the view when you speak to some East Coast dealers. They're some of the most ruthless folks - just ask Wayne about his rapid-fire phone sessions going through the list of dozens of dealers.
     
  7. DaveJ

    DaveJ Well-Known Member

    I may be shifting gears toward the Camry Hybrid. Local dealer has a left-over 2012 he wants to move. Went back this pm and drove it. Rear sight is excellent for me. I need to do a little more research before making an offer.
    Anyone know anything bad about them? All I find in reviews is mostly good.
     
  8. Harold

    Harold Well-Known Member

    Toyota's Hybrid system is a very reliable drive train. Not sure there is much better. H
     
  9. ksstathead

    ksstathead Moderator

    Do the rear seats fold? A lot of hybrid sedan versions seats do not, and that cuts off a slice of utility that may or may not matter to you.

    I'd love a TCH if I were not so hung up on mpg of the Prius line. TCH very good, but tuned a bit more for performance and comfort which are not as high on my list.
     
  10. DaveJ

    DaveJ Well-Known Member

    One side does- kind of- with a opening somewhere around 1.5 ft. wide X 1 ft tall +/-

    Not as good as my Corolla, but I've only used them a couple times in 5 1/2 years.
     
  11. DaveJ

    DaveJ Well-Known Member

    I pulled the trigger on a 2012 Camry Hybrid LE today. Thanks to those who offered advise , especially MaxxMPG.
    I worked with a NJ dealer that had a lot of Plug-ins. He finally got serious after 3 days and I had decided to go with the Camry. If anyone is looking, ask and I can provide his name and number. I bet he will get his price down quicker on next out of town prospect.
    He was down about the Price Wayne got with ALL add on's at the end( but it was like pulling teeth)

    I'll try not to hijack this thread and will start a new one in the Camry Hybrid spot after a few miles on my new one.
     
  12. MaxxMPG

    MaxxMPG Hasta Lavista AAA-Vee Von't Be Bach

    Glad you're going for the TCH, Dave, and glad I could help out. The TCH is quite capable, and Wayne showed us what it's worth (70+) during the CleanMPG Preview of the 2012 Camry Hybrid. I trust you will be pleased with your decision when you find out what it will offer in your daily driving.
     
  13. Luke

    Luke Well-Known Member

    Slightly off topic but today I found out that CA state asks sales tax on purchase price before trade-in and before any rebates:-(. Moved from another state so didn't know that.
    So I guess the NY rebate is also not lowering the sales tax.
     
  14. jcp123

    jcp123 Caliente!

    One of the reasons CA is a very expensive place to live, even in parts which do NOT have outsized housing prices. We were pleasantly surprised that Texas does let you pay sales tax on the net price after trade-in, etc.

    If I could get a massive discount bringing a Prius v down to around a sub-$22k I'd have one in my driveway.
     
  15. Luke

    Luke Well-Known Member

    Yes CA is pretty expensive. Still like it here but you wonder where all those extra taxes are wasted on. Typically you get a salary adjustment but it won't completely cover higher costs (certainly not housing).

    There was an article today from automotive news that Toyota won't reach 2013 sales targets for Prius family. But unlikely there will be massive discounts yet (at least not for CA). But good to keep checking.
     
  16. DaveJ

    DaveJ Well-Known Member

    I see some states have a 2K rebate on the Prius V, including Texas.
    If you got a Prius V in level 2 without add-on for 28 sticker or less, I bet you could get below 23 and close to the 22K figure if you worked a hard deal, if you got discounting like I got on my new 2012 Camry Hybrid yesterday.

    I went on a short trip to show it off to my son today about 6Pm, 140 miles on the ODO, 1 day old and hit a deer! Damn!!!
    Not a hard hit, I got slowed way down. Prob. need a new front bumper, headlight worked on and one place behind bumper very minor paint chip and bend. Maybe 2 grand , and I
    have 1K deductible.
     
  17. jcp123

    jcp123 Caliente!

    Maybe...I'm not much of a negotiator though. Plus the Toyota dealer here is stingy on trade-ins :(
     
  18. DaveJ

    DaveJ Well-Known Member

    Go to the next town over, or the one after that, if you need to, if you really want one, and you local one will not deal.
     
  19. BillLin

    BillLin MASS: 2018 Bolt EV and 2017 Prime

    Ouch! Less so than Matt's new PIP, but still... I have the same higher
    deductible.

    Good (or better) luck,
    Bill
     
  20. jcp123

    jcp123 Caliente!

    yeah, maybe. We are leaning towards a Mazda5 atm although we are toying with the idea of saving up for a conversion van and a travel trailer and touring the continent for a year...
     

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