Mike "Wuzzy121". Rest in peace, brother

Go Back   Tacoma World Forums > Tacoma Discussion > 2nd Gen. Tacomas

Notices

Buying My First Car (Truck)

Reply
 
Thread Tools Search this Thread
Old 03-08-2011, 12:59 PM   #1
Senior Member
RiderOnTheStorm will become famous soon enough
Name: Brian
Joined: Dec 2010, #47987
Location: Indiana
Gender: Male
Posts: 164
RiderOnTheStorm's Tacoma Gallery
Buying My First Car (Truck)

Hello,

I am in the process of buying a new Tacoma and I've never purchased a vehicle before, so I am hoping to get some help!

I am looking at a 2011 A/C with the 2.7L, 4x4, and 5 speed manual with the SR5 package. It has a MSRP of $25,800.

First, I was curious about where to find invoices or maybe even an idea of what a dealer pays. I have been using cars,com, edmunds.com, kbb.com, and consumerreports.org to try to determine a "best price" or where I should shoot for negotiation. Are these sites' prices reputable or better yet, accurate? If not where can I look or does anyone have resources to help me?

Secondly, I am deciding how to pay for the Taco. One option is create a payment plan with parents and pay for the vehicle with cash. The other is to finance it from Toyota and make payments to them. My overarching question is does paying cash or financing help influence the ability to negotiate? If I was going to make it a cash sale would the dealer (in your opinions or experience) be wiling to work with me more knowing the vehicle paid off.

If you guys and gals could help me this that would be greatly appreciated! I'll also take any tips you have! Thanks!
  Reply With Quote
Old 03-08-2011, 01:03 PM   #2
Senior Member
TexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shedTexAggie is one of the sharper tools in the shed
 
TexAggie's Avatar
Name: Eric
Joined: Dec 2010, #47773
Location: Odessa
Gender: Male
Posts: 1,208
TexAggie's Tacoma Gallery
I found this
http://www.carmax.com/enus/search-re...epage:homepage Make&Rp=R&PP=20&sV=List&CD=662+14+240+190+398+15+9 &Q=4389278c-c4f5-4ee2-a191-147870b9e66a&ACD=662+14+190+398+15+9

hope that helps! Looks like you could get for 24-25K
  Reply With Quote
Old 03-08-2011, 01:09 PM   #3
Rompin Around
lembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shedlembowski is one of the sharper tools in the shed
 
lembowski's Avatar
Name: Matthew
Joined: Jul 2009, #20347
Location: Mission Valley
Age: 32
Gender: Male
Posts: 6,502
lembowski's Tacoma Gallery
I used this website when I purchased and was able to get them within $300 of the dealer cost on the site:

http://www.truecar.com/

For the truck you are mentioning the price based on my location is saying dealer cost is $22,797, and the average price paid is $23,158.

Goodluck
  Reply With Quote
Old 03-08-2011, 05:31 PM   #4
Senior Member
RiderOnTheStorm will become famous soon enough
Name: Brian
Joined: Dec 2010, #47987
Location: Indiana
Gender: Male
Posts: 164
RiderOnTheStorm's Tacoma Gallery
Thanks!
  Reply With Quote
Old 03-08-2011, 05:36 PM   #5
Psalm 109:8
BryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shedBryWi is one of the sharper tools in the shed
 
BryWi's Avatar
Joined: Dec 2010, #47177
Location: Earth
Gender: Guy
Posts: 1,777
BryWi's Tacoma Gallery
Edmunds.com is very informative as well.

Good luck.
  Reply With Quote
Old 03-08-2011, 05:40 PM   #6
Member
billyboi8 is on a distinguished road
 
billyboi8's Avatar
Name: Billy
Joined: Feb 2011, #51053
Location: Tidewater VA
Gender: Male
Posts: 53
billyboi8's Tacoma Gallery
My dad has been buying them since 1983. He says you get them at about 90% cost give or take some. So you get bout 10% off the sticker price.
  Reply With Quote
Old 03-08-2011, 05:54 PM   #7
Hunker Down You Hairy Dawg!
TacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shedTacoDawgfan is one of the sharper tools in the shed
 
TacoDawgfan's Avatar
Name: Mike
Joined: Jan 2011, #50214
Location: Georgia
Gender: Male
Posts: 12,440
TacoDawgfan's Tacoma Gallery
When I bought mine, and with my research, expect to chew them down 3k, which is roughly the 90% mentioned above. Sounds like you are young. As far as financing, If you need to build credit and your parents are willing, get it financed with them as a co signer to help build your credit and get a lower interest rate. I've always been told that if you have cash you can negotiate a better price, but I've not really had that luxury. Good luck.
  Reply With Quote
Old 03-08-2011, 06:23 PM   #8
Senior Member
mattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shedmattg43 is one of the sharper tools in the shed
Name: Matt
Joined: Feb 2011, #51640
Location: Texas
Gender: Male
Posts: 849
mattg43's Tacoma Gallery
In my experience with new car dealerships, cash is actually a detriment to the deal. The dealership gets a kick back from the loan provider for talking you into financing (theirs, instead of a bank...) and are generally easier to work with.

If you are talking with a used car dealership, usually the opposite - cash talks.

Beyond that - if you decide on financing, remember not to get into the "monthly payment" game. Work on the bottom line price, not the payments.

Good luck
  Reply With Quote
Old 03-09-2011, 06:51 PM   #9
Senior Member
RiderOnTheStorm will become famous soon enough
Name: Brian
Joined: Dec 2010, #47987
Location: Indiana
Gender: Male
Posts: 164
RiderOnTheStorm's Tacoma Gallery
Quote:
Originally Posted by Pogiboy View Post
you sure you want manual? read a lot of problems with it. you dont want v6? almost same gas mileage
I thought the majority of the problems (throwout bearings, etc.) were on the 6 speed manual. And yes the gas mileage is close, but 15 is not 18.

An auto V6 puts me at minimum of $29k. Unless there is going to be a Tacoma World help me buy a truck fund...that's not going to be an option
  Reply With Quote
Old 03-09-2011, 07:01 PM   #10
Senior Member
05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed05TRD4WD is one of the sharper tools in the shed
 
05TRD4WD's Avatar
Name: Taylor
Joined: May 2009, #16710
Location: Chesapeake, VA
Age: 22
Gender: Male
Posts: 680
05TRD4WD's Tacoma Gallery
if you pay cash you will always get a better deal. in dealers eyes, cash talks and bullshit walks. i bought a scion tc a while back for school because i didnt want to put miles on my tacoma and got 3K off for paying cash
  Reply With Quote
Old 03-09-2011, 08:17 PM   #11
Senior Member
mattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shed
 
mattygabe's Avatar
Name: Matt
Joined: Jan 2011, #50137
Location: Western PA
Gender: Dude
Posts: 196
mattygabe's Tacoma Gallery
I used Edmund's pricing guide. It shows you the MSRP and sticker, and then a price that's paid on average in your area, and is very fair.

When you do the negotiations:
  1. Make SURE to do your research on all the options and packages, and about what they run.
  2. Once you've researched, locate a dealer that has the truck that's as close to what you want, and call to setup a test drive to take a look at it. Be sure to speak to the "internet sales department" as they are generally not as pushy as the normal "salesmen". I suspect in a few years there will be no difference, but for now there's still a separation between the two.
  3. When you negotiate, keep things separate. Negotiate the truck's purchase price first. One flat number, should be the price that YOU will pay for the truck alone. Then negotiate financing terms using that purchase price. Walking in with pre-arranged financing from your bank or credit union is an extra feather in your cap that keeps things on your side.
  4. If you're doing a trade-in, be sure to be explicit as to it's value, and keep it separate from the other portions of the purchase, too.
  5. Also, have the dealership send over a preliminary sheet that lists the entire deal on paper, including any fees they'll charge. Ask for clarification for any of the fees that aren't immediately understood, and make sure you feel comfortable enough to be able to sign that sheet as if it were the actual contract. Then take it with you the day you sign for your Tacoma.
Just a few things I picked up during my recent purchase experience.
  Reply With Quote
Old 03-09-2011, 08:18 PM   #12
Senior Member
mattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shed
 
mattygabe's Avatar
Name: Matt
Joined: Jan 2011, #50137
Location: Western PA
Gender: Dude
Posts: 196
mattygabe's Tacoma Gallery
Quote:
Originally Posted by 05TRD4WD View Post
if you pay cash you will always get a better deal. in dealers eyes, cash talks and bullshit walks. i bought a scion tc a while back for school because i didnt want to put miles on my tacoma and got 3K off for paying cash
I'm going to start following you around, try and catch a few of the $100's falling out of your ass.
  Reply With Quote
Old 03-10-2011, 05:30 AM   #13
BELT FED 2OZ. PULL
river rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shedriver rat 69 is one of the sharper tools in the shed
 
river rat 69's Avatar
Navy: River Boats,Mike's & PBR'S Viet-Nam 68&69
Name: Jim
Joined: Dec 2010, #47249
Location: Orlando, Fla., Green side of the grass
Gender: Dude
Posts: 15,057
river rat 69's Tacoma Gallery
Quote:
Originally Posted by RiderOnTheStorm View Post
I thought the majority of the problems (throwout bearings, etc.) were on the 6 speed manual. And yes the gas mileage is close, but 15 is not 18.

An auto V6 puts me at minimum of $29k. Unless there is going to be a Tacoma World help me buy a truck fund...that's not going to be an option
If you can spend a day going to as many dealers as you can(nearest big city) tell them you have cash.Dont play the game on the price they want. Tell them 15% off list they will, be nice give em your name and ph# and walk. Someone will call, works in fla. Also ask your bank or c. u. if they know a wholesaler for a small fee they are a big help. Dont let the dealer get you, get him, good luck & dont be in a hurry. Jim
  Reply With Quote
Old 03-10-2011, 07:56 AM   #14
Junior Member
70Firebird is on a distinguished road
 
70Firebird's Avatar
Navy: Aviation Boatswain's Mate
Joined: Feb 2011, #50784
Location: Earth
Gender: Male
Posts: 14
70Firebird's Tacoma Gallery
Quote:
Originally Posted by mattygabe View Post
I used Edmund's pricing guide. It shows you the MSRP and sticker, and then a price that's paid on average in your area, and is very fair.

When you do the negotiations:
  1. Make SURE to do your research on all the options and packages, and about what they run.
  2. Once you've researched, locate a dealer that has the truck that's as close to what you want, and call to setup a test drive to take a look at it. Be sure to speak to the "internet sales department" as they are generally not as pushy as the normal "salesmen". I suspect in a few years there will be no difference, but for now there's still a separation between the two.
  3. When you negotiate, keep things separate. Negotiate the truck's purchase price first. One flat number, should be the price that YOU will pay for the truck alone. Then negotiate financing terms using that purchase price. Walking in with pre-arranged financing from your bank or credit union is an extra feather in your cap that keeps things on your side.
  4. If you're doing a trade-in, be sure to be explicit as to it's value, and keep it separate from the other portions of the purchase, too.
  5. Also, have the dealership send over a preliminary sheet that lists the entire deal on paper, including any fees they'll charge. Ask for clarification for any of the fees that aren't immediately understood, and make sure you feel comfortable enough to be able to sign that sheet as if it were the actual contract. Then take it with you the day you sign for your Tacoma.
Just a few things I picked up during my recent purchase experience.
This is all good advice--the only thing I can add is when the negotiating is done and you have their "best price", say thanks, stand up, and say you need to get going, as you told Mr. Salesman at the competing Toyota dealership down the road you'd be in to see him today.

I did this, and the sales manager said, "Look, what do I have to do to keep you from walking out of here?"

At that point, keep negotiating the price down and/or your trade in price up.
  Reply With Quote
Old 03-12-2011, 05:46 AM   #15
Senior Member
RiderOnTheStorm will become famous soon enough
Name: Brian
Joined: Dec 2010, #47987
Location: Indiana
Gender: Male
Posts: 164
RiderOnTheStorm's Tacoma Gallery
Quote:
Originally Posted by dhk View Post
OP: Nice choice. That's exactly what I went for.
I appreciate the vote of confidence - how do you like her?? I know it won't be a hot rod, but is it still fun to drive?
  Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Question about selling my car/buying my truck. TacomaPrime Off-Topic Discussion 1 06-01-2011 12:04 PM
Anyone ever put Car Magnet ads on their truck or car? acmair Off-Topic Discussion 18 12-22-2010 02:18 PM
Buying a car in another state angelitadiablo 2nd Gen. Tacomas 10 06-04-2010 07:14 AM
Car Buying Sites itsjustaliftedXR General Automotive 0 04-14-2010 04:07 PM


Copyright © 2014 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.