What are you paying for 2020 Tacomas?

Yeah, they may just assume you aren't really serious and just move on. $31k for a $43k truck is a 28% discount and I'm sure they'll balk at that. I emailed back and forth with about 14 dealers total that had a truck that I was interested in and the best offer I could get was 13-14% off MSRP. Had I been more flexible on color and some of the options I maybe could have found a dealer willing to offer 15% or something, but I had pretty specific truck in mind.

Judging by this thread, it seems like 10% off or better is a good deal and 15% or better is pretty stellar.

 

Which means there just really aren't many great deals going on right now. Meh, I'll keep my powder dry. I saw what happened to the auto market back from 2008-2010. It was ugly.

 

I wasn't on the market 2008-2010 ( I bought a Camry in 2011 because I needed) and I remember the "Too bit to fail" thing but can't remember if the manufacturer's intensives went up and how much. Did the dealers dropped the prices? Sorry again I didn't follow the car prices at that time.

 

I don't know what new Toyota prices were at the time, but I know that used car prices cratered in a way almost unimaginable, and that new truck dealers were blowing out everything they could to reduce their inventory. In 2010 when I sold my 2005 GMC 1500 4x4 Z71, in excellent condition with 75,000 miles, the absolute best I could do was $12,500. That was like $10,000 less than the blue book had been the year before or something. It was nuts. But I turned right around and bought a used diesel for an equally ridiculous price, so it was kind of a wash.

But I never forgot that lesson on what can happen to used vehicle prices, and the sudden loss of these 22+ million jobs and counting tells me that a similar price event could be unfolding as I type.

 

The other week, I recently read an article about rental car companies that are going to be selling much of their fleets to stay afloat. They go on to talk about that flooding the used car market which will also contribute to tanking the prices of used cars...

It'll be interesting if the new cars will also drop their prices (after a while). I know I'm eagerly watching

 

I have my eye on this (I’m in Ontario Canada) The dealer has applied all incentives (nearly $10,000) my question is should I haggle even more? I’m a horrible at haggling and car buying gives me anxiety lol
What strategy should I use?

 

Charleston, SC

 

So you’re at 39,999? For a pro? Idk the exchange rate so I’ll shut up if that was USDs thatd be dope

 

Sorry....the price shown $49k is with the $10k incentives already added. Normally $59k plus Canadian

 

Oh ok .. I’ve been seeing them 45ish USD

 

Approx 35 USD? That’s a good deal

 

Don’t think it’s a good time I buy. Dealers are sitting with inventory. And they won’t get new cars/trucks from the plants since they are closed down?

 

They were supposed to reopen the Mexico production Monday. The Japan plants for 4Runners are supposed to reopen between May 12th and May 18th. I don't think the brief interruption in production is even a blip as compared to the demand destruction from 22+ million lost jobs in the US. New car sales will probably be off over 50% this month, and who knows about next month. This says nothing about the used car market.

 

50% sounds unrealistic

 

Just picked up a 2020 Tacoma Access Cab Off-road, MSRP was $40,583 and I got for $35,099 including all dealer fees but not state taxes & registration fees. I flew up MN for $119 and the drove it home.

 

You think so? Check this out:

“I would say in the D.C. metro region, car sales are down about 70%,” said John O’Donnell, president and CEO of the Washington Area New Automobile Dealers Association."

https://wtop.com/business-finance/2...n-an-estimated-70-because-of-the-coronavirus/

 

I normally use Edmunds or trucar to get an idea what is/isn’t a good deal and start negotiating from there.

49k Canadian converged to USD is roughly 35k. Not sure what taxes would be but for brand new that seems like a very reasonable price. The lowest I’ve been able to get a dealer down to for a 2020 trd pro is 45 USD (for army green).

 

Really great discussion here -- and very helpful. In the spirit of learning from the "wisdom of crowds" I wanted to collect some feedback on a deal that I am considering.

Been looking at 2020 SR5s and Off Roads. It is a bit of a struggle (as buying new cars always is) but I came across a 2019 Off Road in great condition with only 8,000 miles on it. The sales price would be $30,544. Document fees would be $75. Being that I am on NY the tax is $2,013. Add in DMV, Smog and tire fees, I come out the door at $32,880.

But the total on the car (not including taxes and other fees) is $30,544. Car is CPO so the warranty is good and it is in mint condition. Really trying to get my head around whether it makes sense to do this or go with a new one -- which would be $5K to $10K more out the door.

Welcome comments from both perspectives ... buy the 2019 or the 2020.

 

I think I read your original statement wrong. I took it as 50% off as in price not sales . My bad

 

Haha! Yeah, that would be unrealistic. Fun to think about, but not happening.