What are you paying for 2020 Tacomas?

Ya pretty lame, no worries, interior aren't either, but thats a cheap upgrade.

 

As always, interesting and helpful posts. Can you tell me how this works? I don't think I had any discussion on extended warranty -- but we did a COVID deal and were in masks. Is Factory Direct a Toyota reseller or is this a separate, after market warranty altogether? Sorry ... but I am very curious.

 

So TFS sets a base price or dealer cost for their warranties, the dealer can then charge whatever they want, that's why you see some crazy price fluctuations (remember this is where the finance guy along with rate, service plans, etc. gets a chance to make his money). Troy is a finance manager / online sales guy at a Toyota Dealer of Greenfield, but basically sells them at cost to achieve volume and I'm sure a kick back from Toyota. I used him for my 2020, but on my prior trucks you could take his quote usually and have your dealer match it or try to beat it (they will say they can't usually, since they make no money at all on it at that price), did this on my 19 in AZ. Contrary to what the dealer will tell you you can buy out of state for the extended warranty.

http://fd-warranty.com/about-us.html

 

No question that this situation is devastating the entire economy. For example, look at advertising (not traditionally a low wage sector): "More than 65% of advertising professionals fear company layoffs as a result of the coronavirus pandemic, according to a new report from professional social network Fishbowl shared with Marketing Dive. This number is above the average 54% of professionals across industries that believe the outbreak and subsequent revenue losses will lead to layoffs at their company." Similar fears -- and layoffs -- are being reported for the financial services sector as well.

That said, it is fair to say the impact of the situation has hit low wage earners much harder:
https://www.mckinsey.com/industries...e-near-term-impact-of-covid-19-on-us-workers#

And, I am not sure we are any where near the light at the end of the tunnel. That said, you have to hand it to Toyota for inventory management during a pandemic. They managed to not only stabilize but rather increase prices for their bread and butter products. And they are still lining up piles of cash to weather the storm long term. Pretty good planning. I just hope things recover quickly so everyone can get the truck of their dreams. However, in the near and medium term, if you see a good deal grab it because with demand increasing and product supply not keeping pace, prices will be stable. The best bet is to find a dealer who has to deal because they are smaller (I found my truck at a family owned Toyota dealer) and don't have the credit line access to sit on inventory.

 

I need to look into this. Thank you! Guy is smart. If he takes a low margin on something that is easy to sell that Toyota underwrites and gives him an incentive everybody wins. Not like my BMW X3 Diesel. Tried to buy an extended warranty on that after it was paid off and the price was in the $7K range -- which told me everything I needed to know about long term reliability. Shame though, that diesel was a total beast.

 

Agree, but to just have a narrow mindset of only "low paid service workers" as being impacted is pretty ignorant, hence me needing to speak up for a second.

 

I work in Education and I was very fearful of being laid off over the lockdown. I work in the IT department too. they didn't let any of us go, since we went to online classes my work just changed a bit. I had other friends that work in medical that lost some of their income because there weren't people coming for routine care. Dentists and vision care were closed except for emergency needs. So lots of good jobs were lost, some not, some lower paying jobs like grocery actually got more from the companies they work for during covid in the form of bonus pay. My one brother works for a company that repairs trailers, to keep products moving they were very busy, my other brother did food sales mostly to restaurants and is still not back to work. All industries were affected differently.

 

Jeep has a really good extended plan, basically covers EVERYTHING, but its not cheap either. Toyota knows they sell a reliable product which I'm sure plays into what the average cost of claims/repairs will cost TFS under 125k. Just remember you have up until 3yr/36k to buy so I wouldnt rush. The price has only gone up about $100 in 4 years for Tacoma.

 

Is that a bumper-to-bumper warranty or just powertrain?

 

I am with you 100%. That is definitely not correct. The other thing is that if it were true (even though the data says it is not) it would still be enough to justify action. I am sure that the poster didn't mean it the way it came across but those people matter a great deal and if they were the only ones being impacted it will still be a tragedy in need of our support. But that could be just me ...

 

Platinum, which is bumper to bumper.

 

$1k for b2b sounds pretty good! Might have to look into that when I get my 2020.

 

Agreed, sorry, just at my wits end with some of the COVID related statements these days, some people need to pay a visit to the hospital or look outside their little hemisphere. Now back to pricing related content.

 

Indeed, especially when you think about the cost of say replacing a BSM sensor, etc.

 

@TacoBuffet for the win. I have this on my list. And, as you point out, I have time to buy it. But bumper to bumper for that long is a no brainer !

Yes, back to pricing discussions. Anyone have a deposit on a truck coming in or a new truck they are considering flipping? There could be as much as $4K in it for them !

 

Could you please provide the MSRP, negotiated price, money factor, residual, monthly payment and allotted mileage so we can see how good of a deal was going in April.

 

Do a search of this thread for @TacoBuffet ’s posts he does a great job of outlining deals on his arsenal of Tacoma’s he’s bought. But pre limited availability hitting 12ish percent off MSRP before rebate was Great. 15% off MSRP with the rebate was what I was shooting for when all this went down.

I had a few posts that outlined my search just a touch after Covid hit to pulling the trigger about a week after I noticed dealers start to pull back on their good deals. I ended up snatching a barely used 2019 before used prices went through the roof as well and when trade-in prices were still really good . which may be the better option for some.

 

Agree 100%. I can go back and confirm my numbers but I used @TacoBuffet as a guide and got 13.5% off of a TRD OR (even though I wanted an SR5). That was early April. I was happy with the deal and have no complaints. I had almost locked down a used, low mileage 2019 but the gap wasn't that big so I went with the new 2020. I've said it before but I also thing used prices will really hold their value because you are going to have a lot of late 2019 and 2020s with low mileage due to people not driving as much.

 

This is not going to help either:

"It is well known that car sales fell and would not level off in a long time, but the Tacoma’s biggest competitors lagged far behind. The Ford Ranger sold 25,008 trucks during the second quarter of the year, the Chevrolet Colorado fell to 19,843 sales, and Toyota sold 51,062 Tacomas, 19.8% less than in the second quarter of 2019. Toyota sold more than double the Ford Ranger despite the fact that it is increasing its sales dramatically and the Tacoma lost sales due to the pandemic. Even if the sales of the two trucks were put together, they couldn’t reach the Tacoma numbers."

 

Not really understanding how @TacoBuffet's deals are relevant to the deal @EZBZ got. Everyone gets different deals depending on different factors. If someone claims they got the best lease terms ever offered on Tacoma's, it would be nice to see their specific numbers.