'23 price increase

Hey all

First time poster. Here because I can't find any conversation online otherwise.

I "placed an order" ($500 downpayment) for a '23 SR5 Tacoma in early December. Was browsing Toyota's site and noticed a big increase in sales price. Previously, the SR5 was going for ~44,000 and is now ~47,000. Emailed the dealership and they're telling me I'll have to honour that price change. Do I have any recourse or just have to deal with it?

 

You could walk away and give up $500 instead of the $3000 price increase.

 

No idea what to tell you.
I placed an order in August 2021 for a Tacoma TRD PRO in Manual Transmission, I got the call in November that it will be here in January at 64,500 CAD (about 48,500USD).
I thought that was a bit steep but reading your post now I'd gladly pay 49k for a pro than 47k for a sr5.
Shop around, you might be able to find a SR5 for lower they're quite common compared with the RDS trims.
I also saw a couple of new TRD on the Facebook groups for less than 47k

 

Could you PM me these facebook groups? Had no idea - I've been going through my local dealership (Ontario). Never bought a new vehicle before so I am naive.

 

Those were FB groups in the US.
3rd Gen Tacoma, Tacoma World, etc.
I assume you are in Ontario Canada?
47k seems legit as the CAD vs USD took a dive in the recent months and there's another Bank of Canada interest increase expected in the following weeks.
My line of credit was at 2.49% last year around this time, now I'm at 7.49%
Inflation

 

You may like this thread. I just used this method to get a new car for my wife below MSRP, which I feel was a fairly big feat these days.

https://www.tundras.com/threads/so-you-want-to-buy-a-tundra.10671/

 

I see the 20203 Off-road increased by $500… Placed my order in December with $5,000 as a down payment, will see if they honor what I signed with all the numbers…

 

Go back and read the fine print on the agreement in which you paid the $500 to. I'm sure that it does not, in any way, guarantee the truck to be sold at any given price.

Your $500 was simply a voucher for the "opportunity" to purchase the next truck they have available (you bought a spot in line).

 

No big deal if such happens, will be paying cash for the truck when it arrives…

 

Not sure the relevance, but cool!

 

wow almost 50k for a tacoma?! what world are we living in...time to take out a mortage loan

 

Wow, great strategy, thanks for sharing!
I will be doing this in 3-5 years when my wife wants to replace her Caravan.

 

Well, my 2023 TRD PRO M/T got here, picking it up later on today. Ordered it in August 2021.
Nothing added to it except a bed mat($225), $64k all in.
Financing is horrible tho, 7.99%
I'm in Alberta Canada.

 

I know, my first house was $56k, I paid around $28k for my Tacoma in 2009 but it’s a base model, I’m already getting nervous for my next new truck purchase

 

youve got to be kidding...theres no way..

 

Congrats on the new truck and I'm sure you'll love it but dang $64k and a 7.99% loan?!?! Wow... I better keep my truck in good shape as I can't afford a new one...

 

I assume you mean 64K CAD, which is about 48K USD.

 

I bought a PRO at msrp last year. I was a complete dumb ass. I bought an automatic. I sold it this year for exactly what I paid for it. This year I bought a MT PRO and it had a 499.00 dollar I think increase for "premium paint" which I don't remember them charging for the EML. Maybe that's because solar octane is a "pearl"?? Either way. The truck I bought this year was the exact same price + the paint fee. In truth it was a tad cheaper. It had almost no dealer or factory ad ons

 

And I thought 5.6% from Honda was bad...