Is the edmunds TMV for TCH real?
Enthusiast
Joined: Aug 2006
Posts: 21
Re: Is the edmunds TMV for TCH real?
Originally Posted by JOE540CI
Has anyone paid less than msrp on a new camry with NO trade in???..JOE
Active Enthusiast
Joined: Jul 2006
Posts: 137
Re: Is the edmunds TMV for TCH real?
Originally Posted by schmidtj
I traded in my '04 Prius with 8500 (not 85k) miles on it.
They gave me what I paid for it (MSRP) in trade and knocked
$500 off of MSRP on the TCH along with a 3rd Smart Key Fob.
I tracked the car on the lot and they sold it in 2 days for
$2000 more than the trade-in. In other words $2000 more than
it's MSRP when new. Of course the MSRP on an equivalent
'06 Prius is higher. The selling point on the my used Prius is
it was available NOW and not 3 to 6 months down the road.
It's all "supply and demand" as with everything.
The $2600 tax credit made my upgrade to the TCH almost free.
J
They gave me what I paid for it (MSRP) in trade and knocked
$500 off of MSRP on the TCH along with a 3rd Smart Key Fob.
I tracked the car on the lot and they sold it in 2 days for
$2000 more than the trade-in. In other words $2000 more than
it's MSRP when new. Of course the MSRP on an equivalent
'06 Prius is higher. The selling point on the my used Prius is
it was available NOW and not 3 to 6 months down the road.
It's all "supply and demand" as with everything.
The $2600 tax credit made my upgrade to the TCH almost free.
J
Keeping Toyota Solvent
Joined: Jul 2006
Posts: 1,069
From: Princeton, New Jersey
Re: Is the edmunds TMV for TCH real?
Originally Posted by lem144
And you could have sold the Prius for $2000 more, or $1000 more to some 3rd party. If gas ever hits $5/gallon my TCH is being sold at a profit too.
Two MAJOR factors:
Sales tax on the new car is more when you sell instead of trade. Tax is on the price AFTER trade.
I had an outstanding loan on the Prius. It was much simpler to have the dealer handle the payoff and retrieve the title etc.
Just getting lazy in my old age I guess.
J
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