- May 28, 2008
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So over the past month or so, I have been on here discussing my options for a new vehicle. I need a car, but want a truck (see my 70 miles round trip per day in the DFW area thread). I am 26 years old, work VERY hard and think I deserve something nice and new (and safe).
To make a long story short, I believe the 2010 Toyota Tacoma Prerunner LB V6 4.0L is the right fit for me. With the possibility of getting 18-23MPG on the highway, I am leaps above my 14-15 currently in my 1999 Jeep Cherokee with 175k miles on it.
The problem:
PRICE
The package that I want according the Edmunds TMV is roughly $25k. This includes the following:
Package MSRP Invoice TMV
National Base Price $24,175 $22,152 $22,481
PY TRD Sport Package $2,405 $2,164 $2,184
TO Towing Package $650 $520 $531
RL Daytime Running Lights $40 $32 $33
Destination Charge $800 $800 $800
Total with Options $28,070 $25,668 $25,870
I was really hoping to spend no more than about $20k-21k. What are the chances of me talking down a local car dealership to this $20k-21k mark? Is this even realistic?
How do I even approach this? Mind you, I have never purchased a NEW vehicle, and the last time I purchased a vehicle was my Jeep, used at 52k miles at $10,595 + 6 years of 17.9% financing (no credit at the time...can't believe bad credit is better than no credit). How do I negotiate with a car dealer to get the best package for my money?
Now, I will be bringing anywhere between $3k-4500 to the table, plus either selling my Jeep or trading it in (would it be better for me to sell privately or use a trade-in?).
Next is the advertised "0.0% for 6 years" that Toyota is currently advertising. How hard/easy is it to get this? My FICO score is sitting just under 700 with a couple of bumps, and my wife is just a tad under that (we recently purchased her lease vehicle because she was 18k miles over the lease agreement) so her score went down a bit, plus the fact that we purchased a new home a year ago.
Why am I going new? Well, for two reasons:
1. It's "NEW" and I have a clean slate (plus I can log and maintain my own vehicle maintenance) from the start.
2. The prices of "used" at roughly what I am looking at seem to be around the same general prices that I can get brand spanking new
So what'el it be boys (and gals). Are you guys up for helping me through this? I plan to do my research and purchase around the first to middle of May. Your input is greatly appreciated!
To make a long story short, I believe the 2010 Toyota Tacoma Prerunner LB V6 4.0L is the right fit for me. With the possibility of getting 18-23MPG on the highway, I am leaps above my 14-15 currently in my 1999 Jeep Cherokee with 175k miles on it.
The problem:
PRICE
The package that I want according the Edmunds TMV is roughly $25k. This includes the following:
Package MSRP Invoice TMV
National Base Price $24,175 $22,152 $22,481
PY TRD Sport Package $2,405 $2,164 $2,184
TO Towing Package $650 $520 $531
RL Daytime Running Lights $40 $32 $33
Destination Charge $800 $800 $800
Total with Options $28,070 $25,668 $25,870
I was really hoping to spend no more than about $20k-21k. What are the chances of me talking down a local car dealership to this $20k-21k mark? Is this even realistic?
How do I even approach this? Mind you, I have never purchased a NEW vehicle, and the last time I purchased a vehicle was my Jeep, used at 52k miles at $10,595 + 6 years of 17.9% financing (no credit at the time...can't believe bad credit is better than no credit). How do I negotiate with a car dealer to get the best package for my money?
Now, I will be bringing anywhere between $3k-4500 to the table, plus either selling my Jeep or trading it in (would it be better for me to sell privately or use a trade-in?).
Next is the advertised "0.0% for 6 years" that Toyota is currently advertising. How hard/easy is it to get this? My FICO score is sitting just under 700 with a couple of bumps, and my wife is just a tad under that (we recently purchased her lease vehicle because she was 18k miles over the lease agreement) so her score went down a bit, plus the fact that we purchased a new home a year ago.
Why am I going new? Well, for two reasons:
1. It's "NEW" and I have a clean slate (plus I can log and maintain my own vehicle maintenance) from the start.
2. The prices of "used" at roughly what I am looking at seem to be around the same general prices that I can get brand spanking new
So what'el it be boys (and gals). Are you guys up for helping me through this? I plan to do my research and purchase around the first to middle of May. Your input is greatly appreciated!