Terry immedicably approached me asking what he could do for me. I stated, I'm not buying a car today, but I would like to test drive some used cars. Does this seem like a good deal, considering the current state of vehicle sales? I going to start my offer $24K OTD.I came in on 10/25/22 looking to test drive some used cars. It's a $1500 discount off the sticker asking price. It's $21,800 less tax and minus the other dream charges (destination & doc fees). It's nuts! So I have an offer from a local dealer on a '21 Camry LE through Costco. The dealers are now stocking pre-owned vehicles with over 100K miles. I actually see it getting worse over the next six months as the chip shortage further disrupts the production of new cars. I don't see this changing over the next few months. The market is insane for buyers right now- and dealers know it. That dealer only has 78 total new Toyotas on the lot- usually they have 500 at least. Again- my local Toyota dealer- which is Wisconsin's largest Toyota dealer in terms of sales volume- has only seven in stock right now. It's not just Camrys that are in short supply- good luck finding a Rav4 in SE Wisconsin right now. Maybe Honda had more product in the pipeline before they experienced the chip shortage? Is the negotiated price difference between a Camry LE and an Accord LX big enough to make the Accord seem like a better option? How much cheaper would it have to be in order for you to seriously consider that Accord over the Camry? Do you want to wait and see if the market gets better? Given the chip shortage- I'd imagine that the supply of Accords will eventually start to fall too- I'm not sure why there are more Accords available in my market compared to Camrys. but I'd imagine that the Honda dealer would provide a much better deal on an Accord in my neck of the woods compared to the Toyota dealer across the street- just because of the lack of inventory in my area.Ĭheck your local market and see which dealerships have a decent inventory of vehicles- then weigh just how much you want a Camry vs an Accord (or whatever). It's not that Accords don't sell well- their inventory is constantly changing. The Honda dealer across the street has 101 Accords on the lot. How much do you need a car right now? How flexible are you regarding the brand of car? Different dealers and brands have different inventory levels- you'll have to check your local market.Īs I said- my local Toyota dealer has just seven Camrys on the lot. As a result, an LE is going to set you back roughly $25,000 in my neck of the woods. They are offering $1000 in Toyota Consumer Cash. My local Toyota dealer only has seven Camrys on the lot. As a result, dealers are charging very high prices. Toyotas seem to be in very short supply in many markets right now. Just last year I was able to negotiate $5,000 off my Accord without even trying. It's pretty much a damned if you do, damned if you don't situation.įor those of you who have made recent purchases, in your opinion does it make sense to pursue this deal or wait and see what happens in the next 6-10 months?Ĭlick to expand.I would wait. The chip shortage is predicted to last 6-12 months with a vehicle price increase to boot. I have to work with the sales/finance monkey's. I would get deals of $600-700 over factory invoice. I've been purchasing my vehicles for the past 30+ years at a Toyota dealership where my friend worked as the fleet manager. Does this seem like a good deal, considering the current state of vehicle sales? I going to start my offer $24K OTD.
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