I was interested in buying a new Corolla LE. I'm in Canada and right now until august 31st I can get a $3000 cash incentive throughout the country if I buy the 2011 model.
Should I wait for the 12 model? Will there be many/any changes to it?
Also, does anyone know if the cash incentives will come back for the 2012 models?
From some of the articles I've read, the Corolla is not due for a redesign until 2014 so you're going to get maybe some more extra chrome pieces. Shouldn't be that much different.
It will likely get a few changes, there's almost always at least a couple changes here and there year to year. It won't be any sort of significant update though. That being said, if you can negotiate a bit on a 2012 instead of getting the 2011, that will help your resale in the future, but it may be hard to get a dealer to do that for you, since they'll want to get rid of the 2011's.
I was in the same boat as you. I decided to go with the 2011 and not wait for the 2012. With the 3k cash incentive and some haggling you will most likely save more on the 2011.
$3K is a lot on this car, I say take it. Thats easily $60 a month difference in payment. $60 x 12 months = $720 x 5 years = $3600. Thats a lot of mods!!!!!
+1 The dealers will not give a huge discount on a new model that hasn't even come out. It's like the great deal we got on a 2010 Prius when the new 2011's came out, the deals sucked on the new 11 even though it was the same car. The base price also went up on the 11 so the deal was even better on the 10.
__________________ 89 Supercharged White MR2 5-speed / 09 Corolla S CSM 5-speed
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07 Corolla CE CSM 5-speed/ 10 Prius III Blizzard Pearl
+1 The dealers will not give a huge discount on a new model that hasn't even come out. It's like the great deal we got on a 2010 Prius when the new 2011's came out, the deals sucked on the new 11 even though it was the same car. The base price also went up on the 11 so the deal was even better on the 10.
I'm not familiar with USD pricing. Canadian pricing is a different animal. I was able to negotiate 2500 off MSRP on a 2010 first month they were out. Since then Toyota sales have dropped. For 2012 they have reduced the pricing on the Camry. Was this an act of goodwill? Ecomomic conditons? Or marketshare growth?
Another worthy point that was mentioned in an earlier post was residual differential. In reality how much are you really saving after this is taken into account?
Some people will pay more than others. I am just not one of them.
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