What was your OTD price for 2008 Camry LE? Please help!

3856 Views 27 Replies 17 Participants Last post by njerald, Feb 25, 2008

dralex

Discussion Starter · Feb 24, 2008

Urgently need your help guys!
This is going (hopefully) to be my first ever car purchase. I've been looking for 2008 Camry LE. Went to a bunch of dealers here in Chicago and suburbs. All of them are telling different invoice prices etc. And the best deal I got was 20,975 OTD (which is a bit higher then my budget). I told them that i will buy this car right now for 20,000 no questions asked - they said that 20.975 is the final price.
I looked up at Edmunds.com, cars.com and the invoice is arounf 18.860 USD. And I've heard that its possible to get the car under the invoice price. So far my best deal (20,975) is coming from invoce price being 18.800! which means that after 2 hours of negotiations i was able to get 60 USD discount!!!! I am very frustrated and desperetely need your help!!! What was your OTD, what the realistic price for 2008 new Camry LE (standart with autom. transm).

Thanx in advance!

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akira751

· #2 · Feb 24, 2008

dralex said:
Urgently need your help guys!
This is going (hopefully) to be my first ever car purchase. I've been looking for 2008 Camry LE. Went to a bunch of dealers here in Chicago and suburbs. All of them are telling different invoice prices etc. And the best deal I got was 20,975 OTD (which is a bit higher then my budget). I told them that i will buy this car right now for 20,000 no questions asked - they said that 20.975 is the final price.
I looked up at Edmunds.com, cars.com and the invoice is arounf 18.860 USD. And I've heard that its possible to get the car under the invoice price. So far my best deal (20,975) is coming from invoce price being 18.800! which means that after 2 hours of negotiations i was able to get 60 USD discount!!!! I am very frustrated and desperetely need your help!!! What was your OTD, what the realistic price for 2008 new Camry LE (standart with autom. transm).

Thanx in advance!

Remember depends on your region. Different states have different tax and tags and rebates etc, also don't forget edmunds leaves out some fees.

http://www.fitzmall.com/carfind/res...TO082532&loc=LFT&mall=GA&year=2008&mk_code=TO

dralex

Discussion Starter · #3 · Feb 24, 2008

Thanks! I currenly live in Chicago, IL and the sale tax here is 9%. Where can i find reliable local invoice prices and is it possible to get the car below that price?
Thanks so much!

akira751

· #4 · Feb 24, 2008

dralex said:
Thanks! I currenly live in Chicago, IL and the sale tax here is 9%. Where can i find reliable local invoice prices and is it possible to get the car below that price?
Thanks so much!

Wow I thought MD 6% was bad. First be smart and find out your regions rebates. And then send out emails asking OTD prices along with here is the key the dealer dealer daily invoice faxed or emailed to you and the one that shows wholeback and reserve. If they say they can't show walk away. Hope that helps.

kenny1773

· #5 · Feb 24, 2008 (Edited)

You should not be asking for out the door prices here, unless folks are in your state it will not be accurate.

IMO - you should easily be able to buy the car at the invoice price listed on edmunds, + desitnation fee (also listed on edmunds). You can usually tell the dealer to stick his document processing fee in his ass as this is a bullshit dealer fee. + whatever your state taxes and title fees are.

My two previous camrys and my rav4 were all bought at a minimum of $1000 UNDER invoice.

Edmunds has the base LE W/ Auto for $18860 and destination charge at $660 (which seems oddly high to me)

Illinois tax seems hard to find an answer on, is it 6.5% ?? - are you sure it is 9% on cars??

18860
660
1225 (tax 6.5%)

is about 20745

You SHOULD be able to beat this price, find a dealer that is more desperate

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danorthface

· #6 · Feb 24, 2008

dralex said:
Thanks! I currenly live in Chicago, IL and the sale tax here is 9%. Where can i find reliable local invoice prices and is it possible to get the car below that price?
Thanks so much!

try going to a smaller dealer. Also wait for rebates

akira751

· #7 · Feb 24, 2008

danorthface said:
try going to a smaller dealer. Also wait for rebates

Waiting too long for 08"s might get you nothing. Remember the 09's are on the ground and the 08's are going fast.

xmnishx

· #8 · Feb 24, 2008

Also try this website. Not sure if you'll see any difference, but it might help http://www.secretautoprice.com/Defa...SearchRev&orvb=sr2dl34go43399sx2583pi23ai1653

kenny1773

· #9 · Feb 24, 2008

This is a good read as well

http://www.carbuyingtips.com/

dralex

Discussion Starter · #10 · Feb 24, 2008

thanks a lot guys! That was really helpfull. And yes, Chicago sales tax is 9% (its somewhat less in suburbs). But i live in Chicago, so i guess its going to be the tax that i will be dealing with. The destination fee seems to be the standart here - 660 USD. I've checked te invoice price of Camry LE at Edmunds in my zip code and its 18,860. So, plus 9% sale tax (1697 USD) plus destination fee (660 USD) plus doc fee (150 USD) - it will make it up to 21,367 USD (is that what should be called OTD?)
Also don't they include destination fee in their invoice prices?
And finally the last question that i don't have the answer for - if I will decide to buy the car in a different state will i still pay sale tax for MY zip code or tax from dealers zip code (which would be in a different state?)
Thank you so much guys, everything you said is very helfull.

DrewsCam

· #11 · Feb 25, 2008

akira751 said:
Wow I thought MD 6% was bad. First be smart and find out your regions rebates. And then send out emails asking OTD prices along with here is the key the dealer dealer daily invoice faxed or emailed to you and the one that shows wholeback and reserve. If they say they can't show walk away. Hope that helps.

NY is in the 8's

holimont

· #12 · Feb 25, 2008

1. Most States will hit you for your local sales tax rate when you register the car.

2. The "Document Fee" is a dealer profit add on, not a government fee. Negotiate that away.

slick07LE

· #13 · Feb 25, 2008

One thing that hasn't been mentioned is the options on the 08. Is the edmunds model you're comparing to equally equipped to the one on the lot? A JBL stereo, alloy wheels and/or moonroof, and $20,975 may not be so bad a deal. If none of the preceeding are included with the car, than yes, it is a horrible price.

dralex

Discussion Starter · #14 · Feb 25, 2008

slick07LE said:
One thing that hasn't been mentioned is the options on the 08. Is the edmunds model you're comparing to equally equipped to the one on the lot? A JBL stereo, alloy wheels and/or moonroof, and $20,975 may not be so bad a deal. If none of the preceeding are included with the car, than yes, it is a horrible price.

Price 20,975 USD was for the new 2008 Camry LE with standart equipment (basic LE which is different from CE only by having keyless entry and front power sits). So you think its too much?

CharmCityES

· #15 · Feb 25, 2008

most 08 LE models at my dealer sell for around 20,500 OTD....

dralex

Discussion Starter · #16 · Feb 25, 2008

those guys told me that this is as low as they can go... (and to be honest - thats the best deal so far. Plus they told me that they don't have it at their facility and that they will locate it somehere else - whish is NOT a good thing as I've heard).

kruang

· #17 · Feb 25, 2008

Don't buy the car when they have to locate it from somewhere else. I went through it and they tries to charge $500 extra for carpets. :censor: Anyway, I got it 20388 OTD in los angeles for '08 LE (could have got 20288 if i wasn't in a hurry).

KIDATAE

· #18 · Feb 25, 2008

Have you talked to anybody at Thomas Toyota in Joliet? I was to get my SE V6 for 6K under MSRP. They will work with you.

isaiah58

· #19 · Feb 25, 2008

First, Edmunds does NOT include Toyota Dealer Advertising, which varies by region. What is the same for every region is the base price, destination, gas, wholesales financial reserve, and holdback. There is TDA for every region, and several regions (Southeast for exampel) even have an additional franchise charge - TDA and this franchise charge are fees that the dealer pays to the distributor so a real cost.

You should be able to purchase a 2008 for about $400 or more below invoice PLUS any rebate your region is offering. Like in Central Atlanit the rebate is $1,000, so you are looking at $1,4000+ below invoice as your best deal zone.

Tax, tag/title (t/t/t) are additional, and these are ALWAYS based on where you are registering the vehicle. If the dealer has a processing fee, well you are going to pay it. If they say you have to pay the destination (it is part of the invoice BTW) in addition to their quote, as long as that number before t/t/t is close to the numbers I just gave then you have a good price. If that add $660 back and you are now $200 over invoice before the rebate, then walk away.

If you are paying cash, ask if you can just pay for the cost of a temp tag and handle the tax/tag/title on your own. State laws vary on this. For example, come buy a car here in Maryland, cash (no lein) and as a out of state buyer you can just add $19 to the selling price, no processing fee even if the dealer is being up front with you, and handle the t/t/t back at home after you get the CO (title) from the dealer.

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chlpzahoy

· #20 · Feb 25, 2008

I got my 08 LE w/leather,& mats OTD 21,800!!!!!!!!!!!

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