Negotiating a deal

The first cars to be bought will be those who will make an emotional purchase ("I got to have the latest and greatest syndrome) - and the dealers' know it. If you want a good deal, wait a couple of months until the initial feeding frenzy is over.

Keith

 

I'm in the same boat!! My current 95 Honda has no A/C so I NEED to get new prius soon, as we've already had one wave of 90 degrees here! I can't wait till July/August because I told myself last year as I suffered through, "just one more year lauren. next year will be heaven. just wait."

And I'm afraid my dealer knows it. As I was calling him when pricing was released on here to make appt to be put on wait list and he was like, "pricing is out?" LOL

I am okay paying MSRP cause I figure, like people have said on here, it's thousands less than the previous new prius frenzies! And it's same price as current 09 so I'll take it!!
I might try to get them to pay for the floor mats, though. Cause $200 for mats?!? You can keep em.

 

I am also paying list price but at least the dealer asked me If I wanted floor mats. Of course I said no thanks. FRED

 

Paying MSRP is not the worst thing in the world if you need a car right away. If you have a good running car then paying MSRP would be foolish. I don't think the demand will be as high as some people think. This country is near the great depression numbers as far as unemployment goes and it is not going to get any better the next few months. It's not the priority of most people to buy a new car when they are jobless or could be jobless tomorrow.

 

Personally, I think paying MSRP is a good enough deal. When I bought my 2005 Prius, they had dealer mark ups $3-4k OVER MSRP. Here in WA, I'm factoring other things into my purchase, like the sales tax holiday for hybrids purchased during this calendar year. That will save a few grand. I do plan on dickering mightily on my trade-in value.

 

This recession is nowhere near the great depression. It isn't even as bad as the 73-74 or 80-82 recessions. Chill out people and stop believing the talking heads on the news!

The US unemployment rate today is ~ 8.5%. The unemployment rate was 5% before this whole thing started so the reality is that during this recession 3% to 4% of US workers lost their jobs. The unemployment rate was 25% during the great depression.

Most people are still employed and credit is still really cheap. People will buy cars again because sooner or later people will have to replace their cars.

BTW, this is from someone that lost his job in October.

 

You know, if you can live without the Moon Roof and Advanced Tech package, look into the 2009's. Those should have a good markdown when the 2010's roll on the lot!

A Pkg 5 or 6 should be had at a great deal.

Something to think about.

 

It is true that we are hardly in a depression. What we are in can be called an extended contraction which is starting to be called the 'great recession'.

You are incorrect, this now the longest recession (now at 17months) since the end of WW2. The 73 and 81 recession were both 16 months. Also, we have another year or so to go.

On top of that, once this recession is over, don't expect growth to return to what it has been over the last decade. Expect positive growth in the 1 - 2% range for the next decade. Not a recession, but pretty close! A great recession indeed.:mod:

My two bits.