Price Paid on PIP?

First of all thank you for your warm welcome!

I don't recall there is a mileage limit. The package is basically covering X number of services, as long as I get them done within the first 6 years - 5 years of services IF I follow the standard maintenance schedule. No, I don't drive 50K per year.

The finance guy told me they are charging $300~$500 for some major services. Labor cost is expensive in CA, and I am expecting service cost continue to rise. Since I will have to do those maintenance for sure and I would not go to any other body shop for those major services, this $1.6k makes financial sense to me. Without this service plan, I would just save $ by doing oil change somewhere else and still have the maintenance service done at Toyota, given the vehicle's complexity. The only concern is the poor reputations some Toyota dealerships have. IMO, extended warranty is mostly throw-away money because Toyota has above-average car quality.

 

Wow, I didn't consider mine was a huge deal given all the NJ people getting their PIP at $27k after tax.
I bought mine from Toyota Sunnyvale in the Silicon Valley. You should be able to get an even better deal in So Cal as many dealers are competing for your offer.

Before you buy, do a Google search for each dealership's inventory. All of them should have their own website telling you how many PIP they have got right now. My strategy was to find the dealers with the biggest PIP inventory and negotiate. In fact they want to sell you service plan and extended warranty badly, not so much in the car itself. Follow ConsumerReport car negotiation guide and good luck!

 

of course that's what he told you, his job is to sell you something you don't need.


but what if you look at what services are actually required for the car? what's in those 5 years of service? let's take a look.
year 1: two tire rotations and one oil change, covered by Toyota Care
year 2: two tire rotations, cabin air filter cleaning, and one oil change, covered by Toyota Care
year 3: two tire rotations, replacement of cabin and engine air filters, and one oil change. the air filters you can replace yourself and the parts are not that expensive (say $100 total), oil change is $40, tire rotation is $50 each if you don't feel like finding a good deal. So let's call it $250.
year 4: two tire rotations and an oil change. $150 tops.
year 5: two tire rotations, cabin air filter cleaning, and one oil change. you can clean the air filter yourself, so that's the same as year 4, i.e. $150 tops.
So the total comes out to $550. I'll be generous and say $600. There are no major "300-500 services". If you hunt down some coupons, you can bring the total price of this down to about $400 (mainly from the tire rotations). $1600 though? No way in hell.

EDIT: So basically, the dealer sold the car $1700 below invoice, but then made somewhere on the order of $1200 (or more) on the extended Toyota Care package.

 

Oops, I am all CA-minded. Thank you for pointing it out!

 

Thank you for your detailed analysis! Very helpful!
I will do some math and may cancel the extended service plan then.

 

if you can still do that, i definitely would if i were you. you can even call up that same dealer's service department and just ask "how much is a tire rotation? how much does the cabin air filter cost? what about the engine air filter?" etc and get hard numbers for these things. but i think it would be very, very difficult to break $600 for all those services.

 

Just some information I heard today. My sales person was remarking on the PIP I'm picking up Friday, He expressed some envy (good sales reassurance technique). He indicated that many of the sales staff are buying the PIP. He was the second salesperson to tell me that. At another dealer, a sales person said the sales staff believes these TFS incentives of this size are rare and they are getting in personally if they can swing it. Since the 2013 models are identical there is no performance/mechanical reason to wait because of the $4-8 k discounts of the 1012.

 

Lensovet laid it out pretty well for you. The only change I would make is that the oil change service might run closer to $65-70 (including tire rotation and all inspections) because synthetic oil is recommended. But his suggestion to get actual retail charges from the service dept. is spot-on. Then you know what to expect to pay after the first two years/25K miles Toyota Care has expired.

 

I was actually counting the tire rotation separately. So in my calculation, tire rotation+oil change is $90.

 

OK, thanks for explaining. So my original post to 'sweetie' was in the ballpark at $100 for the 10K service. I hope she can still cancel that portion of her deal if she so desires, just as people have done with extended warranties which were purchased at the time of sale of the vehicle.

 

Yes I am a little confused as well.

The 1500 rebate is deducted after tax.

so if 30000(include cash rebate)

Then I assume your car purchase price is 31500 x SF tax 8.5% = Total car price of $34177.5

- $1500 Toyota Finance Cash Rebate
- $1500 CA Air Resource Board rebate (NOT CA TAX REBATE)
- $2500 Fed Tax rebate
-------------------------------------------
$28,677.5

 

just added 3 more cars. Looks like the best deal so far has been by wolffan, who got a base pip for $26,488 in Mass on Oct 23.

 

stearicom, did you ever end up going through with this?

 

Price actually went down by $500 to $25,988, probably due to increase promotion from Toyota.

Toyota Hybrid Advertised Specials | Boch Toyota Norwood, MA

 

cool. i'm only tracking actual purchases though, not just advertised specials/offers that don't get signed

 

...believe Stericom did go to Maryland MD wonder if he meant MD vs. MA in above post

 

would be nice to get an update

 

My sister purchased a Prius V at Sunnyvale Toyota 2 months ago. They offered her the same $1600. She said no thanks, too much money. They asked her what she would pay. She had interest in it at all so to get them off her back she said an impossible number, $1000. They accepted.

 

perhaps she should cancel it if she can as well. remember, the actual value of this "warranty" is $600 at most.

 

I did end up going through with it. Actually the PIP ended up being cheaper since I choose a different one.

PIP Advance, carpet floor and cargo mats, and rear bumper applique
MSRP $40,579
Disount $3,500
Toyota rebate $5,000
CA Clean Vehicle Rebate Project $1,500
Federal tax credit $2,500

$28,079 + tax, title, and license and $200 doc fee.

I think that is the best deal so far for a PIP Advance. I picked it up and drove it back.

The dealer was in Silver Springs, MD.