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Time to help a dummy out...TMF on so called invoice?

Discussion in 'Gen 2 Prius Main Forum' started by redbug, Jul 16, 2007.

  1. redbug

    redbug New Member

    Joined:
    Aug 18, 2005
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    Location:
    Ada, OK
    dealership sent the following breakdown:

    mfg base price 19755
    base vehicle holdback 443
    1% financal reserve 221
    ----------
    which comes up to 20419 which is bantered around as "invoice"
    add delivery 675

    but what is TMF $642????

    and PIO Holdback $24???


    thanks

    dave
     
    #1 redbug, Jul 16, 2007
  2. lenjack

    lenjack Active Member

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    Dec 1, 2006
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    Location:
    Pennsylvania USA
    Vehicle:
    2010 Prius
    Model:
    III
    You shouldn't be paying holdback. That's money the dealer gets back from the factory on his next order. 1% financial reserve sounds fishy. TMF appears to be something you're not supposed to know about. I've seen it as ADP or additional dealer profit, or ADM or additional dealer markup. It' apparently a boat payment for the dealer. You may wish to shop elsewhere.
     
    #2 lenjack, Jul 16, 2007
  3. Swanny1172

    Swanny1172 New Member

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    Vehicle:
    2006 Prius
    Holdbacks are one of the many reasons dealers can sell for invoice and still make money. They get this holdback money no matter what the car sells for and use it for overhead, utilities, etc. Then depending on how many they sell they may get even more money from Toyota for meeting sales quotas.

    PIO = Port Installed Options

    These options usually include the ridiculously overpriced ToyoGuard.

    TMF = Toyota Marketing Fund

    These fees go back to the regional Toyota association to offset marketing and advertising costs. Basically, you are paying for the advertising cost share for your vehicle.
     
    #3 Swanny1172, Jul 16, 2007
  4. priusmaybe

    priusmaybe New Member

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    Vehicle:
    2007 Prius
    <div class='quotetop'>QUOTE(Swanny1172 @ Jul 16 2007, 10:22 PM) [snapback]479989[/snapback]</div>

    $21,000 for a prius seems good - what package?
     
    #4 priusmaybe, Jul 16, 2007
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