LC 250 pricing

[TWILLY]

All data point to waiting a few years for a prudent purchase.

Prices will drop once the novelty wears off and once the new 4runner is out. And with the big switch to TNG-A, there's a strong case for waiting for manufacturing and design bugs to be worked out too.

 

[TheLCProject]

It's called supply and demand
As long as people pay the inflated price they well keep charging it.
Housing prices would not be what they are today if people were not bidding 80 to 100k over asking It's called

If it makes you feel better, I keep having our realtors submit fair market offers on homes we are interested in. The mortgage brokers always ask: "Why are you offering so far below list price"

Just the other day, every indicator pointed to a fair $/sqft of 325 for a house with comps backing that up and even taking the median sale price increase from the last reported purchase lined up perfectly with that $325/sqft. Well, at least two idiots are throwing $600k+ at the seller when the house is worth AT MOST $535k.

I still feel like there is just so much extra cash floating around all over the place for some people. There's a disconnect between what the value or worth of something is vs. what one too many idiots are willing to pay.

 

[Fort9378]

If it makes you feel better, I keep having our realtors submit fair market offers on homes we are interested in. The mortgage brokers always ask: "Why are you offering so far below list price"

Just the other day, every indicator pointed to a fair $/sqft of 325 for a house with comps backing that up and even taking the median sale price increase from the last reported purchase lined up perfectly with that $325/sqft. Well, at least two idiots are throwing $600k+ at the seller when the house is worth AT MOST $535k.

I still feel like there is just so much extra cash floating around all over the place for some people. There's a disconnect between what the value or worth of something is vs. what one too many idiots are willing to pay.

One could argue the value *is* what people are willing to pay. That's been the problem with housing and it's continual rise despite everyone hoping and planning for it to slow down.

 

[TheLCProject]

One could argue the value *is* what people are willing to pay. That's been the problem with housing and it's continual rise despite everyone hoping and planning for it to slow down.

If the value is what someone will pay above a certain price, the value is also what someone will pay below a certain price. They are equally valid for determining value, but usually one results in a closed transaction.

 

[merchantmariner]

Got the call from my dealer today that my new First Edition is in the port of Newark. Hopefully delivery within the next week or two. Paying MSRP and no dealer add ons. This is a very small New England Toyota dealer and they expect to only get 2 or 3 this year.

 

[Broski]

If it makes you feel better, I keep having our realtors submit fair market offers on homes we are interested in. The mortgage brokers always ask: "Why are you offering so far below list price"

Just the other day, every indicator pointed to a fair $/sqft of 325 for a house with comps backing that up and even taking the median sale price increase from the last reported purchase lined up perfectly with that $325/sqft. Well, at least two idiots are throwing $600k+ at the seller when the house is worth AT MOST $535k.

I still feel like there is just so much extra cash floating around all over the place for some people. There's a disconnect between what the value or worth of something is vs. what one too many idiots are willing to pay.

None of it makes me feel better.
I quit buying besides necessities, food, gas, etc.
I have never paid over asking price for large purchases. The last new vehicle I bought was $10,000 off MSRP probably be the last new car I ever buy.

 

[Broski]

If it makes you feel better, I keep having our realtors submit fair market offers on homes we are interested in. The mortgage brokers always ask: "Why are you offering so far below list price"

Just the other day, every indicator pointed to a fair $/sqft of 325 for a house with comps backing that up and even taking the median sale price increase from the last reported purchase lined up perfectly with that $325/sqft. Well, at least two idiots are throwing $600k+ at the seller when the house is worth AT MOST $535k.

I still feel like there is just so much extra cash floating around all over the place for some people. There's a disconnect between what the value or worth of something is vs. what one too many idiots are willing to pay.

It’s extra stupidity, floating around, not extra cash!

 

[solidbrix]

Got the call from my dealer today that my new First Edition is in the port of Newark. Hopefully delivery within the next week or two. Paying MSRP and no dealer add ons. This is a very small New England Toyota dealer and they expect to only get 2 or 3 this year.

You're gonna have to keep us updated on this, I honestly don't believe it till I see it.

 

[merchantmariner]

You're gonna have to keep us updated on this, I honestly don't believe it till I see it.

They did the appraisal on my trade in and said they would email the vin# and build sheet to my bank tomorrow.

 

[TWILLY]

They did the appraisal on my trade in and said they would email the vin# and build sheet to my bank tomorrow.

You should publish their name here so that others may patronize them.

 

[UZJ100LC]

i bought my gx 460 new from a car broker. least painful car buying experience i've ever had. they drove the truck to my house and we were done after signing some papers. none of the gamesmanship you get at dealerships.

how much do you pay the broker?

 

[Jetboy]

how much do you pay the broker?

FWIW - I did my last purchase through a broker. They took all the details incl paint depth checks on my 4Runner. Called back 2 days later with bids from dealers. I found the truck I wanted and they negotiated $1k off ask price (was already pretty decent price). And we did a 3 way transaction where I sold to broker, broker bought from seller dealer and sold to buying dealer. Broker fee was $500. Not sure if they also took kickback.

But I saved $3k in sales tax. And the broker was fine with private sellers or any other deal I wanted to setup. Was also willing to negotiate on private sales for me. But the one I wanted was at a Honda dealer.

I was skeptical. Actually very skeptical. But it worked great. I'm my case it was mostly the sales tax value that made it well worth it. And it was super easy. A 15 minute car inspection with no commitment up front. Then on the back end 20 minutes of paperwork on the transaction. No sales pitch, no add ons, just a wire transfer, sign the papers, get the keys.

Would use a broker again in the same situation.

 

[Phillyd2]

FWIW - I did my last purchase through a broker. They took all the details incl paint depth checks on my 4Runner. Called back 2 days later with bids from dealers. I found the truck I wanted and they negotiated $1k off ask price (was already pretty decent price). And we did a 3 way transaction where I sold to broker, broker bought from seller dealer and sold to buying dealer. Broker fee was $500. Not sure if they also took kickback.

But I saved $3k in sales tax. And the broker was fine with private sellers or any other deal I wanted to setup. Was also willing to negotiate on private sales for me. But the one I wanted was at a Honda dealer.

I was skeptical. Actually very skeptical. But it worked great. I'm my case it was mostly the sales tax value that made it well worth it. And it was super easy. A 15 minute car inspection with no commitment up front. Then on the back end 20 minutes of paperwork on the transaction. No sales pitch, no add ons, just a wire transfer, sign the papers, get the keys.

Would use a broker again in the same situation.

Assuming no sales tax because you were technically buying 'used' from a private seller (broker), didn't they need to pay it? I'm trying to figure out the business model here.

 

[Zill]

Not to mention the “use” tax which would be owed
In lieu of sales tax.

 

[MeWantLC]

Meanwhile, these guys are getting their trucks...

 

[ypyun]

how much do you pay the broker?

$0. he got some kind of kickback from the dealer. i paid ~9% under msrp.

 

[Jetboy]

Assuming no sales tax because you were technically buying 'used' from a private seller (broker), didn't they need to pay it? I'm trying to figure out the business model here.

In Utah the sales tax only applies to the difference in value in a single transaction. It's a great example of bad government. It only works if you buy and sell in one transaction. So it's effectively a giveaway to dealers. F those guys (the legislators who take bribes via campaigns and non profit).

Anyway, broker transaction is created as a buy/sell with selling dealer who immediately transfers wholesale (no tax) to dealer #2 (no tax). Broker was a licensed dealer so they could also do the purchase/sale with private parties.

The law is unfair to private sellers and buyers.

 

[yodaslim]

In Utah the sales tax only applies to the difference in value in a single transaction. It's a great example of bad government. It only works if you buy and sell in one transaction. So it's effectively a giveaway to dealers. F those guys (the legislators who take bribes via campaigns and non profit).

Anyway, broker transaction is created as a buy/sell with selling dealer who immediately transfers wholesale (no tax) to dealer #2 (no tax). Broker was a licensed dealer so they could also do the purchase/sale with private parties.

The law is unfair to private sellers and buyers.

So this is a way you can dodge sales tax on a new car purchase? Do you have anything I can read about this practice, any term or what not I can google? I'm in Texas btw, do you know if this works there as well?

 

[Zill]

In Utah the sales tax only applies to the difference in value in a single transaction. It's a great example of bad government. It only works if you buy and sell in one transaction. So it's effectively a giveaway to dealers. F those guys (the legislators who take bribes via campaigns and non profit).

Anyway, broker transaction is created as a buy/sell with selling dealer who immediately transfers wholesale (no tax) to dealer #2 (no tax). Broker was a licensed dealer so they could also do the purchase/sale with private parties.

The law is unfair to private sellers and buyers.

Wouldn’t the use tax still be owed when the broker transfers title over to you?

 

[Jetboy]

Wouldn’t the use tax still be owed when the broker transfers title over to you?

On paper I traded my vehicle for the one I bought - but it was then immediately wholesale transferred to broker then to dealer 2. I only paid tax on the difference between the two vehicles. In my case it was only about $5k difference. If I sold the 4R to a private party then bought a used car I would have had to pay sales tax on the price of the entire purchased vehicle and buyer of mine would pay full tax. The one I sold was $33k. I basically saved the sales tax on $33k. But the truck I bought was $38, so there wasn't a lot of tax. I think it was about $2700 saved tax bill.