So I have a vehicle picked out that I’m interested in that has been sitting on the dealer’s lot since mid December. It’s a Toyota but not one that has been involved in the recall.
Sticker price: $29,835
Edmund’s quoted invoice price: $27,119
Edmund’s “what others are paying” price: $27,894
there is a $750 manuf. rebate available on it
Edmund’s “what others are paying” price with rebate: $27,144
They have it on the lot with a “sale” sign in the window for $27,550
So what price do I aim for and where do I start? Their rebate adjusted invoice price would bring it down to $26,369.
Do I go in and ask them straight up “what is the absolute lowest price you’ll sell that to me for today?”
Do I set a price and tell them straight up “I’ll take that vehicle off your hands right now for X$”? With an artificially low price? With an actual target price?
How much over this adjusted invoice price should I really pay? $200? $500? The Edmunds suggested $775?