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Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

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Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#71

I tried to buy one of these this month. The dealership I went to has a policy of not selling over MSRP, which I appreciate. As a result, they are no longer even taking names for the RAV4 Prime waiting list because they estimate the wait is 2-3 years.

I tried to buy one last year. The dealer I went to said they weren't being allocated any and that I'd have to go to another dealer. The look on their face was basically "haha good luck"

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#72
Wild. Reminds me of the lines for 2nd gen Toyota Priuses in the early 2000s, and also the early Highlander hybrids. What's so great about the RAV4? Subaru Outbacks are basically SUV sized these days, with arguably superior AWD to the RAV4. That's what I ended up with when I was buying a few years ago. It's not hybrid, but $30-50k buys a lot of gas, and we don't do many miles. If you did a bunch of miles (commuting?), I'd think you'd want something more aerodynamic.

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#73
Unrelated to price it's great to see PHEVs getting better and better on larger cars and drawing demand.

I've got a first-gen Volvo XC90 T8 PHEV which only gets like 17miles (ok more like 14 if the heat or A/C is on which is basically always) on electric but it makes a huge difference in overall mpg since I use the ICE on the highway and switch to electric in-town.

My one concern is that there's a huge question mark about what happens when the battery degrades over time. I'm happy to replace it when that happens but will be really bummed if my only option at that point is to put the same lower-capacity battery in.

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#74

Supply and demand, yadda yadda, sure. I can accept that the observed behavior on my end is "pay up or wait". What I cannot accept is that the dealerships are pocketing all the markups.

> What I cannot accept is that the dealerships are pocketing all the markups Why?

Because they are an oligopoly/they are forced on the economy.

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#75

Yup, I went to buy one last year, I think the advertised price was $40k, but the dealership wanted to charge me a $15k "dealership fee" for the pleasure of doing business with them. I went for a Tesla Model Y instead, and I'm very happy with it.

If you want a Model Y immediately you will have to pay a lot more than a $15k premium. The earliest official delivery date for one is April 2023, and that's just for the premium models.

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#76

For those looking for an alternative, I highly recommend the Ford Escape PHEV. It’s about 12K cheaper with the federal incentives. You lose out on some stuff like AWD and one recall, but overall the compromises were worth the 12K difference. The car handles very well and remote app is free. With the electric range and my habits, I would need to get gas every 6 months. I get over 40 mpg if I run on gas (in the summer)…

> The car handles very well and remote app is free Do they have option of not remotely controlled car? )

I’m not sure, I think every modern car from what I know has cellular capabilities built in regardless of brand. You don’t have to opt in for the Ford Pass (the remote app) and can remote start the vehicle with the key fob (remote start is included)

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#77

Earlier quoted context omitted.

Presumably it's reasonable because it's supported by market conditions?

You seem very intent on defending this sort of behavior. I wonder why? In my not so humble opinion, while the used market can do what it may, MSRP is MSRP. This goes for GPUs as much as it goes for cars. I understand shortages. I am ok with waiting lists. I do not appreciate profiteering. Any dealership that tried to stick me with such a markup not only would blow the sale, but would not get my business in the future…

> I wonder why?

I guess I don't get why people think they should be immune from paying a market price.

When you negotiate salary do you go for the most you can negotiate? Or do you accept minimum wage because someone somewhere suggested it to you? Why do you think any other transaction should be different? It's a brand new luxury SUV, it's not baby milk.

> MSRP is MSRP

Guess what... the MSRP includes profit (gasp!). As much profit as they thought they could get away with when it was set.

> Any dealership that tried to stick me with such a markup not only would blow the sale, but would not get my business in the future.

Ok so great this already limits how much they can charge. I guess someone else somewhere is willing the pay the price though, or they wouldn't charge it.

I think your logic is basically 'I don't want to pay that much'. Ok well they don't want to sell it for less, and it's their property. You'll have to go elsewhere. Sounds like you're happy with that so what's the problem?

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#78

For those looking for an alternative, I highly recommend the Ford Escape PHEV. It’s about 12K cheaper with the federal incentives. You lose out on some stuff like AWD and one recall, but overall the compromises were worth the 12K difference. The car handles very well and remote app is free. With the electric range and my habits, I would need to get gas every 6 months. I get over 40 mpg if I run on gas (in the summer)…

[deleted]

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#79

Earlier quoted context omitted.

> What I cannot accept is that the dealerships are pocketing all the markups Why?

I can’t speak for the quoted, but the dealerships are not creating the value that makes the cars desirable. They simply are in the right place at the right time and none of the extra money they get is going to improve the car in the future.

like a real estate agent?

Re: Toyota RAV4 Prime hybrid SUV now selling for 48% over MSRP

#80
post #73

Unrelated to price it's great to see PHEVs getting better and better on larger cars and drawing demand. I've got a first-gen Volvo XC90 T8 PHEV which only gets like 17miles (ok more like 14 if the heat or A/C is on which is basically always) on electric but it makes a huge difference in overall mpg since I use the ICE on the highway and switch to electric in-town. My one concern is that there's a huge question mark a…

Small battery like that won't be terrible to replace. I know for the 1st gen Insight, you can pick up those batteries for about $2000-2500. And usually when the car has a dead battery, the price of them is around... $2000-2500 cheaper than one with a good battery. Lots of people just drive them with bad batteries and still end up getting over 50mpgs.
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