Did I Pay Too Much for My New Car?

Tully said:

Fern said:
2025 Corolla LE without added packages was $24,150 out the door.

Wow, that’s a great deal! Here in Texas, the cheapest 2025 Corolla LE is $26k out the door.

That’s strange. I went to Longo Toyota last year and got a Corolla LE Hybrid for that price.

Tully said:

Fern said:
2025 Corolla LE without added packages was $24,150 out the door.

Wow, that’s a great deal! Here in Texas, the cheapest 2025 Corolla LE is $26k out the door.

My friend got an LE in Houston for $24.7k out the door.

@Zayden
Your friend was lucky. Dealers might be trying to clear out 2024 models.

I paid $22k out the door with a $500 military discount and a $1k flood incentive. One quote I received was $33k, so you are well below that! Congrats!

If you paid over the MSRP, you overpaid.

CathyGenesis said:
If you paid over the MSRP, you overpaid.

Out the door price includes taxes, which usually makes it higher than the MSRP.

Shea said:

CathyGenesis said:
If you paid over the MSRP, you overpaid.

Out the door price includes taxes, which usually makes it higher than the MSRP.

But taxes, tags, and registration are fixed costs, so there’s no hidden fees. If you paid cash, you can handle it directly at the DMV. You can also reduce the cost by deducting the trade-in value or selling your old car.

@CathyGenesis
Taxes vary a lot by state. We don’t know his exact tax situation.

Jules said:
@CathyGenesis
Taxes vary a lot by state. We don’t know his exact tax situation.

It doesn’t matter. The main point is that these costs are known upfront. When I bought my car, I didn’t pay taxes at the dealership.

You paid $26k out the door, you got ripped off, I’m sorry.

So you got a loan for $15k and put $9k down for a total of $24k?

You might have been able to save a couple thousand if you negotiated. But don’t worry, just enjoy your car.

@Mickey
I always negotiate the out the door price through text or email to save time before visiting the dealership.

@Mickey
In Canada, two years ago, they didn’t respond to emails. If you didn’t visit in person, you got nothing. Even then, there was a 4-6 month wait for hybrids. They also removed prices from websites for a while!

@Derry
Maybe it’s still because of COVID. Three years ago, my wife bought a RAV4 Prime with a 3-week wait. Dealerships in northern NH were better. Also, try making offers at the end of the month when dealers want to meet their goals.

@Mickey
Inventory is still low in Canada and other countries. A 2010 Corolla with 60k miles was about $7k USD back then. You still can’t get a RAV4 Prime or Sienna easily here; the wait is over a year because Toyota focuses on the US market.

The 2025 Corolla LE is $27k before taxes in Canadian dollars, $31k after everything, which is about $22k USD. You could come to Canada, but avoid Ontario due to high taxes and long waits. Try Alberta instead.

@Van
Importing a car to another country involves a process. When I tried to finance, they made me agree not to export the car.

I feel better about the $30k out the door I paid for my manual hatchback XSE. I might have paid the same without the extended warranty. You didn’t get completely ripped off, but you did pay a bit extra for a base Corolla. Still, it’s reliable and will serve you well if you maintain it.

I paid $22,900 out the door in November 2020 for a new 2021 hatch SE 6mt in Clearwater, FL (7% tax). Prices are high. But it’s a great first car. My first car was a 1996 Ford Escort with 71k miles that barely made 75 mph without issues :joy: