AutoBrag Deal Of The Day: 2009 Toyota Camry
This is our 96th AutoBrag Deal Of The Day. What we’ve done is searched through www.autobrag.com and discovered certain vehicles being sold for considerably less than market prices. Usually, the dealerships are using these “loss leaders” as a way to gain more business.
We found a 2009 Toyota Camry XLE V6 4dr Sedan (3.5L 6cyl 6A) from Miller Toyota Scion
The lowest Internet Price: $25,242.00
MSRP: $30,736.00
ePrice: $25,242.00
Savings: $5,494.00
% OFF MSRP: 17.87 %
Why Is This The AutoBrag Deal Of The Day:
The average wholesale price for a used 2007 Toyota Camry XLE V6 with 30,279 miles (average) is $19,700.00. If you were to buy this new car at sticker price of $30,736.00, after two years, your depreciation would be roughly 35.91% of the vehicle’s value or $11,036.00 over the 24 months or $459.83 per month. That does not even include the money you lose on sales tax and registration!
If you were to buy this specific 2009 Toyota Camry XLE V6 for $25,242.00, you would be able to drive it for two years and trade it in or sell it at wholesale market for $19,700.00. That means that you would drive a new car for two years and pay $5,542.00 or $230.92 per month (not including taxes and fees). The depreciation for the period of two years would be 21.96%.
If the car was sold via private party the price would be about 5%-10% higher than wholesale. That means that you probably would sell this car for about $20,685.00 (5% over wholesale) to $21,670.00 (10% over wholesale). That means that you would drive a new car for two years and pay $4,557.00 to $3,572.00 or per month that would be $189.88 to $148.83 (not including taxes and fees).
Using AutoBrag’s Deal Of The Day, the Dealer eats 49.78% of the first two year’s depreciation based on wholesale market for the same vehicle.
For disclosure purposes WE DO NOT receive compensation from Miller Toyota Scion; we are just trying to save car consumers time and money.
