dealership sent the following breakdown: mfg base price 19755 base vehicle holdback 443 1% financal reserve 221 ---------- which comes up to 20419 which is bantered around as "invoice" add delivery 675 but what is TMF $642???? and PIO Holdback $24??? thanks dave
You shouldn't be paying holdback. That's money the dealer gets back from the factory on his next order. 1% financial reserve sounds fishy. TMF appears to be something you're not supposed to know about. I've seen it as ADP or additional dealer profit, or ADM or additional dealer markup. It' apparently a boat payment for the dealer. You may wish to shop elsewhere.
Holdbacks are one of the many reasons dealers can sell for invoice and still make money. They get this holdback money no matter what the car sells for and use it for overhead, utilities, etc. Then depending on how many they sell they may get even more money from Toyota for meeting sales quotas. PIO = Port Installed Options These options usually include the ridiculously overpriced ToyoGuard. TMF = Toyota Marketing Fund These fees go back to the regional Toyota association to offset marketing and advertising costs. Basically, you are paying for the advertising cost share for your vehicle.
<div class='quotetop'>QUOTE(Swanny1172 @ Jul 16 2007, 10:22 PM) [snapback]479989[/snapback]</div> $21,000 for a prius seems good - what package?
