2011 LS600h
#61
Lexus Champion
Dealers often seem to not honor holds. Putting down a refundable deposit might help if you are again in a similar siruation. Best of luck.
Last edited by Gbp; 03-22-16 at 10:14 AM.
#62
FWIW, this exact thing happened to me in 2014. The car I wanted was priced right and had sat for some time, and in the end, I had to travel, and it sold. I paid a bit more for the one I ultimately got, but it all worked out.
Moot point, but on your financing question, my personal philosophy is that if I am not paying extra (in terms of my interest rate) for the longer financing term, I always take it. You can always shorten the term by paying fast (which is what I do), so unless there is a sweeter interest rate if you finance for 48 months (or 36, or whatever), I'd be perfectly fine with the term you were looking at.
#63
Pit Crew
Thread Starter
Sorry to hear, and that's the right attitude. Set up an automated alert on cars.com, and presto.
FWIW, this exact thing happened to me in 2014. The car I wanted was priced right and had sat for some time, and in the end, I had to travel, and it sold. I paid a bit more for the one I ultimately got, but it all worked out.
Moot point, but on your financing question, my personal philosophy is that if I am not paying extra (in terms of my interest rate) for the longer financing term, I always take it. You can always shorten the term by paying fast (which is what I do), so unless there is a sweeter interest rate if you finance for 48 months (or 36, or whatever), I'd be perfectly fine with the term you were looking at.
FWIW, this exact thing happened to me in 2014. The car I wanted was priced right and had sat for some time, and in the end, I had to travel, and it sold. I paid a bit more for the one I ultimately got, but it all worked out.
Moot point, but on your financing question, my personal philosophy is that if I am not paying extra (in terms of my interest rate) for the longer financing term, I always take it. You can always shorten the term by paying fast (which is what I do), so unless there is a sweeter interest rate if you finance for 48 months (or 36, or whatever), I'd be perfectly fine with the term you were looking at.
#64
Pole Position
Good to excellent credit has been getting great interest rates over the last few years. As posted above, use finacing as a benefit to you. Take the lower rate and long terms. Then use your money to work for you in other ways. Pay off items with higher interest, or use the dollars to get returns that are higher than what your car payment is. I'm always for using other people's money.
#65
Lexus Fanatic
Originally Posted by orys
The dealership sold the car tonight to someone else although they promised it will be on hold till tomorrow.... I got busy with stuff today and thought that since I got approved it will still be there. Oh well, I guess wasn't meant to be...
#66
I'm sorry. That BLOWS.
I'd follow up in a couple days; the deal could fall through. I was stalking my car for a couple of months; and there was always a reason why I couldn't go see it (travel, work, family, etc). then one day it goes into "sale pending" but it's still on the site. So I email them and the guy is stalling signing the paperwork; long story short it 'fell out of escrow' and I dashed out to see it. They held it for me but I whipped out my credit card and gave them a deposit the moment it became available.
Otherwise we do see them in SoCal; but there just aren't that many of them around; especially CPO ones. You might have to make a quick trip up north; but it's good you're not in a hurry. I waited 15 months for the perfect car to come my way; so it can happen.
I'd follow up in a couple days; the deal could fall through. I was stalking my car for a couple of months; and there was always a reason why I couldn't go see it (travel, work, family, etc). then one day it goes into "sale pending" but it's still on the site. So I email them and the guy is stalling signing the paperwork; long story short it 'fell out of escrow' and I dashed out to see it. They held it for me but I whipped out my credit card and gave them a deposit the moment it became available.
Otherwise we do see them in SoCal; but there just aren't that many of them around; especially CPO ones. You might have to make a quick trip up north; but it's good you're not in a hurry. I waited 15 months for the perfect car to come my way; so it can happen.
#67
Driver School Candidate
I bought it last September with 177999 on the odometer. It now has 197267 and the only problems I've had are the power outlet in the center console has a short and my cruise control doesn't work. Everything important still works great.
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