Lexus auction
01-15-15, 04:09 PM
#16
Moderator
01-15-15, 06:31 PM
#18
I have exactly the opposite experience buying an 08 LWD coming from this FL auction from a wholesaler. Sold it after 3 month losing $3k to get rid of it. While searching for better vehicle, came across a CPO in a trusted dealer here in Atlanta, called and got and appointment to go see it but an hour before this appointment I get a call saying we can't sell this car, has sludge in the engine, we will Wholesale it! Car goes to the FL auction and get sold to used car dealer, tracked it by the VIN number. So, never ever auction cars for me...
My 2 cents, if you are picky with your cars or if you are OCD buy your LS certified!
My 2 cents, if you are picky with your cars or if you are OCD buy your LS certified!
Last edited by hfahmy; 01-15-15 at 06:39 PM.
01-15-15, 06:47 PM
#19
At the risk of stating the obvious, vehicle quality at the auctions can vary quite drastically. It's all a function of market conditions and the other factors raised by earlier posters.
My 600 was traded-in at a used car store owned by the same people who own the Lexus dealership where the car was originally sold. It was posted for sale and then disappeared just as quickly, only to appear a few weeks later as CPO at a Lexus dealer in a different state, purchased by them at Manheim in NV. The car was in fantastic condition.
In contrast, in early 2011, when I was looking for my 460, I enlisted the help of a local broker. Week after week, the vehicles he would email me about were absolute and complete garbage. I could never figure out how anyone could get an LS460 and abuse it like that, but I digress... Eventually, I found my 460L on eBay at a dealership, bought it and called off the other part of the process. Of course, this was around the time of the earthquake and tsunami in Japan, and with fewer new cars coming in, dealers were holding on to any semi-decent used inventory they could get their hands on.
I would think that with new car sales being what they are, chances of finding a decent vehicle at auction are better at the moment.
My 600 was traded-in at a used car store owned by the same people who own the Lexus dealership where the car was originally sold. It was posted for sale and then disappeared just as quickly, only to appear a few weeks later as CPO at a Lexus dealer in a different state, purchased by them at Manheim in NV. The car was in fantastic condition.
In contrast, in early 2011, when I was looking for my 460, I enlisted the help of a local broker. Week after week, the vehicles he would email me about were absolute and complete garbage. I could never figure out how anyone could get an LS460 and abuse it like that, but I digress... Eventually, I found my 460L on eBay at a dealership, bought it and called off the other part of the process. Of course, this was around the time of the earthquake and tsunami in Japan, and with fewer new cars coming in, dealers were holding on to any semi-decent used inventory they could get their hands on.
I would think that with new car sales being what they are, chances of finding a decent vehicle at auction are better at the moment.
Last edited by caha14; 01-16-15 at 05:28 AM.
01-15-15, 07:46 PM
#20
An auctioned car is what it is so is a CPO car. I found several CPO cars that made me realize that CPO is just a name with some perks that will cost you so much more that you could buy a newer model car with lower millage that is still under the factory warranty as in my case. I'm still besides myself with the kind of deal I got from an auctioned car.
What is most important is finding a good example whether it's a CPO, auction or private party.
If you don't know what to look for and you want to be complacent on a certification that you believe to be some sort of good house keeping seal then you will be taken. Even if I were to buy a new car I would inspect it thoroughly because porters hit stuff and abuse cars on the lot all the time.
What is most important is finding a good example whether it's a CPO, auction or private party.
If you don't know what to look for and you want to be complacent on a certification that you believe to be some sort of good house keeping seal then you will be taken. Even if I were to buy a new car I would inspect it thoroughly because porters hit stuff and abuse cars on the lot all the time.
01-16-15, 05:32 AM
#21
An auctioned car is what it is so is a CPO car. I found several CPO cars that made me realize that CPO is just a name with some perks that will cost you so much more that you could buy a newer model car with lower millage that is still under the factory warranty as in my case. I'm still besides myself with the kind of deal I got from an auctioned car.
What is most important is finding a good example whether it's a CPO, auction or private party.
If you don't know what to look for and you want to be complacent on a certification that you believe to be some sort of good house keeping seal then you will be taken. Even if I were to buy a new car I would inspect it thoroughly because porters hit stuff and abuse cars on the lot all the time.
What is most important is finding a good example whether it's a CPO, auction or private party.
If you don't know what to look for and you want to be complacent on a certification that you believe to be some sort of good house keeping seal then you will be taken. Even if I were to buy a new car I would inspect it thoroughly because porters hit stuff and abuse cars on the lot all the time.
Separately, sleep deprivation is a tough thing. I had omitted an important detail, which I just fixed. My 600 was picked up at auction by the Lexus dealer. That was the whole point of my post (which I failed to make)
01-16-15, 05:50 AM
#22
Moderator
Good and persistent negotiation was the key for me and all my purchases. I emailed my out of state dealer for about 30 days..daily emails. Got the price way down to the point it was within the trade in and private party value range..had them knock off another $600 for two one way airline tickets and bought a CPO car for the piece of mind warranty without really paying for that based on the numbers. It didn't hurt that I knew what they paid at Manheim auction for it lol. Knowledge is power. Over 2 years later..still all good bottom line. Agree with previous poster that there are a wide range of quality at auctions and many CPO cars come from Manheim along with other "highline" auto makers. And agree that CPO is a feel good type of thing because folks with CPOs have discovered issues after purchase that may have not met "certified criteria"..but, having CPO is good and worked out great for my current car
Last edited by CJITTY; 01-16-15 at 06:03 AM.
01-16-15, 05:51 AM
#23
Also chk www.offleaseonly.com
Last edited by jud149; 01-16-15 at 05:54 AM.
01-16-15, 06:06 AM
#24
Moderator
autocheck.com, carfax, my Lexus website service history combined with actual inspection service to get the best Intel you can on a used car..if there are issues you can deal with like a minor wreck, it could pay off in getting the price you want
01-16-15, 08:23 AM
#27
Certified Pre-Owned.
It's a great way for dealerships to make $, and like others have said, to gain peace of mind when you buy a used car (given the extra warranty, and presumably fewer obvious issues if inspection and reconditioning are performed properly, which varies across dealerships).
It's a great way for dealerships to make $, and like others have said, to gain peace of mind when you buy a used car (given the extra warranty, and presumably fewer obvious issues if inspection and reconditioning are performed properly, which varies across dealerships).
01-16-15, 08:24 AM
#28
01-16-15, 08:31 AM
#29
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Ok , I have been talking to www.offleaseonly.com already. They have purchased two 2013 ls 460 recently. They offered me some low trade in price for my LS.. MY LS is blk/blk with 93K miles and is pristine condition. Some people use a car up and throw it away and others take care of everything they own. They offered me 16K trade in and want 56K for their car. offleaseonly lady told me she would check if it has Mark Levinson Premium Sound in it. I have to have this In my future cars. I purchased my ls and it didn't have the ML. So I put a nice sound system in it. But I would rather not have to deal with it in the future. Because if you sell it, you have to leave all the expensive stuff you put in it. Or you can take It out. Offleaseonly picture don't look that great but the car has 15K miles on it. I guess I would have to see it first. Would you take it to a dealer and let them look at it to see if anything was wrong first?
Last edited by jarm; 01-16-15 at 08:42 AM.
01-16-15, 08:36 AM
#30
Ok , I have been talking to www.offleaseonly.com already. They have purchased two 2013 ls 460 recently. They offered me some low trade in price for my LS.. MY LS is blk/blk with 93K miles and is pristine condition. Some people us a car up and throw it away and others take care of everything they own. They offered me 16K trade in and want 56K for their car. offleaseonly lady told me she would check if it has Mark Levinson Premium Sound in it. I have to have this In my future cars. I purchased my ls and it didn't have the ML. So I put a nice sound system in it. But I would rather not have to deal with it in the future. Because if you sell it, you have to leave all the expensive stuff you put in it. Or you can take It out. Offleaseonly picture don't look that great but the car has 15K miles on it. I guess I would have to see it first. Would you take it to a dealer and let them look at it to see if anything was wrong first?