Should I jump on this or walk away?
10-01-11, 04:44 AM
#4
That doesn't answer your question. I would pay 40k for that car. If he doesn't budge you either take a bath, buy a new one or wait till Feb. Once the 2013 hits the lots the 2011 will drop quite a bit in value.
10-01-11, 04:46 AM
#5
On another thread you are claiming your 07 GS350 is worth 31-2k, and here you are suggesting a dealer sells an 11 for 40k OTD (which means 36k). So in between you imply the car depreciates at 1k per year. That's ridiculous. You are implicitly saying dealers should sell cars at wholesale to other people but pay you retail!
40k plus tax is likely a reasonable price for a 2011.
Another way to look at it is that invoice is 88% of MSRP on Lexus on average. A used current model year car is ~$3k below invoice.
Last edited by *Batman*; 10-01-11 at 05:18 AM.
10-01-11, 08:59 AM
#6
Dude - you are so inconsistent.
On another thread you are claiming your 07 GS350 is worth 31-2k, and here you are suggesting a dealer sells an 11 for 40k OTD (which means 36k). So in between you imply the car depreciates at 1k per year. That's ridiculous. You are implicitly saying dealers should sell cars at wholesale to other people but pay you retail!
40k plus tax is likely a reasonable price for a 2011.
Another way to look at it is that invoice is 88% of MSRP on Lexus on average. A used current model year car is ~$3k below invoice.
On another thread you are claiming your 07 GS350 is worth 31-2k, and here you are suggesting a dealer sells an 11 for 40k OTD (which means 36k). So in between you imply the car depreciates at 1k per year. That's ridiculous. You are implicitly saying dealers should sell cars at wholesale to other people but pay you retail!
40k plus tax is likely a reasonable price for a 2011.
Another way to look at it is that invoice is 88% of MSRP on Lexus on average. A used current model year car is ~$3k below invoice.
10-01-11, 10:36 AM
#7
Yeah but you have to be consistent in your logic. There is no way you can buy a 2011 for 36k unless it's been in an accident or is water damaged.
Last edited by *Batman*; 10-01-11 at 01:01 PM.
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10-01-11, 11:04 AM
#8
,,,
10-01-11, 05:24 PM
#10
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Thanks for everyones input.
I tried but couldn't get KBB to pull up 2011. I also offered 40k but doesn't look like they'll take it. I was in the market for the IS but ran into this....great lookin cars and I bet the ride is smoother.
I tried but couldn't get KBB to pull up 2011. I also offered 40k but doesn't look like they'll take it. I was in the market for the IS but ran into this....great lookin cars and I bet the ride is smoother.
10-01-11, 07:21 PM
#11
10-01-11, 07:28 PM
#12
I just looked at prices on Zag.com for prices local dealers are offering on this car.
If it has this spec
gS350AWD
Navigation
Intuitive park assist
ventilated seats
Rear blinds
AFS
Wood steering wheel
Then MSRP is 52655 and the lowest price you can buy it on Zag.com is 46,810 brand new. So you should expect to pay about 3-4k below that or 43k Alternatively buy a new one for 46.8k.
If it has this spec
gS350AWD
Navigation
Intuitive park assist
ventilated seats
Rear blinds
AFS
Wood steering wheel
Then MSRP is 52655 and the lowest price you can buy it on Zag.com is 46,810 brand new. So you should expect to pay about 3-4k below that or 43k Alternatively buy a new one for 46.8k.
10-02-11, 01:21 AM
#13
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The economy is tanked, if they have been sitting on dead stock for a while see what kind of deal you can get. If its sweet enough do it but take your time to find that cherrry car!
10-02-11, 07:18 PM
#14
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To the guy who said offer $40k OTD on a car that's listed at 47500, get real. This isn't the real estate market nor do you know the automotive business. I'd kick you out of my lot if you walked in asking for a $12k discount ultimately. Get real, no hard feelings, just reality. Like the other guy said, get consistant with your values. I'm in the business, I have a car dealer, stop throwing random figures around.
10-03-11, 05:52 AM
#15
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To the guy who said offer $40k OTD on a car that's listed at 47500, get real. This isn't the real estate market nor do you know the automotive business. I'd kick you out of my lot if you walked in asking for a $12k discount ultimately. Get real, no hard feelings, just reality. Like the other guy said, get consistant with your values. I'm in the business, I have a car dealer, stop throwing random figures around.