How does this price sound?
Thread Starter
Driver School Candidate
Joined: Mar 2013
Posts: 8
Likes: 0
From: Maryland
How does this price sound?
So I made a post a few days ago, questioning the GS350's snow capabilities. After another test-drive, the my father is 99% sure he is going to Lexus. However, we are at a tossup for pricing.
Option #1:
2013 Lexus GS350 w/ package #2
Black/Black 1,200 Miles CPO
Wilkie Lexus in Pennsylvania (it's about 100 Miles from where we are in Maryland)
$49,990
Option #2:
2013 Lexus GS350 w/ package #2
Silver/Black Brand New
Lexus of Towson (I could walk there)
$50,990
The second option for the new one seems a lot more viable. However, is it worth doing a lot more shopping for a better price? The sticker for the new one is $55,972.
Thanks
Option #1:
2013 Lexus GS350 w/ package #2
Black/Black 1,200 Miles CPO
Wilkie Lexus in Pennsylvania (it's about 100 Miles from where we are in Maryland)
$49,990
Option #2:
2013 Lexus GS350 w/ package #2
Silver/Black Brand New
Lexus of Towson (I could walk there)
$50,990
The second option for the new one seems a lot more viable. However, is it worth doing a lot more shopping for a better price? The sticker for the new one is $55,972.
Thanks
Thread Starter
Driver School Candidate
Joined: Mar 2013
Posts: 8
Likes: 0
From: Maryland
My father has told me what he wants, and since I'm the one that has fun buying cars, he told me to take control and call him when they need a signature!
As it turns out, I have found out where they would be making their money at such a price. The price is contingent upon financing through them at Lexus of Towson. I couldn't make determine the rate on the paper through just looking at it at the dealer, but I knew it was over 3%. I asked the salesman and he said it was around 2.4% - I sort of took his word for it.
I actually did some math tonight - the rate is 3.74%. Though it does not seem like they're making any money on the car given the price they are selling it for, they will make out ~$1,500 upon my financing.
A salesguy is a salesguy - he's trying to make a deal and get some commission - I understand that. However, I cannot tolerate a liar.
IF I end up going through Lexus of Towson, I will bypass the whole salesperson ordeal and work directly with the general manager. That being said, I have my fingers crossed that I can bypass all of Len Stoler/Lexus of Towson and the monopoly they have in the Baltimore Area!
As it turns out, I have found out where they would be making their money at such a price. The price is contingent upon financing through them at Lexus of Towson. I couldn't make determine the rate on the paper through just looking at it at the dealer, but I knew it was over 3%. I asked the salesman and he said it was around 2.4% - I sort of took his word for it.
I actually did some math tonight - the rate is 3.74%. Though it does not seem like they're making any money on the car given the price they are selling it for, they will make out ~$1,500 upon my financing.
A salesguy is a salesguy - he's trying to make a deal and get some commission - I understand that. However, I cannot tolerate a liar.
IF I end up going through Lexus of Towson, I will bypass the whole salesperson ordeal and work directly with the general manager. That being said, I have my fingers crossed that I can bypass all of Len Stoler/Lexus of Towson and the monopoly they have in the Baltimore Area!
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