I think it's a good deal, but you can always ask for a better price.
Attached are the auction stats for 2007 LS460L.
Enjoy.

 

Thanks dimapb. Is this public or dealer auction??? Prices seem a bit lower but not much. So the mileage plays a big role here determining the price. Seem like any car here with about 20k mi. will run you close to $50k, BUT you don't get to test drive the vehicle if you're getting from the auction. To me test driving the car is the best policy b4 buying the car.

So I guess the bottom line is that if I can get this car for @ $52k OTD, that would be a GOOD deal???

 

It is a dealer auction.

 

Thanks. Can't wait till Friday to test drive the car again. In the meantime, I need to get my finances together and be ready for the deal.

 

52K is a good deal.

 

$52K is what I'm hoping they'll agree. So I'm crossing my fingers and prob. give them a call and see what happens. So I'm heading over the dealer during lunch hour today and take another test drive. I'll keep you guys posted.
Thanks for everyone here helping me out.

 

hey i'm in houston too..i'm heading over there RIGHT NOW (before you get there at lunch time) and buy it

Just kidding man. Good luck with the purchase. Take some pics when you got her home.

 

Unfortunately, dealer wants $56k OTD. I offered $53k and they won't budge. So what to do next???

 

Cash is king...look elsewhere, i'm sure you'll find a deal if you search around. Did you go to Westside Lexus?
BTW, how much down payment are you putting down?

 

I'm approved for $55k from my own bank. No down payment required. The ls460L is quite more expensive than the regular ls460. Having a headache now...

 

Besides Westside Lexus, checkout the Lexus dealership directly across I-45 from this MB dealer, and also the Lexus dealer located on US-59 at BW-8. They all have a few used LS460L's on the lot.

 

So what to do next???

Based on the options and mileage, what is the wholesale prce of the car?

 

Thanks for the info. I'm torn between 07 ls460L and 07 sc430. I mean already have a sedan. Never own a convertible. But love the ls460L. Very luxurious. And the 07 sc430 is about 10k less than the ls460L. Wifie wants the convertible more than the ls. So I guess I'm heading toward to sc430. Make her happy...then she'll make you happy. You all know how it is....

 

Bought my 06 LS430UL from these guys almost a year ago and got the best deal I ever got.
So there are 07 LS460L cars out there just maybe not in your area. I consider this a steal.

http://www.malonesauto.com/carinfo.php?stocknum=5496

 

let them sweat it out a bit. They are hurting for sales. You dont seem like you are hurting for a new car. Let them call you back in a month or so. They will