Offer on a 2001 - dealer said no
06-13-05, 07:35 PM
#16
Lexus Fanatic
If they bought it at 24 then they would be making money if they sold it at 27-28. Most likely the car was in good condition to begin with since it is a well made reliable expensive luxury car so they did not need to spend much if any to get it into selling condition. The tax on the car is not going to be 3 or 4 thousand dollars either. Even if it did need some work they would have offered a very low price for it and they get parts and detailing work for very low prices. To list it does not really cost much either. This dealership is playing games it sounds like and I would use caution buying from them because any repairs or issues will probrably be challenged or substandard if they are conducting themselves like that. Sometimes I wish we could just buy our cars straight from the factory or from owners instead of having to deal with shady greedy salesman trying to get the most they can from buyers like him. There are other GS's out there and I think I would say forget this place. There probrably isn't anybody else who is interested in the car in the first place and he is just saying that to get you to pay more just like he is saying he wouldn't make any money if he sold it at your offer. Keep us updated. Good Luck
06-14-05, 06:46 AM
#18
Originally Posted by Lvangundy
thanks (and everyone else :-) )
The dealer insists that $27K OTD is way too low and they absolutely will not make any money off the car. They swear they bought it for ~$24K and selling for $27 would either break even or make them lose money. Whatever, dealer talk I guess, but it could be true.
They are obviuosly playing a bidding war and trying to make some cash, since the primary salesman keeps telling me "other people are bidding $29K as is."
I already put in my $28K bid, but with new tires/floormats/and a small chip fix.
The guy could have had a sale tonight, but he kept telling me that his closer was out of the office today and that he was the only one who could close the deal.
They seem like they are lagging on it waiting for a higher buyer.
The dealer insists that $27K OTD is way too low and they absolutely will not make any money off the car. They swear they bought it for ~$24K and selling for $27 would either break even or make them lose money. Whatever, dealer talk I guess, but it could be true.
They are obviuosly playing a bidding war and trying to make some cash, since the primary salesman keeps telling me "other people are bidding $29K as is."
I already put in my $28K bid, but with new tires/floormats/and a small chip fix.
The guy could have had a sale tonight, but he kept telling me that his closer was out of the office today and that he was the only one who could close the deal.
They seem like they are lagging on it waiting for a higher buyer.
We picked up my wife's 2003 GS430 with 17" chromes, rear spoiler, and NAV/ML (10,861 miles odometer) last November for a hair over $40k out the door from a dealer in Houston on eBay Motors. No, we did not buy a CPO vehicle, but that's because the vehicle was still well under the original warranty of 50k miles or until January 2008.
Best of luck in your search!
06-14-05, 07:50 PM
#22
Guest
Posts: n/a
Update..
Well. I didn't get the car from the dealer. I'm quite annoyed right now.
I show up there (25 mile drive BTW) and I'm told a guy has put a deposit down and would be there in 30 minutes.
They suggested I wait to see what happened so I went and got some food and hung out.
1 hour passes, I call and the guy tells me there's basically no hope since the buyer had arrived and was starting paperwork.
Boy, am I ticked!
There are a few major points here. I was in their dealership TWICE, called and kept in contact. I raised my offer up TWICE and waited on them for 2 hours. I would have no reason to go back to them unless they find another car that's in better condition, has less miles and a lower price. ehh.
One thing I'm noticing is that there are a TON of 2002's with NAV/ML/Chrome floating around at dealers. I don't really want NAV and even more so chrome wheels (bleh - swap out ASAP LOL)
I show up there (25 mile drive BTW) and I'm told a guy has put a deposit down and would be there in 30 minutes.
They suggested I wait to see what happened so I went and got some food and hung out.
1 hour passes, I call and the guy tells me there's basically no hope since the buyer had arrived and was starting paperwork.
Boy, am I ticked!
There are a few major points here. I was in their dealership TWICE, called and kept in contact. I raised my offer up TWICE and waited on them for 2 hours. I would have no reason to go back to them unless they find another car that's in better condition, has less miles and a lower price. ehh.
One thing I'm noticing is that there are a TON of 2002's with NAV/ML/Chrome floating around at dealers. I don't really want NAV and even more so chrome wheels (bleh - swap out ASAP LOL)
Last edited by Lvangundy; 06-14-05 at 08:13 PM.
06-14-05, 08:29 PM
#23
isn't there any other dealers in your area?
just wait a few days and see what else comes up. summer is not the cheapest time to buy a car so you might end up paying a bit more for the right car.
also one thing to consider ... if they bought the car for 24k it would have to be from a trade in as these cars are definitely not going that cheap in the auctions yet. Your offer was OTD so that means tax + fees+ registration will be somewhere close to $3,000. add it up and you'll see why they didnt want to go that low. They might not of put alot/(if any) money into it since the tires are down to 40% and brakes are 50% but most dealerships expect to make more than 1k profit on a used car sale such as this.
good luck finding a car.
just wait a few days and see what else comes up. summer is not the cheapest time to buy a car so you might end up paying a bit more for the right car.
also one thing to consider ... if they bought the car for 24k it would have to be from a trade in as these cars are definitely not going that cheap in the auctions yet. Your offer was OTD so that means tax + fees+ registration will be somewhere close to $3,000. add it up and you'll see why they didnt want to go that low. They might not of put alot/(if any) money into it since the tires are down to 40% and brakes are 50% but most dealerships expect to make more than 1k profit on a used car sale such as this.
good luck finding a car.
06-14-05, 09:49 PM
#24
Originally Posted by Lvangundy
Well. I didn't get the car from the dealer. I'm quite annoyed right now.
I show up there (25 mile drive BTW) and I'm told a guy has put a deposit down and would be there in 30 minutes.
They suggested I wait to see what happened so I went and got some food and hung out.
1 hour passes, I call and the guy tells me there's basically no hope since the buyer had arrived and was starting paperwork.
Boy, am I ticked!
There are a few major points here. I was in their dealership TWICE, called and kept in contact. I raised my offer up TWICE and waited on them for 2 hours. I would have no reason to go back to them unless they find another car that's in better condition, has less miles and a lower price. ehh.
One thing I'm noticing is that there are a TON of 2002's with NAV/ML/Chrome floating around at dealers. I don't really want NAV and even more so chrome wheels (bleh - swap out ASAP LOL)
I show up there (25 mile drive BTW) and I'm told a guy has put a deposit down and would be there in 30 minutes.
They suggested I wait to see what happened so I went and got some food and hung out.
1 hour passes, I call and the guy tells me there's basically no hope since the buyer had arrived and was starting paperwork.
Boy, am I ticked!
There are a few major points here. I was in their dealership TWICE, called and kept in contact. I raised my offer up TWICE and waited on them for 2 hours. I would have no reason to go back to them unless they find another car that's in better condition, has less miles and a lower price. ehh.
One thing I'm noticing is that there are a TON of 2002's with NAV/ML/Chrome floating around at dealers. I don't really want NAV and even more so chrome wheels (bleh - swap out ASAP LOL)
06-15-05, 10:11 AM
#26
Lexus Connoisseur
Lee have you tried ebay?
