Gunbelt

So it turns out the GS 430 I was going to get was sold So I am looking for more of them. It just struck me to ask everyone what they paid (recently) for their GS', because around here in the DC area the markup is like $8k!!!!! Galves says the wholesale on a 2003 GS 430 w/ 60k miles is $16,000 (ML and Nav), but dealers are at least trying to sell them for $22k-24k? I could not imagine educated Lexus owners, as I am sure everyone is, would stand for that. So ultimately I am asking what are the GS 430's actually selling for or is price I am seeing a bait the big fish price? I was thinking $18K, which would give the dealer $1800 in profit. That should be "fair".

DrewGS350

iTrader: (1)

What does Kelly or NADA have to say?

b00b00s559

I just went to go look at a 2004 GS 430 about an hour ago, and I was wondering the samething you are wondering.

The one I saw was...

2004

44k miles

every option.

Price $34,995

kit cat

iTrader: (6)

why buy through a dealership? CPO?

nate579

iTrader: (4)

They are extremely rare in the DC area yet a car a dealer knows it can get money for. I had to drive to PA to pickup mine. Even back in 2004 when I purchased my 2001, DC GS430 were high. PM and I can give you some places to check out.

4ntvings

iTrader: (6)

^thats way too high. the mileage is under + with every option on a 430...is it a cpo? cpo adds about $2k i believe.
i probably wouldnt pay more than mid 20's for that. just my 2 cents

Gunbelt

Kelly blue book and NADA values mean nothing. The wholesale is what all dealers pay at auction. Ebay will even show this, look for completed sales on GS430 and there will be nothing in the twenties unless it has extremely low mileage. They should not get more that 10% profit on a vehicle. Getting 50% markup on a used vehicle is criminal. That $34k b00b00s559 mentioned is a good example. I am looking at ordinary used car lots, Lexus dealers have more like a $10k markup. Lexus obviously makes nice cars and typically owners take really good care of them, there is nothing that these dealers have to do to recondition them.

flipicanez

iTrader: (1)

Hence....."Car Stealership"

4ntvings

iTrader: (6)

if you can get an "in" with the dealer with the $35k 430, find out how much they got it for. was it a lease return? trade in?

my bit: you have to give a little to get a little. anything else is all about negotiating

swat1727

iTrader: (2)

how was that too expensive?!?! i paid for my 01 gs300 june 05. with 87k for $18,000 i thought was a deal.

kevs98GS4

iTrader: (1)

I was looking at an 03 before I purchased my 99. I'm a wholesaler and and 03 with 50K mark, and nav is going to sell for $19-20K! So that being said one for 22 or 23 is worth the money! GL finding another!

AYEmike

bought mine 2 months ago, 2002 gs300, 17 grand, 40k miles

mine is a wholesale, just had the rear differential gear leak fix, for free

Gunbelt

That was almost three years ago so that makes sense. I bet you paid ~$1800 over wholesale at the time. Except now I am looking at a 5-6 year old car and there is a new generation GS, yet they are asking in the mid twenties!

4ntvings

iTrader: (6)

california market is evidently different from other states

Gunbelt

So are we just dummies, no offense, here on the east coast? This just makes me want to go west that much more. I am venting a little here so bare with me