Thoughts on this price for used IS250AWD?
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Looking at purchasing a 2006 IS250AWD with Navigation and Luxury package with around 9000 miles on it from a dealership for $34500. Just wondering what people think about this price. Any thoughts would be appreciated. Thanks!
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I'm thinking the same. Same car new MSRP is $39630, invoice is $34690 so I'm thinking I would have to pay between $2500 and $4000 more to get one new.
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Originally Posted by MathWiz579
Looking at purchasing a 2006 IS250AWD with Navigation and Luxury package with around 9000 miles on it from a dealership for $34,500. Just wondering what people think about this price. Any thoughts would be appreciated. Thanks!
If this were an American car, I would suspect that the discount would have to be a lot steeper.
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Offer them 30 and see what they come back with. I mean if your credit is good and you are preapproved for a certain amount ( like a loan check ) you might even be able to get it under 30. They want to sell you the car more than you want to buy it, so just haggle. A car is always worth less than it was the day before.
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You don't think offering them something near $30,000 is too unreasonably low? I have little experience in the negotiating arena, but I would think that a $4500 difference between offers may make things more difficult on me during the negotiating process.
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Originally Posted by MathWiz579
You don't think offering them something near $30,000 is too unreasonably low? I have little experience in the negotiating arena, but I would think that a $4500 difference between offers may make things more difficult on me during the negotiating process.
One other suggestion, ask another Lexus dealer what the GALVS value is for a used IS with the equipment noted. Here in the northeast, dealers use GALVs to tell you the wholesale (auction) price which they use to set the trade in value of a car. Once you find that out, then decide what you believe to be a fair profit for the dealer. You can also call the lending department at your local bank and ask them to provide you with a trade in and resale value.
But going in saying you want $30k without any basis to support your position is going to make you look naive.
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