2010 IS350...$2,500 off MSRP
#18
Lexus Champion
New car smell? To be honest, I was hoping for more changes between the year models. If I knew there would be a major change to the IS by next year then I would probably wait, but it's the wife's car and she mentioned she would like a new one and our anniversary is next week so I thought it would be a nice surprise. I certainly don't need a new car but would like to get one only if I can get a good deal.
#21
Lexus Test Driver
The worst thing to do is combine trade-in with new car purchase. These are two separate things. Works out the new car purchase price first. Find your fair trade-in value from KBB, etc so you know what to expect from the dealer. I don't recommand trade-in to dealer because it's no secrete they suck your blood dry. I take time to sell my car on Craigs List and easily got $3K-$5K more than what dealer is willing to pay.
You also need to know when to say "no" to the dealer and walk away... But last, $ is yours, if you think $2500 off MSRP makes you happy, go for it.
#22
This one is easy (if you decide to move forward) -
Don't trade the car in. You should almost never get ride of a car/buy a car in the same transaction. It's alot easier to hide the cost in a transaction like this. They take money from one area and put it in another.
It's not a super difficult transaction but, it just leaves room for them to become creative and confusing and you don't want that.
You should sell your car to a 3rd party (like Carmax). If you take this route, you'll get a higher value and you'll have cash in hand.
Now - when you go into a dealership, you're only dealing with the purchase of a new car. If you keep it simple, it prevents them from making it difficult
2K off of MSRP is actually not bad (in this case). What you really want to base the price off of is the invoice cost, not MSRP which stands for (manufacturers "suggested" retail price). Who cares what Toyota suggest right? Dealerships will always start at MSRP because they know that it's not a "real" number and anything near it is pure profit (unless you're buying the most exclusive car in the world).
If you were buying the car closer to summer, the savings would be even greater but, that's entirely up to you.
Good luck
Don't trade the car in. You should almost never get ride of a car/buy a car in the same transaction. It's alot easier to hide the cost in a transaction like this. They take money from one area and put it in another.
It's not a super difficult transaction but, it just leaves room for them to become creative and confusing and you don't want that.
You should sell your car to a 3rd party (like Carmax). If you take this route, you'll get a higher value and you'll have cash in hand.
Now - when you go into a dealership, you're only dealing with the purchase of a new car. If you keep it simple, it prevents them from making it difficult
2K off of MSRP is actually not bad (in this case). What you really want to base the price off of is the invoice cost, not MSRP which stands for (manufacturers "suggested" retail price). Who cares what Toyota suggest right? Dealerships will always start at MSRP because they know that it's not a "real" number and anything near it is pure profit (unless you're buying the most exclusive car in the world).
If you were buying the car closer to summer, the savings would be even greater but, that's entirely up to you.
Good luck
Last edited by LexusRuss; 01-29-10 at 03:52 PM.
#24
#25
Lexus Test Driver
New car smell? To be honest, I was hoping for more changes between the year models. If I knew there would be a major change to the IS by next year then I would probably wait, but it's the wife's car and she mentioned she would like a new one and our anniversary is next week so I thought it would be a nice surprise. I certainly don't need a new car but would like to get one only if I can get a good deal.
If it's your anniversary, you might want to do something thoughtful, like take her away for the weekend. If you need to spend a large amount of money to be satisfied, then I'm sure a big diamond would get a better response than a clone of her current car.
Just my opinion!
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