Question on purchase price for an IS250 Convertible
#1
Driver School Candidate
Thread Starter
Join Date: Feb 2011
Location: MI
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Question on purchase price for an IS250 Convertible
Hello, I'm new to the forum and currently researching to purchase a 2011 250IS Convertible Auto with option B no NAV etc with an MSRP of $45,070 + tax, title . . . and my local dealers aren't budging one dime off MSRP.
Now Edmunds has True Market Value pegged out at $40,900 and they state that this is what people are buying the car in my area.
Before I go back to the dealer with my research, my question is; "Is it normal for Lexus to do this?" Is the MSRP price a reasonable price to pay, knowing what web sites are stating? I can understand a dealer not willing to go as low as 40K but not budgeing off MSRP is confusing to me.
I live in Michigan and any comments or advise to help convince the dealer to reduce the price would be very much appreciated.
thank you
Now Edmunds has True Market Value pegged out at $40,900 and they state that this is what people are buying the car in my area.
Before I go back to the dealer with my research, my question is; "Is it normal for Lexus to do this?" Is the MSRP price a reasonable price to pay, knowing what web sites are stating? I can understand a dealer not willing to go as low as 40K but not budgeing off MSRP is confusing to me.
I live in Michigan and any comments or advise to help convince the dealer to reduce the price would be very much appreciated.
thank you
#3
Get some pricing from other dealerships. Once they see they have competitions from other dealers for your sale then they'll start to budge on pricing. DONT BE AFRAID TO WALK AWAY! They will always call you back
#4
Driver
iTrader: (1)
Join Date: Jan 2011
Location: WA
Posts: 177
Likes: 0
Received 0 Likes
on
0 Posts
I agree with OPTiK. You have the power, don't let them get the upper hand. Have a price in mind (a site like http://www.truecar.com will help you with your negotiations because they show you how much locals have bought theirs for). Be firm on your pricing especially if others have gotten similar prices. They will call you back if you walk away. Give it a few days or if your salesman/woman is aggressive you will get a call the next day with a better offer
#5
Hello, I'm new to the forum and currently researching to purchase a 2011 250IS Convertible Auto with option B no NAV etc with an MSRP of $45,070 + tax, title . . . and my local dealers aren't budging one dime off MSRP.
Now Edmunds has True Market Value pegged out at $40,900 and they state that this is what people are buying the car in my area.
Before I go back to the dealer with my research, my question is; "Is it normal for Lexus to do this?" Is the MSRP price a reasonable price to pay, knowing what web sites are stating?
thank you
Now Edmunds has True Market Value pegged out at $40,900 and they state that this is what people are buying the car in my area.
Before I go back to the dealer with my research, my question is; "Is it normal for Lexus to do this?" Is the MSRP price a reasonable price to pay, knowing what web sites are stating?
thank you
#7
Driver School Candidate
Join Date: Mar 2012
Location: TN
Posts: 21
Likes: 0
Received 0 Likes
on
0 Posts
It is my understanding that people do often have to pay MSRP for the Lexus IS convertibles because the demand is greater than or at least equal to the supply so Lexus doesn't have trouble selling them and doesn't have to come down on the price. Have you tried looking at used models? There are not a ton of them available because the car is so new, but you could save some money and still get a very nice car.
Trending Topics
#8
I was offered a leftover 2011 IS350C for $1000 under invoice for a cash deal
#10
#12
The window sticker is not the invoice. $4500 under invoice would be over $3K less than the dealer paid for the car!