Price for a 2000 CPO?
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Hi. My wife really wants an RX300. I found a 29K Black/Grey model which is real clean, and has the certified warranty. They had a price of $29400 on the window but quickly told me that the "new" price was $27500. I made what I thought was a fair offer of 25,700 but they said that they won't budge from the 27.500 price as they had over 26K in the car and the warranty "cost them" a grand. I find this real hard to believe. Should I pass on this one and keep looking? Or has Lexus CPO sales become so hot that people are banging down the door to pay that kind of price for a 4 year old car?
Charlie
Charlie
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I have been buying preowned lexus's for 10 years with the exception of a 2002 es300 leased for my business and all have been trouble free great purchases. And I was going to buy a CPO rx300 like you but I got a great deal on a non CPO 2002 rx300 4WD 13000 miles for 30 grand. My logic was I wouldnt get the 3year 100k warranty but on the other hand i did inherit the 4/48 bumper to bumper and 6/70 powertrain so a recent non CPO lexus is another option to ponder.
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I looked long and hard for a good deal on a used RX. I compared eBay and most of the dealerships in Dallas, Houston, OKC, and KC over a 3 month period. I was finally able to buy a 2000 non-CPO with 41K miles from the dealership in OKC for $21,000. They were asking $25,900, but finally relented when I convinced them that I was ready to buy NOW, had the cash, and would go elsewhere where I could get a deal in this price range. Watch what they sell for on eBay and print out the ads and show them to the dealership. Your offer was more than fair IMO.
#5
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The best way to get a good deal is to be prepared to walk if you don't like what they offer. Let them know that you are serious and want to buy the car, but at a fair price. That price is a tad on the high side, but for a CPO and the warranty you get it may be worth it. If you buy an equivalent non CPO RX300 for $2,500 less, then that's a decision you have to make. I just bought my 2000 CPO RX300 back in July and looked at about 10 of them before I got the deal I wanted. I ended up paying $26,000 for a 2000 w/40k in prestine conditon. No scratches, dings, nicks, etc. I could have bought a non CPO that wasn't as prestine and no extended warranty and saved 3-4k, but to me, it wasn't worth it.
I also find it hard to believe that they are into the vehicle for 26k. I would think that the number is more like 22-24 based on what a friend of mine tells me what they go for at the auctions. It does cost the dealer more to have it inspected to be able to sell it as a CPO, but it isn't $1000.
Good luck in your RX300 hunt!
Jeremy
I also find it hard to believe that they are into the vehicle for 26k. I would think that the number is more like 22-24 based on what a friend of mine tells me what they go for at the auctions. It does cost the dealer more to have it inspected to be able to sell it as a CPO, but it isn't $1000.
Good luck in your RX300 hunt!
Jeremy
#6
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My friend bought a 2000 RX RWD blk/gray for $27.5k just this March.
Her car had less than 18k miles when she bought it.
I think mileage is a very big factor when it comes to price for any car. I've seen a few 2000 RXs going for less than $20k nowadays but these are generally cars with very high mileage.
Jon
Her car had less than 18k miles when she bought it.
I think mileage is a very big factor when it comes to price for any car. I've seen a few 2000 RXs going for less than $20k nowadays but these are generally cars with very high mileage.
Jon
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i just bought mine a month ago. its a silver rx300 2WD. I paid 21500/- for mine and it came with their standard CPO warranty. Make sure to quote 3000/4000 less than what their best offer is...then you can work out a number somewhere in between, which i think is usually a fair price. good luck!
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