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Lexus: Do Lexus dealers negotiate price?

  1. #1
    John
    Guest

    Do Lexus dealers negotiate price?

    I recently walked into a Lexus dealership after having seen an add
    on cars.com for a Certified Pre Owned IS300 for $22750. The add did not
    have a colour or milage discription.
    At the Lexus dealership the sticker price was $28000 + . The
    salesman asked what price had I seen it at. I mumbled "$22ummmmmm...."
    When we got down to crunching he numbers on a Lease he added on about $
    1500 worth of fees which he said were non negotiable as was the 22k
    price. What is interesting is that I see the same year model (2001) at
    another Lexus dealer going for $19995 with 14k less miles, 47000 vs
    33000, and in the CPO program ( 3 year warranty). What was confusing was
    that he first asked at what price I had seen it advertised and then
    refused to budge from that price without even verifying the add! I
    should have said $15k!
    Does anyone want to share their experience in buying/leasing a
    Lexus?. I had oringinally intende to lease a Honda Accord EX 4cyl or
    Toyota LE but then discovered that I could lease a used Lexus IS300 for
    about the same amounts. Any preferences either way? Which would you
    prefer? How about a CPO Es300. Keep in mind that 3 year warranty!

    John

  2. #2
    Elmo
    Guest

    Re: Do Lexus dealers negotiate price?

    In article <xN11d.34838$nyc.rr.com>,
    John Smith <com> wrote:
     

    It's no different than any other car sale. Either it's a fair price, or
    it's not. No one is obligated to do anything; he's not obligated to
    sell it to you at any given price, and you're not obligated to buy it at
    any given price.

    It's what the two of you can negotiate. If he doesn't want to
    negotiate, or if he's an asshole, walk away.

    This has nothing to do with Lexus, and everything to do with (a) that
    guy, and (b) that dealership. They could be selling Chevies; they'd be
    doing it the same way.


  3. #3
    David
    Guest

    Re: Do Lexus dealers negotiate price?

    "John Smith" <com> wrote in message
    news:xN11d.34838$nyc.rr.com... 
    add 
    not 


    Make him an offer. Whaddayathink, he going to get mad at you? He
    probably will. And he'll probably blow a lot of smoke in your face to
    make you feel insecure. That's how they make their money.

    If you don't like his ultimate offer, go to the other dealer. Once they
    know your going to buy they'll do whatever they can to get you to buy
    from someone else rather than another dealer.

    Buying a car is a zero sum game. If the dealer is happy, then you
    probably paid more than you had to. A good car salesman is one that
    gets a high "yield." Yield means profit to the dealership.



  4. #4
    DaveW
    Guest

    Re: Do Lexus dealers negotiate price?

    On Sun, 12 Sep 2004 19:51:57 GMT, John Smith <com>
    wrote:
     

    You have to shop it, like any other make. Some dealers are better than
    others, and especially on pre-owned vehicles.

    I recently bought an '02 GS300 - CPO, at a Lexus dealership - with
    25,000 miles in immaculate condition for $31,800. When I went to pick
    it up, I saw an '01 GS300 next to it with higher mileage for $32,500.
    I asked the salesman about it, and he told me they bought the '02
    better and were able to sell it cheaper, so you never know.

    DaveW

  5. #5
    TURTLE
    Guest

    Re: Do Lexus dealers negotiate price?


    "John Smith" <com> wrote in message
    news:xN11d.34838$nyc.rr.com... 

    This is Turtle.

    The Word '' Dealer '' and the word '' Negotiate / Negotiator '' means the same
    thing. If he will not Deal or Negotiate -- walk out and find another dealer that
    will do his job.

    TURTLE



  6. #6
    Dannie
    Guest

    Re: Do Lexus dealers negotiate price?

    Right you are! I actually like to negotiate with a salesperson and after
    doing 'my homework' I always start way low. Several times in my 50+ years of
    dealing I have walked out of the showroom. My attitude is I certainly like
    the car but I'm not in love with it. Once the salesperson finds that out
    then you are often switched to another high pressure salesman. And this buy
    at $100/200 over dealer cost is baloney. Dealership wants to sell cars and
    make money on the service but certainly can't live at that margin unless
    they pack on all sorts of goodies.
    Dannie

    "TURTLE" <net> wrote in message
    news:de... 
    on 
    have a 
    salesman 
    1500 
    What is 
    dealer 
    program 
    price I 
    even 
    Lexus?. I 
    then 
    amounts. 
    Es300. 
    same 
    dealer that 




 

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