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Need help with 1999 GS300 negotiation

 
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Andy5

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Since: Jul 20, 2003
Posts: 1



(Msg. 1) Posted: Mon Jul 21, 2003 12:09 am
Post subject: Need help with 1999 GS300 negotiation
Archived from groups: alt>autos>lexus (more info?)

I'm planning to purchase a used 1999 GS300 - 30 to 50k miles. Most
likely from the dealer. Would appreciate advice from anyone who's
made a similar purchase recently or would have insight into the
process:

* How much were you able to negotiate the dealer down (pls include
year & miles)
* What's the markup on Certified cars - how does that affect price
* How were you treated on your trade-in

Also, with the special used Lexus financing in effect, does that put
more pressure on the dealer to move units this month?

Pls e-mail a1andy.RemoveThis@aol.com. Many thanks!

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mike24

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Since: Jun 30, 2003
Posts: 3



(Msg. 2) Posted: Mon Jul 21, 2003 10:34 am
Post subject: Re: Need help with 1999 GS300 negotiation [Login to view extended thread Info.]
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 > * How much were you able to negotiate the dealer down (pls include
 > year & miles)

Upto $6k off original list price, but I found a better deal somewhere
else. For example: 99 GS400 with 55K miles: Lexus dealer asks $31K.
The same 99 GS400 with 13K miles from a private dealer - $28K.

 > * What's the markup on Certified cars - how does that affect price

I see as much as $8-10K markup on CPO cars from Lexus dealer

 > * How were you treated on your trade-in

2001 GS430 with 22Kmiles, NAV, Mark Levingston, perfect, trade-in
value is $31K. Big Scam.

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DonB

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Since: Jul 03, 2003
Posts: 5



(Msg. 3) Posted: Tue Jul 22, 2003 10:30 am
Post subject: Re: Need help with 1999 GS300 negotiation [Login to view extended thread Info.]
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a1andy DeleteThis @aol.com (Andy) wrote in message ...
 > I'm planning to purchase a used 1999 GS300 - 30 to 50k miles. Most
 > likely from the dealer. Would appreciate advice from anyone who's
 > made a similar purchase recently or would have insight into the
 > process:
 >
 > * How much were you able to negotiate the dealer down (pls include
 > year & miles)
 > * What's the markup on Certified cars - how does that affect price
 > * How were you treated on your trade-in
 >
 > Also, with the special used Lexus financing in effect, does that put
 > more pressure on the dealer to move units this month?
 >



When I was with my son last year and he was buying a used 2000 ES, the
dealer offered to certify it for $850. Since it had only 16K on it and
2 1/2 years left on the warranty he passed. So I would think that the
$850 is about the cost of certified over non certified.

I've seen certified 99 GS300 for 22,995 - 26995 with around 45-55 k
miles.
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DonB

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Since: Jul 03, 2003
Posts: 5



(Msg. 4) Posted: Tue Jul 22, 2003 10:30 am
Post subject: Re: Need help with 1999 GS300 negotiation [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

a1andy RemoveThis @aol.com (Andy) wrote in message ...
 > I'm planning to purchase a used 1999 GS300 - 30 to 50k miles. Most
 > likely from the dealer. Would appreciate advice from anyone who's
 > made a similar purchase recently or would have insight into the
 > process:
 >
 > * How much were you able to negotiate the dealer down (pls include
 > year & miles)
 > * What's the markup on Certified cars - how does that affect price
 > * How were you treated on your trade-in
 >
 > Also, with the special used Lexus financing in effect, does that put
 > more pressure on the dealer to move units this month?
 >


Also many certified Lexus are available with the 1.9% Lexus financing.
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Iona Camry

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Since: Jul 04, 2003
Posts: 30



(Msg. 5) Posted: Wed Jul 23, 2003 6:07 am
Post subject: Re: Need help with 1999 GS300 negotiation [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

 >* What's the markup on Certified cars - how does that affect price

Too much. Marketing scam.
But it's a decent extended warranty, if that's what you really want.

A car is either good or it isn't.
I bought my 1988 V6 Camry in 1991, before any of these Certified programs was
around.
I took good care of it, and I had no trouble with it for the past 13 years.
If I had spent $5K to $8K more for a Certification, that would have been
money down the drain.

Now, if you bought a FORD....

If I had bought a new 1991 V6 Camry, it would probably look and perform
the same today as the one I have right now, but it would have cost
me almost $10K more back then.

I bought a 2000 ES 300 with another year of remaining factory warranty, and
I am proud to say I own a Un-Certified, Used Lexus, and I saved myself some
bucks.
And I would have it no other way Smile
If my ES 300 breaks down in the next decade, I intend to report every single
detail of what happened in this newsgroup.
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GRL

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Since: Mar 17, 2004
Posts: 15



(Msg. 6) Posted: Sat Jul 26, 2003 10:25 am
Post subject: Re: Need help with 1999 GS300 negotiation [Login to view extended thread Info.]
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You are right about the extended warranty on a Lexus or Toyota, not really
worth it. When we bought our 2 year old '02 Lexus from a Lexus dealer I
negotiated a price then told the salesman I wanted the 6 year extended
warranty (in other words, another 2 years past the 4 year standard warranty)
for no additional charge. He hemmed and hawed, but I said I'd walk otherwise
(and meant it), so he gave it to me.

The only warranty claim I ever made was for a broken bracket in one seat,
and that happened within the original warranty period. Zero claims during
the extended warranty period - and the only thing that went wrong since was
an oxygen sensor that went south and I had to pay $150 to replace.

I know this is just one data point, but it testifies to excellent
Toyota/Lexus reliability and makes me question whether an extended warranty
is worth paying for at all. Getting it for "free" is another matter.

--

- GRL

"It's good to want things."

Steve Barr (philosopher, poet, humorist, chemist,
Visual Basic programmer)
"Iona Camry" wrote in message

  > >* What's the markup on Certified cars - how does that affect price
 >
 > Too much. Marketing scam.
 > But it's a decent extended warranty, if that's what you really want.
 >
 > A car is either good or it isn't.
 > I bought my 1988 V6 Camry in 1991, before any of these Certified programs
was
 > around.
 > I took good care of it, and I had no trouble with it for the past 13
years.
 > If I had spent $5K to $8K more for a Certification, that would have been
 > money down the drain.
 >
 > Now, if you bought a FORD....
 >
 > If I had bought a new 1991 V6 Camry, it would probably look and perform
 > the same today as the one I have right now, but it would have cost
 > me almost $10K more back then.
 >
 > I bought a 2000 ES 300 with another year of remaining factory warranty,
and
 > I am proud to say I own a Un-Certified, Used Lexus, and I saved myself
some
 > bucks.
 > And I would have it no other way Smile
 > If my ES 300 breaks down in the next decade, I intend to report every
single
 > detail of what happened in this newsgroup.
 >
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