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Should you ever accept a car dealer's first offer on a
Old 08-26-2009, 12:30 AM   #1 (permalink)
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J-Alex is offline
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Default Should you ever accept a car dealer's first offer on a

new car lease (Lexus IS 250 AWD) ? Car in question is a Lexus IS 250 AWD. Based on my good credit and the options on the car, they offered a 36 month lease, at 12k miles a year. $2500 down and $499 a month. MSRP is 34,875. I said I would think about it and gave them the 2500 down at no risk and they said they would hold it for 24 hours. After some research I think it is overpriced. I tell them so and the dealer goes and talks to his sales manager for like 5-10 minutes, come back and says they can't budge. I ask for 475, we negotiate, he goes back again, same thing. This happens a third time, and finally the sales manager comes in and says they really can't budge on the 499. I say boo and leave. They say they'll keep it reserved until the morning.I don't believe them, I think they can budge. Since I don't think it's a coincidence that 499 is exactly 1 dollar less than 500. I think they're trying to give me a hard sell. After all, what the heck else are they talking about in the other room for all that time?
 
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Old 08-26-2009, 12:40 AM   #2 (permalink)
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paul67337 is offline
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car dealers are among the worst trusted people when polls are taken about occupations. doctors, firefighters, policemen, etc usually rank pretty high. attorneys, home repair people, and car dealers are usually near the bottom. i think they are trying to put the screw to you.a friend of mine was buying a BMW. he negotiated a price with a local dealer, and applied for BMW financing. he wasn't approved, but the dealer said they would finance him for something like 2% more in interest a month. he said no.he went to another BMW dealer, got the same car at a lower price, and was granted BMW finincing at the original rate from the first place.
 
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