- #576 of 716
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Re: 2004 Lexus ES330 Auction Prices [jbaek74]
by sebring95
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Feb 19, 2009 (6:10 pm)
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Replying to: jbaek74 (Feb 19, 2009 3:26 pm)
Is this with Toyota/Lexus finance? If so, please let us know how the negotiations go. To date, I've yet to hear of getting any answer besides a resounding "NO". I've tried through multiple leases as well with no success.
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- #577 of 716
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Re: 2004 Lexus ES330 Auction Prices [jbaek74]
by volvomax
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Feb 20, 2009 (8:08 am)
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Replying to: jbaek74 (Feb 19, 2009 3:26 pm)
Not too many 40k 04 ES330's out there.
Figure the car would trade in the $11-12k range.
Lease co's don't always go by trade value when they negotiate a buyout.
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- #578 of 716
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Re: 2004 Lexus ES330 Auction Prices [sebring95]
by jbaek74
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Feb 20, 2009 (9:17 am)
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Replying to: sebring95 (Feb 19, 2009 6:10 pm)
No - it's with Wells.
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- #579 of 716
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Re: 2004 Lexus ES330 Auction Prices [volvomax]
by jbaek74
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Feb 20, 2009 (9:23 am)
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Replying to: volvomax (Feb 20, 2009 8:08 am)
Thanks again for your help volvomax!
Given the low miles, I think I'm going to offer them $12.5k and see if that works out.
Anybody have any other tips on negotiating the best possible price?
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- #580 of 716
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Re: 2004 Lexus ES330 Auction Prices [jbaek74]
by sebring95
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Feb 20, 2009 (9:39 am)
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Replying to: jbaek74 (Feb 20, 2009 9:23 am)
I wouldn't mention the miles if you could help it.
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- #581 of 716
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Re: 2004 Lexus ES330 Auction Prices [sebring95]
by volvomax
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Feb 20, 2009 (11:08 am)
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Replying to: sebring95 (Feb 20, 2009 9:39 am)
I wouldn't mention the miles if you could help it.
That is usually the first question.
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- #582 of 716
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Re: 2004 Lexus ES330 Auction Prices [volvomax]
by jbaek74
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Feb 20, 2009 (4:36 pm)
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Replying to: volvomax (Feb 20, 2009 11:08 am)
Yup, that was the first question..."miles??"
To my dissapointment, they said that my offer of $12.5k was not acceptable.
Their best possible price was $14k. When I pushed for a lower price, I was told to call back next week to see if auctions over the weekend could enable them to offer me a better deal. Do they have some kind of a formula based on the auction prices to determine the minimum that they'll take for a lease-end vehicle?
Do you guys think $14k is a reasonable price for this car?
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- #583 of 716
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Re: 2004 Lexus ES330 Auction Prices [jbaek74]
by sebring95
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Feb 21, 2009 (5:31 am)
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Replying to: jbaek74 (Feb 20, 2009 4:36 pm)
How much longer is left on the lease? The closer you get to turn-in the more likely they'll be to negotiate. For curiosity sake, what is the stated residual in the contract? While residuals are based on wholesale value, I don't think $14k sounds like a terrible deal if you like the car and want to keep it. Less is always better, but you do have to take into consideration the fair-market value if you were to try and buy an identical car.
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- #584 of 716
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Re: 2004 Lexus ES330 Auction Prices [jbaek74]
by volvomax
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Feb 21, 2009 (7:57 am)
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Replying to: jbaek74 (Feb 20, 2009 4:36 pm)
As I have stated before, lease co's don't sell cars for wholesale.
If the car would trade for $12k, then $14k is reasonable as a buy price.
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- #585 of 716
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Re: 2004 Lexus ES330 Auction Prices [volvomax]
by sebring95
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Feb 21, 2009 (8:58 am)
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Replying to: volvomax (Feb 21, 2009 7:57 am)
Why wouldn't they negotiate to wholesale? That's what the residual was supposed to be predicting in the first place. And a bank like Wells will be into more expenses to take the car in and resell it. Unless they have a retail lot somewhere we don't know about.
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