Hoping my Mom isn't making a mistake - used Lexus

Jul 31st, 2017 9:05 pm

#1

conjurer [OP]: Jr. Member; Jan 24, 2007; 139 posts; 15 upvotes

Jul 31st, 2017 9:05 pm

Hoping my Mom isn't making a mistake - used Lexus

Hey Gang,
My mother put down a deposit on 2016 Lexus ES 350. She has really done no shopping yet. She says "the salesman is very nice, I told him I trust him completely" - that worries me

They said they will not lower from the sticker price, and are also charging $390 for a key and remote exchange. I usually research to the hilt before buying but am afraid I won't have time with this. Should she not be able to get some money off? Is this a good deal? ANY help would be appreciated!!!

Jul 31st, 2017 9:28 pm

#2

trixstar: Deal Guru; Jun 11, 2005; 13584 posts; 2980 upvotes; Toronto

Jul 31st, 2017 9:28 pm

Bad deal if they don't lower the sticker price. I've never heard of anyone paying full price + more for a used car. I guess your mom will be the first.

+3

Jul 31st, 2017 9:42 pm

#3

U4IA: Deal Addict; Jan 10, 2004; 4651 posts; 2228 upvotes; Edmonton

Jul 31st, 2017 9:42 pm

Price seems fair enough, fairly low KM. No idea what a key exchange fee is, I'd prob challenge that. But, Lexus dealers can be pretty arrogant so doubt they care.

+1

Jul 31st, 2017 9:43 pm

#4

UrbanPoet: Deal Expert; Jan 27, 2004; 50544 posts; 14904 upvotes; ONTARIO

Jul 31st, 2017 9:43 pm

Some people just buy cars like eggs or milk. You just grab it...

Is that her style? Its a boring but not bad of a car. Its solid and barely keeps up with other luxury cars. But well appointed and reliable.

All my threads are upvote parties! All positive vibe post get upvotes.

Jul 31st, 2017 9:51 pm

#5

speedkar9: Deal Addict; Aug 3, 2014; 1258 posts; 1350 upvotes; Toronto, ON

Jul 31st, 2017 9:51 pm

Once the deposit is there, there is no way to lower the transaction price, since she's already signed onto a contract.

The most you can ask for are extras, like free service, floor mats, detailing, and jays tickets.

As for the car itself, the Lexus ES is not a bad choice at all, in fact its probably the safest choice for a used premium sedan.

_______
Speedkar99 | YouTube

+1

Jul 31st, 2017 9:51 pm

#6

conjurer [OP]: Jr. Member; Jan 24, 2007; 139 posts; 15 upvotes

Jul 31st, 2017 9:51 pm

Yeah, this will be her last car, and I just want to make sure she doesn't get ripped off. Having a quick look online it seems this isn't wildly out of line of other prices. I am thinking she should try and get $1,000 off and not pay the key fee? I told her she should use this as a learning experience and be willing to walk away if she doesn't get a good deal, but I think she is not comfortable with that.
Thanks for the responses, happy to hear any other suggestions on the price of this.

Jul 31st, 2017 9:54 pm

#7

conjurer [OP]: Jr. Member; Jan 24, 2007; 139 posts; 15 upvotes

Jul 31st, 2017 9:54 pm

Thanks Speedkar9, if thats the case, I guess I just let her enjoy it

Jul 31st, 2017 10:18 pm

#8

carztoronto: Member; May 7, 2016; 483 posts; 417 upvotes

Jul 31st, 2017 10:18 pm

Considering a brand new Lexus ES350 has $4,000 in incentives and the price is only $39,300, no, your mother is being ripped off. She is only saving $1,000 in a 2 year old used car:
http://www.lexus.ca/lexus/en/configure-price/es

+3

Jul 31st, 2017 11:06 pm

#9

er34er34: Deal Fanatic; May 4, 2014; 5170 posts; 6962 upvotes; Toronto, ON

Jul 31st, 2017 11:06 pm

carztoronto wrote: ↑ Considering a brand new Lexus ES350 has $4,000 in incentives and the price is only $39,300, no, your mother is being ripped off. She is only saving $1,000 in a 2 year old used car:
http://www.lexus.ca/lexus/en/configure-price/es

Not saying OP got a good deal but you are quoting the price of a base model new ES. That's not a base model.

Jul 31st, 2017 11:23 pm

#10

MP3_SKY: Deal Guru; Jul 12, 2003; 12353 posts; 4866 upvotes; Toronto

Jul 31st, 2017 11:23 pm

A lot of Seniors doesn't care about the few hundreds dollars off or what not.
They have the money and just want to get it done with. They wouldn't go get headache to deal with different salesperson for the ultimate best deal.

They deal with the one that give them the best service, listen to them, smile to them and help them to make things easier.

Some would say why don't she buy a brand new if she has the money. Senior's thinking is probably like I'm not a big daily commuter, why I spend the extra to get a brand new car. The one sitting at the lot is clean, low km, that's my thing. Take my driver license and my cheque for your deposit young guy,

OP, she already bought it, there is not much you can do. Let her enjoy her new ride.

Retired Forum Moderator February 2009 - June 2015

+3

Jul 31st, 2017 11:26 pm

#11

Cheapo-Findo: Deal Expert; Mar 9, 2007; 15098 posts; 11832 upvotes; Think of the Childre…

Jul 31st, 2017 11:26 pm

Whats done is done......move on with your life and stop worrying over something you can't control anymore since the papers are signed.

WOULD SOMEBODY THINK OF THE CHILDREN!!!

+2

Jul 31st, 2017 11:38 pm

#12

JAGpilot: Deal Addict; Jun 22, 2006; 4170 posts; 179 upvotes; North York

Jul 31st, 2017 11:38 pm

carztoronto wrote: ↑ Considering a brand new Lexus ES350 has $4,000 in incentives and the price is only $39,300, no, your mother is being ripped off. She is only saving $1,000 in a 2 year old used car:
http://www.lexus.ca/lexus/en/configure-price/es

The $39,300 one is probably the lowest trim model (which for a Lexus isn't the same as a Camry but it's still not going to have things like back-up sensors, navigation, power steering wheel, etc). The one the OP posted is the Navigation model which in 2016 was most likely $45K+. The price the dealer is selling it for isn't abnormally high for a 2016 with low mileage and 1 package below the fully loaded model.

If you drive dangerously I hope you get caught and lose your license/car/dignity!

Jul 31st, 2017 11:53 pm

#13

carztoronto: Member; May 7, 2016; 483 posts; 417 upvotes

Jul 31st, 2017 11:53 pm

In the ad OP posted it says it was $42k brand new, and that is the price of the base ES350. It is a terrible deal!

Jul 31st, 2017 11:57 pm

#14

JAGpilot: Deal Addict; Jun 22, 2006; 4170 posts; 179 upvotes; North York

Jul 31st, 2017 11:57 pm

carztoronto wrote: ↑ In the ad OP posted it says it was $42k brand new, and that is the price of the base ES350. It is a terrible deal!

They said it was $42K, now it's $37K.

If you drive dangerously I hope you get caught and lose your license/car/dignity!

+2

Aug 1st, 2017 12:12 am

#15

Crixus45: Banned; Feb 8, 2017; 186 posts; 135 upvotes

Aug 1st, 2017 12:12 am

Car choice is good but you can never trust Car salesman. Bunch of greedy money hungry people who only cares about maximum comission. Your suppose to give them hard time and be an a## . Id get up and leave if im not getting good deal. Just spend time with salesman first, waste his freaking time, make sure he knows you are a serious buyer and if he still has attitudes, just leave if you did not get a good deal at least you wasted his time

#die for a dollar life ain't sweet

Aug 1st, 2017 1:02 pm

#16

koffey: Deal Expert; Oct 6, 2010; 15508 posts; 10156 upvotes; Toronto

Aug 1st, 2017 1:02 pm

Lemme guess.

Don Valley Lexus
Mom is 70+

DYI difficulty scale:
0-joke
10-no joke

Aug 1st, 2017 1:05 pm

#17

booblehead: Deal Expert; Jul 30, 2007; 32080 posts; 19297 upvotes; Toronto

Aug 1st, 2017 1:05 pm

Aug 1st, 2017 1:06 pm

#18

pinkdonut: Sr. Member; Aug 18, 2014; 602 posts; 383 upvotes; Markham, ON

Aug 1st, 2017 1:06 pm

seems almost counter intuitive...but after many years, I found that people who make quick, happy decision and overpaid for something they like are often happier than those who penny pinching trying to squeak the best deal possible with everything they buy.

You mom is happy and already signed the contract. As long as the car is not a lemon and just let her enjoy the car in peace.
Making her feel uncomfortable and questioning her decision is not even worth whatever $1-$2K she could've saved.

+5

Aug 1st, 2017 1:08 pm

#19

conjurer [OP]: Jr. Member; Jan 24, 2007; 139 posts; 15 upvotes

Aug 1st, 2017 1:08 pm

pink donut, I think that is damn great advice...was never my intention to make her feel uncomfortable, just want to make sure she wasn't getting hosed. Sounds like it may not be the best deal in the world, but I am happy that it seems its not totally unreasonable. Thanks to you all!

Aug 1st, 2017 2:00 pm

#20

peteryorkuca: Deal Fanatic; Jul 26, 2007; 6788 posts; 4358 upvotes; Toronto

Aug 1st, 2017 2:00 pm

pinkdonut wrote: ↑ seems almost counter intuitive...but after many years, I found that people who make quick, happy decision and overpaid for something they like are often happier than those who penny pinching trying to squeak the best deal possible with everything they buy...

That doesn't always work because there is always one person who will ask about the deal like their friends and family, in this case the son and ruin the moment for her should she paid too much and the other person knows more about cars and prices then the ignorant.