I'm buying an '04 LX-470 in Florida. The dealer cost is $56,307 and the sticker is $66,300. What do you think is a fair profit over the $56.3K dealer cost for this car?
'04 LX-470...How much over dealer cost?
Jan 23, 2004
9 Replies
2.5K
I'd offer $1.5K over and go from there. And not worry if its fair or not. If they agree to sell and you agree to buy, it's fair by definition.
- Mark
If I got it for $1.5K over cost, I think i'd be doing well. The MSRP on a loaded '04 LX-470 is $68K. The dealer cost is $59K. Fleetrates.com offered to get it for $63.9K (almost $5K over dealers cost!!!) saying "it's a hard to get car". S. FLA. car salesmen won't even give me a straight answer when I ask them to quote me their best price based on a fair profit over their cost ? and they wonder why they have the reputation. $5K over cost sounds outrageous.
If I got it for $1.5K over cost, I think i'd be doing well. The MSRP on a loaded '04 LX-470 is $68K. The dealer cost is $59K. Fleetrates.com offered to get it for $63.9K (almost $5K over dealers cost!!!) saying "it's a hard to get car". S. FLA. car salesmen won't even give me a straight answer when I ask them to quote me their best price based on a fair profit over their cost ? and they wonder why they have the reputation. $5K over cost sounds outrageous.
The price is based strictly on supply/demand, not what is "fair". They're going to charge what the market will bear and you're going to pay the smallest you can. Fairness never enters into it.
- Mark
An IS-300 for a sixteen year old? You're out of your cotton pickin' yuppie mind. Ask the Lexus people to reset the speed governor down to
80 mph and the rev limiter to 3,500 max.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required