How much of a price reduction to expect for certified used Lexus at dealer?
Im looking at a "certified" used 2014 Lexus ct 200h with 25k miles, currently priced at $25,000. I am wondering whats a fair amount that i should expect to be deducted from the $25,000 "retail price" during negotiations. I will be paying $10k as down payment and would obviously like for the final price to be as far away from the 25k as possible.
Certified cars cost significantly more than other cars as you a essentially buying a warranty. The price you pay will have to be negotiated with the dealer directly.
F_O_R is right, retail price for the car is $23200, so they tack on a warranty and that is why they are asking $25K. It's a fairly new car, so not a lot of wiggle room, if you don't want to pay that much, you might think of another car or one with more miles. But my guess is you might be able to get them to drop the price a couple hundred.
Offer them $22,500 if you really want the car. It never hurts to make an offer.
It's a Lexus dealer? They don't want to drop a penny- they consider their cars gold- whether they are or not- you will be better off coming up with the cash and buying one from an individual- you could save $5-7 thousand- and know who was driving that car before you- don't have the cash? Could I interest you in a new Kia Optima?
Looking for a Used CT 200h in your area?
CarGurus has 1,395 nationwide CT 200h listings starting at $7,990.
Get More Money for Your CarBe seen by 20 million shoppers. Create Your Free Listing
Search Lexus CT 200h Questions
Lexus CT 200h Experts