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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