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Old 08-09-2020, 02:43 PM   #141
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A couple of days ago DH received an e-mail from our local Lexus dealer wanting to know if he wanted to sell them his 2017 Lexus. Unprecedented demand for used cars due to Covid, move from public to private transport and low interest rates.

Of course, lookie at these nice sparkling new Lexus' you could buy .
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Old 08-09-2020, 02:53 PM   #142
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Oh and the new cars for sale/lease were 2020 models, not 2021. In Costco the other day I was looking at their car offering and they were showcasing 2019 models!
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Old 08-09-2020, 03:08 PM   #143
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Just bought a new car on Friday. Pick it up tomorrow.

The crazy thing is we expected to put down a deposit, and pick it up after we moved the cash around to pay for it.

No problem. Just give us a check for the full amount and we will wait for up to a week to cash it. Could have taken the car that day, but wanted them to have the time to properly prep it without sitting there for 2 more hours.

I am sure they ran credit checks and all, but I could have driven away in a car secured by a check they knew would bounce if they deposited it that day.

Crazy?

BTW, I will have the funds in the proper account by Tuesday or Wednesday.
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Old 08-09-2020, 03:55 PM   #144
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Just bought a new car on Friday. Pick it up tomorrow.

The crazy thing is we expected to put down a deposit, and pick it up after we moved the cash around to pay for it.

No problem. Just give us a check for the full amount and we will wait for up to a week to cash it. Could have taken the car that day, but wanted them to have the time to properly prep it without sitting there for 2 more hours.

I am sure they ran credit checks and all, but I could have driven away in a car secured by a check they knew would bounce if they deposited it that day.

Crazy?

BTW, I will have the funds in the proper account by Tuesday or Wednesday.
5 years ago when we went new car shopping we purposely left the checkbook at home. We decided on a new Acura and told the salesman we'd be back tomorrow with the check. No, no, no. Here's the car; bring in the check in the next day or 2 . They did run credit checks.
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Old 08-09-2020, 04:09 PM   #145
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5 years ago when we went new car shopping we purposely left the checkbook at home. We decided on a new Acura and told the salesman we'd be back tomorrow with the check. No, no, no. Here's the car; bring in the check in the next day or 2 . They did run credit checks.
A sale is not a sale until you have their money! I am pretty sure sales folks are told to do whatever is necessary to avoid having a buying customer leave without the car.
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Old 08-09-2020, 04:21 PM   #146
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A sale is not a sale until you have their money! I am pretty sure sales folks are told to do whatever is necessary to avoid having a buying customer leave without the car.
DH and I just couldn't believe it though. We were trying to decide between 2 SUVs with the Acura having the better rear camera grids; the Lexus the better ride. We thought the decision would be harder and that we would want to sleep on it. We were quite annoyed with ourselves for not bringing the checkbook, but turned out not to be a problem. Otherwise we would be a 2 Lexus family!
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Old 08-09-2020, 04:26 PM   #147
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A sale is not a sale until you have their money! I am pretty sure sales folks are told to do whatever is necessary to avoid having a buying customer leave without the car.
Yeah, after I thought about it, if I leave a deposit check, I could always change my mind, put a stop payment on the check, and then not go go back.

If I did that with a full payment check, and have the title (which I do) then it would be criminal fraud. There may be a few who would do that, but not many.
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Old 08-09-2020, 05:46 PM   #148
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Another example of what's happening with used car prices...

Three months ago I did some online research looking at the trade-in value of my 2015 Buick. The same sites now show the value has increased by almost 30%. Crazy.

BTW, I sold it to my DD & SIL last week for $3,000 less than Carvana offered me. They have a kid in HS and two in college and took advantage of the REW family discount policy.

We are now down to a two car family (OK, an SUV and pickup family) for the first time in many years.
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