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Negotiating a Pre-Order
Hi Everyone,
First off I'd just like to say how happy I am to be apart of this forum, and how happy that I am to be finally getting my 2013 Scion FR-S after two years of research and hard work to save up for a down payment on the car.
I'm posing this question to all of you, because this is my first time buying a car from a dealership and i don't want to fudge the deal up. I'll start off with a brief history of my journey before getting to the question...
So for the past several months, my intention of owing an FR-S has significantly increased which has led me to begin looking on classifieds such as Canadian Black Book, Auto Trader, Kijiji etc. for a used FR-S (would much rather buy used and save a few thousand dollars), in addition to looking at dealer inventories to see who has what on their lot. After much deliberation, I decided to just seek out the car through my local Toyota dealership, and have them find me a used FR-S as I feel I would receive much better service should the car ever need repairing from the dealer, if I bought the car from them.
For the past several months, I've spoken to a specific sales guy at my local Toyota dealership and let him know what I was looking for and if they could bring my car in. To much delight I found out it was possible. So last week I finally gave the green light to go ahead and begin looking for an FR-S that fits what I wanted and the next day, he called me and told me they had found one near Toronto and were willing to have it shipped up to the dealership ( I might add I'm from Northern Ontario). Now initially I had told him that I was looking for a car in the 23k-25k range so I was a bit surprised when he told me the dealer could get the car for 27.5k delivered, but I didn't say too much because I wanted them to get the car here first so I said go ahead and get it here.
The same day, I also went into the dealership and made a $1,000 deposit on the car (obviously so they know I'm serious) and I also went over the financing with one of the Finance Managers. So with this I indicated how much I wanted to put down ($10,000), my salary, etc. and they told me I was approved at a 4.99% rate at $300/month for the car(now keep in mind the price of the car has not changed at this point, they still are asking 27.5k) after a signed some paperwork so they could run my credit score.
So here's my question, given everything that i have already done, do you believe it is still possible to negotiate the price of the car? I have yet to see it here, it should be here in a week or 2, and have yet to test drive it, look it over etc. so I believe that I should still be able to negotiate the price for 1) if I don't like certain things about the vehicle and 2) because I had indicated that I wanted this car for a specific price.
**It is important to note that I did my homework on this car, and I know which dealership it came from, how much THAT dealership was asking for it (25.9k) and that the car was a trade-in and only had one owner...the car also has 13,000 km on it. I also found out the wholesale value of this car is around $20,000, but I also found out that the wholesale price of a brand new 2014 FR-S is the same price that the dealer is wanting to sell the 2013 to me for (27.5k).........hopefully all of this gives me a bit of ammunition when it comes down to negotiation (if this is possible)**
I don't want to get ripped off on this car as it is my first car purchase, in addition to the fact I am only 24 years old (25 later this year) so I don't want to be taken advantage of the fact I am young, and want this sports car.
I appreciate any help on this, to ensure my purchase goes as smoothly and as cheaply as possible, and I hope I have included any relevant info; I'll be sure to include anything i have missed. Thanks everyone!
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