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Discussion Starter #1
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=379923086 http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=379923086 http://cgi.ebay.com/ebaymotors/aw-cgi/eBayISAPI.dll?ViewItem&item=379693071

this guy has deposits on several IS300s at a Lexus dealer in Raleigh, North Carolina, and he is selling the right to take delivey of the vehicles, first of all, is this legal? (dunno) second, is this ethical? (dunno)third, is this a smart thing for people to bud on? (most likely, NO) this is how it works, according to this guys item description;
if you win, you pay him whatever the winning bid was, plus one thousand dollars, and then you pay the dealer the MSRP of the car minus the thousand dollar deposit. so lets say your winning bid was $5000, you pay him $6000 ($5000+$1000 deposit) AND then you pay the dealer MSRP (one of them is at $34,596, so lets use that as an example)
your total will be your $5000 bid + $1000 (goes toward MSRP) Deposit + $33596 bringing it to $39596, now if that includes taxes, finances, registrations and other bs fees its still seems high compared to what i paid for a fully loaded spectra blue mica which was $37929. now i know the taxes and registration vary form state to state but by $2000? now if this doesn't include the licensing and tax fees then its a bigger rip off! I know these cars are new, but they aren't as hard to find as one might believe, there are several at my local dealers and i don't think there would be a run for them in North Carolina either...even if the dealer had a huge waiting list, most of those on them would drop out for one reason or another...i do realize these are the "higher demand" colors (yello, silver and graphite) but paying anything above the MSRP (which is already $4000 something above invoice) sounds hella stupid, especially since these cars aren't a limited run and the guy who has the deposits is DEFINATELY not going to buy all these cars so when he does back out, these cars will probably be at the showroom waiting for a serious buyer to come along...at MSRP too... makes you think...do these bidders realize what they are doing?
 

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I emailed the two high bidders to ask them what they think they're doing. While it's clear in the description that you are buying the "right-to-buy" the car, I can only hope they think they are bidding on the car itself...


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Tony
'01 Spectra Blue
 

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Damn, I should have sold all of the deposits I had down for the IS300. Alas, I am not scum so I didn't do it. This reminds me of people selling waitlist positions on the M5. Some people made around $30,000 just for a waitlist position. Jeez...
 

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Man this is sad. One of the bids is up to $10,000 already. I think that person must be thinking he's bidding on the car. It really looks like it if you don't read the description carefully.

Sigh...

Jimmy
'95 325i
 

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Hey, notice the high bidder for all 3 auctions is the same guy w/ no prior feekback. He/she is either a novice that has mistaken the auction or someone pulling the auctioner's chain.
 

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It just amazes me how stupid people can get. The freaking description specifically and in caps says that you are paying only for the right to take delivery of a car. Those idiots bidding $10000 on this should just take the money and get a GS300 or better yet- to get a new goddamn brain

[This message has been edited by Lost_soul (edited July 12, 2000).]
 

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Not only that but if you look at the bid history, every person that has placed a bit has no prior feedback (except for the one person with one negative feedback).

Sigh... I hope the auction gets cancelled.

Originally posted by Benster:
Hey, notice the high bidder for all 3 auctions is the same guy w/ no prior feekback. He/she is either a novice that has mistaken the auction or someone pulling the auctioner's chain.
 

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Well if anyone is in North Carolina looking to get an IS300, they should call Dave Reed at Flow Lexus (http://www.flowlexus.com)and tell him that Reggie from Cisco sent you. They have inventory and the Raleigh dealership, Johnson Lexus, still has a waiting list.
 

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Discussion Starter #9
I emailed the seller and asked him if tax and stuff was included, i asked him if my understanding was correc and heres what he said, "...You will pay the winning bid amound plus one thousand for deposit on the car. Then you would pay $33,635 in order to purchase or lease the car from the dealer, which ever you may choose. You are responsible for your own taxes, title, and license..."
so that person who has the 12,000+ bid will pay that $12,000+ and then 1000 and then MSRP of the car (minus the 1000 deposit) plus taxes fees and registration, what a scam!
 
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