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Discussion Starter #1
Considering 2004 XLR

Reading this forum I noted that when GM was doing the "You pay what we pay" promotion (summer 2005) the advertised discounted price for a NEW 2005 car was about $68000.

This dealer wants $60000 for a used 2004 XLR.
That doesn't make much sense.

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Owning one 2004 XLR with 18,000 miles I would be offered about $4.5K to $5K, looks like he wants about $10K profit to me.
 

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Dealer should be happy to get 52-54K for an 04 with 10-15K miles. Check the prices on E-Bay or check the regional auction prices. The volume of these is too low to be able to go with something like Kelly Blue Book.
 

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Jetboyphx said:
Dealer should be happy to get 52-54K for an 04 with 10-15K miles. Check the prices on E-Bay or check the regional auction prices. The volume of these is too low to be able to go with something like Kelly Blue Book.
I agree with this number based on the true numbers which are at the Manhiem auto auction. These are hard dollar numbers that the dealers are able to buy these cars wholesale. These numbers are based on sales with in the last 2-3 weeks and even with this car a volume of around 30-50 sales nationwide.
 

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Discussion Starter #5
Wow, thanks.

So you are saying, if I paid $52 for a 2004 with low miles (~8k) I would be paying a reasonable price but not a great price.

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Jetboyphx said:
Dealer should be happy to get 52-54K for an 04 with 10-15K miles. Check the prices on E-Bay or check the regional auction prices. The volume of these is too low to be able to go with something like Kelly Blue Book.

When i got my V I was able to sell my 04 XLR for 59K. It had 9K miles on it.
 

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rick1827 said:
When i got my V I was able to sell my 04 XLR for 59K. It had 9K miles on it.
That is a great price, congrats. That is what Kelly Blue Book wholesale was running in February. Auction prices were $12,000 or more under that. If that was a dealer trade somebody probably got yelled at for being lazy when pricing the trade. Dealers should have online access to Manheim and should always check both on low volume cars. GM must have done a bunch of one and two year prepaid leases on these.
 

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Discussion Starter #11
TRYING TO BUY AN XLR

The dealer is asserting that because it is Cadillac Certified the price is automatically $3,500 higher as that covers the extended manufacturer's warranty. Is this bogus?


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Discussion Starter #13
RE: "The "certification" costs them less than 2k if I remember."

Should I offer 2K more because it is "certified"?

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2004 worth every penny

No matter what you pay for your 2004 XLR, everywhere you go people will say, "Wow! what a car! How much did it cost?" I have learned to just say, oh around $100,000 and they will all believe me. So, no matter what you pay, you will have fun showing it off and people love to ask you all about it. That's worth at least $70,000.
 

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standby said:
Talk to BIll (uspstate), he bought a used 04 with an extended warranty.
I was told the GM certified, which is full factory warrenty to 100K or 6 years from original start date costs the dealer $1500. There was a misunderstanding with the dealer at delivery so I paid half or $750 for that coverage. I never buy extended warrenties because they are a rip off until now I don't keep cars over a year. I figured with this car it would enhance its trade in value at least $750 and if I decided to keep the car I would never want to own it outside of warrenty. Its been reliable but it is packed with electronics and cutting edge stuff.
 

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standby said:
That's a nice price, was it to a dealer or a unknown buyer?

A doctor friend of mine always liked the car. He offered a deal I could not turn down. Basically he gave my lazy, good for nothing, sister a job in his practice and I agreed to let him pay me for the car on 36 equal payments with no interest.
 

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Discussion Starter #19
RE: "GM certified, which is full factory warrenty to 100K or 6 years from original start date"

It's a 2004 Model - if it was originally purchased in 2003 then there is only three years remaining on the warrenty. I'l add $2000 to my original offer but they don't seem to want to sell the car at a competitive price. If they don't drop in price, I might have to walk away and buy something else (maybe new SLK or something).

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freebird said:
RE: "GM certified, which is full factory warrenty to 100K or 6 years from original start date"

It's a 2004 Model - if it was originally purchased in 2003 then there is only three years remaining on the warrenty. I'l add $2000 to my original offer but they don't seem to want to sell the car at a competitive price. If they don't drop in price, I might have to walk away and buy something else (maybe new SLK or something).

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Hi freebird, 60 K for an 2004 is to much, you should be able to get an 04 for about 50 K or an 05 in the mid 50 range.
The slk is a different class of car, what about a Vette?

I´ve owned 3 C 5s and loved each one of them very much but my XLR seems to be the rich uncle of my Vette`s.:cheers

Harry (from Germany)



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