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Lexus ES 300/ES 330 Prices Paid and Buying Experience

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome Jay. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    As far as the specific lease that you are interested in goes, you never mentioned the selling price of the car that you are interested in. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    The dealer that you are working with does not have the authority to negotiate your vehicles' lease-end purchase price. This number is between you and the bank that you are leasing through. More often than not, consumers are not able to negotiate the end of term purchase prices of leased vehicles. The consumers who are successful in doing so place a call directly to the bank that they are leasing through a month or two before the scheduled end of their leases and to see if they can get a price break.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi MartinR. Vehicles' money factors are and are not negotiable. I say this because dealers do not have the authority to lower banks' published factors. So if Lexus Financial Services' "buy rate" for this car is being used to calculate its lease payment, that's as good as its going to get. Having said this, dealers do have the authority to mark-up vehicles' money factors to add additional hidden back-end profit to deals. It appears as though that is what is happening with the car that you are interested in. I believe that LFS' buy rate standard money factor varies a little depending upon what part of the country one is in, but the buy rate for the car that you are considering should be more around .00255 if you qualify for Lexus' top credit tier. Make sure to insist that the dealer you are working with uses the buy rate to calculate your car's monthly payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi robertw477. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • roachbuggroachbugg Posts: 15
    Hello all,

    I write because I have a question about an offer made on an ES330. A dealer has emailed me about a 2006 ES330 Black Diamond with NAV for 32,880. Does that seem like a good price? The car has about 4,300 miles on it. Sounds good to me- but I want to be sure. Any input would be helpful. Thanks :)
  • A new 2006 es 330 costs about 31,000 in one of a recent book I came across so with navigation the price sounds right but negotiate it down a bit
  • ljk1000ljk1000 Posts: 10
    I sold my black diamond with 5000 miles on it in the newspaper for $32,000. I wanted the ES 350. The Lexus dealer offered me $28,500 for it in May, after I had just paid $34,200 in Feb. So, if I were you, I would assume that they have less than $29,000 in it, and I would negotiate down. $32,800 sounds too much.

    The black diamond is a beautiful car. The ES350 is even more so.
  • How far below invoice should I expect to pay?
  • This build includes Ultra pkg, NAV/Mark Levinson & Parking Assist. Invoice $38,963, MSRP $44,288. What's a really good deal currently in DC/VA/MD area?
  • I inherited a 1996 ES 300 with less than 40,000 two years ago. Since then the car has needed a starter, an axle, and a replacement sun roof. The driver's seat leather seam burst open and the cushion stuffing is coming out. The passenger seatbelt had to be replaced. Then, last week the transmission broke on the interstate. Contacted Lexus corporate customer service and it sounded like Lexus might entertain a repair after taking a look at the car. Any similiar experiences with Lexus or this model/year? :confuse: Thankx.
  • I am being offered a Certified Used Lexus 2003 ES300 for $24K in the CT area. It has everything except for the Mark Levinson stereo and the NAV system. It has 25,000 miles. It comes with 3 yr./100K warranty, but they want to add 2 additional years for $1200. I have two questions. Is the price reasonable and can you negoitate on the add-on warranty. I would be willing to pay more like $600.

    Thanks
  • Never leased a car before and I am thinking of "trading" in a 2004 Acura TL (navi) for either an ES350 or an RX350. Question is - all the posts I read seem to be from people who put the minimum down payment. Is it a bad move to trade in when leasing as opposed to financing a car? Also what can I expect off MSRP? I'm in New Jersey. Looking at Premium Plus Package for both models. Thanks.
  • Hi beltelmel. There's nothing wrong with trading in your existing car when leasing a new one. Just have the dealer that you are working with cut you a check for any equity that you have in your car rather than using the proceeds from it a s a down payment on your lease. You should be able to get an idea of how much you will have to pay to get this car right now by visiting the following discussion: "Lexus ES 350: Prices Paid & Buying Experience".

    Car_man
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    Prices Paid Forum
  • amptampt Posts: 1
    I can buy at one of the "no haggle" dealers a 2002 Lexus ES300 with 28K miles, no manufacturer's warranty and only a 90 day/3K mile warranty from them. They want $20,500 for the car. How does this sound? I fell in love with the car and feel like I'll never see one in this price again.
  • carteachcarteach Posts: 179
    I can't find a way to start a new thread; so I'm doing it here. Anyone drive both the Acura TL and the Lexus 330? Have an opinion about them? Are there any new 330s left or will I have to buy the 350?
  • riki1riki1 Posts: 5
    Anybody bought lately in the Va/DC/MD area, how much below MSRP you are getting ?
  • Darn near ran out of gas last night in the ES330. The only low fuel warning was a small yellow light in the gas gauge!

    I've probably not been noticing the small light when driving in the daytime.

    Is there any way to make the car beep or something? I have been depending on my old car's several-second beep if you start it with low fuel.

    The ES 330 is a great car, but given all the electronics in it, that seems tacky. Maybe the previous owner shut some setting off, but I couldn't find anything besides the light mentioned in the manual.

    Thanks for any suggestions.
  • I am trying to reach "paguy2" because of a 2005 post on his 02 Odyssey - did you every solve the problem with the panic alarm going off while trying to recharge the battery? I am having the same problem and am trying to find out if I need to take it somewhere or if I can reset it myself.
  • I am about to start the process for a new ES 330 or a Cadillac CTS in Orlando. Can anyone share recent experience with Lexus of Orlando or Massey Cadillac? Am I better going to Lexus of Mellbourne? Has that dealership changed much since it was sold? I would like to know what I am in for when I approach them.

    Thanks!
  • Hi Car-man, Great forum. Would you happen to know the Feb 2007 residuals and MFs for the Lexus RX 330? Thanks a lot for you help
  • strstr Posts: 64
    I am sure that Elmer3 is not still looking for a good dealer in Florida but if anyone wants a nice used luxury car in the Tampa Bay area try Bert Smith in St. Petersburg, great selection, very nice cars.
  • Thanks be02939. This particular discussion is for consumers to ask questions about leasing a Lexus ES 330, which I do not believe that it is providing lease support on any longer. Are you interested in leasing an RX 350? Lexus is running a special lease on it. Please post any questions that you have on leasing one in the following discussion: "Lexus RX 330 / RX 350 / RX 400h: Lease Questions". Thanks.

    Car_man
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    Prices Paid Forum
  • I got a quote of $1615 + tax for a 7yr/100k warranty on my 2006 ES330. I think it is a reasonable quote. Has anyone bought a cheaper extended warranty for a similar make and model? Appreciate your help! Thank you!
  • mio999mio999 Posts: 1
    Price opinions apprecicated In Los Angeles I am selling my deceased parents 95 Lexus ES300 with 25,000 miles, black with chrome wheels,sunroof, CD Player, gold package. I had the fluids changed regulary and the car has had no accidents only minor fender dings. Any suggestions as to a fair price on this low mileage example would be appreciated.
  • telman1telman1 Posts: 4
    Just started looking for ES350 base w/Nav $41,822 MSRP. Have been quoted $37,122 cap (Seems too high), $2000 down, 15K-3x
    drive off 550.65 plus OC tax= 593.33...do not have the time or patience to deal with all the dealership drama.. What is the right lease price, anyone have a pleasant experience in Orange County, CA
  • I purchased ES300 from non lexus dealer for 19K with 55K miles in WA.
  • joeg1joeg1 Posts: 17
    I have a 2004 Lexus RX330 AWD with Navigation and am coming to the end of my lease. The vehicle has 73,500 miles on a lease which only allowed 39,000 miles. This will result in $8,625 mileage penalty. The buy-out is $23,900.

    Since I am so far over on the mileage is my best choice simply to purchase the vehicle at the buy-out price? Is there are negotiating on the buy-out price or the mileage penalty?

    Thanks for the help.
  • Hi All,

    I just purchased an IS 250.

    I think I got a good deal on the car except for the 'Tires for life program' that I purchased with it. I researched on everything else before buying this car but I made a mistake on knowing nothing about the Tires for life program.

    Anyway, does anyone know if Lexus dealerships would give me a refund on this.
    I bought it for $1,900 and I really think its not worth it. I had my car for three weeks now. I know if you purchased an extended warranty you have 60 days to decide and they will refund you if you choose not to continue with it.

    So please does anyone know and had an experience on this??? :confuse:

    Thank you.
  • ES330 about 14K mile sellling for $23800 is it a good price?
This discussion has been closed.