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Lexus GS Prices Paid and Buying Experiences

Kirstie_HKirstie_H Posts: 10,824
edited February 22 in Lexus
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Comments

  • dpjdpj Posts: 16
    I am hoping there are some recent purchase or lease quotes in the Southern CA area for the GS300 with ML/Nav, etc. (the $50,209 MSRP) package. The best I have seen was $47,995 or $666 + tax and licensing with 0.0017 lease factor, $21,589 residual, $2,000 drive off, 15,000 miles/year and 48 months.

    Thanks!
  • cmd1cmd1 Posts: 2
    Recent purchase quotes I received in the Atlanta area for the GS300 Level 2 package with ML/NAV were $50,409.00. Needless to say I could not get any dealerships to go lower than MSRP in the Atlanta area. I then went to Automotive Experts of Stuart in Florida and received a purchase quote of $2500.00 off MSRP plus satellite radio install. They then delivered the vehicle to my residence for an additional $300.00. Hope this helps someone!

    2006 GS300 Level 2 ML/NAV
    Mercury Metallic/black interior
  • bartalk3bartalk3 Posts: 692
    Congratulations, but weren't there some risks with that purchase? What if the car was not equipped as you ordered, or a different color, or had several hundred miles on it, or damaged, etc? What protections do you have?
  • cmd1cmd1 Posts: 2
    A good friend who has purchased a couple of vehicles from this dealer recommended them to me. The individual I dealt with took my order with the specifications I wanted. In fact, once I placed my order with him and negotiated the price he was able to tell me the date the specified vehicle would arrived at the Jacksonville Port and when the vehicle would be ready for delivery. They guaranteed that the vehicle I ordered would be the vehicle I received. Of course I had the option of taking a flight to West Palm from Atlanta to inspect the vehicle before pickup but I opted to have the vehicle shipped. When the transport company brought the vehicle to my home I inspected the vehicle for damage and miles before I signed any paperwork. When I took possession of vehicle it had less than 35 miles on it. Total time between contacting this dealer and receipt of vehicle 10 days.
  • bartalk3bartalk3 Posts: 692
    Sounds good. Happy ending. They paid for shipping, I assume.

    How do you like the car, by the way? I assume it's RWD.
  • I haven't purchased my 2006 GS300 RWD yet, but the car I am considering is fully loaded, I went through the internet asking for quotes and then e-mailed the lowest quoting dealer to refine and clarify options, etc. I then ran my own calculations using a spreadsheet program I got on carbuyingtips.com which you can download for free (Copy the following then paste): http://www.carbuyingtips.com/car4.htm?x=0kqe_q_ufonxw1&y=Wed%252525252525252520Apr%2525252- 5252525252027%25252525252525252021%25252525252525253A41%25252525252525253A21%2525252525252- 525202005

    You can see why!!! Then I contacted the dealer and re negotiated for a better deal over the phony. Where you buy a car is not as important as how you buy a car. Do your homework, know their lingo, talk with authority, and don't let them try and snow you with fuzzy math, have a target price in mind (determined from the speadsheet), and be firm on price and flexible on options. Don't think invoice, think dealers cost!!!!
    There is a big difference!!! dealers cost = INVOICE minus the following [ 0.02 (MSRP) + (FACTORY INCENTIVES) + (FLOORPLAN FEES)] . All dealerships can make a profit on as little as 3% above their dealer cost. Use Kelly Blue Book to establish invoice and MSRP values. The free speadsheet I talked about will do all the calculations for you. My final price was $5000+ dollars under MSRP!!!!!!
    DONT' ASK ME TO TELL YOU WHO I CONTACTED. Just read what's on the internet page I gave you and GOOD LUCK.
  • samusamu Posts: 8
    I am looking for a new gs300 but the price seams a little high when compared to the price of the old gs. by anychance could anyone tell me what price they were offered for a gs. any help is appreciated. tahnks.
  • lexusjoelexusjoe Posts: 6
    Hello. Got my flint mica/black, rwd, no nav package for $42k + tax & lic about 3 weeks ago in the Los Angeles area. No trade in. Joe
  • bartalk3bartalk3 Posts: 692
    Joe,

    Congrats. I imagine you got miscellaneous options that they throw in like ventilated seats, run-flats, premium pack (basically mats!), etc. What dealer was it in L.A.?
  • otguyotguy Posts: 37
    Last week I made some calls to various SF Bay Area dealers from SJ to SAC for a 2006 GS 300 RWD level 2 (MSRP $50,209) - the one with NAV&ML. Quotes ranged from $46.5k to $48.2k. Driving by some dealers I have noticed increasing inventory at some dealers, especially Putnam in Pleasanton and Serramonte. I want to make a purchase, but am willing to wait a few months till I can get one for $45k ($2k over Consumer Reports Wholesale Price).

    I'd appreciate a post from anyone with more SF Bay Area pricing or inventory info. Also, does anyone have any Dealer Cost data for the Bay Area?

    Thanks in advance.

    otguy
  • lexusjoelexusjoe Posts: 6
    I got mine at South Bay Lexus. Most options except nav - run flats don't come on RWD model here. I see where they are coming in now with the parking assist package - it wasn't on when I purchased, but does add about $500 to MSRP price.
  • samusamu Posts: 8
    thanks lexusjoe for the help. i will be emailing the dealers shortly and posting my findings.
  • damienwgdamienwg Posts: 39
    You must mean 0.00270 Money Factor.

    I was under the impression that the lowest rate available for a GS leases is 0.00225. Someone please correct me if I'm wrong
  • damienwgdamienwg Posts: 39
    Kelley Blue Book shows invoice at 37752.
    Edmunds shows invoice at 36465.

    Why the discrepancy?
  • damienwgdamienwg Posts: 39
    Please start posting deal specifics: i.e. MSRP, options, negotiated price, cap cost, money down, money factor, junk fees, dealership (though you can't post the dealer's name), etc.

    The sticker for the base car is over $6000 more than the invoice ($42.9K vs. $36.5K). The only way we're all going to get good deals is if we start sharing information.

    So lets get this thing going!!!!
  • damienwgdamienwg Posts: 39
    I sent Kirstie a request to expand the forum from exclusively GS 300: Prices Paid & Buying Experience to GS 300/430: Prices Paid & Buying Experience.

    Hopefully, she has that cability and we'll be able to get more info through this forum.
  • kmg68kmg68 Posts: 108
    "Please start posting deal specifics: i.e. MSRP, options, negotiated price, cap cost, money down, money factor, junk fees, dealership (though you can't post the dealer's name), etc"

    FYI...you can name the Dealer just not specific names of salespeople that dealt with.
  • It looks like some of you are getting $2-3K under MSRP in the east/west coast. Would anyone in the Chicagoland area like to share their purchase prices? I'm interested in a black GS300 AWD w/NAV but no ML, but any trim would help. From what I've been told this color/option combo is hard to get. Also, how's the Costco prices like for these cars?
  • bartalk3bartalk3 Posts: 692
    You shouldn't have a problem getting AWD in Chicago; 85-90% of the 300s coming into the region are AWD. Check the Lexus website with your zip code to see whether they are coming in with NAV but w/o ML. I can't recall.

    Try McGrath Lexus in Westmont for price; let me know if they're flexible on price.
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