Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Lexus SC 430 Prices Paid and Buying Experience

Kirstie_HKirstie_H Posts: 10,830
Share your shopping and buying experiences here!

kirstie_h
Roving Host
Host, Future Vehicles & Smart Shopper discussions

MODERATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews

«1

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi everyone. Please use the following discussion to post any questions that you have about leasing a Lexus SC 430. Thanks.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • jack46jack46 Posts: 8
    I'm thinking of buying a used 02/03. To get the best deal should I wait until Sept/Oct.? Does anyone know if the 07 model will be redesigned?? Thanks...
  • gokadengokaden Posts: 28
    Hi,

    I'm looking at buying a 2002 or 2003 CPO sc 430, and the KBB trade-in and retail values for this vehicle differs about $10K.

    Therefore, should I expect to pay toward the high or low end of this range for this particular vehicle? I think this is heavily based on the popularity of the vehicle.

    Any thoughts would help.
  • bsedrishbsedrish Posts: 26
    Just started looking into the SC. What are people seeing on lease rates for 15k miles, no money down, and no more than a 36 month lease?

    What is typical for:

    1. MF
    2. residual percentage
    3. percentage off of MSRP
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you are looking for, bsedrish. If you were to lease a 2006 Lexus SC 430 through Lexus Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00255 and 52%, respectively. This is LFS' standard lease money factor for consumers who qualify for its Tier 1+ credit tier. I believe that it varies slightly depending upon what part of the country one is in. I'm not personally all that familiar with how much this car is selling for right now.

    Car_man
    Host
    Prices Paid Forums
  • apexncapexnc Posts: 3
    The best time to buy an SC430 is dead of winter. If you live in the south, then the summer is also good, i.e. it is no fun to drive with the top down when it's 95 degrees. Spring and fall are the worst times to buy.
  • scoop4scoop4 Posts: 40
    I am looking at getting an 03 SC430. I can get a CP from a Lexus dealer for $45K with 17K miles or an 03 for $35K with 55K miles from a non Lexus dealer. This car is scheduled to be inspected by a Lexus dealer. The car looks excellent. Any thoughts on which is the better buy?
  • scoop4scoop4 Posts: 40
    Do you feel there is a major benefit here in New England in waiting to buy a used 2003 SC430 early next year rather than now due to the additional depreciation?
  • addiaddi Posts: 33
    Car_man, Howdy,

    Most of the 2003 SC430's sell for $35.0m to $41.0m.
    I am considering a lease which would be for 36 months with
    12.0m miles per year.

    Could you give me the Tier 1+ Buy Rate and Residual for this
    car from LFS?

    When you get the opportunity, I would as always appreciate
    your info. Take care. Addi.
  • Howdy addi. Unfortunately, I do not personally keep tabs on the lease programs for used vehicles. The main reasons why I don't is that leases of used vehicles are much less popular than they are on new vehicles and the lease programs for used vehicles have even more variables than new vehicle lease programs so there is more data to keep an eye on. Sorry that I could not be of more help.

    Car_man
    Host
    Prices Paid Forum
  • addiaddi Posts: 33
    Car_man (Host) Hello again.

    Thanks for getting back to me concerning the above. If I decide not to go with a used SC430, I will come back to you for further lease information.

    As always, I appreciate your efforts and information.

    Addi.
  • No problem, Addi. Talk to you soon.

    Car_man
    Host
    Prices Paid Forum
  • I am considering leasing. I have looked at a Lexus 1pay lease. Can you advise me on the pros/cons of this and approx what the 1pay should be on 36 months?
  • The first quote we received for an 2007 SC 430 was $61,800, approx $5,000 off sticker price. The lease quote was for $1,022, 15k miles and residual of $36,964. A second dealer told us before we even ask for a price that they were starting $4,000 below sticker.This is lower than what Edmunds and Kellys are quoting as true market value for the car. Any thoughts on why they seem so interested in dealing on this model?
  • rcf8000rcf8000 Posts: 619
    My experience is that it is almost always possible to buy any new car at a price below kbb and edmunds numbers.
  • rcf8000rcf8000 Posts: 619
    I see where SC430 sales in December down 39% from a year ago. (Well, this is better than SL sales, which are down 50% from a year ago.) I think this explains why dealers are anxious to deal on them. They probably have a factory incentive on them.
  • Hi dallexus. Even though they are getting all of the money for your lease in advance, banks that offer One Pay leases, aka Advance Pay leases, still charge interest. They do usually provide a reduction in the interest rate that is used to calculate the cost of the lease though. Specifically, Lexus Financial Services reduces vehicles' money factors by .00100 for consumers who pay for their entire lease in advance. Unfortunately, Lexus is not currently providing any sort of lease support on the 2007 SC 430 right now. If you were to lease one through Lexus Financial Services, you would have to use its standard lease program. Its buy rate standard lease money factor varies slightly by region, but it should currently be around .00275 for consumers who qualify for its top credit tier. If you pay for your entire lease in advance, this factor would drop to .00175. I would be happy to estimate what the cost of a One Pay lease on this car would cost right now, but in order for me to do so I need some additional information from you first. This information includes this car's full MSRP, its approximate selling price, and how many miles per year you need to be able to drive it. Let me know and I'll crunch some numbers for you.

    Car_man
    Host
    Prices Paid Forum
  • glhglh Posts: 3
    Where is this? I'm having trouble finding one. Does anybody know if they will discount if you order?
  • glhglh Posts: 3
    I am looking into buying/leasing a 2007 SC430. The MSRP would be $67,735. I would do a 36 month, 12k miles lease. In order to get the car I want they will probably have to order it. Will that impact the pricing?

    How can I calculate the advantage of leasing over buying?
    Thanks!!
  • Hi glh. While technically there is no additional charge for ordering a new vehicle, dealers are usually more willing to provide attractive prices on vehicles that they already have in inventory than on ordered ones. There are two main reasons for this. The first is that dealers are constantly paying "floorplan" interest on the vehicles that they have in stock. The sooner they sell them, the sooner they can stop paying interest on them. The second reason is the old saying "a bird in hand is worth two in the bush." A lot can happen to ruin a deal between the time that a consumer orders it and they physically take delivery of it. Dealers would rather finalize deals immediately than rusk losing a deal.

    Lexus is not currently providing any sort of lease support on the SC 430. As a result, if you were to lease one through Lexus Financial Services right now you would have to use its standard lease program. Its buy rate standard lease money factor usually varies slightly by region, but it should be around .00275 for consumers who qualify for its "Tier 1+" credit tier. This is equivalent to an interest rate of around 6.6%. Furthermore, LFS' residual values for the '07 SC 430 are decent, but nothing to write home about. There's nothing wrong with leasing this car, but the program that is available on it right now is not attractive enough to push one in that direction.

    Car_man
    Host
    Prices Paid Forum
  • jlettie2jlettie2 Posts: 14
    I was interested in 2005 430. The car had low milage. The dealer wanted $48,900 for the vehicle. I asked the dealer to drop the certified warranty price. We can start talking at $46,000. The dealer stated you must buy the car with the certified warranty. I asked why? The vehicle still has over 2 years of the factory warranty and vehicle only has 7,000 miles. I stated nobody can force a customer to buy a warranty if they do not want it. I really believe that these vehicles are not inspected as they claim. I know a neighbor who purchased a 430, the breaks were sweaking. H e put it on a lift there was less than a 1/16 remaining on all the pads. I would say buyer beware on the certified warranties. You are paying for the original warranty.
  • manlymanly Posts: 14
    I live in Los Angeles area and plan to purchase the 2007 SC430 (Pebble Beach edition) in the next couple weeks. I am a lousy negotiator. Would anyone share your purchase price, experience and recommend a Lexus dealer where you have purchased? I plan to offer 2% over invoice price. Would that work ???

    Thanks for sharing.
  • jlettie2jlettie2 Posts: 14
    The Sc430's are not selling that well due the price of gas and customers hate the runflats. We have one dealer who has 15 in stock and has only sold 1 SC430 since March.
  • gordogordo Posts: 6
    I'm looking to buy a 1992 SC400 from a private seller. The vehicle is good to excellent condition with 112,000 miles. Normal wear of leather seat on driver's side. Owner said it was rear ended a few years ago, but was completely restored. Looks great with a very nice exterior/interior. Options include the moonroof, rear spoiler, 12 disc CD changer with premium sound system. Asking price is $7895. When I compute the price on Edmunds TMV, I get $4372 Private Party and $5891 Retail (including regional and mileage adjustment). KBB has it listed as $6195 "Good" and $6755 "Excellent." Question to you all is why the big difference in TMV vs. KBB? And what do you think would be a fair market price for this vehicle? I think the owner has it priced too high. Wanted your input before I make an offer. Thanks!
  • kyfdxkyfdx Posts: 27,881
    Hi, gordo..

    We have a couple of discussions where you might have a better chance of getting an answer from a professional.

    Real-World Trade-In Values

    What's my classic worth?

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • den6den6 Posts: 1
    The dealers in my area only have one if you are lucky. Do they have the pebble beach model every year? How can I find what I want?? Frustrated...
  • rlejr66rlejr66 Posts: 44
    Hello members. I picked up a pre-owned 2006 SC430 in Smokey Granite Mica on Friday. Will be the Mrs. ride (although she has let me drive some) ;) . Replaced a 2005 GX470. She is extremely happy. Not even sure she is aware of the harsh ride she gets with the run-flats. I'll have to keep everyone posted.
  • Car man! What does .00255 mean? I understand the 52%. If car's price is 65,000, how do they figure the lease payment? This leasing is all new to me. Thanks in advance.
  • kyfdxkyfdx Posts: 27,881

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hey bslusher. The articles that kyfdx directed you should answer most of the questions that you have about leasing. .00255 is this car's money factor. Most banks use money factors instead of interest rates to calculate the interest portion of lease payments. You can convert money factors into approximate money factor equivalents to see how good they are by multiplying them by 2400. So, a money factor of .00255 would be equal to an interest rate of around 6.12%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
«1
Sign In or Register to comment.