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Lexus LS 460 Prices Paid and Buying Experience

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Comments

  • Just wonder how much Lexus margins on these cars and how much Lexus is giving the dealerships to sell em under the current economic conditions... (I am sure the dealerships still are making money under invoice)
  • bmlexusbmlexus Posts: 755
    Hi, congratulations, How has the driving experience been so far, how comfortable are you with your car.

    Any issues, likes and dislikes?
  • It's pretty easy to figure out the dealer margins at this point. Build the car with options on one of the various websites that shows you both invoice and MSRP price. Factor in that Lexus (the company, not the dealers) is currently giving a $4000 rebate at the moment, AND that there is currently a Lexus dealer holdback of around $1200... So, there is basically $5200 to play with below invoice price at this juncture, although most dealers will not budge too much on the holdback.

    Between $2-3K below invoice is a great price, while still allowing some (fair) profit for the dealer. The economy is definitely playing a role, so get 'em while they're hot! One other factor for my purchase was there is little difference with the forthcoming 09 models, unless you are in hunt for a AWD model.
  • tom17tom17 Posts: 134
    I went to a Lexus event in Miami on Sunday and received a $750 coupon good for a discount on any 08/09 Lexus. Has anyone ever used one of these before? Does Lexus pony up the extra $750 for the dealer or does the dealer eat this? Obviously if Lexus adds the extra $750 it is a real discount. Otherwise if the dealer knew about it in advance, they would just reduce the discount to make up for it.

    Thanks.
  • tom17tom17 Posts: 134
    The September $4000 rebate is over. There are no incentives listed for Lexus here on Edmunds (yet). Does anyone know if Lexus continued the $4000 rebate or maybe increased it for October? Thanks.
  • gavrikgavrik Posts: 27
    $750 coupon is as good as cash. You can apply it towards down payment or reduce your 1st monthly payment. I negotiated my deal on Lexus, then presented the coupon to my salesguy and he simply applied it against the balance owed. The coupon amount is coming from Lexus HQ. If you have more than one, I suggest you talk to your dealer to see if you can apply more than one. I have seen coupons being offered on eBay for around $300. Still a good deal, you save $450 you did not have before.
  • im trying to get a good price on a 08 ls 460. trying to see if someone recently purchase one and could provide what they got it for and with what options thanks.
  • I unfortunately didn't end up buying the car, but was able to deal an 08 with comfort package (no navi) down to 51650. MSRP was 65K.
  • could you tell me which dealer gave you that deal thank for the fast reply
  • I live in Houston, and got the deal from a dealership in Dallas. If you are in the area, or want to deal with them PM me, and I can try to put you in touch with the salesperson I dealt with.

    If you don't live in the area, what I did was basically email each dealership I was willing to drive to. I told them all that I was asking for the best price and basically put them in a bidding war. I don't know if it always works, but it did for me this time.

    Again PM me if you need more specific info.

    For everyone else, the deals are obviously out there.
  • rgswrgsw Posts: 333
    Lexus of Albuquerque, NM had two Black on Black, 2008 LS460s left this past Sunday. They are loaded at $72K and $76K if memory serves me correctly. On Halloween, I purchased a white 2008 LS460 without Mark Levenson, but with Nav. MSRP was $68,700 and traded in a 2006 LS 430 with 15K miles. Good Luck on your quest.
  • can you email the info if you dont mind i dont know how to use pm here thank.

    danh4357@hotmail.com
  • xierxier Posts: 99
    I did not even know there was a 65K MSRP'd 460... lowest I have ever seen in CA is 69. Why did you end up not buying?

    Abq buyer - Albuquerque is such a tough market since there is litterly ZERO competition. I have purchased vehilces in ABQ in the past and its a PITA compared to regions that have some competition. What did you end up paying?

    Looks like the 4K rebate is still in effect - are folks buying at invoice - some rebate or?
  • rgswrgsw Posts: 333
    My deal was a trade-in (2006 LS 430) so I'm not able to tell how much I paid as a cash price. I gave them $12K per year as depreciation and added the difference in the invoice on the old car and the new car. Probably not a good or great deal, but with a trade in it's hard to figure what you really paid. I still believe the LS430 was a quieter car and perhaps more refined after several years of production on the same model. I have double paned glass on the driver and passenger sides. I still notice some road noise, more than the LS430 (in my opinion). The rear window has a reflection glare on it when driving away from the sun. I had tint put on the windows and that seems to cut down on the back window glare. I lost the storage drawers under the driver and passenger seats along with the little drawer in the dash below the CD changer. The ash tray is very small and not useful for anything when removed. The ash tray on the LS430 provided a storage bin when the ash tray was removed. The 8 speed tranny is taking a bit of getting used to, along with the lack of manual parking brake, all improvements that will pay dividends in the future. All in all, I'm beginning to like the new car more as I drive it more.
  • xierxier Posts: 99
    Thanks for sharing.... It seems like most 430 owners really like'D their 430 and it takes a bit to get used to the 460. I'm trying to decide if I want to go 08 -- or wait and get an 09 when our economy hits full "Depression" and my guess deals will be about the same as they are now once 08's are out of the system.
  • just got the 08 ls460 for 50500 no navi if anyone need input on pricing. got it at sterling mccall in houston tx
  • xierxier Posts: 99
    locdog - Great data point's -- Tha'ts very nice at 65K MSRP for 50,500 - 14.5 under MSRP is where I'm looking to be as well.

    Did you have a hard time getting this deal or was it straight forward? Did you purchase or Lease?

    Finally - Why no NAV? I have lots of experience with the Nav in the LS (its the same unit thats in the Sequoia) and I know its a POS so in reality I would probably not go for it in the LS - but wife wants the ML radio so we are stuck with NAV.
  • purchase it. deal was made real qiuck so i was thinging probably coulda got alil more off but i was satisfy with what i got it for. didnt need the navi but it did look better in the ride.
  • xierxier Posts: 99
    Quick is good - I plan to have everything pretty much set when I go to pick out my LS -- all I plan to do is finalize the color and write a check - hoping I can get it done in 2 hours but will see.
  • That's an awesome deal. I couldn't get them below 52 just last month. They are starting to feel the squeeze. I wonder how long this will go on for b/c I had to postpone my purchase.
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