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I am actually in the S.F. Bay Area as well. I guess that means the "Build you lexus" does acurrately reflect the availability of the "options'.
These cars depreciate about $5,000 the first year. Dealers normally offer trade in value, which is usually about 80% of the current retail price. Interest on a $40,000 loan at 7% is $2,800/yr. So, your minimum payment must be at least $7,800/12, or $650. The dealer is making a profit, so add another $100 or so per month. It could be a good deal, but I doubt that the dealer really has the customer as his first concern. The dealers make large margins on late model certifieds that are still in factory warranty. The dealer will take a good used car like yours and likely even sell it at or near the current NEW car price to unsavy prospects who don't do their homework.
Invoice: $39,385
MSRP: $44,146
Neg. Price: $39,750
Cap Cost: $39,750 + $595 (bank fee) = $40,345
Res. Value: $25,605
Term: 36 mos
Mileage: 12,000/year
MF: .00202
Sales tax: 8.25%
Payment: $587.44
Also got them to take my Audi, which had 5 payments left on the lease, as a trade-in, so I had no out-of-pocket.
thanks
Quotes I have received so far in North & South Carolina (can I do much better?):
New 2007 FWD - (black), no nav - $37,988+
New 2008 FWD - (black), nav - $42,111+
Used 2007 FWD - (bamboo), nav, 26k mi - $38,879+
Used 2007 FWD - (white), nav, 6k mi - $40,605+ (demo)
Used 2007 AWD - (flint), nav, 7k mi - $41,800+
New 2007 FWD (black/black) with no nav for 34,715 plus doc fee (399)and TT. If you need contact info please email me.
can you share any thoughts on that experience?
Leather-trimmed interior
Power tilt-and-telescopic steering column
Lexus Memory System to control power driver's seat (except lumbar), outside mirrors and steering wheel
Illuminated entry system
Power tilt-and-slide moonroof with one-touch open/close and sliding sunshade
Roof rack with rails
High-Intensity Discharge (HID) headlamps with auto leveling
Adaptive Front Lighting System (AFS)
The MSRP for the package was $2,960 (INV $2,368) but I received it after "The Lexus Golden Opportunity Sales Event" option price drops were announced on 7-26-06 at which time it became $2,060 (INV $1,648). Unfortunately some Lexus sales departments have a very bad cavalier attitude, including my local one; you need to find one that doesn't.
Pete
First time here and would like to know if I got a good deal or not as I never owned a new car before and dealing with car salespersons isn't the first thing on my list of things to experence before I die. That said I just purchased an 08 RX350 AWD white/pearl leather wood WITHOUT the NAV systems for $38400. Sticker was $43K . I am in N.Calif. So did I get screwed, a fair deal or a great deal. I used to have a 850t5 Volvo, old and it was paid for but my mech. was getting rich so I decided to buy a Lexus for the first time. Your feedback is welcomed.
Thanks
But, its an awesome car ... enjoy it.
Got my wife an 08, Performance plus package w/ XM, HID, heated seats, rain sensing wipers for $38000, OTD price of $41000 even. We saved exactly $4k off sticker.
I cannot say enough about the education I received on this site, and I saved a bundle.
Things I learned:
1. Dealing at the end of the month really makes a difference
2. The internet manager at the dealerships quickly quoted very good prices and did so rapidly because....
3. I shopped BOTH of the dealerships in town and the two seem to be fairly competitive.
I live in Dallas and we have both Sewell Lexus and Park Place Lexus in town and they both have two dealerships in the area so they have lots of inventory to draw from.
By the way, the document fee was only $50.00 (I have heard some Lexus dealers use this to make extra money at no cost)
email me at rinasaunce@hotmail.com and I will give you the name of my contacts. I ended up purchasing the car at Park Place Lexus in Plano as they had a 2007 in stock but Sewell made me a fantastic offer on a 2008.
I picked up the car yesterday and I could NOT be happier. Its fantastic, looks beautiful and the black exterior with the black interior is sharper than I would have ever imagined (this is the first black car I have ever owned). I am incredibly pleased so far.
The dealer promised the best money factor, either from the expiring special offer or from the next special offer.
My questions are: Was this a bait & switch? Why advertise at 11:30 pm for a deal that ends at midnight? Does Lexus Financial change their lease offers frequently? What should I expect to see in their next "special offer"?
Any dealer can get your monthly payment down to $100 a month if you give them a big enough down payment. Think about the math. If you give them enough money, you've just bought the car for cash.
Bottom, I'd say it's a bad deal, off the top of my head, but you need to give us more information.
We talked about MSDs (multiple security deposits) but that's not the answer.
My question is whether there are any good Lexus lease deals out there for RXs?
Couldn't find an 07' nearby.
I live near Dayton, Ohio I can drive a good distance if needed.
We have an 05 rx330 15,000 miles Thundercloud special edition with HID lts (no navigation). Excellent condition. Wife loves the SUV. What is the True Value? I have been on edmunds / KBB and another site to compare. Average of the 3 sites $32,000. 20 months old
Told the wife we would update every 2 years, 06 came fast and went, same with 07. Looking for a new 08 Silver with PP+ and Navigation. Price with trade in? Do you think $10,000 +T&T would be a good start not to exceed $10,500 and where do you think I could get a deal within a few hundred miles from Dayton?
It has been two weeks now since I have stopped at Lexus of Dayton to see about a trade in and the salesman has not called me back. Must not want the business.
Any input would be greatly appreciated.
Thanks
http://www.blackbookonline.com/consumer/
I always plugged in bogus info for the car I was searching for as to avoid spam. I hope this helps and good luck!
Thanks!
Exterior: Silver (may look at Bamboo Pearl)
Backup Camera
Heated seats/rain sensing wipers
18" Alloy Wheels
Has anyone had good experience buying RX350 in Atlanta? Any dealers you could recommend? Would appreciate any input!
Thanks!
From which dealer in Dallas did you buy your brand new 2007 Lexus RX 350? Please reply to trk123_us@yahoo.com
Thanks,
trk
It only make sense if they made the diffence on the Trade. or it was a lease and they made the diffrence in the rate.
or your trying to adv for cerritos and your blowing smoke!
That Deal doesnt make sense at this time.
Unfortunatley you never get an Excellent trade value for your Rx. most dealers will use karpower. a kbb dealer software. when they appriase the vehicle it would be around fair condition or less. if the car is really in good shape no dings no scratches good tires they might give you bettween fair and good.
Kbb is just an estimator not the real thing, if it was real they would have a Sell button on there.
i dont mean to discourage you. thats the reality of it!
If your not in a hurry. sell your Rx to a private party.
Thanks and good luck!
not wanting to make you feel bad but am i missing something?
good deal ~6%
great deal ~9%
awesome deal ~11%
your quote is about a 9% discount off MSRP. for a brand new vehicle with no miles on it, i would say thats a great deal, not the best, but great nonetheless. but given that it has 4,000 miles on it though i would say you should probably get them down maybe another $750 to make it a great deal. but at this price, adjusted for the mileage, id say its just a good deal.
from what i can tell, awesome deals are rare and may involve timing, luck and also perhaps a trade-in where the dealer is making money on it.
1st one came in w/in 1/2 hour and he asked how cam i earn your business, i told him i was looking for invoice on a lease. he told me msrp was 43056 fro the AWD premium plus which is build with a few other options dont even remember what they were and thats the way they are shipped to NY which other dealer confirmed.
anyway within 2 min he went to his manager and approved it all over the phone( no bargining at all).
it gets funnier, later that day another dealer called me and offer me below invoice 11% off MSRP. so i inturn call a dealer near me and gave him that offer and he accepted it. I went to lease it and while was there another dealer called me and offered me another $722 off but i really didnt care i found the color i wanted (white ) which is a litter bit difficult , i'd have to wait 3 weeks elsewhere.
paid $38319 net cap cost ,w/ 51%residual ,.00139 money factor on a lease for 36 mo. at Ray Catrina in NJ.
im very happy.
the moral of the story is be, patient, educated,and tell them what you want and they accept it with a smile and coffee.
good luck everyone
You may include the dealership name, city and state in your post. Please do not post names of salespeople, telephone numbers, email addresses, or other contact information.
Pete
when you talk to the dealer you want to do business with let them know you already have another deal with dealer X , garrenteed they will beet it . Prestige was willing to do better by $20 a month except i stayed w/ Ray Catina cause they had my color on the ground.
Hope this helps
Good Luck
How much deposit does Lexus usually require in this case?
what will I be asked to sign along with the deposit? will it actually be the sales contract?
Does Lexus accept credit card for deposit? I'd rather not pay cash?
TIA