Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Lexus RX 330 Prices Paid and Buying Experience
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
also i will be trading in my 1999 GS 300 i was offered $20,000 for my trade in i have 47,000 miles approx and is in mint condition. any trade in offers made by others?
Im getting at least 3200 off for premium plus (40,128)and was able to negotiate almost 3500 off for my friend's 42,380 with nav and rear camera.
they are not giving me much with my C280 but still on negotiation with them for the trade in.
thanks
What is the "Kelley Blue Book" Price?
Steve, Host
Thanks
And of course, some publishers have editions for dealers and editions for consumers. Not us :-)
Steve, Host
Those interested in the books (live by the book, die by the book) should check out Real-World Trade-In Values. Terry and the other dealers in there are the book (and they hit the auto auctions all the time).
Steve, Host
out of pocket is 1462, which includes 1st month, MV fees, bank fee(bogus fee), documentation fee(bogus fee)
or 582.00 for 15k miles
This is over 100 more per month than my rx 300 lease from 2000!
Any suggestions? Any other deals out there
Did you buy/lease? What dealer. I got this from DIfeo> What do you think about the lease vs purchase
b. What's the lease capitalization or cap price
c. What's the money factor (interest rate on a lease)
d. What's the residual amount when the lease ends
e. Is the lease paperwork through Lexus/Toyota Motor Credit Corp (TMCC)?
This is the information required to know what kind of deal you are getting. Your sales rep should be more than willing to get you answers to these questions.
Has anyone seen/bought the multipanel roof package - have not seen any posts, and not normally the way our dealer gets them in, but looks intriguing - anyone know the scoop?? I would prefer no roof rack (who really climbs up there anyway), and like the idea of the open air!
Cap cost (selling price) and money factor/interest rate are of equal or more importance. What are they?
If the deal is going thru Toyota Motor Credit
Corp (TMCC), then your MSRP, residual value, and money factor are fixed by them on the RX330 (unless the dealer has added some options).
So all that's left to negotiate is the actual selling price or "cap" cost. This is where most folks fail to get a good deal because they have no clue as to how their lease payments are calculated. I'll bet that more leases are written near or at MSRP than non-lease deals.
Unless I have your figures wrong...
$39k msrp
15,000 miles a year
36 month term - thru Toyota Credit?
Cash for first month, lic, misc - $1450
$582 per month x 35 months
Note: If $582 includes your sales tax the price is ok; if it doesn't, the price is lousy.
Figures from my 2004 RX330 lease in Aug04... (FWD, Nav, Premium Plus, chrome rims). Payments are the same as my previous '01 RX300, primarily due to the lower interest rates:
$41k msrp
15,000 miles a year
36 month term thru TMCC
Cash for first month, lic, misc - $1500
$512 per month x 35 months (without sales tax)
I don't think money factors have changed that much in the last 3 months - but you do live in a different area of the country and that is a factor in the cap cost.
2. the residual is always off of the msrp, but the key is, yes, the cap cost, which on this car is 39,000. so on a 36/mo lease the residual is 56% for 36/mo 15k here in nj=23,345.28-39,000=so leasing 15,654.72 for 36 months.
so payment is 434.85+interest(118.45)+(33.20)6%tax
total payment=586.50,dealer is quoting 582.00
only way to lower it would be cap cost reduction
the cap cost (dealer reduction) on my 2000 rx was significant
I assume your AWD has the Premium package and has a factory sticker of approx $41,530. That's the lowest AWD MSRP with destination/freight currently shown by the Lexus website for a NJ zip code.
If that's accurate, then a residual of $23,345 is 56% of MSRP as you suggest.
At a cap cost of $39,000, that's $2,530 off sticker, an average deal in Los Angeles but perhaps a good deal in NJ.
Your interest of $118.45 reveals a money factor of .0019 (based on the total of residual + cap or $62,345 x .0019 = $118.45), the same as an interest rate of 4.56%. Certainly nothing to complain about there.
Enjoy your new RX330!
Any opinions on that color choice? Is it rare to find because they do not make many in that color or is it because most people do not like it?
Help I am about to order it? My second choice is Black
I read an article not long ago that Lexus USA is working to beef up dealer service across the country. Lexus has basically admitted it doesn't have all of the service bays needed to service all of the cars they sell. I am hopeful the extra attention on service will benefit all Lexus buyers in the future.
I personally, however, don't tend to like dark colors so I bought Bamboo Pearl. And I must tell you it was very hard to get Bamboo Pearl when I bought mine in late August.
Hope this helps.
Back here in the norteast-we have only one dealership in little RI. That is alot of $$$ to pay for a bad color. But the dealer said if we didn't like it he could sell it.
This is my first Lexus!
We also considered Bamboo Pearl, but we didn't like the light colored exterior next to the light colored(Ivory) interior. Since we prefered a light colored interior, we wanted a contrasting dark colored exterior. I wanted black, my wife wanted flint mica. Since flint mica didn't come with the ivory interior, that color was dropped from the list. We didn't want a blue car(althought the breakwater blue with gray interior is NICE), so we dropped neptune blue from the list. Thus we picked black forrest pearl. We had a really hard time finding black forrest pearl. Our sales rep mentioned that Lexus didn't make that many cars in black forrest pearl nor neptune blue, and that Lexus might discontinue these 2 colors.
We wanted white with black interior but the RX didn't come in that combination. I almost got the black forest pearl but my wife didn't like that shade of green (very dark). So we opted for the flint mica with black interior.
At the dealership, if you take the color (painted on metal) swatch under noon-time sunlight (on a clear day), you'll see the difference in each color & how they react to light. Did the same thing by night fall under incandesant light. This was what we did when shopping for colors. No regrets.
The AWD RX330 with Nav and RES stickers at $45k give or take (depends on other options) and Edmunds has the invoice at $39k.
You can find a dealer in So. CA that will sell it to you at no more than $1000-1250 over invoice; figure another $1000 (or less) for shipment to your door...and you're at the mid $41k level delivered before any taxes (paid to NC), lic tags, etc.
And your local sales rep at the dealer might not be happy about losing a sale but the Service Mgr. there will be happy to have another warranty customer for 4 yrs/50k miles. I went through the internet department at Lexus of Riverside (just east of L.A.) and got a great deal for my 2nd RX procured from them in the last 3 years - and my local dealer, 80 miles from Riverside, loves my service business. Well, perhaps "loves" is too strong a word...they certainly never give me any grief about an appointment.
Good luck!
Number two- they may not be too receptive to working on your car. ie. "Our" customers come first
I work for a dealer, which we do not practice these (except for valet), but working here I know how some other dealers work.
I thought IBM's "FUD" sales strategy (Fear-Uncertainty-Doubt) went out the door when companies finally decided is was acceptable NOT to buy from IBM in the mid 80s when the migration from mainframes to servers began.
Any Lexus dealer mistreating a Lexus owner should get immediately reported to Lexus Customer Service with a certified letter written to the highest-ranking exec you can locate in Torrance, CA, where they are HQed. Be sure to include the name of the sales or service rep that informed you of this dealer policy as well as their bosses' names. Also send a copy of your letter to the owner of the dealership so he/she can explain their Client Satisfaction Policy to Lexus corporate.
As for the bull about loaners...you can rent a lot of vehicles for $2000-3000, right? Sounds more like a Dodge dealer than a Lexus dealer if they pull that line. I've now had four Lexus vehicles, two RXs and two LS400s...and none have needed more than one unscheduled repair type visit to a dealer during or after warranty. None, by the way, were purchased from the dealer where I have warranty and non-warranty work performed.
If anything is true, it's that these vehicles represent the most reliable luxury marque in the world today - don't let a scare tactic like "we'll mess with you on post-sale service - so you damn well better buy locally" remove your rights as a consumer to get the best deal for your money.
Must be a Friday afternoon..!