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MSRP: $46558
Sale Price: $43K
Does this sound right?
Drew
As to the tax credit, they are graduated, so once Toyota hits 60,000, the credit decreases over four quarters. They already hit 60,000, so this is the last quarter you can get 100% of the credit, so in October, you only get half, I think, and then in spring it drops to a quarter of the full credit.
As for 2007 changes, I've been told no body changes. Changes I've been informed of are 1) new Nav system, but not too different and 2) wood will be standard, instead of an upgrade (with higher cost, of course).
As to availability, I have seen only two kinds, without Nav and with Nav and heated seats. People seem to shy away from without Nav, so those are on the lots, and with Nav and heated seats are the ones still coming from Lexus.
Finally, I'm in the NY metro region and while I haven't negotiated yet, dealers are opening their offers with about $2250+ off the sticker (sticker with nav being either $49,750 or $49900 (with cargo mat and some other little thing).
cheers!
Another dealer told me that Lexus is not shipping non-Nav cars right now, and he was unsure if the 2007s would be offered in nav and non-nav. None of the dealers have mentioned an upgrade in the engine, but a few said the 400h may still just edge out the 350 on the road, tho they are similar, and the 400 remains more powerful than the 330.
I had read that there will be different grades for 2007, with fabric in standard and then two premium levels with leather.
Looking at an AWD, and a NAV & ML system would be ideal. MSRP is approx. $50,100
a few questions:
-when does the 2007 model comes out?
-any deals similar to what I read from CA? Willing to deal w/i 500 miles if I hv to.
Thanks
I think your estimate of MSRP is a little low, since I've been looking at AWD with nav and heated seats (pretty much if they have nav they have heated seats, as well as cargo mat). The sticker has been $49,928. Mark Levinson adds close to a grand to that, and then there will certainly be a price increase for 2007s, so I would guess you'd be looking at closer to $51,500.
With the first tank, it averaged 24.6 MPG, about 5 MPG better than what we were getting with RX300. So far, it's a very nice car and extremely satisfied.
Good luck!
Could you shed some info on who/what/where is your Lexus dealer in NJ?
3k-4k off the MSRP seem good to me.
Thanks
- you can't qualify for the tax credit if you buy a '07 RX400h
- you can't qualify for the tax credit if you lease the vehicle
So, it seems that if you can still find an '06 model, not only will you get a discount (I talked to a salesperson on the phone and he thought he could do at least $2K off what I would otherwise have to pay for buying an '06 model now), you'll also be able to take advantage of the tax credit...
So here are my questions:
- has anyone actually seen the '07 model yet? how is it different vs. the '06? (the dealer said new nav system is the only difference)
- has anyone learned anything different about getting a tax credit for the '07 model?
Thanks!
MSRP: $49,928
Sold at: $45,643 + TTL
Difference: $4285
I would suspect that Lexus is incentivizing their dealers, we got to this number quite quickly. Love the car so far, ask me in a couple years...
annasf's read of the tax rules seems right, and the 400h is not listed as a 2007 model for the credit. Remember that the tax credit on 2006s drops by 50% at the end of next month.
The dealer offered to put in XM radio at the dealership, but said he could not do Sirius. Another dealer confirmed 2007s would come in different levels, more like the 350 (with standard, premium and premium plus), also estimated 2007s as end of Sept. or beginning of Oct.
So far very pleased with the car. It's driving a little funny though... sort of has a "sputtering" feel when driven at highway speed (not perfectly smooth, as if it had bad gas in it, sputtering/transmission-changing kind of feeling...). Am hoping it goes away. If it doesn't after a couple hundred miles, I may bring it to the dealer to get it checked out. Has anyone else notice their car drives that way? Maybe it's just a new car thing.
Final question for this board... we're so enamoured with the idea of the hybrid that we're thinking about getting another one! We'd like to also get the Toyota Prius, but was wondering if there's a cap on how much tax credit we could claim in one year. Does anyone know if you buy more than one hybrid vehicles in a given year if you can claim tax credit on both vehicles? Thanks!
Anna
Isn't that about $3k less than the 2006 model MSRP?
What gives? I thought I read it's basically the same as 2006 so maybe a cheaper productivity on Lexus part?
http://www.lexus.com/models/rx_hybrid/price_options.html
As to the tax credit, I haven't seen anything in the IRS guidelines that says you can't get credit for two cars in one year, but I'm not an accountant. Don't forget tho, that if you put a Prius into service after Sept. 30, you lose half the tax credit anyways!
ravlegend, it is almost $3K less, but the 2007s come in levels like the RX350 does, standard, premium and premium plus. If you look, the options in premium plus were all standard for 2006, like power steering column, leather, seat memory, AFS HID lights, moonroof and roof rack. Other things are no longer standard, such as 18" wheels, now they are 17" wheels (18" are a $500 option). And so on, so for 2007, people can get into the 400h at a lower price point by giving up some luxuries.
Should hv read further on the Lexus site.
I noticed the NAV/ML package is $4130 but they are priced $3630 combined ($2650+980)as options. What am I missing here?
Annasf-that's amazing! mind sharing where is this dealer at?
and did you deal with a salesperson or a fleet manager? I may even make a mini-vacation out of it if I hv too.
Which after mkt DVD player did you get? Can you share some details? Price, satisfaction, seamless integration...
Thx.
- I bought the car at Coliseum Lexus in Oakland
- $43,250 was the price I paid net of sales taxes (not sure exactly what TTL is, I assume that's the dealer advertising, destination charge, wholesale finance charge etc etc? Those were included in the price I paid)-- would love to understand what TTL fees are for my next car purchase (which could be soon for a Toyota Prius!)
- I don't have the details on the after market DVD yet since it hasn't been installed yet. It's going to be two screens behind each headrest... that's about as much I know/remember from the floor sample. The retail price was $2450 and I got $1800 after much negotiation since they already were discounting the car itself so steeply. Because I called every dealer in the Bay Area, I can say that this seems to be a fair price for the after market DVD, though perhaps each dealer uses a different brand /product. I got prices ranging from $1300 (just one dealer) to $2600. Most dealers came in at slightly under/above $2K.
- Not sure if the Prius '07 or the RX400h '07s would ever get on the list of ones to benefit from tax credit. It seems to me that the benefits start falling after end of this quarter any way, and that perhaps Toyota has chosen to prioritize the Camry hybrid and the GS450h to qualify for the tax credit -- maybe they're trying to push these two newer models? Also, the tax credit is supposed to bridge the gap between the difference for the regular model vs. the hybrid model. Since that gap is narrowing at least for the '07 RX400h (lower base price to get into a hybrid though without the luxuries), perhaps the tax credit incentive is no longer as strong...? Anyhow, this is just purely speculation on my part not based on any real evidence.
- My decision criteria for choosing an '06 are as follows: 1) seems like no real improvements/changes are being made in the '07 model other than the fifth generation nav, and based on personal testing it seems the voice command function while driving (the biggest advantage of the fifth gen Nav in my opinion)is not working that well anyway, 2) I was convinced I could get a better/below invoice price for '06 model during the transition (proven to be true) and 3) the tax credit on the '06 model is a sure thing which shaves off yet another $2200 off my out of pocket costs if purchased before 9/30. If you can still find an '06 model, I'd bet you might even be able to negotiate a better deal!
Now I am on to researching the Prius for our second car! A friend just bought one and totally loves it. If I can still get an '06 model and qualify for the tax credit (pending answer from my accountant) by 9/30, we may go for it.
Good luck to all in your purchases!
annasf
I'm looking to lease the RX 400h and I want to make sure I ask the right questions to calculate my lease. Are all these points available for disclosure by the dealer? Are there other questions I should ask? Thanks
Money Factor
Residual
Lease Inception Charge
Lease APR
If you want to know those numbers, ask Car_man here:
Lexus RX 330 / RX 350 / RX 400h: Lease Questions
Money factors and residuals vary by term/mileage, so be sure to let him know the parameters of the lease you are interested in.
regards,
kyfdx
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The ones I have called and on 2 occasions when I sat down in the office are only discounting half of what's shown.
AWD + NAV = $47k.
Thanks for the info thou.
BTW - is your 400h a gold one by any chance?
At the time of my deal $4300 was the best I'd heard of, but within days, we saw $5500 appear. I have no regrets, it was the right time (needed a car within five days), right color (had trouble locating Neptune Blue), right dealer (good location, will use them for service).
You should try them again.
Almost seal the deal (within 5 minutes) when another dealer called back and counteroffer me a similarily equipped 2007 for $3k less MSRP- which was LOWER than what my local dealer mentioned above was offering for a 2006. :confuse:
Needless to say a happy camper & thanks to everyone on board.
Anna
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Thanks
daloosh
MSRP is $51346. Bought it for a little less than $48500 +TTL.
I didn't test drive the 2007 but it looks nicer and better than the 2006. The Navi is improved. I tested the 2006 model and liked it very much already.
I believed the only exterior difference is the HYBRID badging on the side door bumpers. Interior may be an addition of a coin holder. Couldn't compare the nav system since I haven't seen the 2006 version.
Premium Plus Package
Nav
18" wheel
Heated Seats
Wood trims
MSRP - $49885
$46700 + TTL