Last post on Jan 08, 2012 at 8:21 PM
You are in the Lexus LX 470/GX 470/GX 460 and LX 570
What is this discussion about?
Lexus LX 470, SUV
#871 of 1474 Finalizing on 03' LX 470
Aug 09, 2003 (12:08 pm)
August 8th 03
Hi, I've be the owner of several cars from the Mercedes stable, but I'm now in the market for an SUV and the Lexus LX 470 caught my eye. Seems to have a great interior and plenty of toys for me. Anyways I've notice that Edmunds has the car (LX 470) going for about $2000 below sticker (69,100 is MSRP for the vehicle I'm looking for)...does that sound right? How realistic is that ? Or should I push for a price closer to invoice? I'm in the New York, L.I. area (the air is thick with RX 300's here). Also I've noticed a Dealer Holdback for the model, how exactly does this work?
Any feedback on the Navigation System and the Night Vision option, is it worth it?
#872 of 1474 NYCdoc29
Aug 09, 2003 (1:45 pm)
Try a high volume dealer like Lexus of Manhattan or Ray Catena in Larchmont NY and Ocean NJ. They ususally discount the most. I was also seriously considering a 2003 but have decided to wait to later in the year and will take a 2004. I have a 2000 LX470. It's a fabulous SUV and you will be quite happy with it. But if you can only get it at 2k under list this late just wait to 2004. I'm sure though that you can cut a deal at $5k under list at the big volume dealers.
I'm curious about the night vision as well as I live in Monmouth county and just saw 3 deer cross my lawn. During nighttime in the fall they are all over the place and a few of my neighbors have hit them.
The Lexus DVD based Nav system and the Mark Levinson stereo are the best in the industry and the truck rides like an S-class or LS430 sedan and is very quiet.
#873 of 1474 My shopping 2 cents
Aug 10, 2003 (10:10 am)
I know Lexus is clearing out '03 inventory now through Sept. 2 with special deals.. BUT.. when it comes to the LX I'm willing to bet that there'll be more than a few '03 LX's in dealer's lots come the holiday season. The "December to Remember" sales event usually has the best prices -- ESPECIALLY on left-over '03 inventory. Here in S. Fla brand new 2002 LX's were going for INVOICE at the larger dealers during December of last year. Of course, the downside is you may have a more limited inventory and within a few weeks you'll be driving "last year's model", but if you plan on keeping the truck for many years then the depreciation hit won't matter much and thousands of $$ can be saved - if you can wait 3/4 months. I'm not sure about markets elsewhere, but I know this to be true where I live.
In any case, if I needed to buy now, or if I wanted to lease and needed a good cap cost figure, I would check with carsdirect.com -- try out several zip codes around the country and see what you find. Right now in my area a fully loaded LX with nightvision, rear ent, etc., etc. (around 70K msrp)is going for around 65K. If past experiences come true again though, come December it'll be invoice plus tax and dealer fee and you're done! I'm waiting 'till "December to Remember" to get my wife's '03 LX.
Good luck shopping!
#874 of 1474 Gteach26
Aug 10, 2003 (10:40 am)
That's what I did in early 2001 and took advantage of a special 30 month lease deal. Very rare type of lease for Lexus and I've not seen one since. But I believe the 2004's are due out in early October so the holiday season may be too late.
#875 of 1474 re: 873 and 874
Aug 10, 2003 (1:12 pm)
Thanks, that discussion was helpful. I have an ML with a year left on the lease that we can't stand. I'm ready to buy a replacement at any point, but am sort of hanging out waiting for the 04's to see if the changes warrant getting the new model.
I'm curious to see if Lexus will be more price competitive with the new Nissan and Infinity coming out. I'm not sure if the competition will hurt them or not, but the LX is an aged model. Frankly I love it, I'd just like to see the price come down and am looking for reasons why it might.
Aug 10, 2003 (1:45 pm)
Thanks for your info guys, I actually saw a dealer demo the night vision for me, he took the truck into the service bay area, and had the lights off.... The image that is projected is B&W not green like shown in the LX 470 promo material. Anyways the demo wasn't too impressive (maybe because it was in the service bay) but I'm probably giving up on the idea (most trucks that come witht he night vision are usually loaded with dealer-addon's as well with MSRP over 70k). Anyways the one I'm looking at is MSRP $66,071, its the base truck with the audio, cargo and wheel locks and stuff. The best offer I've got so far is 58,000. plus tax and DMV... is that a good price? I've actually not finalized it because my wife still isn't too sure of the color...(its black and my wife likes the mica blue or green).
Aug 10, 2003 (4:07 pm)
58K for a brand new '03 LX seems like a great deal (to me). I'd jump on it.
WARNING: If your wife isn't sure of the color (black)now.. you'll probably regret it as the years go by.... for the amount of cash you're spending you should stay away from any "lingering doubts"
#878 of 1474 NYCdoc29
Aug 10, 2003 (6:15 pm)
If you are leasing, color is not important and take whatever you want. But if you are buying and want to sell the truck at some point the right color can mean thousands of dollars more on resale - particularly of this truck. The Blizzard white, gallactic gray, black and sand dollar will be the money colors that get you a better resale price later. The green and blue will likely be lesser value. You should buy whatever color you really like but keep in mind the resale value potential loss of certain colors. I'll never forget seeing a 2001 MB S500 in a showroom in late 2000 that was discounted around $7k (unheard of at such an early point in the model year) because it was an emerald green color no one wanted. I happen to think all the LX colors are good looking but again the "money" colors are always black (and most dark colors), white, silver/dark gray and a sand/beige color.
$58k is a great price. I really want what you seem to be getting in the LX plus the video DVD entertainment system.
#879 of 1474 LX470 Extended Warranty?
Aug 11, 2003 (3:12 pm)
I just bought a '00 LX470 with 46,000 miles on it. They offered me a 5 year (from today's date)/ or a total of 100,000 mile warranty. The cost is $2,300. Should I do this ? My feeling is No since Lexus is very reliable. If I say No now, can I get an extended warranty later?
Thanks in advance!
Aug 12, 2003 (11:14 am)
It seems you have a few months + a few thousand miles left on your bumper-to-bumper factory warranty... I'd make sure there were no major issues with the vehicle before that runs out. Maybe have a mechanic buddy or a reputable shop look it over for you? I love Lexus and all, but my suspicious nature would think the dealer mechanics would say all was fine; then 50K miles hit and.. clunk!
Some folks in here have great info on warranty prices, etc... also check they Toyota landcruiser & sequoia forums for some extended warranty input. Also there are some Landcruiser owners who know these babies inside and out and could suggest what problem areas (mechanical) to look for -- I mostly see them posting over on the Landcruiser forum. Check it out if you haven't already.
By the way..Nice truck! Congrats.