Last post on Aug 14, 2010 at 8:21 AM
You are in the Lexus ES
What is this discussion about?
Lexus ES 300, Lexus ES 330, Sedan
Apr 15, 2001 (5:06 pm)
For about the last half of the 1995 model year Lexus was offering lease deals on stripped ES300s for $399 a month with $999 down payment. For all of the 1996 model year, ES300 lease deal was $399 a month & $999 down payment. But for 1996, you could get a ES300 with Leather, sunroof, & CD-changer for $399 and $999 down. Production was decreased in 1996 to make way for the 1997 model, but the made alot of ES300s in the early part of 1996 to hold dealers over the last couple of months before the 1997 model came out.
1996 was the first generation ES300's best selling year. I believe Lexus sold about 52K units that year while in 1995 Lexus sold about 48K units.
I'm sure the middle of this year will bring subvented leasing programs on the ES300. I would bet on it, as they will need to get rid of 2001's to make room for 2002's.
I don't think Lexus will offer free maintanence programs since Lexus is currently the best selling luxury car brand so far through March of 2001. Obviously, customers don't mind paying for maintanence too much, otherwise Lexus sales would be sliding considering BMW, benz & AUdi offer free maintanence for 3 to 4 years.
Overall maintanence is not that expensive on a Lexus. The first 5K or 7.5K service is free. The 10K service runs about $90. The 15K service costs about $300, the 20K & 25K runs about $90 each and the 30K runs about $400. So basically, over 3years or 36K miles you are spending about $1K on maintanence. And that bill can easily be reduced considering that there is alot of things you can minimize. Like you can easily go to a Toyota dealer to get oil change, Tire rotation, & lube for under $50 as opposed to spending $90 at Lexus. You can also save money at the 15K & 30K intervals buy telling the dealer not to do useless checks & fluid fills.
You can use H-rated tires. I have installed on my parent's ES300 2 times over Yokohama Avid H4 tires. Excellent tires, much quieter and softer riding than the Dunlops that came with the car. And H-rated tires are still good for up to about 130mph.
Update for 2002 ES300:
Mark Levinson stereo will be a option.
Navigation system will be optional.
rear sunshade will be available(power).
5-speed automatic will be standard.
6-CD changer will be standard.
HID lights will be standard.
And current word has it that the 2002 ES will be a ES330, meaning it will be powered by a 3.3 Litre V6.
Apr 15, 2001 (6:12 pm)
Hmm. With CD and all the rest of that stuff standard, all a 2002 really needs is leather and moonroof to be typically equipped. The navigation system, uprated stereo and power sunshade would be nice extra luxuries to also have though.
It might be worth waiting for depending on price of 2002 vs 2001. If I could be sure I could lease a 2002 with leather, moonroof and navigation for 36 months, 15K per year with very little or no down for under $600 per month plus tax I think I would wait. If I can't afford the cost of the navigation system, I might as well just get a 2001.
I just checked Carorder.com com and they no longer have 2001 Coach Editions, but they have the standard model with Value Package and heated seats for $30,983 in my area. MSRP is $34,455. Of course if I buy from Carorder, I will still be covered by the Lexus waranty, but I would have to give up the extra perks that dealers give you when you buy from them. A big price difference is worth it though and I don't live close enough to a Lexus dealer to take advantage of free car washes and lattes anyway.
Even if there is no price increase for 2002 I would be looking at 2001 MSRP with like equiptment + about $2000 extra for the navigation system and little or no discount from MSRP at least at first. So that is about $36K for a 2002 with nav, vs $31K for a 2001. I probably would not be willing to pay that much more regardless of how nice the 2002 ES330 turns out to be.
You could always lease a 2001 this summer when hot deals may be available, then turn it in in 36 months when the ES330 should be available for good discounts again and should have a few updates and improvements over the first year models.
Apr 15, 2001 (6:50 pm)
Maintenance prices you listed don't sound that bad. I have heard stories of Lexus owners spending $1000-$1500 on their 30,000 mile routine scheduled maintenance visit.
I will probably have to call a Lexus service department to see what they charge in this area.
Apr 15, 2001 (8:39 pm)
I made a similar switch on my wife's GS, went from the OEM Bridgestone Turanza (Z-rated) to the Michelin Pilot XGT H4's (available at SAMs), they perform very well, EXCEPT, they are noisier than the MXV-4 Plus (Z-rated), which were the OEMs on my 2K ES, I guess you gotta live with a little more noise, for a little more performance.
Apr 16, 2001 (10:44 am)
Remus26, please tell me where you are getting your info on the 2002 model. I attended a Lexus focus grooup with other lexus owners in February. Present were about 30 Toyota/Lexus execs from Japan. I asked numerous people about the car and all said it will still be an ES 300, with just a slight bump in horsepower. I was also told a power rear shade will not even be an option. They could have been purposely not revealing details, I don't know. Or they could have been telling the truth. That's why I want to know your source. Thanks.
Apr 16, 2001 (11:05 am)
My source is a dealer. I don't think with the TLs power at 225 & 260 and the I35's power at 260, Lexus can afford to just bump power "slightly". Lexus/Toyota is usually really sneaky with information that they even give out to dealers. And they're known to lie to throw the auto magazines off.
Apr 16, 2001 (11:15 am)
Your information sounds believable, but why would your dealer have better information than the next dealer?
Apr 16, 2001 (11:32 am)
I don't know, my info. could turn out to be false also, but so far most of the info. I've been getting from the Lexus dealer has been true. I knew about 2 years ago, that the 4.0 would be replaced by a 4.3L V8, I knew for the 2002 model year the IS300 would get a real center armrest as well as NAV, and other features, and I knew what the LS430 would look like about a 1/2 year before any mags had pics published.
Of course, Lexus NA has also given the dealer some false info, like the IS300 and GS300 getting 245bhp in 2001.
Some dealers will also not reveal what they know to prospective customers because every dealer still has to sell 2001 ES300s until 2002s come out.
Apr 16, 2001 (11:43 am)
I would have to say any info your dealer is providing is pure speculation. I am friends with the owner of my dealer (my family has known him for 20+ years), and he has said that Lexus has said nothing about the car. As I've said before, dealer owners did see the car last October at a meeting in Colorado, but no specifics such as engine output and equipment were revealed. Trust me, I hope everything you say is correct. I just won't believe anything until I see it.