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Prices Paid: Buying & Leasing Experiences Prices Paid & Leasing Experiences Archive Lexus RX 330 Prices Paid and Buying Experience 
3130 messages, Last post on Oct 08, 2008 at 6:33 AM
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Replying to: kitana370 (Jul 26, 2007 9:31 am) Thanks for the confirmation in the positive. i think it comes down to the individual salesman. Mine was 60ish and in the business forever. Here's the pertinent points of the process I used: 1. Edmunds request a quote. There are only 2 dealers in our area and they're both owned by Autoway. 2. Went to a small independent dealer (sells 130 cars/mo) who buys cars at auction and found out they pick up cars every Tuesday/Thursday. 3. Exchanged about 3 e-mails and told them the exact car I'd like to buy. The only pricing i discussed was if I could save 12,000 or more on pre-owned I'd go that way. If a new car was only $8,000 more I'd buy new. So I was stuck in the middle. 4. Stopped by the dealer and kept asking questions and made sure he knew the only thing I cared about was value, it was for my wife who only drove 5,000 mi/yr so the cpo meant nothing to me, and that the independent was searching the auction for me. I had just talked to the independent and told the salesman they didn't have anything today. I was honest throughout. I test drove the car I eventually bought and told him I'd prefer white, let me know if anything came in, and started to leave. Then he offered $28,500 so he changed my mind about white. My wife preferred the savannah anyway. I didn't think I was haggling. I wanted him to sell the car to me and I gave him the opportunity to. I'm certain he got the impression I did not want to haggle or pay top dollar. Helpful at all? I'm guessing not. To come up with a good price for cpo I used edmunds appraiser with option in excellent condition and wanted the price between trade-in and private sale. Which is what I got. Maybe the end of the month looming and being July in Florida also helped. Keep me posted!!! tampabob |
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Replying to: tampabob (Jul 26, 2007 10:22 am)
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Replying to: tammyl (Jul 26, 2007 4:38 pm) |
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Replying to: tampabob (Jul 26, 2007 10:22 am) You stated that you recently went to a small independent dealer (sells 130 cars/mo) who buys cars at auction and found out they pick up cars every Tuesday/Thursday. I recently posted an on Craiglist for a used Lexus and was contacted by two seperate dealers who claim that they can get these cars $2-4K under what I may get from larger dealers because they get them from Manaheim Auction. There fee is approx $750 plus delivery charge of $250 for the purchased car Can anyone share if a) their past experience of dealing with such individuals/smaller dealers b) can one trust their invoice (of their purchase at the auction) c) Any benefits/risks Thanks
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Replying to: skyrider (Aug 02, 2007 8:47 am) |
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Replying to: kariroma (Jun 02, 2007 8:48 pm) Asked CPO prices locally run around $30-31k (before tax and fees) for 2004 models with 20-30k miles. $33-35k for 2005s. That seems to put the CPO prices within $10k of a brand new 350. Can anyone else comment on this seemingly narrow spread? Are there any guidelines for how negotiable CPO asked prices are? (I've seen suggestions that for new $5000 less than MSRP or up to $2500 below dealer's "invoice.") Any suggestions would be much appreciated. THANKS. For reference: per post #829 from 2008 RX 350 forum, Glendale CA deal price on a new 350 was: 2008 RX 350 FWD Premiuim plus package, navigation system, 18 inch wheels, heated seats with rain sensing wipers, wheel locks, cargo mat, tow prep package. MSRP - $44,306 Dealer Invoice - $39,513 **** PRICE PAID: $38,213 *** Doc prep fee - $55 Sales Tax (CA 8.25%) - $3157 DMV electronic filing fee - $28 License fee - $301 CA tire fee - $8.75 Smog fee - $12 TOTAL OUT THE DOOR - $41,775
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OK, to net out my inquiry: how much lower cost makes it wiser to buy a used vs new? It seems the price difference between buying a certified pre-owned ("CPO") RX330 and a similarly-equipped new 08 RX350 (AWD with Nav and Premium Plus packages)is about $10k. Asked CPO prices locally run around $30-31k (before tax and fees) for 2004 models with 20-30k miles. $33-35k for 2005s. That seems to put the CPO prices within $10k of a brand new 350. Can anyone else comment on this seemingly narrow spread? Are there any guidelines for how negotiable CPO asked prices are? I wanted to buy used CPO, but for $10k more, doesn't it make sense to avoid 4 years of someone else's use? HOW MUCH MAKES USED CPO WORTH THE LOWER COST? $11k? $15k? Any advice/experiences would be much appreciated. THANKS.
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Replying to: lexusrxsearch (Aug 09, 2007 5:20 am) (is this 350 fwd with premium+, nav, performance, towing prep and heated seats w/ rs options?) thanks!
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Replying to: robinhan (Aug 23, 2007 6:47 am) ------------ For reference: per post #829 from 2008 RX 350 forum, Glendale CA deal price on a new 350 was: 2008 RX 350 FWD Premiuim plus package, navigation system, 18 inch wheels, heated seats with rain sensing wipers, wheel locks, cargo mat, tow prep package. MSRP - $44,306 Dealer Invoice - $39,513 **** PRICE PAID: $38,213 *** -------------- The main diff (besides being in a different market) is that car was FWD. East coast AWD seems to be around $40.8k with Premium and Nav -- which ought to be your target price. I was able to do slightly better $40.7k before tax and prep from Prestige Lexus in Ramsey, NJ. Ask for the Lamb. |
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