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Prices Paid: Buying & Leasing Experiences Lexus RX 330 Prices Paid and Buying Experience
3128 messages, Last post on May 24, 2008 at 8:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| First, I'd like to thank everyone for their postings. It gave me an idea of discounts. I bought my Savannah Metallic Rx330 on Dec. 30th at my local dealership in Augusta. I actually also had calls out to Greenville, Columbia, Savannah and 5 in Atlanta. I was looking for one with Nav/ML Audio with DVD optional which are pretty hard to find around here. Local had one with MSRP $45,298 and they said they'd take off $1800. I told them discounts were running at least $3000 from what I read and I'd have to think about it. They called me later at home and offered $3000 off. In the meantime, I'd found one with just the Nav. and standard audio and got a dealer in Atlanta to go from the MSRP $42,478 down to $38,862 (3616 diff). I was almost ready to accept that offer, but called my local dealer and told them that the one they had with the Nav/ML Audio and DVD had a higher markup and should have even more off or I'd go to Atlanta. They upped the discount to $3800. I told them make it an even $4000 and I'd come write a check. They agreed. I think they were anxious to make another sale before the New Year. Don't know if they would have come down any more or if Atlanta dealer would have beat them, but decided to get local and keep them happy since they'll be servicing and they give free loaners and car washes. I picked it up on the 31st and we went on a trip to the inlaws and put over 300 miles on her in 2 days. I have a couple questions, but will post them in the other discussion since this is long enough and will be more appropriate elsewhere. Happy New Year! | |
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Well thanks #650. Just be honest people, it is anonymous. It doesn't help people if we just put "I got a great deal" we need numbers. |
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| Way to work the phones - dialing for them discount dollars! Great deal. Enjoy your RX. | |
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Two weeks ago I purchased my RX330 from Lexus of Highland Park. Here are the details so it may help some of you out there: This was a purchase not lease with no trade-in. 2004 AWD Flint Mica Options Included: PM Premium Package HH Heated Front Seats w/Rain sensing wipers PL Power Lift Gate WU Wood/Leather Steering Wheel Wood Shift Knob WL Wheel locks C1 Cargo Mat Total MSRP (incl. destination of $625.00): $40,798.00. Dealer cost: $36,373.00. Purchase Price: $37,500.00 (plus tax of $2,440.92, title of $143.00, doc fee of $52.57). No other charges. This is $3,298.00 off list and $1,127.00 over dealer cost according to my calculations which meant a dealer gross profit of 3.1% I financed through the dealer at 4.25% for 60 months with $10,000 down. Hope that helps. |
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| They don't list their inventory and appear to be just a copy of the main Lexus site. Why? | |
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I've brought this up before regarding $ off msrp people are getting off their new RX330's. Are all you getting these $3,000 to $4,000 with non trade deals. If so, I continue to be surprised as to how many people don't have cars to trade or are able to and have time to sell their cars they were driving prior to their RX330 purchase. I got $2500 off my RX330 in IL when I traded. I had to work to get a good price for my trade and still get $2500 of the RX330. Overall with some effort I got a good deal. I did have to purchase from a dealer about 100 miles away because my local Lexus dealer wanted to low ball me by several thousand on my trade. Also when you sell on your own and have no trade the additional sales tax can be significant as my trade was worth $32,000. This trade saved me at 6% ($1920)not having to pay additional sales tax. I am curious that no one seems to mentions trades when they discuss the deals they got on this message board. Maybe I sell and buy new cars more then most (every 2 to 3 years) and have high end cars that may be more difficult to sell on my own. My experience in selling newer cars on my own is that most people who are buying higher end cars have trades. I feel it takes more time, skill, and "holding your ground" to get a good deal with a trade. I'm afraid that we don't hear much from those RX330 owners who bought and traded because too many times dealers work the numbers so many feel they got a good deal but really did not. I feel it is worth taking additional time to research and get a good deal when buying a new car when you have a trade, especially when the trade is a nice, clean one. This procedure makes getting x amount off msrp deals seem easy. |
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You're probably right; it takes more negotiating to get a good value on a trade AND a good value on the new purchase or lease. Dealers must buy trade-ins at wholesale (or below) and sell them at retail - that's an obvious fact but one often overlooked by the customer. I find it easier to sell my old vehicle myself but your mileage may vary...I know a lot of people that wouldn't think of selling their vehicle privately because of the potential problems. But, on the other hand, it is reasonable for dealers to say, "well, I say it's worth $X - but you think it's worth $X + $3k. Great - go find your own buyer at that price; I can buy 'em all day at the auction for $X so why would I pay you a dollar more?" And don't several states get their sales tax money on the top-line sales price of the new vehicle - regardless of the trade-in value on the old one? |
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I did not trade in. I was driving a '98 Explorer Limited so trade-in value is pretty poor even though she only has 59,000 miles and is in good to excellent shape. (Anyone interested?) We have 2 boys, ages 15 and 17, so figure one of them can use it since taxes and insurance is low, esp. if I drop collision. I just have to convince my son it's not a "Mom" car before he'll use it. When I was that age, I would have been thrilled to have a loaded vehicle with a/c instead of the Chevy Vega Hatchback I had.  I'm sure the Lexus dealer didn't want a Ford sitting on their lot, even in the Used side; they suggested I put it on ebay if I decided not to keep it. That's what they do with lots of their used cars. In fact they have a 2004 Flint Mica 330 with NAV,RES,12,000 miles right now on ebay for a great price. I test drove it but didn't like the colors but thought I'd mention it if anyone is looking. I missed a great one I would have bought; they had just sold it on ebay to a guy up north. They didn't even advertise it locally. I guess they'd rather we buy their new cars. |
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GOOD JOB 654 - LOOKS GOOD THIS IS THE TYPE OF INFORMATION I WAS EXPECTING WHEN I FIRST LOGED IN HERE |
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| I'm not sure how other states work but some only charge sales tax on the sale of the car after deducting the price of the trade, rebates, etc. But I know when you lease even if you trade in, you must pay sales tax on the sale price, not taking off for a trade. That is a bite. Also, I agree that if I had an older car like kbsrm I would never trade it in. Just a side line, I sold the 1995 Honda Civic LX my wife then college age son drove since buying it new in 1995. It had 138,000 miles. Sold it for $3600. If we had traded it in on new car for son (recent college grad) would have received $1800 as a trade. | |
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