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Prices Paid: Buying & Leasing Experiences Prices Paid & Leasing Experiences Archive Lexus LS 400/LS 430 Prices Paid and Buying Experience 
537 messages, Last post on Sep 14, 2008 at 12:48 PM
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Replying to: garyh1 (Dec 04, 2004 10:53 pm) The car is equipped with the Modern Luxury package and the polished 18" wheels. I'm not sure of anything else. The MSRP new should be around 61,500 for an '05. I'm selling a 94 LS400 with 170,000 that I bought with 32,000 miles 8 years ago, so I'm in the car for the long run. This appears to work for me as the car is exactly the color I want both inside and out. I wonder if this is a good deal or should I keep looking? Thanks to you and Paul for your input.
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Replying to: ls430nsc (Dec 05, 2004 4:20 am) Of course, you have to get comfortable with the past history of the car (why is it available for sale from the dealer-- repossessed, demo, owner's wife's car?-- and make them confirm the story with a Carfax report). That's an issue you have to deal with with a used car that doesn't come into play with a new one. If the dealer is certifying it for the Lexus CPO program, although it might not add much more time (3 yrs from your date of purchase) to the new car warranty, it would get you more mileage (goes to 100,000). That could be meaningful if you expect to put on more than 44,000 miles in the next 3 years. And make sure your dealer agrees (in writing) to treat you like a new car purchaser in terms of loaner cars, pick up/drop off service, etc., if you intend to use them for warranty/maintenance work. Good luck! Let us know what you decide to do.
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Replying to: gteach26 (Dec 03, 2004 6:09 pm) da Banker. |
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Replying to: ls430nsc (Dec 05, 2004 4:20 am) |
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A PA dealer offered me a 2004 LS 430 listed at $67,700.00 (Ultra lux package,,,all bells and whistles) at 10,300.00 below sticker price. Flint/black combo. I can buy it at $57,550.00. Is it better to buy a newer vehicle 2005 with a 10% discount and with a lesser modern lux package as opposed to purchasing the new 2004 alternative vehicle? I need an objective well-reasoned opinion.I'm looking for the best value over time. If the 2005 is a better option, I live in PA. Can any of you ladies and gentlemen provide a dealership...where I can get 10% discount off new vehicle. PA NJ MD are all possible. THanks-Pete I buy the vehicle, keep it for 4-5 years. |
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Replying to: gteach26 (Dec 03, 2004 6:09 pm)
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Replying to: dgbob (Dec 07, 2004 12:47 pm) |
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It's getting time to turn in my 2rd leased GS300. I drove an '01 LS430 at a dealer this weekend and was floored by how well it drove. My last LS Drive was the '90 LS400 that I sold in '96 after 120,000 mi. The difference is amazing- no wonder Car & Driver called it #1 over the other 5 $70,000 luxury cars. Any way, I got a lease quote from my local Santa Monica CA Lexus dealership (thru costco). Quote on a 4 yr, 15,000 mi/yr Basic '05 LS was $709/ mo including 8.25% tax ($655 no tax) and $1,200 drive off (Lexus motor credit). I was told this was $1,200 over invoice. Residual is $27,775. I also priced the modern luxury package w/ keyless entery. The quote was $830/ mo. with tax and the residual was LESS, $27,196. Question- How could this be? A lower residual for a more expensive $5,000 option? It's certainly contributing to the 17% higher payment. Secondly, I originally was considering buying a used '01 or '02 LS for say $31,000- $34,000, even bidding on Ebay to get one from say Texas. But according to my calculations, including depreciation, and $0 down, the monthly costs are pretty close, if not the same, not to mention the prospects of major service costs at 60-100,000 mi. In addition after looking at the residuals, above, I think that based upon the asking prices of used '01's that the $27,775 residual may be lower than the car's value in 4 years and one could possibly make money selling a leased car. Question: Why would someone buy a used luxury car with 45,000- 60,000 mi instead of leasing new if the differnce is $50- $100/ month. thanks, glen |
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Replying to: garyh1 (Dec 05, 2004 11:00 am) New deal - $57,500 for new '05 LS430. Modern Luxury package and 18' wheels. The '04 had been wrecked, so I gave it up. Feedback? Thanks. |
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Replying to: ls430nsc (Dec 07, 2004 8:00 pm) My purchase on 10/31/04 (when '05s had only been out around here for a couple of weeks!) was an '05 with Modern Luxury, Smart Key, 18" wheels, Preferred Accessory Package. List $62,734. I had it out-the-door for $55,987 (discount of 10.76%, $1,760 over invoice), with no additional charges of any kind other than taxes and tags (be careful that they don't try to stick you at the end with an additional "processing or "advertising" charge). I would think that should be doable again by 12/31 if you can find a dealer that has what you want in stock. You know they're going to be hungry for that last sale of the month/year. I suggest do your shopping around and stay on top of what's in stock, and be ready to pounce at the end of the month- or earlier if they'll meet your price. If your local dealers are not willing to negotiate lower and you are willing to consider working with an out of town dealer, email me (see my Profile) and I can check for you on what is available up here. There's a lot of competition here with 6 dealers in the Washington, DC metro area! Finally, also consider whether or not you want the 18" wheels; there are plusses and minuses. Coming out of a BMW and 2 MBs, I personally opted for the slight performance improvement with the 18". But see Steve's excellent summary of the issue in #6631 on the Lexus LS forum. |
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