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537 messages,  Last post on Sep 14, 2008 at 12:48 PM

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What is this discussion about? Lexus LS 400, Lexus LS 430, Car Buying, Sedan

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#500 of 537 Just bought 06 LS 430 with Ultra Lux pkg by theguru78 Dec 26, 2006 (9:55 pm)
Dear All,   I just bought a 2006 LS 430 (10k miles) dealer car (never titled) with all the options (i.e. ultra lux package with dynamic radar cruise control & Pre-collision) for 51k black with (Ecru) interior.
#501 of 537 Buying a 2004 LS430 by rindge Jan 16, 2007 (3:08 pm)
I came across a cherry 2004 LS430 with 49000 miles on it at a lexus dealer in buffalo. It does not have the nav system or mark levinson sound. The dealer wants $30k for the car. For an extra $3k he will bring it up CPO standard, which as you know gives me the warranty protection. Edmunds tmv for the car is about $35k. What do you folks think about that type of pricing? Is $3k steep to pay to certify as CPO? they claim it does need work - brakes etc to get it up to CPO standard. The car has a clean car fax and has had all of it service checkups.   thanks Replies to this message: rgsw (Jan 16, 2007 7:49 pm) rindge (Jan 17, 2007 5:23 am) rgsw (Jan 17, 2007 7:37 pm)
#502 of 537 Re: Buying a 2004 LS430 [rindge] by rgsw Jan 16, 2007 (7:49 pm)
Replying to: rindge (Jan 16, 2007 3:08 pm) I'm not familiar with the term CPO. Does the $3K to bring the car up to CPO include the extended warranty? I don't think Lexus will sell you an extended warranty after three years and or 36,000 mile. However, I'm not up to date on their terms. Looks like you have only 1K miles left on the basic car and more on the drive train. I guess, I'm wondering what a reputable private garage/mechanic would charge for the same service as the dealer is willing to provide. I note that Kelly Blue Book for my Area (NM) shows the 2004 LS430 as Retail $$43.8K, Private Party (good condition) $35.9K, and Trade In Value (good)as $30.5K. Good luck. I'm sure you will enjoy the car. Replies to this message: rindge (Jan 17, 2007 5:23 am) rgsw (Jan 17, 2007 7:37 pm)
#503 of 537 Re: Buying a 2004 LS430 [rgsw] by rindge Jan 17, 2007 (5:23 am)
Replying to: rgsw (Jan 16, 2007 7:49 pm) CPO is Certified Pre Owned and would provide the car with the Lexus 3 year 100k mile warranty. I'm trying to figure out if it is a godo deal - it seems as if it is. Replies to this message: rgsw (Jan 17, 2007 7:37 pm)
#504 of 537 Re: Buying a 2004 LS430 [rindge] by rgsw Jan 17, 2007 (7:37 pm)
Replying to: rindge (Jan 17, 2007 5:23 am) I was thinking that the extended warranty was around $2700 and that was a couple of years back. Sounds like a good deal. I personally would like the extended warranty if I were going to drive the car up to aroung the 100K mile mark or so. Good luck.
#505 of 537 Suggestions on 05 LS 430 by wabends Jan 27, 2007 (5:21 pm)
A friend of mine has been offered a Black 2005 LS 430 with the UltraLux package and 44,700 miles for $41900. It has CPO. The service at this dealership is excellent. Overall, the vehicle is clean in the interior and exterior (without any visible dents or scratches). Is it a good price?   Wabends Replies to this message: rindge (Jan 30, 2007 10:07 am) wabends (Feb 03, 2007 10:40 am)
#506 of 537 Re: Suggestions on 05 LS 430 [wabends] by rindge Jan 30, 2007 (10:07 am)
Replying to: wabends (Jan 27, 2007 5:21 pm) sounds like a GREAT PRICE to me. Use the emdunds tmv market vlaue calculator. Replies to this message: wabends (Feb 03, 2007 10:40 am)
#507 of 537 Re: Suggestions on 05 LS 430 [rindge] by wabends Feb 03, 2007 (10:40 am)
Replying to: rindge (Jan 30, 2007 10:07 am) Thanks for your input. I will pass it on. The Edmunds TMV concurs with your suggestion.   Wabends
#508 of 537 CPO rate and dealer incentive by wabends Feb 11, 2007 (11:57 am)
Lexus has a special going for CPO cars whereby customers with top tier credit can get financing at 4.99% for up to 48 months and 5.99% for up to 60 months. When I went to a dealership (which shall remain unnamed) to take advantage of this offer,I heard an unusual story. The F&A guy told me that dealerships are supposed to add up to 1% to the advertised Lexus rate because that is the only way they can make money. He was therefore asking 5.99% for up to 36 months and 6.99% for up to 60 months. Of course, I did not accept his story until I get verification. Is this true? My credit rating is in the top tier. Replies to this message: kyfdx (Feb 11, 2007 8:04 pm) wabends (Feb 12, 2007 4:00 pm)
#509 of 537 Re: CPO rate and dealer incentive [wabends] by kyfdx HOST Feb 11, 2007 (8:04 pm)
Replying to: wabends (Feb 11, 2007 11:57 am) Part of his story is true... The part about marking up the advertised rate to make money..   The part about that being the only way to make money is baloney..   Assume you are borrowing $30,000, for 60 months... That adds $840 to your deal.. Not a small matter.   Did the F&I guy tell you this after you agreed on a price? If so, just go back.. and tell them you will only do the deal at the Lexus advertised rates. Evidently, the sales manager thought he was making a profit, or he wouldn't have agreed to sell you the car for that amount.   regards, kyfdx Replies to this message: wabends (Feb 12, 2007 4:00 pm)

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