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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
You are in the Prices Paid & Leasing Experiences Archive Forum. Your Hosts are car_man & kyfdx
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.
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Replying to: wabends (Feb 11, 2007 11:57 am) 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
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Replying to: kyfdx (Feb 11, 2007 8:04 pm) |
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I bought my 2002 LS430 in Nov 2001. The car is equipped with the middle package with includes the Mark Levinson sound system and GPS. The price was the base of just over $54,000 plus about $5 or $6 K for the package. In all the dealer invoice was $8000 lower then the list price. I was able to get the car for $4000 discount off of the list price. But about a month or two later I discovered that some dealers were willing to discount the car by $5000. I still have this car which now has 70K miles on it. The only problem thus far is the CD player just got a problem this week. The CDs cannot be removed nor will it play. It was working fine and when I tried to remove a CD it went through the routine but then hung up. |
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Hi, this board has helped me decide to pursue my dream of owning an LS 430. I started out considering an ES but decided to indulge myself with the best! Does anyone know the current residual value and money factors being used now? I am looking to lease one with the ultra luxury package, probably in the next month or so. I'm thinking a 2 year lease, with 15000 miles. There dont seem to be too many around here in Northern VA, so I may have to look in neighboring states. Thanks for all the great posts and information!
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Replying to: suzq2 (Feb 17, 2007 12:29 pm)
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Would anyone happen to know if it is possible to buy an extended warranty on a 2004 70,000 mile Lexus LS 430 through Lexus? Any advice would be appreciated. Is it worth asking my local Lexus dealer to CPO the car? Thank you. |
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Replying to: wabends (Feb 18, 2007 11:37 am)
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Replying to: suzq2 (Feb 23, 2007 3:15 am) Better choice because you save money! I nearly got the LS 460 last month but decided to wait until 2009 when I can get a CPO 2007 Ultra for several thousands less than the premium they are charging now. Also, the LS 600h will be out by then. If you plan to keep the car for a while, you may consider buying the 2004 model because you get more options e.g. smart access (which is not available in the 2003 model). Take a look at Lexus of Silver Spring, MD; they had a sizable inventory and they are good people. I will be glad to give you a contact person there. Good luck. |
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going to look at LS430s 1st time this week. 2002 looks like right price range for what i want to spend. dealer has three 2002 CPOs listed on their website 1) 31K miles, $31788, Nav, Levinson sound, 2) 56k miles, $28988, Nav, Levinson sound 3) 55k miles, $28488, NO nav, no Levinson so, what questions should I be asking when looking at these? are there specific maintenance or wear items I should try to make sure are already done? what prices should i be shooting for (i know about TMV, i'm looking for real world what people are seeing)? etc. thx in advance for ideas.
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