Last post on Jul 24, 2011 at 5:31 PM
You are in the Lexus LX 470/GX 470/GX 460 and LX 570
What is this discussion about?
Lexus GX 470, SUV
#18 of 153 latest info from my local Lexus dealer :(
Sep 24, 2003 (5:31 pm)
I just emailed my local dealer for a quote on an '04 GX, hopefully with the new options and hopefully with the new (higher) GVWR, here's his reply:
"The GX 470 that you have outlined in your e-mail, Kinetic Suspension, Tire Pressure Monitor, and Roll-Sensing Airbags, will not begin production until December of this year. This means that we will not see them until sometime in January or February. And this vehicle will be the first series to qualify for the over 6,000 pound gross vehicle weight. The 2004's that we have received so far still do not qualify."
Has ANYONE EVER seen a GX with a GVWR>6000 as of this date? If they can't get one buy the end of the year, I'll be buying something else. No choice.
#19 of 153 Re: latest info
Sep 24, 2003 (8:01 pm)
bjoye: The salesman might be blowing smoke. I was over at my local lexus dealer this week and he showed me the lexus generated e-mail that stated the GX470 September builds that have a 9700B code will be 6150 GSVW. Rear camera will be part of the Nav option and be on November builds. Lexus is very slow in communicating this information. I guess until all of the 03's are gone they don't want to inform us. I have a 6150 GSVW GX arriving the second week in October. I hope the sticker is right or my purchase is on hold.
#20 of 153 more than 6000 lbs?
Sep 25, 2003 (5:37 am)
i looked at an '03 GX and the dealer was saying this car qualified as being over 6,000 lbs, citing it as a selling point. but the place was swamped and i never got a chance to ask how this worked as a tax advantage. can someone please explain it?
#21 of 153 Rollover sensing airbags
Sep 25, 2003 (6:16 am)
Is this an option or part of the package? Is this first in the automobile industry. I think this a good item to have. How the system can detect if the roll rover is just about to happen?
#22 of 153 04 weight and tax issue
Sep 25, 2003 (9:24 am)
Thanks for the info, I've emailed my dealer again and asked him to double check. Do you mind telling me which part of the country you're in? I'm in Greensboro, NC. I may try emailing the dealer in Raleigh to see if they know anything better. My wife is probably going to kill me, I keep taking her up and down the GVWR roller coaster, one day I think we can get the GX, the next day I'm told we can't!
The weight issue is this: there is a tax loophole in section 179 of the tax code that says if your vehicle's GVWR (gross vehicle weight rating--not curb weight)is GREATER than 6000lbs, then it's treated differently than a passenger car. Bush's latest stimulus package raised the depreciation amount so that you could depreciate up to 100% of the value of the vehicle in the first year. So if you are a small business owner and use your vehicle 100% for business, then you can buy an SUV with a GVWR over 6000lbs and depreciate it 100% the first year. So if you bought a $50K SUV and were in a 40% tax bracket, you'd get about $20K off your taxes. The GVWR must be OVER 6000--so the '03 GXs DO NOT count no matter what the sales guy says. It has to be at least 6001 lbs. That's what I'm waiting on, the '04s to have a GVWR >6000. Hope that helps.
Sep 25, 2003 (9:44 am)
I am 100% ignorant on the business tax thing.
So are you serious?
You would save $20,000 on your income tax just for one more pound on the GX?
So on your business deductions (spending), how much do you deduct in order to save $20,000?
Do you deduct $50K?
If so, I gotta find myself a small business:-)
Sep 25, 2003 (10:43 am)
I am also new to this. I don't use my vehicle for business. But I think this is a great idea for people who use this vehicle for business use. BTW, I heard many discussions about the GVWR on 2003 GX (6000 lbs) vs. 2004 GX (6100 lbs). Why there is a different on the same vehicle? Isn't the options on the car?