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You are in the Prices Paid - Buying & Leasing Experiences
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Lexus GX 470, Car Buying, Car Leasing, SUV
#617 of 1157 Re: Lexus gx 470 [rocobar]
Sep 29, 2005 (3:55 am)
I'm in the same boat... this seems like a great time to get a good deal on a 2005, but then it starts off with a year of depreciation soon after you drive it home. Still I think 2005 is the way to go unless you are planning to lease, in which case you're probably better off with a 2006 since it will have a higher residual and your payments probably won't be much different than a 2005, but you'll have a 1 year newer car when the lease expires.
#618 of 1157 Is this a good price?
Oct 02, 2005 (3:44 pm)
Received an offer of $48,500 on a 2006 GX MSRP of $54,608 with the following options:
3rd row seating,
Mark Levinson Audio
DVD Rear Entertainment System
Preferred Accessory Package
Should I jump on it. Thank you fin advance for all of your help.
#619 of 1157 Re: Is this a good price? [dmart28]
Oct 04, 2005 (5:54 am)
Sounds like a good deal to me. I paid MSRP for my 2003 when they first came out. I have an order in at Lindsay Lexus of Alexandria, Virginia for a fully loaded 2006 GX (including the Sports Package) and have been quaking in my boots at the prospect of negotiation. This is encouraging. Would you mind telling where you're getting this deal? At least the city? Thanks.
#620 of 1157 Re: Is this a good price? [dmart28]
Oct 04, 2005 (11:59 am)
$48,500 seems a damn good price for a loaded 2006 GX 470. Which dealer quoted you this price? Thanks
#621 of 1157 $48,000 Re: Is this a good price? [dmart28]
Oct 05, 2005 (4:44 am)
I'm still comparing GX470 with MB ML350. It appears that dealers now are more willing to lower their prices due to high gasoline price and decreased interests in SUV's. I got an offer of $48,000 for the same 06 GX470 configuration as yours from a local Lexus dealer; an offer of an 06 ML350 at the inovice. We reason that probably if we wait for a while, the downward pressure on pricing will be even greater.
Dealers make more money on "holdbacks" from car manufactures, so turn over rate for them is more important than haggling a few hundred bucks away from a customer. One more day parking in the lot is one day loss for the dealers.
The advantage for us is that we have the money in our pockets: we decide when to buy and from whom to buy.
#622 of 1157 Re: $48,000 Re: Is this a good price? [jim_becker]
Oct 05, 2005 (5:13 am)
From which dealer did you get your offer on the GX470? Thanks.
#623 of 1157 Re: $48,000 Re: Is this a good price? [szhou]
Oct 05, 2005 (5:18 am)
It's in metro D.C. area. I'll post detailed info when I complete the purchase.
#624 of 1157 Re: $48,000 Re: Is this a good price? [jim_becker]
Oct 05, 2005 (8:12 am)
Hi Jim -- Regardless of which SUV you buy, I'll be interested to know which Lexus dealer you're talking to. Frankly, even with all I've been reading in the media about SUV sales, I'm surprised that Lexus is discounting so early in the model year. This is as it should be, and probably also reflects Toyota's wish to maintain the huge market share it's established in the U.S. BTW, I highly recommend last week's Barron's article about Lexus.
Hmmmm.....at the same time, I wonder if it's going to be a struggle to get a decent price for my 2003 GX!!!
#626 of 1157 Re: Is this a good price? [dmart28]
Oct 16, 2005 (12:03 pm)
You and jim becker both specify "06" as the model year for your $48,500 and $48,000 quotes. I've been checking Internet sales for a couple of dealers and their offers are more in the $51,500 range (which is $3,000 higher). The higher price seems more in line with what Lexus would do on their new model 06. Even Kelley Blue Book lists the "New Car Blue Book Value" as $51,231. The lower prices seem more like what they're getting for their end-of-year 05 inventory. Nobody's named a dealer that's offering those very low prices--so I'm waiting before I stick my neck out in negotiations. Can y'all confirm that these rock-bottom prices are, indeed, for 06's, and, if so, what dealer????