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Lexus GX 470, Car Buying, Car Leasing, SUV
#627 of 1157 Re: Is this a good price
Oct 16, 2005 (8:06 pm)
Purchased 2006 GX 470 based on the below config (no rear entertainment system) from Lexus of Westminster in Orange County, CA for $47,500 (w/o tax, license,title). Most Internet quotes for this same config were $47,880. Internet quotes from other dealers which included the Rear Entertainment System were $48,995 (Keyes Lexus, Van Nuys, CA) to $49,096 (Lexus of Riverside,Riverside, CA). $48,500 seems to be an acceptable and reasonable counteroffer. However, the price of $48,000.00 seems to be on the very low side for a quoted price.
3rd row seating,
Mark Levinson Audio
Preferred Accessory Package
#628 of 1157 Sport Package deal
Oct 31, 2005 (3:33 pm)
I just purchased an '06 with Sport Package and have assembled quite a bit of evidence that my dealer didn't give me a very good deal. Partly my fault for not "shopping around". I'd be glad to discuss it, but want to hear from somebody else who's bought one with Sport Package before going into details. Anybody out there?
#629 of 1157 Re: Sport Package deal [rappcova]
Nov 01, 2005 (6:58 am)
Well I got mine for what was essentially $1500 off MSRP. I didn't want to wait, so I paid market price (or not) at the time. I am sure you did better than that.
#630 of 1157 Re: Sport Package deal [davidc1]
Nov 01, 2005 (7:03 am)
Hmmm....Yes, I would guess you could have done better. Your deal certainly doesn't help my case. I got mine for $2,800 off MSRP. Still would like to hear from anyone who thinks he/she got a good deal on the Sport Package equipped 06.
#631 of 1157 Re: Sport Package deal [rappcova]
Nov 01, 2005 (9:54 pm)
I was reading this forum and thought I would respond. I just got my 06 GX470 with sport package on Friday... but I lease all my vehicles so I can drive new every 3 years. I am assuming you bought. I live in MN and I got offered $3000 off MSRP as an opening offer. I didn't think that was a good deal. I called a National leasing company to check rates for the lease and that is when I was informed for sure that it was not such a good deal. He was able to get me the same car with an MSRP of $57,358 for $49,900 plus $600 for shipping for a total of $51,506. My rate ended up at 5.6%, but I was only offered 5.5 at Lexus. My payment is about $755 a month. I am happy with that deal. They were great to work with and they delivered the car right to my house. I dont think you got ripped off, I think its just typical of the dealership. Lexus, BMW, Ranger Rover...they dont like to discount their cars and for the most part they dont have to. Hope this helps a little. I love the car though and hope you too are happy with your new ride. Good Luck!!
#632 of 1157 Re: Sport Package deal [mschissl]
Nov 02, 2005 (7:54 am)
Thanks heaps for your info. It completely confirms other research I've done--here on the forum and by "negotiating" anonymously with other local dealers. I figure that I should have gotten about $2,400 more in discount (which isn't even as good as you got). But yesterday I came up with another theory. Remember the rule that you should NEVER bring the trade-in into the new-car negotiations until after you agree on a price for the new car??? Well, I ignored that rule. I had obtained a quote on my '03 from CarMax for $33,000 which was above Kelley Blue Book trade-in. My dealer offered me $30,600. When I showed them the other quote, they refused to budge. The difference in quotes was $2,400. Is it coincidental that I think they gouged me $2,400 on the new car? I don't think so. If I had accepted their low quote, they would have certified the old car and made a bundle in profits. I might have gotten $2,400 more of a discount on the new car, but the net result would have been the same as I now have. However, if I had kept my high quote in my pocket and done a better job of research/negotiation before agreeing to a price on the new car, I'd be at least $2,400 richer today. So, finally, you're quite right--a dealer will get just as much as he can. What irritates me most is that this is the 5th Lexus I've bought from the same dealer and same salesman. Customer loyalty means nothing, and I naively thought it did. Good lessons for forum readers: 1. shop and research 'til you drop and 2. leave your trade-in out of new car negotiations until after you agree on the best price for the new car. Again, many thanks--the more I can confirm I was right, the better I feel. And yes, I love the new car--it's the best SUV out there!
#633 of 1157 Good Deal on 2005?
Nov 06, 2005 (9:17 pm)
I received an offer of $47,298 on a 2005 GX470 with an MSRP of $51,298. I am in New Orleans and of course a lot of folks are buying after the storms and there's only one dealership. It seems that either I need a better deal on the 2005 or it makes sense to go for the 2006. Any advice. I need to buy this week!
#634 of 1157 Re: Good Deal on 2005? [jap2]
Nov 07, 2005 (6:10 am)
Your dealer no doubt has a captive audience down there. If I were you, I would get on the Internet and start negotiating with a couple or three other dealers in near-by states. At this point in the model year, they should be selling 2005's for just a bit over invoice. It would be worth the extra $2,000 or more in savings to travel to another dealer to take delivery. If you're not getting a good deal on the 2005, I'd bet that the deal on the 2006 at your local dealer would be far worse. I've found Internet negotiating to be quick and easy. SUV's are not moving well right now. You are in a buyer's market, if you can just find a person willing to negotiate. Hope this helps.
Let us know how you do.
#635 of 1157 Re: Good Deal on 2005? [jap2]
Nov 08, 2005 (3:37 pm)
Although I have recently purchased a 2006 GX470 in Orange County, California, I am still receiving Internet quotes from various dealers via their automated e-mail system. Long story short, just received an internet fleet quote from a So Cal dealer for a November sales event advertising all 2006 GX470's for a cost of FACTORY INVOICE.
Which means that if I would have waited another month I would saved the $1300 (over factory invoice)I paid. OUCH!
#636 of 1157 Re: Good Deal on 2005? [rick40]
Nov 08, 2005 (3:48 pm)
FACTORY INVOICE? Can you name the dealer? What site did you use for your internet search? I'm in the market (most likely next month) and I understand from one dealer that they have their annual sales event in December, starting on the 5th. Sounds like your guy may be jumping the gun?