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Lexus ES 300/ES 330 Prices Paid and Buying Experience - READ ONLY

1357 messages,  Last post on Jun 16, 2008 at 7:37 AM

You are in the Prices Paid & Leasing Experiences Archive Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus ES 300, Lexus ES 330, Sedan


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#1077 of 1357
Re: comparion [beemertime] by atoews
Oct 09, 2005 (11:11 am)

Replying to: beemertime (Oct 08, 2005 7:28 pm)

Well, I think you may have taught me something here. For some reason I was under the impression that the TMV took a bunch of data like maintenance and repair costs and normalized it so that a prospective buyer could take the maintenance and repair into consideration when choosing among different vehicles. In that sense the TMV would be normalized to include MSRP + maintenance + mpg and other costs. Example: Suppose GM Auto A had the same MSRP as Toyota Auto B. But if Toyota Auto B had much less expensive maintenance, the TMV would be higher than the GM Auto A.
 
I wonder why Edmund's posters or the hosts have not pointed out that what I was doing was replicating what the TMV already does, except that Edmund's probably uses better algorithms than I do! From now on, I'll just refer the posters to the TMV!!! TMV is probably a better indicator than what I provide unless Edmund's posters get better deals than the average purchaser.
 
Oh, well, if nothing else, at least I think I convinced some posters to go negotiate much better deals than they would have had I not egged them on!!
#1078 of 1357
Re: comparion [beemertime] by atoews
Oct 09, 2005 (11:17 am)

Replying to: beemertime (Oct 08, 2005 7:28 pm)

The answer to your first question is yes, 90% of $36,178 is $32,560.
 
The answer to your second question is that the reason TMV is 97% MSRP is that the quote is for a 2006, which is so new that perhaps purchasers are paying a premium for it. I expect the difference between TMV (97% MSRP in California) for a 2006 versus for a 2005 (currently 88.6% in California, which probably recently happened with availability of the 2006) will drop like a rock in very short order.
 
I suppose my analysis has helped me in that based on my knowledge, there is NO WAY I'd pay almost 9% of MSRP for a 2006 over a 2005. If I had to, I'd wait several months or get the 2005.
#1079 of 1357
2005 ES330 auto w/5speed,navigation??? by madhurianil
Oct 10, 2005 (7:27 am)
Hi Folks,
I got a south florida dealer quote for 2005 ES330 auto w/5speed,navigation (permium package) for $32999 + tax,tags and any applicable fees.
 
There is one more dealer Lexus of Kendall,in south maimi,waiting on their quote.BUT CAN YOU FOLKS SUGGEST,HOW MUCH IS GOOD PRICE? AND HOW MUCH BARGAINING I CAN DO ON THE PRICE QUOTE.
 
Thanks,
M
#1080 of 1357
Re: used 330 [beemertime] by seabush
Oct 10, 2005 (7:46 pm)

Replying to: beemertime (Oct 07, 2005 4:18 pm)

Is it 17,000 or 1,700 miles? I've seen you use both in this exchange. If 17,000 miles, then $24300 is fair. If 1700 miles, then $27900 is a good price for a certified vehicle. A fair price for the 2005 330 (no options) with 110 miles is $29,100.
#1081 of 1357
Re: 2005 ES330 auto w/5speed,navigation??? [madhurianil] by seabush
Oct 10, 2005 (8:08 pm)

Replying to: madhurianil (Oct 10, 2005 7:27 am)

Here's a formula I've used in the past.
 
Dealer's Actual Cost = (Invoice Price - Factory To Dealer Incentives - Factory Holdback)
 
Your Offer = (Dealer's Actual Cost + 5% )
 
Based on your situation, I recommend an offer price of $31,800.
#1082 of 1357
Re: used 330 [seabush] by beemertime
Oct 10, 2005 (8:21 pm)

Replying to: seabush (Oct 10, 2005 7:46 pm)

seabush, the 2 car was a 2004 es330 with 17,000 miles on it, no options. MSRP for $29900, dealer asking for 27900 certified. (I mis-type the mileage the first time)
 
the first car it's a 2005 es330, asking and selling for $31988 with 110 miles.
 
My question is which is the better deal? what is a "good" for a 2005 es330 with reasonable mileage?
 
Is 2005 that much better than 2004 in your opinion? I like 2005 because it has the audio contol on the wheel instead of on the dash.
 
Many dealerships in my area, CT tend not to like bargaining for 2005 es330. i even checked the one in RI and MA. both states are about the same with prices on 2005 es330.
 
What i found strange was one Lexus dealership in NJ tends to offer any lexus cars about $1000 less than their competitors, why? Can I trust that dealership? It is one of the lexus approved dealership.
#1083 of 1357
Re: used 330 [beemertime] by seabush
Oct 10, 2005 (10:04 pm)

Replying to: beemertime (Oct 10, 2005 8:21 pm)

An asking price of $27,900 is too much for a 2004 car with such high mileage. I think $26,500 is fair for a certified vehicle. I would buy the new car with less mileage over the 2004. I wouldn't pay more than $29,960. My calculations are between $29,390 and $29,960 for the 2005 car.
 
http://www.carquotes.com/tradein_valuations.asp
#1084 of 1357
Re: used 330 [seabush] by beemertime
Oct 11, 2005 (4:51 am)

Replying to: seabush (Oct 10, 2005 10:04 pm)

For that 2004 es330, edmunds.com has it listed for $26600 for used, and $28800 for certified. You think around $26600 is fair for certified?
#1085 of 1357
Re: used 330 [beemertime] by seabush
Oct 11, 2005 (2:01 pm)

Replying to: beemertime (Oct 11, 2005 4:51 am)

I originally thought $27,900 was fair but rethought this after looking at the Black Book retail prices for a 2004 Lexus 330 with 17,000 miles (no options) . Here are the Black Book Retail Prices.
 
Clean - $30,125 (No body scratches, dents, rust or other signs of wear. Interior is perfect. Very low mileage. Very few vehicles qualify for Clean when a vehicle is traded in.)
Average - $28,275 (Body is very clean with only a few minor scratches, no dents and no rust. Interior is very clean with very little noticeable wear. Mileage less than 15,000 miles per year.)
Rough - 24,375 (Body is very rough with many scratches, dents, rust or hail damage. Interior is dirty and shows excessive wear. Mechanically needs work. High mileage.).
 
I have no idea the condition of the car but labeled it rough due to the high mileage. I tacked on 2K for the additional warranty plus an estimated $200 it took the dealer to recondition the car. This totals up to approximately $26,500 (actual 26,575). It sounds like you think my pricing is too aggressive?
#1086 of 1357
buying experience by dshahs
Oct 11, 2005 (2:38 pm)
I just ordered a 2006 blue onyx on ivory es 330 for $34700. The MSRP on this car is $38174. It is fully loaded with Navigation BUT the dealer said that Mark Levinson audio is no longer an option for the 2006 ES 330's. Do you guys think this is a fair deal? Thanks in advance for replying.

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