- #123 of 551
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Re: Lexus says... [kyfdx]
by stevedebi
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Feb 15, 2006 (1:37 pm)
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Replying to: kyfdx (Feb 15, 2006 9:58 am)
"...on their website... that leasers can't take the credit.. Of course, they could be wrong... "
US Government DOE website says you can lease. Who knows?
http://www.energy.gov/taxbreaks.htm
"Individuals and businesses who buy or lease a new hybrid gas-electric car or truck are eligible for, and can receive, an income tax credit of $250-$3,400 – depending on the fuel economy and the weight of the vehicle. "
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- #124 of 551
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Re: Lexus says... [stevedebi]
by dondilyon
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Feb 16, 2006 (7:58 am)
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Replying to: stevedebi (Feb 15, 2006 1:37 pm)
The first paragraph of that article states as follows: "The Energy Policy Act of 2005 (EPACT), signed by President Bush on August 8, 2005, offers consumers and businesses federal tax credits beginning in January 2006 for PURCHASING fuel-efficient hybrid-electric vehicles and energy-efficient appliances and products". As I've said before, if you purchase the car you can then lease it and the PURCHASER can take the credit. As you know, the Department of Energy is not the IRS. However, in an effort to correct any confusion for people who visit the DOE's site, I have sent an e-mail to the Secretary of the department advising him of the sentence you cited and asking that they review the IRS's guidance and issue a clearer statement of their position on this matter.
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- #125 of 551
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Re: Lexus says... [dondilyon]
by stevedebi
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Feb 16, 2006 (9:23 am)
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Replying to: dondilyon (Feb 16, 2006 7:58 am)
Yup, the government is speaking out of both sides of it's mouth again - as usual...
However, I don't buy the "Purchase then lease"; I think that the original purchaser has to keep the vehicle. I realize that technically the leasing company owns the vehicle, so you may be correct.
I think my original idea (not mine alone) is the best - consult your tax professional...
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- #126 of 551
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Re: Hybrid Tax Credit in '06 [stevedebi]
by lexuslv
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Feb 28, 2006 (9:49 pm)
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Replying to: stevedebi (Feb 15, 2006 9:38 am)
Thanks to all for the additional info (and interpretations). I'm sufficiently confused. Will seek advice from a pro at tax time.
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- #127 of 551
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Re: $3,900 off MSRP in LV [lexuslv]
by lexuslv
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Feb 28, 2006 (10:10 pm)
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Replying to: lexuslv (Feb 13, 2006 1:04 pm)
UPDATE: Lexus is now offering unusually low money (lease) rates on the RX400h (.00146 = 3.5% APR). Rates went down President's Day weekend.
I leased at a substantially higher rate a week prior and Lexus re-wrote the contract without any hesitation. I was WOWed. Again, I wasn't very keen on buying a Lexus, but the 400h has been great and I've been able to take their great customer service to the bank.
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- #128 of 551
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Re: $3,900 off MSRP in LV [lexuslv]
by safeperfsnowsu
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Mar 01, 2006 (9:40 pm)
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Replying to: lexuslv (Feb 28, 2006 10:10 pm)
Don't hate me but I just paid 47500 for a fully loaded (had everything except the wood option and tow hitch and 12 miles on the clock)06 400h in the NE. E-mailed dealership on 27th asking for best price. E-mailed me back with 47500 on the 28th or 52and change on the 1st. Wasn't planning to buy so soon but the deal was too goodto pass up. Sat in it and test drove it for about 10mins the 1st time on the 28th came back in to the delaership and signed all the papers and paid. Picked it up today. I was not the most pleasant person to deal with as to be honest I don't like the flashy look of the car that much, nor the way it drives without a lot of torque, and think that the seats are not as comfortable as they might be but the Lexus service rep is true, they are really top notch. I was switching out of a X5 which I love (prices are all ex trade, before trade was even in the picture, but they gave me $500 more than BMW was going to give me on the trade which cut my taxes in half) mainly for environmental reasons, cost savings with the fuel economy, and because I am a pirahia in the pick up line at school with the X5. The 400 is a bit smaller than the X5 and my leg touches the center console where as it didn't on the X5 and the X5 had more comfortable seats also the X5 has better visibility (at 6'4" my eyes are at top of win screen level the drivers seat need to drop another inch or two, anyoe know if that can be done?) but drove it for a hour or so and considering that this car is about 20K less than a new X5 and easily get double the mileage than the X5 it isn't a bad car. Part of it I think is getting used to the electric acceleration vs the off the line torque punch of the X5 but I was able to pull in to traffic from a stand still in the 400 surprisingly well. The ride is very quiet compared to the X5 and the stereo impressive. I still have to figure out how all the systems work but te bottom line is that every minute that i spend in the car I like it more and miss my X5 less. The car is for the wife and is almost a foot shorter and loves it. Looks like I lucked out in spite of myself   and i really have to commend the guys at the Lexus dealership, they couldn't have been more accomodating even though they made almost nothing on the car (took a peak at the invoice on the car when the finance manager wa out making copies). A class act and I will be seriously thinking about trading in my 7 series this fall when their big sedan comes out with AWD and hybrid.
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- #129 of 551
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Just Purchased FWD 400h in So Cal for $43.5K
by kbsocal
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Mar 06, 2006 (11:31 am)
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I just bought a new FWD 400h with Nav, Mark Levinson, and heated seats from Longo Lexus in El Monte (So Cal) for $43,500 (+TTL)- less than the carsdirect price for the area. I agreed to the price over the phone with the internet department. And yes, they did put it in writing in an e-mail back to me. They e-mailed me a credit application which I faxed back. A few hours later, they sent me an interest rate quote and the financial terms of the deal.
When I got to the dealership a few days later, I examined the car, the printed paperwork, and I was out of there with my new car in little over an hour! As smooth a car-buying experience as you can have and I would HIGHLY RECOMMEND them in the area (a complete opposite experience than with Santa Monica Lexus which tried to change the price on me after I got to the dealership)!
I hope this information helps other prospective purchasers in the area.
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- #130 of 551
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Re: Just Purchased FWD 400h in So Cal for $43.5K [kbsocal]
by safeperfsnowsu
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Mar 07, 2006 (7:45 am)
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Replying to: kbsocal (Mar 06, 2006 11:31 am)
Congratulations, looks like you got yours for the dealer's invoice price. My fully loaded AWD was about $400 over invoice. I guess they are heavily discounting the 400h now, surprising that they would have to as it is a phenomenal car. Can't wait to trade my 7 series for the 500+hp LS460L AWD hybrid late this year if the performance in this hybrid is anything to go by!
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- #131 of 551
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Re: Just Purchased FWD 400h in So Cal for $43.5K [kbsocal]
by kenbt
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Mar 07, 2006 (2:47 pm)
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Replying to: kbsocal (Mar 06, 2006 11:31 am)
Can you tell me what the MSRP was on the RX400h?
I want to try to configure the car on the website.
I am located in San Pedro and Longo isn't that far away.
Thanks.
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- #132 of 551
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Re: Just Purchased FWD 400h in So Cal for $43.5K [kenbt]
by kbsocal
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Mar 13, 2006 (5:27 pm)
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Replying to: kenbt (Mar 07, 2006 2:47 pm)
Kenbt,
I configured the car on Carsdirect and Autobytel. I believe the MSRP was around $49,350. Carsdirect will only give you a few options from which to choose (because most of items that are "options" in the 330 are included in the 400h).
I hope that helps.
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