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Lexus RX 450h Prices Paid and Buying Experience

544 messages,  Last post on Oct 19, 2009 at 12:04 PM

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

What is this discussion about? Lexus RX 400h, Lexus RX 450h, Hybrid Cars, SUV


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#467 of 544
Re: $6,000 Cash to Dealer start: 01/08/2009 end: 02/02/2009 [Firebird_EOU] by bocastephen
Jan 08, 2009 (5:53 pm)
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Replying to: Firebird_EOU (Jan 08, 2009 5:40 pm)

$6000??? damn, I leased mine one week too early I got almost 3000 under invoice, but it looks like waiting a week might have yielded another 2-3K off even that.
#468 of 544
$6000 Dealer Cash by scoutandatty
Jan 09, 2009 (6:09 am)
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It looks like the $6000 may apply to more than just the RXs. I've also been pricing slightly used ESs with Levinson/Luxury on Edmonds and found a bunch yesterday AM $29,999. Last night, all of them were increased to $34-$35.
 
Am I misreading the price increase?
 
Does this make sense?
#469 of 544
Looking to buy 400h in Central FLA area by Ares1X
Jan 11, 2009 (4:29 pm)
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Dealer down in melbourne, FL has 3 2008 left. All area full loaded and list at 49,600. They quoted my rock bottom of 44,500. I was hoping to do better - arent we all ! anyways, is this a good deal for a car that is a year old? how much more will it depreciate when I drove off the lot?
 
TIA,
Ares
#470 of 544
Re: Looking to buy 400h in Central FLA area [Ares1X] by bocastephen
Jan 11, 2009 (4:40 pm)
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Replying to: Ares1X (Jan 11, 2009 4:29 pm)

I wouldn't even touch them - let them eat cake at that price, especially with the 6K incentive. 400h's are getting harder to come by, and I'd probably not buy one unless I got most of the 6K under invoice, given the depreciation hit you will suffer - the 2010s are only 4-6 months away from delivery, possibly sooner. I think Lexus wants all the 400h's sold and off the lots along with most of the 350s, as the 2010 350 is due around March.
 
Go to overstock.com and plug in zip codes for Ft Lauderdale, San Jose CA, Los Angeles CA (where I got mine) and New York City - see which overstock dealer has the best price - you definitely won't find a good price in Melbourne or anywhere else where one dealer services a geo area with limited stock. Be prepared to shop and buy from out of state if you want the right car, the right color and the right price.
#471 of 544
Re: Looking to buy 400h in Central FLA area [bocastephen] by Ares1X
Jan 12, 2009 (3:06 pm)
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Replying to: bocastephen (Jan 11, 2009 4:40 pm)

thank you.
I have no problem traveling for a good deal just didnt know where to look. I'll go check it out right now...thx !!!
#472 of 544
Re: Looking to buy 400h in Central FLA area [bocastephen] by Justinguo
Jan 15, 2009 (6:22 am)
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Replying to: bocastephen (Jan 11, 2009 4:40 pm)

New to this forum, one quick question. I am thinking to buy a 2009 400h. Given the $6,000 from Lexus to dealers, what is the reasonable price I should offer? $6,000 below invoice price? or higher? Thanks a lot
#473 of 544
Re: Looking to buy 400h in Central FLA area [Justinguo] by bocastephen
Jan 15, 2009 (8:05 am)
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Replying to: Justinguo (Jan 15, 2009 6:22 am)

There is no 2009 400h - the model is still sold as a 2008. A fairly dumb move by Lexus, since Toyota continued their unchanged Prius from 2008, but at least called it a 2009 model to keep the resale and residual values up. Lexus decided to sell a 2008 well into 2009, which means your "new" car is going to take big value drop the moment the ink dries on your sales agreement.
 
I can only speculate that Lexus decided not to ship the model as a 2009 because they stopped production before the 2009 calendar year, but they should have looked at the valuation picture from the consumer's point of view and started shipping the model as a 2009 back in late summer, even for a limited production run.
 
That being said, check the overstock.com pricing information for your zip code to see how dealers are applying the cash - you should be able to take the invoice price and chop off at least 5k. You may need to be more price flexible as the retail supply dwindles and your color/option selection becomes harder to find.
#474 of 544
Great Experience by bocastephen
Jan 21, 2009 (12:24 pm)
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After a shipping delay, my new 400h just arrived. I want to share my great buying experience with the Lexus of Cerritos (Southern CA) fleet sales team - they offered a great price (no haggling needed), underpriced the competition, found me the car, did most of the work over the phone, and had everything ready for me to sign when I got to the dealer - no shenanigans.
 
Sometimes buying a car remotely can be a hassle, but these folks were top-notch, and although I expected a surprise along the way, nothing came up.
 
If anyone is still finding a tough time getting a good deal, especially in the Southeast or Texas, give these folks a shot.
#475 of 544
Re: Great Experience [bocastephen] by Justinguo
Jan 21, 2009 (12:49 pm)
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Replying to: bocastephen (Jan 21, 2009 12:24 pm)

Could you please share more info regarding your purchase, such as price and option? Thanks.
#476 of 544
Re: Great Experience [Justinguo] by bocastephen
Jan 21, 2009 (1:36 pm)
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Replying to: Justinguo (Jan 21, 2009 12:49 pm)

sorry, I had it listed upthread...but it was a December to Remember deal, which is no longer available as a good lease, and you should get a better selling price now than I did with the heftier factory rebate.
 
MSRP was 49,4k
Selling Price (cap cost before 1k DP) was 40,8k
MF was 0.00035 (December to Remember)
Residual was 47%
Monthly Pymt before sales tax - 506
Total Drive Off was under 2k including 1k DP, license, first month, no dealer fees
 
As I noted in the R400h lease thread, I re-ran the numbers using the 0.00285 MF, the 46% residual and chopped almost another 3K off the selling price of the car because of the better factory money, but the payment went up by almost 80/mo due to the horrible money factor and worse residual being offered now.
 
If you can finance the car instead of leasing it, you should be able to get the same car I did for about 37 and change.
 
My car is a 2WD R400h with leather, Nav, wood, tow prep, heated seats, and graphite wheels

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