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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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#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
#477 of 544
other capitalized costs in leasing 400 h by austin999
Jan 23, 2009 (8:31 am)
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I'm wondering if anyone else had the following extra captialized costs in 400 h lease?
Acquistion fee = $700 (is this mandatory/optional)
L & M fee = $493.80
MV Sales/Use Tax Reimbusement = $78.47
#478 of 544
Re: other capitalized costs in leasing 400 h [austin999] by bocastephen
Jan 23, 2009 (9:46 am)
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Replying to: austin999 (Jan 23, 2009 8:31 am)

700 acquisition fee is mandatory - you can offset it via a downpayment if you don't want to finance it.
 
Not sure what the L+M fee is, but if it's license and title, then it would depend on your state - again, you can pay that upfront in cash and not finance it. MV sales/use sounds like a state tax or something - have your dealership finance man explain all these numbers.
#479 of 544
1 pay lease - advantages/disadvantages by austin999
Jan 23, 2009 (9:55 am)
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has anyone tried 1 pay lease or multiple security deposit(s) option.
It seems to be about $2,500 less lease payment, with 1 pay lease for 3 yr lease term.
 
I'm not sure if there are any disadvantage(s) with this 1 pay lease option from Lexus.
 
Also, any input/feedback with multiple security deposit(s), is very much appreciated.
#480 of 544
Re: 1 pay lease - advantages/disadvantages [austin999] by briegel
Jan 23, 2009 (10:10 am)
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Replying to: austin999 (Jan 23, 2009 9:55 am)

I have used the multiple security deposits option, as have several others on this forum. It is a good way to reduce the money factor and therefore the monthly payment. You use your available cash as an investment that gives a return in the range of 15% plus based upon the difference in the monthly payment. The money is returned to you at the end of the lease. The monthly payment is not reduced as much as it would be if you used the cash as a down payment, but you eliminate the risk of loss in the case of the car being totaled.
#481 of 544
Re: 1 pay lease - advantages/disadvantages [briegel] by austin999
Jan 23, 2009 (10:21 am)
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Replying to: briegel (Jan 23, 2009 10:10 am)

I greatly appreciate your feedback.
 
how much will the MF be reduced with the multiple security deposits option?
 

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