Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Prices Paid and Buying Experience
2783 messages, Last post on Nov 24, 2009 at 8:38 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
|
|---|---|
|
I just leased a 250 w/Nav and a few other options from Superstition Springs Lexus in Mesa Arizona. MSRP 380045 CAP cost 34230 Residual 20924.74 Money Factor .0010 36 month, 12K miles per year $2500 down Payment $458 per month. Happy new year to me! |
|
|
Replying to: srizvi1 (Dec 29, 2008 9:08 pm) I Had a chance to visit two Lexus Dealers today in the DC area. One of the places was the one who I had my best internet price of $37,450 e-mailed to me from (a first round price that was given). This one was a silver/Tungsten one w/ Luxury Package (which has Navi), Parking Assist, Headlamp Washers, and Dealer Preferred accessories. After test driving and talking, I got them first down to $500 off, or free XM, and then it become $500 off AND XM. Seemed like there might have still been room to negotiate, but I didn't have any sort of bottom number so it could only go so further. Then I went to the other dealer and the perk of them is that they had two IS 350s both with the Sports package. - a silver/Tungsten one and a Smoky Grey one. The smoky gray one was the preferred one, but it had a spoiler that I didn't care much for. The best they were going to do was beat the other dealer's best price of $39,950 & XM installed by $100 on this (Slightly) more expensive one. Both dealers said they would not give me these prices after today. Let's see if that's the case. Now I'm going to e-mail my best prices to the remaining dealers in the area and see who'll beat it and by how much. If the difference is minimal (within a couple hundred), I'll buy from one of the places I've already visited. I really want that Smoky Granite Mika one though. That's my perfect car. pretty much all other dealers around here have the same silver/tungsten build w/ luxury package.
|
|
|
Replying to: srizvi1 (Jan 01, 2009 2:19 pm) 1st seemed uninterested in getting any vehicle other than what was on there lot, didnt have any brochures. 2nd did a testdrive but price seemed on the high'ish side and could either get an in-stock color and qualify for december to remember financing or they could source a vehicle in color for even higher price and no financing. Contacted them by email 3 times since test drive to see if they wanted to discuss further letting them know where I was coming from but "No replies". I think the Lexus dealership in area arent trying to make sales - they are just trying to sell what they have. If I'm paying this much money I want the color I want.,,,, Anyway, the didnt make a sale because they didnt bother getting back to me. But if anyone knows of dealership out west with a Truffle Mica / IS250 AWD who is looking to make a sale.... |
|
|
Been looking at 2008 IS250 here in the Bay Area and the dealership here seem to think 2008's will hold their values with the 2009's out already. The best price I have gotten from a local is 35K OTD with Navigation, which seem awfully high for a 2008! I countered at 31K OTD, was countered they only sold for profit!! Understood but this is a 2008. Plus their inventory seems to grow every month with 2008's coming into their lots. What have you guys been quoted on 2008's? Thanks
|
|
|
Replying to: Gamus (Jan 02, 2009 8:24 pm)
|
|
|
Replying to: 12601 (Jan 03, 2009 4:16 am) The funny thing was it was same car they had on their lot since late November and it is still there and they still aren't budging on price and they post 2008's on Ebay with a buy it now around 37K plus tax and lic. I guess I will wait for the current promotion of 0.9% to end and see if there is a new promotion to blow out the 2008's.
|
|
|
Replying to: Gamus (Jan 03, 2009 7:54 am) You had suggested that their could be a better promo coming than their current .9% financing promo. What are the odds of that because from what I understand, their current 0.9% financing ends on 1/5/09 so I was making it a goal to have that as my last day to pick out my IS 350. Between now and then, I'm shopping around my lowest price ($36,850 w/ XM included - rear spoiler, sports package, Parking assist, and dealer preferred accessories) to see who can beat it. But if there's a chance for something better the next day, then I won't set myself a hard deadline.
|
|
|
Replying to: srizvi1 (Jan 03, 2009 7:59 am) I want the 0.9% promo also before it ends, but with that promo, i just think Lexus, doesn't want to "lose" money and has been quoting $500-$1000 over invoice. It has been difficult to negotiate the OTD price ( at sub 35K OTD), since they started that promotion but then again I am firm with the price I want to buy at 31-32K OTD. (realistic or not but from the above post I am in the ballpark for a 2008 IS250). I even offered 33K OTD at one dealership and was told by the sales manager they only sell at profit. So I left after 30 minutes. Also, in response to Lexus dealerships and email quotes they are very bad communicators of email they rather call and call and pretend they only got a request you are looking for a car and calling to verify model and package and even after all that they don't email any numbers. I am only speculating there might be a "better promo" later to get rid of the 2008's, by no stretch do I know that is the case. Lexus Sales off by 30-40% compared to last year and the 2008's backed up with more 2009's on the way something has to give.Reading through the Toyota buying exp, and seeing those models sell at or under invoice why would I pay over? Or another way to think about it - when the 0.9% ends for the 2008 models, how are they going to market 2008's against the 2009's models? Or if the 0.9% program is not giving them the sales volume they need what is next? I might be screwing myself by not going for the 0.9% but it is just does not make financial sense to buy a 2008 near 2009 prices with only the 0.9% incentive, which does not address the depreciation of a 2008 model. That is my stance on buying in this economic climate. I will go back today and see if they are in the mood to take 32K OTD!
|
|
|
I would tend to agree that in current economic climate that they will have to come up with additional promotions, more aggressive pricing. Being offered a IS250 AWD without Nav for 38500 OTD does not seem a great deal by any stretch of the imagination. I'm too found that getting email price quote from dealers was like pulling teeth. They all want you to go in or to talk to you on the phone. How simple can it be to give a quote - plus they know where the quote request is coming from (so they should be able to see what that web site - such as Edmunds.com is saying is TMV price) I'm not trying to stop someone making a profit on the deal but hey, with the internet we all know what the invoice pricing is and we all know how dealers make money on deals - so telling us they dont make money on deals is total BS, or going through the haggling process. They are in the business of selling cars, if they dont make a deal that would have made you some profit ( albiet smaller) and additional thorugh manufacturer cash back and after sales service etc. and the customer walks away - they have made Nothing. |
|
|
Replying to: Gamus (Jan 03, 2009 8:51 am) I believe that the 0.9% financing ends on Monday but I wonder if the dealer incentive of $2k ends then too. Here's where I myself am: I think Monday is when my purchase is going to go down and I think I'm down to two dealers who I have to choose from. I'd like to gamble with you guys and hold out, but we need a car pretty soon anyways, I'm already $2k+ I think below invoice so I think I'm hitting my discount ceiling. Another reason is that I keep spending so much time emailing and shopping around that whatever further I can push, it probably isn't worth it for the time and effort I'm putting in. Lastly, my selections are starting to get a little limited - Of the 7 dealers in my area, 1 dealer doesn't have a new 2008 IS 350 anymore, the other 2 only have a modified one each that are pretty hooked up beyond my price range, and the 4 remaining are what I have to work with. You both talked about e-mailing Lexus dealers being annoying. I've had decent luck with most being cooperative, some being difficult. One dealer has been very exceptional and gave me my best price at the start. When I went in to see her, the deal was better. And I really liked her attitude. The problem is that she has the 2008 IS 350 w/ Luxury Package and I really want the Sports Package. The only dealership that has that has been a bit of a chore to communicate with and I REALLY don't want to reward them with my business - but they have my preferred car. I met with these people on New Years, they beat the first dealer by a decent amount, but I still walked because I wanted to be sure on the price. Now I'm pretty sure so here's my final move: I'm waiting for confirmation from the dealer w/ my preferred car to get back to me and tell me they will still honor the deal that I didn't take in their dealership when I went in ($36,850 w/ XM included). The deal was a deal that would expire if I left so... let's see if they really meant it. If they say they will, then I'll shoot an email to dealer that's been good with me and give an extremely low (but not insulting) price (if anyone has any suggestions, please let me know). I'm going to pray that they don't accept this price so then I don't feel bad for going w/ hard-to-work w/ dealer #2 and getting my preferred car. If they do accept the price.. 
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Lexus IS 250
2011 Lexus IS 350
Browse by Board
Browse by Topic
Today's Chats
