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Lexus ES 350, Car Leasing, Car Buying, Sedan
#1122 of 2890 Kuni Lexus Purchase, Denver
Nov 12, 2007 (1:57 pm)
I purchased today. The MSRP on my loaded up 2008 ES 350 was 42421 (this is the factory MSRP). The invoice price was 37732.
Invoice price on my 2008 (verified by 2 dealers)
rear airbags 200
full spare 164
HID lights 652
power rear sunshade 168
park assist 400
prem plus 2058
wood steering 264
preferred acces package 117
rear spoiler 199
They came down to $100 over invoice plus their fees of $399, so I paid $499 over invoice. (I originally made the deal at 500 over invoice, and when I saw the fees in the financing office I told them I was very upset and was not going to pay 900 over invoice, and they caved in). I was able to get them down to 5.9% for a 5 year loan putting 10,000 down. (they originally wanted me to take 6.4).
So, when you say you paid so much over invoice, remember you have to include all the dealer's fees so we are all working with the correct numbers here. I ended up getting about 10 percent off the MSRP (4190).
I believe the only way to get this deal is to go through the internet. I told them I was definitely going to buy, and if they could beat my other deal I would go through them. I drove the exact car I wanted, and checked for the transmission problem ( I had no problems with the tranny at all, and I checked closely). I also drove it in 40 degree weather and listened for the valve noise (the car did not make any valve clattering noise at any point, and I checked closely). I also checked for any rattles and wind noise from the driver side (again no problems). I was so impressed with the car that I purchased it. I compared it to the Infinity M and it compared very well. (the M has a more impressive interior around the console, but it costs thousands more). I owned a 2003 infinity G, and I think this car is nicer, more luxurious, but my G was not loaded like this one is.
At first they doubted me. They wanted to know how the other dealer let me go if I was willing to pay 500 over invoice, and when I said it was an internet deal, they agreed to the price right away. (keep in mind they were really agreeing to 500 plus the 399 doc fees they thought I was going to pay). But in the end I got it at 499 over invoice and I am happy with that. I realize some people have gotten even better deals than this, but I feel I paid a fair price.
I post this simply to let you know that it can be done, but it takes work on your part. I wish everyone the best, and I am crossing my fingers that the 08's have none of the 07 problems. If I have any problems I will post them right away. Best of luck to all.
#1123 of 2890 Re: Kuni Lexus Purchase, Denver [sugarlsu]
Nov 12, 2007 (9:05 pm)
Thanks for the info. It really helps to know the "really" price, instead of the TMV, which is close to useless.
Please let us know if you have any problem with your new 08 ES. I was also getting ready to purchase a 08 ES, but changed my mind because of the tranny problem and the auto acceleration problem. I still like the ES much more than my 2nd choice, the Acura TL.
I have to buy a new car by the end of this month (long story). I'll try to hold out as long as I could to see if there is any problems reported for the 08 model. I still hope to find a reason the get the ES instead of the TL.
#1124 of 2890 Re: Kuni Lexus Purchase, Denver [sugarlsu]
Nov 13, 2007 (2:53 am)
In Socal, our doc fee is capped at $55. I agree, $400 for someone to process paperwork is legalized theft!
The one fee that brought you to $500 over is the regional advertsing fee (TDA). It's a true cost to the dealer that is included on the invoice.
Nice deal! Now, go enjoy your new car and take comfort in the fact that you got a great deal at $500 over.
#1125 of 2890 Re: Kuni Lexus Purchase, Denver [cowbert]
Nov 13, 2007 (5:53 am)
Cowbert-I agree with you that it is good to know the real price. You go to the dealership as an educated buyer. I bought the Consumers Report for the 2007 and it was worth every penny of the $14. I ordered it online and just printed it out so I didn't have to wait for it to be mailed.
#1126 of 2890 Transmission Issues?
Nov 13, 2007 (3:21 pm)
I always wonder what the transmission issues are with ES350. It is my second car and first luxury car that I have ever purchased. I had rattle issue which is fixed now. But, can anyone please enlighten me on the issues regarding transmission and what I should look for to check if my car has issues? Thanks in advance.
#1127 of 2890 Re: Purchase Price DFW [memphian]
Nov 14, 2007 (10:16 am)
Just bought 2008 ES 350 with a premium package +
full size spare
rear seat air bags
Heated front seats
6 CD audio
Paid 35,000+TTL. The dealer originally said it was with premium plus. After I pointed out that the car was actually missing a seat extender and rain sensing wipers from the premium plus package, he gave me 200.00 refund just acknowledging missing rain sensing wipers. He alleged that there was a seat extender. Later I again pointed no seat extender. Then he refused to give me any more refund but offered to give two free oil changes on top of the first complimentary oil change. Considering Lexus charges almost 150 per oil change, I think my out of pocket cost was:
345K + TTL. I think this was not a good but decent deal.
I am in NJ.
#1128 of 2890 Re: Purchase Price DFW [hikiki]
Nov 14, 2007 (10:32 am)
Lexus charges $150 for an oil change???? Oh my, what have I gotten myself into? That is crazy.
#1129 of 2890 Re: Purchase Price DFW [jano2]
Nov 14, 2007 (12:46 pm)
Not to worry. Go to any Toyota dealer and get the oil change for about $32.00. Camry with V6 engine is the same as the engine in the E350 so they have the proper filter and oil.
Good luck with it. I think you'll really like the car.
#1130 of 2890 Re: Purchase Price DFW [johngreis]
Nov 14, 2007 (2:18 pm)
Correct - lots cheaper at Toyota. However, my Lexus dealer charges ~$50 for the oil change...$150? Something smells.