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Lexus RX 350 Prices Paid and Buying Experience

3061 messages,  Last post on Nov 21, 2009 at 9:13 PM

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What is this discussion about? Lexus RX 350, Car Buying, SUV


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#1452 of 3061
Re: 2009 Lexus RX 350 Deal [bmkj] by robrepos12
Sep 24, 2008 (7:03 am)
Reply

Replying to: bmkj (Sep 24, 2008 3:40 am)

So the dealership sold this car at $7596 under MSRP (i.e. 47,396-39800)?
 
Does the $40,900 include the $1100 (inception fees, dmv)?
 
Does the $40,900 include the $825 delivery charge?
 
Did you get a Lexus Loyalty ($1000) discount as part of the above?
 
Does the $40,900 include anything else?
 
Thanks.
#1453 of 3061
Re: 2009 Lexus RX 350 Deal [robrepos12] by bmkj
Sep 24, 2008 (9:14 am)
Reply

Replying to: robrepos12 (Sep 24, 2008 7:03 am)

They actually sold it for about $6500 under MSRP. The $40,900 (I think the lease papers actually say $40,887) includes the $825 delivery, but not the $1100 inception fees. I did not qualify for the Loyalty rebate.
 
So if you do the math, the adjusted capital cost is approx $42,000 with the fees rolled in and the residual is $27,015 (57% of MSRP $47,396). Depreciation is approx. $416. Reduced money factor of .00073 on $69,015 equals approx $50. Total is $466 plus 7% NJ tax is $500.
 
Hope this helps. Let me know if you have any other questions.
#1454 of 3061
Re: 2009 Lexus RX 350 Deal [bmkj] by robrepos12
Sep 25, 2008 (2:01 am)
Reply

Replying to: bmkj (Sep 24, 2008 9:14 am)

Thanks, I appreciate the info.
#1455 of 3061
Re: 2009 Lexus RX 350 Deal [bmkj] by slk2350z
Sep 25, 2008 (6:18 am)
Reply

Replying to: bmkj (Sep 24, 2008 9:14 am)

That is a fantastic deal, well done! If only the SF Bay area dealers were that motivated to move their inventory! So far, I have only been able to get soemwhere in the 3s off MSRP and they sound like they are doing me a favor! I may need to go Southern CA in hopes of getting a better deal to buy one.
Thanks again and enjoy your new ride!
#1456 of 3061
Re: 2009 Lexus RX 350 Deal [slk2350z] by robrepos12
Sep 25, 2008 (11:32 am)
Reply

Replying to: slk2350z (Sep 25, 2008 6:18 am)

bmkj paid 40,900 which did not include the lexus loyalty, but did include the $825 destination charge on a vehicle with an MSRP of 47,396.
 
lexusking paid 38,500 which did include the lexus loyalty ($1000) but from his post it looks like it DID NOT include the $825 destination charge on a vehicle with an MSRP of 46,241. I tried to contact him to clarify this (and to find out the name of his salesperson at the VA dealership) but didn't get a response.
 
So if we are comparing apples to apples, with the lexus loyalty, bmkj would have been 39,900 (with destination) against lexusking's 39,325 (with destination). This is a $525 difference in actual cost, but the MSRP differed by $1,155.
 
Also note that lexusking's dealership charged him tax on the $1000 lexus loyalty discount (something that other dealerships don't do), which at 5% VA sales tax would have been another $50, bringing the difference in actual cost to $475 against options of $1,155 included in bmkj's car and not included in lexusking's car.
 
Don't know if either of these two individuals had to pay a 'document' fee or any other type of bogus add-on fee. If so that might change the computation above.
 
Looks to me like bmkj did better.
#1457 of 3061
Re: 2009 Lexus RX 350 Deal [robrepos12] by lexusking
Sep 26, 2008 (6:57 am)
Reply

Replying to: robrepos12 (Sep 25, 2008 11:32 am)

If you read my previous post I did not pay any other fee. NO PROCESSING, NONE FOR MATS or anything else. 42K out of door with approx $2500 in tax and 225 for tags and $10 for electronic motor vehicle processing fee
 
I hate to write names, email addresses and or phone numbers on forums and can't figure out how to invoke the PM.
#1458 of 3061
Re: 2009 Lexus RX 350 Deal [lexusking] by robrepos12
Sep 26, 2008 (9:12 am)
Reply

Replying to: lexusking (Sep 26, 2008 6:57 am)

To send a PM
 
1) hit 'reply' to this message
 
2) if asked to login, login
 
3) at Top of the page, click on 'My CarSpace'
 
4) at right, click on 'Mailbox'
 
5) at top, click on 'Compose'
 
6) in 'To' type in robrepos12carspace.com
 
7) in body, type in the name of your salesperson and the name of the dealership
 
8) at bottom (you may have to scroll down), press 'Send Message'
 
Thanks!
#1459 of 3061
Re: 2009 Lexus RX 350 Deal [robrepos12] by bmkj
Sep 29, 2008 (4:19 am)
Reply

Replying to: robrepos12 (Sep 25, 2008 11:32 am)

I think we both got good deals. I have to say this board was an enormous help in preparing my strategy. It amazes me how many people just walk in to a dealer without doing their homework. If you want a good deal, you need to check real world numbers on boards like this, know the invoice, know if there are incentives, know the money factors and residuals if you are leasing. It's all out there and there are plenty of people who will share their experiences.
Finally, after all your facts are gathered, don't be afraid to negotiate. Ask for as much as you can. The worst they can say is no. If you are reasonable and a serious buyer, you will get a good deal. Thanks again to all that helped me. I hope I can help future customers and pay it forward.
#1460 of 3061
Re: 2009 Lexus RX 350 Deal [lexusking] by apollonia1
Sep 29, 2008 (12:06 pm)
Reply

Replying to: lexusking (Sep 26, 2008 6:57 am)

with the credit market drying up I am glad I bought it when I did versus waiting!
#1461 of 3061
Loyalty rebate by socalcpa
Oct 08, 2008 (8:30 am)
Reply
Does anyone know if the loyalty rebate for prior / current Lexus owners is still available for October? Edmunds shows a $1000 marketing support for dealers but no info on the loyalty rebate.

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