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Lexus RX 350 Prices Paid and Buying Experience

3130 messages,  Last post on Dec 04, 2009 at 2:38 PM

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

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


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#1995 of 3130
Re: $5000 marketing incentive [jkenley] by atlmdxbuyer
Feb 05, 2009 (6:23 am)
Reply

Replying to: jkenley (Feb 03, 2009 4:51 pm)

I leased 2009 FWD with Navigation. MSRP is 44,800. Negotiaed sale price is $35340. Then added XM Radio for $695. That brought the Gross capitalized cost to $36306 (approx). Dealer added acquision fees of $700. I do not know what it is. I am leasing it for the first time. Probably you can negotiate this also. Money factor is 0.00285 (which is equivalent to 6.84% apr, multipy MF * 2400). It is 3 Year year lease with 12,000 miles/year. Residual value at the end of 3 year period is 49% of MSRP equivalent to $21972. Monthly payment is $618.83 (including 7% tax) and first month payment is $1045.83 (includes first month payment, title, dealer processing fees). Additional charges 0.25/mile.
 
I was offered 4.45% APR if I buy the car for 5 year finance. I should have gone with that. I did not know how to convert APR to MF. I think they took advantage of it. I know now. MF would be 0.0020625 for 4.45 % APR.
#1996 of 3130
Re: 2008 Used RX350 Pricing [LookinForADeal] by juancitow
Feb 06, 2009 (7:06 am)
Reply

Replying to: LookinForADeal (Feb 04, 2009 7:34 pm)

Lookingforadeal,
 
I'm looking for the same vehicle here in the Midwest. 2008 AWD, I've seen several with 20-30k miles priced $31-35 list. I've also tracked E-bay bids and buy now pricing. I would say fair sales pricing is somewhere between 25-29K. My personal strategy is to wait until the end of the month, then offer cash price around 25K to several dealers stressing this deal is final price nothing added. I'll see if there is any interest. With dealer incentives of 5K on new vehicles there's no need to offer anywhere near what they are asking. If you have the cash, I'd shop around and start getting quotes. Best of luck
#1997 of 3130
2009 RX FWD - South East by brianintn
Feb 06, 2009 (5:33 pm)
Reply
Last week we got my wife a 09 FWD RX with Premium Pkg, 18" wheels, Towing prep, rain sensing wipers for $32,099.98 (MSRP 40,576 incl destination), added XM on top of that for $475 for a total of $32,574 +ttl. This prcee was without a trade in, so the numbers are good. Tlexus Finance (Toyota Captial) beat our Credit Union rate by 15bps, so we financed there and we feel real good about the purchase.
 
Before buying a 2008, I would take a hard look at the 09s with the discount....
#1998 of 3130
Re: 2008 Used RX350 Pricing [juancitow] by LookinForADeal
Feb 07, 2009 (7:31 am)
Reply

Replying to: juancitow (Feb 06, 2009 7:06 am)

I tried the end of month approach, but couldn't get anything under $29k. I'm avoiding the 09 cars, due to pricing. I suppose this could change as the weeks go by!
 
I'm going to wait a few more weeks and see how much the used inventories change, at the local dealers. I'm not in a hurry.
#1999 of 3130
by linkis
Feb 09, 2009 (12:16 pm)
Reply
I am also considering purchasing the '09 Lexus 350 AWD, no nav. There is only one really (he has two dealership) within the 100 mile radius - SW PA. The price offered is $7000 below MSRP, no deals on interest rates. Good deal or better to wait till end of month?
#2000 of 3130
Re: [linkis] by Phillies08
Feb 09, 2009 (12:28 pm)
Reply

Replying to: linkis (Feb 09, 2009 12:16 pm)

last month deals in the Phila area were about $10k off MSRP.
#2001 of 3130
Re: [linkis] by juancitow
Feb 09, 2009 (1:10 pm)
Reply

Replying to: linkis (Feb 09, 2009 12:16 pm)

I would enquire about the manufacturer to dealer incentive totaling $5000 on 2009's. If you subtract $5000 from invoice of $34995 you should be a sales price of $30000. At this price the dealer still makes money on the deal, not to mention the money he makes on the financing and trade-in. Get as many quotes as you can. The 2010 model is already out, meaning dealers should be ready to clear remaining 2009's. Good luck.
#2002 of 3130
Quotes on '10 model by smr36
Feb 09, 2009 (4:05 pm)
Reply
Anyone getting quotes on 2010 model?
#2003 of 3130
RX 350 in central Illinois by murfe
Feb 09, 2009 (4:11 pm)
Reply
Has anyone purchased a new 2009 AWD RX350 from Lexus of Peoria. I am considering one and I would like to know what others have been paying and if they had a good experience with this dealer. Is it still possible to get about $9000.00 of the sticker even if you have a trade in? This is the only dealer in central Illinois .I am not interested in paying the extra cost for the premium package with the NAV as I do not think it is worth the extra 3-4,000 that they are asking.
#2004 of 3130
Re: RX 350 in central Illinois [murfe] by fergyj
Feb 09, 2009 (6:41 pm)
Reply

Replying to: murfe (Feb 09, 2009 4:11 pm)

I live right between Peoria and the quad Cities and have been looking at the Volvo XC70 and the Lexus RX350. I did some checking on Ebay as well as Lujack's website and was pretty discouraged. Lujacks had rx with 20,000 plus miles listed for the cost of what others on this forum paid for brand new. I'm not sure if it's because of where we live or if it's because I keep thinking that one of these days these dealerships will post ads in newspaper like some of the bigger cities. Very frustrating...Plus, no one wants to deal over the phone.
 
I will let you know if I go in...

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