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Lexus RX 350 Prices Paid and Buying Experience

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

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

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#2425 of 3130 Re: Edmunds invoice vs. dealer invoice. [tyler70] by psu77 May 04, 2009 (5:44 am)
Replying to: tyler70 (May 03, 2009 7:29 pm) Tyler70, I agree the dealer will have finance charges but it is receiving a credit from Lexus to help offset. I never heard anyone say holdback is a charge (do a google search and see how it is described). Find another dealer because this one is full of it. Replies to this message: psu77 (May 04, 2009 8:47 am)
#2426 of 3130 Re: Edmunds invoice vs. dealer invoice. [psu77] by psu77 May 04, 2009 (8:47 am)
Replying to: psu77 (May 04, 2009 5:44 am) Tyler70, here is what Edmunds says about holdback   What Are Holdbacks For? Dealerships must have an inventory on hand so that consumers can browse and ultimately select a vehicle. Dealerships must pay for this inventory when it is obtained from the manufacturer, and the amount the dealer pays is the price reflected on the invoice from the manufacturer to the dealer, the so-called "invoice price."   Now the twist: with the introduction of holdbacks some years ago, most manufacturers inflated the invoice prices for every vehicle by a predetermined amount (2-3% of MSRP is typical). The dealer pays that inflated amount when it buys the car from the manufacturer. But later, at predetermined times (usually quarterly), the manufacturer reimburses the dealer for that excess amount. This is the "holdback," so named because funds are "held back" by the manufacturer and released only some time after the vehicle is invoiced to the dealership.   Why the sleight-of-hand you might ask? Because holdbacks can benefit dealers in three ways:      1. Dealerships borrow money to finance cars based on an invoiced amount that includes the holdback. So the higher the invoiced amount, the more the dealership can borrow from its lender.      2. Inflating the dealership's "cost" can have the effect of increasing profit, since sales personnel are paid commissions based on the "gross profit" of each sale. Holdbacks have the effect of lowering the gross profit and thus the sales commissions.      3. Holdbacks enable dealerships to advertise "invoice price" sales and sell their vehicles at or near invoice and still make hundreds of dollars on the sale
#2428 of 3130 Re: 2010 RX350 AWD [houmi] by creme_brulee May 05, 2009 (9:52 pm)
Replying to: houmi (May 03, 2009 10:53 am) Can you share what other fees you have paid on top of 44k? I also live in Seattle area.   Thanks! Replies to this message: houmi (May 06, 2009 10:23 pm)
#2429 of 3130 Re: HID lights on 2010 RX350? [carbuyer_2009] by tkv_01 May 06, 2009 (3:47 pm)
Replying to: carbuyer_2009 (May 03, 2009 2:41 pm) yup yup HID headlamps are in comfort package now. The one has HID, the projector lense should be inside (close to the grille).
#2430 of 3130 Re: 2010 RX350 AWD [creme_brulee] by houmi May 06, 2009 (10:23 pm)
Replying to: creme_brulee (May 05, 2009 9:52 pm) just the title & registration charges... I think $300 total.
#2431 of 3130 Re: 2010 RX350 AWD [houmi] by Mafuwah May 08, 2009 (10:36 am)
Replying to: houmi (May 03, 2009 10:53 am) Hi, I am in Seattle too, and looking to buy the RX 350. Would you mind tell me how much did you pay for your 2010 RX350 please? I just want to get some ideas before I do the talking with Lexus of Bellevue. Also, did you get any financing with Lexus? Replies to this message: houmi (May 08, 2009 9:42 pm)
#2432 of 3130 Re: Edmunds invoice vs. dealer invoice. [tyler70] by Mafuwah May 08, 2009 (10:42 am)
Replying to: tyler70 (May 03, 2009 4:03 pm) Hi, I'm just wondering if you have bought your RX350 yet? And what's the finial price did you pay for it? I'm looking for AWD, so it might be a little bit higher. It is a very good car, but I don't want to pay too much for it.    Thanks for your help. Replies to this message: houmi (May 09, 2009 3:49 pm)
#2433 of 3130 Re: 2010 RX350 AWD [Mafuwah] by houmi May 08, 2009 (9:42 pm)
Replying to: Mafuwah (May 08, 2009 10:36 am) I paid 44k for the RX350 (awd, navigation, comfort pkg,etc -- NO luxury nor HID ) before tax. Of course I got a good price for my trade-in, so I wasn't able to bargain too much on the Lexus price (only 2.5k), I did the financing with them, but shop online (capital one or first tech credit union) so you're ready, so you can bargain with them (assuming you have a good credit score -- high 700's or 800+). I also put a rather large downpayment to bring down the monthly cost. They won't give you that great deal on APR's compare to Toyota, since their volume is lower. If you go to Bellevue go talk to Moe, he's very good/honest. Also might want to go toward the end of month so you can bargain a bit more... depends on how many cars they have in their lot.   -H
#2434 of 3130 Re: Edmunds invoice vs. dealer invoice. [Mafuwah] by houmi May 09, 2009 (3:49 pm)
Replying to: Mafuwah (May 08, 2009 10:42 am) I'd recommend going to a dealer, and figure out the options in a car they have, then enter them all in edmunds.com w/ options, to get the invoice/msrp price and see the tmv value.

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