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Lexus RX 350, Car Buying, SUV
Aug 09, 2010 (6:54 pm)
I went to see a salesman who is a friend of a friend, and he can offer me a 2010 RX 350 AWD for about ~$31k (Purchase).It was a courtesy vehicle to give to customers when their cars were in for maintenance.
It has between 11,000 and 12,000 miles on it, and has everything except Navigation and the Mouse Remote control. For right now, I'm assuming it is stock + Option A on the Lexus site because I know it does have backup camera. It hasn't been in any accidents and it is being detailed right now. I should see it later this week and be ready to make a decision. Before I do that, I would like to know from my fellow forum members if this is a good deal for this type of vehicle.
Thanks for any input!
#3867 of 5862 Re: So what is the "real" invoice price? [cap58]
Aug 09, 2010 (7:16 pm)
Recheck your prices. When I selected your options, Edmunds showed MSRP of $47215, invoice of $42264 ($1000 difference). Ask the dealer to state the price of each option and dealer fees. Yes, the manufacturer sometimes gives the dealers incentives which are not revealed to the public.
#3868 of 5862 Re: Good Deal? [michaelwestin]
Aug 09, 2010 (7:27 pm)
Michael.....that sounds like a great deal. If you go on autotrader or cars.com you will see that most of the 2010 RX models even with 10-20k on them will fetch asking prices of close to $40,000. The only 2010 models priced lower were vehicles with salvage title that had been repaired. If the vehicle is in great condition, then I would jump on it. You can always buy a great GPS for around $200.00.
#3869 of 5862 Re: Good price on a 2010 RX with limited mileage? [smoz]
Aug 09, 2010 (7:31 pm)
You may ask yourself what is a year's depreciation worth? !0% or 15%? Then subtract the depreciation, say 10% of $42000 and you arrive at $37800. A dealer that really wants to move his inventory should respond accordingly,
#3870 of 5862 Good discount on AWD RX350
Aug 09, 2010 (8:00 pm)
While searching for a used AWD RX350, I found out that one can get a 2008 RX350 for $2400 to $4000 below Kelley's True Market Value (TMV). Can someone explain why dealers are below the TMV?
Are there concerns about the Lexus all wheel drive (AWD)?
#3871 of 5862 Re: Good Deal? [michaelwestin]
Aug 09, 2010 (9:23 pm)
That sounds like a really good deal. RX 350 for $31k!. Although to me, 11k miles = used car.
Anyone has any idea what is RX 350's dealer cash for this month (I know there some cash, otherwise what's the point of Golden Opportunity)? I think Lexus is getting smarter, I bet there is a dealer cash but they must have rolled some way so that sites like Edmunds can't see them.
#3872 of 5862 Re: So what is the "real" invoice price? [friend927]
Aug 10, 2010 (4:06 am)
They actually sent me a copy of the window sticker. And I was able to get the vehicle to the stated price using the spreadsheet that had been posted on this forum a few months back. Here are the options on the car:
2010 Lexus 350 AWD with options: C1, CP, EK, NV, PA, PM, TO V3, WL and WU.
This brings up an MSRP of $48441. The invoice comes to $43245 (using this tool). Truecar.com lists the dealer cost as $43528. The dealer is claiming $43722 and is willing to show me their invoice. What I don't know, is what is included in their invoice to account for that $500 difference, and is it something I should go after?
#3873 of 5862 Re: Good Deal? [funguy123]
Aug 10, 2010 (4:10 am)
Heard from a salesperson at Lexus of Watertown that they had $1000 dealer incentive coupons, but he doubted they would last past the weekend. Of course, he was just trying to get me to come in then and purchase. I reminded him it would be an out of state purchase for me, so I wasn't going to be in over the weekend. Have not heard back. Has anyone else heard of dealer incentive cash out there? Other than this one correspondance with Watertown, I haven't heard of any additional incentives out there. The dealers still have a lot of cars in stock and appear to still be getting some in.
#3874 of 5862 Re: Good price on a 2010 RX with limited mileage? [gladiator99]
Aug 10, 2010 (4:21 am)
So for $3000-ish you wouldn't just buy a knew one???
#3875 of 5862 Re: NC Buyer [atals7]
Aug 10, 2010 (4:29 am)
Sorry I don't get on the site that often. You could have emailed me I will give you all the facts right down the line.