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Lexus RX 350, Car Buying, SUV
#4414 of 5860 Help a Clueless Female out in TX! :-)
Aug 09, 2011 (3:57 am)
I'm interested in purchasing my first car (Lexus RX 350 of course). I was able to find a "used" 2011 FWD RX350 for the Advertised price of $42,900. It has less than 1,000 miles, so I felt like this was a great opportunity to purchase a new vehicle at a used price. The dealer states that the previous owner paid about $45K, in which he purchased it for his wife, however, she did not like the color. Please provide me with advice on how to negotiate a reasonable deal with this dealer, and what price should I haggle for. I'm contemplating putting down about $25K for this car. Here are the following included optional equipment on this vehicle:
WOOD & LEATHER WRAPPED STEERING WHEEL & SHIFT KNOB
INTUITIVE PARKING ASSIST
HEATED & VENTILATED FRONT SEATS
TOWING PREP PKG
19" ALLOY WHEELS
#4415 of 5860 2011 Lexus RX350
Aug 09, 2011 (9:48 am)
I am considering to buy a Lexus RX350 (AWD-Luxury,Premium package) in the metro detroit area. Can anyone provide the price based on recent purchase to use as a guideline for negotiation. The price quoted currently is MSRP:$45,308 (Lexus of Ann Arbor), hence the request. Also would help if you can forward the dealer name and your overall buying experience.
#4416 of 5860 Re: 2011 Lexus RX350 [ivy14]
Aug 10, 2011 (5:00 am)
Hey Ivy, I am also in the metrodetroit area and was interested int the rx350. I am going to email several dealerships for quotes but i was thinking of waiting until it gets close to the end of the month and i think you can have more negotiating power, but I am shocked that the quoted you MSRP???????????? Maybe we can work together and try to negotiate a great deal. Can you wait 2 more weeks
#4417 of 5860 Re: 2011 Lexus RX350 [mi0007]
Aug 10, 2011 (7:57 am)
My timeline is 2 weeks out. The special financing rates offered by Lexus financing expire Sept.6 (FYI).Keep me posted what you find out based on your research.
#4418 of 5860 Re: Help a Clueless Female out in TX! :-) [shunte]
Aug 10, 2011 (9:25 am)
If 42,900 is their asking price, you should be able to negotiate well below 40k. I always worry about current year or 1 year old used cars as they may have been abused as loaners. With the specs you listed, you should be able to do a new, 0 mile car for that price (actually would think maybe even a little better). I'm looking for an AWD, premium, comfort, nav, park assist and hoping to get around the price you paid, maybe a little higher. Best I've seen so far mentioned for the car I'm looking for is 43,600.
#4419 of 5860 Re: Help a Clueless Female out in TX! :-) [msheikh25]
Aug 10, 2011 (10:47 am)
I feel the same way that you do. I talked to the salesperson, and he states that the best he can do is $42,500 (claims that his manager will not let him go below that price). I think that I will have to regretfully decline the offer, and wait until the end of the month or perhaps there will be Labor Day sales? What do you think?
#4420 of 5860 Re: Help a Clueless Female out in TX! :-) [msheikh25]
Aug 10, 2011 (10:54 am)
I'm im in the Dallas metroplex by the way.
#4421 of 5860 Re: Help a Clueless Female out in TX! :-) [shunte]
Aug 10, 2011 (11:05 am)
I think it might be worth the wait. The low financing rates sound like they are good until sept. 6th (although I'm sure there will be another promotion after that). I also just read this article today which mentions another drop in prices of big ticket items coming due to the new financial issues we have (same as in 2008): http://finance.yahoo.com/banking-budgeting/article/113286/spenders-down-market-h- as-upside-smartmoney?mod=bb-budgeting
Just depends on how long you can wait. I myself will def. wait until the end of this month but maybe even until end of sept since the 2012s will be out then and should be a good time to get a deal on 2011s still on the lot.
#4422 of 5860 Re: 2011 Lexus RX350 [mi0007]
Aug 14, 2011 (2:41 am)
Any update in getting a reasonable rate negotiated in metro Detroit.
#4423 of 5860 Re: 2011 Lexus RX350 [ivy14]
Aug 14, 2011 (8:09 pm)
The best quote so far that I have was $43500 (for an suv with a $45300 MSRP) which is from lexus of lansing. I did not receive a quote from lexus of southfield yet but its not looking too good, i cant see my self paying more than a few hundred dollars over invoice especially when so many people are buying at invoice price. I think I am going to wait another month or so until the new model comes out and the supply goes back to normal. If you need to buy immediately you can use that number when negotiating and i think another dealer will beat it. You should be able to get it for $43000.
good luck, let me know your thoughts.