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Prices Paid: Buying & Leasing Experiences Lexus LS 460 Prices Paid and Buying Experience
348 messages, Last post on Oct 07, 2009 at 6:54 AM
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i live in ny.was just in florida and am able to buy LS460-new for 8600 below MSRP.Called my dealer in ny and said 2007 were not available.I really dont need the car until april 2008 and my ny dealer said i could probably get the 2008 for $4000 below MSRP. NEED ADVICE-is this a deal i should not pass up-how is the lexus selling-i saw alot of 2007s sitting around in florida.I am paying cash for the car.
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Replying to: traube (Dec 25, 2007 11:28 am) |
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Replying to: traube (Dec 25, 2007 11:28 am) If you really think you're better off with the '07, make sure you take it on a test drive at highway speeds to ensure there is no wind leak noise.
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Replying to: fabt1 (Dec 26, 2007 6:05 am) thanx again!
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Replying to: traube (Dec 26, 2007 7:10 am) The price we paid was about the "invoice" price that you see posted on sites like Edmunds. However, this was the Employee Discount price; when I compared to other south Florida dealers (JM, Pembroke Pines, Kendall, etc.) this price was about $5,000 less than what their best quote was. None were willing to match it. Although, after I bought the car, all the other dealers called me back looking to make a better deal. I don't know if they would have come all the way down to what I paid, but they certainly were looking to deal. Dealers seem particularly 'desperate' in December, as they all want to finish the year strong so they can secure a high allocation of cars in 2008. Whatever you negotiate, try to do it in December. |
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Replying to: traube (Dec 25, 2007 11:28 am) There's about $8500 in front end profit on that vehicle, so at $8600 off, they're selling below invoice. If you're paying cash and plan on keeping it for awhile, take the savings on the '07. You can get a good deal on an '08, but no dealer in their right mind would sell that car for much below $1500 over invoice. In SoCal, $2500-$3500 over invoice is agressive to very agressive pricing already. Two things to watch for: 1) Don't let the dealer know you're paying cash until you're ready to sign the paperwork. It's been said before, but I'll repeat... Cash is NOT king in the car buying world! 2) Be aware of some of the funky South East region fees. |
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Replying to: ocautoseeker (Dec 27, 2007 7:52 pm) |
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Replying to: ocautoseeker (Dec 27, 2007 7:52 pm) I dealt with atleast 10 dealerships. Most came to the following deal for the 71 package LS, 12k miles, 4 years, around 1000 including tax. I felt I could get better (that's basically a 6500 discount off of their so called rare package, with the before mentioned 2500 profit for them). Inventories are down so getting your color may be a bit difficult. Now Decemeber to Remember might be a bunch of hogwash, however one thing isn't. The end of the year as in the calendar year, also means quite a bit to dealerships as the end of the model year does. Also on cars like these that rarely have cash back offers, this might be the best time of the year to buy because residuals will be higher (besides leasing and then buying at the end versus buying outright if you calculate it with opportunity costs blah blah, actually favor leases but that's another story). Anyway back to my case. After haggling with one dealerships who refused to come down and made me try to feel guilty while doing it, I received a call from two previous dealers who did not have the color combo I wanted at 71 but had it at 74. One of them included their chrome dipped wheels (you can tell I went for Black exterior as those are the cars that actually look good with the chrome wheels, still iffy if I should have got them but what's done is done). One of them made it seem as if it was a travesty I had ever visited their dealership since I was playing games with them and I was shopping around. The other gave me an offer closer and was closer to home. I went back home, negotiated a little bit finally ended it all with a barely over 9k discount on the 74k with chrome dipped wheels. It all rounded out to about: 1k per month including tax, almost nothing down at all Reason is he wanted to push his inventory out the door. To say the least he was not happy about doing it, but that's how life is I suppose. He still made I'm guessing a 500-1000 profit, since interestingly enough his money factor was lower than the others. He probably parlayed a couple dollars into doing so. I was a bit suspect of it but it's done can't do much about it. Probably had to do so to show some margin on the car on the books. Anyway, so far I'm happy and just waiting for chrome.... |
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Replying to: ocautoseeker (Dec 27, 2007 7:52 pm)
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Replying to: jcdrew (Dec 30, 2007 10:23 am) |
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