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Prices Paid: Buying & Leasing Experiences Lexus LS 460 Prices Paid and Buying Experience
283 messages, Last post on Jul 25, 2008 at 2:38 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ocautoseeker (May 02, 2008 5:28 pm) Wabends |
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Hello all. Thank you in advance for any assistance you can offer. First of all, I am a novice at this, so please be patient. I am looking to buy a new 08 LS460 for my brother who lives in Canada. I went to my local dealer just last week to get an idea of the sticker prices. It seemed there were 3 variations, 64-65, 68 and 72k MSRPs. How do I start? Do I bother shopping locally where there is only 1 dealer or do I contact dealers in S Fla where it seems the lowest prices can be had? Do I tell them upfront that I am looking to export the car to Canada and that it will be a cash deal? Is there a way to avoid sales tax in the state of purchase if the vehicle is will not be registered in that state? I appreciate the wealth of knowledge on this site.
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Replying to: msyman (May 07, 2008 10:00 pm) There are going to be a bunch of problems that you have to deal with. First, you don't have to pay the sales tax in Fl (if it is the state that you are going to buy the LS). Sales tax are paid to the state that you register the car. Now the bad news, you need to figure out how to export a car to Canada and pay the sale tax in Canada (US car may or may not meet Canada's regulation). And then there is the issue of warrenty. Canada Lexus is not going to honor the warranty you get by buying a US Lexus.. So you are going to have a mess on your hand in dealing with warrenty service. |
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Replying to: msyman (May 07, 2008 10:00 pm) A lot of good information there... You buying the car, then selling it your brother is the easy part. His importation of the car is where it gets hard. regards, kyfdx |
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Replying to: topgun7 (May 08, 2008 4:54 am)
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Replying to: msyman (May 08, 2008 7:30 am) You should ask your brother does he need a new car with around 1500miles or more on it? If its a gift to him from you then it wont bother him much but if he is buying you should ask him. |
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Replying to: msyman (May 08, 2008 7:30 am) 2) As you noted, getting the car across the border is not much of a problem. Getting it modified to meet Canadian regulations, and documenting those modifications might be a much bigger issue (which is why I suggest checking out that other discussion). 3) As far as buying the car? Drop down to your local dealer and take a look at what they have. Once you know which options you are interested in, then you might send a few e-mails to the closest dealers, asking for quotes. You can even try some of those Florida dealerships. Once you have an idea of what seems like a fair price, stop back by your local dealer and make an offer. You might find that you'll come close enough ($500 +/-?) to make it worth buying locally. 4) I don't think you'll be able to get out of paying sales tax.. If you buy it out of state, it's possible that the dealer could ship it to you and give you a non-resident title without paying tax. Your brother would have to check with his customs broker, to see if you can just sign the title over to him.. If so, maybe you can avoid sales tax, but that seems unlikely. Good luck! kyfdx
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Replying to: kyfdx (May 08, 2008 1:27 pm) Yup - they are ridiculous with their doc fees. I'm analyzing a deal for a prospective buyer who just happens to live in Florida - sure enough, the dealer's structure has a $599 doc fee listed. {shaking my head} $599 to messenger some paperwork - I'll take that job! Haha... |
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I'm new to the forum concept but have already learned much from reading recent posts, so I'm hoping for some sound advice & guidance. I'm coming off a long lease on an MB CL500 (fabulous car) on July 1 and am seriously interested in the "08 LS460 SWB. I've never had a Lexus before. Having moved into Manhattan from the commuting suburbs, I expect my annual mileage to fall well below 10K, though a 7500K lease mileage option may be cutting things a bit close. If I purchase, I will finance. In either event , I never opt for down payments and will pay the sales tax up front. Here are my questions: 1. Manhattan/environs dealer or widen the search? Recent comments suggest that FL dealers are giving great deals while NYC dealers are still pretending the economy's flush, but the prospect of negotiating and taking delivery from afar seems daunting. 2. Wait til summer to make a deal or start now? I can do without a car if needs be til September, so I feel no urgency on that score. Waiting seems like a good bet, given the economy, slowing auto sales volume and rising gas prices, but if there's a gas tax holiday and an unexpected bump in volume, I could find myself with fewer choices as the '09 model year draws near. 3. Purchase or lease? Here, my inquiry relates to which offers the best bang for the buck at the moment in terms of promotions, interest factors, etc. 4. Either way, do I have any realistic chance of making a deal that will keep my monthly payment under $1K without making a down payment? I've read about those prepaid multiple security deposits and wonder whether that is a sensible tactic. I will welcome your comments. Many thanks. |
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Replying to: bermanslaw (May 09, 2008 9:00 am) I am in a similar boat. Our 05 CLK55 is going off lease on 7/3 and we test drove an LS460 and is pretty impressed about it.. based on last month money factor and residual in April, there is a shot of getting LS below 1000 month including sales tax for 3 yr 12K lease (in California, sales tax are paid monthly and calculated based on monthly payment) with Comfort and ML/NAV package. But you pretty much have to get the car very near invoice and pay 9 security deposit to reduce the money factor by 0.00072 (roughly 1.7%) from the 0.00225 (or roughly 5.4%) that LFS is charging. The wild card is whether the May progarm has any change (e.g. the residual value) and it is going to be pretty tough to get invoice in NYC since the competition in NYC is not nearly as good as California or FL... http://mbworld.org/forums/showthread.php?t=229109 2008 Lexus LS460 – 4/12/08 24 Month – Residual 56% of MSRP – .00225 Base Rate 36 Month – Residual 50% of MSRP – .00225 Base Rate 48 Month – Residual 40% of MSRP – .00225 Base Rate 60 Month – Residual 31% of MSRP – .00225 Base Rate Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
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