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Prices Paid: Buying & Leasing Experiences Lexus LS 460 Prices Paid and Buying Experience
280 messages, Last post on Jun 28, 2008 at 3:28 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: topgun7 (May 10, 2008 2:55 pm) Is there anyone else out there who has anything to say in reply to my original inquiry?
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Replying to: bermanslaw (May 11, 2008 8:54 am) Lexus sales are off. My dealer (Texas) is loaded with cars and dealing. It is probably the same where you live. Lexus will do a 10,000 mile per year lease. If I were you, I would shop all the dealers within reasonable driving distance. I would start now, with plans to make my deal on May30 or 31. Base car min disc=6,000, Nav car min disc=7,000; Nav, ML,++ car min disc=8,000. Lease with Lexus Financial, 10,000 mile s/b able to do for under $1,000 per month if you pay the sales tax, etc up front. They may even have tax credits this month. |
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Replying to: topgun7 (May 08, 2008 4:54 am) www.ucanimport.com |
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Replying to: bermanslaw (May 09, 2008 9:00 am) If you decided to lease an LS460 priced between $68-$69k, you'd be able to get close to that $1000/mo payment you inquired about. Assuming an MSRP of $68,305 (common list price of LS's in your area), factoring in a "better than average" selling price/cap cost of $61,805 (about $2k over invoice/$6500 discount from MSRP)... *36/10k - ~ $935/mo + tax *48/10k - ~ $885/mo + tax * Sample payments based on current LFS lease rates and residual values. My recommendation for you would be to lease this vehicle. Why? You mentioned that you just came out of a long-term lease in a Mercedes and loved it. Lease the LS for a few years and see if you like it - if not, walk away at lease-end and go back to a Merc, or try another brand.
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Replying to: ocautoseeker (May 12, 2008 12:22 am) I do have a lingering question, though, which I mentioned in my first inquiry: Is there anything to be gained (or lost) by waiting til summer, since I barely have need of a car til September? Between the price of a Manhattan garage, the cost of insurance and the monthly lease payment, I'd save > $2K/mo. in July & August if I just wait to take delivery of a replacement for my MB. It occurs to me that selection may become an issue the closer we get to the '09 rollout, but it seems like otherwise I might just be better off waiting. I'm ready to move quickly or wait, depending on what your take might be.
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Replying to: bermanslaw (May 12, 2008 8:01 am) My opinion, since you're in a current lease, wait 'til about a month before that expires, then start looking for your new vehicle and revisit us here on the forums to discuss pricing and negotiation tips. A great deal can still be had now, but why pay those additional expenses you mentioned for the next 3-4 months, when just as good if not a better deal can be obtained in August or September.
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