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Lexus LS 460 Prices Paid and Buying Experience

348 messages,  Last post on Oct 07, 2009 at 6:54 AM

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What is this discussion about? Lexus LS 460, Car Buying, Sedan

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#99 of 348 Re: Price on 2007 LS460 in NY/NJ Metro area [ocautoseeker] by venkatb Nov 13, 2007 (6:22 pm)
Replying to: ocautoseeker (Nov 13, 2007 2:35 am) Thanks ocautoseeker - trying to push the deal a little further - low volume dealer in a remote part of the tri-state area - trying to see if I can get below invoice by about $ 2K. Shall keep you posted - thanks. Replies to this message: ocautoseeker (Nov 14, 2007 12:21 am) venkatb (Nov 20, 2007 4:43 pm) ocautoseeker (Nov 21, 2007 2:11 am) holew (Dec 08, 2007 11:37 pm) ocautoseeker (Dec 09, 2007 3:56 am)
#100 of 348 Re: Price on 2007 LS460 in NY/NJ Metro area [venkatb] by ocautoseeker Nov 14, 2007 (12:21 am)
Replying to: venkatb (Nov 13, 2007 6:22 pm) I never say never, but it's doubtful that you'll be able to purchase an LS under invoice. In fact, at $7k off MSRP, you're still ~$1500 over invoice. Which, by the way, is a smokin' deal on an LS.   Lexus dealers will blow out ES's, IS's, and RX's all day long for $500 over. The LS, unfortunately is NOT a $500 over car. I'd say that you might be able to knock another $500 off, but much more than that might be a big stretch. But, if you're up for the grind, I say go for it!   Good luck and please report back on your final price. It's always helpful to see what other's are able to negotiate.   BTW... what options does your car have on it? Replies to this message: venkatb (Nov 20, 2007 4:43 pm) ocautoseeker (Nov 21, 2007 2:11 am)
#101 of 348 Re: Price on 2007 LS460 in NY/NJ Metro area [ocautoseeker] by venkatb Nov 20, 2007 (4:43 pm)
Replying to: ocautoseeker (Nov 14, 2007 12:21 am) Sorry ocautoseeker for this belated reply - we put our car buying in temporary stall - got a quote of 65.5 for a 2007 with MSRp of 72+ and has self-parking / ML-NAV / Comfort package and a few other smaller options. Not interested in self-parking - Negotiating similar or better discount at another dealer who has above car without self-parking. Getting distracted by low mileage pre-owned 2006 with ultra luxury available in mid-40s - confused!!! Replies to this message: ocautoseeker (Nov 21, 2007 2:11 am)
#102 of 348 Re: Price on 2007 LS460 in NY/NJ Metro area [venkatb] by ocautoseeker Nov 21, 2007 (2:11 am)
Replying to: venkatb (Nov 20, 2007 4:43 pm) Best of luck to you in your decision making. Either way, they're both great cars. Many LS enthusiasts believe that the '06 model was the best LS ever built.   On another note...   Dealer sold an LS out from under me after I had given them a deposit and negotiated a price of ~$5k off MSRP. They claimed it was a mistake. Whatever! Took biz elsewhere while they were still scrambling to figure out what happened. Got lucky and found another one a few miles up the road and actually negotiated an even better deal. $6k total off an '08... very happy!   I did make sure that the deposit amount was not charged to my CC since the original dealer did not deliver as promised.   Love the car!
#103 of 348 Re: Price on 2007 LS460 in NY/NJ Metro area [venkatb] by holew Dec 08, 2007 (11:37 pm)
Replying to: venkatb (Nov 13, 2007 6:22 pm) I doubt if you will be able to get an LS460 below dealer invoice, but then why not try. I purchased a new 2002 LS430 in Nov2001. I thought I got a good deal but later discovered I paid about $1000 too much. Back then the mark up from INVOICE price was $8000. So I offered to split the $8000 and told the salesman I would pay them $4000 above dealer invoice. I guess he must have wet his pants. He jumped up from the desk and ran to get the manager. The manager tried to get another $500 out of me but after 20 minutes of this BS stuff he aid OK. Later I found out that other dealers in the area were discounting that same car $5000 off of invoice.   So now I just start offering them some way low price of perhaps one thousand below invoice. I shop in an area where there are three or more dealers. My 2002 LS430 was purchased from Silver Spring Lexus in Maryland which is a suburb of Washington, DC. There are 6 Lexus dealers in and around Washington in Maryland and Virginia.   If I ever buy another Lexus product I will shop more intensively and aggressively. On an LS460 I would never pay more then $1500 over invoice and then that would be after trying very hard to get the car at invoice. The bottom line is HOW HUNGRY IS THE DEALER. If the economy is sick, even business at lux car dealers will decline. So wait the dealer out and try some of the INTERNET pricing services. They are for real and you will get pricing calls from several dealers which will save you a lot of time and perhaps BS. Replies to this message: ocautoseeker (Dec 09, 2007 3:56 am)
#104 of 348 Re: Price on 2007 LS460 in NY/NJ Metro area [holew] by ocautoseeker Dec 09, 2007 (3:56 am)
Replying to: holew (Dec 08, 2007 11:37 pm) Obviously, certain markets demand different pricing, but here in SoCal, $3k over is a steal on an LS460 (swb). Most internet/fleet departments have been quoting anywhere from $3500-$5500 over.   There's about $8400 in front-end gross profit on these cars, but most dealers won't let them go for any less than $2k over, if they even go that low. Best deal I have been able to negotiate thus far was $2500 over.
#105 of 348 incentives by atlantageorgia Dec 09, 2007 (12:20 pm)
Why does Lexus NOT advertise their incentives to the customers. The dealer will not tell the customers all the incentives that are being offered for the December to remember event. Does any one know what the incentives are. I have a 800+ credit rating. Replies to this message: ocautoseeker (Dec 09, 2007 12:39 pm)
#106 of 348 Re: incentives [atlantageorgia] by ocautoseeker Dec 09, 2007 (12:39 pm)
Replying to: atlantageorgia (Dec 09, 2007 12:20 pm) Are you looking to lease? Unlike apr's (on a purchase) which are required by law to be disclosed, money factors, on the other hand, do NOT.   If you're looking at an '08 LS (SWB), the buy rate money factor is .00230 (at least in SoCal, but that should be a national rate). The residual on a 36/12k/yr lease is 55%, for 36/15k/yr, the residual drops to 53%. On a 48/12k/yr lease, residual is 45%, for a 48/15k/yr, the residual is 43%. These numbers should stay like this until the special ends on Jan 2.   My advice... call and ask to speak to a finance manager since he's the one with the numbers. Tell him/her that you're thinking about leasing a few different vehicles and you'd like to know the current residual(s) and buy rate money factors. He/she should have no problem giving you these numbers if they know you're shopping around. If they won't, they're stupid... but, just call another dealer.   Good Luck!
#107 of 348 Finance Rates by atlantageorgia Dec 18, 2007 (5:02 pm)
Does anyone know the finance rates to purchase a Lexus LS 460(not lease) Replies to this message: ocautoseeker (Dec 19, 2007 2:38 am)
#108 of 348 Re: Finance Rates [atlantageorgia] by ocautoseeker Dec 19, 2007 (2:38 am)
Replying to: atlantageorgia (Dec 18, 2007 5:02 pm) 5.59% apr for 60 mo. on Base and L models.   Rate offered through Lexus Financial Services.

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