Price Paid for an IS250/350?
03-26-14, 09:49 PM
#691
Lexus Test Driver
Hello Everyone, great info everyone provides.
Current offer I have on the table
IS350 F Sport AWD White with Red Interior
-Navigation
-Blind Spot
27 months, 10k miles
$2300 down (includes taxes , title, fees, 1st month payment)
399/mo
Good or Bad Deal?? Need to make a decision by weekend. Help!
Current offer I have on the table
IS350 F Sport AWD White with Red Interior
-Navigation
-Blind Spot
27 months, 10k miles
$2300 down (includes taxes , title, fees, 1st month payment)
399/mo
Good or Bad Deal?? Need to make a decision by weekend. Help!
In NY, do you pay all the sales tax up front or is it tacked onto your monthly payment?
Bill G
03-27-14, 12:53 AM
#692
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Buying new ... How much should I aim for?
Hey Folks ... I'm looking at getting a new IS350 AWD in Virginia. I'm wondering what price I should be aiming for? The MSRP including destination is currently at $50,160. How low should I target under MSRP? I've seen posts that folks in Cali have been getting on the upwards of 15%, does that mean I should target $7,500 under MSRP?
03-27-14, 10:20 AM
#695
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03-27-14, 11:06 AM
#696
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I am also in NY and I put only the first month payment + doc fees down. Taxes are paid each month.
Sounds like you're basically doing a cap reduction. Which is always a bad idea on a lease (or at least is of no benefit to you).
03-27-14, 01:49 PM
#698
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I think around the last two weeks count so they can meet their end of the month quota.
03-27-14, 09:19 PM
#700
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2014 IS250 F Sport, Nav, BSM, Cargo net, Trunk Mat, Wheel Locks, Rear Bumper App
Nebula/Rioja
MSRP: $43,138 (incl destination $910)
Selling price: $38,600 (incl destination of $910)
Nebula/Rioja
MSRP: $43,138 (incl destination $910)
Selling price: $38,600 (incl destination of $910)
03-28-14, 07:22 AM
#701
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MSRP: $48717
Sale Price: $44600 (guess)
Dealer Acquisition: $700
Residual: 73% (This is a guess)
Money Factor: 0.00085 (2.04% APR) (Again a guess)
Tax: 8.625% (assuming you are on Long Island... numbers change slightly if in NYC with 8.875)
Term: 27 Months
Mileage Allowance: 10k/year
Cap Reduction: $1600 (From your $2300 down. Assuming $300 for doc/DMV fees and $400 toward first month, $1600 goes toward cap reduction)
Those numbers above put you at $400/month.
Thats a decent deal. But I wouldn't put $1600 down. Take that $1600 and just put it in the bank. That changes your monthly to:
$466/month
Just pay the extra $66 out of the bank account you put the $1600 into. Trust me, it's a better idea.
03-28-14, 08:49 AM
#702
Lexus Test Driver
So doing some algebra it looks like the terms that you are negotiating work out like this:
MSRP: $48717
Sale Price: $44600 (guess)
Dealer Acquisition: $700
Residual: 73% (This is a guess)
Money Factor: 0.00085 (2.04% APR) (Again a guess)
Tax: 8.625% (assuming you are on Long Island... numbers change slightly if in NYC with 8.875)
Term: 27 Months
Mileage Allowance: 10k/year
Cap Reduction: $1600 (From your $2300 down. Assuming $300 for doc/DMV fees and $400 toward first month, $1600 goes toward cap reduction)
Those numbers above put you at $400/month.
Thats a decent deal. But I wouldn't put $1600 down. Take that $1600 and just put it in the bank. That changes your monthly to:
$466/month
Just pay the extra $66 out of the bank account you put the $1600 into. Trust me, it's a better idea.
MSRP: $48717
Sale Price: $44600 (guess)
Dealer Acquisition: $700
Residual: 73% (This is a guess)
Money Factor: 0.00085 (2.04% APR) (Again a guess)
Tax: 8.625% (assuming you are on Long Island... numbers change slightly if in NYC with 8.875)
Term: 27 Months
Mileage Allowance: 10k/year
Cap Reduction: $1600 (From your $2300 down. Assuming $300 for doc/DMV fees and $400 toward first month, $1600 goes toward cap reduction)
Those numbers above put you at $400/month.
Thats a decent deal. But I wouldn't put $1600 down. Take that $1600 and just put it in the bank. That changes your monthly to:
$466/month
Just pay the extra $66 out of the bank account you put the $1600 into. Trust me, it's a better idea.
To the OP - profet offers good advice - if you have decent credit, there is no need to put down that much up front.
03-28-14, 09:21 AM
#703
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Good job on guesstimating the details of this poster's deal - it is frustrating that folks post seeking comment/advice on a deal or a quote and fail to provide the necessary details that would help others offer comment/advice.
To the OP - profet offers good advice - if you have decent credit, there is no need to put down that much up front.
To the OP - profet offers good advice - if you have decent credit, there is no need to put down that much up front.
And to just to reiterate, I make a ton of assumptions in my post. We have no idea if you are getting a good deal until you post all the details I listed.
As an example you could live in Saratoga, NY and have a much lower sales tax and/or you could be swapping plates with an existing vehicle which would change your dmv fees. You could be using a Lexus incentive program to obtain a cap cost credit (which means you could have negotiated the sales price down further).
There are just too many variables to give you a
03-28-14, 11:26 AM
#704
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And to just to reiterate, I make a ton of assumptions in my post. We have no idea if you are getting a good deal until you post all the details I listed.
As an example you could live in Saratoga, NY and have a much lower sales tax and/or you could be swapping plates with an existing vehicle which would change your dmv fees. You could be using a Lexus incentive program to obtain a cap cost credit (which means you could have negotiated the sales price down further).
There are just too many variables to give you a
As an example you could live in Saratoga, NY and have a much lower sales tax and/or you could be swapping plates with an existing vehicle which would change your dmv fees. You could be using a Lexus incentive program to obtain a cap cost credit (which means you could have negotiated the sales price down further).
There are just too many variables to give you a
Can you elaborate on the plate swapping? I currently have custom plates on my car and was debating if I should keep it when I buy a new car. Would I save money by simply swapping it? How does that work?
03-28-14, 11:59 AM
#705
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In NY you can transfer your registration (plates), to a new vehicle for around $60. A new registration is around $200.