Raz1352

Hey guys this is my first time posting and was wondering if you guys can help me out. I'm from Illinois and I have have been looking at a LS460 SWB. The MSRP for the car is 74,847 and the invoice price is 65,282. I have talked to the sales manager and he is willing to sell it for 66,282. I'm looking to buy the car and take out a loan from the dealer. The thing is the intrest is going to be around 6% and I have a pretty good credit score. Is this a good deal? Thanks in advance.

rominl

iTrader: (4)

welcome to CL

in terms of the price of the car i think 1k over invoice is pretty good. the interest rate i am not sure, with the current economy it sounds a bit high, but i don't know if dealerships have specials now

Raz1352

That is what I was thinking thats why I'm a bit hesitant on getting the car.

kbinfl

I purchased my SWB back on 3/1 and was able to get 4.99 financing. Luckily I had secured this rate through my credit union before negotiating for the car. When it came time to meet with the finance guy, I asked him to beat it. He said he couldn't beat it, but would match it. Since I purchased my car about 60 miles from home, I decided to take their financing just for the convenience of it alone. It's not through Lexus Financial. It's through Chase Bank.

Hope this helps.

KB

KILLERGS4

1k over invoice sounds great, or is that the norm for swb???

rominl

iTrader: (4)

i think at the end of last yr some people were able to get 2k over invoice. with the slow market now, i say 1k is worth pushing

tennisstar

1k over with 4.99% finance is great deal, IMO...

GS430X6

I thought a Loaded LS460 SWB was $72,700 Did the dealer add any options to make the price higher?

jlawr

If the car comes with chrome wheels and premium floor mats, the MSRP of $74,847 sounds about right.

If no chrome wheels or premium floor mats you should be able to drive out the door for $66k.

I paid $67k including TT&L last November. The market's softer now.
My options included: Mark Levinson w/ Adv Park Guidance, Lexus Link, Intuitive Parking Assist, Power Trunk, Comfort Package, Premium Floor Mats and Preferred Accessory Package.

Lexus codes are: MZ, NP, PA, PP-1, , CP, PF, Z1

I chose not to get Dealer Chrome Wheels

Continue your homework and Good Luck!

Raz1352

No, the car has no chrome wheels. The options the car has are Nav/Mark Levinson, Advanced parking, Lexus link, power door/trunk, Comfort plus, All weather floor mats, Prefered accessory pkg.

the Lexus codes are: MZ, NP, PA, PP, RU, WF, Z1

jlawr

I don't have: rear power seats with memory, power headrests or rear side airbags -- so if these options are worth $2,000.00 of the MSRP -- go for it.
You should be able to drive out the door for under $68k.

Good Luck.