Big LS price drop for 2010?
09-25-09, 01:20 PM
#1
Lexus Test Driver
Thread Starter
Big LS price drop for 2010?
Was just at my dealer, and my salesman told me they had a sales meeting where they were told the 2010 LS460 base MSRP will drop approximately $9,000. (!)
My '08 with Nav and ML that listed for about $72k will probably run about $63k for 2010. Wow.
This is good news and bad news - good for anyone buying a 2010, but it also means the trade-in value of anything prior to 2010 will plummet.
Yet another reason I'm glad I leased ... I'll just turn my '08 in next year and decide if I want to lease another one. You guys who bought, though, will see the value of your cars drop, since a new one costs much less than before.
Let me emphasize this is hearsay until the official pricing info is released, but the guy had no reason to tell me a fib. In fact, he told me trading my '08 early wouldn't do me any good.
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My '08 with Nav and ML that listed for about $72k will probably run about $63k for 2010. Wow.
This is good news and bad news - good for anyone buying a 2010, but it also means the trade-in value of anything prior to 2010 will plummet.
Yet another reason I'm glad I leased ... I'll just turn my '08 in next year and decide if I want to lease another one. You guys who bought, though, will see the value of your cars drop, since a new one costs much less than before.
Let me emphasize this is hearsay until the official pricing info is released, but the guy had no reason to tell me a fib. In fact, he told me trading my '08 early wouldn't do me any good.
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09-25-09, 01:26 PM
#2
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Was just at my dealer, and my salesman told me they had a sales meeting where they were told the 2010 LS460 base MSRP will drop approximately $9,000. (!)
My '08 with Nav and ML that listed for about $72k will probably run about $63k for 2010. Wow.
This is good news and bad news - good for anyone buying a 2010, but it also means the trade-in value of anything prior to 2010 will plummet.
Yet another reason I'm glad I leased ... I'll just turn my '08 in next year and decide if I want to lease another one. You guys who bought, though, will see the value of your cars drop, since a new one costs much less than before.
Let me emphasize this is hearsay until the official pricing info is released, but the guy had no reason to tell me a fib. In fact, he told me trading my '08 early wouldn't do me any good.
.
.
My '08 with Nav and ML that listed for about $72k will probably run about $63k for 2010. Wow.
This is good news and bad news - good for anyone buying a 2010, but it also means the trade-in value of anything prior to 2010 will plummet.
Yet another reason I'm glad I leased ... I'll just turn my '08 in next year and decide if I want to lease another one. You guys who bought, though, will see the value of your cars drop, since a new one costs much less than before.
Let me emphasize this is hearsay until the official pricing info is released, but the guy had no reason to tell me a fib. In fact, he told me trading my '08 early wouldn't do me any good.
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iam sure u R safe MIKE
09-25-09, 02:04 PM
#4
Lexus Test Driver
Thread Starter
I guess he may be full of it, but he also mentioned they've never done this before, too.
But then again, the car business has never really been in this shape, either!
One thing to think about is that it wasn't unusual to get $7,000-9,000 off list on 2007-2009 LS460's (I know I got $7,500 off mine). They will probably now just discount them less.
I'll repeat ... this is just what I was told - by a salesman I've known for years - and until I see it myself I won't know if it's true. I agree it sounds like a big change, but Toyota can afford to do it if they want to. And you have to agree it would really pump up sales ...
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But then again, the car business has never really been in this shape, either!
One thing to think about is that it wasn't unusual to get $7,000-9,000 off list on 2007-2009 LS460's (I know I got $7,500 off mine). They will probably now just discount them less.
I'll repeat ... this is just what I was told - by a salesman I've known for years - and until I see it myself I won't know if it's true. I agree it sounds like a big change, but Toyota can afford to do it if they want to. And you have to agree it would really pump up sales ...
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09-25-09, 02:10 PM
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I guess he may be full of it, but he also mentioned they've never done this before, too.
But then again, the car business has never really been in this shape, either!
One thing to think about is that it wasn't unusual to get $7,000-9,000 off list on 2007-2009 LS460's (I know I got $7,500 off mine). They will probably now just discount them less.
I'll repeat ... this is just what I was told - by a salesman I've known for years - and until I see it myself I won't know if it's true. I agree it sounds like a big change, but Toyota can afford to do it if they want to. And you have to agree it would really pump up sales ...
.
.
But then again, the car business has never really been in this shape, either!
One thing to think about is that it wasn't unusual to get $7,000-9,000 off list on 2007-2009 LS460's (I know I got $7,500 off mine). They will probably now just discount them less.
I'll repeat ... this is just what I was told - by a salesman I've known for years - and until I see it myself I won't know if it's true. I agree it sounds like a big change, but Toyota can afford to do it if they want to. And you have to agree it would really pump up sales ...
.
.
09-25-09, 02:13 PM
#6
i will just wait till the 2010 LS is here and look at the sticker. just imho i think it's very hard to believe. a 73k ls460 (quite loaded) becomes 64k, that's pretty much the same price as a loaded gs460, it doesn't make sense.
put it this way, if it comes out and 2010 prices are just about the same as 09, mike you should go back to your sales and "demand" the 9k off price, haha
put it this way, if it comes out and 2010 prices are just about the same as 09, mike you should go back to your sales and "demand" the 9k off price, haha
09-25-09, 02:16 PM
#7
Lexus Test Driver
Thread Starter
To be honest, I wouldn't be surprised to find out it is $900 off instead of $9,000, but I asked twice and he insisted they were told $9,000.
Hey, I don't make this stuff up - I just report it.
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Hey, I don't make this stuff up - I just report it.
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09-25-09, 02:43 PM
#8
Pole Position
They may be altering their pricing philosophy, placing a greater onus on dealers. I noticed the new HS250h starts off pretty low (for a Lexus anyway), and has a very extensive options list (not unlike Euro cars). So the car is quite modular, and this may be what Lexus is doing with the LS, to give the illusion of a price cut. Many buyers of Japanese cars complain about the way cars are packaged, getting features they don't want or need (like APGS), or wanting features that are only availble on higher models that cost $10K more. So if that is the direction they are headed in, we will now be able to mix and match what we want in a car.
*Well, that's the case in the US as far as I can see, as I checked the Canadian Lexus site, and the packaging resembles what has always been, with just a hint of modularization.*
That would then put dealers in a tight spot in the US, as they would have package their inventory in a manner that predicts what clients would like.
*Well, that's the case in the US as far as I can see, as I checked the Canadian Lexus site, and the packaging resembles what has always been, with just a hint of modularization.*
That would then put dealers in a tight spot in the US, as they would have package their inventory in a manner that predicts what clients would like.
Last edited by Johnny; 09-25-09 at 03:47 PM. Reason: Info updated...
09-25-09, 03:37 PM
#9
They may be altering their pricing philosophy, placing a greater onus on dealers. I noticed the new HS250h's starts off pretty low (for a Lexus anyway), and has a very extensive options list (not unlike Euro cars). So the car is quite modular, and this may be what Lexus is doing with the LS, to give the illusion of a price cut. Many buyers of Japanese cars complain about the way cars are packaged, getting features they don't want or need (like APGS), or wanting features that are only availble on higher models that cost $10K more. So if that is the direction they are headed in, we will now be able to mix and match what we want in a car.
That would then put dealers in a tight spot, as they would have package their inventory in a manner that projects what clients would like.
That would then put dealers in a tight spot, as they would have package their inventory in a manner that projects what clients would like.
09-25-09, 04:44 PM
#10
I'll leave lurking mode for this one!
I hope Lexus doesn't make a mistake here. I don't so much mind the fact that Lexus (and other luxury makers) have made the brands more attainable and thus diluted in a sense, but I'd take issue if they turned the LS into an Avalon and harmed our resale value at the same time. A big part of what attracted me to Lexus is the service. I have strong fears that the level of service would decrease if they begin playing the quantity over quality game, which would be a downright shame.
They have a full line now. Personally, I'm of the opinion they should leave the flagship as-is.
Here's hoping the salesman misunderstood.
I hope Lexus doesn't make a mistake here. I don't so much mind the fact that Lexus (and other luxury makers) have made the brands more attainable and thus diluted in a sense, but I'd take issue if they turned the LS into an Avalon and harmed our resale value at the same time. A big part of what attracted me to Lexus is the service. I have strong fears that the level of service would decrease if they begin playing the quantity over quality game, which would be a downright shame.
They have a full line now. Personally, I'm of the opinion they should leave the flagship as-is.
Here's hoping the salesman misunderstood.
09-25-09, 04:59 PM
#11
Instructor
I dont believe the price will drop any, it will remain the same. People who can afford to buy a 70K car will continue to buy them or otherwise buy something else cheaper. Remember the LS is the Lexus flagship car and I doubt Lexus will give it away. The worst that could happen is that they will minimize production. Sales guys tend to speculate a lot and I would wait until the car hits the show rooms.
Last edited by alsilverbullet; 09-25-09 at 06:30 PM.
09-25-09, 07:28 PM
#12
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Mercedes had a big price drop on the 2010 E class (about $5000). It would not surprise me if they drop the price some. These cars have HUGE markup. I got a $7,000 discount when I bought my GS350 about 18 months ago. From my point of view a $9,000 price drop would be GREAT !!!! Thinking about the new LS460 SZ or E550 for the wife. Anyway, when is the 2010 supposed to hit the showrooms?
09-25-09, 10:56 PM
#14
Interesting rumors but it would be a departure from the pattern established before...and they raised prices on new models, e.g. the 2010 IS, and just this week the 2010 ES...although they did adjust the packaging on the ES to gain significant more value by their calculation.
