Is new 2008 RX at invoice a good deal?
05-24-08, 11:27 AM
#46
Driver School Candidate
Join Date: May 2008
Location: South Carolina
Posts: 9
Likes: 0
Received 0 Likes
on
0 Posts
2008 RX-350 Prices
We bought our 2008 RX-350 on March 6. It has all the options you can get except for the upgraded sound system and AWD. List price was $44,481 and we paid $40,100.
A good way to buy is to go to Kelly Blue Book (www.kbb.com) price the car at the dealers cost and with all the options you want, start negotiating the price at about $2,000 below that, and stand firm on not paying any more than the price you calculated on kbb.com.
A good way to buy is to go to Kelly Blue Book (www.kbb.com) price the car at the dealers cost and with all the options you want, start negotiating the price at about $2,000 below that, and stand firm on not paying any more than the price you calculated on kbb.com.
You don't have to crawl under the RX to lower the spare. You do that from an access hole in the cargo area. It is explained pretty well in the thick Owner's Manual that I am still trying to get through 18 months after I bought my RX.
Prior to purchasing my RX, I paid about $35 for the invoice costs of both the car and every accessory for the 3 cars on my short list. Part of the package included what would be a reasonable amount to pay for the car and tips on the negotiations. I got the info from Consumer Reports. They discourage paying for the Rustproofing, interior protection, Ziebart and all that. Your basic car warranty is 7 years against rust-through. Those "Dealer Add-ons" are hugely overpriced. The dealers use those to off-set that "good deal" they gave you. In most cases, dealer financing isn't a good deal either. I had the sales staff thinking I was going to finance through them. When they sent me to the Finance Officer, I asked for a 0-2% on a 3-year loan. They wouldn't go below 8.5%. I had my trusty financial calculator with me so I could calculate the true cost of some of the flim-flam arrangements they threw my way. I finally just wrote them a check for the entire amount and drove out with a clear title. Considering that my money market account was only paying about 2% then, it would have been short-sighted to pay Lexus 8.5% and hold onto my money.
My advice is to pay the 12 for a Consumer Reports invoice and stay away from any of those "special" dealer-installed options.
Prior to purchasing my RX, I paid about $35 for the invoice costs of both the car and every accessory for the 3 cars on my short list. Part of the package included what would be a reasonable amount to pay for the car and tips on the negotiations. I got the info from Consumer Reports. They discourage paying for the Rustproofing, interior protection, Ziebart and all that. Your basic car warranty is 7 years against rust-through. Those "Dealer Add-ons" are hugely overpriced. The dealers use those to off-set that "good deal" they gave you. In most cases, dealer financing isn't a good deal either. I had the sales staff thinking I was going to finance through them. When they sent me to the Finance Officer, I asked for a 0-2% on a 3-year loan. They wouldn't go below 8.5%. I had my trusty financial calculator with me so I could calculate the true cost of some of the flim-flam arrangements they threw my way. I finally just wrote them a check for the entire amount and drove out with a clear title. Considering that my money market account was only paying about 2% then, it would have been short-sighted to pay Lexus 8.5% and hold onto my money.
My advice is to pay the 12 for a Consumer Reports invoice and stay away from any of those "special" dealer-installed options.
Thread
Thread Starter
Forum
Replies
Last Post
harrington
ES - 5th Gen (2007-2012)
3
03-21-08 07:37 PM
