New to 350
Thread Starter
Instructor
Joined: Jul 2007
Posts: 1,149
Likes: 89
From: New Hampshire
New to 350
I've been a regular on the ES300,SC430 ans IS250 forums. Now I guess I'll be joining you guys.
Yesterday, I was made an offer I couldn't refuse.
Two weeks ago I arranged an early turn in on an '07 IS250AWD for a '10 IS250AWD. I locked in a lower monthly on the lease and the dealer bought out my lease. I was concerned that next year July '11 when my lease was up interest rates would be skyrocketing.
I discovered some problems with the delivery, after the delivery, that were embarrassing for the dealer. He offered to make it up to me.
We discussed several options. In the end, we came to terms on a new car in a great deal.
They bought out my wife's '02 ES300 at retail. Car was exteremly clean with low miles. If it weren't for the situation we would have kept it.
The '10 ES350 NAV, parking assist etc was then done at a nice a very nice discount $36,644 (sticker $41,215). Out the door, out of pocket $24,644 plus tax, licences, wheel/tire insurance. 2.9% financing - a real cheap rate didn't make any sense not to finance - a great rate for 5 yrs = $500/month
Yesterday, I was made an offer I couldn't refuse.
Two weeks ago I arranged an early turn in on an '07 IS250AWD for a '10 IS250AWD. I locked in a lower monthly on the lease and the dealer bought out my lease. I was concerned that next year July '11 when my lease was up interest rates would be skyrocketing.
I discovered some problems with the delivery, after the delivery, that were embarrassing for the dealer. He offered to make it up to me.
We discussed several options. In the end, we came to terms on a new car in a great deal.
They bought out my wife's '02 ES300 at retail. Car was exteremly clean with low miles. If it weren't for the situation we would have kept it.
The '10 ES350 NAV, parking assist etc was then done at a nice a very nice discount $36,644 (sticker $41,215). Out the door, out of pocket $24,644 plus tax, licences, wheel/tire insurance. 2.9% financing - a real cheap rate didn't make any sense not to finance - a great rate for 5 yrs = $500/month
Last edited by EJC; Mar 21, 2010 at 02:35 PM.
Pole Position
Joined: Sep 2006
Posts: 2,883
Likes: 1
From: Coral Springs, Fl
Wait, your out of pocket was $24,644 and your payment is still $500/month? I've got to be reading that wrong somewhere. I'm having a hard time understanding your deal.
"$36,644 (sticker $41,215)."
Ok, got that. You paid $36,644 for your car.
"Out the door, out of pocket $24,644 plus tax, licences, wheel/tire insurance."
Not sure I understand what this means. You put $24,644 down, or is that a typo? That means you financed 12k at 2.9% for 5 years = $215.09/month.
I know I'm missing something. Anyway, congrats on your new ES!
"$36,644 (sticker $41,215)."
Ok, got that. You paid $36,644 for your car.
"Out the door, out of pocket $24,644 plus tax, licences, wheel/tire insurance."
Not sure I understand what this means. You put $24,644 down, or is that a typo? That means you financed 12k at 2.9% for 5 years = $215.09/month.
I know I'm missing something. Anyway, congrats on your new ES!
Thread Starter
Instructor
Joined: Jul 2007
Posts: 1,149
Likes: 89
From: New Hampshire
Wait, your out of pocket was $24,644 and your payment is still $500/month? I've got to be reading that wrong somewhere. I'm having a hard time understanding your deal.
"$36,644 (sticker $41,215)."
Ok, got that. You paid $36,644 for your car.
"Out the door, out of pocket $24,644 plus tax, licences, wheel/tire insurance."
Not sure I understand what this means. You put $24,644 down, or is that a typo? That means you financed 12k at 2.9% for 5 years = $215.09/month.
I know I'm missing something. Anyway, congrats on your new ES!
"$36,644 (sticker $41,215)."
Ok, got that. You paid $36,644 for your car.
"Out the door, out of pocket $24,644 plus tax, licences, wheel/tire insurance."
Not sure I understand what this means. You put $24,644 down, or is that a typo? That means you financed 12k at 2.9% for 5 years = $215.09/month.
I know I'm missing something. Anyway, congrats on your new ES!
The price of the car was $36,644 - we're together there.
Trade in on my '02 ES300 (they gave retail) - $12,000
Balance to finance - $24,644
Dollars Down = $0.00
I try to never put anything down on a car.
The ancillary charges (love how they add up) were all rolled into the monthly
Balance $24,644+tax+wheel ins+license & reg = $500/mo
which is just about 2x what you calculated for $12K
Either I wasn't clear, or you misread, but we're in the same ballpark. My reference to out of pockt was the cost of the car, not cash put down on the car. And at 2.9% interest I wanted as much as possible financed.
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