I was able to obtain invoice pricing from Costco, (invoice $84,640 MSRP $92,000) along with option pricing. Including options, invoice pricing $92,882 I paid $93,059. All said, very satisfied with my purchase.

 

101,064 MSRP. Paid 96,885.

I shopped around in Dallas and no one seemed willing to do anything on the price until the last day open (12/30) before the new year.

 

Good deal or not a good deal? I think it is....I'm currently going through the process of taking over...

- Lease takeover
- LC500 w/Performance Pack, Conv. Pack, Mark Levinson, All Weather - MSRP $107,500
- $1275/per month
- 36 months left from a 42 mo lease
- 7,500 miles / year BUT vehicle has only been driven 565 mi - SO remaining miles: 25,685 = Approx. 8,896 miles/year
- $11,500 security deposit return at end of lease (I pay $2,300) to original owner, therefore I get $9,200 at end of lease
- Lease payment after taking security deposit return into account = $1,019/mo

I tried going to dealer to see if they could beat that - they said NO WAY!

Thoughts please?

 

That is a FABULOUS deal! Take it and run!

 

I'm not so that's a good deal. There's a guy in another thread who got $869 a month. He said to take his deal and shop it around to dealers. If they won't match it, I would look at another manufacturer that will.

 

No disrespect but I'm calling bs... or hes not disclosing all the facts. At sticker on a $107k car youd need about $25k down to get to that payment.

EDIT: lets assume about a 50% residual on a 36 month term. 50% of 107k is $53,500. $869 times 36 months = $31,284 (hence the substantial down payment). Only way any manufacturer is going to get that payment is with a fat rebate or a much higher residual % which I don't believe exists.

 

$869 a month is employee level pricing on certain packages. As a regular customer it would be tough to get as a customer without a big downpayment. There isn't any big rebates on the LC to my knowledge.

 

--> He got that deal on an MSRP of $99,535 - also I believe he put $4K down - My deal is on a FULLY LOADED LC with Perf. Pack (MSRP of $107,500)

Agreed - my best bet would be to try and go preowned - at least save on the initial depreciation.

 

[QUOTE=guanche2k9;10091102]--> He got that deal on an MSRP of $99,535 - also I believe he put $4K down - My deal is on a FULLY LOADED LC with Perf. Pack (MSRP of $107,500)

$4K was Lexus incentive for January. Currently trying for my local dealer to reproduce that deal. Lets see how it goes since they have 15 sitting on the lot for over 200 days. So far got $875 with $6k down 7500 miles and 36 months (MSRP $98,404)

 

Dealers around here (SE Pennsylvania) have NOTHING like that kinda inventory. My dealer has ONE and the next closest dealer has four. I guess Lexus figures that Floridians have a lot more money to burn...

 

That or the dealers down here actually thought they were going to sell like an IS.

 

Hi guys need some advise on a lease. My dealer is giving me 3k down, 12k miles a year, at $1375 a month after taxes which I think I can get them down to $1300. They are going to assume the remainder of my payments on my RC, I have 5 left which 3 lexus will pay and 2 the dealer will pay.

The car is a demo vehicle with 1k miles on it. Smoky granite mica, with 21' wheels, all weather package, convenience package, heads up display, LSD, Mark Levinson sound, performance package, and some other options. MSRP is 106,277.

Im going to see if I can get the dealer to throw in more things because of it being a demo, but just wanted opinons of the pricing ect.

Thanks

 

I never had much luck negotiating a lease. In my experience, the most cost-effective way to negotiate when making a payment-based vehicle acquisition - is purchase (rather than lease) using a credit union for the financing. Credit unions typically have better loan rates than banks. You can even do a home equity loan (if that's an option for you), allowing you to write off the interest. Dealers will give you great finance rates, but the best rates typically only apply to full retain purchases. An optimal deal would be to buy the car at wholesale price and finance through a financial institution offing the lowest rate, using a home equity loan if possible.

 

Thanks for the rely, I was thinking about financing the car instead of leasing but one of my concerns is I'm not sure how the resell value on the car will be since its a new car.

 

Resale value on a lease transfer I'm taking over for the same optioned out vehicle with same MSRP is $54,940, after 42 months and 7,500 miles per year. That'll give you an idea of what Lexus anticipates the value to be.

Also, another option you should consider, which I know is possible with Lexus Finanacial Services (because the transfer I'm taking over will be returning the deposit to me as the new owner), is a security deposit. This way you can increase your REFUNDABLE downpayment in order to decrease your monthly payment. Ask your dealership about that option.