Will there be deals since RX sales is off 38%?
#1
Will there be deals since RX sales is off 38%?
Since the Lexus RX sales figures are off 38.4% as compared to a year ago, do you think Lexus may offer special deals (better than what was offered before) in the near future to motivate the public to buy or lease?
#2
Forget about deals, there was a report today that 1 in 5 auto dealers in the US will close. It will be difficult to credit because of the liquidity crisis and tightening rules for lending money.
#3
in short yes, but not just because sales have dropped.
take into account that SUVS are down in sales, lexus itself is down in sales, and also the RX redesign will be out by Feb, then yes, its a good time to buy the current version.
you should be able to get it cheap
take into account that SUVS are down in sales, lexus itself is down in sales, and also the RX redesign will be out by Feb, then yes, its a good time to buy the current version.
you should be able to get it cheap
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#9
I called and emailed about 10 Lexus dealers including the Lexus customer service center. They all tell me no factory promos right now on new RX and not aware of any being introduced soon. Since the last one was on special leasing deal which just expired in Sept, they don't think Lexus would have another promo immediately after that. One dealer did say he could get me 2.9% financing over 60 months with a local lender but not thru Lexus. One thing that surprises me in this preliminary research is the dealers I contacted didn't really seem to be that "hungry" for business despite the slow and dwindling sales unlike Hummers where they are discounting 50% off MSRP even on their "little" H3. I don't envision Lexus will go that extreme but I thought there would be lot more interest to move their existing stock now in this slow economy.
#11
I called and emailed about 10 Lexus dealers including the Lexus customer service center. They all tell me no factory promos right now on new RX and not aware of any being introduced soon. Since the last one was on special leasing deal which just expired in Sept, they don't think Lexus would have another promo immediately after that. One dealer did say he could get me 2.9% financing over 60 months with a local lender but not thru Lexus. One thing that surprises me in this preliminary research is the dealers I contacted didn't really seem to be that "hungry" for business despite the slow and dwindling sales unlike Hummers where they are discounting 50% off MSRP even on their "little" H3. I don't envision Lexus will go that extreme but I thought there would be lot more interest to move their existing stock now in this slow economy.
#13
There is still demand for smaller or mid-sized SUVs and crossovers... ones that get decent MPG and don't cost an arm and a leg... remember when Lexus came out with the only one in the RX way back? Now everybody is making a crossover.
#14
In my experience, I have not seen much of a price reduction on pre-driven RX330's that would reflect a 38.4% decrease in sales. Of course a 38.4% drop in sales would not translate to the same percentage drop in prices. In the Chicagoland area for example, three year old pre-driven 2005 RX330's are currently selling for approximately the same amount as three year old 2004 RX330's were selling for last year. There certainly are some exceptions to this trend with a few bargains on non-certified, higher mileage and less comparable vehicles.
#15
Special 0.9% rate from Lexus thru 10/31/08
One of the Lexus salesman just alerted me that Lexus has implemented a super low 0.9% financing (36-month) thru Lexus Financial for all new 2009 in-stock RX350. I think he mentioned one could finance up to 60 months for I believe 2.9% (I could be wrong). The special low finance rates are only good till the end of this month. He didn't say whether this special rate was applicable to other models nor did he say whether there was any other special factory-to-dealer cash incentives on the RX on top of the low finance rate. He did however offered me a $4400 discount from the sticker right off the bat (I believe it was right at $46k or very close to it) on a new 2009 RX350AWD w/ NAV and I have not even started my negotiation yet. I think in light of the slower sales on the RX, I can probably get the dealer to knock off another 1 to 2 grand to get it right at or below invoice. What do you guys think?