Deal Check: 2021 Lexus LX 570

Hi hackrs

I’m about to pull the trigger on a lease and wanted to get some feedback

2021 Lexus LX 570 (3-row luxury package) - 36 month/10K miles per year.
ZIP Code 91206

MSRP $99,480
Negotiated price $91,200 (before incentives)
$2,500 rebate/incentives
Zero down

Sales Tax (estimate) + $9,359.79
Documentation Fee + $85.00
Smog Abatement Fee + $20.00
Tag/Registration Fees (estimate) + $878.00
Electronic Filing + $30.00
Flat Add/County Fee + $11.00
Other fees: $29.00

Total: $101,612.79

Residual: 60%
MF: 0.0007
MSD: $5850
Drive off: $1,846

Payment: $962/mo after tax

Thoughts? Any room on the negotiated price?

Edit: corrected mileage allowance

If I’m not mistaken, the RV for a 3 row LX570 for 36/12k is 59% while it’s 60% for the 2 row

My mistake. 36 mo/10k miles. Not 12k.

Let me guess, you’re shopping at an autonation dealer?

In california, you don’t pay upfront sales tax on the purchase price like this. Some dealers show a “purchase option” and a “lease option” on the same offer sheet, which can lead to confusion over what the actual terms are. This often lists different incentives, etc as well. Is that what you have in front of you?

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Yup. Exactly.

Does the lease option area show the same rebate as what you’re expecting? I’ve seen cases like this where someone sees the purchase option side with the purchase incentives and assumes that means they’re applied to the lease as well.

Did you verify on the calculator?

2500 is correct assuming Lexus loyalty in CA for a three row.

In regards to:

The sell price is at public invoice (which tends to be off by 1-2% dealer published for some odd reason). You could push for more depending on if its worth it for you and if Autonation wants to move a looser deal (for them at least).

if the mF and RV is from edmunds then all good.

Lease calculator is about $5 less per month. I’m mainly trying to see if the negotiated price is good or if I have room left to lower it?

Yes, the rebate is $2500 applied after the negotiated price of $91,200. Wondering if 91,200 is good or if I can bring it down still

Thanks. Do you think 89k before incentives is reasonable or am I chasing an unreasonable deal?

I’m not the dealer so I would not know their urgency to move this unit. If it needs to be moved, you’ll see them agree to that price after a little pushback.

As others have pointed out like @mllcb42 and quite comprehensively listed in other posts, present them your offer, with the RV, base mF, and standard fees and ask them yay or nay. Worst comes to worst they say no, and go from there.

Its not like the current offer would magically disappear (disclaimer unless this offer was obtained from weeks of grinding the dealer down with multiple price match requests).

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