Good price for an 06 LX?
- Thread starter danimallv
- Start date
This site may earn a commission from merchant affiliate
links, including eBay, Amazon, Skimlinks, and others.
yes, that is a very fair price
one of the toyota dealers here is offering $10K off any of four '06 landcruisers in stock. when we were shopping for our leftover 100 back in 2002, the LC's were consistantly further below invoice than the LX's. sounds like you "may" have a bit more room, but i don't know what that number is. sorry.
- Thread starter
- #4
yah.. I bet. They were pretty quick to drop it down that low. But the lease terms they came up w/ weren't that favorable. the 51% residule kinda kills the deal.
51 after a 3yr lease? seems really high. i know toyo/lex don't offer favorable lease rates as they prefer a buy thru toyo finance (at least that's what i'm told), but that seems really high to me.... what sort of lease payment are they coming up with with a residual like that.....?????
jp
jp
- Thread starter
- #6
That was 51 on a 2yr!!!!
With a sales price of $59,243, your lease information is as follows:
24 month lease term
12,000 miles
$2,500 money down
.00291 money factor
51% residual
Your total monthly payment is $1265.26.
got a quote on an x5 500 under invoice ~ 56k the lease payment was 765!
Although the residual on that was 67%
toyo/lex are supposed to hold their value as well as any car on the market. on their lease you have to pay for 49% of the vehicle plus interest in 2 years???? i would go for another option... maybe an LC. maybe a diff lease package.
the x5 wouldn't seem to be a competitor to the lx or lc, IMHO. way diff genre of vehicle. sure its a lux suv, but not off road capable like the lx. also, much smaller... more like a lex rx.
i'm gonna do lease to buy or some such thing (5yr with as low mileage as they'll allow knowing i'm going to buy it anyhow).... also think we're gonna put a bunch of cash down to make the sting of a monthly less severe. it'll all be decided when we go to the dealer with his magic calculator.... good luck.
i'd check out a lease calculator online to check the dealer's numbers.
jp
the x5 wouldn't seem to be a competitor to the lx or lc, IMHO. way diff genre of vehicle. sure its a lux suv, but not off road capable like the lx. also, much smaller... more like a lex rx.
i'm gonna do lease to buy or some such thing (5yr with as low mileage as they'll allow knowing i'm going to buy it anyhow).... also think we're gonna put a bunch of cash down to make the sting of a monthly less severe. it'll all be decided when we go to the dealer with his magic calculator.... good luck.
i'd check out a lease calculator online to check the dealer's numbers.
jp
.00291 is like a 6.9%APR i think....
that residual is a KILLER.
jp
that residual is a KILLER.
jp
- Thread starter
- #9
yeah. was actually looking at picking up 2 vehicles. So was comparing the two. since they are similar in price. Wonder if it has to do w/ an 06. vs 07. ie more depreciation. Might be a better deal going w/ a 07
certainly worth checking out. as i recall, the invoice price was 87% of MSRP on the 06 lx. edmunds didn't have the 07 info, but i'd go off that.
they seemingly would give a better deal on the 06 just to get it off the lot/books, but you never know. good luck and keep us posted on your luck.
jp
they seemingly would give a better deal on the 06 just to get it off the lot/books, but you never know. good luck and keep us posted on your luck.
jp
