LA Auto Show 2009

The 2009 Auto Show, overall, was worse than the 2008 show. That says a lot because the 2008 show wasn’t all that good either. However, considering the state of the industry in these economic times, one has to be surprised to even see an auto show these days. Before I get started with my list of highlights from the show, I’d like to point out that many manufacturers skipped out on this years show. Notable absentees include: Nissan/Infiniti, Ferrari, Lamborghini, Saturn (obvious reasons) and Pontiac (even more obvious). The most surprising participant was Saab. Considering what’s going on with Saab right now, I wasn’t expecting them to be there at all. For all we know, their future may not extend past this holiday season. That would explain why the didn’t show their concept cars this year.

Now lets move on to my First Annual RwG Auto Show Awards! Remember these are personal opinions, which are open to debate. Chime in if you disagree!

Star(s) of the Show: I would have to give the Audi R8 Roadster and the Lexus LF-A the nod on this year’s show. Last year, the one that impressed me most was the Buick Riviera. This year, I didn’t even recall seeing it. Nevertheless, these two super cars are sexy and I wouldn’t mind having either one parked in my garage at some point in my life.

Runner-up: Fisker Karma/Sunset.

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Concept of the Show: I would have to give this award to the Honda P-Nut. Probably the strangest yet unique vehicle on the show (The BMW Vision came a close 2nd). It’s got the “cute” factor as well, so it doesn’t hurt. It sits three, in a “McLaren F1” formation, featuring the driver middle, allowing passengers to have a lot of leg room. Clever. Ladies, be sure to wear pants when driving this thing because oncoming traffic and pedestrians can see EVERYTHING through the windshield. 😉

Runner-Up: Volvo S60.

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Hybrid of the Show: Fisker Karma/Sunset and the Chevy Volt get the award for this category. The Karma/Sunset is cheaper than it looks; It has the looks of an exotic, but it comes in at under $100k. It also comes in two trims, Sedan and Coupe. Gotta Love It. The other winner, the Chevy Volt, should be selling for around $40k. It is a bit more expensive than the Prius, Insight, Civic and Fusion, but the fact that you can run it purely off the electric motor can potentially save you a load of money on gas over time (if you commute is less than 40 miles round trip). For me, I practically don’t have to pay for gas since my commute is 10 miles round trip. Added bonus? It doesn’t look like a pod (think Prius/Insight).

Runner-up: Ford Fusion.

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Surprise of the Show: Buick LaCrosse/Hyundai Genesis. Yeah, yeah, yeah. I know, GM and Hyundai…And yes, I remember what I’ve said about Hyundais and GMs. But these two sedans look and feel better than I ever expected. The Buick was elegant and fairly well built. Materials where plush and the didn’t carry the typical cheapness found in earlier GMs. The same can be said about the Genesis sedan. I sat in the backseat and was VERY impressed with the quality of materials. The leather was soft and cushy, plus there was a TON of legroom. The only question I have now is, “how do they handle on the road?”.

Runner-Up: Hyundai Sonata.

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WTF of the Show: Every show has a “WTF” car that just looks weird or makes you wonder what the designer was drinking/smoking when designing the car. This year’s award goes to the Porsche Panamera. I know there are a lot of concept cars that give off the “WTF” aura as well, but the thing about the Panamera that beats them all is that this vehicle is production-ready. Seriously? A 4-door Porsche hatchback?? Its like a flattened, stretched and lowered Cayenne or something. Really bizarre. What’s really funny is that there were these folks commenting about how “gorgeous” this car was and what not (dude peeking into the cockpit in the 2nd pic; the one with the flannel shirt. You know, your “typical” Porsche buyer. LOL.), so I guess they didn’t mess up that bad. But then again, there were some people out there that really loved their Pontiac Azteks too.

Runner Up: Jeep Lower Forty. Mini Concept.

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Here is the full gallery of pics I took at the show. The goods, the bads and the uglies.

2009/2010 Lexus RX, IS Lease Rates – November 2009

logo_lexusMy Take: A bit low on the IS numbers this month, but this should give you an idea of what Lexus’ “December to Remember” promo looks like. Not exactly memorable, but then again, they could be providing some rebates that I am not fully aware of. I say this because I’m not seeing anything official on Edmunds other than the 2.9% financing for 60 months. Expect lease rates to carry over through early January. This is probably going to be the case for most automakers.

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2010 Lexus RX350

2010 Lexus RX350
36-month | 15k miles | residual 60% | .00220 base money factor

2010 Lexus IS250

2010 Lexus IS250 Convertible
36-month | 15k miles | residual 61% | .00220 base money factor

2010 Lexus IS250 AWD
36-month | 15k miles | residual 60% | .00210 base money factor

2010 Lexus RX350 Lease Rates – October 2009

logo_lexusMy Take: The money factor on the 2010 RX isn’t very attractive right now, but the residual value is. You will need to do your best to knock off a decent amount off the MSRP in order to compensate for the high money factor. 10% off MSRP is generally what I recommend shooting for in these economic times. More, if the dealer has a lot of marketing/dealer/customer cash available for you. As you know, marketing, dealer and customer rebates are all provided by the manufacturer, NOT the dealer; therefore you need to get the dealer to discount you PLUS whatever the rebates the manufacturer has for you.

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2010 Lexus RX350

2010 Lexus RX350 FWD w/o RES
36-month | 15k miles | residual 60% | .00255 base money factor
48-month | 15k miles | residual 51% | .00255 base money factor

2010 Lexus RX350 AWD w/o RES
36-month | 15k miles | residual 60% | .00255 base money factor

2009/2010 Lexus IS Lease Rates – October 2009

logo_lexusMy Take: 2009 IS looks alright still, so be sure to check out any remaining 2009 models if you are in the market for an entry-level sports sedan. I think the 2010s are a bit expensive right now, but the residual is high enough to offset some of the MF. Don’t forget MSDs if available. The key here is the sale price. If you can secure very good discounts off the MSRP (ideally around 10% or more), then you might be able to pull off a decent deal on the 2010 IS, even on the convertible.

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2009 Lexus IS

2009 Lexus IS 250
36-month | 15k miles | residual 53% | .00075 base money factor

2009 Lexus IS 350
36-month | 15k miles | residual 50% | .00120 base money factor

2010 Lexus IS

2010 Lexus IS 250
36-month | 15k miles | residual 60% | .00220 base money factor

2010 Lexus IS 350
36-month | 15k miles | residual 57% | .00220 base money factor

2010 Lexus IS 250 Convertible
36-month | 15k miles | residual 61% | .00255 base money factor

2009 OC Auto Show

I was on hand at the OC Auto Show this weekend browsing through the latest and greatest from a handful of manufacturers. It was somewhat disappointing to see that some big name brands didn’t show up, but then again I can’t really blame them. Come November, the Los Angeles Auto Show should be in town, so there isn’t much of a spending that kind of money to promote your vehicles twice in the same market. Nevertheless, the OC Auto Show was solid because it was not too crowded and I got to hope into practically every single car. Hopefully, you took advantage of the free ticket I posted on the previous OC Auto Show post. I ended up realizing that the ticket was only FREE for Thursday and Friday. For Saturday and Sunday, it gives you a 50% discount for up to 4 tickets; still a pretty good deal.

For those who have never been to the OC Auto Show, this is a much smaller venue compared to the LA Auto Show. The most notable absentee was Mercedes Benz. I found that to be somewhat strange considering BMW, Audi, Infiniti and Lexus put up some seriously strong showings there. Now the highlight of the show was probably Saturday’s Hawaiian Tropic Bikini contest. Unfortunately, by the time I got there, the crowd had gotten pretty big and it was hard to see much of anything. I also happened to be with my wife, which pretty much explains why I didn’t get to see anything as well. Nevertheless, I did bump into some rather attractive booth girls and there were a few bikini models did roam around the show taking pictures with attendees.

Now lets go back to the cars shall we! 🙂

Acura: The fellows from Japan had the usual lineup, TSX, TL, RL, RDX and the MDX. They also brought in the production ready model of the ZDX, which looks looks like an oversizedd futuristic sports car with 4 doors and a big trunk. My biggest complaint? The color. Why on earth would you debut a production ready vehicle in a crappy brown color?! Great car, crap color.

Audi: Audi brought in all of their cars in glossy white and left the LED lights on to add to the COOL factor. Too bad they put the price tag on these cars too. Talk about sticker shock! One of the most surprising things about the A5 is the trunk space, its freaking HUGE for a coupe.

BMW: The BMW section was a bit bland. I didn’t spend much time there, but I did get the wife into a M3 and she loved the supple leather seats. Her direct words “wow, the leather feels nice”.

Buick: Buick showed off the new Lacrosse and that’s about it. It looks very Lexus-like. Why not just buy a Lexus?

Cadillac: They showed up the CTS trims and their new concept coupe, the Converj. They had this lady presenting the vehicle and talking about design philosophy, etc…then she asks “Do you have any questions? Like when its coming out or how much it will cost? Well it’s not coming out, so there’s no price for it”.

Chevy: Chevy brought out the big guns by displaying a full-sized version of Bumblebee of the Transformers. They even brought in an Autobot-branded Camaro to post next to it. Then my wife and I stood next to them and posted with them. LOL. It was quite entertaining. GM also brought out some of their high-end Corvettes and Camaros and displayed the Stingray Concept; VERY awesome looking as you can see.

Chrysler: Yawn…

Dodge: Double Yawn…

Ford: Probably the biggest disappointment for me was 2010 the Ford Taurus. That center console is freaking MASSIVE! I felt claustrophobic in there and that’s a pretty big car. Not only that, the plastic interior panels reminded me of BouncewithB’s company car, the Dodge Nitro. I could literally PUSH some panels in exposing huge gaps between them. You won’t see that in an Audi A6.  I spent about 5 minutes sitting next to this British guy inside the Taurus and all we did was whine about how Ford has disappointed us yet again.

GMC: Nothing too exciting, just the usual suspects.

Honda: The only  “exciting thing” was their hydrogen powered car that I’ve seen three times already.

Hyundai: Wife really liked the Genesis Coupe and proceeded to diss my G37 as having a “BIG BUTT” compared to the Genesis. How RUDE!

Infiniti: Wife, again tried to make me feel good by telling me the Moonlight White on the EX35 is much better looking than the Ivory Pearl on my G37. Gotta love her. 🙂

Lexus: New HS looks like a bigger more expensive high-tech Prius. Sat in the IS-F and I have to say that that car feels way too cheap inside for a Lexus.

Mazda: I noticed all 2010 model have the massive fish-lip that the 2009-2010 Mazda3 and Mazda6  came out with; yup, that includes the RX8.

Mercedes Benz: A no-show. Lame.

MINI: Sat inside the Clubman with the wife at the wheel. She proceeded to feel claustrophobic (like I was in the Taurus) and jumped out. Looks like we’re not getting a MINI after the TSX.

Nissan: I don’t think I made it there.

Subaru: Took a few pics of the STi. Good looking hatchback if I do say so myself.

VW: The new Golf / GTI are out and they look much better in my opinion. I would probably consider a 4-door GTI as my weekend car since its compact yet has more cargo room than my G37.  I spent some time looking at the Tiguan as well. My folks recently picked one up so I wanted to see what it was like. Its not the most luxurious car out there, but its well-built and has a nice interior.

Volvo: The new S60 and the C30 looked better in person. Their new crossover SUV XC60 looks wicked with dark tinted glass. I still wouldn’t lease one yet since I still remember my sister’s horror stories about her S70 back in the day.

Anyway, I would go on and on about the show, but I’m sure you guys want to see the pictures, so here you go!

09/10 Lexus ES and IS C Lease Rates – August 2009

logo_lexusMy Take: ES350 lease rates look pretty decent. Money factor is pretty low so you know you won’t be getting nailed with a lot of financing charges. Residual is a bit low too, but certainly not a surprise since we’ve already begun the 2nd half of the year. Invoice price should be attainable in most areas with decent competition since this car is probably nearing end of production (or possibly already ended production). I’m not going to say much about the IS C because it is clearly too soon to be talking about this car.

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2010 Lexus IS250 C

2010 Lexus IS250 C
24-month | 15k miles | residual 65% | .00245 base money factor
36-month | 15k miles | residual 58% | .00245 base money factor
48-month | 15k miles | residual 49% | .00245 base money factor
60-month | 15k miles | residual 40% | .00245 base money factor

2009 Lexus ES350

2009 Lexus ES350
24-month | 15k miles | residual 54% | .00030 base money factor
36-month | 15k miles | residual 47% | .00030 base money factor
48-month | 15k miles | residual 38% | .00060 base money factor
60-month | 15k miles | residual 29% | .00245 base money factor

2009 Lexus ES350 w/ Ultra Luxury
24-month | 15k miles | residual 52% | .00030 base money factor
36-month | 15k miles | residual 45% | .00030 base money factor
48-month | 15k miles | residual 36% | .00060 base money factor
60-month | 15k miles | residual 27% | .00245 base money factor

The Wall: Spicy Mikey’s Daughter’s 2009 Lexus IS250

Name: Spicy Mikey
Location: Florida
What He’s Got: 2009 Obsidian Black Lexus IS250 (for his daughter)
What It Cost: Loaded to the teeth. Navigation. Backup camera. Bluetooth phone. Heated & Ventilated Seats. Voice control for Nav, Radio, HVAC. HID Xenon headlights and fogs with Adaptive lighting. Wood grain interior trim. 18” sports wheels with low profile summer tires. Preferred Accessory Package (Trunk mat. Cargo Net. Wheel Locks. First Aid Kit). Dealer added accessories: XM and Rear spoiler (not pictured). MSRP $40141. Residual $19,252 (50%). Money Factor: 0.0004 (0.96%). Due at signing: $1500 (includes 1st payment, starts, and neg. price for non-residualized accessories). Gross Cap Cost: $35,751 + $700 Acquisition Fee = $36,451. Monthly Payment: $517.99.

My Take:Wow, talk about fatherly love! That just raises the bar on the parental gifts department. So is this like a graduation present or something? I hope my future kids don’t ever see this post or they might start expecting things. LOL. The MF is nice and low, residual is still relatively reasonable. Very good sale price. Too bad about the dealer addons, but at least the spoiler was free! Overall, pretty solid deal. Good job Mike! Definitely a great improvement from the previous quotes you mentioned.

Want your ride featured on RIDE with G? Head over to THE WALL for more information.

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IS250_Front_Quarter

09 Lexus IS Lease Rates – June 2009

logo_lexusMy Take: The IS250 Auto and AWD are probably the two best leases in the IS line up. Money factor is low and residual is high. Not only does this make a good lease, it also makes it good enough to buy out at lease end. The ISF and IS350 are slightly less desireable due to the low residual values and high money factors. The IS250 Auto & AWD are a VERY good deal month actually. Invoice price (or maybe slightly lower) should be attainable in certain areas with solid competition. It certainly doesn’t carry the “LEASE ME NOW” tag that the MB C350 has had for the past few months, but it is certainly not too far off. Personally, I would still pony up for the IS350 over the IS250. The MF isn’t all that bad at .00110. The residual does suck a bit, but nothing a lower yearly mileage allowance can’t fix.

If you are in the state of Texas, please be sure to support Michael Stewart (Park Place Lexus in Plano) from the Dealerplace. Thanks!

At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Lexus IS250 Automatic $30,101 $33,350 $481 $391 $618 $483

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.
  • No rebates/incentives applied

2009 Lexus IS

2009 Lexus IS250 Manual
24-month | 15k miles | residual 57% | .00105 base money factor
36-month | 15k miles | residual 50% | .00105 base money factor
48-month | 15k miles | residual 41% | .00125 base money factor

2009 Lexus IS250 Automatic
24-month | 15k miles | residual 57% | .00040 base money factor
36-month | 15k miles | residual 50% | .00040 base money factor
48-month | 15k miles | residual 41% | .00060 base money factor

2009 Lexus IS250 AWD
24-month | 15k miles | residual 57% | .00040 base money factor
36-month | 15k miles | residual 50% | .00040 base money factor
48-month | 15k miles | residual 41% | .00060 base money factor

2009 Lexus IS350
24-month | 15k miles | residual 54% | .00110 base money factor
36-month | 15k miles | residual 47% | .00110 base money factor
48-month | 15k miles | residual 38% | .00130 base money factor

2009 Lexus IS-F
24-month | 15k miles | residual 53% | .00245 base money factor
36-month | 15k miles | residual 46% | .00245 base money factor
48-month | 15k miles | residual 37% | .00245 base money factor