Mike246

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About Mike246

  • Rank
    Advanced Member

Profile Information

  • First Name
    Michael
  • Gender
    Male
  • Lexus Model
    GS300 SE Mk 2
  • Year of Lexus
    1998
  • UK/Ireland Location
    Hertfordshire
  • Interests
    Travel
    Arts & Crafts

Recent Profile Visitors

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  1. Mike246

    A question for ES owners

    I have a weird question for those fortunate to have taken delivery of their ES. Is there a control to disable the automated selection between electric and petrol power? For example, to maintain a journey on petrol only.
  2. Mike246

    Ok, I’m in love with the ES

    Doctor, Yes, Lexus work in mysterious ways. I've sat in a US showroom model and it is configured differently to our UK spec as well as being built in Kentucky. As you say, the US versions include Apple Carplay as well as a non-hybrid V6 302 hp engine and a very tasty opening panorama roof.
  3. Mike246

    Ok, I’m in love with the ES

    Hi Nerdboy, No manuals with a £40,000+ car? I'm horrified. There must be 500 or so switches and settings in this car as it has more technology than the early Apollo missions. I think I would want a manual to explain to me how it all is to be set-up. I see that you have got the F-Sport - did you specify the Takumi pack with this?
  4. Mike246

    Negotiating for a new ES

    The responses on this post are interesting, notably the detailed one from Steve, SH20. Steve - I assume that you are buying from Lexus Leeds. I bought a car from them, an IS-250C which I still own. They are such nice people to deal with. We all want to get the best deal that we can and you have to get up very early in the morning to beat Lexus UK and the finance companies at their game. The only way of getting a great deal is to be a cash buyer and negotiate the best discount or part-exchange deal you can. There are many Lexus dealers out there and they are hungry for your business. Alas, most of us are not in that position. There are lease, PCP and HP deals which are tempting. The problem with lease is that it does not buy equity in the car however if it is a company acquisition, the tax benefit will look attractive. The PCP deal for the ES on offer has some merit - £ 2,000 contribution from Lexus, an APR of 5.9% and flexible annual mileage/contract term options. The opportunity to negotiate still remains, in terms of a px price, dealer discount and service plan - remember the dealer earns on both sale of the car and a kickback from the finance company. I've never done a PCP before but this time I have. The PCP deposit is limited to 35% of the price of the car (including extras and statutory charges) so there may be an excess payment returned to the buyer which is nice and serves to give a ' holiday' on the first few instalments. What is key to this is to obtain quotes from more than one Lexus dealer, based on the same spec, part-exchange, mileage and term. I went to three and the difference between the least and most attractive quotes is a massive £104 per month over three and a half years with minor differences in the eventual and optional cost to purchase.
  5. Mike246

    Negotiating for a new ES

    Steve, Er yes, I found out about this stealth tax a bit late on and can't say I'm happy about it. Put simply, it adds £ 25 per month to the repayments.
  6. Mike246

    Negotiating for a new ES

    Looking at the detail of what you have written, it is all accurate. In my opinion the smaller satnav screen really spoils the ship, especially on the F-Sport so I am going for the F-Spot Takumi pack which gives some other goodies. The price of £ 4,000 is eye-watering but spread over a PCP it appears less painful. So far as discount is concerned, the only way to 'get one over' on the dealer is to negotiate an outright purchase price (ie no px and no PCP) and get them to commute this to a PCP illustration. They should do this happily as they get a kickback from the finance company but this does not maximise their position. I have not done this. What I have done is to get three dealers to provide PCP illustrations using their trade-in values for my present car and taken the best of these to move forward.
  7. Mike246

    Negotiating for a new ES

    Thank you all for your responses and Steve, for your candour. I would also be looking for 8000 miles/year and 42-month term on a variant which has leather, sunroof and the larger screen. Inevitably there will be variations between dealers' offerings and as you say, you have to be on top of your game to get the best out of them. I am wise but after the event - more on that to follow. They will have to offer a good discount against a cash purchase but be unwilling to do so on a PCP where the monthly payment becomes the headline figure. So far as I know, this is illegal so the first thing they ask is 'How are you going to fund this?' The idea of a service plan thrown-in is good and can become the deal-breaker.
  8. Mike246

    Negotiating for a new ES

    I've now decided that I am serious about doing a part-ex for a new ES. I've never done a PCP before but it's tempting and the focus is on an F-Sport with the Takumi pack. Lexus have not been too clever with their bundling of the options - as an example I don't particularly want 19-inch wheels, hard suspension or a ponced-up sound system but I don't want a satnav screen which is a fair bit smaller than I have in my GS250. I've spoken with 2 dealers (1 by visiting) and it seems that whatever enticements they offer are funded by a low part-ex valuation. No surprise here. Does anyone have a few words of wisdom to put me on the right track?
  9. Mike246

    Ok, I’m in love with the ES

    Can't go public on that at the moment but will do if I sign-up and do a deal. It seems that each dealer has an ES allocation. In addition to a showroom model and one on the road they will have a small number (maybe 3) which will be delivered to customer specification.
  10. Mike246

    Ok, I’m in love with the ES

    I've had a quote from one dealer to give my 19,000 mile GS250 F-Sport as deposit on a PCP deal for an ES300h F-Sport. Given all factors including a hungry market, there is room for improvement. I plan to take the car to another dealer this week for appraisal on the same deal.
  11. Mike246

    Ok, I’m in love with the ES

    Vinny, Envy is a sin (Proverbs 14:30) but right now I'm guilty. Your car looks super and as with the Lexus I've owned to date, is unlikely to let you down. I wish you much enjoyment with it. All I need to do now is convince the missus - and the bank manager.
  12. Mike246

    Auto Express luke warm about the ES

    An interesting point to note (and I must honestly confess that I have just noticed) that the UK version is hybrid only. The US versions are both petrol and hybrid. The former is a 3.5 V6 with 302 bhp and the latter is a 2.5 in-line with 215 bhp.
  13. Mike246

    Ok, I’m in love with the ES

    Business Car magazine out today front page: 'LEXUS ES - WE DRIVE THE NEW HYBRID RIVAL TO THE BMW 5 SERIES' That settles it. They are in the same market. I'll let you know what they say when I've read it. That will be on Friday when I have a 200 mile train journey to Exeter. I'm blowed if I'm going to take my beloved GS300 out on a salty M5.
  14. Mike246

    Auto Express luke warm about the ES

    Having kicked-off this thread I have viewed the subsequent posts but felt unenthusiastic about contributing to this bunfight. A Lexus is just a Toyota in a smart suit but nothing wrong with that - I've had 5 of them including my 20-year old GS and they've never gone wrong. 'Almost 9 seconds to 60' Where does that come from? In the US they market the 350 (V6 which is 6.6 to 60) and the 300h (same 2.5 hybrid setup as ours) which is quoted in their brochure as 8.1 to 60. The 2.5 non-hybrid without the weight of the battery and electric motor should come in nearer 7.5 to 60.
  15. Mike246

    Auto Express luke warm about the ES

    Dippo, I find myself agreeing with some of what you have written. Certainly if you wanted a 24-hour test-drive you could have taken yourself off to another dealership - certainly Guildford, Edgware Road and Hatfield are very obliging as I have always found. I first saw the 2019 ES in a Florida showroom. Our build and options are not quite the same in the US - their base model has leather as standard. The earlier ES is far more commonplace in Florida and competes with upper-middle domestic models such as the Mazda 6 but is in a different league to our Mondeo. Rear legroom and boot space are less than the outgoing GS (I have a Series 4 GS250). The spindle grill is a bit 'in your face' across the models but maybe we'll all get used to it. Certainly the standard 8" screen is underwhelming for an upmarket Lexus and in the US one must take the Navigation Package which is an option across their range of 3 models to get the 12.3". You say that Lexus plan to sell 700 in the first year. This is 14 per week across the dealerships. I cannot believe that they would go to the expense of launch, marketing and approvals for such a meagre number. At the end of the day their sales will be reflected by the post-discount selling price and the PCP repayments. I have never done a PCP but the repayments are certainly lower for cars that are predicted to have a good 3-year residual value.