$450.00 is a very low price to do the timing belt. If I had an 03 LS430 with only 55,000 miles I would not be thinking about a Timing Belt job for awhile.
I purchased my 2001 LS430 in August of 09 with 89,000 miles. I knew it was due for a timing belt at 90,000 so I was able to negotiate the selling price down a bit after telling the used car salesman that a Timing belt/water pump job typically runs $1200 to $1600 in Boston area.
I planned on doing the job myself this spring but decided to confirm and compare dealer cost before commencing. So last Thursday I drove over to the dealer to get a quote.
The salesman told me that the job (Timing Belt, Water Pump, and Drive belt) normally runs $1200.00. However this month they are running a special for $850.00. And by the way, a FREE loaner (New Es 330) comes with the job. To me it was a no brainer. Let them do it. I made an appointment for the following Monday.
Monday 7am, I drive my car into fully enclosed car bay, turned over my keys, signed a couple of forms and was on my way in their car in about 10-15 minutes. This dealership is like a palace. Every thing top notch. I have never had a better experiance purchasing anything in my 62 years.
Only time will tell how good of a job they did. My gut feeling is that I got a top notch job done for a fare price.
In closing, I would like to say that as far as pricing is concerned on dealership work, what they charge us and what their COST are (markup) is very arbitrary. One dealer (or private garage) will not budge from quoting $650 for the Water Pump and another $650 for the Timing Belt. Where as my dealer, on this occasion, chose to reduce the price. Supply and Demand.
My two cents.
B)
Linheart
PS
Another side benefit to going to a dealer is that they check everything and write down on the invoice what other work needs to be done. In my case the following applied:
Need new air filter. $40.00
Cabin/AC filter and Tray which was found to be missing. $78.00
Front and rear brakes Ok with 5mm left.