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Lexus GX460 GX470 Prices Paid and Buying Experience

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Comments

  • I'm looking for a 12,000 mile 36 month lease, and here in NJ, I was just offered with the December to Remember special: 52,XXX sticker price, and with $0 down, tax included, only out of pocket expense is First Month Payment, Tire Tax, and Motor Vehicle Registration. The price was: $720/month. Sound like a good deal? Closest I got was $749/month PLUS 800 Doc Fee, 500 Bank Fee, First Month Payment, etc. Thanks!
  • Never lease a car.
  • Not the most helpful- or wisest- response. There are many reasons to lease a car, and you can find them all very well explained on this site. If you are one to buy and drive cars for quite some time, then it of course makes sense to purchase. If you tend to enjoy driving a new vehicle every few years, leasing would end up being the most cost effective way to indulge.
  • I think there are better deals out there. Well, I hope there are because I plan to lease a GX470 also during the event. I scanned this forum and the GX470 leasing forum for last year's event. I believe hoggolfer landed the best deal last year at $565/month with only a $600 acquisition fee. He did use multiple security deposits to lower the money factor. More details can be found in the GX 470 lease forum; use the search forum feature with a keyword of December. Hoggolfer, along with many other people last year, were getting near invoice acquisition costs. During last year's event, Lexus offered lease support, marketing support, and taxes paid. I don't know the details for this year yet. I posted a request in the GX 470 lease forum.
  • I found an 06 GX470 with Navigation and Mark Levinson sound but NOT the rear entertainment DVD for $42,500. It has only 9,000 miles and 26 months or 50,000 miles left on the warranty. Thoughts?
  • From my research, that seems like a good deal, assuming the car is in like-new condition.
  • Well, I personally think leasing is a waste of money, but leasing a 45K car is just stupid. Almost any financial adviser will say the same. Gosh, they even teach that in high school.
  • Not to go too off topic or create a disagreement, but again that's not entirely true. Without knowing the residual and MF on the GX470, I couldn't hazard a guess as to whether it makes sense to lease. Lexus typically doesn't have great lease deals on cars other than the ES and maybe another one or two, and with a car with the reliability history of Lexus it certainly would make more sense to buy if you could do so.

    That being said, the price of the car doesn't have a ton to do with whether it makes sense to lease. Often the captive financial companies of the vehicles artificially increase numbers in order to move them on leases.

    For example, the 5 series BMW is a very good car to lease instead of buy. BMW's out of warranty can be extremely expensive, and the residual values of those cars on three year leases are 60%, meaning that the difference between buying and leasing in terms of $ are extreme....and then you aren't saddled with several K expenses out of warranty. Just an example.

    $ for $ for someone who is going to own a car for many years? No-brainer that buying is a better option. But leasing does have advantages.
  • Just looking to see if anyone has gotten any other quotes on 08's, or prices? Thanks!
  • A financial advisor worth his/her salt will take into account the goals of an individual. I usually do not consider leasing vehicles. In fact, I usually purchase low mileage, one or two year lease returns with significant warranty remaining on the vehicle. I have only leased one car during my lifetime, and it made absolute financial sense to do so at the time. A lease allowed me to have a much lower auto payment, which translated to an easier qualification for my first house. I would not have qualified for the home loan with a traditional auto loan payment. I needed to put more money down on a house not a car to lower the auto monthly payment.

    Leasing can make financial sense even taking out personal buying patterns for vehicles (i.e. tendency to buy cars every two or three years). Lease support and multiple security deposits can significantly lower the cost of financing - possibly even better than traditional loans. However, zero percent loan options currently in the marketplace (not from Lexus) definitely outperform leases.

    Finally, leases can act as a hedge when acquiring a new SUV. With rising gas prices and the trend towards better MPG, today's SUVs have a decent chance of accelerated depreciation similar to the large sedans of the 70s. A lease sets the residual at the beginning of the term, mitigating depreciation risks. If the value at the end of the lease is well below the residual, one can simply turn the car back into the dealer and walk away. If the worst does happens (meaning today’s SUV are yesterdays Oldsmobile), purchasing the car today leaves one in dire shape in the future.
  • ...unfortunately.. this isn't the place for it..

    Let's stay on the specific topic at hand... Other members come here to find out what prices are being paid.. for this particular vehicle...

    Thanks!
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • I have helped several readers of this forum looking for a great deal on GX or LX via my contact at a NJ based dealer. If you want my contact's info, please send me a note to phula11231 at yahoo.com.

    I am not associated with, related to, or othwise employed by this dealer/salesman.

    What I did was a LOT of research before buying my Lexus, and am happy to pass my info to other readers of this board.

    Happy Holidays

    Ed in NJ
  • I traded in a 2006 GS 300 with 12900 miles plus $13,000 on a new load GX 470 with only 2 miles on it. Any thoughts or comments?
  • I traded in a 2006 GS 300 with 12900 miles plus $13,000 on a new load GX 470 with only 2 miles on it. Any thoughts or comments? was trade
  • How much did your GX 470 cost? Option list?
  • I signed last week for an 08' GX470. MSRP was 52,4XX, and I got it for 720/month INCLUDING: Tax, Title, 5,000 mile service, 10,000 mile service, 15,000 mile service, All Weather Floor Mats, Navigation, Rear Spoiler, Third Row Seat. Waiting on it to come into port. (Black/Dark Gray). The 720/month is a 12,000 mile lease, 56% buyout in end. Wound up being 48,100 sale price. Only up front cost I'm paying is first month payment, registration fee (Not Title), and Tire tax. No other dealers could try to touch this deal. I tried to get another service thrown in, but they said they're not making money on the deal as it is.
  • I am just wondering, how strong is the demand for 2008 GX470 vs. supply? Are you seeing shortage in supply?

    I am getting a run around from my dealership located in Portland Oregon. They are saying they have one Blizzard pearl for this December month. I think this is bunch of bull.
  • The sticker price on my GX 470 was $ 53,644.00. the options were

    **Navigation/Mark Levinson Audio Package Includes: Generation 5 Navigation System and Rear Camera with Steering Wheel Voice Command button, Bluetooth, EMV Mark Levinson 14-Speaker 240-Watt Premium Audio System, and DVD Changer
    **Third Row Seat with Rear Air Conditioner
    **Towing Prep Package Includes: Wiring Harness, Converter, Sub-Bracket, Rear Bumber Hitch Cover with Cutout (did not include ball mount)
    **Cargo Tray
    **XM satellite Radio
    **All Weather Mats
    **Preferred Accessory Package: Cargo Mat, Cargo Net and Wheel locks
  • Looks there are plenty of 2008 GX470 here in Southern California.
    I saw at least 8 of them (including 1 Blizzard Pearl) on the lot of Carlsbad Lexus.
    No shortages here!
    If you can pick one up from here I suggest sending an email to few of the dealerships and see what kind of deal you can get. This strategy really works.
    :)
  • I bought an '08 GX470 in Blizzard pearl in Kansas City last month, and that color is in extremely short supply here in the Midwest. The sales rep showed me the allocation sheet, i.e. the number of vehicles with specific colors/equipment levels planned for the next three months, and there were only 1 or 2 per month planned for his dealership in Blizzard. We then found a vehicle in St. Louis and had it brought to KC. I'll bet most of the vehicles in Blizzard have been allocated to Southern California and the New York / New Jersy areas. Ask to see the allocation sheet, by dealer and city, for your part of the country, and if the vehicle you want is somewhere else, you can ask them to have in brought in. Good Luck!
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