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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • cpa3cpa3 Posts: 88
    Gator,

    Assuming your .00065 is correct that equates to a 1.56% interest rate, which is an excellent rate....To arrive at this you take the lease rate and multiply by 2400...Maybe now that they have started their December to Remember event you can do better...The GS 350 is a great car...Just too bad the residual is so poor...
  • Thanks, myerslaw and cpa3. Does any one know what the December To Remember promotion is exactly? All the lexus.com site says is contact your local dealer. Not much information, really.
  • Hi redbull. This car's selling price looks excellent and the money factor that you were quoted is right in line with Lexus Financial Services' current buy rate. If you like the car, I personally don't see any reason not to pull the trigger on this deal.

    Car_man
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  • Hi gator5000e. through its December to Remember program, Lexus is providing special financing rates, dealer cash, or a special lease program on all of its models. On the 2009 GS 350, is is currently only providing lease support. Lexus Financial Services' special buy rate lease money factor on this car is .00120 right now.

    Car_man
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  • Thanks, Car_Man. Is the Residual still around 42%?

    Thank you for your assistance.
  • You're welcome, gator5000e. Lexus Financial Services' current 36 month, 15,000 mile per year residual value for a base 2009 GS 350 is 47%.

    Car_man
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  • Just paid the deposit on a (smokey granite. dark interior) 2009 GS350 w/o M/L. MSRP was 51,549, closed the deal at 45,700 plus tax and title. Probably not the lowest price, but wanted to close the deal this week end. Car is being transported from another dealer about 100 miles away and I was told that I should get the car Monday or Tuesday.
    This forum has been pretty useful in my research. Thanks everyone
  • htbrnhtbrn Posts: 4
    Hey Car_man,

    Saw your info on the residual value of the base '09 GS350. Any idea or guess as to what the current residual value is for an '08 GS350 AWD is for a 36 month 12,000 mile lease?

    Thanks for any input and happy new year
  • htbrnhtbrn Posts: 4
    I really appreciate all the advice and commentary on this board. It really helped me finalize my deal. Not sure how great a deal it was (I'd be curious to hear your opinions), but I'm content with it

    Sharing my own details below in the hopes that it can help someone else (though forgive me for any newbie errors in terminology / details)
    ~~~~~~~~~~~~

    Dealership in northern NJ. Brand new 2008 AWD GS 350 in Smoky Granite/Black equipped as follows:

    Basic navigation package (not fancy ML audio)
    Automatic sensing wipers and headlights
    Parking assist
    Ventilated seats
    Accessory pac
    Spoiler
    Leather and wood steering wheel

    $51,249 MSRP
    $43,918 Sale price / Capitalized cost
    36 months and 12K miles/yr
    $3800 cash at delivery (but also got a dealer promotion $500 AMEX gift certificate)
    That breaks down as: $700 origination fee, $599 first month, $2085 capitalized cost reduction, and the remainder was the registration and documentation)
    $599 per month (including tax)
    43% Residual
    ? money factor (they wouldnt tell me)

    My goal was to minimize the upfront cost as much as possible. That was a greater priority than lowering the monthly payments. Seemed that residual value drove the difference between offers I received from Lexus vs. BMW and Mercedes. Though, right after signing with Lexus, I got a call from BMW nearly matching those terms for a 528xi

    My salesman was great and I'd recommend him to anyone. Manager was a d**k, but I guess thats his job. Happy to provide their names to anyone via private message

    Again, greatly appreciate this forum's assistance. Thanks
  • Anyone know of any car lease calculators that can be downloaded to Blackberry for on the fly calculations?
  • Hey htbrn. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 GS 350 AWD with 12,000 miles per year are .00155 and 45%, respectively.

    Car_man
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  • agent7agent7 Posts: 1
    I am looking at a 2009 GS350 RWD w/Nav MSRP $49,860 The best price I can find so far is $45,000. Is this the best price I should be able to get?? I live in the Midwest area. Thanks
  • No You could do better. How close are you to chicago, il ?
    Could get an awd for that price try carsdirect.com for pricing in LA, Ca it comes less.
    try other zipcodes and pay shipping.

    I have a GS awd 350 . My advice stay away , the new ES is more spacious , cheaper, more mileage, as quiet and smooth. only con no AWD.
    However the ES with ESC is as good as my GS on snow and hardly skids.

    The GS comes standard with run flats which are expensive to maintain and noisy.
  • akhi2006akhi2006 Posts: 14
    Hello Carman, can you please provide me the April numbers for GS350 AWD with all the options invcluding Navigation and Mark Levinson.

    12K 36months
    15K 36months

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi akhi2006. Here's the information that you're looking for. Lexus Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2009 Lexus GS 350 AWD with 15,000 miles per year are .00145 and 43%, respectively. The money factor for a lease with only 12,000 miles per year is the same, but the residual value would be 2% higher.

    Car_man
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  • sincesince Posts: 1
    could you send me the info for the sales person.
    I live in North Jersey. I went to Little Falls lexus.
    They wanted to charge me over 850+ for a lease.
    I walked out. It was a 2009 gs350 awd. Your sale price is good.
    since@opendemand.com
  • mlpca1mlpca1 Posts: 1
    I don't see alot of postings re: payments. I am looking to lease GS350 AWD with Nav (don't care about ML audio), park assist and a few other items that get me into the $51K range. I need 36 mo/15K mi, prefer no money down but will go to $2000 plus the usual tax/fees. Live in Southern NJ, but willing to drive within 2 hours to dealer. When I calculate the money factor and residual, it doesn't come close to what dealers are claiming the payment will be. I have heard $800 to $1000, too much of a range to consider. Can anyone tell me what they are really paying per month? Thanks!
  • htbrnhtbrn Posts: 4
    I sent an email to your Opendemand account
  • gia421gia421 Posts: 1
    Hi,
    I live in North Carolina and Im in the market to get a new luxury sedan. I am considering the Lexus GS350 RWD with Nav. Does Lexus have any lease specials or can any one tell me what the approx payments they are paying on their lease so I can get an idea what it will run? Any information would be helpful regarding how much markup there is etc. Any help would be appreciated!

    :confuse:
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I know that Lexus offers official F-Sport performance parts for the GS, so I thought that I would share this new 20% discount coupon for purchases of any F-Sport accessories that recently came out here. The coupon is valued at up to $2,000 (20% of a $10,000 purchase) and valid only during the month of July. If anyone's interested, I can e-mail them a .pdf or a .jpg file containing the actual coupon.

    image

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gia421. Lexus is indeed running a special lease program on the 2009 GS 350 right now. Through July 6th, Lexus Financial Services is providing a special lease money factor of .00125 on the '09 GS 350.

    Car_man
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  • myerslawmyerslaw Posts: 21
    Car Man, I'd be interested in knowing the pdf. You can send it to me at myerslaw@aol.com. And, as always, thanks so much for the terrific work you do on these forums. You've probably been responsible for thousands of good deals for buyers/lessees, and may well have helped some deserving dealerships in these parlous times. Joseph Myers
  • kyfdxkyfdx Posts: 29,250
    I e-mailed you the .pdf

    regards,
    kyfdx
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  • jfolzjfolz Posts: 1
    Car Man,

    Can you provide me with the lease money factor and residual for a 2009 GS350 on a 48 month lease with 12k/year miles. The dealer (Naples, Florida) is telling me the money factor triples from 36 month to 48 month. Thank you in advance.
  • Has anyone in So. Calif. leased an '09 GS350 with the new "Golden Ticket" promo - $599+tax/$3799 cap cost/10k mi. yr? Anyone done better than this?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the July program, jfolz. Lexus Financial Services' current buy rate lease money factor and residual value for a 48 month lease of a 2009 GS 350 2WD with 12,000 miles per year are .00030 and 44%, respectively.

    The dealer that you spoke with is right. LFS' special lease program is only available for up to 36 months. Its 48 month factor is much, much worse.

    Car_man
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  • FYI -
    The final deal I got last week:
    2009 GS350 w/ ML - $52,849 MSRP
    36 mo lease w/ 12k/yr
    $3599 drive off
    $607 +tax /mo
    Residual $23,253
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Congratulations on getting your new GS, lookn4lease. Thanks for taking the time to share the details of your lease with everyone. I'm sure that others who are in the market for similar cars will find it most helpful. If you haven't already, you may want to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well.

    Enjoy your new ride :shades: !

    Car_man
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  • tomb009tomb009 Posts: 2
    Does anyone have the MF and residual amounts for the Lexus Golden Opportunity sales event? I am looking for 36 months with 12k per year in Arizona on a GS350. I am between the GS and 528 and would like to have my data in hand.

    Thank you.

    tomb009
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello tomb009. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 GS 350 2WD with 12,000 miles per year are .00030 and 44%, respectively.

    Car_man
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