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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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Comments

  • zoombie99zoombie99 Posts: 124
    You are reading it wrong. He applied MSD to reduce his payment. He gets the MSD back at the end of his lease. Sounds like a good deal to me! MSD are the way to go.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zoombie99. Lexus Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a base 2013 GS 350 with 15,000 miles per year are .00190 and 63%, respectively for consumers who qualify for its Tier 1+ credit tier.

    Yes, the conquest cash did indeed go away.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • zoombie99zoombie99 Posts: 124
    There is no need to pay MSRP any more. Dealers on the east coast are finally giving substantial discounts. Fly out and drive back to Ohio, you will save thousands, especially if you get it at the end of this month .
  • kooldoc98kooldoc98 Posts: 11
    thank you for your advice,but i needed a car earlier this month so have already signed the lease
    2013 GS350/AWD with premium package,blind spot monitor,18"wheels,cold weather package
    42 mths@ 15k/yr
    0 down (except for first month payment)
    MSRP 55600
    Residual 63%
    745/mth tax included
    I know not a good deal but as mentioned had been waiting for this car since January and it was time to lease one.I tried 3 different dealerships but not much success with MSRP.
  • zoombie99zoombie99 Posts: 124
    How do you like it?
  • kooldoc98kooldoc98 Posts: 11
    Like? the car, yes!!! worth it , including ride and luxury features
    but the deal , could have been way better.
    will try luck next time.
    I was in looking fro Audi A6 earlier but changed my mind since Audi had low residuals and higher monthly payments.
    Audi is superior in some aspects but after riding in lexus found lexus not to be inferior to Audi in some things.
  • zoombie99zoombie99 Posts: 124
    I drove the A6 and I felt cramped, I'm 6'1" amd the Lexus seems to have more room for the driver
  • zoombie99zoombie99 Posts: 124
    Lexus has brought back the conquest in May for the GS350. The bad news is that they lowered the residuals. (I think it is 1% but I haven't confirmed same)
  • abacomikeabacomike South FloridaPosts: 3,514
    edited May 2012
    Lexus has brought back the conquest for May

    I checked out a few dealers down here in Southeast Florida and rather than lease, I bought it on Sunday, April 29th. In Florida, they had a $1500 conquest available for April. The car I bought was a GS350 base with an MSRP of $58,860. Selling price was $54,500 at the top of the buyer's order. They then subtracted the $1500 cash back for conquest certificate from the balance owed at the bottom. They had a dealer fee of $699 (all FL dealers have a dealer fee, no way around it). They got me financed at 2.69% for 60 months on a $16,000 loan balance.

    So, all I am trying to say is if you shop hard, and you have 6 dealerships within a 30 mile radius of each other, great deals are available. Remember, 3 of those dealerships are among the top selling dealerships in the country.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • zoombie99zoombie99 Posts: 124
    :( I posted this on another forum yesterday but I thought I should post it here also:

    I was playing around with lease calculators today inserting various numbers for a premium edition and a luxury model. The residual is a few points lower for the luxury edition. I am looking at a three year 15k lease. My conclusion is that there is about a $100.00 difference per month for the luxury model. Over 36 months it is $3,600 so you are practically paying 90 percent of the option costs. In other words, the difference between the MSRP may be around 4k, the residuals difference is less than 1k.
  • msfrodmsfrod Posts: 1
    Great deal. Which dealer did you deal with? I'm in South Florida and some dealerships are playing hardball.
  • abacomikeabacomike South FloridaPosts: 3,514
    I'm in South Florida which dealer did you go to

    First of all there is $1500 conquest available if you have a competing car like a Cadillac, Mercedes, BMW, etc. I went to Lexus of Pemboke Pines. Their deal was far superior to any other dealer in South Florida.

    See Yucel Genc, my salesperson and tell him Mike from Coconut Creek sent you in. They have a nice inventory and their service is exceptional. I drive 55 miles round trip to get that deal. The largest Lexus dealer in the country in Margate, 1 mile away couldn't come close to the deal I got.

    Definitely worth the extra miles when you can save a bunch of money. And they are not as snooty as the Margate dealership, which shall remain nameless.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • abacomikeabacomike South FloridaPosts: 3,514
    I drove the Audi A6 and felt cramped

    Interesting, as I too am 6'2" and felt squeezed in when I test drove the A6, the Jaguar XF and most other cars in this Luxury Sport group. Then I drove the new GS350 and it was so comfortable I was truly amazed.

    I test drove both the base and the sport model but found the Sport's interior too metallic - no wood on the console or trim areas, just grooved aluminum - no my preference in a sport luxury car. So I settled for the base car which has YHE adaptive ride function with the luxury package - econo, sport and S+. in S+ mode, the steering and suspension stiffen significantly as does the gear shifts.

    This new GS350 is very technologically advanced and I am still figuring out the various settings and screens. Used NAV yesterday for the first time and it was far superior to Mercedes, BMW and Audi. Easier to set using voice recognition. Voice is consistent in audio, NAV, phone and all other APPS with Lexus Enform. Blind spot monitor is terrific and the heads up display is phenomenal as it shows NAV route instructions with arrows.

    Car is 2" longer than the previous GS and it was used to increase front leg room. Also 2" higher for taller drivers.

    Great car - and the new technology and body styling will be expanded to the entire line starting with this new GS350.

    Definitely worth a second look.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • kapkanimdkapkanimd Posts: 64
    Does anyone know the May lease residuals and MF for the GS 350? Loooking at getting a Luxury package one for a decent price. 36 mo 10k miles. Thanks in advance.

    Keith
  • abacomikeabacomike South FloridaPosts: 3,514
    Read my post in the GS350 forum about tire problems on the new 2013 GS350. Make sure before you get one that you make sure there is no vibration in the steering wheel when the tires are cold!!!

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • zoombie99zoombie99 Posts: 124
    Aba, while I had those problems with my 2006 GS, very few people are reporting tire issues on the 4th Generation. There has been an AC issue which I believe has been fixed and some others have reported rattles.
  • kapkanimdkapkanimd Posts: 64
    One last attempt. Trying to finalize a deal on this car before end of month. Does anyone know the 36mo 10k mi residual for the GS 350. I under the impression it was 62% for 15kmi and dropping it to 10k mi it becomes 65%. The dealer is telling me it is 62% for 10k mi. I just want to make sure they are not lying to me. Thanks in advance.
  • zoombie99zoombie99 Posts: 124
    It is my understanding the residuals dropped this month by 1% and there is a different residual for a base model vs a luxury model. What model are you looking at? have you agreed to a price?
  • zoombie99zoombie99 Posts: 124
    edited May 2012
    I think it ia 59% for a luxury at 15K. Of you get the premium model, it would be 62% for 15k. If you look at the numbers, you are paying about for about 90% of the additional options in the luxury model during the lease term. Therefore, your payment will be about 100 less if you drop to a prem. model.
  • kapkanimdkapkanimd Posts: 64
    Thanks for the help, yeah we are looking at the luxury with 10k miles. Was just a little weird that there is different residuals for different option. Thanks though.
  • abacomikeabacomike South FloridaPosts: 3,514
    Some others have reported rattles

    The dealer is taking my car in tomorrow for vibration in the steering, wind noise by the driver's side window, and rattles in the dashboard. They said they expect the car to be laid up for at least a week.

    Thanks for your feedback. Much appreciated!

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • zoombie99zoombie99 Posts: 124
    The wind noise may be related to the side view mirror according to others. As far as the vibration, see if you can get the dealer to switch to Mich tires.
  • kapkanimdkapkanimd Posts: 64
    Just as an update, we went ahead and closed on a GS 350 yesterday. We just went with the premium cause the better residual and is decently equiped already. Here is the deal:

    2013 Lexus GS350 Deep Sea Mica/Light Grey
    Premium +, 18" wheels, Trunck accesories
    MSRP 53245
    DISC - 3000
    REBATE - 1500
    SALE 48745

    Trade equity - 5525 (were given the excellent trade value on kbb)

    Residual 65%
    MF .0019

    Payments with 7% tax $452/mo for 36 months with 10k mi. Includes 3yrs free maintenance.
    $1400 out of pocket includes 1st mo, and fees

    How does that look?? Does anyone know if Lexus does MSDs?
  • zoombie99zoombie99 Posts: 124
    edited May 2012
    I couldn't decide between the GS and the BMW 535 but I decided to get my fourth GS. I have owned each generation and I still have a 3rd (2006 GS) with over 140,000.00 milles.

    I am picking up the following car tomorrow:

    GS 350 AWD
    Nebula Grey with Black Int.

    Base $49,450.00
    Luxury Package with CWP $6,090.00
    Nav $1,735.00
    Parking Asst $500.00
    Remote Engine Start $499.00
    Blind Spot Monitor $500.00 (A MUST!)
    Accy Package $242.00
    TOTAL MSRP $59,891.00

    Price (for lease purposes) $56,192.00 (invoice)
    LESS
    Conquest of $1,500.00 (wife has a bimmer)
    Performance Drive credit $1,000.00

    15K a year lease

    Monthly payment $696.41 (used MSDs to get money factor down to .00128) and includes NJ tax. I am not paying anything down.

    :)
  • zoombie99zoombie99 Posts: 124
    edited May 2012
    Lexus does take MSDs in most states. I know you can't get MSD in New York State due to NY State Laws. MSDs are the way to go! The free maintenance is a great deal!
  • zoombie99zoombie99 Posts: 124
    I was able to get my money factor to .00118
  • abacomikeabacomike South FloridaPosts: 3,514
    wind noise may be related to the side view mirrors

    Yes, I believe that is the problem. I've heard quite a few complaints about that. Lexus said it was NORMAL! So they did nothing about it.

    As for the tires, the said the car drives as it was designed to drive. I offered them $500 to switch the tires, but they said no. So I will put Michelins on when these wear out - they usually only last 15K miles anyway. These are all season tires and since I live in southeast Florida, I'll get the pilot Super Sport summer tires. They warrant them for 30K miles. The vibration is only evident when tires are cold and only on newly resurfaced roads. The problem is insignificant so I'm not going to stress over it.

    Car runs great - far superior to my 2012 E350 and much quieter. Great car - my last Lexus was 12 years ago when I owned a 2001 GS300. NO COMPARISON WHATSOEVER! This is exactly what Lexus needed to do in order to increase interest in the GS line. Definitely worth a test drive for those looking at Audi, BMW 5 series and Mercedes E350 Sport.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • jg108jg108 Posts: 4
    Hi CarMan. Do you have the June residual and money factor on a luxury pkg. GS350 36 mo, 15k miles/yr lease? Will Lexus be continuing the $1500 Conquest Cash Program? Thanks.
  • rickwellrickwell Posts: 15
    I was informed by the sales manager at Lexus today of a new 24-month lease program that was..."TOO GOOD TO BE TRUE!" I was on my way to negotiate a lease on a BMW 3-series and turned around and went straight to my Lexus store to commit to the deal.

    Here's the numbers:

    MSRP = $ 52,517.00
    DISC = $ 4,610.00
    CONQ = $ 1,500.00
    NET CAP= $ 46,407.00

    24/10k @ $399/month + tax + $1,995 + Normal inceptions. We rolled the $1,995 Cap Cost into the lease and will apply MSD x 9 (.00072) reduction in the MF .00190 to 0.00118. The MSD = $4,050.00 so total OOP = $5,550.00. Local Sales taxes @ 6.0% yield a tax-in monthly payment of $450.00.

    According to my salesperson, this is a rare and best lease program Lexus has offered since 2008. Personally, having been leasing vehicles for 29 years, I can't remember seeing a better lease program for a high-line model.
  • rx5zigenrx5zigen Posts: 5
    If you don't mind what state or area dealer. Thank You.
This discussion has been closed.