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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • zoombie99zoombie99 Posts: 124
    Your deal appears to be less than invoice which is great. Can you tell us exactly which model (sports, prem, RW or AWD) and each option to get to the MSRP of 52,517.00? Also, what state are you from? Is you roll in the Cap Cost of 1,995.00, didn't that increase your payment to over $83.00 a month before applying the money factor?

    Thanks.
  • sherlock7sherlock7 Posts: 1
    looking to buy a GS 350, where did you get such a good deal. Our local dealer is not coming off sticker!
    It looks like you got 4500 off sticker? would buy today if I got that deal :)
  • rickwellrickwell Posts: 15
    It's a GS350 Premium/Nav RWD. You should never "Cap Cost" any lease so we rolled the $1995 ($83/month) into the base price @ $482.13/24 + tax + inceptions. Use MSD x 9 to lower the MF to .00118 resulting in a savings of about $66 / month on the lease. The dealer is located in SE Florida.
  • rickwellrickwell Posts: 15
    SE Florida
  • kapkanimdkapkanimd Posts: 68
    Apparently someone else got an even better deal, It was in one of these forums. and they apparently have a good 24mo lease special going on this month. I got mine in Tampa, FL.
  • zoombie99zoombie99 Posts: 124
    I'm missing something because I only some up with a MSRP of 50,910.00 on your build.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello Keith. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 GS 350 RWD with 10,000 miles per year are .00190 and 65%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go jg108. Lexus Financial Services' June buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 RWD with 15,000 miles per year are .00190 and 62%, respectively for consumers who qualify for its top aka "Tier 1+ credit tier.

    Yes, the $1,500 is still available in June.

    Car_man
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  • whipplewhipple Posts: 2
    Thanks does anyone know info on this 24 month lease deal? What are residual and money factor?
  • rickwellrickwell Posts: 15
    I have been told that they are utilizing a 75% residual and a MF of .00190. You can use MSD to buy the MF down to .00118. Additionally, the Conquest Cash of $1,500 is still available.
  • whipplewhipple Posts: 2
    Thanks is that for 15,000 miles or 10,000?
  • rickwellrickwell Posts: 15
    24 months / 10,000 miles
  • baloo588baloo588 Posts: 5
    Hello,

    I have a 2013 Lexus GS F-Sport and I had the junk Bridgestone Turanza El400-02 tires. Such terrible tires. Vibrated every morning for few miles till warmed up and even still vibrated to a lesser degree in the seats on the smoothest blacktop due to the stiiffer sidewalls to compensate for the F-Sport version. They are cheap tires and should of never been placed on this car of this kind of caliber. The handling was sharp and accurate as compared to my 2011 BMW 5 that I traded in but ride was a bit stiff but a lot better than the BMW 5 runflats. Still I switched out to decent all season Michelin Primacy MXM4 tires and I am so glad I made the right choice! The F-Sport feels smoother, quieter, more stable on rougher highways and gives me the best all around driving experience without sacrificing too much in one area. I highly recommend you to switch out to the Michelins soon and sell those standard tires you have (bridgestones or dunlops) if you own the car or keep them until lease end to put them back on for return purposes (to avoid wear charge of your Michelins). That way you are not ruining the experience of this amazing car. I love it more than my 2011 BMW 5! And that is a big leap for Lexus!
  • abacomikeabacomike South FloridaPosts: 4,062
    They are cheap tires and should never have been placed on a…

    Yes, they are cheap tires, and do not perform well at all! My dealer finally got the balancing problem corrected! It took them three successive trials before they got it right.

    I expect to replace these tires at 15,000 miles with Michelin's. I own the car so I don't see an immediate need to replace these Dunlops unless they give me problems in the future.

    Except for the tires and the balancing problems I had, I really love this car. I find it handles much better than my 2012 Mercedes E350 sport. I bought it loaded with almost every option available. The NAV, Levinson Audio System, Blindspot monitor, heads-up display and Luxury Package make the car in want of absolutely nothing. I got the Flaxen perforated leather interior which is really sharp looking. Stupendous vehicle.

    2015 Mercedes Benz E400

  • bzimpfbzimpf Posts: 2
    Car man-

    Have a quote from dealer - selling price 53771 | acq = 700 | 9 MSDs | MF = .00118

    Could you confirm residual % for 24/12k & 36/12k for a GS F-Sport?

    Dealer shows 71% and 61%

    And -

    Can anyone confirm that Conquest cash cannot come off selling price? (Dealer says it has to come off cash on delivery)

    Should my trade-in balance go towards cap cost reduction? - would think that should go against cash required on delivery too. Zero out of pocket is the goal yes?

    Thought cap cost reductions were not the way to go.

    Thanks in advance
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey whipple. Lexus Financial Services' June buy rate lease money factor and residual value for a 24-month lease of a 2013 GS 350 RWD with 15,000 miles per year are .00190 and 72%, respectively for consumers who qualify for its top aka "Tier 1+ credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bzimpf. The money factor and residual values that you were quoted are correct.

    I don't see why the conquest cash couldn't be taken off of the car's selling price, but there's nothing wrong with deducting it from the amount that's due at lease signing.

    You definitely don't want to use any equity that you have in your trade as a capitalized cost reduction. It's much safer to go with zero down lease. Have the dealer cut you a check for your equity instead.

    Car_man
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  • abacomikeabacomike South FloridaPosts: 4,062
    conquest cash off the bottom, not the selling price

    That is correct. When I got my GS350 on April 30th, the $1500 came off on the bottom line as cash down (I bought my car and financed $15,000 with Lexus Financial Services which is a requirement for the conquest cash). They treated the conquest as cash back to the customer.

    I've got 1500 miles on the car and the ride and handling get better every day. I tried the Sport+ setting for stiffening up the suspension and steering as well as holding gears longer, and it definitely improves the car's responsiveness.

    Hope you enjoy your new GS!

    2015 Mercedes Benz E400

  • tdroeschtdroesch Posts: 5
    edited June 2012
    Hello All,

    So appreciative of this forum - really helpful to someone who has not leased before like myself. I am ready to pull the trigger on a 2013 GS350 F Sport RWD and would appreciate any advice available from the knowledge base here in the forum.

    My preference is for a 3 year lease with 15k/year on a Dark Gray/Black interior car. I have priced out what the estimated dealer invoice is for the following items:

    Base car: $43,617
    F-Sport w/cold weather: $6,130
    Premium package: $1,400
    Preferred Access. Package: $242
    Rear wheel steer: $1,700
    Mark Levinson Audio: $1,380
    Navigation system: $1,735

    Total purchase price with Regional Ad fees ($704) and destination ($875) is $56,707 (before tax & license). Estimated MSRP is $60,362.

    I would like to minimize my down payment and use MSD to lower money factor, as recommended by most in the forum. My trade-in is a 2007 Mercedes GL450 (Logic7 and NAV only real upgrades) with 76,000 miles owing about $25,500 on loan, so I am guessing that the conquest cash would be a possibility as additional cash down. I am also assuming that there is minimal equity in my trade, although it is very well maintained.

    My credit is only about 675, so I am curious if anyone can help to determine how that will effect the Money Factor, seeing that it is not Tier 1 credit. From the Lexus site, it looks like they add about 3 points to the interest rate. I have about $4,000 available now for all costs up-front, but can possibly stretch another $1,000 if needed.

    Does it look like I might be able to keep my payment around $700/month on this? Also, does anyone know yet the July MF or residual value estimates? Do you know where I would find out how much of an aquisition fee or disposition fee is charged? Is there an additional fee for $15k miles per year?

    Thanks in advance for anyone who can help or comment. I just want to be prepared when I walk in to make the deal and want to be comfortable walking away if the offer does not look right.

    Tom
  • zoombie99zoombie99 Posts: 124
    First of all, you should get $1,500.00 off because of Lexus conquest since you own the MB but no one knows if the program will continue in July. There will probably be a higher MF based on your credit. You need to find out the rate from multiple dealers since some dealers "add" on to the MF. The July money factor won't be known until July. Always have the dealer confirm the MF in writing. Also, you need to work on the price of the car since the lease payments will be based on same. Try to get invoice. Remember, typically better deals are had at the end of the month. Lastly, Lexus has run programs in December (December to Remember) and sometimes they have a program in August which may have a lower MF.

    You may be better off selling the MB privately.
  • tdroeschtdroesch Posts: 5
    Thanks Zoombie,

    Does anyone yet know what the money factor & residual value for July is and also, possibly, what kind of penalty in rate or MF that I should expect by having credit at around 675?

    Tom
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited July 2012
    Hi Tom. Lexus Financial Servies' June lease program is scheduled to run through July 9th. The new July numbers won't be out until some time on the 10th.

    A credit score of 675 puts you in LFS' Tier 2 credit tier. The money factors for that tier are typically .00045 higher than the best available aka Tier 1+ factors. The Tier 1+ factor for this car is currently .00190, so that would put your factor at around .00235.

    Car_man
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  • tdroeschtdroesch Posts: 5
    Thanks Car Man,

    Looking forward to hearing what those July numbers will be after the 10th.

    Regarding using MSD's to pay down the MF, do you know how I can determine in advance what an estimated MSD would be and how many I might need to pay to lower the MF to the minimum? I would like to anticipate how much cash I will need to maximize my deal when I walk in to the dealership.

    Also, when those MSD's are returned to you at the end of the lease, does the dealer just cut me a check for those funds (or allow me to roll it in to a new lease)? Seems like MSD's are a great tool to use when leasing.

    Happy 4th,

    Tom
  • audiobuffaudiobuff Posts: 9
    Hi Car Man,
    What is the money factor and residual for a 2013 GS350 RWD for 15K miles and 36mo.?
    If I use the maximum 9 MSD's, how much of a drop in the money factor is there?
    Thanks
  • Hope somebody can help.
    I am special ordering the above. The car comes to $61500 total MSRP. I'm looking to lease and the number my dealer (Phila-area) gave me were: $813.50 for 48 months.
    I do not have any other details (residuals, etc)...the number is just what I was told.
    Is this a good deal? Am I in the ballpark? :confuse:
    Any questions feel free to ask...
    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings audiobuff. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 RWD with 15,000 miles per year are .00190 and 61%, respectively for consumers who qualify for its Tier 1+ credit tier.

    The last I heard, each additional deposit lowers the money factor by .00008.

    Car_man
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  • boone23boone23 Posts: 3
    Hello Car Man,

    What is the money factor and residual for a 2013 GS350 RWD for 15K miles and 48mo.? Please also provide the numbers for the same vehicle and term but for 12K miles.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey boone23. Lexus Financial Services' August buy rate lease money factor and residual value for a 48-month lease of a 2013 GS350 RWD with 15,000 miles per year are .00190 and 50%, respectively for consumers who qualify for its Tier1+ credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
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  • boone23boone23 Posts: 3
    Thank you very much.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome boone23.

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