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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mrtrance. In most areas, Lexus Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 RWD with 10,000 miles per year are .00120 and 53%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier. Lexus' money factor for this car has been enhanced in some areas. If you tell me where you are, I can tell you if you are in an area that has a better program than this.

    As far as what sort of discount you can expect goes, I am not personally all that familiar with what the market is like for the 2010 GS right now but it I was interested in getting one I personally would shoot for a selling price of $500 to $1,000 over dealer invoice and see what happens.

    Car_man
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  • mrtrancemrtrance Posts: 89
    Thanks Carman.

    I'm in Southern California market. One dealer I got numbers from did give me the MFas being 0.00120, but did not disclose the residual value. I was under the impression it was 55%, but guess they lowered the MF and decresed the residual by 2% this month.

    If there is a deal in my area please let me know.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No problem mrtrance. You're in luck, in the Los Angeles area Lexus has an enhanced money factor of .00085 on all 2010 GS models right now.

    Yes, LFS' residual values on the GS did drop by 2% this month.

    Car_man
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  • mrtrancemrtrance Posts: 89
    edited July 2010
    Do you know if that is only valid in a Los Angeles county or all of Southern California? I just got a rate quote from a San Diego county dealer and he's quoting 0.00170 has the base rate and doesn't see the 0.00085 rate. He even checked with Lexus Financial and they told him the same? I think the dealer in Orange County was using the same 0.00085 rate as well. Is this rate only for previous Lexus customers (which I am currently) or for all customers in the area?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mrtrance. I don't believe that the enhanced rate is available in all of Southern California, just the local Los Angeles area. It should be for all consumers, regardless of whether they are current Lexus owners or not.

    Car_man
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  • Trying to compare a 15k per year lease for 24 months and 36 months for a GS350 AWD and a M37X

    Need money factor and residuals.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello spsviggen99. Lexus Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2010 GS 350 AWD with 15,000 miles per year are .00120 and 58%, respectively in most areas (it is enhanced in a few small ones).

    The numbers for an otherwise identical 36 month lease are .00120 and 50%.

    To give you the numbers for comparison all in one spot, Infiniti Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 M37X with 15,000 miles per year are .00130 and 56%.

    Infiniti is not currently providing support on 24 month leases.

    Car_man
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  • 350chuck350chuck Posts: 3
    edited August 2010
    My 07' 350GS lease is coming due Sept. 31st. and I would like to lease another GS. My loan is with LFS and I Iive in south Florida.. I have a few questions on what I should do.

    1) Should I lease a 10' 350GS or should I wait and lease the 11'?

    2)Are the Aug LFS buy rate,money factor,residual for a GS350 RWD the same as the GS350 AWD in the above mentioned post?

    3)Are there any lease rates out yet on the 11' GS?

    4)Or should I extend my current lease another five months and wait in hopes having the all new 12' out by Jan or Feb.?

    Any thouhgts or ideas would be greatly appreciated!
    Thanks!
    Charlie
  • BushwackBushwack Posts: 258
    I don't think there will be much a difference between the '10 and '11 GS. The '12 GS with a new design is due out next March (preview is suppose to occur in October/November).

    Maybe...maybe think about extending your current lease with Lexus Financial for another 6 months (if you're interested in leasing the '12 model). Otherwise, I think *I* would lease a 2010 before Sept. 7. Rates are just too good to ignore.

    FYI...usually, RWD and AWD have different money factors. In Florida (I'm in California), not sure why you would need AWD.

    Good luck!
  • Thanks Bushwack..
    You are correct I dont need AWD in Florida...Im trying to figure out somewhat what my monthly lease pmt will be...and I didnt know if the AWD RWD had the same MF. On the other hand I can purchase my gs out right for $24,125 at the end of the lease, which I think is actually not a bad price.
    I spoke with a friend of mine this afternoon who has an auto auction licsense and he gave me the following prices paid at auction in south Florida for a 2007 gs350 two weeks ago with similar mileage and they were $23K, $23,600, $24,800 and $23,575 respectively. He also sent me a report showing the average paid at auction in the South East Region for last week...23 were sold with an average of 43,000 miles at an average price of $24,501. So I feel my buy out price at lease end is not too bad.
    Thanks for the repsonse and ideas!
  • CarMan -- you've helped me with the last several purchases.
    I considered a 2011 528i but read in forums of problems; one forum member returned the car. Plus, BMW MF is high, and dealers still wanted $2k above invoice.
    So, I consider 2011 Lexus GS 350, though I'd have to pay annually for saellite for for real traffic, pay for maintenace., and mpg is way inferior to BMW, so the price break on Lexus is quite as good as I thought.
    My question to you -- what are MF for this Lexus for 2 or 3 yr leases for 12K, 15K miles annually?
    Given bad press for Toyota with all the recalls, how can get get much over invoice?
  • Car Man
    You mentioned in earlier pos t possibly different MF for Los Angeles...
    is it buying it from an L.A. dealer ,or living in L.A., or inL.A. County?
    I'm in unincorporated L.A. County, but could easily buy from a dealer in L.A. City.
    Do I need to know the residual?
    Finally, you advised twice in the past -- and I paid BMW refundable security deposit and lowered MF. Does Lexus do that?
  • Hi Charlie. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 RWD with 15,000 miles per year are .00120 and 49% in your area.

    The numbers for an otherwise identical 2011 model are .00205 and 53%.

    I'm sure that it will be cheaper to lease a 2010 GS now than it will be to wait and lease an all-new 2012 model when it is first available. Whether you should wait depends upon how badly you want the redesigned model and how much more you are willing to pay for it.

    Car_man
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  • Welcome back asteinberg. I'd be happy to help you out.

    Lexus Financial Services' September buy rate lease money factor and residual value for a 24 month lease of a 2011 GS 350 RWD with 15,000 miles per year are .00205 and 60%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    The numbers for an otherwise identical 36 month lease are .00205 and 53%.

    If you were to lease this car with only 12,000 miles per year, its residua values would be 2% higher.

    I am not intimately familiar with how much consumers are paying for this car right now, but for an '11 model I personally would shoot for $500 to $1,000 over invoice.

    Car_man
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  • Hi asteinberg. You're in luck, Lexus has enhanced lease program for the 2010 GS 350 RWD for its entire Western region in September, not just LA.

    LFS' September buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 RWD with 15,000 miles per year in its Western region are .00080 and 49%, respectively for consumers who qualify for its top credit tier.

    The last time I checked, Lexus Financial Services' did allow consumers to make multiple security deposits on vehicles. Again, I haven't looked into this in a while but the last time I did it allowed consumers to make up to nine additional deposits, with each one providing a .00010 money factor reduction.

    Car_man
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  • gb350gb350 Posts: 14
    Car_man,

    Would you be so kind to provide me with the residual and money factors for a '11 GS460. Terms to be both 12k for 36 months. and 15K for 36 months.

    I'm located in NY.

    Thank you.
  • I'd be happy to, gb350.

    Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 GS 460 with 15,000 miles per year are .00205 and 51%, respectively for consumers who qualify for its top aka "Tier 1+" 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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  • cws35cws35 Posts: 1
    Car Man (or anyone else!)

    I am looking to snag a 2010 GS350 AWD with Package 1 this month. 3yr/10K lease.

    Dealer is quoting me a Lexus program that offers 2500-3000 incentive and is offering the car at invoice.

    Do you have information on special money factor and residual? He quoted me .00210 with 53% but the MF seems high to me. Thoughts?

    Thanks a million
  • Hello, we just received a call from Lexus about our lease ending in 5 months & offered to delete the remaining months as long as we lease another Lexus. We realize now, we coudl have gotten a bter deal on our 2008 ES - all options but the Mark Levinson stereo, we pay $550 month inc tax for 36 mo/15k miles and I think we put $3,700 out of pocket. I do not want to pay a penny more for my new lease and want the GS 350 rwd with package B, online quote shows $51,689. What's the best deal to ask for?
  • Hi cws35. Dealer invoice minus the $3,000 dealer cash that is currently available on this car is an excellent deal.

    Lexus pulled the plug on its lease money factor support for most 2010 models so the .00210 money factor (and residual value) that you were quoted are right on the money.

    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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This discussion has been closed.