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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • emeka57emeka57 Posts: 1
    Hi - Can you tell us what the money factor is/was & residual value/percentage?
  • miniradminirad Posts: 5
    Car Man,

    Can you tell me the May MF, residual and incentives for the GS in South FL? 3 yr 36k and 3 yr 45k. Are they different for F-Sport? A local salesperson told me there's $2000 dealer cash through the end of May. What percentage off MSRP should I be shooting for?

    Minirad
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ydol. According to the latest information that I have seen, Ford Credit's May buy rate lease money factor and residual value for a 24-month lease of a 2013 GS 350 RWD with 10,000 miles per year are .00095 and 70% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00095 and 60%.

    Lexus is currently providing a decent $2,500 cash incentive on leases of this car right now. Make sure to take it into account when negotiating the capitalized cost for your lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dsmerc74. According to the latest information that I have seen, Lexus Financial Services' May buy rate lease money factor and residual value for a 27-month lease of a 2013 GS 350 F-Sport with 12,000 miles per year are .00095 and 66% for consumers who qualify for its top credit tier.

    When negotiating your deal, make sure to take advantage of the $2,500 cash incentive that is currently available on leases of this car.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi orion7701. Lexus Financial Services' May buy rate lease money factor and residual value for a 24-month lease of a 2013 GS350 F-Sport with 15,000 miles per year are .00095 and 67% for consumers who qualify for its top credit tier.

    The money factor for an otherwise identical 27-month lease would be the same, but I believe the residual value would be 3% or so lower.

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

    There is indeed a $2,500 cash incentive on leases of this car right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mlewis2. I haven't seen the specific lease program for your area this month, but I can tell you that if your credit is in good shape the money factor that you were quoted is definitely too high. At worst, the money factor for this car is probably around .00095 in your region right now...if not better. Make sure to try to get the dealer to lower the money factor on your deal.

    I don't personally know exactly how much dealers in your area are willing to discount the GS right now, but I can tell you that Lexus is currently providing a $2,500 cash incentive on leases of this car. If I was in the market for one, I personally would shoot for a selling price of around $500 to $1,000 over the dealer invoice price that is listed here at Edmunds.com minus the cash incentive. Here's a link to the pricing section of this site for your convenience: New Vehicle Pricing.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited May 2013
    Hey mlewis2. LFS' May buy rate lease money factor and residual value for a 36-month, 10k lease of this car should be at worst .00095 and 60% for top tier customers. There may even be a money factor enhancement in your area that makes it better than that.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Minirad. Let me preface this response with the statement that I have not seen the Lexus lease program for your specific area yet this month.

    Having said that, Lexus Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 GS350 with 15,000 miles per year are .00095 and 57% for consumers who qualify for its top credit tier.

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

    Lexus is providing a $2,500 cash incentive on leases of this car this month.

    As I said though, Toyota's distribution agreement in the Southeastern U.S. makes its programs a little different there.

    Car_man
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  • bdell17bdell17 Posts: 6
    Little Falls NJ

    GS 350 Premium: Navigation, 18 inch wheels, park assist, blind spot detection, cold weather pack, preferred assessories

    36 months, money rate .00095, 15k miles per year, residual 33,248

    -0- down just inception fees: $700 bank fee, $399 DMV, $369 dealer docs, $198 etch, $7.5 NJ tire tax, $7.70 online reg fee

    $699/month includes 7% NJ sales tax and 15k miles per year
  • cahnwancahnwan Posts: 2
    2013 GS 350 F-Sport: Navigation, RWD 19 inch wheels, park assist, blind spot detection, kick plate, preferred assessories, premium pkg, tint MSRP 57,313, selling at invoice 52,888 (?)

    36 months, 10k miles per year, residual 34,387

    One-payment lease at 16500 upon signing after 1000 conquest cash (infiniti owner), 2500 lease cash; average monthly payment = 16500/36 = 458.33 assuming no interest earned if sits in checking account.
  • kbest1kbest1 Posts: 5
    Hello,

    I am in Texas and was looking to lease new GS 350, can you please provide some information on current lease options and what should I be expecting payment wise. I am not looking for F sport model, just premium package which I believe MSRP around 52500.

    Thanks
  • beamer55beamer55 Posts: 12
    hi cahnwan - thats sounds pretty on point for a gs350 F - can you tell me which dealer or city? thanks!
  • cahnwancahnwan Posts: 2
    The dealer is Park Place Lexus in Grapevine, Texas. That said, I was told the promos (conquest and lease cash) expired May 31 (should have been 6/3?).

    On side note, I liked the F Sport's handling especially during cornering; it stayed on the ground with little body lean. But the car is also nosier and choppier than the GS 350 with Luxury pkg loaner I drove, especially on concrete pavement that is pervasive in my neighborhood. After driven it for one day, ~200 miles. I decided to switch, figuring I am not getting younger (I am 63); as much as I like the F Sport's capabilities and appearance, Luxury pkg would be more practical. Thus I asked Park Place what if I can switch to GS 350 Luxury. They offered to exchange to less MSRP/priced one for free if deal was made before 6/1, after which the 2500 cash lease incentive is no longer applicable. I picked a Fire Agate Pearl with Flaxen interior, Luxury Pkg, Park Assist, Blind Spot, preferred accessory, navigation, spoiler, free tint, MSRP 56993 (in contrast to the F Sport, which msrp was 57313) and did a even trade-in on 5/31. Picked it up on 6/1 and happy with my decision; as much as I miss the F Sport. Kyle, the internet sales manager, was very helpful.
  • kbest1kbest1 Posts: 5
    Car_man did i post my #685 incorrectly? no one is responding to me, not sure if i did it right. Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kbest1. Your post was just fine. Sometimes people reply to posts and sometimes they don't. I personally try to respond to every post that is personally addressed to me.

    The buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 with 15,000 miles per year are .00095 and 57% for consumers who qualify for its top credit tiers in most areas. This factor is enhanced to a better factor in certain areas, but I have not seen what it is specifically for Texas.

    Car_man
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  • kbest1kbest1 Posts: 5
    Thanks a lot car_man, i spoke with sales person yesterday and was quoted 569/27 months with 2995 total out of pocket on the car with msrp 53888. Is this a decent deal? Thanks
  • jadcamjadcam Posts: 5
    edited June 2013
    so thankful for all the posts here. I just picked up a 2013 Lexus GS 350 F Sport 9300C, 27 month lease in the Los Angeles area with the following:

    MSRP - $57950
    MF - .0005
    Residual - 68%
    Term - 27 months
    Miles - 12K
    Drive off - $1500 (including 1st month's payment)
    monthly - $480 + tax = $524/mo

    Thanks Car Man!
  • beamer55beamer55 Posts: 12
    Jadcam, that's an amazing deal - how'd you get to those numbers? Mine are starting the convo at 520 plus 1800 down for a 27.. With 10k!

    Also can you list the options you got from the window sticker that have a charge?

    Thanks mate and congrats on the new car!
  • jadcamjadcam Posts: 5
    MSRP 47250
    Blind Spot Monitor - $500
    F Sport Package - $5690
    Mark Levinson - $1380
    Navigation - $1735
    Park Assist - $500
    Delivery - $895
    Total - $57950

    The 9300 model that i have is RWD; not sure if that's the difference
  • jjskywlkerjjskywlker Posts: 3
    edited June 2013
    Can anyone else confirm if the June 2013 Money Factor for all GS350's (including the F-Sport) have changed from .00095 to .0005? Or does this vary by region? Am looking in Virginia.
  • dltldltl Posts: 5
    I'm looking to lease an AWD GS350 in CA. It seems like they're hard to come by because I've been having the hardest time finding one. Has any had a good experience leasing an AWD in CA? If so, would you mind sharing? Thanks.
  • sigvinsigvin Posts: 1
    Jadcam,
    Can you share dealer name and CA contact info?
    I am in LA and would love to take advantage of the same deal.
    Thx.
  • joegolfsjoegolfs Posts: 8
    edited June 2013
    Car Man
    Was hoping to get MF and Residual for GS=350 , 36 months , 18k per year in Massachusetts.

    thanks
  • kainnyckainnyc Posts: 76
    Rippppp off! Sorry
  • cvr787cvr787 Posts: 4
    I've been negotiating a lease and wonder if this is a good deal. It's for a 27 month lease with 12,000 miles per year. Money factor and residual are 0.001 and $39,911 (which is either 72% or 68% depending on whether its calculated on MSRP or the selling price, not sure)

    $58,617 MSRP

    $55,657 Selling price

    $3500 due at signing and $649.38 per month (includes tax)

    The car is equipped with F Sport package, HDD navigation, Mark Levinson, park assist, blind spot monitor. Color is nebula gray pearl with black F Sport leather.

    Is this a good deal? Any room for further negotiation?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome kbest1. What selling price is the dealer using to arrive at this payment?

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi joegolfs. Lexus Financial Services' June buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 with 15,000 miles per year in your area are .00095 and 57% for consumers who qualify for its Tier 1+ credit tier.

    If you need to drive more than 15,000 miles per year, you will probably have to purchase additional miles on a per-mile basis. It is usually less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
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  • cvr787cvr787 Posts: 4
    Hi all,

    I'm about to lease a 2013 GS350 F Sport, nebula gray and black leather. I was wondering if this is a good deal?

    Market Value 57,950.00

    Discount -4,343.10

    Selling price 53,606.90

    Doc fee 80.00

    Lic/Title 450.00

    Tire/VTR 8.75

    Acquisition fee 700.00

    Tax 308.7

    Total Cap 55,154.35

    Down/Cash 930.00

    Rebate 2,500.00

    Net cap 51,724.35

    Base payment 522.94

    Tax (9%) 47.06

    27 Month Payment 570.00

    Due on delivery 1,500 (includes 1st payment of 570.00)

    Rate 0.0005 (1.2%)

    Miles per year 12,000

    Residual 67%

    Residual amount 38,826.5

    The car is nebula gray with F Sport package, blind spot monitor, Mark Levinson, HDD navigation and park assist.

    Drive off is $1,500 and 26 payments of $570. The 5k, 10k, 15k and 20k maintenance included free of charge.

    Is this a good deal? I'm in Southern California
  • jadcamjadcam Posts: 5
    Woodland Hills Lexus.. ask for the internet sales manager
  • jadcamjadcam Posts: 5
    edited June 2013
    i got a similar deal for $1500 down (same color combo) for $528 (including tax). Maintenance was not included so that may be the difference?
This discussion has been closed.