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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • This is an interesting one for me:

    First, here is what I have on the table (let me know if this is worthy):

    2013 GSF loaded w/o Levitson: $MSRP of $59,442

    Worked purchase price down to $56,942, including conquest.
    MF at .00155/ $2000 cap reduction = $721.74/mo 36 mo at 15K a year. ($4,076 out of pocket inc fees, tax)

    Is this a good deal?

    Here is 2nd issue - I submitted the credit app at 8:15pm to dealer, but Sept incentives were only good through 8pm, so now the deal is waiting on October Incentives, which could be worse.....anyone know October numbers yet?

    SC
  • riloh05riloh05 Posts: 15
    GS350 F-Sport
    $799 48 months 10k miles.
    zero down
    $56,538 MSRP
    $4500 discount-3k discount,$1500 conquest.
    Residual-$27,703.62
    Money Factor- .00185

    Shouldn't I be at invoice, then minus discounts? Thanks.
  • Riloh05,

    You can definitely do better. While I don't know this month's MF, this is the deal I got or my wife back in August on an F-SPORT:

    MSRP = $58,321
    Sale = $54,126
    Money Factor = 0.00145
    Residual = 59%
    Total Drive Off = $500.00 + Remote Start Included
    36/mo & 12k mi
    Monthly = $744.00 (includes tax)
    Starfire Pearl/Black

    This is good deal, not a great one. But at least you have a base to start from.

    //J
  • riloh05riloh05 Posts: 15
    I left out a big chunk... I am rolling in about $5500 of negative equity.
  • insidecarbuyinsidecarbuy NYCPosts: 95
    I just helped a friend get this deal on a 2013 Lexus GS350AWD. The MSRP is $55,907 and selling price of $49,400 after $1,500 conquest rebate. I contacted 13 different dealers before securing this price… here are the details below.

    Monday, October 08, 2012 10:16:47 AM
    CUSTOMER DISCLOSURE
    Customer Name: Inside Car Buying LLC WD Deal ID: 43152
    Sale Vehicle: New 2013 LEXUS GS 350 9306 4dr Sdn AWD w/AC , Automatic , Odom: 0
    Payment Details
    Term 27
    Base Payment 517.42
    Total Payment 517.42
    Purchase Option 39,134.90
    MSRP 55,907.00
    Est. Miles Per Year 12,000
    Excess Mileage Charge 0.25
    Amount Due at Signing
    1st Month Payment 517.42
    Acquisition Fee 700.00
    Fees & Insurance 232.50
    Upfront Taxes 1,087.47
    Total Inception Fees 2,537.39
    Total Cash Required on Delivery 2,537.39
    Tax Information
    Customer State: New York Customer County: WESTCHESTER
    Type Amount Rate Paid
    Cashdown Tax 57.16 7.3750 Upfront
    Upfront Tax 1,030.31 7.3750 Upfront
    Fee Information
    Description Amount Paid
    Reg 135.00 Upfront
    Insp 10.00 Upfront
    Title 12.50 Upfront
    DocFee 75.00 Upfront
  • tdroeschtdroesch Posts: 5
    edited October 2012
    Just checking in again to see if anyone can help me to determine how the dealer sets the multiple security deposit amounts...is each deposit equal to one month's lease payment or is there some other calculation?

    Also, does anyone know the October MF and residual for a GS350 F-sport rear wheel drive (loaded) on a 3 year lease with 15k/year?

    Thanks!!
  • Tdroesch,

    Each multiple security deposit (MSD) you put down, your money factor goes down by 0.0001 (or 0.0001 x 2400 = 0.24%). This means your monthly payment will decrease and you get your security deposit back at the end of your lease.

    You can read more about MSD here - http://bit.ly/RmU2CH

    I can't find current month lease rates on Google, but you can email a few dealers in (or out of) your area to see if they provide the same residual and money factor.

    Best,

    //J
  • Carman - can you please provide the October residual and money factor for the GS350AWD FSPORT? Need 36 month, 12,000 miles. Is the FSPORT residual different than an AWD car without the FSPORT? If so, please provide.

    Also, if I already lease a Lexus and a BWM, is there $3,000 in cash available, instead of just the $1,500?

    Finally, are dealers typically doing invoice deals on these cars, and then subtracting the "conquest" cash?

    Thanks and advise.

    Regards

    Armitagemike
  • To lease it:
    27 months 10,000 mi/yr
    MSRP $57,660
    Sale price: $51,303
    Rebate: $1500
    Down Payment (including 1st month payment): $3500
    Residual $39,174
    Monthly Payment $457.48

    Don't know if this was a good deal but the drive off, monthly payment and 27 month term fit for me so I took it.
  • Here you go Armitagemike. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 AWD F-Sport with 12,000 miles per year are .00095 and 59% for consumers who qualify for its top aka Tier 1+ credit tier.

    The numbers for the 2013 GS 350 AWD non F-Sport are .00145 and 62%.

    There is a $1,500 cash incentive on leases of this car to current owners and lessees of competitive models, but unfortunately you can't double up on it if you own two of them ;).

    I doubt that you'll be able to get this car for straight invoice minus the conquest cash, but you never know. You can always try. I think that $500 or more over is probably more likely.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man,

    What would the residual and money factor be on a 2013 GS 350 RWD F-Sport with 15,000 miles/year? Thanks!
  • I'm considering this gs 350 awd. The dealer quoted me a selling price of 55k and with zero down offered a 36 month lease for 789 with 22k miles. I smiled and told him to sharpen his pencil and i would give him another chance soon. I would pay 650 for this deal and the consider the 9 payment options to further reduce the deal. Am I crazy. There is a lot of fat built into his price
  • Hi romil01. Lexus Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 F-Sport with 15,000 miles per year are .00095 and 57% for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rbirns1rbirns1 Posts: 204
    What are the numbers for 36 month lease of GS350 AWD with 10k miles? What about RWD? Is there a great 24 month deal?
  • I couldn't consider leasing because living in San Diego and commuting 90 miles five days per week would certainly blow through the mileage. I've already got 5000 in three months time.
  • Car_Man,

    Do you know what would the residual and money factor be on a 2013 GS 350 AWD with 10,000 miles/year for 36 months starting in November?

    Also, I noticed that "December to Remember" includes complimentary 1st months payment (up to $850) on the lease of a new GS350 AWD. Can this be used in addition to the $1500 Luxury Owner Reward for owners of competitive brands? Thanks!
  • Considering the following and seek your advice:

    36 mos lease
    12k/yr
    Lexus GS 350 F Sport
    MRSP: $56k
    No $ down towards cap cost reduction
    1st month and inceptions only
    Monthly is $620 tax incl
    Lexus will pay the 1st month

    Is this a bad deal?
    Any advice greatly appreciated.
  • valueguyvalueguy Posts: 208
    edited November 2012
    Yes, this is a great deal. I want your same deal and will try hard to get it.
    It looks like your purchase price on this GS350 with MSRP of $56,220 is around $49,700-$49,900. That is a good price.

    It would help knowing your lease tax rate then we can narrow down your cost on the car even more.

    I plan on extra security deposits (4-5) and an out the door payment of $600 or less per month for 15,000 miles per year/36 months.
  • Car_Man,

    What would the residual and money factor be on a base 2013 GS 350 RWD with 15,000 miles/year, 36-months? Thanks!
  • Actually been shopping this more - now reduced to $590 tax incl per month
    not sure if this is the floor -
    fyi dealers seem very aggressive...
This discussion has been closed.