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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • Hello there, I was wondering what the residual value and money factor are for a 2007 GS 350, without navigation, 10k miles per year. Thank you.
  • Hey DjDez I know for a fact the 48 month money factor on a 06 GS 300 is.00067, Tier 1 Plus credit, a FICO score over 730. You can always call a few dealers and just ask them. Sometimes they'll say its a bit higher, trying to cushion them selves more profit. For example, I called a few dealers and I was quoted a money factor from .00099 down to .00067. I don't know the 36 month though. I am still deciding myself whether now is the time to pull the trigger or not. GOOD LUCK!
  • Here you go, Mike. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 2WD with 12,000 miles per year are .00275 and 53%, respectively for consumers who qualify for its "Tier 1+" credit tier.

    Car_man
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  • Greetings lexus350. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • What you were told iss correct, hellgeth. Lexus is still providing a special lease money factor of .00067 on the 2006 GS 300 for consumers who qualify for its "Tier 1+" credit tier this month. I believe that its "Tier 1" factor is .00010 higher. I'm not sure what its special money factors are for other credit tiers. The fact that you are trading in a vehicle that you have negative equity in will not have any impact upon your car's money factor. It will increase its capitalized cost, and in turn its monthly payment though. The following article describes the formula that is used to calculate lease payments in great detail: Calculate Your Own Lease Payment. You may be able to get an idea of how much you should pay for this car right now by visiting the following discussion: "Lexus GS: Prices Paid & Buying Experiences".

    Car_man
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  • Here's the information that you're looking for, djdez. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 GS 300 with 12,000 miles per year are .00067 and 50%, respectively. I believe that this is the same exact money factor that was available on this car last month.

    Car_man
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  • Hi leland1. This car's lease program varies depending upon how long you lease it for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 with 12,000 miles per year are .00275 and 60%, respectively. I am not sure if LFS offers leases with only 10,000 miles per year, but if it does its residual value for leases with that mileage allowance would likely be 1% higher than its 12,000 mile per year residual values.

    Car_man
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  • djdezdjdez Posts: 75
    Thanks Car_man !!!

    Do you know if there are any special rates on a 24 month lease for the remaining '06 GS300's ?

    What might the money factor and residual be on a 24 month lease with 12000 miles .. is there even a good deal available ?

    Thanks again !
  • Car Man - Compared GS350 residuals to BMW530i, MB E350 and Infiniti M class + they their respective companies are offering MUCH better residuals. Any reason as I thought Lexus would hold up in residual value about the same but apparantly not.
  • Hello Car_Man,

    Do you know what are the values for Lease money factor and residual value on LS350 2007 model?
  • I am in the market for my first LEASE program and wanted to make sure I make all the right moves. The car I Am interested in is the LEXUS GS350 with navigational features.

    Since I know nothing about dealing with scummy salesmen, I wanted to make sure I have all my ducks lines up. My questions to you is how do I know what a good deal vs a poor deal is? What should I look out for? Also regarding how much to put down, do you always have to put 2-5k down on a three year? I am very confused with all this information and was hoping you could shed some light on the situation. I want to be in the 600-800/m category. But I don’t know to figure it all out and what to base things on. Can I talk down the selling MSRP of the car to lower my payments? What is the best way to negotiate a deal so it works in my favor since I am indeed the buyer J Thanks a lot for your help I hope you get this message and can shed some light. I appreciate your assistance. Thanks

    PS below is what I want to get.. What should I expect to pay on something like this ?? THANKS


    Base MSRP*

    $44,150.00

    • Standard Features



    Available Packages

    $4,132.00

    •
    18-in summer tires with spare with Additional Options

    -
    18-in summer tires with spare




    -
    Lexus voice-activated DVD Navigation System with backup camera




    -
    Rain-sensing variable intermittent windshield wipers with mist control, headlamp washers and Adaptive Front Lighting System (AFS)




    -
    Ventilated front seats




    -
    Rear spoiler




    -
    Power rear-window sunshade




    -
    Preferred Accessory Package (includes Cargo net, Trunk mat and Wheel locks)







    Accessory Options

    $0.00

    •
    18-in summer tires with spare[12]

    Included

    •
    Rain-sensing variable intermittent windshield wipers with mist control, headlamp washers and Adaptive Front Lighting System (AFS)

    Included

    •
    Ventilated front seats

    Included

    •
    Rear spoiler

    Included

    •
    Power rear-window sunshade

    Included

    •
    18-in G-Spider alloy wheels[12]

    (see dealer)

    •
    Preferred Accessory Package (includes Cargo net, Trunk mat and Wheel locks)

    Included





    Delivery, Processing & Handling Fee†

    $715.00



    Total MSRP**

    $48,997.
  • mousiemousie Posts: 6
    Can you tell me if this is a good deal....

    2007 GS350 not awd

    Nav, 18" wheels, spoiler, sunshade, rain sensing wipers, ventilated seats, wheel locks, mats

    sticker: 48977 cap cost 45500 residual 19370

    47 month lease $743 + tax. 17K miles per year (yes, I need that many miles). Los Angeles area.

    Is this good?
  • If you are so inclined, you can figure out much of this yourself. Try the Roadfly leasing forum and you'll find the Lexus residuals and mf for Oct. Then go to a good lease calculator (like at leasingguide.com) plug in the numbers and you'll know for yourself. The key numbers you'll need to know are the MSRP for the car you want and the Cap Cost (what the dealer will really "sell" the car to you for. From my experience, dealers often mark up the mf and try to not reduce the cap cost too much. Or, they'll tell you they can't provide those numbers. If they don't, watch your wallet.
  • No problem, djdez. Unfortunately, Lexus is no longer providing lease support on 2006 models. It is however providing $2,000 dealer cash on leftover 2006 GS 300s. If you really want to lease one, you can use this cash to help you negotiate an attractive capitalized cost and then lease one through Lexus Financial using its standard lease program. Its current buy rate lease money factor and residual value for a 24 month lease of a 2006 GS 300 with 12,000 miles per year are .00275 and 53%, respectively.

    Car_man
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  • Hey wantabentley. This is probably because BMW and Mercedes-Benz are likely artificially inflating the residual values of the 5-Series and E-Class (they'll deny it until they are blue in the face but they do provide residual value support on certain models), but Lexus does not currently feel the need to provide any artificially inflated residuals on the new GS 350.

    Car_man
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  • Hi ashleaselexus. Since this is the GS discussion, I assume that you mean the GS 350. This car's lease program varies depending upon how long you lease it for and its mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 with 15,000 miles per year are .00275 and 51%, respectively.

    Car_man
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  • Hi randomact. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. The short version of what these articles contains is that to get a good deal on a lease you need to negotiate as low a selling price as possible on the vehicle that you want and then have the dealer that you are working with use its buy rate lease money factor to calculate its monthly payment. You may be able to get an idea of what sort of price you should pay for this car by visiting the following discussion: "Lexus GS: Prices Paid & Buying Experiences". Lexus is not currently providing any sort of lease support on the 2007 GS 350. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease money factor. Its standard factor varies slightly by region, but it should be around .00275 for consumers who qualify for its top credit tier and pay a security deposit at lease signing. This pretty much sums it up, but let me know if you have any other questions.

    Car_man
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  • Mousie, The car that you described has a spread of around $6,000 between its full MSRP and dealer invoice price. You were quoted a discount of just under $3,500 on it, which isn't bad for a new model. Make sure to stop by the following discussion to see if any other community members have purchased similar cars lately: "Lexus GS: Prices Paid & Buying Experiences". Also, make sure that the dealer that you are working with uses Lexus Financial Services' current buy rate lease money factor to calculate your car's monthly payment. It is currently around .00275 for consumers who qualify for its Tier 1+ credit tier.

    Car_man
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  • Can anyone give me an indication of how good the "December to Remember" sales really are?

    I am close to leasing a GS350AWD but would like the Mark Levinson version. This is about $60 more per month (36 month lease).

    Is it possible that the sale in December lower my lease payment by $60 per month? or is that asking too much?

    If not, I may just move forward and lease a non-ML one right now.

    Thanks for your input,
    Dave
  • I am looking at a 2007 Lexus GS 350 in the Dallas area. I was wondering if anyone knows what the current residual value and money factor are for a 2007 GS 350, 15k miles per year (36, 42 and 48 months). Thank you.
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