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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • Hi Dave. I doubt that anyone, probably not even dealers, knows exactly how good Lexus' "December to Remember" sales event is going to be yet. I can almost guarantee you though that its soon to be announced new lease program for the 2007 GS 350 AWD will be more attractive than its current program for it. If I was in the market for this car, I definitely would not lease one until I found out what the "December to Remember" sales event is like. Lexus is not providing any lease support on this model now, so it's not like you're risking missing out on anything by waiting.

    Car_man
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  • Hi craigf14. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Lexus GS 350 2WD with 15,000 miles per year are .00275 and 51%, respectively. The numbers for an otherwise identical 39 month lease are .00275 and 48%. The numbers for an otherwise identical 48 month lease are .00275 and 42%. As I mentioned in my previous post, if I was in the market for a GS right now I definitely would wait until later this month to get one. Lexus will probably introduce its "December to Remember" sales event then.

    Car_man
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  • Car Man,
    I have been told by 2 dealers that the "December to Remember" has begun. Can you confirm this?
  • Hey Car man do you know if Lexus Financial Services offers any 24 or 27month leases. If they do can you tell me the residual and money factor for 12k a year.
  • I have been driving a 2006 BMW 530i for the past 18 months and am tired to taking it back to the dealer for repairs. I am thinking about the GS 350.

    Would appreciate any feedback.

    I live in Oklahoma City .....anyone have any experience buying in OKC and what I can expect to pay over invoice?

    How is their service department?

    Thanks
  • cwa318cwa318 Posts: 51
    Does anyone have the residual values and money factor for a new 2006 GS 430? Thanks
  • Car Man,
    was offered 1 Dec, gs350, rwd, 36 mo, 15k / yr, 51% resid with .00325 factor, in Houston. factor seems high for tier 1 credit - no security dep. can you advise Dec lease details for 36mo / 15K from LFS ?
  • Hi,

    Please advise latest money factor and res. % for a GS 350 w/ AWD for a 12,000 mile lease 36 months. Unless there is a sweet spot anywhere up to 48 months.

    Thanks

    According to Roadfly.com Dec. #'s for 12000 miles 36 months is 56% res. and .00201 MF. Does that concur with your #'s.

    Thanks
  • Yes, davieravie, the "December to Remember" sales event officially began on November 14th.

    Car_man
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  • Yes, kunalb, Lexus Financial Services does offer 24 month leases of vehicles. I haven't seen any info on 27 month leases through LFS through. If you were to lease a 2007 Lexus GS 350 2WD through it right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00225 and 59%, respectively for consumers who qualify for its Tier 1+ credit tier.

    Car_man
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  • Hi cwa318. 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 is no longer providing lease money factor support on 2006 models, but it does have $2,000 closeout dealer cash on the 2006 GS 430 right now. Make sure to take this cash into account when negotiating your car's capitalized cost. If you want to lease this car through Lexus Financial Services' right now, you will have to use its standard lease program. I believe that its buy rate standard money factor varies a little by region, but it should currently be around .00275 for consumers who qualify for its Tier 1+ credit tier. This car's 36 month, 15,000 mile per year residual value is currently 44%.

    Car_man
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  • Hi dano16. Is this for a 2007 model? The money factor that you were quoted is a little on the high side. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor for the 2007 GS 350 2WD is only .00225 for consumers who qualify for its Tier 1+. As you can see, this is a lit lower than the factor that you were quoted. It wouldn't hurt to shop around with another dealer or two to see what sort of money factor they quote you for this model.

    Car_man
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  • Here's the information that you're looking for, allagaroo. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 AWD with 12,000 miles per year are .00225 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. This car's money factor is the same for 39 and 48 month leases.

    Car_man
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  • Thanks car_man. Because the MF stays the same for 48 month leases and the residual drops to 45% it is the only LPS that has a very attractive 48 month lease. I don't know what the res. is for 39 months. If you are not tier 1 they are quoting .00235 MF. I like the car except for a hump on the inside of the center console that was rubbing against my leg????????

    J
  • jdl300jdl300 Posts: 11
    Our dealer added something called "First Payment Capitalized" to the gross cap cost

    We already paid the first payment when picking the car up and I wasn't there the other day when my partner went there so I am not really clear what that is

    'Cause to me it sounds like we paid the first payment with credit card and are paying it again in the gross cap cost

    Thanks
  • Look for another line that has "Net Cap Cost". That should reflect any payments that you made upfront (including the 1st payment).

    If it doesn't, then you might have a problem. It seems they go out of their way to make leasing paperwork confusing.

    Moderator - Prices Paid, Lease Questions, SUVs

  • jdl300jdl300 Posts: 11
    Hm
    net cap cost is from including the trade-in value, first down payment seems to not have been added

    Is the total amount due at lease signing supposed to be added to capitalised cost reduction? or just the trade in?

    What I have is:
    Amount due at lease signing: $3978.17 ($3300 trade-in + 678.17 cash first payment)

    Gross Capitalized Cost:
    $40,962.50 the agreed upon value (dealer fee+wear and tear waiver included)
    +$678.17 first payment capitalized as per what the sales manager said
    +$216.83 of something, he says sales tax, not clear on what
    -----------------------------------
    $41,857.50 gross cap cost total
    -$3300 trade-in adjusted cap cost
    -----------------------------------
    $38557.50 - Net cap cost (adjusted cap cost is what they call it)

    In the end they said
    $607.67 + 66.50 title + $3.99 sales tax = 678.17 cash at the dealer before taking the car ($626 actually before we re-did the lease due to false internet price they quoted us)

    Advice to anyone out there about to buy:
    Check the itemization box in the Gross Cap Cost so you can see how they arrive at the total price, because things can get slipped in there

    AND

    make sure you are getting any specials and so on so you won't have to go back like us and point out we didn't get what they told us we got

    thanks kyfdx
  • Carman:

    Money factor and Residual for GS430 right now?

    Thanks.
  • Happy New Year Carman,

    Any money factors and residuals for a 36 month 15K miles lease for the hybrid GS that LFS is offering?
  • drasdras Posts: 8
    Can someone tell me if they think this sounds like a reasonably good deal:

    GS 350 AWD
    Mark Levinson Pacakage
    Ventilated Seats
    Rear Spoiler
    $3,500 down (all cap reduction)
    $600 per month (pre-tax)
    36 month
    15,000 mile/year leaes

    I can't remember the money factor, but residual was 53%. Any thoughts?
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