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2013 and earlier Lexus GX 460 Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi drmhf. I would be happy to use Lexus actual lease program to work up a sample lease payment on the GX that you are interested in for you. However, in order for me to do so I need you to provide me with the MSRP and approximate selling price of the exact model that you are interested in. If you don't know what the selling price would be, the dealer invoice price would suffice. You can find this data over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • drmhfdrmhf Posts: 29
    Hi Car_Man. Invoice is $46,310. This includes destination charge of $825. Tax is 8.65%. I guess there would be a bank charge and acquisition fee added in as well.
    I haven't spoken with any dealers yet. I really want to be educated and know what a good deal is before I do. Thanks
  • jc28jc28 Posts: 3
    Hi:

    Sticker $52,275 / 36 month lease / 12,000 miles / $5,000 due at signing / $745 a month. NJ 7% tax is paid within the $5,000 due at signing. Is this a good deal anyone?

    Many thanks

    Mark
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi drmhf. Thanks for the additional information. I cam come up with an approximate selling price using the invoice price that you provided me with, but I still need this truck's MSRP to calculate an accurate lease payment for you. Both numbers need to be put into the formula.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Mark. $5,000 is a lot of money to pay at lease signing. Why not roll the sales tax into your monthly payment. I believe that New Jersey will allow you to do so. As far as I am concerned, the less money that's due at lease signing the better. Consumers who make large down payments on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be a little higher, you will be much safer paying as little at lease signing as possible.

    Car_man
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  • jc28jc28 Posts: 3
    Car_man: Thank you very much for the suggestion!

    Mark
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, Mark.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • drmhfdrmhf Posts: 29
    I was offered the following deal on a 2009 GX-470 with Nav, 3rd row seat, tow prep pkg ($50msrp), preferred accessory pkg ($240msrp), rear spoiler ($550msrp-that I don't want):

    MSRP $53,016
    Cap Cost $48,039
    Residual 39% $20,676
    MF .0021
    Tax $3350
    Bank fee $700
    Processing fee $75 (tire fee, NYS inspection)
    48 months 12,000 miles/year
    Due at signing, 1st month payment + processing fee = $867.
    Monthly payment = $792

    Is this a good deal, or can I do better?
  • drmhfdrmhf Posts: 29
    I'm negociating both for a GX and ML 350. When I get bottom line prices I'll decide which one to lease. Actually my wife will chose which she wants to drive.
    Today I got this offer for a GX 470 with Nav, 3rd row seat
    MSRP 52,225 invoice = 46,320
    Cap Cost $46,479
    Residual 39% $20,367
    MF .00216
    Tax 8.62%
    Bank fee $700
    48 months 12,000 miles/year
    Due at signing, 1st month payment + processing fee = $900
    Monthly payment = $779

    The manager said he would take off another $10-15/ month to make the deal.

    This offer is better than the last, but I would still like to get the payment under $700/mo. like I did with the ML350. I'll post that deal on the ML 350 forum.

    Is this a reasonable deal? Is less than $700/ mo reasonable?
    Is there anyone out there reading these posts?
  • jc28jc28 Posts: 3
    Hi drmhf:

    Last week I returned my 42-month 2006 GX470 lease and got a 36-month 2009 GX470 lease. Below is what I got.

    MSRP $53,204.00
    Gross Capitalized cost $47,183.95
    Capitalized Cost Reduction $2,975.16
    Adjusted Capitalized Cost $46,217.35
    Residual Value $25,005.88
    $742.34x36 / 12,000 miles per year

    Due @ signing $5,000 includes:
    Capitalized Cost Reduction $2,975.16
    First Month $742.34
    Registration Fee $386.00
    Acquisition Fee $700.00
    Tire Tax $7.50
    Doc Fee $189.00
  • etortetort Posts: 3
    Hi:

    I don't think this is a great deal by any means, but could you give me a ballpark on what may be reasonable.

    2009 gx470
    Black with gray interior
    nav/levinson
    3rd seat/air
    tow prep, spoiler, tow hitch, mats, preferred access pkg, exhaust tip
    msrp $53663 ( INCLUDING dest charge of $825)
    invoice right about $47,000
    purchase price $49,000

    36 mo
    12,000 miles/year
    mf .00279
    residual $25,221
    payment $990/month

    thanks

    etort
  • with the gx 460 coming at the end of the year, the 470's should have an incentive on the way. i was quoted the same price on my lease. gonna wait and see if they have a similar year end sale like they did last august...then pull the trigger
  • etortetort Posts: 3
    Thanks for your reply
    I don't have the option of waiting.
    I was able to negotiate the following.

    Same car ( nav/levinson, ac third row, a few other goodies)
    invoice = 47,010 (incl dest charge)
    purchase price = 47,010
    doc fee = 150
    36 months
    12,000 mi per year
    mf = .00265

    $925/month
    $925 due at signing ( first month payment)

    Salesman said he will take a "tax credit" from the manufacturer in order to make money on the deal so he could sell at invoice.

    Good deal or not?
  • etortetort Posts: 3
    I don't have the option of waiting for the 460s
    I was able to negotiate the following.

    09 gx470 ( nav/levinson, ac third row, a few other goodies)
    invoice = 47,010 (incl dest charge)
    purchase price = 47,010
    doc fee = 150
    36 months
    12,000 mi per year
    mf = .00265

    $925/month
    $925 due at signing ( first month payment)

    Salesman said he will take a "tax credit" from the manufacturer in order to make money on the deal so he could sell at invoice.

    Good deal or not?

    thanks

    Eric
  • Car_man, can you post the 36 month, 15k mi/yr lease money factor and residual on a GX470. I'm in ny and am also wondering if there's any lease cash or other rebates available.

    thank you
  • Here you go, dolphin5. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 GX 470 with 15,000 miles per year are .00255 and 48%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Unfortunately, I do not believe that Lexus is currently providing any cash incentives on this truck.

    Car_man
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  • Car_man, can you post the 48 month & 60 month, 15k mi/yr lease money factor and residual on a 2010 GX460?
  • Hey calael. Lexus Financial Services' current buy rate lease money factor and residual value for a 48 month lease of a 2010 GX 460 with 15,000 miles per year are .00245 and 45%, respectively for consumers who qualify for its top aka "Tier 1+ credit tier.

    The numbers for an otherwise identical 60 month lease (which I advise against entering into) are .00245 and 36%.

    Car_man
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  • wdyl9395wdyl9395 Posts: 2
    Great Info. I'm looking to get into a 39-48 Month on the GX 460 or 470. I'm ok with 12k Miles but want the Navi and the DVD. I'm thinking I should be able to get this done in the mid sixes monthly with nothing or nearly nothing out of pocket....any thoughts?
  • calaelcalael Posts: 6
    Based on my research via the Lexus website....the mid sixes are not possible unless you are making a downpayment. You might want to check out the website because the GX 460 with the features you mentioned runs about 60k. However; leasing is also an option on a used GX 470 too, if it's certified. Hope this helps!
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