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2013 and earlier Lexus GX 460 Lease Questions

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  • wdyl9395wdyl9395 Posts: 2
    I kind of figured and thanks for the info. I think I'm going to get the GX 460 my question is do you think I am better off waiting till the summer or is there some reason to do it sooner rather than later
  • calaelcalael Posts: 6
    My guess would be later because there will probably be more negotiating room once the supply and demand decreases. Right now they are pretty much being built to order and the dealers do not have any in stock and aren't coming off of the sticker price much at all. Good luck!!
  • moolmanmoolman Posts: 122
    Hi Carman,
    Can't believe you're still on here, it's been 3 years since I leased a car. What are the current rates for 10 or 12K 3 year leases on the GX460.

    Thank you once again.

    Alex
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Thanks Alex...I guess :cry: . Welcome back. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2010 GX 460 with 12,000 miles per year are 00190 and 54%, respectively.

    The residual value for a lease with only 10,000 miles per year is 1% higher.

    Car_man
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  • Carman,

    Do you have the October MF and Residual for a 2010 GX470?

    Masachusetts
    36mo 12k miles/yr
  • Car_man,

    Could you please post the current money factor for 48 months lease, 12000 miles per year on a basic 2010 lexus GX460 with excellent credit score? I was offered 0.00285 which I felt way too high. Please help.
  • Hi carinatl. Lexus Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a base 2010 GX 460 with 12,000 miles per year are .00210 and 51%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    When negotiating your lease on this truck, make sure to take advantage of the $2,000 dealer cash that is currently available on it.

    Car_man
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  • Here you go, newcar49.

    Lexus Financial Services' October buy rate lease money factor and residual value for a 48 month lease of a base 2010 GX 460 with 15,000 miles per year are .00210 and 42%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    As you suspected the money factor that you were quoted is a little on the high side. Try to get the dealer to use the .00210 factor to calculate your vehicle's payment.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • bluestreakingbluestreaking Posts: 6
    edited November 2010
    Carman,
    What is the November money factor and residual on a 2011 gx460, 36 month and 10K miles per year? MSRP is 59,400 with a Costco price of 55,250. Also, are there any incentives in Texas?
    Thanks,
    Mark
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited November 2010
    Hi bluestreaking. Lexus Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a base 2011 GX 460 with 10,000 miles per year are .00210 and 52%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.

    The only cash incentive that is available on this truck right now is $1,000 to current Acura, Audi, BMW, Cadillac, Infiniti, Lincoln, and Mercedes-Benz owners.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Carman,

    When negotiating a lease, can the price per mile over the alloted mileage be negotiated?
  • Hi carinatl. Unfortunately, I don't believe that banks will negotiate the excess mileage charge on leased vehicles. Having said that, most banks will provide lessees with a discount for excess miles over 15,000 purchased at lease signing over what it would have cost them in excess mileage penalties at lease-end.

    Car_man
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  • Hi Car_man,

    Looks like the "December to Remember" promotion is out. Can you get the MF and residual for the 2011 GX460 base with 10K and 12K per year? And will these numbers be the same for November and December? Also, what are the actual promotion discounts?

    Thanks!
    Bluestreaking
  • Here is the numbers I can use some help with. Negotiating a lease in MI for my mother-in-law. Here is where we have started with the dealer:
    RX 350 AWD Base $39,375
    Comfort Pkg.: $1,950
    Cargo Spider Net: $49
    12-Spker Prem Audio Sys: $110
    Navigation: $2,465
    Intuitive Parking: $500
    Premium Pkg: $2,400
    Towing Prep Pkg: $238
    Remote Start: $375
    Wood & Leather Steering: $330
    Accy Pkg: $242
    Paint Protect: $429
    Cross Bars: $259

    ---Total Options: $9,347

    Delivery: $875

    Total MSRP: $49,597

    Sales Price: $46,199.82
    Money Factor: .00150
    3yr Residual: 57%
    36 mth lease with 15k miles/yr

    Mthly Payment Base: $609.75
    Mthly Sales Tax: $36.59
    Total Payment: $646.34

    Having trouble right now coming up with the same numbers the dealer did. Wanted to know if the money factor and residual values I have are correct for this month. What do you think about the sales price of the car? Should I be able to get it lower? They sales person also mentioned a lease acquisition fee for $700 and a doc fee of $190. Wondering if those sound right or if I should haggle them down.
  • oops, moving this to the RX 350 thread.
  • Anyone have an opinion on this offer:

    2011 GX 460 base with
    Convenience Pkg
    Nav System
    Comfort Plus Pkg
    Tow Hitch
    Exhaust Tip
    Glass Break Sensors
    Remote Engine Start
    Trunk Mat, Cargo Net, and Wheel Locks

    MSRP $59,154

    Negotiated Price $52,500

    36 month lease with $2000 down plus first month payment (Houston, TX taxes)

    12K per year $769 per month, (money factor .0016 and 54% residual)
    10K per year $754 per month, (money factor .0016 and 55% residual)

    Anyone think I can get anything else out of the deal? (money, accessories, rates)

    Thanks,
    Bluestreaking
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited November 2010
    It certainly is Bluestreaking. Lexus Financial Services' December to Remember buy rate lease money factor and residual value for a 36 month lease of a 2011 GX460 with 12,000 miles per year are .00160 and 54%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    The numbers for an otherwise identical lease with only 10,000 miles per year are 1% higher.

    The discount that you are able to negotiate on this truck is between you and the dealer. The only cash that Lexus is providing on it is $1,000 to current owners of select luxury competitors.

    Car_man
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  • I ended up getting the SUV for $52250 before TT&L. MSRP was $59,154.
  • Just purchased a brand new 2010 Lexus GX460 Premium Silver w/Blk int., navigation, Mark Levinson audio for $52,900 in Northern California.
    MSRP was $62,800
  • Thanks for the info, bluestreaking. That sounds like a solid discount to me.

    Car_man
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This discussion has been closed.