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2013 and earlier Lexus GX 460 Lease Questions

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  • I'm from the Bay Area. Just got a quote from a local Lexus dealer for $650 (including tax - without tax it's $600) with $3000 down, leasing for 36 months.

    My question for xhristina then is was your price with or without taxes, and how many miles did you get per year? Also, did they give you the rear dvd system along with the navigation?

    We negotiated quite a long time with these folks. So if you were able to get $617 with only $1200 down I would think that's really a great deal.
  • Car_man,

    I'm looking to do either a 36 or 48 month lease with 15K mi per year - do you have MF and residuals for September? (top tier credit)
    Also, are you aware of any factory to dealer incentives for this month? If not should I gamble and wait until October?

    Looking at a 2006 with Nav & DVD in CT.

    MSRP: $56,603
    Invoice: $49,389
    Dealer offer: $50,889

    I'm inclined to wait for it to drop below invoice, but maybe the demand is more significant than I think.

    Thanks!
  • I am in South Florida. My 2003 ES300 lease is up in Feb'07. I'd like to lease a GX470. Since the dealerships are discounting the 2006's now, should I pursue a deal(including a dealer buyout of my existing lease=$19,500), or am I better off waiting until Feb when there is no buyout involved and just go for a 2007? Is December a better time to do this when it is truly the end of the year?
  • Here's the info that you're looking for, dotupside. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 Lexus GX 470 with Navigation and DVD with 15,000 miles per year are .00142 and 54%, respectively. The numbers for an otherwise identical 48 month lease are .00142 and 44%. I am not aware of any dealer cash incentives on this truck right now, but even if Lexus was providing dealer cash on it, its dealer cash is usually not compatible with its special lease money factors so it wouldn't matter.

    Car_man
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  • Hi susanw6. Breaking your current lease this early is probably going to cost you a decent chunk of change. If I was in your situation, I personally would wait until I was closer to the scheduled end of my current lease to get a new vehicle. Even if you only wait until December, you'll still save money plus you will be able to take advantage of the "December to Remember" special lease program that Lexus usually runs around that time of the year.

    Car_man
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  • Thanks for the advice, Car Man! I'll check back with you after I find out the offer in the December to remember lease special.
  • No problem, susanw6. Talk to you then.

    Car_man
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  • I'm interested in the current Money Factor and Residuals for an '07 GX470. 36 and/or 48 month lease, 12,000 miles per year, with minimum down, and excellent credit.

    MSRP $53,318
    Invoice $44,997

    Thanks,

    Bill
  • Hi Bill. Here's the info that you're looking for. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GX 470 without the entertainment system with 12,000 miles per year are .00275 and 57%, respectively for consumers who qualify for its Tier 1+ credit tier. The money factor would be the same for an otherwise identical 48 month lease, but its residual value would be 47%.

    Car_man
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  • Thank you so much. If it helps, here is the deal I was offered by a Southern California internet manager. 2007 GX470 w/Nav/M Levinson audio pkg, Preferred Accessory pkg, third row seat w/ rear a/c, rear spoiler, tow prep. MSRP $53,560 and their offer is $47,253. Again, the lease info is a really big help.

    Bill
  • Hey carman, once you have the money factor and residual, how do you actually calculate the lease payment. I want to go to the dealer with my payment already calculated based on what I am willing to pay for the car. How do I use the info you are providing?
  • My current ES300 lease is up in Feb. '07. I want to lease a GX470 and I'd like to take advantage of the December lease deals. I read in the Lexus Owner Club Forum (Nov 2005) that it was possible to negotiate a deal in December and hold off delivery until Feb, as long as you were approved in early Jan. Is this true?
  • You're welcome, Bill. Since you mentioned its prices, I can work up a sample lease payment on this truck for you. According to my calculations, if you were to lease a 2007 Lexus GX 470 without the entertainment system with an MSRP of $53,560 and a selling price of $47,253 through Lexus Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $679. If I was in the market for this truck, I personally would wait until later this month to get one. I suspect that Lexus will introduce its "December to Remember" sales event then. Given the lack of lease support that is available on the GX right now, its new lease program for it is likely to improve.

    Car_man
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  • Hey susanw6. The following informative article that is available here at Edmunds.com describes exactly how to calculate lease payments on vehicles: Calculate Your Own Lease Payment. Check it out and let me know if you have any questions.

    Car_man
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  • jydjyd Posts: 3
    Car_man:

    I just received an e-mail from a Lexus dealership in Southern CA that says that the December To Remember event has begun. The e-mail does not mention any specifics other than the deal runs through Dec. 31, 2006. Can you confirm if the December To Remember event has in fact begun? If the December To Remember event has begun can you tell me what the money factor and residual are for a 2007 GX470 with RSE & NAV for 36 mos. with both 12K and 15K? Also, can you tell me if the residual is the same for a 2007 GX470 with the RSE & NAV and a 2007 GX470 loaded with the Sport Package?

    Thanks,

    JD
  • This is what my dealer was offering:
    Bay Area Calif.

    GX470
    Nav, Mark L audio, towpkg, 3rd seat, mats, spoiler, pref accessory pkg.

    36 months, 12000 miles
    Excellent credit: 800+

    Msrp: 54048 + 400 for XM radio.
    Offer (Cap price): 45852
    Invoice: 47042 + 400 (for XM)
    Money factor: .00275

    I forgot the residual %.

    20 cents per mile over the limit.

    Money down: 1070

    Pmt incl. tax: 700.45

    Is this a good deal? What are the .0017 rates above, are they better?

    My dealer said that his quotes was a December to Remember deal.
  • Does anyone know the lease deal (residual and money factor) Lexus is currently offering on the GX470 for its lowest mileage lease option? Thanks.
  • Carman,
    Can you tell me the money factor and residual Lexus is offering on the GX470 for a 36 month, 10k/yr lease during the December to Remember sales event?

    Thanks
  • Hi, FWIW, I purchased my GX Jan 31, 06, but got it at my original Dec to Remember numbers. My dealer, Crown Lexus, (specific saleswoman, of course) honored my quote from Dec, which had been all via email. (I was ready to lease in December, changed my mind, then decided to move forward in January.) Having the original emails handy was all my salesperson needed to honor the deal. I picked my car up, and it was still wrapped in plastic from head to toe, pristine. They found me exactly the model/color I needed. It was an absolutely stellar buying experience. I live in San Diego, but it was worth the drive.

    My personal experience was that the December to Remember deals are the best around, and never got more favorable again. I leased (but could have also purchased) at invoice, and my money factor was.0012 with tier 1 credit, Zero down, 15k miles per year for 36 months. Took a friend with me, and they made her a deal at invoice if she bought that day.

    Good luck with your purchase, don't hesitate to look for a bargain, they are out there if you are willing to look.
  • Oops, I almost forgot, my payments on the above lease are $635 per month, no money down, 36 mo. Mine is almost fully loaded, nav,rse,tow,spoiler,levinson, etc. Keep in mind that the "largest" San Diego dealer laughed me off the lot when I asked him to give me the same deal as Crown. He later called me back to offer me $500 over invoice, but I had already went ahead with my offer from Crown. Crown is a fairly large volume dealer and can find almost any model.

    Happy Hunting.
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