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2013 and earlier Lexus GX 460 Lease Questions

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  • Hey JD. Lexus' "December to Remember" event officially began on November 14th. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GX 470 with entertainment and navigation and 15,000 miles per year are .00225 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. This truck's 12,000 mile per year residual value would be 2% higher. The only option that has an impact upon this truck's residual values is the entertainment system. The residual values for units without his system is 1% higher than it is for units that have it.

    Car_man
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  • Hi freedonia. Lexus Financial Services' "December to Remember" buy rate lease money factor for the 2007 GX 470 is .00225 for any length lease for consumers who qualify for its Tier 1+ credit tier. Its residual values vary depending upon how long you lease it for. LFS' current 36 month, 12,000 mile per year residual for a 2007 GX 470 without the entertainment system is 57%.

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  • Hi moose08. Lexus Financial Services' "December to Remember" 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 .00225 and 57%, respectively. I provided you with this truck's 12,000 mile per year residual value because I have never seen info for a LFS lease with 10,000 miles per year. It may not lease vehicles with that low a mileage allowance.

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  • I have a lease on an RX330 that ends in early March 2007 (which will be 3500 mi over). What kind of "deal" should I expect if I agree to lease a GX 470 now? I am considering other SUVs but would stay with Lexus if they offer a good incentive.
    I assume I could get the "December to Remember" deal (by 1/2) and take delivery later in January? Is this worth it?
  • First, thanks for the great advice on this board! The research really helped me with my acquisition. $342 over invoice with Dec to Remember rates, tax incentives.

    I just leased a 2007 GX470 $565 a month. Options: NAV,3rd row seat,rear spoiler, tow, preferred package
    Details:
    MSRP $53,894
    Aquisition Cost: $47,352 (includes Regional Mktg/Adv)
    12,000 miles annual
    36 months
    RV 57%
    9 security deposits
    MF .00133
    $0 down (no cap reduction)
    $600 acquisition fee
    Taxes,Title/Registration included
    Monthly Payment $565

    Hope this helps!
  • Wow! That sounds like a great deal. Thanks, I will use this as a benchmark.
    Can you clarify two things? What was the 9 security deposits you mentioned? Also, I assume the $565/month was excluding taxes?
  • With Lexus Financial Services, you can elect to apply up to 9 security deposits. Each security deposit lowers the money factor by $.0001 (from .00225 to .00135 in my case).

    The $565 excludes taxes. My taxes are paid as a part of the December to Remember.
  • Wow, sounds like a great deal. I am currently in the process of trying to lease a GX470 with the same options but am getting quotes of $900 a month so far. May I ask what dealership you leased your Lexus through and what city.

    Thanks and again, great deal!!

    Jason
  • $900 is crazy. I probably will go for a different SUV, but was offered $701/month for 36 months, 15K mi/yr, with $0 down (configured MSRP was about $52K), including 2 pmts on my current car.
  • SO, how much did the 9 security deposits cost you up front or total and what are they or what do they do. I have never heard of that before.

    Jason
  • LFS allows you to put additional security deposits down on a lease up to a maximum of 9. Each security deposit is equal to your monthly lease payment. More info is available on the Lexus website.

    In my case, the 9 add'l security deposits were about $4,500.

    I would highly recommend this approach vs. putting money down upfront. The reason being is that at the end of the lease you get your security deposits back...so at the end of my lease I get my $4500 back...where as with the down payment/cap reduction you lose that money.
  • WOW! $900 seems way too high for a 36 month lease on a GX470.

    I would recommend that you print out my earlier note with the lease detail, take it to your local Lexus dealer, and ask them to match this offer. We live in the Dallas metroplex and both delears were competiting for my business. Do your homework and be prepared to walk out the door.

    Good luck!
  • Jason,

    I rec'd a similar deal to Hoggolfer last January on a fully loaded GX minus KDSS. My payment is 635 total, but I did not pay the security fees or a down payment. My MF at that time was .0012/ vehicle was at invoice whether I bought or leased. Hoggolfer got a stellar deal too, and if you are willing to shop a few hungry dealers, you should be able to do just as well. Bought mine in SoCal.

    Have fun!
  • Wow, I was just quoted $737/mth for a 2007 GX with nav pkg and 12k/yr...$1400 down (fees and taxes).

    So, it looks like I can do much better, huh?

    What do I use as a negotiation tactic? I am so bad at this...
  • guestguest Posts: 774
    Hi, I just least a 2007 gx470 with nav pack for $615/mth including tax, with only first payment down. also did the multiple security deposits. with the deposits it took $77 off the monthly payments. well worth it. hope this helps. msrp was $53500.00
  • Today is the last day for December to Remember...Look at my earlier post on the details of my lease (that has all the info that you and your dealer needs). Take that info into you Lexus dealer and ask them to match. Use this information and be prepared to walk/shop other dealers.
  • Just curious, how much were your security deposits?
  • Security Deposit roughly equals one month payment. (it may be rounded to the nearest $25 increment). So if your payment is $500/month, each security deposit is $500.
  • Hi suviwai. Lexus' "December to Remember" lease program for the 2007 GX 470 wasn't too bad, but unfortunately it is no longer providing lease support on this model in January. If you are looking for a special lease program, this isn't the truck for you.

    Car_man
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  • Congratulations on your new truck, hoggolfer. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new GX :) .

    Car_man
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