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Lexus GS 450h Lease Questions

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Comments

  • There is, dulnev. Lexus boosted its residual values on all models by 3% across the board through the end of the year.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • dulnevdulnev Posts: 652
    Car_man, I just went ahead and ordered the 2010 GS 450h. I believe I got a very good deal -- $1,000 over invoice. But now I will have to decide whether to buy the car when it comes in or to lease it. Have the lease programs for 2010 GS been released yet? Thank you.
  • I have had my 2009 GS450h since March (purchased for about the same deal you got), 7800 miles on it so far, and it has been great. Computer says overall 26.5mpg, which is a little better than the EPA ratings.
  • Hey dulnev. $1,000 over is a pretty good deal. I have seen the lease program for this car. Lexus Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 450h with 15,000 miles per year are .00255 and 53%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • dulnevdulnev Posts: 652
    Thank you very much for the information, Car_man! This is pretty encouraging. The residual I had on the 2007 GS450h was 52% with 12K miles. Do you happen to know how many percentage points Lexus adds to the residual for going with 12K miles as opposed to 15K?
  • You're very welcome, dulnev. Lexus Financial Services adds 2% to its 15,000 mile per year residual values for leases with only 12,000 miles per year.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Found a 09 with 60 miles; selling for $51k. What can I expect for current money factor and residual? My wife is hesitant, but I think this is "killer" deal, your thoughts?
  • dulnevdulnev Posts: 652
    If it is a new 2009 from a dealer, then the dealer should be able to provide you with at least the residual numbers. I believe 2010 is in low 50s right now, so you should expect the 2009 to be in the low 40s. Meaning it would be a really terrible idea to lease it. If you believe the deal is great, then just buy it. The resale value on the 450h is very good, so you can easily sell it after 2-3 years if you get tired of it.

    You mention the price is $51K, but what are the options? For a 2009 you should not pay more than $1,000-2,000 below invoice right now.
  • I think I found the car; 09 GS 450h, verified 1 owner purchased at local lexus dealer 12/08 and traded in at local BMW dealer. Please give me your thoughts:
    Asking $42,995, 15k miles, Nav., ML, etc..It does have run flat tires (original) and I think I should ask for new tires (non run flat) as part of the deal. It does have spare. It has original warranty, but does anyone know if I can go to the Lexus dealer and purchase a platinum warranty? I drove over 30 miles and it was tight and I was surprised the tires were not actually nosier; Dunop 5000 run flates. Please give me some wisdom, anyone out their???
  • Hi kvaillancourt. This particular discussion is for community members to talk about leasing a new GS 450h. You will probably have better luck getting feedback on how much you should pay for the used GS 450 that you are interested in over in the "Lexus GS 450h Prices Paid and Buying Experience" discussion or the "Real-World Trade-In Values" discussion.

    You also might want to try looking up this car's value over in the Used Vehicle section of Edmunds.com.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • dulnevdulnev Posts: 652
    That price is too good to be true. I would check whether the car has been in a bad accident.
  • Repost from GS460 forum:
    Hope somebody can help.
    I am special ordering the above. The car comes to $61500 total MSRP. I'm looking to lease and the number my dealer (Phila-area) gave me were: $813.50 for 48 months.
    I do not have any other details (residuals, etc)...the number is just what I was told.
    Is this a good deal? Am I in the ballpark? :confuse:
    Any questions feel free to ask...
    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jmarcewicz. You really need to find out what selling price the dealer is charging you for this car. Other than the monthly payment of course, this is probably the most important figure to find out when leasing. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is much more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what this vehicle's selling price is and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the deal:
    After negotiating with dealers in DE and MA for the car to be factory ordered our local PA salesguy won out. Since the car would not be delivered until 3-4 months from order date none were willing to give a definite monthly lease price (because of future money factor, etc.). I & wife (her car) understood that, but still needed a "cap" amount - they could tell us now that the lease amount would be X but when the car actually arrived they could say the lease price was now X plus $500 (which we thought was unfair since her current lease would be up and she would then be back to square one AND without a car).
    Bottom line:
    The MSRP for the car is $63687.
    The current negotiated monthly price is $815 (4 year lease).
    We "capped" the lease at $900. So if the economy gets worse, the most we'll pay is that amount.
    If Lexus is running a deal concurrent with the car's arrival (in November) or rates are more favorable to us it may even be less than $815.
    SO, MILLION DOLLAR QUESTION:
    How good/bad was our negotiating skills? Did we do good? Are we being hosed? :confuse:
    Thanks for any/all input!
  • meegwellmeegwell Posts: 67
    edited January 31
    Hi All,
    Thought I'd recount the highlights of a successful leasing experience for whatever it's worth. First, cudos to Edmunds for giving me all the info. I needed to make a great deal.

    I leased my 450h from Southbay Lexus inTorrance. I told our salesman, Kevin M[], understood that I was using Edmunds as my primary source of information. It made his life easy. He cut to the chase and gave me clear and straight answers to every one of my questions. If my Mother wanted a Lexus, I'd send her to him.

    Following Edmunds advice, I talked about purchasing until the last minute. I also told them I was not going to be trading-in my car.
    I was offered and accepted $2750 below invoice. To my surprise, at the end of the deal I got a bonus. Here are the numbers:

    36 months, 15,000 miles a year
    Money factor: .00090
    Residual: 56%
    My last stop at the dealership was in the finance office to sign all the docs. I expected the usual pitches but got a very pleasant surprise. I was interested in one pkg. that covers the high end gotcha's that can come-up at the end of a lease, tires, excessive damage, etc. I liked the pkg. but not the price. When I told the finance manager that I was on the fence about it I was told that Lexus gives the dealers money to sell their add-on packages - and that the dealership would pass that money on to me. The pass-thru equaled more money than the pkg. itself. I got the pkg. for free and some.

    I'm a happy camper. Thank you, Edmunds. You saved me a bundle.
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