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2014 Lexus GX 460 premium package lease

sandalfoot1sandalfoot1 Posts: 1
edited April 2014 in Lexus

My wife is getting gx460 2014 this week. We want a 36 or 48 month lease. What is the money factor being offered now? She has been approved in tier 1 for the financing. If the msrp is around 59k what should we expect the payment to be? No money down taxes and tags rolled into lease. We have a 6% state sales tax.

Answers

  • kyfdxkyfdx Posts: 152,577

    @sandalfoot1 said:
    My wife is getting gx460 2014 this week. We want a 36 or 48 month lease. What is the money factor being offered now? She has been approved in tier 1 for the financing. If the msrp is around 59k what should we expect the payment to be? No money down taxes and tags rolled into lease. We have a 6% state sales tax.

    .00150 MF and 56% residual for 36mo, 15K/yr.

    48mo, 15K/yr residual is 48%

    A GX460 isn't going to be cheap to lease. For estimation purposes, I assumed a 6% discount from MSRP and $700 acq.fee rolled into the lease. If your state taxes the monthly payment, then the resulting monthly payment on a 36mo, 15K/yr lease would be around $822/mo. including 6% tax.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pratik66pratik66 Posts: 1
    edited May 2014

    @kyfdx I am trying to get a gx460 2014 base with premium pkg this week. I want a 36 month lease. What is the money factor being offered and residual now? I have been approved in tier 1 for the financing. If the msrp is $56175, what should I expect the payment to be if my negotiated selling price is $51808? NJ sales tax 7%. Lease sheet currently reads first month advance payment and $1353 upfront charges. (what are these charges?)

    Thanks in advance.

  • kyfdxkyfdx Posts: 152,577

    @pratik66 said:
    kyfdx I am trying to get a gx460 2014 base with premium pkg this week. I want a 36 month lease. What is the money factor being offered and residual now? I have been approved in tier 1 for the financing. If the msrp is $56175, what should I expect the payment to be if my negotiated selling price is $51808? NJ sales tax 7%. Lease sheet currently reads first month advance payment and $1353 upfront charges. (what are these charges?)

    Thanks in advance.

    .00150 MF and 56% residual for 36mo, 15K/yr.

    Payment would be $690/mo.+ tax. I would guess that the $1353 includes the acquisition fee, title/license fees for the three year lease term, and maybe a dealer/doc fee.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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