2015 Lexus GS 350 Lease Questions

sperkins921

Thanks for the quick response!

Any idea if Lexus will run any good promos around Thanksgiving/Christmas? I seem to remember last year (or was it the year before?) seeing some- but was not in a position with the lease on my current BMW to even entertain switching. Seems like I missed some good pricing for September too.

That .00170 MF is the standard MF, correct? Does this region always follow the standard, or is it just the case on this particular model? We're also thinking of the 16 RX or a 15 NX, so trying to work the best deal. Will ask for particulars on the MF/RV's on the appropriate boards.

Thanks again!

Michaell

sperkins921 said:

Thanks for the quick response!

Any idea if Lexus will run any good promos around Thanksgiving/Christmas? I seem to remember last year (or was it the year before?) seeing some- but was not in a position with the lease on my current BMW to even entertain switching. Seems like I missed some good pricing for September too.

That .00170 MF is the standard MF, correct? Does this region always follow the standard, or is it just the case on this particular model? We're also thinking of the 16 RX or a 15 NX, so trying to work the best deal. Will ask for particulars on the MF/RV's on the appropriate boards.

Thanks again!

The MF jumped to the standard rate in October - I suspect that's because there isn't enough inventory left to warrant supporting it with a lower MF.

Lexus usually runs a "December to Remember" promotion at the end of the year; no idea if the deals then will be any better than they are now.

jmcbmw

In Southern CA, was just quoted today $3K below invoice + $4000 lease cash for any 2015 GS350 (this was an F-Sport with MSRP $57,275).
12K Residuals= 63% for 24 months, 59% for 33 months, 57% for 36 months. Money Factor= .001200
I'm looking at first payment, DMV and Acq fee of $1250 drive off and $557/month for 24 months including 9% monthly tax. ($507/month incl tax for 36 months)
Hope this helps someone. It's tempting but I hate the nav mouse thingy, the car is fantastic otherwise. Will have to see if the benefits outweigh the awful infotainment.

Michaell

jmcbmw said:

In Southern CA, was just quoted today $3K below invoice + $4000 lease cash for any 2015 GS350 (this was an F-Sport with MSRP $57,275).
12K Residuals= 63% for 24 months, 59% for 33 months, 57% for 36 months. Money Factor= .001200
I'm looking at first payment, DMV and Acq fee of $1250 drive off and $557/month for 24 months including 9% monthly tax. ($507/month incl tax for 36 months)
Hope this helps someone. It's tempting but I hate the nav mouse thingy, the car is fantastic otherwise. Will have to see if the benefits outweigh the awful infotainment.

$507/mo for a car that stickers for $57K is a pretty good deal .. but, if you don't like the interior ergonomics, then you should find something you do like better.

jmcbmw

looking forward to getting November rates for 24 and 36 months 12k for the GS350 F-Sport. Have another week and a half until my lease turn in and comparing a BMW and the GS350 F-Sport. Biggest advantage of this Lexus are the seats for me. They are multi-contour plus heated and ventilated. Great car but I don't care for the infotainment. I'm constantly whizzing around with iDrive it's like second nature and much superior i m o. But I really like this car! It's nice to be able to get blind spot monitors and power rear sunshades on this car as well without Huge price option packages that are difficult to find on the BMW. I've never had a Lexus maybe I should just go for it! It's only a 2 year lease after all.

kyfdx

jmcbmw said:

looking forward to getting November rates for 24 and 36 months 12k for the GS350 F-Sport. Have another week and a half until my lease turn in and comparing a BMW and the GS350 F-Sport. Biggest advantage of this Lexus are the seats for me. They are multi-contour plus heated and ventilated. Great car but I don't care for the infotainment. I'm constantly whizzing around with iDrive it's like second nature and much superior i m o. But I really like this car! It's nice to be able to get blind spot monitors and power rear sunshades on this car as well without Huge price option packages that are difficult to find on the BMW. I've never had a Lexus maybe I should just go for it! It's only a 2 year lease after all.

.00053 MF and 63%/57% residual. $4500 lease cash. Complimentary 1st payment.

jmcbmw

wow that's very good rates and very tempting! I just a quote back from the dealer on the same car I looked at in October which they quoted $2000 drive off and $579/month including LA 9% tax. I hadn't finalized the drive off but was going to have an exact break down of 1st payment, DMV, doc fee, any tax etc..
They sent me this today, Said MF is 0.000700. I will see if can get them to lower it to the .00053 but haven't agreed to lease the car yet so maybe hold that until the very end if they want to make the deal.
It's between this car and another BMW (a 2015 335iGT no less) but these are my two finalists! Will check the BMW forums for any changes but am locked into the October rates if better with BMW as I was approved for credit. Will also post the quote I got for the Bimmer.

With $2,000 total drive off / 24 months / 12,000 annual miles = $502.46 (including 9% tax)
MSRP: $57,275
Selling price: $50,533
Residual Value: 63% (24 months with 12,000 annual miles)
MF: 0.000700
Cap Cost $45,768.60

wineman123

Can I get the residuals and my for Northern California for gs350 12 or 15k. Are the current offers 24 or 36 mo? What is current mf? Is their 4500 plus 1st payment from Lexus?

kyfdx

wineman123 said:

Can I get the residuals and my for Northern California for gs350 12 or 15k. Are the current offers 24 or 36 mo? What is current mf? Is their 4500 plus 1st payment from Lexus?

MF varies by region.. .00053-.00065.

57%/55% residual for 36 months.

$4500 lease cash + Complimentary 1st payment

arteddy

Does Lexus offer a 42 month lease on the 2015 GS 350? If so, what is the money factor and residual for a 42/12? Thanks so much.

Michaell

arteddy said:

Does Lexus offer a 42 month lease on the 2015 GS 350? If so, what is the money factor and residual for a 42/12? Thanks so much.

53% and .00065. $4500 lease cash.

robert_2016

How many MSDs does Lexus allow you to apply to a Lease? And at what rate does the MF come down for each MSD?

Michaell

robert_2016 said:

How many MSDs does Lexus allow you to apply to a Lease? And at what rate does the MF come down for each MSD?

I believe that for Lexus, they allow 9 MSDs, each of which reduce the MF by .00008. However, the resulting MF cannot be lower than .00005

robert_2016

Michaell said:

robert_2016 said:

How many MSDs does Lexus allow you to apply to a Lease? And at what rate does the MF come down for each MSD?

I believe that for Lexus, they allow 9 MSDs, each of which reduce the MF by .00008. However, the resulting MF cannot be lower than .00005

Thank you for helping me make the best purchasing choice Michaell!

floridagator1

Can I please get the 48 month residual and MF on a GS350 at 10k and 12k.
@Michaell @kyfdx

Michaell

floridagator1 said:

Can I please get the 48 month residual and MF on a GS350 at 10k and 12k.
@Michaell @kyfdx

2015 GS350 48/12 - 48% and either .00053 or .00065 (region specific). $4500 lease cash.

Add 1% for 10K

sperkins921

If I dealer is offering 3k savings, 4500 rebate, with a Cap Cost of 50,565 (MSRP 58,065).
Are the dealer fees (568) AND Acquisition fees (700) both normally charged?

This deal is for 12k/36mos, and calls for a residual of 57% (33,097.05) and a MF .00090. This is in MA (so greater new england). No money down.

I was told December to Remember is in effect; when I asked about MSD's I was told only managers can do them.

Monthly payment 629.67

I'd like to get it down to 500-550- either by better deal or MSD's or a combination of both. Seems like a bit of a high offer compared to what I've seen come through here recently.

Bad deal?

sperkins921

Also, each MSD is how much? $500? $1000? And that reduces the MF by .00008, correct?

kyfdx

sperkins921 said:

If I dealer is offering 3k savings, 4500 rebate, with a Cap Cost of 50,565 (MSRP 58,065).
Are the dealer fees (568) AND Acquisition fees (700) both normally charged?

This deal is for 12k/36mos, and calls for a residual of 57% (33,097.05) and a MF .00090. This is in MA (so greater new england). No money down.

I was told December to Remember is in effect; when I asked about MSD's I was told only managers can do them.

Monthly payment 629.67

I'd like to get it down to 500-550- either by better deal or MSD's or a combination of both. Seems like a bit of a high offer compared to what I've seen come through here recently.

Bad deal?

We don't have the NE region, but in the regions we do have, the MF varies from .00053-.00065. However, it is entirely possible that .00090 is the base MF for your region. 57% residual is correct.

You can't avoid the acquisition fee. Dealer fees are just that. Dealer fees. It is a dealers' way to add revenue to the deal, and should be considered an increase to the selling price.

No idea what "only managers can do them" means. If that means you have to talk to a manager to get MSDs done, then ditch that salesperson. What good are they?

Each MSD is the amount of the monthly payment, rounded up to the next $25 or $50 increment (not sure which with Lexus). Each one reduces the MF by .00008, for a total reduction of .00072 if you do the maximum of 9.

That would lower the MF to .00018. Whatever payment you land on, max MSDs would lower that by about $60/mo.

Using your MSRP and CAP cost, .00090 MF and 57% residual, I get $561/mo.+tax. Your quote looks to be a little higher than that. Perhaps your "cap cost" is just the selling price and doesn't include the fees? That could make up the difference. The $3000 discount is about average, and matches up with the advertised lease deal. You might push for a little more off.

sperkins921

kyfdx said:

sperkins921 said:

If I dealer is offering 3k savings, 4500 rebate, with a Cap Cost of 50,565 (MSRP 58,065).
Are the dealer fees (568) AND Acquisition fees (700) both normally charged?

This deal is for 12k/36mos, and calls for a residual of 57% (33,097.05) and a MF .00090. This is in MA (so greater new england). No money down.

I was told December to Remember is in effect; when I asked about MSD's I was told only managers can do them.

Monthly payment 629.67

I'd like to get it down to 500-550- either by better deal or MSD's or a combination of both. Seems like a bit of a high offer compared to what I've seen come through here recently.

Bad deal?

We don't have the NE region, but in the regions we do have, the MF varies from .00053-.00065. However, it is entirely possible that .00090 is the base MF for your region. 57% residual is correct.

You can't avoid the acquisition fee. Dealer fees are just that. Dealer fees. It is a dealers' way to add revenue to the deal, and should be considered an increase to the selling price.

No idea what "only managers can do them" means. If that means you have to talk to a manager to get MSDs done, then ditch that salesperson. What good are they?

Each MSD is the amount of the monthly payment, rounded up to the next $25 or $50 increment (not sure which with Lexus). Each one reduces the MF by .00008, for a total reduction of .00072 if you do the maximum of 9.

That would lower the MF to .00018. Whatever payment you land on, max MSDs would lower that by about $60/mo.

Using your MSRP and CAP cost, .00090 MF and 57% residual, I get $561/mo.+tax. Your quote looks to be a little higher than that. Perhaps your "cap cost" is just the selling price and doesn't include the fees? That could make up the difference. The $3000 discount is about average, and matches up with the advertised lease deal. You might push for a little more off.

.00090 seems way high to me for a MF; but I have an appointment at another dealer today, so I will see if they come up with the same MF. If I add in the fees, the Cap cost comes to 1268, so if I add that together I get 51,833. Does this new number with the residual and MF plugged in get you the payment quoted? At first glance, it really seems like an inflated amount and an off the cuff amount.

colonelesq

What is the current MF/RV on a GS350 36/10? Any difference with the F-Sport? Thanks

kyfdx

sperkins921 said:

kyfdx said:

sperkins921 said:

If I dealer is offering 3k savings, 4500 rebate, with a Cap Cost of 50,565 (MSRP 58,065).
Are the dealer fees (568) AND Acquisition fees (700) both normally charged?

This deal is for 12k/36mos, and calls for a residual of 57% (33,097.05) and a MF .00090. This is in MA (so greater new england). No money down.

I was told December to Remember is in effect; when I asked about MSD's I was told only managers can do them.

Monthly payment 629.67

I'd like to get it down to 500-550- either by better deal or MSD's or a combination of both. Seems like a bit of a high offer compared to what I've seen come through here recently.

Bad deal?

We don't have the NE region, but in the regions we do have, the MF varies from .00053-.00065. However, it is entirely possible that .00090 is the base MF for your region. 57% residual is correct.

You can't avoid the acquisition fee. Dealer fees are just that. Dealer fees. It is a dealers' way to add revenue to the deal, and should be considered an increase to the selling price.

No idea what "only managers can do them" means. If that means you have to talk to a manager to get MSDs done, then ditch that salesperson. What good are they?

Each MSD is the amount of the monthly payment, rounded up to the next $25 or $50 increment (not sure which with Lexus). Each one reduces the MF by .00008, for a total reduction of .00072 if you do the maximum of 9.

That would lower the MF to .00018. Whatever payment you land on, max MSDs would lower that by about $60/mo.

Using your MSRP and CAP cost, .00090 MF and 57% residual, I get $561/mo.+tax. Your quote looks to be a little higher than that. Perhaps your "cap cost" is just the selling price and doesn't include the fees? That could make up the difference. The $3000 discount is about average, and matches up with the advertised lease deal. You might push for a little more off.

.00090 seems way high to me for a MF; but I have an appointment at another dealer today, so I will see if they come up with the same MF. If I add in the fees, the Cap cost comes to 1268, so if I add that together I get 51,833. Does this new number with the residual and MF plugged in get you the payment quoted? At first glance, it really seems like an inflated amount and an off the cuff amount.

Adding that in, I get $597/mo.+tax.. so, that just about matches their quote

kyfdx

colonelesq said:

What is the current MF/RV on a GS350 36/10? Any difference with the F-Sport? Thanks

Seeing a range of .00053-.00065 on the MF and a residual of 58%.
$4500 lease cash. Complimentary 1st payment.

F -Sport does not affect lease variables.

carmaster1

MSRP $56295
36mo/12k 
$520/mo incl. Tax
Zero down
2015 F sport  
Good deal in Texas?

pcar997

Any info on the MF and residual for 36month/10k here in Maryland? Are the MF set by Lexus financial or dealer? I was quoted a MF of 0.001 by a dealer and it sounded quite high compared to ones reported in this thread. My credit score is 800+.

Michaell

carmaster1 said:

MSRP $56295
36mo/12k 
$520/mo incl. Tax
Zero down
2015 F sport  
Good deal in Texas?

Selling price - or, better yet, net cap cost?

Looks good on the surface, especially if you're rolling the taxes into the lease.

Michaell

pcar997 said:

Any info on the MF and residual for 36month/10k here in Maryland? Are the MF set by Lexus financial or dealer? I was quoted a MF of 0.001 by a dealer and it sounded quite high compared to ones reported in this thread. My credit score is 800+.

LFS sets the 'base' MF, but the dealer can mark it up for extra profit.

36/10 for the GS350 are 58% and either .00053 or .00065 (region dependent).

$4500 lease cash and complimentary first payment.

carmaster1

Dealer says that selling price is $46000. Now he's offering a new payment of $490/mo with Texas tax rolled in and no first payment. How does it sound? 

johnl617

Carmaster, that is a great deal. I am currently looking at a GS350 FSport with a 59,500 MSRP. I wish I can get that car down to 500 a month. LOL. Im currently looking at 36/48months with 12K miles. Do you guys know if longer lease terms will sweeting the monthly payment? Is that how it works?

Michaell

johnl617 said:

Carmaster, that is a great deal. I am currently looking at a GS350 FSport with a 59,500 MSRP. I wish I can get that car down to 500 a month. LOL. Im currently looking at 36/48months with 12K miles. Do you guys know if longer lease terms will sweeting the monthly payment? Is that how it works?

Not necessarily. Longer terms have lower residuals which offset the extra payments. It all depends on what lease terms marketing wants to promote that month.

57% for 36/12 and 48% for 48/12

pcar997

Edmund's "build your own" on a F-Sport MSRP $57,630 resulted in a TMV $54,437 or $694 over invoice in DC area. Anyone seeing below invoice pricing?

spartan85

What is the residual and money factor for a 24 month GS 350 lease with 10,000 miles per year in Florida?

kyfdx

spartan85 said:

What is the residual and money factor for a 24 month GS 350 lease with 10,000 miles per year in Florida?

.00065 MF and 64% residual. $4500 lease cash. Complimentary 1st payment

spartan85

Thank you!

spartan85

Does Lexus typically offer a pull ahead or waiver program on their leases? If so, how far from end of lease?

Michaell

spartan85 said:

Does Lexus typically offer a pull ahead or waiver program on their leases? If so, how far from end of lease?

Don't have that information, sorry.

spartan85

ok thank you.

carmaster1

2015 GS350 F sport
MSRP $56295
Cap cost $50700
36mo./10k
MF .00095
$432/mo. Including Texas Tax
Zero down (first payment complimentary)
MSD $4050

Good deal? 

carmaster1

It is a total of 9 MSDs

Michaell

carmaster1 said:

2015 GS350 F sport
MSRP $56295
Cap cost $50700
36mo./10k
MF .00095
$432/mo. Including Texas Tax
Zero down (first payment complimentary)
MSD $4050

Good deal? 

$432/mo with tax on a $56K car is more than a good deal. The MSDs really help.

tkky1970

Could you please provide the MF and residual in Kentucky for a GS 350 for 24 months @ 12K and 15K?

Also, I live in a state that assesses personal property taxes on cars that are owned (or leased) as of January 1 of each year. Anyone know whether I could sign a contract today and take delivery on 1/2? It's another $600 savings.

Lastly, if I'd want to return a car a few days early, does anyone know what the procedure and cost is? Again, trying to avoid the ad valorem personal property tax.

Thanks.

Michaell

tkky1970 said:

Could you please provide the MF and residual in Kentucky for a GS 350 for 24 months @ 12K and 15K?

Also, I live in a state that assesses personal property taxes on cars that are owned (or leased) as of January 1 of each year. Anyone know whether I could sign a contract today and take delivery on 1/2? It's another $600 savings.

Lastly, if I'd want to return a car a few days early, does anyone know what the procedure and cost is? Again, trying to avoid the ad valorem personal property tax.

Thanks.

MF is .00053 or .00065; $4500 lease cash and complimentary first payment.

24/15 residual is 61%; add 2% for 12K

Regarding delivery, I think you'd have to talk to the dealer about that. They want to sell cars and get them out of inventory.

Once you've made the last lease payment, you should be free to return the car.

tkky1970

Thank you.Michael.

colonelesq

In Florida, I understand for a 36/10 lease on a GS 350, the RV/MF is 58%/.00065, correct? Is there any percentage discount I should expect from the dealer on a 2015 model not including the $4,500 lease cash? Thanks

kyfdx

colonelesq said:

In Florida, I understand for a 36/10 lease on a GS 350, the RV/MF is 58%/.00065, correct? Is there any percentage discount I should expect from the dealer on a 2015 model not including the $4,500 lease cash? Thanks

Also, complimentary 1st payment.

No idea on selling price, but if the factory is putting big incentives on the car, then the dealer discount should be good, as well. The advertised leases assume a dealer discount of around $2000, in addition to the lease cash.. I would shoot for at least $3000 off, if it were me.

carmaster1

I'm seeing $6500 dealer discount in addition to $4500 lease cash totaling $11000 off MSRP here in Texas.

toprackbbq

Looking at 2015 GS F Sport
MSRP 57K
$0 down drive off
36/15 for $493 or 24/15 for $568
Thoughts on deal and which term?

Michaell

toprackbbq said:

Looking at 2015 GS F Sport
MSRP 57K
$0 down drive off
36/15 for $493 or 24/15 for $568
Thoughts on deal and which term?

What's the selling price - or, better yet, the net cap cost since you're going with $0 drive off costs?

What state and tax rate is this?

toprackbbq

Michaell said:

Looking at 2015 GS F Sport
MSRP 57K
$0 down drive off
36/15 for $493 or 24/15 for $568
Thoughts on deal and which term?

What's the selling price - or, better yet, the net cap cost since you're going with $0 drive off costs? What state and tax rate is this?

Gross cap was around 43K with 7% Florida state tax..car itself discounted to 49K and then with rebates etc 43 gross cap. 

ipickit34

What are the mf and residual for calif for 10k annual miles at 24/36 months?