2015 Lexus GX 460 Lease Questions

pasken

Looking to lease a 2015 GX460 base (non-premium package). What is the current MF? and Residual for 7.5k and 10k miles on a 36 month lease? Also do you know if Lexus does multiple security deposits to lower MF (like bmw does)? Thank you

kyfdx

pasken said:

Looking to lease a 2015 GX460 base (non-premium package). What is the current MF? and Residual for 7.5k and 10k miles on a 36 month lease? Also do you know if Lexus does multiple security deposits to lower MF (like bmw does)? Thank you

.00105 MF and 61%/60% residual.

Lexus does have an MSD program, but I'm not sure of the discount per SD or the amount of MSDs allowed.

gxjose

Stupid question - Dealer trying to convince me to take a 7,500 mile lease to lower my payment knowing I need at least 15,000 per year. Since I typically end up trading in for a new lease before my lease expires (usually above miles), am I gambling with the resididual value at the time of future trade in? The dealer told me they really don't focus on the mileage on the trade in. Their focus is to get me into a new car (Dealer talk) My trade in now over mileage and they are giving me a credit of close to $2,000, so their might be some truth to that. Thoughts?

Also, what is the residual for a 36 month 7.5k/10k/12K and 48 month 7.5/10k/12k. Any help is greatly appreciated.

Michaell

gxjose said:

Stupid question - Dealer trying to convince me to take a 7,500 mile lease to lower my payment knowing I need at least 15,000 per year. Since I typically end up trading in for a new lease before my lease expires (usually above miles), am I gambling with the resididual value at the time of future trade in? The dealer told me they really don't focus on the mileage on the trade in. Their focus is to get me into a new car (Dealer talk) My trade in now over mileage and they are giving me a credit of close to $2,000, so their might be some truth to that. Thoughts?

Also, what is the residual for a 36 month 7.5k/10k/12K and 48 month 7.5/10k/12k. Any help is greatly appreciated.

I wouldn't take a lower mileage lease knowing you'll go over. You are responsible for the cost of those miles, either through the residual established at the beginning of the lease or by paying the extra mileage cost at the end. They don't just "go away".

I don't understand when you say the "dealer is giving me a credit of close to $2000" - your trade in has a specific payoff (residual + mileage charge) and a specific trade value.

For the residual on the new car, is this for the base or the premium version of the GX?

kyfdx

gxjose said:

Stupid question - Dealer trying to convince me to take a 7,500 mile lease to lower my payment knowing I need at least 15,000 per year. Since I typically end up trading in for a new lease before my lease expires (usually above miles), am I gambling with the resididual value at the time of future trade in? The dealer told me they really don't focus on the mileage on the trade in. Their focus is to get me into a new car (Dealer talk) My trade in now over mileage and they are giving me a credit of close to $2,000, so their might be some truth to that. Thoughts?

Also, what is the residual for a 36 month 7.5k/10k/12K and 48 month 7.5/10k/12k. Any help is greatly appreciated.

4% of MSRP for the extra 30K miles on a 36 month lease... I'd want the correct mileage allowance, so I didn't feel pressured into making a choice I don't want, later down the line...

99bula

Hi. Could I get the MF and residual for a GX460 base, 12k/15k miles per year, 36 months? Also, are they still offering a rebate? First payment free?

Thanks!

kyfdx

99bula said:

Hi. Could I get the MF and residual for a GX460 base, 12k/15k miles per year, 36 months? Also, are they still offering a rebate? First payment free?

Thanks!

.00105 MF and 59%/57% residual.

Haven't seen any rebates or complimentary payments on the GX model.

mrmafillicutti

Hola

I'm looking for MF and Residual for a 2015 base and premium in Seattle for 36/mo - 12k and 15k/yr

Thanks

Michaell

mrmafillicutti said:

Hola

I'm looking for MF and Residual for a 2015 base and premium in Seattle for 36/mo - 12k and 15k/yr

Thanks

36/15 numbers:

Base - 57% and .00105

Luxury - 57% and .00155

Add 2% for 12K

suvindc

Can you share May MF and residual at this time? How many MSD does Lexus allow? We are looking at the following model and want to confirm before reaching out or visiting Dallas area dealers. Thank you again.

GX460
36 months
Base / Luxury
10,000 miles / 12,000 miles

kyfdx

suvindc said:

Can you share May MF and residual at this time? How many MSD does Lexus allow? We are looking at the following model and want to confirm before reaching out or visiting Dallas area dealers. Thank you again.

GX460
36 months
Base / Luxury
10,000 miles / 12,000 miles

The current program runs through May 4th... new numbers aren't effective until Tuesday, May 5th (and, we don't have them, yet)

carforslitch

looking for current mf and residual numbers for gx460 base with premium package added on and luxury, 7500/36 months and 10/36. thanks.

kyfdx

carforslitch said:

looking for current mf and residual numbers for gx460 base with premium package added on and luxury, 7500/36 months and 10/36. thanks.

.00155 MF and 61%/60% residual

suvindc

I am working on a deal on a 2015 GX460. Optional equipment includes Premium package, blind spot, etc, adding up to $6k. Sell price is $55k and after (TX) taxes and fees (doc, inspection, title, road & bridge) the selling price is$59k.

Lease is $708 a month for 36 months/10k miles with $5k due at signing. Is there room to lower the monthly payment on this vehicle without putting money down? Aiming for low, low 6s. Residual is $34.9k.

Michaell

suvindc said:

I am working on a deal on a 2015 GX460. Optional equipment includes Premium package, blind spot, etc, adding up to $6k. Sell price is $55k and after (TX) taxes and fees (doc, inspection, title, road & bridge) the selling price is$59k.

Lease is $708 a month for 36 months/10k miles with $5k due at signing. Is there room to lower the monthly payment on this vehicle without putting money down? Aiming for low, low 6s. Residual is $34.9k.

36/10 numbers on the GX460 with Premium package are 60% and .00155.

Reversing your residual gives me an MSRP of $58,167. With your net cap cost of $59,000, I get a lease payment of $763.49.

You mentioned $5K due at signing ... what is the break down of that amount? I don't see getting into a payment of under $650/mo unless you put major money down as cap cost reduction (which we don't recommend) or getting another $5K off the selling price, before taxes and fees (every $1000 off the selling price reduces your payment about $28/mo on a 36 month lease).

suvindc

Thanks for the quick reply. Regarding your inquiry of $5k due at signing, I originally thought it was sales taxes and fees but I am confirming with dealer.

carforslitch

kyfdx said:

carforslitch said:

looking for current mf and residual numbers for gx460 base with premium package added on and luxury, 7500/36 months and 10/36. thanks.

.00155 MF and 61%/60% residual

Can you please let me know the MF for tier 1 and tier 2 using the above numbers of 7500/36?

Michaell

carforslitch said:

kyfdx said:

carforslitch said:

looking for current mf and residual numbers for gx460 base with premium package added on and luxury, 7500/36 months and 10/36. thanks.

.00155 MF and 61%/60% residual

Can you please let me know the MF for tier 1 and tier 2 using the above numbers of 7500/36?

.00165 or .00200

carlgrim

Could you please provide Residual and Money Factor 36/12K for a Premium GX460 in Southest Florida? (Miami)

Thank you;

kyfdx

carlgrim said:

Could you please provide Residual and Money Factor 36/12K for a Premium GX460 in Southest Florida? (Miami)

Thank you;

.00155 MF and 59% residual

mallein

Hi. What is the MF and residual % for an 39month/12/15k lease in California-Bay Area? We are on the fence between the base and premium, so both if possible. Also, what is the best term for June? Thanks

Michaell

mallein said:

Hi. What is the MF and residual % for an 39month/12/15k lease in California-Bay Area? We are on the fence between the base and premium, so both if possible. Also, what is the best term for June? Thanks

36/15 - 57% for both trim levels.

.00105 MF for base; .00155 for Luxury/Premium

mallein

Sorry for the confusion in my post. Please provide the MF and residual for 12k/year for 36, 48 and 60. Also, what's the adjustment for 10k miles? Thanks.

Michaell

mallein said:

Sorry for the confusion in my post. Please provide the MF and residual for 12k/year for 36, 48 and 60. Also, what's the adjustment for 10k miles? Thanks.

MF is the same as posted above

36/12 - 59%
48/12 - 50%
60/12 - 40%

Add 1% for 10K miles

bulldog84

Looking for MF and residual values on LX 460 premium on 42 month lease with 12k miles per year. Thanks!

Michaell

bulldog84 said:

Looking for MF and residual values on LX 460 premium on 42 month lease with 12k miles per year. Thanks!

54% and .00155

Patelshivam94

Can I get the July numbers please for 2015 Lexus GX460 36/15 and 27/15. Both base and Premium Trims. Thanks, in advance. 

Michaell

Patelshivam94 said:

Can I get the July numbers please for 2015 Lexus GX460 36/15 and 27/15. Both base and Premium Trims. Thanks, in advance. 

66% for 27/15 and 59% for 36/15 - both trims.

Base - .00105

Premium - .00155

mkupneski

I have a question about the Lexus GX460 lease programs.
I asked about the current GX460 lease special (489+tax with 2999 down). The dealer is stating title fee, doc fee, and ACQUISITION fees are separate from the 2999 down. I suspect the doc and title fee would not be included based upon the disclosure. However, I did not expect a $700 acquisition fee to be additional too. Does this sound like the dealer is being honest with me? Also, the dealer price for the GX460 base is only $1600 off MSRP. What does everyone think about the added ACQUISITION fee and the purchase price? Thanks.

Michaell

mkupneski said:

I have a question about the Lexus GX460 lease programs.
I asked about the current GX460 lease special (489+tax with 2999 down). The dealer is stating title fee, doc fee, and ACQUISITION fees are separate from the 2999 down. I suspect the doc and title fee would not be included based upon the disclosure. However, I did not expect a $700 acquisition fee to be additional too. Does this sound like the dealer is being honest with me? Also, the dealer price for the GX460 base is only $1600 off MSRP. What does everyone think about the added ACQUISITION fee and the purchase price? Thanks.

Yes, the $2999 is purely down payment; all other fees and taxes are extra.

You can do better than the advertised deal, with some shrewd negotiating.

kyfdx

mkupneski said:

I have a question about the Lexus GX460 lease programs.
I asked about the current GX460 lease special (489+tax with 2999 down). The dealer is stating title fee, doc fee, and ACQUISITION fees are separate from the 2999 down. I suspect the doc and title fee would not be included based upon the disclosure. However, I did not expect a $700 acquisition fee to be additional too. Does this sound like the dealer is being honest with me? Also, the dealer price for the GX460 base is only $1600 off MSRP. What does everyone think about the added ACQUISITION fee and the purchase price? Thanks.

Actually, the advertised lease is for $489/mo. with $2999 due at signing, not $2999 down payment.

The due at signing is $1810 downpayment, $700 acquisition fee and $489 1st payment). The dealer discount from MSRP is $2650. This is on a vehicle with an MSRP of $50,410.

Of course, tax, title/registration and dealer garbage fees will be extra. BUT, that advertised price includes the acquisition fee.

odessit2

What are July numbers for the GX460 Luxury? 24(27)/15K or 36(39)/15K

Thank you!

kyfdx

odessit2 said:

What are July numbers for the GX460 Luxury? 24(27)/15K or 36(39)/15K

Thank you!

.00155 MF and 68%/66%/59%/57% residual

ruckus88

My deal on a 2015 GX460 Premium in NJ . Details below:

Monthly payment: 525 @ 36 mos (12k yearly)
MSRP: 56,949
Gross Cap Cost: $50,002

Due at signing:
first month payment: 525
refundable security deposit: 4950
Tax + fees: ~2800

Resid: 33,599.91

Michaell

ruckus88 said:

My deal on a 2015 GX460 Premium in NJ . Details below:

Monthly payment: 525 @ 36 mos (12k yearly)
MSRP: 56,949
Gross Cap Cost: $50,002

Due at signing:
first month payment: 525
refundable security deposit: 4950
Tax + fees: ~2800

Resid: 33,599.91

Very nice deal. Thanks for checking in, and enjoy your new Lexus!

lwalker4

What are the Golden Opportunity numbers? Looking to do something this month.

Base vs Premium?
36 vs 48 month?
10k vs 12k?

Thanks!

Michaell

lwalker4 said:

What are the Golden Opportunity numbers? Looking to do something this month.

Base vs Premium?
36 vs 48 month?
10k vs 12k?

Thanks!

36/12 - 61%
48/12 - 52%

Add 1% for 10K

MF for Base trim - .00105
MF for Premium trim - .00155

Joshua Sells

Hey guys...just got a new lease on a 2015 GX460 Premium .... 48 months / 15,000 miles per year. MSRP $56,850 ..Sell price of $53,850 ... MF of 0.00155 , residual of 50% .... monthly payment of $718 (includes tax rolled into monthly payment) ....$0 downpayment.

Michaell

jmsells said:

Hey guys...just got a new lease on a 2015 GX460 Premium .... 48 months / 15,000 miles per year. MSRP $56,850 ..Sell price of $53,850 ... MF of 0.00155 , residual of 50% .... monthly payment of $718 (includes tax rolled into monthly payment) ....$0 downpayment.

Congrats! Thanks for checking in and sharing your deal with us.

Enjoy the new GX!

hiya4

Please give me your thoughts on this lease. Seems like I could do better. GX460 with premium package. MSRP 56,580, sale price 51,800 plus $199 admin fee. Residual value $35,079. Pay $3119 at signing includes 1st mo payment and $2400 down . $635/mo for 36 mos 12K miles with taxes included in payment.

kyfdx

hiya4 said:

Please give me your thoughts on this lease. Seems like I could do better. GX460 with premium package. MSRP 56,580, sale price 51,800 plus $199 admin fee. Residual value $35,079. Pay $3119 at signing includes 1st mo payment and $2400 down . $635/mo for 36 mos 12K miles with taxes included in payment.

.00155 MF and 61% residual

Payment seems about right.. No incentives on this model, so not a bad price.

hiya4

Thanks for the fast response. Do you think any incentives are coming? I'd like to get closer to the golden opp numbers on this model...

kyfdx

hiya4 said:

Thanks for the fast response. Do you think any incentives are coming? I'd like to get closer to the golden opp numbers on this model...

Incentives are rare on the GX. That said, we have no crystal ball.

mbgm12

Have the new Lexus numbers come out? Looking for a 36mo with 12k on the GX 460

Michaell

mbgm12 said:

Have the new Lexus numbers come out? Looking for a 36mo with 12k on the GX 460

.00105 for base; .00155 for Premium/Luxury

61% residual for all trims.

mbgm12

Thank you!

hirenarora

I am planning to get a Gx460 for the Wife.
Here are the dealer's numbers. 
2015 Gx 460 base.
15k/36 mos zero down
Msrp: $50,930
final price: $ 48,350
residual: $31,792
Mf: .00205.
sales tax: 5%
monthly payment: $775.

I think its quite high. First time leasing. Any help would be appreciated. 

Michaell

hirenarora said:

I am planning to get a Gx460 for the Wife.
Here are the dealer's numbers. 
2015 Gx 460 base.
15k/36 mos zero down
Msrp: $50,930
final price: $ 48,350
residual: $31,792
Mf: .00205.
sales tax: 5%
monthly payment: $775.

I think its quite high. First time leasing. Any help would be appreciated. 

Base MF for the GX460 base is .00105, so your dealer is marking up the MF for more profit.

59% residual.

With your MSRP and selling price, and using the base MF, I get $620/mo with tax.

Find out what the net cap cost is - if it's higher than the selling price, have the dealer explain why.

hirenarora

Thanks for the response. I just cannot seem to find a dealer close to this price(620).  Every dealer has quoted me around $750s. They are arguing the lease calculators are wrong. 

Michaell

hirenarora said:

Thanks for the response. I just cannot seem to find a dealer close to this price(620).  Every dealer has quoted me around $750s. They are arguing the lease calculators are wrong. 

Well, my calcs could be wrong, too, if the net cap cost is higher than the selling price. Find out what the net cap cost is for these offers, then we'll know where the difference is.

Just like high school, make them show their work - calculating a lease payment isn't rocket science, it's 4th grade math. They want to hide the numbers from you to jack up the payment.

And, MF could be marked up as well.