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2016 Lexus GX 460 Lease Questions

kyfdxkyfdx Posts: 120,284
edited January 2016 in Lexus
Ask your 2016 GX 460 lease questions here!

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

Edmunds Moderator

«13

Comments

  • verrucktverruckt Carlsbad, CAPosts: 7
    Hello-
    Looking for MF and RV on 2016 GX 460 base model. 36mo/12k mi
  • MichaellMichaell ColoradoPosts: 110,952
    verruckt said:

    Hello-
    Looking for MF and RV on 2016 GX 460 base model. 36mo/12k mi

    65% and probably .00180 MF

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

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  • verrucktverruckt Carlsbad, CAPosts: 7
    Thank you -

    Are the MF and RV numbers different for the Premium trim?
  • MichaellMichaell ColoradoPosts: 110,952
    verruckt said:
    Thank you - Are the MF and RV numbers different for the Premium trim?
    No. 

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I have an offer for a '16 GX460, Silver exterior, black interior, base + premium package, blind spot monitor, cargo mats/liners, leather trimmed steering wheel/nob, headlamp washers. $57,785 MSRP, offered at $54,900, 10k miles/year, 3 years lease. 62% residual and .0018 MF. Any concerns?
  • kyfdxkyfdx Posts: 120,284
    nycmcgcar said:

    I have an offer for a '16 GX460, Silver exterior, black interior, base + premium package, blind spot monitor, cargo mats/liners, leather trimmed steering wheel/nob, headlamp washers. $57,785 MSRP, offered at $54,900, 10k miles/year, 3 years lease. 62% residual and .0018 MF. Any concerns?

    That residual seems wrong for 36/10 for 2016. Should be 66%.

    62% is the 2015 model residual for 36/10.

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

    Edmunds Moderator

  • What is the current Residual and MF on a 2016 GX Base for a 12k 36 month lease?
    Dealer is telling me 12k @ 65%
    and MF of .0023
  • MichaellMichaell ColoradoPosts: 110,952
    nashdawg said:

    What is the current Residual and MF on a 2016 GX Base for a 12k 36 month lease?
    Dealer is telling me 12k @ 65%
    and MF of .0023

    I agree with the 65% residual. Base MF is, I think, around .00180 or so.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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  • soupguysoupguy Posts: 6
    edited February 2016
    I'm currently looking at the 2016gx460 lease deal of 499 a month for 36 months w/10k miles per year. MSRP is approximately 51350.

    Can you tell me the MF and RV for this month? Also, is it possible to negotiate the base MF lower depending on credit score and if I negotiate the price down to about 49500, how will that affect the lease? Will the RV be based on the original MSRP or the new negotiated number?

    thanks much
  • MichaellMichaell ColoradoPosts: 110,952
    soupguy said:

    I'm currently looking at the 2016gx460 lease deal of 499 a month for 36 months w/10k miles per year. MSRP is approximately 51350.

    Can you tell me the MF and RV for this month? Also, is it possible to negotiate the base MF lower depending on credit score and if I negotiate the price down to about 49500, how will that affect the lease? Will the RV be based on the original MSRP or the new negotiated number?

    thanks much

    66% and .00180 for 36/10. The MF is base and cannot go any lower except by using multiple security deposits.

    Every $1000 off the selling price reduces the pre-tax lease payment about $28/mo.

    Residual is always calculated against the bottom line number of the window sticker.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

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  • NJ Lexus Dealer quoted 66% RV and .00190 for current MF and not the .00180 Michaell quoted. I saw this on the "book" the guy pulled out of his desk. Is this correct for NJ or a customer only copy they like to use to up the MF?

    this is on the base GX460
  • MichaellMichaell ColoradoPosts: 110,952
    soupguy said:

    NJ Lexus Dealer quoted 66% RV and .00190 for current MF and not the .00180 Michaell quoted. I saw this on the "book" the guy pulled out of his desk. Is this correct for NJ or a customer only copy they like to use to up the MF?

    this is on the base GX460

    The .00180 was an educated guess on my part. Could very well be .00190 as the base MF.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stevebrostevebro Atlanta, GAPosts: 16
    I was quoted a 65% residual value today on a 36-month / 12k mile lease today for a 2016 GX460 Luxury. However, dealer quoted me their Tier 1 MF rate of .00290 which seems extremely high. It just isn't competitive compared to other vehicles we are considering.

    Is this the true Tier 1 MF for February or is the dealer marking this up? Should I consider shopping another dealer as their are 5 dealers in my area? Thanks.
  • MichaellMichaell ColoradoPosts: 110,952
    stevebro said:

    I was quoted a 65% residual value today on a 36-month / 12k mile lease today for a 2016 GX460 Luxury. However, dealer quoted me their Tier 1 MF rate of .00290 which seems extremely high. It just isn't competitive compared to other vehicles we are considering.

    Is this the true Tier 1 MF for February or is the dealer marking this up? Should I consider shopping another dealer as their are 5 dealers in my area? Thanks.

    I confirm the 36/12 residual as 65%, but I'm showing the base MF as .00190. Dealer can mark up the MF for extra profit.

    Absolutely suggest contacting the other dealers .. it only takes one to meet your numbers.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stevebrostevebro Atlanta, GAPosts: 16
    Michaell said:

    stevebro said:

    I was quoted a 65% residual value today on a 36-month / 12k mile lease today for a 2016 GX460 Luxury. However, dealer quoted me their Tier 1 MF rate of .00290 which seems extremely high. It just isn't competitive compared to other vehicles we are considering.

    Is this the true Tier 1 MF for February or is the dealer marking this up? Should I consider shopping another dealer as their are 5 dealers in my area? Thanks.

    I confirm the 36/12 residual as 65%, but I'm showing the base MF as .00190. Dealer can mark up the MF for extra profit.

    Absolutely suggest contacting the other dealers .. it only takes one to meet your numbers.
    Thanks Michaell for the quick response and confirming my suspicion. I will look to the other dealers to get a better deal. Much appreciated!
  • stevebrostevebro Atlanta, GAPosts: 16
    For the benefit of this forum, 3 other dealers confirmed that February base MF is .00190 and 65% residual on 36/12. They are hoping that March provides some financing incentives on the GX as they have not had any, with March being one of Lexus' 3 big sales events of the year.
  • MichaellMichaell ColoradoPosts: 110,952
    stevebro said:

    For the benefit of this forum, 3 other dealers confirmed that February base MF is .00190 and 65% residual on 36/12. They are hoping that March provides some financing incentives on the GX as they have not had any, with March being one of Lexus' 3 big sales events of the year.

    Thanks for the update ... the GX is not a big seller, so I'm guessing that Lexus doesn't see much need to lower the MF by much, even if they do decide to.

    I think I saw the MF around .00140-.00155 at some point last year.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stevebrostevebro Atlanta, GAPosts: 16
    Michaell said:

    stevebro said:

    For the benefit of this forum, 3 other dealers confirmed that February base MF is .00190 and 65% residual on 36/12. They are hoping that March provides some financing incentives on the GX as they have not had any, with March being one of Lexus' 3 big sales events of the year.

    Thanks for the update ... the GX is not a big seller, so I'm guessing that Lexus doesn't see much need to lower the MF by much, even if they do decide to.

    I think I saw the MF around .00140-.00155 at some point last year.
  • stevebrostevebro Atlanta, GAPosts: 16
    Michaell, any update on the March money factor for the GX460? Thanks.
  • MichaellMichaell ColoradoPosts: 110,952
    stevebro said:

    Michaell, any update on the March money factor for the GX460? Thanks.

    Limited numbers so far in March; 36/10 residual of 66% and .00190 MF.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stevebrostevebro Atlanta, GAPosts: 16
    Michaell said:

    stevebro said:

    Michaell, any update on the March money factor for the GX460? Thanks.

    Limited numbers so far in March; 36/10 residual of 66% and .00190 MF.
    Thanks Michaell. I confirmed with dealer I am working with that .00190 and 65% for 36/12. Appreciate all the help!
  • bryan_kbryan_k Posts: 23
    Hi, would you be able to supply the RV and MF for a 45/10 & 45/12? Any difference in RV between premium and luxury?

    Thanks!
  • MichaellMichaell ColoradoPosts: 110,952
    bryan_k said:

    Hi, would you be able to supply the RV and MF for a 45/10 & 45/12? Any difference in RV between premium and luxury?

    Thanks!

    60% / 59% and .00190. No difference between trims.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bryan_kbryan_k Posts: 23
    Michaell said:

    bryan_k said:

    Hi, would you be able to supply the RV and MF for a 45/10 & 45/12? Any difference in RV between premium and luxury?

    Thanks!

    60% / 59% and .00190. No difference between trims.
    Thank You!
  • borg1of2borg1of2 Posts: 87
    My lease math using edmunds calculator and dealer lease are far off. What lease payment do you get?

    2016 Lexus GX Premium
    36/10 lease
    MSRP $58,500
    Purchase Price $53,250
    $1,000 out of my pocket to take care of first payment/fees

    I am in Tampa FL with tax at 7%

    Thanks
  • MichaellMichaell ColoradoPosts: 110,952
    borg1of2 said:

    My lease math using edmunds calculator and dealer lease are far off. What lease payment do you get?

    2016 Lexus GX Premium
    36/10 lease
    MSRP $58,500
    Purchase Price $53,250
    $1,000 out of my pocket to take care of first payment/fees

    I am in Tampa FL with tax at 7%

    Thanks

    66% and, I think, .00190.

    Using your prices, I get $622/mo with tax included.

    However, I suspect the adjusted cap cost is different than your purchase price - $1000 to start isn't enough to cover all the up front costs.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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  • olek__solek__s Posts: 1
    HI. This was my first lease, NJ state 03/19/16 :
    Base model MSRP 51750
    45month/10000 miles
    6800 cash at signing (4500 security deposit + 2300(registration+acquisition+decument+tire tax & EPA fee+first payment))

    Gross Capitalized cost 47860 + 1500 tax = 49360
    Residual Value 31050.

    Monthly payment $485.

    Did I overpaid a lot?

  • kyfdxkyfdx Posts: 120,284
    olek__s said:

    HI. This was my first lease, NJ state 03/19/16 :
    Base model MSRP 51750
    45month/10000 miles
    6800 cash at signing (4500 security deposit + 2300(registration+acquisition+decument+tire tax & EPA fee+first payment))

    Gross Capitalized cost 47860 + 1500 tax = 49360
    Residual Value 31050.

    Monthly payment $485.

    Did I overpaid a lot?

    Looks like you did pretty well. I don't like leasing for 45 months, but your payment is good, considering the popularity of this model.

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

    Edmunds Moderator

  • Hello,

    Can you tell me the current RV and MF on a 2016 GX 460 Base in Southern California please.

    Thank you very much in advance.
  • kyfdxkyfdx Posts: 120,284
    cooleyo15 said:

    Hello,

    Can you tell me the current RV and MF on a 2016 GX 460 Base in Southern California please.

    Thank you very much in advance.

    .00190 MF and 63% residual for 36 mo, 15K/yr

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

    Edmunds Moderator

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