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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

13567…31

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  • ginfayginfay Posts: 2
    You should be able to get this deal anywhere up until the end of July.
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  • lookn4leaselookn4lease Posts: 11
    The money factor now is .00096 according to two dealers as of last week. :)
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  • BushwackBushwack Posts: 258
    Car man,

    As the author of the previous post stated, it seems the money factor has lowered on a GS 300 RWD. Could you please confirm?

    Also, could you please work up some numbers (or confirm the mf and residual) for a 36 mo/10,000 mile and a 36 mo/12,000 mile lease for the GS 300 RWD (here in Los Angeles). My FICO hovers around 770 - that should be Tier 1 for Lexus, correct?

    MSRP: $50,490
    Selling price: $45,600 (includes destination, excludes taxes - 3.5% over invoice).

    Side note: Do you have the mf and residual for the upcoming GS 350 RWD? Thank you.
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  • lookn4leaselookn4lease Posts: 11
    Last week I leased the 2006 GS300 RWD w/ NAV ($48,424 MSRP)-36 mo/12k miles for $590 with a $2500 drive off. I think I could have done better but it was hard to find the color combination I wanted so I caved. I'd like to hear what other deals people get.
    Over the six months I worked on getting this car, I found that most dealers did not want to seriously negotiate by phone/email. I suppose they want to prevent customers from from playing them off each other and/or get us to commit the time to going to them.
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ginfay. When trying to determine if a quote is a good deal, it helps to know the vehicle's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The selling price shows you how much of a discount you are being given and it enables you to calculate what your car's lease payment should be. I;d be happy to give you my opinion of this deal if you let me know what this car's selling price is. For now I can tell you that I would eliminate the $2,500 down payment if I was in your situation. Consumers who make large down payments on leased vehicles risk losing them if their leased vehicles are totaled in an accident or stolen and never recovered.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey smith000. Lexus Financial Services' new buy rate lease money factor and residual value for a 36 month lease of a 2006 GS 300 2WD with 15,000 miles per year are .00067 and 48%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Bushwack. On July 26th, Lexus introduced its "Golden Opportunity Sales Event." Its new buy rate lease money factor for the 2006 GS 30 2WD is .00067 for consumers who qualify for its Tier 1+ credit tier. Using this money factor, an MSRP of $50,490, and a selling price of $45,600, I estimate that this car's 36 month, 12,000 mile per year, zero down, pre-tax monthly payment would be around $613. With only 10,000 miles per year, this payment would drop to around $600. I do not believe that Lexus has published residual values for the 2007 GS yet.

    Car_man
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  • BushwackBushwack Posts: 258
    Thanks Car-man for the lease information.
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem Bushwack. Let me know if you have any other questions.

    Car_man
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  • mnokermnoker Posts: 28
    anyone got the lease numbers for the gs300 for this month
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  • rjwatlrjwatl Posts: 5
    Do you have the residual values and money factor for a GS 300? I'd like to know residual values for both 12k/yr and 15k/yr. at 36 months and 39 months. Also, when does Lexus' Golden Opportunity expire? I'm trying to decide whether to lease now or several weeks from now.

    Thanks for your help.
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I sure do, mnoker. This car's lease program varies depending upon how long you lease it for and its mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Through September 4th, Lexus financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2006 Lexus GS 300 2WD are .00067 and 48%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rjwatl. Check out my previous post for the information that you are looking for. This car's 39 month money factor is the same, but its 15,000 mile per year residual value is 45%. If you go with 12,000 miles per year, this car's residual values will be 2% higher.

    Car_man
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  • felke001felke001 Posts: 33
    Car man-
    Now that the 07 GS350 is out, do you have September numbers for this car

    36 mos, 12K miles?

    Thanks in advance.

    Mike
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  • lexus350lexus350 Posts: 2
    I just bit the bullet and ordered the 350 RWD. Because the dealer didn't have my color choice in stock, the car is being made to order.

    The color i chose was the black saphire pearl with the following options:

    Navi
    18"
    Vent. Seats
    Power rear sunshade

    I don't remember what the final price for the car was, but the payment was $3K down, $770/month, 36 mnths 12K miles/ year

    Does that sound like a fair deal to everyone? I put a refundable deposit down while they locate/build my car :)
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  • hellgethhellgeth Posts: 6
    HEY CAR MAN, :confuse: I am about to lease a 2006 GS 330 AWD. The September Sales event is over as of the 4th, but I was told I can still get the deal that was offered. I guess the money factor. What Should I try to get off the MSRP. Also, what is the money factor and how do you figure it in, (the formula). I will have a trade with negitive equity put into the lease, besides paying that in the monthly payment, will that affect the money factor. I am probably a tier 1 maybe a tier 2 credit risk. Any help would be so greatly smiled upon, THANKS!!!!
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  • hellgethhellgeth Posts: 6
    Ops, It would be a 48 month lease, with a $1000.00 down
    12,000 mile per year!

    I hope that all the information you'll need. Thanks so much for your time and help! :sick:
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  • felke001felke001 Posts: 33
    Not carman, but the car you are referring to doesn't exist

    if I'm not mistaken,
    there is a 2006 GS300 AWD or RWD, 2006 GS430 (RWD only)

    2007 GS350 AWD or RWD, 2007 GS450H (RWD hybrid)
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  • hellgethhellgeth Posts: 6
    Yes, I am sorry GS 300 AWD, A tad tired this morning.
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  • djdezdjdez Posts: 79
    Car_man, could you please let me know what the residuals/money factors are for September on remaining GS300's ? I'm looking for 36 months and 12000 miles ...

    I just got an email from a Lexus dealer who knew I was interested, saying that the Summer Event has been extended - I just wanted to know if the money factor may have gotten even better !

    Thanks !!!
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  • leland1leland1 Posts: 1
    Hello there, I was wondering what the residual value and money factor are for a 2007 GS 350, without navigation, 10k miles per year. Thank you.
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  • hellgethhellgeth Posts: 6
    Hey DjDez I know for a fact the 48 month money factor on a 06 GS 300 is.00067, Tier 1 Plus credit, a FICO score over 730. You can always call a few dealers and just ask them. Sometimes they'll say its a bit higher, trying to cushion them selves more profit. For example, I called a few dealers and I was quoted a money factor from .00099 down to .00067. I don't know the 36 month though. I am still deciding myself whether now is the time to pull the trigger or not. GOOD LUCK!
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, Mike. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 2WD with 12,000 miles per year are .00275 and 53%, respectively for consumers who qualify for its "Tier 1+" credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings lexus350. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    What you were told iss correct, hellgeth. Lexus is still providing a special lease money factor of .00067 on the 2006 GS 300 for consumers who qualify for its "Tier 1+" credit tier this month. I believe that its "Tier 1" factor is .00010 higher. I'm not sure what its special money factors are for other credit tiers. The fact that you are trading in a vehicle that you have negative equity in will not have any impact upon your car's money factor. It will increase its capitalized cost, and in turn its monthly payment though. The following article describes the formula that is used to calculate lease payments in great detail: Calculate Your Own Lease Payment. You may be able to get an idea of how much you should pay for this car right now by visiting the following discussion: "Lexus GS: Prices Paid & Buying Experiences".

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, djdez. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 GS 300 with 12,000 miles per year are .00067 and 50%, respectively. I believe that this is the same exact money factor that was available on this car last month.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi leland1. This car's lease program varies depending upon how long you lease it for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 with 12,000 miles per year are .00275 and 60%, respectively. I am not sure if LFS offers leases with only 10,000 miles per year, but if it does its residual value for leases with that mileage allowance would likely be 1% higher than its 12,000 mile per year residual values.

    Car_man
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  • djdezdjdez Posts: 79
    Thanks Car_man !!!

    Do you know if there are any special rates on a 24 month lease for the remaining '06 GS300's ?

    What might the money factor and residual be on a 24 month lease with 12000 miles .. is there even a good deal available ?

    Thanks again !
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  • wantabentleywantabentley Posts: 31
    Car Man - Compared GS350 residuals to BMW530i, MB E350 and Infiniti M class + they their respective companies are offering MUCH better residuals. Any reason as I thought Lexus would hold up in residual value about the same but apparantly not.
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  • ashleaselexusashleaselexus Posts: 1
    Hello Car_Man,

    Do you know what are the values for Lease money factor and residual value on LS350 2007 model?
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