2013 and earlier Lexus GX 460 Lease Questions
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My question for xhristina then is was your price with or without taxes, and how many miles did you get per year? Also, did they give you the rear dvd system along with the navigation?
We negotiated quite a long time with these folks. So if you were able to get $617 with only $1200 down I would think that's really a great deal.
I'm looking to do either a 36 or 48 month lease with 15K mi per year - do you have MF and residuals for September? (top tier credit)
Also, are you aware of any factory to dealer incentives for this month? If not should I gamble and wait until October?
Looking at a 2006 with Nav & DVD in CT.
MSRP: $56,603
Invoice: $49,389
Dealer offer: $50,889
I'm inclined to wait for it to drop below invoice, but maybe the demand is more significant than I think.
Thanks!
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MSRP $53,318
Invoice $44,997
Thanks,
Bill
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I just received an e-mail from a Lexus dealership in Southern CA that says that the December To Remember event has begun. The e-mail does not mention any specifics other than the deal runs through Dec. 31, 2006. Can you confirm if the December To Remember event has in fact begun? If the December To Remember event has begun can you tell me what the money factor and residual are for a 2007 GX470 with RSE & NAV for 36 mos. with both 12K and 15K? Also, can you tell me if the residual is the same for a 2007 GX470 with the RSE & NAV and a 2007 GX470 loaded with the Sport Package?
Thanks,
JD
Bay Area Calif.
GX470
Nav, Mark L audio, towpkg, 3rd seat, mats, spoiler, pref accessory pkg.
36 months, 12000 miles
Excellent credit: 800+
Msrp: 54048 + 400 for XM radio.
Offer (Cap price): 45852
Invoice: 47042 + 400 (for XM)
Money factor: .00275
I forgot the residual %.
20 cents per mile over the limit.
Money down: 1070
Pmt incl. tax: 700.45
Is this a good deal? What are the .0017 rates above, are they better?
My dealer said that his quotes was a December to Remember deal.
Can you tell me the money factor and residual Lexus is offering on the GX470 for a 36 month, 10k/yr lease during the December to Remember sales event?
Thanks
My personal experience was that the December to Remember deals are the best around, and never got more favorable again. I leased (but could have also purchased) at invoice, and my money factor was.0012 with tier 1 credit, Zero down, 15k miles per year for 36 months. Took a friend with me, and they made her a deal at invoice if she bought that day.
Good luck with your purchase, don't hesitate to look for a bargain, they are out there if you are willing to look.
Happy Hunting.
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I assume I could get the "December to Remember" deal (by 1/2) and take delivery later in January? Is this worth it?
I just leased a 2007 GX470 $565 a month. Options: NAV,3rd row seat,rear spoiler, tow, preferred package
Details:
MSRP $53,894
Aquisition Cost: $47,352 (includes Regional Mktg/Adv)
12,000 miles annual
36 months
RV 57%
9 security deposits
MF .00133
$0 down (no cap reduction)
$600 acquisition fee
Taxes,Title/Registration included
Monthly Payment $565
Hope this helps!
Can you clarify two things? What was the 9 security deposits you mentioned? Also, I assume the $565/month was excluding taxes?
The $565 excludes taxes. My taxes are paid as a part of the December to Remember.
Thanks and again, great deal!!
Jason
Jason
In my case, the 9 add'l security deposits were about $4,500.
I would highly recommend this approach vs. putting money down upfront. The reason being is that at the end of the lease you get your security deposits back...so at the end of my lease I get my $4500 back...where as with the down payment/cap reduction you lose that money.
I would recommend that you print out my earlier note with the lease detail, take it to your local Lexus dealer, and ask them to match this offer. We live in the Dallas metroplex and both delears were competiting for my business. Do your homework and be prepared to walk out the door.
Good luck!
I rec'd a similar deal to Hoggolfer last January on a fully loaded GX minus KDSS. My payment is 635 total, but I did not pay the security fees or a down payment. My MF at that time was .0012/ vehicle was at invoice whether I bought or leased. Hoggolfer got a stellar deal too, and if you are willing to shop a few hungry dealers, you should be able to do just as well. Bought mine in SoCal.
Have fun!
So, it looks like I can do much better, huh?
What do I use as a negotiation tactic? I am so bad at this...
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I recently requested lease quote for 36 Mo. 12K mi/yr and no down in So. Cal. for GX w/ Nav, Third row seat and DVD ent. I rec'd 3 so far: $777+tax, $754+tax and $710+tax. Do you think these are still too high? I own ML320 and I have no rush. What do you suggest? -- wait or go more aggressive?? BTW, what are current MF and LRV?
Residual Value
The QX56 was quote at
51% 36 months
31% 48 months
Does any one know what the residual is on
The GX470 for 36 and 48 months. also what are the teir levels for Lexus on the credit. I have a 720 Am I on the low end?
Hoggolfer -- do you think it's a fairly ok deal or should I try harder??
Can you please post the current March resdiual and MF for the GX 470. I am just about to start negotiations toward the end of this month and would like to be armed with current info. I need the rates for both RSE and w/o please.
Thanks in advance
Lexus is not currently providing any lease money factor support on the 2007 GX 470. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease money factor. Its buy rate standard factor varies slightly by region, but it should currently be around .00275 for consumers who qualify for its "Tier 1+" credit tier. Its current 36 month, 12,000 mile per year residual value for an '07 GX 470 without the entertainment system option is 56%.
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I do not understand how to interpret those lease numbers. We are looking to lease an '97 GX 470 with no options other than the 3rd row. We have good credit, so I asssume we'll qualify for Tier 1.
What exactly should we be asking the dealers and what numbers should we be looking at. We are starting competitive pricing now and want to take the vehicle by the end of the month. ALL HELP IS GREATLY APPRECIATED -- We are very confused!!!
Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GX470 without the entertainment system and with 15,000 miles per year are .00275 and 54%, respectively for Tier 1+ customers. The numbers for an otherwise identical 48 month lease are .00275 and 44%.
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