Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

2013 and earlier Lexus GX 460 Lease Questions



  • Hello Car_man,

    Do you know if the money factory (.00255) and the residual value (58%) negotiable? or they are fixed?
  • MF was .00255

    Nothing down, just the drive-off of $1179

    I think I got a good price on the GX, but the MF isn't the best, but that was the deal. I am now looking at a is250 and the MF on those are much better: .00135.

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi neelkamal. Vehicles' residual values are set by banks and individual dealers do not have the authority to alter them. On the other hand, while dealers can not lower banks' buy rate lease money factors they are often allowed to mark them up to add additional, hidden profit to deals. That is why it is important to always find out what the buy rate is for the vehicle that you are interested in leasing. Lexus is not currently providing any lease support on the GX 470, however Lexus Financial Services did recently lower its buy rate standard money factor to .00235. Make sure that the dealer you lease from uses this factor to calculate your payment.

    Prices Paid: Buying & Leasing Experiences Forum
  • Just stopped by a dealer in dallas to work out a deal on the GX470. they said the money factor was .0035 and the payment was 810 a month for 48 months with tier 1 credit. Does that seem high?
  • topgun26topgun26 Posts: 16
    Here is a deal I recieved on a 08 GX470 with nav, dvd, and sat radio
    $743 per month, taxes in payments and no money down, just security bank fee, dmv and 1st month. its for 36 months and 12k miles. Any opinions of this deal? Thanx!
  • louiesmomlouiesmom Posts: 10
    I am going tomorrow to finalize a lease that I have been 'working on' all week.
    Here are the numbers:
    08 GX470
    MSRP: $52589
    Neg Price:$45419

    12k/year 48 months
    Nav, Mark L audio (bluetooth, back up camera etc), towpkg, 3rd seat, mats, spoiler, pref accessory pkg.
    Blizzard Pearl w/ Grey interior

    Residual: 46%
    FICO score is 800

    Due @ signing:
    $599.99 (1st months pymt)
    $12.50 tire disposal
    $700 (cap cost red)
    $60.30 (sales tax on cap cost)
    $795 (Acquisition fee)
    $10 Inspection fee
    $45.00 (dealer fee??)

    total @sign= $2222.87

    (taxes are rolled into lease) payments are $599.99/month

    i really love this truck and I have been negotiating for some time with various dealers. this is the best price I have been able to get.
    this forum has helped me SO much. thank you all for your numbers and comments. i wish i had known about this site when i negotiated my last 2 leases!
  • gomavsgomavs Posts: 1

    Was that MF from LFS or an outside lender?
  • louiesmomlouiesmom Posts: 10
    No, Lexus almost never has MF's so low....This one was from Wells Fargo
  • lalawlalaw Posts: 1
    Looking to Lease a 2008 GX 470. Went to one dealer with disappointing results. Looking for a well loaded model with Nav/Audio pack, 3rd row seat, rear spoiler, head rest DVD, XM radio. Got a MSRP of $53K. Dealer discounted $1,500 and included dual DVD headrest at no cost, basically a $3,500 discount. On a 36 month/15,000 mile lease, monthly payments are close to $1,000 per month. It appears that the money factor was 2.95. Residual at 52%. Credit score is not a problem, currently at 796.

    This does not seem right looking at the other postings. I have a current lease on a Volvo that runs out at the end of September. Should I wait till July, August or September or is this dealer full of it.

  • louiesmomlouiesmom Posts: 10
    That price does seem kind of high. Was that money factor from Lexus financial? What made the difference for my deal was getting a lower money factor from a different bank. I only picked up the truck last week so, you should be able to negotiate a better money factor. Is this price of $1000/month with 0 due at signing? That does seem very high.
    My Volvo lease was up in July and I just turned it in because I was over on my miles. Are you over on mileage? If not, you may want to wait until July or August. I am sure you will be able to get a great deal if gas keeps going at this rate.
    Good Luck. It's a great truck!
  • lebradlebrad Posts: 1
    Has anyone seen any "unbeatable" Memorial Day lease specials on a GX470? I live in NJ and am a current Lexus lessee.

    Any guidance would be most welcome.

  • dquigleydquigley Posts: 1
    I also live in New Jersey, Mercer County to be specific, have you had any luck. I want to lease a 470 within the next 3 to 4 weeks.

    Thank you
  • aubchicaubchic Posts: 9
    I just left the lexus dealership and thought i would check with you guys about my price and lease for the 08 gx

    msrp was 54938 and included:

    lexus link
    dealer installed dual dvd system for 2k

    they knocked off 5k bringing the total to 49938. from what i have read invoice is what people are paying for the gx's, closer to 47600 or a little over 7k from msrp.

    my lease was 48 mo/10k residual was 44% and money factor 2500 drive off- payments were 765. are these number correct? this is through LFS. what are the 48/12 numbers? is LFS the best program for june? i think the mf is high.

    i feel like there is more room to haggle with the dealer.

  • aubchicaubchic Posts: 9
    well, i was right about the dealer. there was plenty of room to negotiate.

    i just closed on a deal in dallas at sewell lexus. the internet department was absolutely fantastic and i am excited to have my car shipped to me in a few weeks.

    Here is my gx:

    tow package
    preferred accessories
    third row

    msrp: 53089
    invoice: 46547

    dealer added:
    dual dvd player (2495)
    tint/stripes (395)

    total msrp: 55979
    selling price: 48695
    savings: 7284

    i paid 742 back of invoice.

    My lease payments are 734 a month for 48/12k with 2500 drive off.
  • mattiefebmattiefeb Posts: 8
    Hi this is the lease quote I received from a NJ dealership yesterday:
    2008 GX 470
    MSRP $52500
    discount $4350
    Sale price - $48150
    36 months - 12,000 miles
    total due at signing $4,500
    monthly payment incl tax - $650
    Does this sound too high? I still have 3 months on my current lease but they said I can take delivery in August (if summer rates go down I will be able to cancel this deal and go into new deal with better rates) . All I have to do now is choose a color and give a credit card. Should I try to get a bigger discount off of the MSRP?
    Thanks! Mattie
  • Anyone know if this is a good deal?
    Lexus of Greenwich, CT
    08 GX470
    36 months lease
    36K allowable miles

    822.06 first month
    600.00 acquisition
    249.00 Dealer Conveyance
    50.94 sales tax
    108.00 registration
    1830.00 total on signing
  • My 4-year GX lease expires at the end of January. The buy-out price is $25,000. Is it possible to offer a price lower than the buy-out price? If so, how is this done?
  • Hi rob222. It's absolutely possible to offer the bank that you are leasing though, which I assume is Lexus Financial Services, a lower price than your truck's official lease-end purchase price. Whether they will accept your offer is another matter. More often than not banks won't. Still, you don't have anything to lose by trying.

    Place a call directly to LFS a month or two before the scheduled end of your lease and tell them that you are considering purchasing your truck but that you want a better price. If your initial contact there is unwilling to work with you, work your way up the ladder to a manager and see if you have any better luck. There's no guarantee that they will be willing to work with you, but it's worth a shot.

    If you wouldn't mind, I'd love it if you would report back and let us know what they tell you. Thanks and good luck.

    Prices Paid: Buying & Leasing Experiences Forum
  • Who is paying for your shipping.
  • I went to Lexus of Manhattan looking at the GX470.

    They wanted $2500 down payment, so after taxes, 1st month payment and bank fees etc., it came out to $5900 down. $549/36 months 10K a year.
  • rob222rob222 Posts: 49
    I contacted Lexus Financial and they were very rigid. It is, what it is. "No point in talking with a manager, we don't deal." I think Lexus is unaffected by the general market. They will get top dollar from someone, and therefore they will not give you a deal to avoid the hassle of wholesaling the vehicle.
  • Sorry that they weren't willing to work with you, rob222. Thanks for stopping back and letting us know what LFS said.

    Prices Paid: Buying & Leasing Experiences Forum
  • rob222rob222 Posts: 49
    Forget the last three months on my 05 GX

    New 08GX with Navigation/Mark Levinson for 48months/48 miles for $660/mo

    Good deal? What would the money factor, residual, etc. be on this new 08 GX?

    Thanks, Rob.
  • Hey Rob. The best way to tell if this lease is a good deal is to look at its selling price in relation to either its MSRP or better yet, its dealer invoice price. The selling prices of lease vehicles are negotiable, just as if you were paying cash for or financing them.

    Here is the information about the lease program that you requested. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus GX 470 without the entertainment system with 15,000 miles per year are .00135 and 49%, respectively for consumers who qualify for its Tier 1+ credit tier.

    Prices Paid: Buying & Leasing Experiences Forum
  • Currently have a 2006. The lease was up on Dec. 1.
    Have Navi and RES, paying 650+, with $3500 Total OP

    Was looking for the same deal for a 2009, but dealers are telling me the money factor and residuals are not as good anymore, and are now quoting me almost $800 for same car, with about the same TOP.

    I called Lexus and asked to extend my lease on a month to month basis. I have until Dec. 11 as a courtesy. Car Man, or anyone know if the December rates are any better?

  • Hi nomisny. I've heard that Lexus' baseline special buy rate lease money factor for the 2009 GX 470 is .00195, but that it has been enhanced in certain regions to .00150.

    The main difference between this truck's current lease program and the program that was available when you leased your '06 model is probably the residual values. Banks have found that SUVs future values don't hold up nearly as well as they had been estimating and as a result most have revised their residuals downward. Lower residual values means higher lease payments.

    Prices Paid: Buying & Leasing Experiences Forum
  • CABOCABO Posts: 1
    Didn't think this would be that hard. Buyout of 06 with tow pack,Navi back fin and chrome wheels,26400. New GX470 36 months 48778, (806.00/month payment) with 1500 down. Can't someone do better?
  • The lease on my 2005 GX 470 is up on April 1. Last week I backed out of my garage, not realizing that the garage door was not all of the way up, and ripped the rear spoiler off of the tailgate!! There is no body damage but the spoiler itself as well as the 2 plastic roof rack end caps are damaged. I have gotten 2 estimates ranging from $860-1100! I'm 4000 miles under mileage and there is no other damage to the vehicle. Should I take the car by the dealer and ask them what their charge will be for repair. I was hoping to use as leverage on a new RX but would prefer to wait 6+ months. Any advice??
  • bgardinerbgardiner Posts: 19
    We are month to month on our lease. Nothing new out there I like as much as my 3 yr old Lexus. Couple questions:1
    Can I turn it in, have the dealership certify it, then buy it back at a lower rate than buy-out? The dealership gets it at a discount from Lexus (resid is 29.9k) so I figure I could pay about 27 and get the warranty extended.

    What is the status on the new SUV from Lexus. The dealer told me there is a new body style coming out, but then says no its a new smaller SUV. Any word on this?
  • drmhfdrmhf Posts: 29
    I want to lease a 2009 GX-470 with nav/levinson,tow package,third row seat.
    48 month lease, 12,000miles/yr, no money down.
    Several online buying services came out to about $800/mo. including tax.
    What can I expect to pay, I'm on Long Island in NY. Any dealer suggestions?
This discussion has been closed.