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2020 Lexus GX Lease Deals and Prices

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  • Hpipe78Hpipe78 Member Posts: 11
    Hello, I'm looking for the RV, MF, and current incentives (returning Lexus Customer) for a 2020 GX460 Premium. Noticed a $2,500 lease cash incentive on Lexus site (for certain trim levels) and $1,000 returning customer lease cash also. Just looking to confirm those. Looking for 36 and/or 39 month lease at 15K miles. Thank you in advance!
  • kyfdxkyfdx Moderator Posts: 235,200
    Hpipe78 said:

    Hello, I'm looking for the RV, MF, and current incentives (returning Lexus Customer) for a 2020 GX460 Premium. Noticed a $2,500 lease cash incentive on Lexus site (for certain trim levels) and $1,000 returning customer lease cash also. Just looking to confirm those. Looking for 36 and/or 39 month lease at 15K miles. Thank you in advance!

    What is your location?

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  • Hpipe78Hpipe78 Member Posts: 11
    Location is Dallas, TX. 75080
  • MichaellMichaell Moderator Posts: 240,145
    Hpipe78 said:

    Hello, I'm looking for the RV, MF, and current incentives (returning Lexus Customer) for a 2020 GX460 Premium. Noticed a $2,500 lease cash incentive on Lexus site (for certain trim levels) and $1,000 returning customer lease cash also. Just looking to confirm those. Looking for 36 and/or 39 month lease at 15K miles. Thank you in advance!

    Hpipe78 said:

    Location is Dallas, TX. 75080

    36/15 - .00110 and 59%
    39/15 - .00150 and 57%
    $1250 lease cash
    $1000 loyalty

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  • jtrue28jtrue28 Member Posts: 22
    And just so I'm clear...the $795 lease acquisition fee is mandatory and non-negotiable?

    Realizing that the extra $1,000 they're giving to returning lessees will off-set that, but still. They're also supposed to waive the return fee for returning people anyway, so I hope that's not where the $1,000 is all rooted.
  • kyfdxkyfdx Moderator Posts: 235,200
    jtrue28 said:

    And just so I'm clear...the $795 lease acquisition fee is mandatory and non-negotiable?

    Realizing that the extra $1,000 they're giving to returning lessees will off-set that, but still. They're also supposed to waive the return fee for returning people anyway, so I hope that's not where the $1,000 is all rooted.

    Correct... on the acquisition fee

    Every lease has an acquisition fee. Every make and every bank.

    Loyalty incentives aren't offset by disposition fee waivers

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  • dbx4dbx4 Member Posts: 8
    what is the MF, RV for 36/7500 in 92625? Thank you in advance.
  • vettevertvettevert Member Posts: 21
    Premium and luxury in 28607 36/12?

    Thanks!
  • MichaellMichaell Moderator Posts: 240,145
    dbx4 said:

    what is the MF, RV for 36/7500 in 92625? Thank you in advance.

    Premium or Luxury?

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  • MichaellMichaell Moderator Posts: 240,145
    vettevert said:

    Premium and luxury in 28607 36/12?

    Thanks!

    .00110 and 61% / 58% for Prem / Lux
    $1250 lease cash

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  • dbx4dbx4 Member Posts: 8
    premium please
  • kyfdxkyfdx Moderator Posts: 235,200
    dbx4 said:

    what is the MF, RV for 36/7500 in 92625? Thank you in advance.

    dbx4 said:

    premium please

    .00110 MF and 63% residual
    $1250 lease cash

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  • dbx4dbx4 Member Posts: 8
    edited April 2020
    do you have dealer cost on a $61,370 MSRP option (460 base plus premium sport...). thank you.
  • MichaellMichaell Moderator Posts: 240,145
    dbx4 said:

    do you have dealer cost on a $61,370 MSRP option (460 base plus premium sport...). thank you.

    You can look here for pricing information:
    https://www.edmunds.com/new-cars/

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  • jtrue28jtrue28 Member Posts: 22
    Found a 2020 GX460 Premium with Sport package. MSRP $60,565. Negotiated price was $54,000, then also using $1,250 lease cash and $1,000 returning lessee. Using my spreadsheet, that looks to yield a Net Cap Cost of $54,254.

    No money down, except 1st month's payment. $616/month, taxes included (paid monthly).

    I also took advantage of the email/coupon that Lexus Financial sent me in January that allowed me to waive 4 months on my current GS350 lease, as well as the disposition fee.

    I'm happy.
  • kyfdxkyfdx Moderator Posts: 235,200
    jtrue28 said:

    Found a 2020 GX460 Premium with Sport package. MSRP $60,565. Negotiated price was $54,000, then also using $1,250 lease cash and $1,000 returning lessee. Using my spreadsheet, that looks to yield a Net Cap Cost of $54,254.

    No money down, except 1st month's payment. $616/month, taxes included (paid monthly).

    I also took advantage of the email/coupon that Lexus Financial sent me in January that allowed me to waive 4 months on my current GS350 lease, as well as the disposition fee.

    I'm happy.

    Congrats! Nice deal.

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  • askroutaskrout Member Posts: 17
    Can I please get the MF and RV for the Premium 48/10 in 44060?
  • MichaellMichaell Moderator Posts: 240,145
    askrout said:

    Can I please get the MF and RV for the Premium 48/10 in 44060?

    .00150 and 53%
    $1250 lease cash

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  • CLTCLT Member Posts: 15
    Hi - Could you provide 36/15 for GX Premium in 28217 please? Thank you
  • kyfdxkyfdx Moderator Posts: 235,200
    CLT said:

    Hi - Could you provide 36/15 for GX Premium in 28217 please? Thank you

    .00110 MF and 59% residual
    $1250 lease cash

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  • Greg1980Greg1980 Member Posts: 2
    Hi, Would you please provide the MF and Residual for a GX Premium 36/15 in 31906.

    Thank you!
  • MichaellMichaell Moderator Posts: 240,145
    Greg1980 said:

    Hi, Would you please provide the MF and Residual for a GX Premium 36/15 in 31906.

    Thank you!

    .00110 and 59%
    $1250 lease cash

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  • Cpool77Cpool77 Member Posts: 2
    Would you provide the MF/RV for a GX Premium 36/12 in 76051. Also, do these numbers change with options added (rear dvd monitors, tinted windows, and 19” dark grey wheels)? We currently have a GX lease so do we also qualify for loyalty cash?
  • kyfdxkyfdx Moderator Posts: 235,200
    Cpool77 said:

    Would you provide the MF/RV for a GX Premium 36/12 in 76051. Also, do these numbers change with options added (rear dvd monitors, tinted windows, and 19” dark grey wheels)? We currently have a GX lease so do we also qualify for loyalty cash?

    .00110 MF and 61% residual
    $1250 lease cash
    $1000 loyalty

    Options don't change the lease parameters.

    But, dealer installed options might not be residualized (or, only partially). Accessories and dealer installed options will kill a good lease deal.

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  • Cpool77Cpool77 Member Posts: 2
    Thanks, can you also tell me the MF/RV on a GX Premium for 36/10 in 75024?
  • kyfdxkyfdx Moderator Posts: 235,200
    Cpool77 said:

    Thanks, can you also tell me the MF/RV on a GX Premium for 36/10 in 75024?

    62% residual

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  • budda007budda007 Member Posts: 16
    Hi, would you provide MF, RV and incentives for GX Premium 36/12k and 36/15k in 84121? Thanks!
  • kyfdxkyfdx Moderator Posts: 235,200
    budda007 said:

    Hi, would you provide MF, RV and incentives for GX Premium 36/12k and 36/15k in 84121? Thanks!

    36/15
    .00110 MF and 59% residual
    $1250 lease cash

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  • smokey5011smokey5011 Member Posts: 7
    Hello, looking for RV/MF/Incentives for 2020 Lexus GX 460 Premium Trim. Zip 38119
    36/10k
    TIA!
  • kyfdxkyfdx Moderator Posts: 235,200

    Hello, looking for RV/MF/Incentives for 2020 Lexus GX 460 Premium Trim. Zip 38119
    36/10k
    TIA!

    .00110 MF and 62% residual
    $1250 lease cash

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  • AGGGIEPILOTAGGGIEPILOT Member Posts: 3
    edited May 2020
    Hi, Can I please get the MF and RV on a 2020 GX460 Premium with the Sport Package. 27/12 and 36/12 and traditional and one pay if able zip 76092.

    Thank you!
  • MichaellMichaell Moderator Posts: 240,145

    Hi, Can I please get the MF and RV on a 2020 GX460 Premium with the Sport Package. 27/12 and 36/12 and traditional and one pay if able zip 76092.

    Thank you!

    .00110 and 67% / 61%
    $1250 lease cash

    No infoon one pay MF deduct.

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  • malloreehmalloreeh Member Posts: 17
    May I please have the MF & RV for a 2020 Premium for 36/10 and 36/12 in 66061?
    Lexus of Wichita quoted me .00210 for Tier 1 (I'm a current Lexus leaseholder) and I just want to verify that they're marking up the MF.

    Thanks!
  • MichaellMichaell Moderator Posts: 240,145
    malloreeh said:

    May I please have the MF & RV for a 2020 Premium for 36/10 and 36/12 in 66061?
    Lexus of Wichita quoted me .00210 for Tier 1 (I'm a current Lexus leaseholder) and I just want to verify that they're marking up the MF.

    Thanks!

    36/12
    .00110 and 61%
    $1250 lease cash

    Greedy dealer, I'd say.

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  • malloreehmalloreeh Member Posts: 17
    Michaell said:

    malloreeh said:

    May I please have the MF & RV for a 2020 Premium for 36/10 and 36/12 in 66061?
    Lexus of Wichita quoted me .00210 for Tier 1 (I'm a current Lexus leaseholder) and I just want to verify that they're marking up the MF.

    Thanks!

    36/12
    .00110 and 61%
    $1250 lease cash

    Greedy dealer, I'd say.
    You don't say...

    This is the quote I got from them, and when I asked for a breakdown because it wasn't adding up, all I got in response was crickets.

    36/12
    MSRP: 60,565
    SALE PRICE (Including incentives): 53,798
    RESIDUAL: 36,944.55
    CAP COST REDUCTION: $0
    MONEY FACTOR: .00210
    SALES TAX (included in payment): 9.475%
    MONTHLY PAYMENT: $795

    Even with their inflated MF, my calculations say the payment should be $721.12. And if they weren't jacking up the MF, it should be $621.78

    I have 4 months left on my current GX460 lease (Lexus financial will waive the 4 remaining payments if I get a new one) and I'm in no rush. I just thought it might be a good idea to take advantage of current specials and incentives.
  • MichaellMichaell Moderator Posts: 240,145
    malloreeh said:

    Michaell said:

    malloreeh said:

    May I please have the MF & RV for a 2020 Premium for 36/10 and 36/12 in 66061?
    Lexus of Wichita quoted me .00210 for Tier 1 (I'm a current Lexus leaseholder) and I just want to verify that they're marking up the MF.

    Thanks!

    36/12
    .00110 and 61%
    $1250 lease cash

    Greedy dealer, I'd say.
    You don't say...

    This is the quote I got from them, and when I asked for a breakdown because it wasn't adding up, all I got in response was crickets.

    36/12
    MSRP: 60,565
    SALE PRICE (Including incentives): 53,798
    RESIDUAL: 36,944.55
    CAP COST REDUCTION: $0
    MONEY FACTOR: .00210
    SALES TAX (included in payment): 9.475%
    MONTHLY PAYMENT: $795

    Even with their inflated MF, my calculations say the payment should be $721.12. And if they weren't jacking up the MF, it should be $621.78

    I have 4 months left on my current GX460 lease (Lexus financial will waive the 4 remaining payments if I get a new one) and I'm in no rush. I just thought it might be a good idea to take advantage of current specials and incentives.
    If the pull ahead allows you to exit your current lease with no penalty, no harm in looking, but your dealer looks to be aiming for a home run deal on a returning customer.

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  • BAOLexBAOLex Member Posts: 3
    edited May 2020
    Hi can I please get a MF/RV , 36/12 for a 2020 GX Luxury 85701. Thanks in advance
  • kyfdxkyfdx Moderator Posts: 235,200
    BAOLex said:

    Hi can I please get a MF/RV , 36/12 for a 2020 GX Luxury 85701. Thanks in advance

    .00110 MF and 58% residual
    $1250 lease cash

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  • porter65porter65 Member Posts: 14
    Hi there! I am interested in the MF/RV - 36/10 Lease for both 2020 GX460 Premium & Luxury. Located in 64063. I am a current Lexus lease holder. And... Just curious, is the $199 Admin Fee negotiable? Thanks in advance!!
  • kyfdxkyfdx Moderator Posts: 235,200
    porter65 said:

    Hi there! I am interested in the MF/RV - 36/10 Lease for both 2020 GX460 Premium & Luxury. Located in 64063. I am a current Lexus lease holder. And... Just curious, is the $199 Admin Fee negotiable? Thanks in advance!!

    .00110 MF
    $1250 lease cash

    62%/59% residual for Prem/Lux

    Trying to negotiate dealer fees is taking your eye off the ball. If you know the dealer charges a $199 fee, then lower your target price by the same amount.

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  • porter65porter65 Member Posts: 14
    Thank you! Makes perfect sense!! Is the $1000 additional loyalty offer gone? I do have the same offer as a few others have mentioned from LFS, that will waive up to four lease payments and the disposition fee...
  • kyfdxkyfdx Moderator Posts: 235,200
    porter65 said:

    Thank you! Makes perfect sense!! Is the $1000 additional loyalty offer gone? I do have the same offer as a few others have mentioned from LFS, that will waive up to four lease payments and the disposition fee...

    $1500 loyalty

    No info on pull ahead. If you lease another Lexus, they will always waive the disposition fee.

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  • jlgarza15jlgarza15 Member Posts: 3
    MF/RV on GX 460 Premium 36/10 and 36/12 ZIP 91204. Thank you!
  • kyfdxkyfdx Moderator Posts: 235,200
    jlgarza15 said:

    MF/RV on GX 460 Premium 36/10 and 36/12 ZIP 91204. Thank you!

    36/12
    .00110 MF and 61% residual
    $1250 lease cash

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  • carlgrimcarlgrim Member Posts: 18
    Hi,
    Could you provide me with Residual, Money Factor, Cash incentives for a 2020 GX 460 Premium
    36 Month/10K. I see $2,500 Cash and $1,500 Loyalty are they still applicable for the Miami, FL region?
  • MichaellMichaell Moderator Posts: 240,145
    edited May 2020
    carlgrim said:

    Hi,
    Could you provide me with Residual, Money Factor, Cash incentives for a 2020 GX 460 Premium
    36 Month/10K. I see $2,500 Cash and $1,500 Loyalty are they still applicable for the Miami, FL region?

    .00110 and 62%
    $1250 lease cash
    $1500 loyalty

    The $2500 is a purchase incentive, not valid if you lease

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  • emgomez456841emgomez456841 Member Posts: 13
    Greetings! Can I please have the MF, RV for 36/7500 in 90022 for a Premium model? Thank you in advance.
  • kyfdxkyfdx Moderator Posts: 235,200

    Greetings! Can I please have the MF, RV for 36/7500 in 90022 for a Premium model? Thank you in advance.

    .00110 MF and 63% residual
    $1250 lease cash

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  • BeachclubfanBeachclubfan Member Posts: 11
    Hello, I'm looking for the RV, MF, and current incentives for a 2020 GX460 Premium. Lease will be 36/15 and zip code is 02138. Thanks!
  • MichaellMichaell Moderator Posts: 240,145

    Hello, I'm looking for the RV, MF, and current incentives for a 2020 GX460 Premium. Lease will be 36/15 and zip code is 02138. Thanks!

    .00110 and 59%
    $1500 lease cash

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