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2013 and earlier Lexus GS 350 / GS 460 Lease Questions
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Comments
I spoke with the other dealer making me an offer last night and he also said I got a great deal. I didn't tell him I had already left a deposit on the car but he told me straight up "get off the phone with me and immediately call your other dealer. That is a great deal and you don't want to lose it.". So, who knows if it's that great or not. It's $1000 over invoice and from what I've seen on here that's pretty common. But at least I can rest easy knowing I did my due diligence and didn't leave better offers out there on the table.
MSRP - $48,997
Cap Cost 43,998 (invoice plus $200)
48 months
15k per year
drive off - $1352 (incl $250 cap reduction)
pmt -$630.41 plus CA tax 7.75% = $679.27
Even though this car has been my first love, I wasnt planning on going with the Lexus because it had not been leasing well (quotes were well over $720 incl tax on a 36-48 month lease with 15k. And no one was going below invoice plus $1000, even in So Cal which has at least 10 Lexus dealerships. I had set my mind on the Mercedes E350 Sport with P1, which is a nice car, but when it came down to pulling the trigger, I had to go with this car. It has great power and agility. I am coming off a lease on a 2002 Lexus GS300 and this car is no comparison to the 02 model.
Newport Lexus was awesome and what a beautiful dealership. Bonus is that my work is 1 mile away and I can get a car wash anytime.
Cap Cost of $43,081.00
36 mos
15k per year
drive off $765.00
pamt: $765.00 mo.
turn in fee at end $395.00
I ahve a 2004 lexus 330 due to end in June 2007. At the dealer, they suggested I stay in my lease and perhaps extend it until August when they would clear out the 2007 models.
I found this ridiculous, particularly since the car is readily available through the leasecompare website at a much lower price -- which they ultimately will get from the same dealer. The dealers response as to their price is that the GS350 are in high demand and so the leases are really high priced. I found this very strange -- particularly when you have an interested customer with great credit, and willing to turn their current car in early.
I left the dealership and told the lady that I would email her the leasecompare numbers. If they can beat it, great, if not I will go through the website.
Thanks for the response!!
use this link
http://forums.roadfly.com/forums/financing/8297460-2.html
this has all the info on mf and residuals.
Good luck!
Car_man
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Once you arrive at a price that you are comfortable with, have the dealer use this car's buy rate lease money factor to calculate your monthly payment. LFS' current buy rate lease money factor for the 2007 GS 350 is .00195 for consumers who qualify for its "Tier 1+" credit tier.
Car_man
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The money factor that you were quoted for this car is way too high. According to the latest information that I have seen, Lexus Financial Services' buy rate lease money factor for a 48 month lease of a 2007 Lexus GS 350 is only .00195 for consumers who qualify for its top credit tier. Make sure that the dealer you are working with uses this factor to calculate your monthly payment.
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why would the lexus have such a low residual? I wanted a 24 month lease with $4K due at inception and 20K miles per year and i was told $937 would be the monthly payments...sounds like a real high amount. My current Infiniti M35x payments are only $586 and it is a simlar lease.,, Any suggestions?
I just wanted to thank you for your posting. As it turns out, I test drove the Es350 and fell in love with it. Tampa lexus gave me a measly $3k discount off the sticker 41322 and the lease price for a 36mo, 15 k lease was $704 per mo with $1500 out of pocket. I was also told to change two tires before turning it in. LExus of Sarasota offered to buy the car so I would not pay excess miles or replace tires, and offered the same deal for 636.00 per mo with $1321 due at signing (incl. tax, 1st payment, and dealer fee of $489). I think it is a fantastic deal!
Would you please provide the MF and residual (for June) for the 2007 Lexus GS 350 (RWD). I'm looking for the 3 yr/36,000 miles and 4 yr/48,000 miles figures. Also, do the June figures expire the end of this month or are they extended through July 4? I'm in Southern California.
Thank you.
Car_man
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Thanks.
I don't get to peruse the GS forums too much.
Lexus of Sarasota, is that Wilde Lexus or is that a different one? Anyway, I hope you're happy with your purchase. I've been thinking that if I decide to lease another Lexus in the future that I might try Fleetrates.com. They look like they can help us get a fair deal not only on the price but the lease. Even though I've tried reading how people negotiate leases on these forums, I've just never been good with numbers and all it does is make my head spin!(LOL)
Although I'm comfortable with my monthly payments on my RX, I probably ended up putting too much money down for a lease. So I hope to do a little better in that department the next time around. Enjoy your Lexus!
Can you please tell me what the current MF / Residual is on a 2007 GS350 - 2WD w/ Navigation, no Mark Levinson - MSRP - $48997? Location - Houston, TX
36 months / 45K Miles.
Thanks in advance!
Now that the Golden opportunity sales Event is going on, what is the MF / Residual on a 2007 GS350 RWD w/ Navigation (MSRP - $48997). Location - Houston, TX - 36 months / 45K miles
Thanks!
Car_man
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Can you please educate me on the current residual and MF numbers on the 2007 and 2008 AWD GS 350? 12000 miles per year.
I'm no longer considering an Acura RL.
Thanks.
Living in NJ and looking to lease a 2008 GS 350, the only option needed is the nav system, assuming I get the car for 1k over invoice with a 36 month lease with 15k per year what should my payments be. ( 2500 down )
Thanks
KK
Would this program remain through December or would it change in December.
macdad
Thanks in advance.
Car_man
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Lexus just enhanced this car's lease money factor to .00185 for consumers who qualify for its top credit tier. Make sure that this is the factor that the dealer you are working with uses to calculate your monthly payment.
Car_man
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i cannot believe Lexus only offers a 51% 36 month 12k residual. BMW is 10% higher.
Car_man
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I see this as a 'game'. Either high residual and higher interest (BMW MF is 0.00225 or higher) or lower residual like lexus and lower interest. Both end up with similar payments actually given similar cap costs etc.
I thought the December program for Lexus was supposed to be a great time to lease but the figures are the same as they were over the summer. I am coming up to the end of a 5 series lease and I now have a good advantage over lexus - BMW gives a discount on the money factor for a current owner. I went to the local Lexus dealer a couple of days ago, explained that I understood how a lease works, and the sales person offered me a 2007 GS 350 - MSRP 51350 for 43500 and wanted a 48 month lease with around 1200 down for almost 700 a month. So much for him paying attention. However, at that price it may be worth buying it instead of leasing. We will see what BMW has to say on Monday when their December rates come out.
My Lexus salesman hasnt even returned my email. Go figure.