Options
2013 and earlier Lexus GS 350 / GS 460 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Thanks for the rates on the GS for a 36mo lease.
Can you provide the rates on a 48mo lease - I assume the MF is the same but what is the residual ?
Also what is your opinion on MSDs ? Are MSDs at risk if the car is totaled or stolen ? TIA.
I had a question about the MSD. Last year I leased a RX350 and for every MSD, I got a 0.0001 reduction. I'm thinking of leasing a GS now but I see that some people mentioned that the MSD reduction is 0.00008 now. Did the MSD rate change for the worst this year.
My second question is the Encore program, allows be an extra MSD reduction for free for leasing my 2nd lexus, correct.
Thanks
Thank you,
i'm looking at leasing a 2008 gs 350 awd
msrp is $50,470.00 according to the lexus website
i'd like to do a two year lease with 12k per year, as little down as possible
what price should i be shooting for? what's the mf and residual?
i want to compare this lease with the mercedes e350 4matic.
also, pardon my ignorance, but what is MSD?
thanks for your help!
2008 GS350 AWD with Nav. (No ML) MSRP: 51,135.00
Cap cost: 2,500.00 + Tax, Bank Fees, DMV fees = Total Due at signing: $5,985.38.
Monthly: 569.99
Term: 39 months.
Mileage Restriction: 10K a year.
Option to purchase: $26,9XX.XX
Did I get robbed?
P.S. I traded in a car worth $3,500.00, am I supposed to have this portion exempt from tax on the down payment / cap cost?
Your 39 monthly payments plus your downpayment total 24730. If you add 24730 to the residual, your total is 51630 vs a 51135 sticker price. If you exercise the option to purchase, you've essentially gotten a 39 month interest free loan on the car. Of course, you're paying sticker, and I don't know to what extent Lexus discounts, but seems ok to me. If your trade in is on top of these numbers, then 3500 works out to around 7% simple interest. Still not bad.
Anyone see a fault with my logic or math?
As for MSD, it's Multiple Security Deposits and it's a program that Lexus offers to lower the MF for each add'l security deposit placed on a lease. It's better than a cap reduction, since you should get all your deposits back when you return the car.
(year end) Rolling tax in to selling price 39mo 12k...Am I unrealistic thinking $725-750 mo can be had with current money factor.(2nd lexus,best credit) I am terrible with # and don't know if this can be done on lets say $46,000. Is this do-able or am I asking the impossible of a gs dealer?
All that said, it probably makes more sense to buy GS instead of renting since residual is low and MF is not really super. As a comparison, BMW 535xi residual is 61% I believe on 36months and 15K miles per year lease.
First off I should say that I purchased an add on of XM radio for $299 from the dealer. The XM was already installed by the dealership and they wouldn't take it out since it was installed. The car was the color and options I wanted so I relented and paid the 299. It's a decent deal for XM since Sewell sells the XM add on for $299 online and I got it installed for free with 9 months of service. Anyway, just wanted to state this because I see people post that they paid a certain price or invoice or below but don't reveal that they bought extra crap like a warranty or LoJack and overpaid for those items so of course they get the car for under invoice, since they got ripped off on the other stuff.
36 month lease with 15K miles per year.
MSRP: $51915
Sales price: $45764 (This price is invoice found on edmunds + TDA (advertising fee) of $552)
Acquisition fee: $600
Registration, license: $364
Document prep: $48.71
Other fees: $8.75 (California Tire Fee)
Lease info:
Gross Capitalized Cost $46,364 (sales price + acquisition)
Current Money Factor for 36months 15K: .00185
Discount for putting down 9 refundable security deposits: 0.00072
Final Money Factor: .00113
Residual = 49% = $25,438.35
Total monthly payment with 8.25% tax = $717.06
I put no money down on the lease, I did make a 100% refundable deposit of $6,525 that saves me roughly $2,000 over the 3 years, not a bad investment since that money would of just been sitting in the bank, earning low interest and being taxed.
Total drive off was $7,672.86, $6525 of it are the MSDs and $1,147.86 was first months payment, license, tax etc.
Where are you located? I am in Bellevue, WA and they barely budge off of invoice, but I have them down about $3k off invoice. Did you get AWD?
Thanks!
Can we get the Lexus MF and residuals for Jan? 15 miles and 36 months. Thank you!
I would expect in January for the residual to remain the same but the money factor to go back up to 0.00285, or whatever it was prior to the december to remember sale. Also, realize that once the year is over, there is less incentive for dealers to squeeze that last sale and get up their sales numbers for the year, hence prices go up a bit. Dealers are willing to let go of cars a bit cheaper just to boost yearly sales goals. I would think if you buy before Dec 2, the last day of december to remember, it'll be okay. Haggle now and buy now, you'll be sorry if you wait.
If you are reading this post in january, don't expect to buy at Invoice anymore since it is not end of the year anymore.
MSRP $49,635
Gross Cap $44,550
Residual - 50%
Money Factor - .0017
36 months - 15k miles
Total due at signing $1,500
Monthly payment $743 w/ tax included
My Portland dealer says for their GS350 AWD
MF of 0.00249 , 49% residual on 36 mo @ 15K/yr.
MSRP for the one I am looking at is about $53.5K and they won't budge below $50K.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
(1) Not sure whether to go for Lexus GS350 or Infiniti G35.
(2) My last car--BMW was leased due to discount, MF, high residual.
Does Infiniti promote/subsidize sales or lease?
(3) What should I pay relative to invoice?
(4) What is MF for 3 yr 12,000, 3 yr 15000?
Thanks.
I'm leaning toward Lexus GS350 over Infiniti G35, but higher price is a factor.
G35 seems to be available a bit above, or at, or below invoice.
Is GS350 available at or near invoice (which I assume includes "ad allowance.)"
From standpoint of what Lexus offers, is it best for me then to buy or lease?
What is finance rate for buying? What is MF for leasing for 12,000, 15000 miles?
What should be cost for acquisition fee? For document prep fee?
Does Lexus provide lower lease payments in return for multiple security deposits.
(Through CarMan's advice 2 yrs ago, I secured 2006 BMW530i MSRP $56,765 for 2 yr lease, 12000 miles annually; capitalized at 53,700; acquisition fee of 625, doc prep of 45; I gave 5200 of multiple security deposits to reduce montly to 574.34+47.38 sales tax. It seems like Lexus costs less, but might cost more to lease due to higher MF or lower residual.)
Anyway, for GS350, G35, and CTS, could you please provide:
(1) Target deal relative to invoice+destination (and any rebate)
(2) If buy, available finance rates
(3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually
Any better MF or interest rate for multiple security deposits?
Thank you for this information. I'll also put on other forums, in case you guys see that first, to try to get info.
Thank you!
gs 350 RWD, msrp $49,630. (Navigation w/o the sound)
term: 36 months, 750 monthly payment
that was it, i just had to pay for the first month payment of 750.
is this a good deal anyone?
gs 350 RWD, msrp $49,630. (Navigation w/o the sound)
term: 36 months, 750 monthly payment
that was it, i just had to pay for the first month payment of 750.
is this a good deal anyone?
gs 350 RWD, msrp $49,630. (Navigation w/o the sound)
term: 36 months, 750 monthly payment, 12 k miles/year
that was it, i just had to pay for the first month payment of 750.
is this a good deal anyone?
Depends how much you like that car vs. other options. You can get a E-series or 5-series for much less $ at that MSRP.
i just got a deal and about to sign paper work with them so i need your help (this is the very first time i do a lease contract)
2008 GS 350, MSRP $49,630 (Navigation w/o ML Sound)
lease term: 36 month, 12,000 miles/year, $750 monthly payment, pay out option at the end of three years is $24300
i do not have to pay anything now, just $750 first month pmt.
is this deal acceptable to you guys? please i really need some info from you guys.
thank you so much
Not sure if yours had AWD, but since we got AWD + ML system and at 15K / year, you probably have some room to negotiate.
This is in the Portland Oregon dealer
even though i do not have the Sound and AWD (I do not need that here in tx) i do not wanna buy that option since i will probable turn it back in after three years, i dont want to pay for it then give it back.
my deal was not that bad compared to yours. my MSRP is 49600, i got everything in the car but AWD and the sound. i knocked the price down to 42700 then they added all the taxes and fees to the bottom line of 44's. your other fees plus the first month pmt cost you 2000's i only had to give them 750. my residual is also 49% (people kept talking about this figure but there is nothing we can deal with it since it was set up by the Lexus). well, it cost me 27k to drive that car for three years, i can probably cut it down to 26500 but 500 for over three year is not a material amount, plus i think i did get the best deal we can get, what do you think?
Resid Rate = .38, MF = .0115
Thanks in advane for all of your thoughts and opinions.
Thanks for your opinions!
Is your car AWD or RWD?
no nav system..........15k per year
any comments would appreciate.....thanks bob
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP around $49k and some change.
$635/month with $3,500 down
36 months lease and 12k miles/year
I forgot the money factor but it was for tier 1 financing...please tell me if this is a good deal! the dealer said they're giving me the car $800 below invoice ($44k and some change)....
oh yeah i also wanted them to deliver the car to my door (a $200 charge) and they said they'll do it for free....