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2013 and earlier Lexus GS 350 / GS 460 Lease Questions
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Comments
As far as what sort of discount you can expect goes, I am not personally all that familiar with what the market is like for the 2010 GS right now but it I was interested in getting one I personally would shoot for a selling price of $500 to $1,000 over dealer invoice and see what happens.
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I'm in Southern California market. One dealer I got numbers from did give me the MFas being 0.00120, but did not disclose the residual value. I was under the impression it was 55%, but guess they lowered the MF and decresed the residual by 2% this month.
If there is a deal in my area please let me know.
Yes, LFS' residual values on the GS did drop by 2% this month.
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Need money factor and residuals.
The numbers for an otherwise identical 36 month lease are .00120 and 50%.
To give you the numbers for comparison all in one spot, Infiniti Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 M37X with 15,000 miles per year are .00130 and 56%.
Infiniti is not currently providing support on 24 month leases.
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1) Should I lease a 10' 350GS or should I wait and lease the 11'?
2)Are the Aug LFS buy rate,money factor,residual for a GS350 RWD the same as the GS350 AWD in the above mentioned post?
3)Are there any lease rates out yet on the 11' GS?
4)Or should I extend my current lease another five months and wait in hopes having the all new 12' out by Jan or Feb.?
Any thouhgts or ideas would be greatly appreciated!
Thanks!
Charlie
Maybe...maybe think about extending your current lease with Lexus Financial for another 6 months (if you're interested in leasing the '12 model). Otherwise, I think *I* would lease a 2010 before Sept. 7. Rates are just too good to ignore.
FYI...usually, RWD and AWD have different money factors. In Florida (I'm in California), not sure why you would need AWD.
Good luck!
You are correct I dont need AWD in Florida...Im trying to figure out somewhat what my monthly lease pmt will be...and I didnt know if the AWD RWD had the same MF. On the other hand I can purchase my gs out right for $24,125 at the end of the lease, which I think is actually not a bad price.
I spoke with a friend of mine this afternoon who has an auto auction licsense and he gave me the following prices paid at auction in south Florida for a 2007 gs350 two weeks ago with similar mileage and they were $23K, $23,600, $24,800 and $23,575 respectively. He also sent me a report showing the average paid at auction in the South East Region for last week...23 were sold with an average of 43,000 miles at an average price of $24,501. So I feel my buy out price at lease end is not too bad.
Thanks for the repsonse and ideas!
I considered a 2011 528i but read in forums of problems; one forum member returned the car. Plus, BMW MF is high, and dealers still wanted $2k above invoice.
So, I consider 2011 Lexus GS 350, though I'd have to pay annually for saellite for for real traffic, pay for maintenace., and mpg is way inferior to BMW, so the price break on Lexus is quite as good as I thought.
My question to you -- what are MF for this Lexus for 2 or 3 yr leases for 12K, 15K miles annually?
Given bad press for Toyota with all the recalls, how can get get much over invoice?
You mentioned in earlier pos t possibly different MF for Los Angeles...
is it buying it from an L.A. dealer ,or living in L.A., or inL.A. County?
I'm in unincorporated L.A. County, but could easily buy from a dealer in L.A. City.
Do I need to know the residual?
Finally, you advised twice in the past -- and I paid BMW refundable security deposit and lowered MF. Does Lexus do that?
The numbers for an otherwise identical 2011 model are .00205 and 53%.
I'm sure that it will be cheaper to lease a 2010 GS now than it will be to wait and lease an all-new 2012 model when it is first available. Whether you should wait depends upon how badly you want the redesigned model and how much more you are willing to pay for it.
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Lexus Financial Services' September buy rate lease money factor and residual value for a 24 month lease of a 2011 GS 350 RWD with 15,000 miles per year are .00205 and 60%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
The numbers for an otherwise identical 36 month lease are .00205 and 53%.
If you were to lease this car with only 12,000 miles per year, its residua values would be 2% higher.
I am not intimately familiar with how much consumers are paying for this car right now, but for an '11 model I personally would shoot for $500 to $1,000 over invoice.
Car_man
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LFS' September buy rate lease money factor and residual value for a 36 month lease of a 2010 GS 350 RWD with 15,000 miles per year in its Western region are .00080 and 49%, respectively for consumers who qualify for its top credit tier.
The last time I checked, Lexus Financial Services' did allow consumers to make multiple security deposits on vehicles. Again, I haven't looked into this in a while but the last time I did it allowed consumers to make up to nine additional deposits, with each one providing a .00010 money factor reduction.
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Would you be so kind to provide me with the residual and money factors for a '11 GS460. Terms to be both 12k for 36 months. and 15K for 36 months.
I'm located in NY.
Thank you.
Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 GS 460 with 15,000 miles per year are .00205 and 51%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
The residual value for a lease with only 12,000 miles per year would be 2% higher.
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I am looking to snag a 2010 GS350 AWD with Package 1 this month. 3yr/10K lease.
Dealer is quoting me a Lexus program that offers 2500-3000 incentive and is offering the car at invoice.
Do you have information on special money factor and residual? He quoted me .00210 with 53% but the MF seems high to me. Thoughts?
Thanks a million
Lexus pulled the plug on its lease money factor support for most 2010 models so the .00210 money factor (and residual value) that you were quoted are right on the money.
If you like the car, I personally don't see any reason not to pull the trigger on this deal.
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2010 gs 350 AWD 36 months 15K miles per year
2011 gs 350 AWD 36 months 15K Miles per year
Thanks!
The numbers for an otherwise identical lease of a 2010 model are .00210 and 50%.
Infiniti is currently providing a $3,000 cash incentive on the 2010 model.
Keep in mind that Lexus will likely introduce its "December to Remember" sales event late this week. There's a good chance that its lease program will be more attractive then than it is now.
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Any word on the December to Remember sales event?
I'm looking for residual value and money factor on the following in NY.
2010 gs 350 AWD 36 months 15K miles per year
2011 gs 350 AWD 36 months 15K Miles per year
Any additional incentives for current Lexus lease holders that are almost out of lease?
The numbers for an otherwise identical lease of a 2010 model are .00210 and 50%.
The numbers for the '10 model are definitely worse, but Lexus is providing $3,000 dealer cash on it.
Lexus is not currently providing any loyalty cash incentives that I am aware of to loyal customers, but it is letting current lessees out of their deals up to six months early for free if they purchase or lease a new model.
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Lexus is not currently providing any cash incentives on this car that I am aware of.
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I was told I could have the car at invoice, and then the guy from the Finance Dept. told me that I'm missing a bunch of costs that will increase the invoice price. These additional costs include: Toyota Dealer Assoc., Dealer Holdback, and Whsl. Finanical Reserve. These total about $1600.00
Are these legitimate costs that are over Edmunds posted invoice costs? Or are they already included?
If you compare the Edmunds invoice to the dealer invoice, you'll notice that their invoice is lower by exactly the amount of those three items, which are added back in at the bottom of their invoice...
Well.. .maybe not the TDA.. that's an advertising fee that can vary by location. But the Holdback and Whsl.FinancialReserve are in the Edmunds base invoice price.
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Thanks in advance.
The numbers for an otherwise identical lease of the AWD model are .00150 and 64%.
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Also I would like to have GS350 rwd with ML option. The dealer $599 lease price is most likely for the base price. How am I going to address this. I am not very familiar with the lease process. Thank you.
Thank you.
As far as adding options to this car goes, just negotiate the lowest possible selling price on the car that you want and have the dealer use that price to calculate your monthly payment.
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Thank you.
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GS350 RWD?
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I know everything might change tomorrow but I am looking for lease figures for a GS350
3 year, 10 or 12k miles a year.
Mercedes is really pushing the 2011 eclass and their high residuals seems hard to beat,
thanks.
The residual value for a lease with only 10,000 miles per year would be 1% higher.
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Thx (That would be for the GS-350)
the gs350 the dealer was quoting basically MSRP minus a 1500 lexus credit. i can't find any data on whether the credit is for real, whether msrp is reasonable now because of short supply, or what the lease terms should be.
in a few months time i'm sure things will be clearer. at least edmunds has the invoice pricing up as of this last week... CR still doesn't list the 2013 (as of a couple days ago)
Lease terms were 64% res and .0020 MF i believe (or close anyway). 36 month, 12,000 miles.
Great car!
3k under msrp
plus 1500 conquest cash for lux owners
52,100 msrp
selling price 49100
66% resid for 10k/36
.0020 MF
621 per month with tax, with just drive offs of 1700, but applied the 1500 conquest cash so i left paying 200 bucks!
N Calif