Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
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
Can I get the following numbers for a RWD GS350? I am looking to get one fully loaded. Please provide the Residual %, Money Factor, and 10K miles per year for 36 months for August.
Thanks in advance,
Omar
Pricing should be similar for Luxury package cars as they share the same factors. My local dealer was quoting $773 with $2500 down for the same car (same term/mileage), I can't believe how different the deal was/is between dealers!!!!
The money factor is the same, but the residual value for the AWD F-Sport drops to 68%.
If you were to lease with only 12,000 miles per year, these cars' residual values would be 2% higher. The 10k residuals would be 3% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP: $55,843
Sale Price: $51,446 (includes a $1,500 conquest cash)
Money Factor: .00113
Term: 27 Months
Residual: 69%
Miles per year: 15,000
Payment: $579.98 per month
Security Deposits: 9 @ $600 a piece. bought the money factor down from .002 to .00113.
Drive Away: $7,099.98 includes first months payment, bank fee, title, doc fee and 9 security deposits.
Thoughts?
Can you please tell me the September Money Factor and Residual for 12K and 15K/year on a GS350 AWD?
thank you,
Howdyman
MSRP: 56,538 (so invoice of $52,580?)
Purchase Price: 52,057 (includes conquest $)
15k miles at 58% residual
money factor of .002
All of the above does not include fees. I have seen posts about mutliple people buying down the money factor. Anyone have the math on this? Not sure I understand the complete financial picture.
Sorry for so many questions, but hopefully the info I am sharing helps as well.
Thanks
The residual value for a lease with only 12,000 miles per year would be 2% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
They are allowed to mark it up 1% correct?
Dealers are technically allowed to mark money factors up, but I personally would never allow a dealer to do so on a lease that I was getting, unless for some reason the dealer wanted to make its money that way and its selling price blew away every other dealers'. There's enough competition in my area that I ca avoid mark-ups fairly easily.
I'm not sure what this car's 27-month residual value is, but I suspect that it's around 68% or so.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
First, here is what I have on the table (let me know if this is worthy):
2013 GSF loaded w/o Levitson: $MSRP of $59,442
Worked purchase price down to $56,942, including conquest.
MF at .00155/ $2000 cap reduction = $721.74/mo 36 mo at 15K a year. ($4,076 out of pocket inc fees, tax)
Is this a good deal?
Here is 2nd issue - I submitted the credit app at 8:15pm to dealer, but Sept incentives were only good through 8pm, so now the deal is waiting on October Incentives, which could be worse.....anyone know October numbers yet?
SC
$799 48 months 10k miles.
zero down
$56,538 MSRP
$4500 discount-3k discount,$1500 conquest.
Residual-$27,703.62
Money Factor- .00185
Shouldn't I be at invoice, then minus discounts? Thanks.
You can definitely do better. While I don't know this month's MF, this is the deal I got or my wife back in August on an F-SPORT:
MSRP = $58,321
Sale = $54,126
Money Factor = 0.00145
Residual = 59%
Total Drive Off = $500.00 + Remote Start Included
36/mo & 12k mi
Monthly = $744.00 (includes tax)
Starfire Pearl/Black
This is good deal, not a great one. But at least you have a base to start from.
//J
Monday, October 08, 2012 10:16:47 AM
CUSTOMER DISCLOSURE
Customer Name: Inside Car Buying LLC WD Deal ID: 43152
Sale Vehicle: New 2013 LEXUS GS 350 9306 4dr Sdn AWD w/AC , Automatic , Odom: 0
Payment Details
Term 27
Base Payment 517.42
Total Payment 517.42
Purchase Option 39,134.90
MSRP 55,907.00
Est. Miles Per Year 12,000
Excess Mileage Charge 0.25
Amount Due at Signing
1st Month Payment 517.42
Acquisition Fee 700.00
Fees & Insurance 232.50
Upfront Taxes 1,087.47
Total Inception Fees 2,537.39
Total Cash Required on Delivery 2,537.39
Tax Information
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 57.16 7.3750 Upfront
Upfront Tax 1,030.31 7.3750 Upfront
Fee Information
Description Amount Paid
Reg 135.00 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
Also, does anyone know the October MF and residual for a GS350 F-sport rear wheel drive (loaded) on a 3 year lease with 15k/year?
Thanks!!
Each multiple security deposit (MSD) you put down, your money factor goes down by 0.0001 (or 0.0001 x 2400 = 0.24%). This means your monthly payment will decrease and you get your security deposit back at the end of your lease.
You can read more about MSD here - http://bit.ly/RmU2CH
I can't find current month lease rates on Google, but you can email a few dealers in (or out of) your area to see if they provide the same residual and money factor.
Best,
//J
Also, if I already lease a Lexus and a BWM, is there $3,000 in cash available, instead of just the $1,500?
Finally, are dealers typically doing invoice deals on these cars, and then subtracting the "conquest" cash?
Thanks and advise.
Regards
Armitagemike
27 months 10,000 mi/yr
MSRP $57,660
Sale price: $51,303
Rebate: $1500
Down Payment (including 1st month payment): $3500
Residual $39,174
Monthly Payment $457.48
Don't know if this was a good deal but the drive off, monthly payment and 27 month term fit for me so I took it.
The numbers for the 2013 GS 350 AWD non F-Sport are .00145 and 62%.
There is a $1,500 cash incentive on leases of this car to current owners and lessees of competitive models, but unfortunately you can't double up on it if you own two of them .
I doubt that you'll be able to get this car for straight invoice minus the conquest cash, but you never know. You can always try. I think that $500 or more over is probably more likely.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
What would the residual and money factor be on a 2013 GS 350 RWD F-Sport with 15,000 miles/year? Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you know what would the residual and money factor be on a 2013 GS 350 AWD with 10,000 miles/year for 36 months starting in November?
Also, I noticed that "December to Remember" includes complimentary 1st months payment (up to $850) on the lease of a new GS350 AWD. Can this be used in addition to the $1500 Luxury Owner Reward for owners of competitive brands? Thanks!
36 mos lease
12k/yr
Lexus GS 350 F Sport
MRSP: $56k
No $ down towards cap cost reduction
1st month and inceptions only
Monthly is $620 tax incl
Lexus will pay the 1st month
Is this a bad deal?
Any advice greatly appreciated.
It looks like your purchase price on this GS350 with MSRP of $56,220 is around $49,700-$49,900. That is a good price.
It would help knowing your lease tax rate then we can narrow down your cost on the car even more.
I plan on extra security deposits (4-5) and an out the door payment of $600 or less per month for 15,000 miles per year/36 months.
What would the residual and money factor be on a base 2013 GS 350 RWD with 15,000 miles/year, 36-months? Thanks!
not sure if this is the floor -
fyi dealers seem very aggressive...
for 33 months. 10,000 miles peryear. only condition is $5100 in refundable security deposit
which translates into $27 rent charge for the whole lease. Residual 63% of MSRP.
How good a deal is this?
There is a 24-month lease option for this car, but I wouldn't call it "great." The payment for a 36-month lease would likely be lower.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks!
Thanks!
Sorry to bother you again, but Lexus is pushing 27 month leases for their December to Remember promotion. What is the residual value on their 27 month lease? I'm assuming the money factor is the same: .00095?
Thank you!
Are the LFS money factor lease rates consistent across the whole country, or are there regional differences (or other factors) that would explain why my local dealer is telling me that the money factor to lease a GS 350 AWD with premium package for a 36 month / 10,000 mile lease is .00120 and not the .00095 that you stated? Is the .00095 money factor for purchases, or leases, or both? Just trying to figure out why I'm getting conflicting information. Thanks.
When determining the total of those 9 MSD's, does one calculate using the monthly payment amount at the original MF, or do you use the payment amount after reducing the MF?
For example (hypothetical):
I have an original payment of $750/month without any MSD's and 9 MSD's would bring that amount down to $650.
Do I need to put down $6,750 (9 x $750) or $5,850 (9 x $650)?
Probably a simple question but one that I have not been able to determine on my own!
Thanks,
Tom
$550/mo for 36 mo. paying $2500 upfront (taxes - in NY). No other fees as they are all rolled into price. Is this good? Thanks!
We moved over to the GS in the showroom so I could really check it out (remember, I went in for an ES). I am 6-2, with teenage kids even taller. I sat in the front and back seats just fine. However, I could not fit in the middle back seat. I had to lean forward and bend my head just to fit. The middle back seat is totally unusable for anyone over about 5-8. If you ever require a third full-size person in the back seat, the GS is unusable. I don't mean uncomfortable, I mean unusable. Deal breaker for me.
I am in SoCal:
2013 GS350 RWD Premium A package plus blind spot monitor and a few add ons: $53, 690 MSRP:
0$ due at signing, dealer covered first month payment for $508 tx included for a 27 month lease 10k miles per year. He originally offered me $499 tx included for the base model $52, 295 but they didn't have the color I wanted. So for an additional $1400 in options he only charged me an extra $9 per month.
I think this is a pretty good deal!
MSRP - $55.927 (AWD, Premium, Nav, Intuitive Park Assist, Blind Spot, Cold Weather, Performance)
36 mo/ 10K
$585/mo all in, including taxes (NY), destination and all those other fees.(I did have Conquest rebate)
Just go pick up car and drive away!.
Probably could have got another $5 or so off the lease price, but felt this was good considering I had to take no money out of pocket whatsoever.
Just left a Lexus dealership in Jersey and received the following:
MSRP:59,575
MF:.001
Residual:59%
$1500 reduction from competitive vehicle
First month Free
36 month 12k per year
$655.35 w/3395 down incl tax tags title etc..
Where can work these #'s...and how far can I move them?
Love the forum, used it for past 3 vehicle purchases, and appreciate the help!!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you happen to know this car's selling price or the money factor that the dealer is using to calculate your payment? These are the two main negotiable aspects of this deal. These numbers will help me to see if there's any room left to negotiate. Let me know and I'll tell you what I think.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum