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2016 Lexus GSF initial quote ...what do you think

eyedoc2008eyedoc2008 Member Posts: 13
edited September 2016 in Lexus
hey all, so this is my quote from a dealer in So. cal for. '16 Lexus GSF. Haven't tried negotiating anything yet but what do you think? Your advice is greatly appreciated. I'm looking at a 36mo/10k lease
MSRP $88154
Discount savings $8156
Selling price $79998
Doc prep fee $80
Lic/title $648
Tire/battery/VTR fee $8.75
Acquisition fee $700
Tax on collected items $733.48
Total Cap $$82168.23
Cash cap reduction -$149.83
Rebate savings -$8000
Net cap $74018.40

Base payment $779.97
Monthly tax $70.20
36 month payment $850.17

Due on delivery $1000 ($149.83 cash cap red +  1st mo payment $850.17)
MF with x9 MSD .00038
Residual 54%
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  • kyfdxkyfdx Moderator Posts: 236,760
    eyedoc2008 said:

    hey all, so this is my quote from a dealer in So. cal for. '16 Lexus GSF. Haven't tried negotiating anything yet but what do you think? Your advice is greatly appreciated. I'm looking at a 36mo/10k lease

    MSRP $88154
    Discount savings $8156
    Selling price $79998
    Doc prep fee $80
    Lic/title $648
    Tire/battery/VTR fee $8.75
    Acquisition fee $700
    Tax on collected items $733.48
    Total Cap $$82168.23
    Cash cap reduction -$149.83
    Rebate savings -$8000
    Net cap $74018.40

    Base payment $779.97
    Monthly tax $70.20
    36 month payment $850.17

    Due on delivery $1000 ($149.83 cash cap red +  1st mo payment $850.17)
    MF with x9 MSD .00038
    Residual 54%
    I get the same numbers.. But, don't you have another $8100 due on delivery for the MSDs?

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  • eyedoc2008eyedoc2008 Member Posts: 13
    Any updates on residual and MF on a '16 GSF for this month? I'm looking at a 36mo with 10k and I live in so cal. Thanks in advance 
  • kyfdxkyfdx Moderator Posts: 236,760
    eyedoc2008 said:

    Any updates on residual and MF on a '16 GSF for this month? I'm looking at a 36mo with 10k and I live in so cal. Thanks in advance 

    Lexus only updates residuals quarterly, so it's still 54% for 36/10.

    The documents I have show MF of .00190 and $10K of dealer cash, this month.
    But, I don't have Western Region docs, so it may be different in CA.

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  • ArturoGattiArturoGatti Member Posts: 12
    Live in So. Ca. Trying to lease a CPO GFS 2016. Responses are "we don't lease used cars" Not sure I understand their logic. They're quick to point to this being a special car with limited production. When I point out that it's a limited production vehicle because Lexus is discontinuing the GS series in part that the price for the GFS can't compete with AMG and M Series BMW's both in terms if price and performance that ends the discussion. Is Lexus amenable to leasing CPO GFS's and am I peeing up a rope?
  • ArturoGattiArturoGatti Member Posts: 12
    Where did you find a dealer in So .ca wanting to lease a GSF?
  • kyfdxkyfdx Moderator Posts: 236,760
    ArturoGatti said:

    Live in So. Ca. Trying to lease a CPO GFS 2016. Responses are "we don't lease used cars" Not sure I understand their logic. They're quick to point to this being a special car with limited production. When I point out that it's a limited production vehicle because Lexus is discontinuing the GS series in part that the price for the GFS can't compete with AMG and M Series BMW's both in terms if price and performance that ends the discussion. Is Lexus amenable to leasing CPO GFS's and am I peeing up a rope?

    Leasing used cars rarely works out. The math just works against you.
    If the dealer says they can't lease it, then that's a pretty good sign that it isn't possible.

    The other posts in this discussion are two years old.

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  • ArturoGattiArturoGatti Member Posts: 12
    Needing feedback on a lease offer for a 2019 GFS 10th anniversary car. MSRP is $92,836. Sales price $73,500. MF: .00015, RV: 52%. 36 months, 12K miles/yr. $7K down payment (I'm waiting for response for the 3K buyer cash if coming from different manufacturer). Payments are $863/mo
     Is this a decent deal? If not, where do I need to hit them up for? Looking forward to feedback. Thanks folks  Arturo Gatti 
  • MichaellMichaell Moderator Posts: 240,997
    ArturoGatti said:

    Needing feedback on a lease offer for a 2019 GFS 10th anniversary car. MSRP is $92,836. Sales price $73,500. MF: .00015, RV: 52%. 36 months, 12K miles/yr. $7K down payment (I'm waiting for response for the 3K buyer cash if coming from different manufacturer). Payments are $863/mo
     Is this a decent deal? If not, where do I need to hit them up for? Looking forward to feedback. Thanks folks  Arturo Gatti 

    Please repost in the 2019 GS lease thread, here:

    https://forums.edmunds.com/discussion/53098/lexus/gs-350/2019-lexus-gs-lease-deals-and-prices#latest

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