Last post on Dec 04, 2013 at 8:49 AM
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Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan
#116 of 951 Re: Houston December lease deal [dano16]
Dec 10, 2006 (7:12 am)
Hi dano16. Is this for a 2007 model? The money factor that you were quoted is a little on the high side. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor for the 2007 GS 350 2WD is only .00225 for consumers who qualify for its Tier 1+. As you can see, this is a lit lower than the factor that you were quoted. It wouldn't hurt to shop around with another dealer or two to see what sort of money factor they quote you for this model.
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#117 of 951 Re: Dec. lease numbers GS350AWD [allagaroo]
Dec 10, 2006 (7:17 am)
Here's the information that you're looking for, allagaroo. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 AWD with 12,000 miles per year are .00225 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. This car's money factor is the same for 39 and 48 month leases.
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#118 of 951 Re: Dec. lease numbers GS350AWD [Car_man]
Dec 10, 2006 (8:19 pm)
Thanks car_man. Because the MF stays the same for 48 month leases and the residual drops to 45% it is the only LPS that has a very attractive 48 month lease. I don't know what the res. is for 39 months. If you are not tier 1 they are quoting .00235 MF. I like the car except for a hump on the inside of the center console that was rubbing against my leg????????
#119 of 951 What is "First Payment Capitalized"
Dec 13, 2006 (7:30 pm)
Our dealer added something called "First Payment Capitalized" to the gross cap cost
We already paid the first payment when picking the car up and I wasn't there the other day when my partner went there so I am not really clear what that is
'Cause to me it sounds like we paid the first payment with credit card and are paying it again in the gross cap cost
#120 of 951 Re: What is "First Payment Capitalized" [jdl300]
by kyfdx@Edmunds HOST
Dec 13, 2006 (7:37 pm)
Look for another line that has "Net Cap Cost". That should reflect any payments that you made upfront (including the 1st payment).
If it doesn't, then you might have a problem. It seems they go out of their way to make leasing paperwork confusing.
#121 of 951 Re: What is "First Payment Capitalized" [kyfdx]
Dec 14, 2006 (7:56 am)
net cap cost is from including the trade-in value, first down payment seems to not have been added
Is the total amount due at lease signing supposed to be added to capitalised cost reduction? or just the trade in?
What I have is:
Amount due at lease signing: $3978.17 ($3300 trade-in + 678.17 cash first payment)
Gross Capitalized Cost:
$40,962.50 the agreed upon value (dealer fee+wear and tear waiver included)
+$678.17 first payment capitalized as per what the sales manager said
+$216.83 of something, he says sales tax, not clear on what
$41,857.50 gross cap cost total
-$3300 trade-in adjusted cap cost
$38557.50 - Net cap cost (adjusted cap cost is what they call it)
In the end they said
$607.67 + 66.50 title + $3.99 sales tax = 678.17 cash at the dealer before taking the car ($626 actually before we re-did the lease due to false internet price they quoted us)
Advice to anyone out there about to buy:
Check the itemization box in the Gross Cap Cost so you can see how they arrive at the total price, because things can get slipped in there
make sure you are getting any specials and so on so you won't have to go back like us and point out we didn't get what they told us we got
#122 of 951 GS430 Details
Dec 28, 2006 (12:14 am)
Money factor and Residual for GS430 right now?
Dec 28, 2006 (3:49 pm)
Happy New Year Carman,
Any money factors and residuals for a 36 month 15K miles lease for the hybrid GS that LFS is offering?
#124 of 951 GS 350 AWD Lease Deal
Jan 08, 2007 (4:01 pm)
Can someone tell me if they think this sounds like a reasonably good deal:
GS 350 AWD
Mark Levinson Pacakage
$3,500 down (all cap reduction)
$600 per month (pre-tax)
15,000 mile/year leaes
I can't remember the money factor, but residual was 53%. Any thoughts?
#125 of 951 Re: GS 350 AWD Lease Deal [dras]
Jan 09, 2007 (6:27 pm)
This seems like a VERY good deal to me. Seems like something's missing.
Is it a 2007?
If you build it on lexus.com, what is the MSRP?
Your $3,500 down represents at least $111/mo savings (at 5% a year).
So if I were going to lease that car in CA with no cap red, it would be about $770/mo...still an excellent deal.