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
#158 of 951 Re: 2007 GS 350 [raj11]
Mar 25, 2007 (5:42 pm)
Congratulations! It is such a gorgeous car!. Well I finally went on Fri to the dealer in Tampa and found the prices to be outrageous, compared to what I have read and the figures in LEasecompare.com. I got a quote of SELLING PRICE 48997.00 plus sales tax, registration, etc. = balance due of $52924.66. With 1500 down, the lease payments for 36 mo, 12k lease (which I wanted 15K) is $938.00. LEASECOMPARE.COM can get it for me for:
Cap Cost of $43,081.00
15k per year
drive off $765.00
pamt: $765.00 mo.
turn in fee at end $395.00
I ahve a 2004 lexus 330 due to end in June 2007. At the dealer, they suggested I stay in my lease and perhaps extend it until August when they would clear out the 2007 models.
I found this ridiculous, particularly since the car is readily available through the leasecompare website at a much lower price -- which they ultimately will get from the same dealer. The dealers response as to their price is that the GS350 are in high demand and so the leases are really high priced. I found this very strange -- particularly when you have an interested customer with great credit, and willing to turn their current car in early.
I left the dealership and told the lady that I would email her the leasecompare numbers. If they can beat it, great, if not I will go through the website.
Thanks for the response!!
#159 of 951 Re: 2007 GS 350 [newcar28]
Mar 26, 2007 (9:57 am)
You should be easily able to get below $700 per month with just 1st month and license. ($1100-1200) with 15k. I wouldnt pay more. $965 is outrageous. Lexus mf is .00174
use this link
this has all the info on mf and residuals.
#160 of 951 Re: 2007 GS 350 [raj11]
Apr 07, 2007 (7:02 am)
Just received a quote on the same car in Atlanta. $705/mo not including tax for 36 months, 36,000 miles and $1,500 drive off costs, which includes a $250 cap cost reduction. The salesman, which sold us our RX330, says this is basically "friends of the family" pricing. I haven't asked him about the details behind the number yet, but I was curious whether anyone thought this was a reasonable deal.
#161 of 951 Help Need info re leasing NY CT area
Apr 08, 2007 (7:07 pm)
Could you pls give a CLEAR Simple explanation: What is residual %; is hi or low better (I just got 56% on a quote); What is "CapTax" (I just got 7.3750%). Thanks for your help
#162 of 951 Re: Question about deposit [hauss]
Apr 10, 2007 (2:44 am)
Hi hauss. Was the deposit that you made supposed to be refundable? Even if it was, you may have a very difficult time getting the dealer that you made the deposit with to give it back to you. I can't tell you how many times I have seen dealers drag their feet in giving back deposits that were supposedly refundable. If you made the deposit with a credit card, you can always dispute the charge with your credit card company if it comes to that. I personally would not back out of this deal unless the new dealer that you are working with can beat it by a significant amount. You are already getting a good deal on this car and who knows what sort of bait and switch the new dealer will try to pull once they have you sucked in.
Prices Paid Forum
Apr 10, 2007 (2:47 am)
Congratulations on your new car, raj11. You certainly got an excellent deal on it. Thanks for taking the time to share the details with everyone.
Prices Paid Forum
#164 of 951 Re: Question about deposit [Car_man]
Apr 18, 2007 (11:04 am)
Car_man, as it turned out this was the best deal I could get with the car and I went with it. So, I didn't have to worry about the lost deposit. I even had several dealers just tell me straight up buy that car we cannot beat that deal. So, I'm satisfied that I got a great deal now. We love the new car, BTW.
#165 of 951 Re: 2007 GS 350 [khammer]
Apr 18, 2007 (11:09 am)
khammer, I too am in Atlanta and just leased a 2007 GS350 (love it, btw). Something in that drive off cost seems off to me. I know Lexus dealers in Atlanta have a standard doc fee of $389 and they will not budge from it. Plus, there is the standard up front $41 tag and title fee. So, if they are telling you the drive off cost is $1500 and that includes a $250 cap reduction then it seems to me there is $115 unexplained. If I were you I would not pay any cap cost reduction (I didn't). Are you looking at getting the same vehicle options as raj11? That is the exact car I got plus XM radio thrown in for free. Do you know the rest of the lease details (money factor, gross cap cost, etc.)? I got mine at Hennessy Lexus of Atlanta and they were very easy and nice to work with. If you are getting the same car raj11 and I got then even with the mysterious $115 in drive off costs it seems to be a good deal.
#166 of 951 gs350 lease question
Apr 25, 2007 (7:28 pm)
where should I start my negoc. process with the dealer. I want the 350 with the Mark LEV. AND THE NAVI. Do not know where to begin.
#167 of 951 Re: gs350 lease question [1qx1m]
Apr 26, 2007 (5:11 am)
Use the Edmunds' service to receive quotes in your area. Make sure you select all the dealers in your area. Then, you could start negotiating.....