Last post on Dec 13, 2013 at 9:28 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan
#165 of 970 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 970 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 970 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.....
May 02, 2007 (11:01 pm)
Trying to lease a '07 Gs350 fully loaded, MSRP $51,763. so far dealer discounted 2500 off msrp. I am putting 5k down and the payment that they are telling me are $714 tax included or $ 663 without tax. The MM is .0003 or 7.1%. I see you guys taking about Lexus MM of .0014 or else. Is it Fico driven or not. Fico is 704. This is for a 48 month 15K lease. What you do think??
#169 of 970 Re: Gs350 [vw4x4]
May 04, 2007 (9:29 am)
I think some of those numbers would be driven by your credit score just like for most financial products consumer apply for. I will say though I think you can do much better than the deal you are getting on this car. First the sales price you are being offered is too high. I got mine for $44,311 adn the MSRP was $49,483. Just based on that you can do better. Next I put nothing down other than the document fee I could not get them to waive (which was just $389). And will all that my monthly payment is $740 with tax on a 36 month, 12k per year lease. It would seem to me that you should be able to get a deal with nothing out of your pocket and a lower sales price and do much better. Also, consider this...you won't be owning the car so if you put down $5000 to pick up the vehicle and it gets totaled or stolen you'll never recover that money. You wouldn't rent something giving that much of a fee so why lease your car that way.
#170 of 970 Re: 2007 GS 350 [newcar28]
May 09, 2007 (8:03 pm)
Hi, newcar. I leased my RX350 from Lexus of Tampa Bay. So they said the GS is in high demand? That's strange, 'cause I see a lot more RX's on the roads in Tampa. You might want to check with -- I believe the name is Wilde Lexus in Sarasota. When I was perusing these boards early last year, there were some posts about some good deals to be had at Wilde Lexus. Check it out.
#171 of 970 Re: Question about deposit [hauss]
May 15, 2007 (2:36 am)
I'm glad that you're so happy with your deal, hauss. Enjoy your new ride!
Prices Paid Forum
#172 of 970 Re: gs350 lease question [1qx1m]
May 15, 2007 (2:39 am)
Hi 1qx1m. Begin by negotiating the lowest selling price that you can on the car that you want. The closer you can get to dealer invoice, the better. You can look up the invoice price of the exact model that you are interested in by visiting the New Vehicle Pricing section of this site. You also should stop by the following discussion to see how much other community members have paid for similar cars lately: "Lexus GS: Prices Paid & Buying Experiences".
Once you arrive at a price that you are comfortable with, have the dealer use this car's buy rate lease money factor to calculate your monthly payment. LFS' current buy rate lease money factor for the 2007 GS 350 is .00195 for consumers who qualify for its "Tier 1+" credit tier.
Prices Paid Forum
May 15, 2007 (2:59 am)
Greetings vw4x4. Let me begin by saying that $5,000 is way too much money to put down on a lease. I always advise consumers not to make large down payments on leased vehicles. Consumers who do risk losing them if their vehicle is totaled in an accident or stolen and never recovered. You can and should lease any car that you are interested in without making any cap cost reduction.
The money factor that you were quoted for this car is way too high. According to the latest information that I have seen, Lexus Financial Services' buy rate lease money factor for a 48 month lease of a 2007 Lexus GS 350 is only .00195 for consumers who qualify for its top credit tier. Make sure that the dealer you are working with uses this factor to calculate your monthly payment.
Prices Paid Forum
#174 of 970 Purchase/Lease Questions
May 21, 2007 (10:35 am)
Hello. We are looking at a 2007 G350. We can buy it going thru the "Costco Buyers Program" for approx. 2K over invoice. We will sell our current car which is a 2003 BMW 530i as I know they won't offer me squat on a trade. We really like our BMW but the warranty is up on Labor day and we don't want to gamble with any out of warranty issues. We have looked at quite a few cars in the last 6 months and to be honest they all have their highs and lows. We have driven the Infinity G35, M35, Lexus GS350, and BMW 3 series. The new BMW 5 is just a bit more than we want to spend with the same options as the Japanese cars. The BMW does have a feel all it's own however and that's what is hard to leave. Anyway, enough of my boring story and to the main questions. We have never leased a vehicle. It's hard enough to buy and not get burnt. How do you know if the lease numbers are fair? It just feels like another way the dealer can extract more money out of you if you don't know the system well enough. Any words of wisdom? Also, does anybody know what the changes will be on the 2008 models?