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Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan
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.
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#174 of 952 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?
#175 of 952 TRY LEASECOMPARE!!
May 21, 2007 (12:00 pm)
Dear Stevenc, I ended up purchasing my GS at Lexus of Westminster (I've purchased there before and have had FAR better prices than the Costco program yielded). If you want to lease, though, numerous messages on this forum indicate that leasecompare.com is a great place to check out leasing. I was not able to negotiate a good lease on mine through Lexus, but got a sub-invoice price from the dealer, so went ahead and bought. But otherse using leasecompare found great terms, and I'll be trying them next time I want to lease a car.
#176 of 952 Re: Purchase/Lease Questions [stevenc56]
May 21, 2007 (2:54 pm)
Well, I hate to tell you this as I'm shopping for a GS350, but BMW lease numbers are a lot better than Lexus. You may be able to lease a new 5 series lower than the Lexus GS. I've found that the Lexus lease is not that attractive compared to BMW's. Like the previous poster says, compare BMW and Lexus on the leasecompare site.
#177 of 952 Re: Purchase/Lease Questions [gvr4wd]
May 21, 2007 (5:09 pm)
i have found that infiniti M is better than both as a lease. Money factor on the BMW 5 series is not attactive at all.
#178 of 952 Buying vs Leasing
May 21, 2007 (5:59 pm)
I'm thinking we may just buy again. We got a really good deal on our 2003 BMW as it was one of the last 2003 models so we will make a pretty fair amount selling it even though we still owe on it. We may actually keep this next vehicle long enough to pay off the loan if it's as reliable as we have been told. My local Lexus dealer will give us a pretty good deal-Right at 2K over invoice. I know some of you will say I can do better but this is a no haggle "Costco" price and my wife and I don't want to play games. We would rather have a pleasant buying experience that goes smooth and quick. Also, we would rather do business with the dealer that is closest for service. Besides, they have to make a little money to stay in business.
#179 of 952 Re: 2007 GS 350 awd navigation
May 29, 2007 (5:46 pm)
hello, I am considering either leasing a GS350 awd lexus with navigation or the Acura RL similarly equipped. Both cars are similar in price. I just found out the residual of the lexus is .56 and the money factor is .00205
why would the lexus have such a low residual? I wanted a 24 month lease with $4K due at inception and 20K miles per year and i was told $937 would be the monthly payments...sounds like a real high amount. My current Infiniti M35x payments are only $586 and it is a simlar lease.,, Any suggestions?
#180 of 952 Re: 2007 GS 350 [maximafan]
Jun 01, 2007 (7:09 pm)
I just wanted to thank you for your posting. As it turns out, I test drove the Es350 and fell in love with it. Tampa lexus gave me a measly $3k discount off the sticker 41322 and the lease price for a 36mo, 15 k lease was $704 per mo with $1500 out of pocket. I was also told to change two tires before turning it in. LExus of Sarasota offered to buy the car so I would not pay excess miles or replace tires, and offered the same deal for 636.00 per mo with $1321 due at signing (incl. tax, 1st payment, and dealer fee of $489). I think it is a fantastic deal!
#181 of 952 2007 GS 350 RWD Lease numbers
Jun 12, 2007 (7:47 pm)
Would you please provide the MF and residual (for June) for the 2007 Lexus GS 350 (RWD). I'm looking for the 3 yr/36,000 miles and 4 yr/48,000 miles figures. Also, do the June figures expire the end of this month or are they extended through July 4? I'm in Southern California.
#182 of 952 Re: 2007 GS 350 RWD Lease numbers [Bushwack]
Jun 20, 2007 (2:39 am)
Here's the information that you're looking for, Bushwack. According to the latest information that I have seen, through July 9th Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 GS 350 2WD with 12,000 miles per year are .00195 and 51%, respectively for consumers who qualify for its "Tier 1+" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 48 month lease are .00195 and 42%.
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