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Lexus GS 350 / GS 460 Lease Questions

281 messages,  Last post on Jun 25, 2008 at 9:13 AM

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What is this discussion about? Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan

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#218 of 281 Re: buying a gs.maybe [newcarz] by oblomov Dec 27, 2007 (10:31 am)
Replying to: newcarz (Dec 27, 2007 7:19 am) I think this definitely can be done. You will probably pay around $1700 out of pocket though (taxes being rolled in). That also depends on the state. I just leased 2008 GS350 AWD with navigation and all the other small options, but excluding MS, Laser Cruise, and Lexuslink. I negotiated the car down to about $45,700 (not best deal but decent with MSRP being $50,890, and invoice being $45,100 on this one including stupid ad fees which no local or not so local dealer wanted to budge on). With December to Remember Lexus Financing 0.00185 MF, 50% residual on 36 months, 15K miles a year, I got that for $3900 (taxes, tags, title, doc fee *grrrr*, first payment) out of pocket with $699/month payments. You figure that 3K of extra miles (compared to you) is $30, so say $670 is what you would be looking for, but throw in extra $75 or so for taxes. You wind up with $745/month with taxes rolled in. That's in MD, with 5% tax paid on the full price of the vehicle (yeah, it sucks here), and your mileage may vary.   All that said, it probably makes more sense to buy GS instead of renting since residual is low and MF is not really super. As a comparison, BMW 535xi residual is 61% I believe on 36months and 15K miles per year lease.
#219 of 281 End of the year December to Remember by moolman Dec 28, 2007 (3:58 pm)
Alright, here's a step by step breakdown of the costs, so that you can have an advantage when you buy or lease the car.   First off I should say that I purchased an add on of XM radio for $299 from the dealer. The XM was already installed by the dealership and they wouldn't take it out since it was installed. The car was the color and options I wanted so I relented and paid the 299. It's a decent deal for XM since Sewell sells the XM add on for $299 online and I got it installed for free with 9 months of service. Anyway, just wanted to state this because I see people post that they paid a certain price or invoice or below but don't reveal that they bought extra crap like a warranty or LoJack and overpaid for those items so of course they get the car for under invoice, since they got ripped off on the other stuff.   36 month lease with 15K miles per year.   MSRP: $51915 Sales price: $45764 (This price is invoice found on edmunds + TDA (advertising fee) of $552) Acquisition fee: $600 Registration, license: $364 Document prep: $48.71 Other fees: $8.75 (California Tire Fee)   Lease info: Gross Capitalized Cost $46,364 (sales price + acquisition) Current Money Factor for 36months 15K: .00185 Discount for putting down 9 refundable security deposits: 0.00072 Final Money Factor: .00113 Residual = 49% = $25,438.35 Total monthly payment with 8.25% tax = $717.06   I put no money down on the lease, I did make a 100% refundable deposit of $6,525 that saves me roughly $2,000 over the 3 years, not a bad investment since that money would of just been sitting in the bank, earning low interest and being taxed.   Total drive off was $7,672.86, $6525 of it are the MSDs and $1,147.86 was first months payment, license, tax etc. Replies to this message: sfreeman2 (Dec 31, 2007 8:14 pm) masterfung (Dec 31, 2007 9:02 pm) moolman (Dec 31, 2007 9:34 pm)
#220 of 281 Re: End of the year December to Remember [moolman] by sfreeman2 Dec 31, 2007 (8:14 pm)
Replying to: moolman (Dec 28, 2007 3:58 pm) Hi, Where are you located? I am in Bellevue, WA and they barely budge off of invoice, but I have them down about $3k off invoice. Did you get AWD? Thanks! Replies to this message: masterfung (Dec 31, 2007 9:02 pm) moolman (Dec 31, 2007 9:34 pm)
#221 of 281 Re: End of the year December to Remember [sfreeman2] by masterfung Dec 31, 2007 (9:02 pm)
Replying to: sfreeman2 (Dec 31, 2007 8:14 pm) You mean they will barely budge off of retail?   Can we get the Lexus MF and residuals for Jan? 15 miles and 36 months. Thank you!
#222 of 281 Re: End of the year December to Remember [sfreeman2] by moolman Dec 31, 2007 (9:34 pm)
Replying to: sfreeman2 (Dec 31, 2007 8:14 pm) The car is a RWD and I'm in So Cal hence the $8.75 California tire fee. California is a very competitive market so don't expect to get invoice else where. I have at least 8 dealers within a hour drive.   I would expect in January for the residual to remain the same but the money factor to go back up to 0.00285, or whatever it was prior to the december to remember sale. Also, realize that once the year is over, there is less incentive for dealers to squeeze that last sale and get up their sales numbers for the year, hence prices go up a bit. Dealers are willing to let go of cars a bit cheaper just to boost yearly sales goals. I would think if you buy before Dec 2, the last day of december to remember, it'll be okay. Haggle now and buy now, you'll be sorry if you wait.   If you are reading this post in january, don't expect to buy at Invoice anymore since it is not end of the year anymore.
#223 of 281 GS430 by ekndy Jan 11, 2008 (6:05 pm)
I'm undecided about purchasing or leasing. Has anyone been able to negotiate what you think is a fair deal in Central Florida? Thank you for any feedback.
#224 of 281 Car Man - thoughts on this lease? by richardjohn Feb 24, 2008 (6:15 pm)
2008 GS350 RWD w/Nav no ML -in Calif.   MSRP $49,635 Gross Cap $44,550 Residual - 50% Money Factor - .0017 36 months - 15k miles   Total due at signing $1,500 Monthly payment $743 w/ tax included Replies to this message: moolman (Feb 25, 2008 3:09 am) pimanian (Feb 29, 2008 5:22 pm) Car_man (Mar 05, 2008 3:43 am)
#225 of 281 Re: Car Man - thoughts on this lease? [richardjohn] by moolman Feb 25, 2008 (3:09 am)
Replying to: richardjohn (Feb 24, 2008 6:15 pm) I'm not carman, but that's a decent lease. During December to Remember the money factor was 0.00185 but if you can get 0.0017 that's very good. It's usually the lowest in the summer sale and the DtoR sale but maybe because of slow sales and the ecomony, they are having a low money factor. The residual is good. I got a 49% residual for 15K a year. You might consider doing Multiple Security Deposits that are refundable to lower the MF, if you can afford it, it's a good deal. I don't know the pricing right now on the GS. During the december to remember sale, they were going anywhere from the edmunds invoice price to $1500 over. If you can get $1500-2000 over edmunds invoice that would be a good price but depending where you are maybe negotiate hard, the ecomony is slowing down so less buyers right now. I don't know if your figure includes the $600 acqusition fee but I assume it does since you included a final montly price. Good luck.
#226 of 281 Re: Car Man - thoughts on this lease? [richardjohn] by pimanian Feb 29, 2008 (5:22 pm)
Replying to: richardjohn (Feb 24, 2008 6:15 pm) Where did you acquire this deal? My Portland dealer says for their GS350 AWD MF of 0.00249 , 49% residual on 36 mo 15K/yr. MSRP for the one I am looking at is about $53.5K and they won't budge below $50K.

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