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Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan
#240 of 969 08 lexus gs 350 leasing
Mar 24, 2008 (9:06 am)
i just got a deal and about to sign paper work with them so i need your help (this is the very first time i do a lease contract)
2008 GS 350, MSRP $49,630 (Navigation w/o ML Sound)
lease term: 36 month, 12,000 miles/year, $750 monthly payment, pay out option at the end of three years is $24300
i do not have to pay anything now, just $750 first month pmt.
is this deal acceptable to you guys? please i really need some info from you guys.
thank you so much
Mar 24, 2008 (9:21 am)
Can you provide more details like what is the selling price, residual, and Money factor so that I can let you know if it is a good deal or not
#242 of 969 Re: GS350 Lease [akhi2006]
Mar 24, 2008 (10:59 am)
thanks Akhi, i forgot my lease contract at the dealership so i do not have that kind of info, but i remember money factor was 15, i will have to come back up to resign because they put a wrong vin number on the contract. the first dealer i delt with, give me same deal $790 month, i contact this second dealer, and they gave me the best they can of 750. the first dealer is calling me, it looks like to me that they are willing to go lower, but ten or 15 dollar off that 750. i am very tired, i dont want to go back and forth just for several hundred over three years term.
#243 of 969 my recent lease
Mar 24, 2008 (4:51 pm)
Well I negotiated for my mom's 2008 GS350 AWD with Nav & ML system. MSRP was about $53K, we got the price down to $50K. The MF 0.0015 residual 49% for 3 years at 15K / year. Monthly came out to be $780. Due at signing was 1st month, registration stuff, and some outrageous $600+ in bank fees. I couldn't argue with them to remove the bank fee, they said it's manditory. Probably BS, but we were a lil tired of dealing at that point so we just took the deal.
Not sure if yours had AWD, but since we got AWD + ML system and at 15K / year, you probably have some room to negotiate.
This is in the Portland Oregon dealer
#244 of 969 Re: my recent lease [pimanian]
Mar 24, 2008 (7:32 pm)
thanks pimanian; i did sign paper work this evening, well, i can lower the payment by a few dollars, but i just let it go since they offered other great thing after all (pickup services, free maintenant for two years...)
even though i do not have the Sound and AWD (I do not need that here in tx) i do not wanna buy that option since i will probable turn it back in after three years, i dont want to pay for it then give it back.
my deal was not that bad compared to yours. my MSRP is 49600, i got everything in the car but AWD and the sound. i knocked the price down to 42700 then they added all the taxes and fees to the bottom line of 44's. your other fees plus the first month pmt cost you 2000's i only had to give them 750. my residual is also 49% (people kept talking about this figure but there is nothing we can deal with it since it was set up by the Lexus). well, it cost me 27k to drive that car for three years, i can probably cut it down to 26500 but 500 for over three year is not a material amount, plus i think i did get the best deal we can get, what do you think?
#245 of 969 Re: my recent lease [hhpn]
Apr 11, 2008 (7:35 am)
Carman, can you please let me know the MF and Residual for 08 GS350AWD for 12k miles per year and 36 months. The dealer quoted me MF .00095 and the residual is 49%. Thanks in advance.
#246 of 969 GS350 Lease Offer...Need opinions
Apr 16, 2008 (7:58 pm)
Hi all, this is my first post here. I currently have an IS350 but am looking to get out of my lease and get into a GS. I got an offer from an Los Angeles dealer to take backmy IS and give me a 2008 GS350 fully loaded, Mark Levinson sound, parking assist, etc. smokey granite, grey interior with black wood. MSRP 51.9K. The deal is 48 month lease, 2K down (includes first month, taxes and fees), 15K miles per year...for $650/month (taxes included). Is this a good deal?
Resid Rate = .38, MF = .0115
Thanks in advane for all of your thoughts and opinions.
#247 of 969 Re: GS350 Lease Offer...Need opinions [rmedine]
Apr 17, 2008 (7:38 am)
The payment and the out of pocket looks good but the residual and money factor are way off.The money factor you gave converts to about 27% and the residual is way too low for 48 months.With the factor given, I dont see how they calculated such a low monthly payment especially with the ML.
#248 of 969 Re: GS350 Lease Offer...Need opinions [billyperks2]
Apr 17, 2008 (7:59 am)
I'm sorry, I meant that the MF is .00115...I missed a zero. What sort of residual value should I expect for a GS for a 4 year lease? Seems that all of the dealers that I have called give me the same resid rate of .38 for four years.
Thanks for your opinions!
#249 of 969 Re: GS350 Lease Offer...Need opinions [rmedine]
Apr 17, 2008 (12:41 pm)
These dealers are so slimy- if they dont cheat you one way they try to do it another.The money factor I got was .0015 but my residual was 41% and this was everthing included but the ML.He was selling me capitalizing the car for $500 over invoice which I thought was not a bad deal.My monthly including tax works out to be$ 655. I am either going to purcahse or lease from this dealer, I actaully like dealing with my sales person-he has been more than patient with me for the past 6 to 8 months.
Is your car AWD or RWD?