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Lexus GS 350 / GS 460 Lease Questions

290 messages,  Last post on Aug 28, 2008 at 8:19 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#243 of 290
my recent lease by pimanian
Mar 24, 2008 (5:51 pm)
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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 290
Re: my recent lease [pimanian] by hhpn
Mar 24, 2008 (8:32 pm)
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Replying to: pimanian (Mar 24, 2008 5:51 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 290
Re: my recent lease [hhpn] by akhi2006
Apr 11, 2008 (8:35 am)
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Replying to: hhpn (Mar 24, 2008 8:32 pm)

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 290
GS350 Lease Offer...Need opinions by rmedine
Apr 16, 2008 (8:58 pm)
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Replying to: akhi2006 (Apr 11, 2008 8:35 am)

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 290
Re: GS350 Lease Offer...Need opinions [rmedine] by billyperks2
Apr 17, 2008 (8:38 am)
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Replying to: rmedine (Apr 16, 2008 8:58 pm)

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 290
Re: GS350 Lease Offer...Need opinions [billyperks2] by rmedine
Apr 17, 2008 (8:59 am)
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Replying to: billyperks2 (Apr 17, 2008 8:38 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 290
Re: GS350 Lease Offer...Need opinions [rmedine] by billyperks2
Apr 17, 2008 (1:41 pm)
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Replying to: rmedine (Apr 17, 2008 8:59 am)

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?
#250 of 290
lease on lexus rx350...2009 by vanb29
Apr 18, 2008 (1:18 am)
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have a quote of $617 on 48 m....1367 down.............sarasota,fl
no nav system..........15k per year
any comments would appreciate.....thanks bob
#252 of 290
intimidated but ready to lease/buy by readytoride
Apr 18, 2008 (10:07 pm)
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been emailing back and forth with northside lexus in houston, texas. quoted 45370 for non nav and 47270 for nav. this includes 'internet discount' i am not sure what to expect from leasing from lexus. ideally i'd like to just sign and drive with no out of pocket money. i want my payments max at 750. is this possible? what should i look for when negotiating my deal? plan to go to the dealership tomorrow.

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