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Lexus GS 350 / GS 460 Lease Questions

354 messages,  Last post on Nov 23, 2009 at 2:08 PM

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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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#268 of 354 Need help with 08' GS 350 deal.... by litman13 Jun 01, 2008 (10:18 am)
I got a lease in Houston, TX 08' RWD GS 350 with ML, NAV, 18' summer tire w/ spare, rear spoiler, rain sensing wipers, rear sun shade, ventilate seats, intuitive park assist, preferred accessory package...MSRP 51,590.... SELLING PRICE 46,388... OTD 49,569.04. I think it's a fair price I went to finance dept. and they told me if purchase w/out any down payment it would be approx. 980/month for 60 months. They recommended leasing, which they are having a special and Saturday was the last day. The lease came out to be 925/month for 36 months/ 15 k/ year. The residual value was 46%. I do not know what the money factor was....i would think it would be a fixed rate set by Lexus with good credit . This lease i only have to pay 925 at signing. I think the payment is too high....please give some advices on this lease. Thanks Replies to this message: adpcs (Jun 01, 2008 8:39 pm) litman13 (Jun 02, 2008 7:02 pm) adpcs (Jun 02, 2008 7:27 pm) and 1 more... tom17 (Jun 03, 2008 3:50 am)
#269 of 354 Re: Need help with 08' GS 350 deal.... [litman13] by adpcs Jun 01, 2008 (8:39 pm)
Replying to: litman13 (Jun 01, 2008 10:18 am) I'm not sure how much this will help, but I bought an 07 in August of last year from Dallas (I live in Houston). The price that you are getting sounds fair, but something else doesn't match up. My MSRP was $49047, and I bought mine for $44,200. Besides the first month payment, and security deposit, I put nothing else down. I have a 39 mo / 48750 mile lease. I pay $790 / month. You need to find out the money factor that they are charging, because I think that is where the problem is (it is negotiable, and they will try to get as much as they can from you). If you need someone to talk to at another dealership to confirm numbers, email me, and I can get you my sales lady's info. She was great to work with, and we did a deal in about 2 hours over email. Replies to this message: litman13 (Jun 02, 2008 7:02 pm) adpcs (Jun 02, 2008 7:27 pm) litman13 (Jun 02, 2008 8:03 pm)
#270 of 354 Re: Need help with 08' GS 350 deal.... [adpcs] by litman13 Jun 02, 2008 (7:02 pm)
Replying to: adpcs (Jun 01, 2008 8:39 pm) The MF is .00215 . I asked the finance guy that there are people that get .0015 at other dealers but he said that rate is unheard of. Is it true ? I did see some postings here that they get 49 % residual and .0015 MF. He also showed me the chart from Lexus financial stating the residual value for each term of lease. If you could please give me your sale lady' infor. Thanks Replies to this message: adpcs (Jun 02, 2008 7:27 pm) litman13 (Jun 02, 2008 8:03 pm)
#271 of 354 Re: Need help with 08' GS 350 deal.... [litman13] by adpcs Jun 02, 2008 (7:27 pm)
Replying to: litman13 (Jun 02, 2008 7:02 pm) I don't think I can put that info on the forum board. Can you send me a message with your email address, and I will be happy to give you more details. I have a feeling I know where you are getting your "deal" from... Replies to this message: litman13 (Jun 02, 2008 8:03 pm)
#272 of 354 Re: Need help with 08' GS 350 deal.... [adpcs] by litman13 Jun 02, 2008 (8:03 pm)
Replying to: adpcs (Jun 02, 2008 7:27 pm) litman13yahoo
#273 of 354 Re: Need help with 08' GS 350 deal.... [litman13] by tom17 Jun 03, 2008 (3:50 am)
Replying to: litman13 (Jun 01, 2008 10:18 am) FYI - There is about another $1600 that the dealer should come down if you work hard. The dealer in Orlando quoted me a price over $1600 less than what you mentioned on the same MSRP car. I got my local dealer to match it (FL). Not sure about leasing numbers since I paid cash.
#274 of 354 Re: GS350 Lease Factors for May [colslick] by Car_man HOST Jun 10, 2008 (2:28 am)
Replying to: colslick (May 23, 2008 11:54 am) Hi colslick. According to the latest information that I have seen, Lexus Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2008 Lexus GS 350 2WD with 15,000 miles per year are .00115 and 52%, respectively. The numbers for an otherwise identical 36 month lease are .00115 and 46%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#275 of 354 GS 350 Purchase by atlkevin Jun 14, 2008 (3:49 pm)
Hi,   This board is very helpful, but I can't find a lot of info on the right purchase price the GS 350. I'm considering the '08 GS 350 RWD with navi as the only addition. Cars Direct shows the invoice as ~$42k, but I didn't know how much (if any) these cars were going for over invoice. I can't find a board dedicated to "Prices Paid and Buying Experience" for this car, but I'm hoping some people on the board can chime in. I'm in Atlanta, if it makes a difference.   Many thanks! Replies to this message: tom17 (Jun 15, 2008 4:20 am)
#276 of 354 36 month lease by mfrf Jun 14, 2008 (8:29 pm)
Just was offered the following deal on a GS350 with nav. $686 per month 36 months 10k per year includes nyc salestax . no money down except for bank fee and license. Is this a good deal? Replies to this message: shtirlets (Jun 18, 2008 7:57 am)
#277 of 354 Re: GS 350 Purchase [atlkevin] by tom17 Jun 15, 2008 (4:20 am)
Replying to: atlkevin (Jun 14, 2008 3:49 pm) I bought a fully loaded ($52K sticker) GS350 2 weeks ago for about $1000 under invoice ($7K discount off MSRP). The dealer showed me the invoice & holdback. My price was below invoice and holdback. They had a $699 dealer fee, so that was their profit. I used the internet price from Lexus of Orlando and the local dealer matched it.

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