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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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#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.
#278 of 354 Re: 36 month lease [mfrf] by shtirlets Jun 18, 2008 (7:57 am)
Replying to: mfrf (Jun 14, 2008 8:29 pm) mfrf, is your GS AWD or the base model? also, where did you get this deal from? Thanks.
#279 of 354 leasing a GS is terrible, buying may be worse financially by ghstudio Jun 21, 2008 (6:34 am)
The problem with leasing the GS350 is the terrible residual. Apparently Lexus doesn't think much of the value of their used cars. 52% residual on a 24 mo lease is almost unheard of....infiniti M35 is 62% which is typical. That's why the GS350's just shouldn't be leased...and if they are right, it's a terrible purchase as well.   And it doesn't get much better if you go out 36 months. Replies to this message: class77 (Jun 25, 2008 2:54 am) Car_man (Jul 09, 2008 1:40 am)
#280 of 354 Re: leasing a GS is terrible, buying may be worse financially [ghstudio] by class77 Jun 25, 2008 (2:54 am)
Replying to: ghstudio (Jun 21, 2008 6:34 am) Why in the world is the residual so low? The residual for a 2 yr/15,000 mile BMW 535 lease is 66%. For 3 years, it's 55%.   In the real world, are people that sell their Lexus' after 2 years getting that poor a price? Replies to this message: Car_man (Jul 09, 2008 1:40 am)
#281 of 354 Lexus has a reasonable explanation - I guess by myerslaw Jun 25, 2008 (8:13 am)
I, too, could not stomach the leasing rates on the GS350 last year. Clearly, it was not a purchase method Lexus wanted to subsidize! But if Lexus doesn't own and lease the vehicles, then Lexus doesn't end up in 2 or 3 years with a large number of leased vehicles which it must then dispose of. So I'm guessing that Lexus, like any good Japanese company, is taking the long view rather than the three month time period American (and I guess German) companies do -- they worry about things further ahead - they lose some sales now, but they have fewer worries down the road. However, it sure doesn't sound good when a dealer gives you a 52% residual!!!!
#282 of 354 Re: leasing a GS is terrible, buying may be worse financially [class77] by Car_man HOST Jul 09, 2008 (1:40 am)
Replying to: class77 (Jun 25, 2008 2:54 am) Hi class77. The reason that Lexus Financial Services' residual values are lower in general than BMW Financial Services' residuals is that BMW artificially inflates its vehicles' resids to provide consumers with lower monthly payments while Lexus does not...at least not as much. BMW will deny that they do this until they are blue in the face, but it's vehicles' residual values are unrealistically high. That's great for lessees, but not great for them when they get the cars and trucks back.    Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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