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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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#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
#283 of 354 Lexus GS Leasing ? by qikcar Jul 18, 2008 (5:14 pm)
Planning on leasing a loaded lexus GS (premium + navi + ML audio/bluetooth). MSRP is 51900. MF is .00085 that I am qualified for. Will put down 2000 only in drive off costs. I need 36 months/12K a year lease. Best offer so far is 659 + tax. Other offers are 699 + tax, and 680 + tax. Residual quoted is 42-52% - its keeps on changing - or are they just lying? Sell prices are ranging from 46500 to 49000. Can I get this car for 650 w/ tax included or am I dreaming.   Thanks
#284 of 354 GS350 Lease by pawatson5 Jul 20, 2008 (9:57 am)
Gikcar,   You've been offered a great deal! I have been shopping for a lease in Dallas and have gotten much worse. Where are you located. I have been quoted a 48 month lease 820 down 711 per month, or 699 per month 1420 down, this inlcudes TTL. I want to get a 36 month lease so if you can share where you are located and the dealer I can try and get the same deal. I can travel to pick a car up.   Thanks! Replies to this message: qikcar (Jul 24, 2008 9:13 pm)
#285 of 354 Re: GS350 Lease [pawatson5] by qikcar Jul 24, 2008 (9:13 pm)
Replying to: pawatson5 (Jul 20, 2008 9:57 am) Pawatson5   For a 48 month lease, with 2000 drive off costs, i got 655 a month with tax included, for the fully loaded lexus gs 350. Maybe to far for you, but check out Longo lexus in el monte, ca and also glendale, ca lexus.
#286 of 354 Is this a good deal? by motoevolution Jul 25, 2008 (10:05 am)
2008 GS350 RWD ML + Nav MSRP $51590 Selling price $45100 36 month lease 15k miles per year with just first payment out of pocket. $709 + tax Residual 42% MF .0003 Do the numbers look right? The residual seems horrible compared to other brands. Replies to this message: Car_man (Aug 04, 2008 2:13 am)

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