- #294 of 351
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Re: Recent GS350 lease prices [usp357]
by myerslaw
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Oct 09, 2008 (12:29 pm)
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Replying to: usp357 (Oct 09, 2008 8:36 am)
This is the first time I've seen an affordable/reasonable lease on the GS!!!! Good job. Pay very close attention now to your ride comfort/handling situation. Finally tired of being banged around by the 245-40-18 Yokohama summer tires, I just switched to Bridgestone Turanza touring tires in 245-45-18. The ride is quite different, much more comfortable, but the handling becomes slightly "floaty" over 100mph. Wife is ecstatic -- long drives are far, far more tolerable. Had the vehicle been new (mine is an 07) my dealer would have changed tires for me at 1000 or 5000 miles -- so see how you like them.
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- #295 of 351
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Re: Recent GS350 lease prices [usp357]
by maximafan
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Oct 13, 2008 (9:42 pm)
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Replying to: usp357 (Oct 09, 2008 8:36 am)
I was curious about the BMW "Free Maintenance". Does that also include the 15,000 and 30,000 mile maintenance that is due like we're supposed to do for our Lexii?
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- #296 of 351
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Re: Recent GS350 lease prices [maximafan]
by kyfdx HOST
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Oct 14, 2008 (3:13 am)
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Replying to: maximafan (Oct 13, 2008 9:42 pm)
Yes... it includes all maintenance within the 4yr/50K mile period.
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- #297 of 351
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Re: Recent GS350 lease prices [myerslaw]
by usp357
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Oct 15, 2008 (5:35 am)
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Replying to: myerslaw (Oct 09, 2008 12:29 pm)
I live in the Northeast so my tires are 50 series 17 inchers; I can't recall the width. Some exact tire size as my '06 530xi. The ride is about the same. Although the BMW is more sport tuned, the stiffer sidewalls on the GS run flats presents inherent ride characteristics. As for those of you out there contemplating the BMW, just remember to factor in that while the monthly on the GS will be lower, add about $500/year in service costs. Oil changes and tire rotation cost about $200. So if you amortize service costs over the course of a lease, that could be an extra $30-50/month that you would NOT pay for the BMW maintenance. And yes, the service is free. In the 3 years I had my 530xi, I did not pay one penny for service. That included a bunch of electrical work plus new brake pads, wipers blades, oil changes (Mobil 1), etc.
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- #298 of 351
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Re: Recent GS350 lease prices [usp357]
by billyperks2
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Oct 20, 2008 (8:21 am)
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Replying to: usp357 (Oct 15, 2008 5:35 am)
That included a bunch of electrical work plus new brake pads, wipers blades, oil changes (Mobil 1), etc.
So the car was in the shop a majority of the lease period?
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- #299 of 351
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Re: Recent GS350 lease prices [billyperks2]
by mmoreno1978
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Oct 24, 2008 (7:16 pm)
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Replying to: billyperks2 (Oct 20, 2008 8:21 am)
LOL!!!!!!!!
I hate my 535xi
I will never buy German again!
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- #300 of 351
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lease rate?
by mi7
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Nov 05, 2008 (10:22 am)
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Hi guys, what should the money factor and residual rate on the GS350 right now?
also, a found a GS 350 ($49k car) with the dealer willing to sell around $42k--is this a decent deal at this time? The reason why im asking about residual value is the dealer told me the GS stands at 42% residual. is this legit?
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- #301 of 351
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Re: lease rate? [mi7]
by Car_man HOST
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Nov 10, 2008 (3:42 am)
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Replying to: mi7 (Nov 05, 2008 10:22 am)
Hi mi7. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 GS 350 with 15,000 miles per year are an extremely attractive .00020 and an extremely unattractive 40%, respectively for consumers who qualify for its Tier 1+ credit tier. If you were to lease with only 12,000 miles per year, this car's residual value would be 2% higher. As you can see, the horrible residual value that the dealer quoted you is unfortunately correct.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #302 of 351
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Re: Recent GS350 lease prices [usp357]
by rescuu
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Nov 12, 2008 (9:23 pm)
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Replying to: usp357 (Oct 09, 2008 8:36 am)
I am interested in leasing a GS 350 AWD with NAV- 15K/36 mo only tax title etc down.Unfortunately I am not very versed in the lease lingo.Can someone tell me what is a reasonable lease. I have a great credit and I am willing to put down MSD.
Would appreciate your input.
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- #303 of 351
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Re: Recent GS350 lease prices [rescuu]
by Car_man HOST
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Nov 14, 2008 (4:42 am)
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Replying to: rescuu (Nov 12, 2008 9:23 pm)
Greetings rescuu. It is extremely important to understand how leasing works prior to entering into negotiations with dealers so that you can avoid being taken advantage of. The following informative articles that are available here at Edmunds.com will teach you everything that you need to know on the subject: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Here's the crib notes version. The best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the car that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Do some research to find out exactly how much you should pay for this car, the "Lexus GS Prices Paid and Buying Experiences" discussion is a good starting point. Then comparison shop with a few dealers in your area and go with the one that gives you the best price, provided you feel comfortable dealing with them.
Once you have arrived at a price that you are happy with, have the dealer calculate your car's monthly payment using its buy rate lease money factor. It is important to know what the buy rate is for the car that you want because dealers are often allowed to mark-up or pad money factors to add hidden, back-end profit to deals. Lexus Financial Services' current buy rate lease money factors for the GS 350 AWD are .00120 on the 2009 model and .00015 on the 2008 model for consumers who qualify for its top aka "Tier 1+" credit tier.
That's about it. As long as you focus on those two important numbers, the selling price and money factor, negotiating a lease isn't too difficult. Good luck and let us know if you have any other questions.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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