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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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#307 of 354 Re: 2009 GS 350 Lease Offer [gator5000e] by cpa3 Nov 23, 2008 (9:56 pm)
Replying to: gator5000e (Nov 22, 2008 6:51 pm) Gator   I think you can do better. Try calling all the dealers around your area. I have never heard of the etag fee or a dealer fee...those are called profit. I also assume the govt fee are you dmv fees? I tried to create your lease payment. The only way I could get it to come to that number is that you also will be paying the 3500 down, the 2006 in fees plus the 699 first payment...then it works out to 699 plus tax. ...I have bought two lexus's 350 for my wife and my mother in law during the last year. In both cases I had to wait until the end of the month to get the deal I wanted....Dont go back to the dealer....do all the rest of your negotiation from home. I purchased those cars at about $1300 below dealers invoice...   Good luck and let us know how you did...I am helping my Dad get a car and he is considering this and the BMW....   The GS is a nice car but the residual value at 42% makes this an expensive car to lease. Compare this to the BMW 328i which has a 58% residual after 3 years... Replies to this message: gator5000e (Nov 24, 2008 6:57 am) cpa3 (Nov 24, 2008 7:51 pm)
#308 of 354 Re: 2009 GS 350 Lease Offer [cpa3] by gator5000e Nov 24, 2008 (6:57 am)
Replying to: cpa3 (Nov 23, 2008 9:56 pm) Thanks you cpa3. The money factor I was quoted, .00065, looks extraordinarily high. Am I miscalculating it or does that seem very high to you? I will also find out what those other fees are - understanding they are profit.   If anyone has leased a GS 350 recently, any specifics on MF, prices paid, etc. to assist in my negotiation would be appreciated.   And thanks,again, cpa3. Replies to this message: cpa3 (Nov 24, 2008 7:51 pm)
#309 of 354 Re: 2009 GS 350 Lease Offer [gator5000e] by myerslaw Nov 24, 2008 (10:02 am)
Replying to: gator5000e (Nov 22, 2008 6:51 pm) Assigning a 42% residual is what absolutely kills you on the monthly payments. Unless your plan is to buy the car at that time, this seems like a lease Carman would have you run away from.....fast. There is far too large an upfront payment, the monthly payments are ridiculously high (because of the completely non-competitive residual). The only good thing is an excellent starting price -- but that is simply eaten up by the residual. Lexus doesn't have incentives because I believe Lexus doesn't want to lease its cars itself. Why not see what another bank/leasing company would do if you gave them that purchase price?
#310 of 354 Re: 2009 GS 350 Lease Offer [gator5000e] by cpa3 Nov 24, 2008 (7:51 pm)
Replying to: gator5000e (Nov 24, 2008 6:57 am) Gator,   Assuming your .00065 is correct that equates to a 1.56% interest rate, which is an excellent rate....To arrive at this you take the lease rate and multiply by 2400...Maybe now that they have started their December to Remember event you can do better...The GS 350 is a great car...Just too bad the residual is so poor...
#311 of 354 by gator5000e Nov 25, 2008 (10:29 am)
Thanks, myerslaw and cpa3. Does any one know what the December To Remember promotion is exactly? All the lexus.com site says is contact your local dealer. Not much information, really. Replies to this message: Car_man (Dec 08, 2008 3:27 am)
#312 of 354 Re: Is this a good lease deal on 08 GS350? [redbull] by Car_man HOST Dec 08, 2008 (3:22 am)
Replying to: redbull (Nov 20, 2008 8:59 pm) Hi redbull. This car's selling price looks excellent and the money factor that you were quoted is right in line with Lexus Financial Services' current buy rate. If you like the car, I personally don't see any reason not to pull the trigger on this deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#313 of 354 Re: [gator5000e] by Car_man HOST Dec 08, 2008 (3:27 am)
Replying to: gator5000e (Nov 25, 2008 10:29 am) Hi gator5000e. through its December to Remember program, Lexus is providing special financing rates, dealer cash, or a special lease program on all of its models. On the 2009 GS 350, is is currently only providing lease support. Lexus Financial Services' special buy rate lease money factor on this car is .00120 right now.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#314 of 354 by gator5000e Dec 08, 2008 (3:42 am)
Thanks, Car_Man. Is the Residual still around 42%?   Thank you for your assistance. Replies to this message: Car_man (Dec 24, 2008 3:59 am) htbrn (Dec 31, 2008 7:41 pm) Car_man (Jan 20, 2009 3:06 am)
#315 of 354 Re: [gator5000e] by Car_man HOST Dec 24, 2008 (3:59 am)
Replying to: gator5000e (Dec 08, 2008 3:42 am) You're welcome, gator5000e. Lexus Financial Services' current 36 month, 15,000 mile per year residual value for a base 2009 GS 350 is 47%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: htbrn (Dec 31, 2008 7:41 pm) Car_man (Jan 20, 2009 3:06 am)
#316 of 354 waiting for delivery by ksvasan Dec 26, 2008 (2:42 pm)
Just paid the deposit on a (smokey granite. dark interior) 2009 GS350 w/o M/L. MSRP was 51,549, closed the deal at 45,700 plus tax and title. Probably not the lowest price, but wanted to close the deal this week end. Car is being transported from another dealer about 100 miles away and I was told that I should get the car Monday or Tuesday. This forum has been pretty useful in my research. Thanks everyone

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