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Lexus GS 350 / GS 460 Lease Questions

357 messages,  Last post on Dec 07, 2009 at 2:59 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan


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#52 of 357
Re: Is this a good lease? [acespade] by Car_man HOST
Apr 30, 2006 (1:42 pm)
Reply

Replying to: acespade (Apr 12, 2006 7:26 pm)

Hi acespade. A base 2006 Lexus GS 300 2WD has a spread of a little over $5,000 between its full MSRP and dealer invoice prices. You were quoted a $6,200 discount on the car that you are considering. As long as the price that you posted is not taking your down payment into account, this is a very good deal. The money factor that you were quoted for this car is right in line with Lexus Financial Services' buy rate money factor for it for consumers who qualify for its Tier 1 credit tier. This factor is slightly lower for consumers who qualify for its Tier 1+ tier, at .00126. Overall, this is a very fair deal.
 
You really should not make such a large down payment when leasing though. If your leased car is totaled in an accident or stolen, your $3,000 essentially disappears. You would be better off not making any sort of capitalized cost reduction. According to my calculations, if you were to lease a base 2006 Lexus GS 300 2WD with an MSRP of $50,704 and a selling price of $44,500 through LFS right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $741.
 
Car_man
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#53 of 357
Re: April Money Factor [alboogie7] by Car_man HOST
May 01, 2006 (1:33 am)
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Replying to: alboogie7 (Apr 19, 2006 9:11 am)

Hey alboogie7. Lexus Financial Services' current buy rate lease money factor for the 2006 GS 300 is .00126 in most areas for consumers who qualify for its Tier 1+ credit tier.
 
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#54 of 357
Lease Deal on GS 300 RWD by pbijli
Jun 12, 2006 (4:50 pm)
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Hi there,
The MSRP on GS 300 rwd including NAV & Mark lev. is $50510 in Miami, Fl.
The lease deal I am getting is $608 + tax for 36 months with no down on 12k Miles. He is considering a .52 residual and tier 1 credit score. Is this a good deal?
Also why diff. lexus dealers use diff. residual value
eg. .52 and .55 for the same car.
appreciate ur help.
Thnks
Bij
#55 of 357
Re: Lease Deal on GS 300 RWD [pbijli] by gcannon
Jun 17, 2006 (5:08 am)
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Replying to: pbijli (Jun 12, 2006 4:50 pm)

Bij - sounds like a great deal. Can you tell me the Miami dealer, and your salesman, so I can get the same deal! Thanks, george.
#56 of 357
Reminder... by kyfdx HOST
Jun 17, 2006 (10:37 am)
Reply
Dealership names are okay...
 
Salesperson names are not okay..
 
Please see the message printed in red, just above the Post a Message box.
 
Thanks,
kyfdx
#57 of 357
Re: Lease Deal on GS 300 RWD [pbijli] by Car_man HOST
Jun 19, 2006 (3:37 am)
Reply

Replying to: pbijli (Jun 12, 2006 4:50 pm)

Hi pbijli. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what this car's selling price is.
 
Different Lexus dealers cannot use different residual values for the same car. Most likely, either the two dealers that quoted you different residual values are running the leases that they provided you with information on through different banks or they are using different mileage allowances.
 
Car_man
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#58 of 357
Re: Lease Deal on GS 300 RWD [Car_man] by chucky2
Jun 26, 2006 (6:28 pm)
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Replying to: Car_man (Jun 19, 2006 3:37 am)

What are the June MF and residual figures for a 36 month/12 K lease on a GS300? Is Lexus giving any lease support?
#59 of 357
Re: Lease Deal on GS 300 RWD [chucky2] by Car_man HOST
Jul 14, 2006 (1:57 am)
Reply

Replying to: chucky2 (Jun 26, 2006 6:28 pm)

Hi chucky2. Here is info on Lexus' new July lease program. If you were to lease a 2006 Lexus GS300 2WD through Lexus Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00126 and 50%, respectively.
 
Car_man
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#60 of 357
Lease Deal on GS300 AWD by ginfay
Jul 16, 2006 (5:11 am)
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Went to the dealer this past weekend and I'm looking to take advantage of the July lease deal.
 
Here are the numbers:
MSRP is $48,414, 36 month lease, 12,000 miles
 
Due at signing is $5535 - which inclues:
$2,500 Down pmt
$525 first pmt
$249 processing
$600 acquisition
$125 tags
$1536 taxes
Residual value is 50% = $24,207
 
My monthly payment is quoted at $519 a month.
 
Can you tell me if I'm getting a good deal?
#61 of 357
Re: Lease Deal on GS 300 RWD [Car_man] by smith000
Jul 18, 2006 (1:10 pm)
Reply

Replying to: Car_man (Jul 14, 2006 1:57 am)

Is this the same on a 3yr/15k lease or have residuals dropped?

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