Last post on May 12, 2013 at 3:22 PM
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Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan
#540 of 682 Re: June financials for 2013 GS 350 F-Sport [bzimpf]
Jun 21, 2012 (9:53 pm)
conquest cash off the bottom, not the selling price
That is correct. When I got my GS350 on April 30th, the $1500 came off on the bottom line as cash down (I bought my car and financed $15,000 with Lexus Financial Services which is a requirement for the conquest cash). They treated the conquest as cash back to the customer.
I've got 1500 miles on the car and the ride and handling get better every day. I tried the Sport+ setting for stiffening up the suspension and steering as well as holding gears longer, and it definitely improves the car's responsiveness.
Hope you enjoy your new GS!
#541 of 682 GS350 F Sport
Jun 25, 2012 (10:28 am)
So appreciative of this forum - really helpful to someone who has not leased before like myself. I am ready to pull the trigger on a 2013 GS350 F Sport RWD and would appreciate any advice available from the knowledge base here in the forum.
My preference is for a 3 year lease with 15k/year on a Dark Gray/Black interior car. I have priced out what the estimated dealer invoice is for the following items:
Base car: $43,617
F-Sport w/cold weather: $6,130
Premium package: $1,400
Preferred Access. Package: $242
Rear wheel steer: $1,700
Mark Levinson Audio: $1,380
Navigation system: $1,735
Total purchase price with Regional Ad fees ($704) and destination ($875) is $56,707 (before tax & license). Estimated MSRP is $60,362.
I would like to minimize my down payment and use MSD to lower money factor, as recommended by most in the forum. My trade-in is a 2007 Mercedes GL450 (Logic7 and NAV only real upgrades) with 76,000 miles owing about $25,500 on loan, so I am guessing that the conquest cash would be a possibility as additional cash down. I am also assuming that there is minimal equity in my trade, although it is very well maintained.
My credit is only about 675, so I am curious if anyone can help to determine how that will effect the Money Factor, seeing that it is not Tier 1 credit. From the Lexus site, it looks like they add about 3 points to the interest rate. I have about $4,000 available now for all costs up-front, but can possibly stretch another $1,000 if needed.
Does it look like I might be able to keep my payment around $700/month on this? Also, does anyone know yet the July MF or residual value estimates? Do you know where I would find out how much of an aquisition fee or disposition fee is charged? Is there an additional fee for $15k miles per year?
Thanks in advance for anyone who can help or comment. I just want to be prepared when I walk in to make the deal and want to be comfortable walking away if the offer does not look right.
#542 of 682 Re: GS350 F Sport [tdroesch]
Jun 27, 2012 (6:37 am)
First of all, you should get $1,500.00 off because of Lexus conquest since you own the MB but no one knows if the program will continue in July. There will probably be a higher MF based on your credit. You need to find out the rate from multiple dealers since some dealers "add" on to the MF. The July money factor won't be known until July. Always have the dealer confirm the MF in writing. Also, you need to work on the price of the car since the lease payments will be based on same. Try to get invoice. Remember, typically better deals are had at the end of the month. Lastly, Lexus has run programs in December (December to Remember) and sometimes they have a program in August which may have a lower MF.
You may be better off selling the MB privately.
#543 of 682 Re: GS350 F Sport [zoombie99]
Jul 02, 2012 (11:31 am)
Does anyone yet know what the money factor & residual value for July is and also, possibly, what kind of penalty in rate or MF that I should expect by having credit at around 675?
#544 of 682 Re: GS350 F Sport [tdroesch]
by Car_man HOST
Jul 04, 2012 (6:55 am)
Hi Tom. Lexus Financial Servies' June lease program is scheduled to run through July 9th. The new July numbers won't be out until some time on the 10th.
A credit score of 675 puts you in LFS' Tier 2 credit tier. The money factors for that tier are typically .00045 higher than the best available aka Tier 1+ factors. The Tier 1+ factor for this car is currently .00190, so that would put your factor at around .00235.
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#545 of 682 Re: GS350 F Sport [Car_man]
Jul 04, 2012 (10:29 am)
Thanks Car Man,
Looking forward to hearing what those July numbers will be after the 10th.
Regarding using MSD's to pay down the MF, do you know how I can determine in advance what an estimated MSD would be and how many I might need to pay to lower the MF to the minimum? I would like to anticipate how much cash I will need to maximize my deal when I walk in to the dealership.
Also, when those MSD's are returned to you at the end of the lease, does the dealer just cut me a check for those funds (or allow me to roll it in to a new lease)? Seems like MSD's are a great tool to use when leasing.
#546 of 682 July Lease Rate
Jul 25, 2012 (1:21 pm)
Hi Car Man,
What is the money factor and residual for a 2013 GS350 RWD for 15K miles and 36mo.?
If I use the maximum 9 MSD's, how much of a drop in the money factor is there?
Jul 28, 2012 (10:57 am)
Hope somebody can help.
I am special ordering the above. The car comes to $61500 total MSRP. I'm looking to lease and the number my dealer (Phila-area) gave me were: $813.50 for 48 months.
I do not have any other details (residuals, etc)...the number is just what I was told.
Is this a good deal? Am I in the ballpark?
Any questions feel free to ask...
#548 of 682 Re: July Lease Rate [audiobuff]
by Car_man HOST
Jul 31, 2012 (4:45 pm)
Greetings audiobuff. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 RWD with 15,000 miles per year are .00190 and 61%, respectively for consumers who qualify for its Tier 1+ credit tier.
The last I heard, each additional deposit lowers the money factor by .00008.
Prices Paid: Buying & Leasing Experiences Forum
#549 of 682 GS350 Lease Numbers
Aug 01, 2012 (4:18 pm)
Hello Car Man,
What is the money factor and residual for a 2013 GS350 RWD for 15K miles and 48mo.? Please also provide the numbers for the same vehicle and term but for 12K miles.