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Lexus GX 470 Lease Questions

259 messages,  Last post on Oct 27, 2009 at 1:42 AM

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

What is this discussion about? Lexus GX 470, Car Leasing, SUV

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#1 of 259 Lexus GX 470: Lease Questions by Car_man HOST Aug 31, 2005 (3:25 am)
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Lexus GX 470. Thanks.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: hotchilipepper (Aug 11, 2007 2:43 pm) Car_man (Sep 07, 2007 2:36 am)
#2 of 259 Leasing a GX 470 by geezer52 Sep 03, 2005 (8:54 pm)
I am considering trading in my 2002 GMC Yukon, which I purchased for a GX470. The dealer is pushing lease stating save your money...but to me it looks like I get no equity, however the residual on the GX470 is so good I may want to buy it in 3 years...should I lease or buy it.
#3 of 259 Re: Leasing a GX 470 by Car_man HOST Sep 08, 2005 (2:58 am)
Hi geezer52. While Lexus August lease program for the GX 470 was pretty good, it is not providing any sort of lease support on it in September (the new program actually did not start until September 6th). As a result, if I was in the market for this truck, especially if I planned on purchasing it at lease-end, I probably would just pay cash for or finance it. It is in your best interest to get pre-approved by a local bank, credit union, or bank that does business on-line to finance this truck prior to discussing financing with any dealers. Getting pre-approved will give you an idea of what sort of interest rate to expect and may motivate the dealer that you get your truck from to try to beat the rate that you already have.   Car_man Host Smart Shopper / Prices Paid Forums
#4 of 259 Lease help, please by gap4jason Sep 15, 2005 (11:54 am)
Is this good?   2005 GX 470 with Nav, NO Rear Ent System (can install at $1500 extra) The best price I got was for $45,717 (invoice price)   Lease for 36 months 15,000 miles $1500 down $653 month (tax included) MF .00188 RV $29,252.72   Is this good? Replies to this message: kyfdx (Sep 15, 2005 12:13 pm)
#5 of 259 Re: Lease help, please [gap4jason] by kyfdx HOST Sep 15, 2005 (12:13 pm)
Replying to: gap4jason (Sep 15, 2005 11:54 am) Car_man will need the MSRP of the vehicle to give you an opinion on the lease price.. Also, is the $1500 down a cap cost reduction, or the entire amount due at signing?   regards, kyfdx Host-Prices Paid Forums
#6 of 259 GX 470 Lease Help by delax Oct 04, 2005 (10:57 am)
Just requested a lease quote from a philly area dealer for a 36 Mo 15K lease on a 2006 GX470. I still have to receive the email quote but lexus.com had a special lease deal thru Nov 22 (I beleive it is nationwide) with a money factor of 0.0019 which translates into an APR of 4.56%. Is this a good deal for someone with a FICO score of more than 750. Additionally, what is the current (Oct) RV for a 2006 GX 470. Any help is appreciated. Thanks!!
#7 of 259 Lease Quote by delax Oct 04, 2005 (2:36 pm)
Heres a quote I received a short while ago for a 2006 GX 470 with Mark Levison, Navi, 3rd row and DVD entertainment - fully loaded MSRP $54,658 Cap Cost $51,524 Money Factor 0.0021 RV $32,794.8 36 Mo and 15K miles per year Lease quote $760 per month inclusive of taxes ($697+$63) Please let me know if this is a good deal Thanks Replies to this message: delax (Oct 04, 2005 2:37 pm)
#8 of 259 Re: Lease Quote [delax] by delax Oct 04, 2005 (2:37 pm)
Replying to: delax (Oct 04, 2005 2:36 pm) Additional Info that I forgot Zero Down
#9 of 259 Re: GX 470 Lease Help by Car_man HOST Oct 10, 2005 (2:43 am)
Hi delax. The 2006 GX 470 is one of the few models that Lexus is providing lease support on this month. The .00190 lease money factor that you were quoted for this truck is right in line with Lexus Financial Services' buy rate money factor for it. This is as low as it gets for this truck, even for someone with a great credit score like yours. LFS' current 36 month, 15,000 miles per year residual value for a lease of a 2006 GX 470 without the navigation or entertainment systems is 58%.   Car_man Host Smart Shopper / Prices Paid Forums
#10 of 259 Re: Lease Quote by Car_man HOST Oct 10, 2005 (2:58 am)
Delax, you are being given a $3,000 discount on a truck that has a whopping $6,000 margin between its full MSRP and dealer invoice prices. If you are in an area where there is a decent level of competition, I would not be surprised if you were able to get a little more than $3,000 off of this truck. For additional feedback on how much you should expect to pay, stop by the following discussion: george05, "Lexus GX 470: Prices Paid & Buying Experience" #, 5 Sep 2003 7:02 pm.   I'm not sure why the money factor that you mentioned in this post is higher than the one that you mentioned previously, .00210 versus .00190, but unless you are having your security deposit waived it would be in your best interest to insist that the dealer that you are working with use the .00190 factor to calculate your truck's lease payment.   Car_man Host Smart Shopper / Prices Paid Forums

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