Last post on Dec 12, 2013 at 4:14 PM
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Lexus GX 470, Lexus GX 460, Car Leasing, SUV
#125 of 329 Re: 2007 residual & MF Dec to Rem [moose08]
Dec 11, 2006 (2:21 am)
Hi moose08. Lexus Financial Services' "December to Remember" buy rate lease money factor and residual value for a 36 month lease of a 2007 GX 470 without the entertainment system with 12,000 miles per year are .00225 and 57%, respectively. I provided you with this truck's 12,000 mile per year residual value because I have never seen info for a LFS lease with 10,000 miles per year. It may not lease vehicles with that low a mileage allowance.
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#126 of 329 end of lease question
Dec 18, 2006 (9:46 am)
I have a lease on an RX330 that ends in early March 2007 (which will be 3500 mi over). What kind of "deal" should I expect if I agree to lease a GX 470 now? I am considering other SUVs but would stay with Lexus if they offer a good incentive.
I assume I could get the "December to Remember" deal (by 1/2) and take delivery later in January? Is this worth it?
#127 of 329 2007 GX470 December to Remember
Dec 20, 2006 (10:45 am)
First, thanks for the great advice on this board! The research really helped me with my acquisition. $342 over invoice with Dec to Remember rates, tax incentives.
I just leased a 2007 GX470 $565 a month. Options: NAV,3rd row seat,rear spoiler, tow, preferred package
Aquisition Cost: $47,352 (includes Regional Mktg/Adv)
12,000 miles annual
9 security deposits
$0 down (no cap reduction)
$600 acquisition fee
Monthly Payment $565
Hope this helps!
#128 of 329 Re: 2007 GX470 December to Remember [hoggolfer]
Dec 20, 2006 (10:52 am)
Wow! That sounds like a great deal. Thanks, I will use this as a benchmark.
Can you clarify two things? What was the 9 security deposits you mentioned? Also, I assume the $565/month was excluding taxes?
#129 of 329 Re: 2007 GX470 December to Remember [suviwai]
Dec 20, 2006 (11:26 am)
With Lexus Financial Services, you can elect to apply up to 9 security deposits. Each security deposit lowers the money factor by $.0001 (from .00225 to .00135 in my case).
The $565 excludes taxes. My taxes are paid as a part of the December to Remember.
#130 of 329 Re: 2007 GX470 December to Remember [hoggolfer]
Dec 22, 2006 (11:00 am)
Wow, sounds like a great deal. I am currently in the process of trying to lease a GX470 with the same options but am getting quotes of $900 a month so far. May I ask what dealership you leased your Lexus through and what city.
Thanks and again, great deal!!
#131 of 329 Re: 2007 GX470 December to Remember [jb11393]
Dec 22, 2006 (11:06 am)
$900 is crazy. I probably will go for a different SUV, but was offered $701/month for 36 months, 15K mi/yr, with $0 down (configured MSRP was about $52K), including 2 pmts on my current car.
#132 of 329 Re: 2007 GX470 December to Remember [hoggolfer]
Dec 22, 2006 (11:23 am)
SO, how much did the 9 security deposits cost you up front or total and what are they or what do they do. I have never heard of that before.
#133 of 329 Re: 2007 GX470 December to Remember [jb11393]
Dec 23, 2006 (7:16 am)
LFS allows you to put additional security deposits down on a lease up to a maximum of 9. Each security deposit is equal to your monthly lease payment. More info is available on the Lexus website.
In my case, the 9 add'l security deposits were about $4,500.
I would highly recommend this approach vs. putting money down upfront. The reason being is that at the end of the lease you get your security deposits back...so at the end of my lease I get my $4500 back...where as with the down payment/cap reduction you lose that money.
#134 of 329 Re: 2007 GX470 December to Remember [jb11393]
Dec 23, 2006 (7:21 am)
WOW! $900 seems way too high for a 36 month lease on a GX470.
I would recommend that you print out my earlier note with the lease detail, take it to your local Lexus dealer, and ask them to match this offer. We live in the Dallas metroplex and both delears were competiting for my business. Do your homework and be prepared to walk out the door.