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Lexus GX 470 Lease Questions

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

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

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#154 of 259 Looking for current money factor and residual values by mikem15 Mar 22, 2007 (5:16 pm)
Have gotten what I feel is a good offer but would welcome other feedback. I am looking at the '07 GX 470 with the $8,736 package (this includes the navi, 3rd row seat, rear entertainment, tow package, chrome exhaust, lexus link, rear spoiler). The MSRP is is $56,086 and the dealer is offering to sell the me the car at $49,301. The truck is black onyx and I like the color but realize it probably is not the hottest selling color. They are quoting me a MF of .00265 for 15K/year, 36 month lease, 53% residual through Lexus financial. Lease fee up front of $600 with payments of $799 including tax (6.5%). Total due at signing of $1,100.   By reading this forum, I feel the MF is good but am worried that the residual is low. With the entertainment package, shouldn't it be higher and around 56%? That of course would make a big difference in payments. Any one know of another leasing company or bank offering bettter MF or residual?   This forum has been a great refrence source, much to the dismay of the dealer!! Thanks for helping the little guy win one! Replies to this message: Car_man (Apr 09, 2007 3:24 am)
#155 of 259 Re: 2007 GX470 December to Remember [hoggolfer] by sengopalcricke Mar 23, 2007 (8:16 am)
Replying to: hoggolfer (Dec 20, 2006 10:45 am) Hi Hoggolfer, I am from Arkansas. Could you please give me the dealer and client advisor info in Dallas. It is ok to pm me. Thanks in advance
#156 of 259 Is this a good lease offer for 2007 GX 470? by lexie23 Mar 28, 2007 (10:01 pm)
Hi Car_man,   I'm new to this forum, but glad I found you guys! I was offered this quote thru an internet fleet site. What do you think? They would order (approx. 6-7 weeks) for delivery. Seems there aren't many fully loaded in CA.? Keep in mind my FICO is over 700.   2007 GX 470 Fully Loaded (excluding XM Sattelite)   $56,717. MSRP   $49,295. Cap Price $25,420. Residual Value (45%) .00202 Money Factor 7.75% Sales Tax   Base Payment: 654.29 Total Monthly Payment: 704.99 (includes tax)   Disposition Fee: 395. 1 Month Payment: 704.99 Fees & Ins: $416. (not sure what this is) Upfront Tax: $52.44 (not sure what this is) Cap Reduction (Cash) $626.57 (not sure what this is) Total Out Of Pocket: $1800. (doesn't add up?)   12,000 Miles 0.18 Excess Mileage Charge   Thanks for any and all help! =)
#157 of 259 Re: Looking for current money factor and residual values [mikem15] by Car_man HOST Apr 09, 2007 (3:24 am)
Replying to: mikem15 (Mar 22, 2007 5:16 pm) Hello mikem15. I'm glad that you have found this forum so helpful. It's amazing how much of a spread there is between this truck's MSRP and its dealer invoice price. The truck that you described probably has around a $7,800 margin between these numbers. You are being quoted a $6,785 discount on it, which is pretty good but you may want to stop by the following discussion to see how much other community members have paid for similar trucks lately before finalizing your deal: george05, "Lexus GX 470: Prices Paid & Buying Experience" #, 5 Sep 2003 4:02 pm.   Lexus is not currently providing any lease support on the GX 470, so if you were to lease one through Lexus Financial Services right now you would have to use its standard lease program. Fortunately, the money factor that you were quoted is right in line with LFS' current buy rate standard lease money factor, The residual value is what it is. Individual dealers do not have the authority to alter banks' published residuals. Of course, you might be able to get a better residual value by leasing through an independent bank, but I have not heard of any that have a more attractive lease program on this model than Lexus Financial does right now.   Car_man Host Prices Paid Forum
#158 of 259 Just signed deal in So cal for GX by ddubz Apr 30, 2007 (11:49 am)
i traded my RX 330 in with 9 months left on the lease. They took the car as a wash, so it didnt cost me anything. then:   MSRP was just under 55k with nav and dealer installed chrome rims. Titanium silver with gray int. (pretty common color i think) negotiated sale price of 45800 (i think about 1k under invoice?) total drive off of $6500 at signing (high i know but included first mo payment, etc...) mo payment of 583 12k mi/year 48 months   was this a good deal? i felt like it was at the time and took it on impluse.   I love the car, but it doesnt have quite the intricate details of the RX. but it is so roomy! Replies to this message: Car_man (May 15, 2007 3:03 am)
#159 of 259 Current May Money Factor and residuals for GX470 by vyacha1 May 04, 2007 (10:15 am)
Hello Car_Man! Can you tell me what is the current deals for GX470? I am looking at 36/39/48m 10K or 12K for a GX with ML/3rd row seating. Replies to this message: Car_man (May 15, 2007 3:08 am) hunts1 (Jun 02, 2007 7:07 pm) Car_man (Jun 20, 2007 2:47 am)
#160 of 259 Re: Just signed deal in So cal for GX [ddubz] by Car_man HOST May 15, 2007 (3:03 am)
Replying to: ddubz (Apr 30, 2007 11:49 am) Hi ddubz. Impulse buys are usually not a good thing, but a selling price of $1,000 below dealer invoice plus being able to get out of your current lease nine months early is an amazing deal, assuming that the money factor that you were charged is anywhere near this car's buy rate. You paid too much at lease signing though.   Car_man Host Prices Paid Forum
#161 of 259 Re: Current May Money Factor and residuals for GX470 [vyacha1] by Car_man HOST May 15, 2007 (3:08 am)
Replying to: vyacha1 (May 04, 2007 10:15 am) Hello vyacha1. Lexus is not currently providing any lease support that I am aware of on the GX 470. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease money factor. LFS' buy rate standard money factor may vary slightly by region and credit tier. The last time that I saw it, its buy rate for Tier 1+ customers was .00275. Its residual values for an '07 GX 470 without the entertainment system with 12,000 miles per year are 53% for 36 months, 50% for 39 months, and 43% for 48 months. The residual values for GX models that have the entertainment system are 1% lower.   Car_man Host Prices Paid Forum Replies to this message: hunts1 (Jun 02, 2007 7:07 pm) Car_man (Jun 20, 2007 2:47 am)
#162 of 259 Re: Current May Money Factor and residuals for GX470 [Car_man] by hunts1 Jun 02, 2007 (7:07 pm)
Replying to: Car_man (May 15, 2007 3:08 am) Any idea of current residual value for GX with 18k miles/yr for 36 months? Thnaks. Replies to this message: Car_man (Jun 20, 2007 2:47 am)
#163 of 259 Ending lease early.... by cdfwife Jun 06, 2007 (7:09 pm)
Any experiences ending your lease early? I am not sure whether I am going to sell or trade my 06, but, is there anything I should look out for? My payoff is good, but are there any hidden costs I need to be aware of? LFS mentioned I might have to pay taxes in addition to my payoff, but could not elaborate. This is my first lease experience.   Thanks in advance!

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