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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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#172 of 259 Re: Resid/MF for June [Car_man] by us_matrix Jul 31, 2007 (4:08 pm)
Replying to: Car_man (Jul 31, 2007 2:17 am) Hi Car_man,   I am new to Lexus leasing world. I am thinking about to get jeep. In my mind, GX 470 or X5. I am currently leasing a MB E350 but i have some question about the residual value. In MB or BMW, their residual value is 60% for 36 months in 12k per yr. But i just learned that from Lexus their residual value is much lower like 50% in same term, which mean that lease payment will be much higher than leasing a MB or BMW with the same selling price and MF. Please correct me if i am wrong. I always thought Lexus is not depreciate as much as MB or BMW but it does not seems like in leasing game.   Thanks Replies to this message: Car_man (Sep 07, 2007 2:26 am)
#173 of 259 Re: Resid/MF for June [Car_man] by toddc2 Aug 02, 2007 (1:16 pm)
Replying to: Car_man (Jul 31, 2007 2:17 am) Hi Car_man,   Same question for 60 month, 12k miles and tier 1+ credit. I've seen bank quotes as low as MF .00226 and residual 39% for this lease, just looking for the best deal. Replies to this message: Car_man (Sep 07, 2007 2:32 am)
#174 of 259 Re: Lexus GX 470: Lease Questions [Car_man] by hotchilipepper Aug 11, 2007 (2:43 pm)
Replying to: Car_man (Aug 31, 2005 3:25 am) Hi Car_man,   I have a 2005 GX and my lease will run out Aug 2008. I'm pretty excited about the new 08 GX model coming out at the end of the month, since I will definitely lease another GX again. I do have a question regarding turning in my 05 GX next year with the after-market DVD entertainment system. Can I take them out before turning the car in at the end of my lease, so I can install it in the new car? Basically the 2 LCD screens on the headrests will come out and the original headrests that came with the car will go back in. The DVD unit is inside the center console and can come out without damages to the car. The after- market entertainment system price was included in the original lease price. I was told by someone that since it's not factory-installed, I can take it out before turning the car in. Is that correct? Thanks for your help! Replies to this message: Car_man (Sep 07, 2007 2:36 am)
#175 of 259 Just lease a GX-470 by freshwater Aug 25, 2007 (8:23 pm)
I leased a GX-470. Their was trade in involve too. MSRP=$55650.(NAV/3rd seat/RES.....) negotiated price=$49000 (delaer told me the invoice is $48650) 36m/12k. $0 down. per month $880 (out of door every thing included)) but also get back $11.5K for my trade in after they will payoff my car. I got the kkb value for trade In. So if I do the math right it will be $560/month since I got back 11.5k. (11500/36 = 320) 880-320=560.   Is that a reasonable deal. The deal was done in 30 min not much hassle since I asked him that I will pay invoice price only and I am sure if I would have persist more they would have come to invoice but since a trade in was involve I did not push for more. They offer me the best price I got so far on trade in. Replies to this message: Car_man (Sep 07, 2007 2:40 am)
#176 of 259 2008 GX 470 by berisky Sep 05, 2007 (11:40 pm)
I'm about to lease a '08 GX470 White/Tan.   MSRP $52,225 + tax.   36 mo / 30k miles   They want $1,400 drive off and $880/mo (incl tax)   Good deal? Replies to this message: Car_man (Sep 07, 2007 2:41 am) berisky (Sep 14, 2007 11:17 pm) Car_man (Oct 11, 2007 2:56 am)
#177 of 259 Re: Resid/MF for June [us_matrix] by Car_man HOST Sep 07, 2007 (2:26 am)
Replying to: us_matrix (Jul 31, 2007 4:08 pm) Greetings us_matrix. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   Let's take a look at the lease programs for the trucks that you mentioned. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 GX 470 with 12,000 miles per year are .00285 and 52%, respectively. If I recall correctly, BMW Financial Services' current money factor and residual value for an otherwise identical lease of an '07 X5 3.0 are .00230 and 58%. As you can see, BMW's lease program for the X5 is much more attractive than Lexus' current program for the GX 470.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#178 of 259 Re: Resid/MF for June [toddc2] by Car_man HOST Sep 07, 2007 (2:32 am)
Replying to: toddc2 (Aug 02, 2007 1:16 pm) Hi toddc2. I always advise consumers against leasing for 60 months. It is usually very expensive to get out of leases prior to their scheduled end dates. A lot can happen over the course of five years to make you want to get a different vehicle. Your commute to work could change causing you to go way over your mileage allowance, you could get sick of your truck and want something different, etc... It is best to stick to a 36 to 39 month lease, 48 months at the longest.   Lexus is not currently providing any lease support on the GX 470. If you were to lease one through Lexus Financial Services right now, you would have to use its standard money factor. Its standard factor may vary slightly by region, but it should currently be around .00285 for consumers who qualify for its Tier 1+ credit tier. LFS' current 60 month, 12,000 mile per year residual value is only 36%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#179 of 259 Re: Lexus GX 470: Lease Questions [hotchilipepper] by Car_man HOST Sep 07, 2007 (2:36 am)
Replying to: hotchilipepper (Aug 11, 2007 2:43 pm) Hi hotchilipepper. If the dealer did not residualize the aftermarket entertainment system that you put in your leased GX 470, and I suspect that they did not, then you would be able to take it with you at the end of your lease so that you can install it in your next vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#180 of 259 Re: Just lease a GX-470 [freshwater] by Car_man HOST Sep 07, 2007 (2:40 am)
Replying to: freshwater (Aug 25, 2007 8:23 pm) Congratulations on your new truck, freshwater. Thanks for taking the time to share the details of your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#181 of 259 Re: 2008 GX 470 [berisky] by Car_man HOST Sep 07, 2007 (2:41 am)
Replying to: berisky (Sep 05, 2007 11:40 pm) Hello berisky. You never mentioned the selling price of the GX 470 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 truck 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 its selling price is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: berisky (Sep 14, 2007 11:17 pm) Car_man (Oct 11, 2007 2:56 am)

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