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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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#181 of 259
Re: 2008 GX 470 [berisky] by Car_man HOST
Sep 07, 2007 (2:41 am)
Reply

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
#182 of 259
Re: 2008 GX 470 [Car_man] by berisky
Sep 14, 2007 (11:17 pm)
Reply

Replying to: Car_man (Sep 07, 2007 2:41 am)

White/Tan
 
$52,225 MSRP
$46,701 Negotiated
$1150 Chrome Whls
$160 Window Tint
$895 XM Radio
$2000 Rear Seat DVD in each headrest
$600 Acquisition Fee
$51,506 Total
 
$1500 drive off includes first payment & reg
$860/mo 35 months & 10k mi/year
 
Good?
#183 of 259
First Lease - GX470 by caligirl5
Sep 27, 2007 (9:27 pm)
Reply
This is the first time I am considering leasing and any information/advice would be appreciated. I received the following quote and it seems like a decent deal:
GX470 with MSRP: $53,536
Includes:
Navigation System / Mark Levinson Audio Package Includes:
Backup Camera
Cargo Net, Cargo Mat, Wheel Locks
Exhaust Tip
Rear Spoiler
Third Row Seat With Rear Air Conditioner
Tow Hitch Bracket
 
Sale price $45,688
Residual $29,444.
MF .00275
$1500 Total Drive Offs
36 $735. Incl Tax.
 
I asked for a quote based on 3 years/12,000 miles per year so I believe this is for 36,000 miles. I am trying to confirm this with the dealer. Will the December to Remember deals be better? Any chance I can negotiate a better money factor now and not wait until the end of November? I believe the money factor will go down to .00225 at that point in time.
Thanks for any responses!
#184 of 259
Re: First Lease - GX470 [caligirl5] by berisky
Sep 29, 2007 (11:09 am)
Reply

Replying to: caligirl5 (Sep 27, 2007 9:27 pm)

seems like a great deal. grab it.
#185 of 259
Re: 2008 GX 470 [berisky] by Car_man HOST
Oct 11, 2007 (2:56 am)
Reply

Replying to: berisky (Sep 14, 2007 11:17 pm)

Hi berisky. The truck that you described has a whopping spread of over $6,500 between its MSRP and its dealer invoice price. The $5,500 discount that you negotiated on the specific unit that you are interested in is a pretty reasonable price. It is probably equivalent to around $1,000 over invoice. Just make sure that the dealer that you are working with uses Lexus Financial Services' current buy rate lease money factor to calculate your monthly payment and you're all set. LFS' current buy rate for this model should be around .00275 for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#186 of 259
Re: First Lease - GX470 [caligirl5] by Car_man HOST
Oct 11, 2007 (2:59 am)
Reply

Replying to: caligirl5 (Sep 27, 2007 9:27 pm)

Welcome caligirl5. Since you have never leased before, 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.
 
The lease money factor that you were quoted good, it's right in line with Lexus Financial Services' current buy rate for this model. You are being given a huge discount on this truck as well. If you like it, I personally don't see any reason not to go for it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#187 of 259
Houston Texas GX470 by whichluxurycar
Oct 20, 2007 (2:01 pm)
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Does anyone know the lease factor and residual that I should expect in the Texas market for GX470 in a 36 month lease with a 15k mile/year allowance?
#188 of 259
Hello? by eyoung
Nov 09, 2007 (3:47 pm)
Reply
Where did everyone go?
I am looking for leasing information in Texas as well.
#189 of 259
December to Remember Sales Event by firstnten
Nov 24, 2007 (9:47 am)
Reply
Hi Car_man,
 
I'm looking for details on the December to Remember Sales Event. Specifically, I'm looking for cash incentives, taxes paid by manufacturer, money factor, and residual for a 36 month / 12,000 mile lease on a 2008 or 2007 GX 470 with navigation, third row seat, a rear seat entertainment system, both preferred accessory options, rear spoiler, and a tow hitch receiver with ball mount. I believe the entertainment package is the only option that changes the residual percentage. Also, I needed to confirm the money factor discount for multiple security deposits. Can you help?
 
Thanks.
#190 of 259
Re: December to Remember Sales Event [firstnten] by caligirl5
Nov 25, 2007 (4:41 pm)
Reply

Replying to: firstnten (Nov 24, 2007 9:47 am)

I'm also looking for leasing information for 3 years/ 12K miles per year on the same vehicle but a 2008 model only. So far I've received two quotes one with a .00295 money factor and the other with a .00255 mf. The residual given has been 56%. I doubt either of these dealers are giving the buy rate money factor.
 
Car_man, any help is greatly appreciated.

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