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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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#21 of 259 Re: 48 month residual factor [nato32597] by Car_man HOST Nov 13, 2005 (6:40 am)
Replying to: nato32597 (Nov 11, 2005 9:06 am) You're very welcome, nato32597. I am glad that I was able to help you out. Enjoy your new truck, it's a nice one.   Car_man Host Smart Shopper / Prices Paid Forums
#22 of 259 Re: CPO Lease [txcurtis] by Car_man HOST Nov 13, 2005 (6:44 am)
Replying to: txcurtis (Nov 12, 2005 8:51 pm) Hi txcurtis. Leases of Certified Pre-Owned vehicles are fairly similar to new vehicle leases. The main difference is that banks publish dollar value residuals for used vehicles, instead of percentages. So for instance, a CPO Lexus ES 330 would have a three year residual value of say $15,000 instead of a percentage like 50%. This is a hypothetical example, but you get the idea.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: txcurtis (Nov 13, 2005 2:55 pm) txcurtis (Nov 13, 2005 3:27 pm) Car_man (Nov 25, 2005 3:22 am)
#23 of 259 Car_Man Can You Weigh In by skiman5 Nov 13, 2005 (11:24 am)
Hi Car-Man-- I have a GX470 with a 25,000 mile lease over 39 months. It comes due by May. The extra miles were purchased upfront for only 10C. We are going over averaging 30,000-32,000 miles per year. As we prepare for the next vehicle we have learned that the near higher mileage charge is 20C /mile. My question is if it were you and you knew that you would be averaging 30-32K /year in miles financially would you lease again for only 24 months, 36 months, or would you buy and hold for 3 years? My feelings have been to walk away after 3 years and 90K miles to go to a new vehicle is the way to go. You thoughts please. Thank you. skiman3 Replies to this message: Car_man (Nov 25, 2005 3:19 am)
#24 of 259 Re: CPO Lease [Car_man] by txcurtis Nov 13, 2005 (2:55 pm)
Replying to: Car_man (Nov 13, 2005 6:44 am) Car_Man, Is there a resource where I can see what these residuals are. I see that many of these pre-owned GX 470s range from 38-42 depending on year model (2003-2004) and equipment (DVD - Navi etc). Can you estimate how much payment may be on a 2-3 year lease at 15K miles a year. I am just trying to find out if this is a feasible option before we go looking and my wife falls in love with a vehicle that we may not be able to afford.   Thanks Replies to this message: txcurtis (Nov 13, 2005 3:27 pm) Car_man (Nov 25, 2005 3:22 am)
#25 of 259 Re: CPO Lease [txcurtis] by txcurtis Nov 13, 2005 (3:27 pm)
Replying to: txcurtis (Nov 13, 2005 2:55 pm) Car-Man, I forgot one more very relevant question, with the CPO leases is there a substantial enough monthly savings to justify the CPO versus leasing a new vehicle.   Thanks
#26 of 259 Re: can someone please help me [msizzle] by xraydoc99 Nov 14, 2005 (7:47 pm)
Replying to: msizzle (Oct 23, 2005 7:59 pm) Is it o.k. to ask which national lease comany you worked with that you got that price through - or could you email me with the information.   Thanks
#27 of 259 Leasing GX 470 with High Mileage Requirements by skiman5 Nov 20, 2005 (6:43 am)
Hello Car-Man,    We have a 39 mo lease on a GX470 with 25,000 miles /year. Has Navigation, 3rd row seat & premuim set up. We purchases the higher miles at a dime extra and if we exceed the amount the charge is $0.15 for miles beyond 25K/year. However we are averaging 32K miles /year. As the vehicle comes off lease in late May 2006 we need to make some decisions which I'd appreciate your guidance on:    Now we hear Lexus charges $0.15 to purchase miles above 12K/year and then $0.20 for miles above & beyond the contracted amount. So if we sign a new lease for a new 2006 GX 470, knowing that we need 32K miles /year can you share what a 24 month lease would cost? Assume no cap cost reduction and 6% sales tax built into the monthly payment.    Could you also comment if you think a 24month vs 36 month lease is in our best interest to stay close to being within the 50K warantee ? In other words on a 2 year lease the 64K miles is closer to the warantee period than say a 36 month lease with 96K miles.    One final question. In your opinion knowing we put a ton of highway miles on our vehicle, do you agree that leasing either 24 months or 36 month leases is more economical for us than purchasing and then trying to sell /trade in the GX with high miles?    Car-man I welcome your guidance and council.    Thanks,    Skiman5
#28 of 259 Re: Car_Man Can You Weigh In [skiman5] by Car_man HOST Nov 25, 2005 (3:19 am)
Replying to: skiman5 (Nov 13, 2005 11:24 am) My gosh you do a lot of driving, skiman5! Where to you live? If I put that much mileage on my vehicle, I probably would purchase it rather than lease it. Theoretically, you would come out around the same if you leased a truck with this many miles and if you paid cash for it and sold it after putting on this many miles, but I personally would never lease a vehicle if I knew that I was going to drive this much. If I needed to drive this much, I would pay cash for or finance a car that gets excellent gas mileage and drive it into the ground. The only reason why I would get an SUV is if I really needed the space.   Car_man Host Smart Shopper / Prices Paid Forums
#29 of 259 Re: CPO Lease [txcurtis] by Car_man HOST Nov 25, 2005 (3:22 am)
Replying to: txcurtis (Nov 13, 2005 2:55 pm) Hey txcurtis. Unfortunately, I am not aware of any resource that provides informaiton on banks CPO residual values to the general public. I do not personally keep tabs on CPO lease programs either. If you're interested in leasing a certified GX, make sure to get a quote for what it would cost to lease an otherwise identical brand new truck. You may find that the new one is not that much more expensive to lease, especially with the new attractive "December to Remember" lease program that Lexus is running right now.   Car_man Host Smart Shopper / Prices Paid Forums
#30 of 259 Good Lease? by researcher10 Nov 28, 2005 (4:02 pm)
I have an lease offer on a 2006 GX470 without NAV and I was wondering if Car-man could tell me if it's a good deal. The Residual and money factors are better than you mentioned but the Capital Cost is higher. After reading on the "Prices Paid" forum I feel like I should be getting a better Capital Cost, but maybe that would just increase the money factor. Here's the deal:   MSRP is around $50,300 Cap Cost $46,600 Residual 60% Money Factor .0012 36 month lease term $5000 due at signing which includes First Payment $449, Acquistion fee $600, Dealer handling $399 and the remainder ($3552) as cap cost reduction.   I am also confused about the December to Remember sale. This dealer says this lease deal is only good through November. He said the December to Remember sale was just lease deals??? Seems strange. Replies to this message: Car_man (Dec 01, 2005 3:39 am)

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