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Lexus GX 470 Lease Questions

255 messages,  Last post on Jun 22, 2009 at 6:00 PM

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

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#208 of 255 Re: Lease Rates for January [slojo] by Car_man HOST Jan 29, 2008 (4:51 am)
Replying to: slojo (Jan 08, 2008 4:37 pm) Hello slojo. Here's the information that you're looking for. Unfortunately, Lexus is not providing any lease support on the 2008 GX 470 in January. As a result, if you were to lease one through Lexus Financial Services, you would have to use its standard lease program. LFS' current buy rate standard lease money factor is .00255 for consumers who qualify for its Tier 1+ credit tier. Its 36 month, 12,000 mile per year residual value for an '08 GX 470 without the entertainment system is currently 56%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: dijital1 (Feb 01, 2008 8:30 am) neelkamal (Feb 19, 2008 9:42 pm) dijital1 (Feb 20, 2008 7:32 am) neelkamal (Feb 19, 2008 9:44 pm) Car_man (Mar 05, 2008 3:52 am) progolferv1 (Mar 21, 2008 6:31 pm)
#209 of 255 Re: Lease Rates for January [Car_man] by dijital1 Feb 01, 2008 (8:30 am)
Replying to: Car_man (Jan 29, 2008 4:51 am) Here is the Deal I made last night from Crown Lexus:   MSRP: $52,668 Neg price: $46,800 Net Cap $47,400. Bank Fee added MF .00255 15000/year 48 Months, 45% residual Drive off $ $1179   Payment $675 + tax.   Black w/gray int: what a nice Vehicle. We replaced our 2001 Sequoia Limited.   Dan Replies to this message: neelkamal (Feb 19, 2008 9:42 pm) dijital1 (Feb 20, 2008 7:32 am)
#210 of 255 Buying/Leasing Out of State by scoobman Feb 05, 2008 (9:45 pm)
Hi there,   I am not happy with the Lexus Dealers in MN. Want to buy/lease a 2008 470 and the sales people are slow, no inventory, and not motivated to make a deal---there are 3 or 5 cars in the state now, as they trickle in up here. I travel to Palm Beach quite a bit. If they have inventory and are eager to make a sale, what is the downside to purchasing in FL? (other than the drive home). Replies to this message: scijohnc (Feb 14, 2008 7:08 am)
#211 of 255 Re: Buying/Leasing Out of State [scoobman] by scijohnc Feb 14, 2008 (7:08 am)
Replying to: scoobman (Feb 05, 2008 9:45 pm) I don't know about the downside, but I can tell you the upside.   I leased from Palm Beach Lexus and got an amazing deal (closing time on New Years Eve helped). They had a large inventory and were great to work with. You should also check JM Lexus about 30 miles south. JM is the largest Lexus dealer in the Country and easily leads in sales every month.   The way it was explained to me is that JM Enterprises basically controls the Port in Jacksonville where the cars come in. They pick what they want and distribute the rest. Their showroom is 30,0000 SF and they have row after row of the GX-470's. When I purchased they didn't have black, but they probably had more than 100 in other colors.
#212 of 255 Re: Lease Rates for January [dijital1] by neelkamal Feb 19, 2008 (9:42 pm)
Replying to: dijital1 (Feb 01, 2008 8:30 am) Hello Dan,     What was the money factor on your deal? Did you pay any down? Replies to this message: dijital1 (Feb 20, 2008 7:32 am)
#213 of 255 Re: Lease Rates for January [Car_man] by neelkamal Feb 19, 2008 (9:44 pm)
Replying to: Car_man (Jan 29, 2008 4:51 am) Hello Car_man,       Do you know if the money factory (.00255) and the residual value (58%) negotiable? or they are fixed? Replies to this message: Car_man (Mar 05, 2008 3:52 am) progolferv1 (Mar 21, 2008 6:31 pm)
#214 of 255 Re: Lease Rates for January [neelkamal] by dijital1 Feb 20, 2008 (7:32 am)
Replying to: neelkamal (Feb 19, 2008 9:42 pm) MF was .00255   Nothing down, just the drive-off of $1179   I think I got a good price on the GX, but the MF isn't the best, but that was the deal. I am now looking at a is250 and the MF on those are much better: .00135.   Dan
#215 of 255 Re: Lease Rates for January [neelkamal] by Car_man HOST Mar 05, 2008 (3:52 am)
Replying to: neelkamal (Feb 19, 2008 9:44 pm) Hi neelkamal. Vehicles' residual values are set by banks and individual dealers do not have the authority to alter them. On the other hand, while dealers can not lower banks' buy rate lease money factors they are often allowed to mark them up to add additional, hidden profit to deals. That is why it is important to always find out what the buy rate is for the vehicle that you are interested in leasing. Lexus is not currently providing any lease support on the GX 470, however Lexus Financial Services did recently lower its buy rate standard money factor to .00235. Make sure that the dealer you lease from uses this factor to calculate your payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: progolferv1 (Mar 21, 2008 6:31 pm)
#216 of 255 Re: Lease Rates for January [Car_man] by progolferv1 Mar 21, 2008 (6:31 pm)
Replying to: Car_man (Mar 05, 2008 3:52 am) Just stopped by a dealer in dallas to work out a deal on the GX470. they said the money factor was .0035 and the payment was 810 a month for 48 months with tier 1 credit. Does that seem high?
#217 of 255 Lexus Gx470 lease deal by topgun26 Apr 10, 2008 (8:36 am)
Here is a deal I recieved on a 08 GX470 with nav, dvd, and sat radio        $743 per month, taxes in payments and no money down, just security bank fee, dmv and 1st month. its for 36 months and 12k miles. Any opinions of this deal? Thanx!

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