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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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#214 of 259
Re: Lease Rates for January [neelkamal] by dijital1
Feb 20, 2008 (6:32 am)
Reply

Replying to: neelkamal (Feb 19, 2008 8:42 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 259
Re: Lease Rates for January [neelkamal] by Car_man HOST
Mar 05, 2008 (2:52 am)
Reply

Replying to: neelkamal (Feb 19, 2008 8:44 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
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Prices Paid: Buying & Leasing Experiences Forum
#216 of 259
Re: Lease Rates for January [Car_man] by progolferv1
Mar 21, 2008 (5:31 pm)
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Replying to: Car_man (Mar 05, 2008 2:52 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 259
Lexus Gx470 lease deal by topgun26
Apr 10, 2008 (7:36 am)
Reply
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!
#219 of 259
08 GX470 lease by louiesmom
Apr 19, 2008 (7:13 pm)
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I am going tomorrow to finalize a lease that I have been 'working on' all week.
Here are the numbers:
08 GX470
MSRP: $52589
Neg Price:$45419
 
12k/year 48 months
Nav, Mark L audio (bluetooth, back up camera etc), towpkg, 3rd seat, mats, spoiler, pref accessory pkg.
 Blizzard Pearl w/ Grey interior
 
MF:0.00160
Residual: 46%
FICO score is 800
 
Due signing:
$599.99 (1st months pymt)
$12.50 tire disposal
$700 (cap cost red)
$60.30 (sales tax on cap cost)
$795 (Acquisition fee)
$10 Inspection fee
$45.00 (dealer fee??)
 
total sign= $2222.87
 
(taxes are rolled into lease) payments are $599.99/month
 
i really love this truck and I have been negotiating for some time with various dealers. this is the best price I have been able to get.
this forum has helped me SO much. thank you all for your numbers and comments. i wish i had known about this site when i negotiated my last 2 leases!
#220 of 259
Re: 08 GX470 lease [louiesmom] by gomavs
Apr 22, 2008 (7:14 am)
Reply

Replying to: louiesmom (Apr 19, 2008 7:13 pm)

louiesmom,
 
Was that MF from LFS or an outside lender?
#221 of 259
Re: 08 GX470 lease [gomavs] by louiesmom
Apr 22, 2008 (7:45 am)
Reply

Replying to: gomavs (Apr 22, 2008 7:14 am)

No, Lexus almost never has MF's so low....This one was from Wells Fargo
#222 of 259
Need some Help by lalaw
May 13, 2008 (5:37 pm)
Reply
Looking to Lease a 2008 GX 470. Went to one dealer with disappointing results. Looking for a well loaded model with Nav/Audio pack, 3rd row seat, rear spoiler, head rest DVD, XM radio. Got a MSRP of $53K. Dealer discounted $1,500 and included dual DVD headrest at no cost, basically a $3,500 discount. On a 36 month/15,000 mile lease, monthly payments are close to $1,000 per month. It appears that the money factor was 2.95. Residual at 52%. Credit score is not a problem, currently at 796.
 
This does not seem right looking at the other postings. I have a current lease on a Volvo that runs out at the end of September. Should I wait till July, August or September or is this dealer full of it.
 
HELP, PLEASE
#223 of 259
Re: Need some Help [lalaw] by louiesmom
May 14, 2008 (6:01 pm)
Reply

Replying to: lalaw (May 13, 2008 5:37 pm)

That price does seem kind of high. Was that money factor from Lexus financial? What made the difference for my deal was getting a lower money factor from a different bank. I only picked up the truck last week so, you should be able to negotiate a better money factor. Is this price of $1000/month with 0 due at signing? That does seem very high.
My Volvo lease was up in July and I just turned it in because I was over on my miles. Are you over on mileage? If not, you may want to wait until July or August. I am sure you will be able to get a great deal if gas keeps going at this rate.
Good Luck. It's a great truck!

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