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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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#226 of 259
Car Man- June GX residual?? by aubchic
Jun 04, 2008 (2:20 pm)
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I just left the lexus dealership and thought i would check with you guys about my price and lease for the 08 gx
 
msrp was 54938 and included:
 
nav
lexus link
dealer installed dual dvd system for 2k
 
they knocked off 5k bringing the total to 49938. from what i have read invoice is what people are paying for the gx's, closer to 47600 or a little over 7k from msrp.
 
my lease was 48 mo/10k residual was 44% and money factor 2500 drive off- payments were 765. are these number correct? this is through LFS. what are the 48/12 numbers? is LFS the best program for june? i think the mf is high.
 
i feel like there is more room to haggle with the dealer.
 
thoughts??
#227 of 259
June 08 lease by aubchic
Jun 09, 2008 (3:48 pm)
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well, i was right about the dealer. there was plenty of room to negotiate.
 
i just closed on a deal in dallas at sewell lexus. the internet department was absolutely fantastic and i am excited to have my car shipped to me in a few weeks.
 
Here is my gx:
 
nav/levinson
tow package
preferred accessories
spolier
third row
 
msrp: 53089
invoice: 46547
 
dealer added:
dual dvd player (2495)
tint/stripes (395)
 
total msrp: 55979
selling price: 48695
savings: 7284
 
i paid 742 back of invoice.
 
My lease payments are 734 a month for 48/12k with 2500 drive off.
#228 of 259
Lease numbers - will these go down for summer? by mattiefeb
Jun 17, 2008 (10:00 am)
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Hi this is the lease quote I received from a NJ dealership yesterday:
2008 GX 470
MSRP $52500
discount $4350
Sale price - $48150
36 months - 12,000 miles
total due at signing $4,500
monthly payment incl tax - $650
Does this sound too high? I still have 3 months on my current lease but they said I can take delivery in August (if summer rates go down I will be able to cancel this deal and go into new deal with better rates) . All I have to do now is choose a color and give a credit card. Should I try to get a bigger discount off of the MSRP?
Thanks! Mattie
#229 of 259
Ripped off? by reallywannamb
Jul 21, 2008 (2:32 pm)
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Anyone know if this is a good deal?
Lexus of Greenwich, CT
08 GX470
36 months lease
36K allowable miles
 
822.06 first month
600.00 acquisition
249.00 Dealer Conveyance
50.94 sales tax
108.00 registration
________________
1830.00 total on signing
#230 of 259
Offering a Lower Price to Buy Car at Lease-end by rob222
Sep 15, 2008 (7:33 am)
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My 4-year GX lease expires at the end of January. The buy-out price is $25,000. Is it possible to offer a price lower than the buy-out price? If so, how is this done?
#231 of 259
Re: Offering a Lower Price to Buy Car at Lease-end [rob222] by Car_man HOST
Sep 26, 2008 (2:59 am)
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Replying to: rob222 (Sep 15, 2008 7:33 am)

Hi rob222. It's absolutely possible to offer the bank that you are leasing though, which I assume is Lexus Financial Services, a lower price than your truck's official lease-end purchase price. Whether they will accept your offer is another matter. More often than not banks won't. Still, you don't have anything to lose by trying.
 
Place a call directly to LFS a month or two before the scheduled end of your lease and tell them that you are considering purchasing your truck but that you want a better price. If your initial contact there is unwilling to work with you, work your way up the ladder to a manager and see if you have any better luck. There's no guarantee that they will be willing to work with you, but it's worth a shot.
 
If you wouldn't mind, I'd love it if you would report back and let us know what they tell you. Thanks and good luck.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#232 of 259
Re: June 08 lease [aubchic] by kbali
Sep 27, 2008 (9:34 am)
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Replying to: aubchic (Jun 09, 2008 3:48 pm)

Who is paying for your shipping.
#233 of 259
Re: Lease numbers - will these go down for summer? [mattiefeb] by anthonyl88
Sep 30, 2008 (7:56 pm)
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Replying to: mattiefeb (Jun 17, 2008 10:00 am)

I went to Lexus of Manhattan looking at the GX470.
 
They wanted $2500 down payment, so after taxes, 1st month payment and bank fees etc., it came out to $5900 down. $549/36 months 10K a year.
#234 of 259
Re: Offering a Lower Price to Buy Car at Lease-end [Car_man] by rob222
Oct 03, 2008 (11:58 am)
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Replying to: Car_man (Sep 26, 2008 2:59 am)

I contacted Lexus Financial and they were very rigid. It is, what it is. "No point in talking with a manager, we don't deal." I think Lexus is unaffected by the general market. They will get top dollar from someone, and therefore they will not give you a deal to avoid the hassle of wholesaling the vehicle.
#235 of 259
Re: Offering a Lower Price to Buy Car at Lease-end [rob222] by Car_man HOST
Oct 07, 2008 (4:45 pm)
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Replying to: rob222 (Oct 03, 2008 11:58 am)

Sorry that they weren't willing to work with you, rob222. Thanks for stopping back and letting us know what LFS said.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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