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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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#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)
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 Replies to this message: rob222 (Oct 03, 2008 11:58 am) Car_man (Oct 07, 2008 4:45 pm)
#232 of 259 Re: June 08 lease [aubchic] by kbali Sep 27, 2008 (9:34 am)
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)
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)
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. Replies to this message: Car_man (Oct 07, 2008 4:45 pm)
#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)
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
#236 of 259 October Lease Deal by rob222 Oct 14, 2008 (1:49 pm)
Forget the last three months on my 05 GX   New 08GX with Navigation/Mark Levinson for 48months/48 miles for $660/mo   Good deal? What would the money factor, residual, etc. be on this new 08 GX?   Thanks, Rob. Replies to this message: Car_man (Oct 16, 2008 5:41 pm)
#237 of 259 Re: October Lease Deal [rob222] by Car_man HOST Oct 16, 2008 (5:41 pm)
Replying to: rob222 (Oct 14, 2008 1:49 pm) Hey Rob. The best way to tell if this lease is a good deal is to look at its selling price in relation to either its MSRP or better yet, its dealer invoice price. The selling prices of lease vehicles are negotiable, just as if you were paying cash for or financing them.   Here is the information about the lease program that you requested. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus GX 470 without the entertainment system with 15,000 miles per year are .00135 and 49%, respectively for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#238 of 259 Lease Rates Get Any Better for December 2008? by nomisny Dec 05, 2008 (8:33 am)
Currently have a 2006. The lease was up on Dec. 1. Have Navi and RES, paying 650+, with $3500 Total OP   Was looking for the same deal for a 2009, but dealers are telling me the money factor and residuals are not as good anymore, and are now quoting me almost $800 for same car, with about the same TOP.   I called Lexus and asked to extend my lease on a month to month basis. I have until Dec. 11 as a courtesy. Car Man, or anyone know if the December rates are any better?   Thanks, Replies to this message: Car_man (Dec 08, 2008 3:36 am)
#239 of 259 Re: Lease Rates Get Any Better for December 2008? [nomisny] by Car_man HOST Dec 08, 2008 (3:36 am)
Replying to: nomisny (Dec 05, 2008 8:33 am) Hi nomisny. I've heard that Lexus' baseline special buy rate lease money factor for the 2009 GX 470 is .00195, but that it has been enhanced in certain regions to .00150.   The main difference between this truck's current lease program and the program that was available when you leased your '06 model is probably the residual values. Banks have found that SUVs future values don't hold up nearly as well as they had been estimating and as a result most have revised their residuals downward. Lower residual values means higher lease payments.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#240 of 259 Looking to lease 09GX470 vs buyout of 06 by CABO Jan 14, 2009 (1:10 pm)
Didn't think this would be that hard. Buyout of 06 with tow pack,Navi back fin and chrome wheels,26400. New GX470 36 months 48778, (806.00/month payment) with 1500 down. Can't someone do better?

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