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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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#245 of 259
Re: Lease payment for '09 GX-470 [Car_man] by drmhf
Apr 28, 2009 (12:55 pm)
Reply

Replying to: Car_man (Apr 28, 2009 2:12 am)

Hi Car_Man. Invoice is $46,310. This includes destination charge of $825. Tax is 8.65%. I guess there would be a bank charge and acquisition fee added in as well.
I haven't spoken with any dealers yet. I really want to be educated and know what a good deal is before I do. Thanks
#246 of 259
May 2009 GX470 lease by jc28
May 16, 2009 (2:08 pm)
Reply
Hi:
 
Sticker $52,275 / 36 month lease / 12,000 miles / $5,000 due at signing / $745 a month. NJ 7% tax is paid within the $5,000 due at signing. Is this a good deal anyone?
 
Many thanks
 
Mark
#247 of 259
Re: Lease payment for '09 GX-470 [drmhf] by Car_man HOST
May 21, 2009 (2:50 am)
Reply

Replying to: drmhf (Apr 28, 2009 12:55 pm)

Hi drmhf. Thanks for the additional information. I cam come up with an approximate selling price using the invoice price that you provided me with, but I still need this truck's MSRP to calculate an accurate lease payment for you. Both numbers need to be put into the formula.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#248 of 259
Re: May 2009 GX470 lease [jc28] by Car_man HOST
May 21, 2009 (3:02 am)
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Replying to: jc28 (May 16, 2009 2:08 pm)

Hi Mark. $5,000 is a lot of money to pay at lease signing. Why not roll the sales tax into your monthly payment. I believe that New Jersey will allow you to do so. As far as I am concerned, the less money that's due at lease signing the better. Consumers who make large down payments on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be a little higher, you will be much safer paying as little at lease signing as possible.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#249 of 259
Re: May 2009 GX470 lease [Car_man] by jc28
May 21, 2009 (6:13 am)
Reply

Replying to: Car_man (May 21, 2009 3:02 am)

Car_man: Thank you very much for the suggestion!
 
Mark
#250 of 259
Re: May 2009 GX470 lease [jc28] by Car_man HOST
May 22, 2009 (1:36 am)
Reply

Replying to: jc28 (May 21, 2009 6:13 am)

No problem, Mark.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#251 of 259
Re: Lease payment for '09 GX-470 [Car_man] by drmhf
May 22, 2009 (6:16 pm)
Reply

Replying to: Car_man (May 21, 2009 2:50 am)

I was offered the following deal on a 2009 GX-470 with Nav, 3rd row seat, tow prep pkg ($50msrp), preferred accessory pkg ($240msrp), rear spoiler ($550msrp-that I don't want):
 
MSRP $53,016
Cap Cost $48,039
Residual 39% $20,676
MF .0021
Tax $3350
Bank fee $700
Processing fee $75 (tire fee, NYS inspection)
48 months 12,000 miles/year
Due at signing, 1st month payment + processing fee = $867.
Monthly payment = $792
 
Is this a good deal, or can I do better?
#252 of 259
Lease payment GX-470 by drmhf
May 24, 2009 (12:25 pm)
Reply
I'm negociating both for a GX and ML 350. When I get bottom line prices I'll decide which one to lease. Actually my wife will chose which she wants to drive.
Today I got this offer for a GX 470 with Nav, 3rd row seat
MSRP 52,225 invoice = 46,320
Cap Cost $46,479
Residual 39% $20,367
MF .00216
Tax 8.62%
Bank fee $700
48 months 12,000 miles/year
Due at signing, 1st month payment + processing fee = $900
Monthly payment = $779
 
The manager said he would take off another $10-15/ month to make the deal.
 
This offer is better than the last, but I would still like to get the payment under $700/mo. like I did with the ML350. I'll post that deal on the ML 350 forum.
 
Is this a reasonable deal? Is less than $700/ mo reasonable?
Is there anyone out there reading these posts?
#253 of 259
Re: Lease payment GX-470 [drmhf] by jc28
May 24, 2009 (6:24 pm)
Reply

Replying to: drmhf (May 24, 2009 12:25 pm)

Hi drmhf:
 
Last week I returned my 42-month 2006 GX470 lease and got a 36-month 2009 GX470 lease. Below is what I got.
 
MSRP $53,204.00
Gross Capitalized cost $47,183.95
Capitalized Cost Reduction $2,975.16
Adjusted Capitalized Cost $46,217.35
Residual Value $25,005.88
$742.34x36 / 12,000 miles per year
 
Due signing $5,000 includes:
Capitalized Cost Reduction $2,975.16
First Month $742.34
Registration Fee $386.00
Acquisition Fee $700.00
Tire Tax $7.50
Doc Fee $189.00
#254 of 259
GX 470 lease by etort
Jun 22, 2009 (12:16 pm)
Reply
Hi:
 
I don't think this is a great deal by any means, but could you give me a ballpark on what may be reasonable.
 
2009 gx470
Black with gray interior
nav/levinson
3rd seat/air
tow prep, spoiler, tow hitch, mats, preferred access pkg, exhaust tip
msrp $53663 ( INCLUDING dest charge of $825)
invoice right about $47,000
purchase price $49,000
 
36 mo
12,000 miles/year
mf .00279
residual $25,221
payment $990/month
 
thanks
 
etort

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