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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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#31 of 259 December to remember by alex123 Nov 30, 2005 (9:53 am)
Car_man, what are the current lease numbers for 30,36,39 M - 12000 miles on fully loaded GX? Also I'm currently leasing from Lexus, do I get any discount on a top of that?   Alex Replies to this message: Car_man (Dec 01, 2005 3:46 am)
#32 of 259 Re: Good Lease? [researcher10] by Car_man HOST Dec 01, 2005 (3:39 am)
Replying to: researcher10 (Nov 28, 2005 4:02 pm) Hi researcher10. Lexus' "December to Remember" sales event started on November 23rd and it is scheduled to run through January 3rd. All of Lexus' incentives are scheduled to run for this time period. Of course, dealers can tell you that their offer for a vehicle's selling price is only good for a few days or through the end of the month, but if this dealer was willing to sell you this truck for this price then, they probably will be willing to so so in a few weeks. The lease money factor and residual value that you were quoted for this truck, .00120 and 60% for 36 months with 12,000 miles, are right in line with Lexus Financial Services' current program for it. The main thing that I don't like about this deal is the huge capitalized cost reduction that you are being asked to make. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your GX 470 would be exactly the same, regardless of whether you had put $3,500 down, or had made absolutely no down payment at all. Also, if the cap cost that you were quoted for this car is its selling price before the deduction of your down payment, it is attractive. However, if it is taking your down payment into account then this truck's selling price is way too high.   Car_man Host Smart Shopper / Prices Paid Forums
#33 of 259 Re: December to remember [alex123] by Car_man HOST Dec 01, 2005 (3:46 am)
Replying to: alex123 (Nov 30, 2005 9:53 am) Greetings Alex. If you were to lease a loaded 2006 Lexus GX 470 (with the Navigation and entertainment systems) through Lexus Financial Services right now for 30 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00120 and 61%, respectively. The numbers for an otherwise identical 36 month lease should be .00120 and 58%. Lastly, the numbers for an otherwise identical 39 month lease should be .00120 and 55%. The only model that Lexus traditionally provides special owner loyalty incentives on is the LX 470. On other models it will probably waive its security deposit requirement for returning lessees, but that's about it. This offer doesn't really apply right now anyhow given the fact that Lexus is waiving its security deposit requirement for all leases during the December to Remember event.   Car_man Host Smart Shopper / Prices Paid Forums
#34 of 259 First time leasing...need some guidance by gemini64 Dec 01, 2005 (8:24 pm)
Hi, I have been reading the recent posts on leasing a Lexus GX470. Never done a lease before, so I need some of your expertise before we begin With the December to Remember leasing program, which would be the better deal? Negotiating a 2006 or a closeout 2005? Either way, we want it loaded with the sport package. We are looking at negotiating a 36 month lease with 17,000 miles, zero money down and depending on what you suggest a possible trade in. The dealer had on his lot a 2005 loaded with a MSRP of $57,000 just to give you a ballpark figure for our area. My second question is, do you think we would get a better deal if we went directly though a leasing company vs. a dealer? In my research they say to remove the dealer and work with the leasing company because the dealer is merely acting as a middleman? I was curious as to what your take was on this. Thanks for you help! Replies to this message: Car_man (Dec 15, 2005 3:18 am)
#35 of 259 Leasing terms in December to Remember by genemachine2 Dec 04, 2005 (4:23 am)
Hi, You've quoted the money factor on current 36 mo leases as .00120 This is what a dealer quoted me too. Then when I accepted it, they said I didn't qualify. They told me my FICA score came back 50 points lower than what my own credit report showed. Do dealers have any flexibility, or I am just stuck? Can I do single payment lease to get the lower money factor? Any other suggestions on how to get the best deal? Thanks. Replies to this message: Car_man (Dec 15, 2005 3:22 am)
#36 of 259 First time leasing...need some guidance#2 by gemini64 Dec 04, 2005 (7:14 am)
Hi, I forgot to ask. We are also considering moving in the next year. It is not definite, but highly possible. Some sites say it is ok and our payment would change due to taxes. Then other sites say do not do it cause it will cost you A LOT more $$. Which is true? I'm so confused. Thanks. My hopes are to have a new vehicle by Dec 21st...in time to travel home for the Holidays. Replies to this message: Car_man (Dec 15, 2005 3:24 am)
#37 of 259 GX470 Lease Q by chrismang1 Dec 13, 2005 (8:28 am)
Hi Car Man:   Please advise MF and res for a Lexus GX470 for 36mos/15k per year. Thanks! I see 36/12k above but not 36/15k. Thanks. Replies to this message: Car_man (Dec 15, 2005 3:25 am)
#38 of 259 GX470 lease...need some guidance by phat3 Dec 14, 2005 (3:19 pm)
Hi car man, gpt a quote from a leasing Co.MSRP is 53,000 36mos. and 15,000 miles per year montly payment is 588.00 . The car has DVD entertainment and NAV. T.O.P. is 4,000. I know you would advise not that cash out of pocket but my husband feel this is the only way to keep his payments in the 500s. Please hurry with your advise the deal may happen this weekend. Thank a Million : Phat3 Replies to this message: Car_man (Dec 15, 2005 3:27 am)
#39 of 259 Re: First time leasing...need some guidance [gemini64] by Car_man HOST Dec 15, 2005 (3:18 am)
Replying to: gemini64 (Dec 01, 2005 8:24 pm) Greetings gemini64. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   If you are able to negotiate a low enough selling price on a 2006 model, and according to what I hear consumers have been able to negotiate huge discounts recently, leasing one instead of a 2005 model is definitely the way to go.   The vast majority of banks will not lease vehicles directly to the general public. The ones that are likely to have the best lease program on this car, like Lexus Financial Services and Hahn Financial, definitely won't. So you will not be able to get a better deal by working with a bank directly to lease your new car and will have to work with a dealer.   Car_man Host Smart Shopper / Prices Paid Forums
#40 of 259 Re: Leasing terms in December to Remember [genemachine2] by Car_man HOST Dec 15, 2005 (3:22 am)
Replying to: genemachine2 (Dec 04, 2005 4:23 am) Hi genemachine2. In order to get the lease money factor that I mentioned, consumers must qualify for Lexus Financial Services' Tier 1+ credit tier. I don't remember the exact cutoff for this tier, but I believe that it is around 730. Even if you don't qualify for this Tier, you still should be able to get a low money factor, just not quite as low as the top tier would get. You should be able to lower this money factor by pre-paying your lease or by paying additional security deposits if you want.   Car_man Host Smart Shopper / Prices Paid Forums

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