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Prices Paid: Buying & Leasing Experiences 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
Hello, car_man. Just signed a deal with Lexus of Riverside. Lease is 36 months at 12K miles per year. Money factor is .00120. Total drive-off is $1000. Monthly payment comes to $549.50. incuding tax. MSRP of $53.5k (NAVIGATION)
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Replying to: phat3 (Dec 17, 2005 7:07 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: hpt (Dec 17, 2005 11:20 am) I notice that you mentioned you might make a $1,500 down payment on your lease. 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 $1,500 down, or had made absolutely no down payment at all. You can still trade in your Caravan if you want to, just have the dealer cut you a check for it rather than using the proceeds as a capitalized cost reduction for your lease. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: banneheim (Dec 17, 2005 1:14 pm) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: kgb77 (Dec 31, 2005 5:00 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Jan 03, 2006 3:05 am) Can you please give the detailed specs of the GX470 as well as the detailed formula of your lease deal one more time please. I will try and mimic the same deal in Illinois. Thanks for your help. Best Wishes, Bodhi
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Replying to: bodhi2 (Jan 05, 2006 6:23 pm) 2006 GX 470 , NAV, Mark Levinson Audio, RSES(DVD), Third Row, Hitch Bracket, Preferred Accessory Package, Cargo Mat, Net and Wheel Locks, Rear Spoiler and Tow Hitch. Final Price: 48216.00 Fees: 1025.00 39 month lease, 12K year, 55% residual, .00120 MF Payment : $600.00 month (includes NC 3% sale's tax), 0 downpayment, 0 security deposit. Hope this helps.
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Replying to: Car_man (Jan 03, 2006 2:59 am)
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Replying to: banneheim (Jan 06, 2006 9:10 pm) Best Regards, Bodhi |
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Replying to: Car_man (Jan 03, 2006 3:05 am) MSRP $50,050 Purchase price $44,500 Residual (58%) $29,000 Mileage allowance 45,000 Money factor .0021 And with nothing down, the payments are pushing $800. (The dealer quoted me $857.) Am I missing something? Please help. Thanks
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