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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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#61 of 259
Re: Should I take the offer?? [magee1] by kyfdx HOST
Jan 11, 2006 (3:09 pm)
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Replying to: magee1 (Jan 11, 2006 3:07 pm)

Using your example... I get $585/mo. plus tax..
#63 of 259
Payments by magee1
Jan 11, 2006 (3:14 pm)
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Replying to: kyfdx (Jan 11, 2006 3:09 pm)

Can you tell me where (and how) I can come up with that number?
 
Thanks so much.
#64 of 259
Re: Payments [magee1] by kyfdx HOST
Jan 11, 2006 (3:19 pm)
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Replying to: magee1 (Jan 11, 2006 3:14 pm)

Selling price minus residual = Depreciation
$44,500 - 29,029 = $15,471 / 36 months = $429.75 monthly
 
(Selling price + Residual) X Money factor = Finance charge
($44,500 + $29,029) X .0021 = $154.41
 
Depreciation + Finance Charge = Monthly payment
$429.75 + $154.41 = $584.16 PLUS tax
 
At signing, you would have to pay first payment, security deposit (if required), acquisition fee and title/license fees... This is all pre-tax.
 
regards,
kyfdx
Host-Prices Paid Forums
#65 of 259
GX470 Lease/MF (NJ) by bdl99
Jan 20, 2006 (1:16 pm)
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Can anyone tell me what I could expect as a Tier1 MF for 36 month lease on GX470? I am in NJ and looking for a GX470 with Nav and 3rd Row. I was also interested in sports package but no one in the area appears to have any.
 
Today I was quoted .00275, which seems high to me. Is it just that there are no deal currently or should I be trying elsewhere? I was also quoted
 
MSRP $53,143
Purchase price $51210
Residual (59%) $31354
Mileage allowance 12,000/year
Money factor .00275
 
I'm assuming that there would be some more movement on the purchase price but didn't even go there based on the MF.
 
The other element to this deal is that I still have six months left on my RX330 lease, so they would be buying the RX330 for $30K to purchase out of the lease. I think there was a shortfall of about $800 which I think they rolled in to the lease price. My RX330 has sports package and 25K miles so I don't think they are using any of there movement on giving me a high price for the RX330.
 
thanks
#66 of 259
Re: Payments [kyfdx] by cwakefield
Jan 20, 2006 (1:41 pm)
Reply

Replying to: kyfdx (Jan 11, 2006 3:19 pm)

Help! I'm desperatly trying to figure out your numbers. I hope you are right and I'm just not getting it.
 
I figure a selling price of 44,500 with a 55 % residual to me more like this.
44,500-24,475=20,025 / 36 = 556.25
 
You would have to have a 67% or so residual value to get these numbers.
 
I have a negotiated price of 44,500 with a 58% resiual and a .00255 money factore (not real keen on that) trying to figure out if I can afford this payment.
thanks again!
#67 of 259
Re: Payments [cwakefield] by bdl99
Jan 20, 2006 (1:55 pm)
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Replying to: cwakefield (Jan 20, 2006 1:41 pm)

cwakefield
 
Shouldn't the residual be 55% of the MSRP not 55% of the selling price.
#68 of 259
Re: Payments [bdl99] by cwakefield
Jan 20, 2006 (2:43 pm)
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Replying to: bdl99 (Jan 20, 2006 1:55 pm)

The calculation above by kyfdx shows the calculation using 'selling price' He used 44500 which is the same as mine. I don't see MSRP given...
#69 of 259
Re: Payments [cwakefield] by bdl99
Jan 20, 2006 (3:02 pm)
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Replying to: cwakefield (Jan 20, 2006 2:43 pm)

I don't think that kyfdx showed the MSRP, but I believe he did use if from an earlier message. The earlier message shows MSRP of $50050 and 58% of 50500 is indeed $29029 (as shown in the message from kyfdx)
 
thanks
Brian
#70 of 259
Re: Payments [bdl99] by kyfdx HOST
Jan 20, 2006 (5:07 pm)
Reply

Replying to: bdl99 (Jan 20, 2006 3:02 pm)

Yup... what bdl99 said... The residual is always calculated off of the MSRP.

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