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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
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Replying to: magee1 (Jan 11, 2006 3:07 pm)
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Replying to: kyfdx (Jan 11, 2006 3:09 pm) Thanks so much.
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Replying to: magee1 (Jan 11, 2006 3:14 pm) $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
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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
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Replying to: kyfdx (Jan 11, 2006 3:19 pm) 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!
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Replying to: cwakefield (Jan 20, 2006 1:41 pm) Shouldn't the residual be 55% of the MSRP not 55% of the selling price.
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Replying to: bdl99 (Jan 20, 2006 1:55 pm)
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Replying to: cwakefield (Jan 20, 2006 2:43 pm) thanks Brian
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Replying to: bdl99 (Jan 20, 2006 3:02 pm)
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