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Lexus GS 450h Lease Questions

19 messages,  Last post on Jul 09, 2008 at 3:15 AM

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What is this discussion about? Lexus GS 450h, Hybrid Cars, Car Leasing, Car Buying, Sedan

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#12 of 19 Re: Lexus GS 450h: Lease Questions [eccentric2] by amg_driver Feb 11, 2007 (8:29 pm)
Replying to: eccentric2 (May 17, 2006 7:42 pm) Eccentric the only green thing about the GS is the amount of money one must pay to drive them. Are they really that green with 300 ponies!
#13 of 19 trying to lease an 08 by juanbron Feb 03, 2008 (11:03 pm)
I have made tons of calls to fleet managers, etc. and it seems that the gs450h, leases for a tremendous amount more than commensurate cars in its class. Granted, its the only hybrid in its class, but if you build a 2008 535i and get it to just about the same equipment level of the gs450h, and they have a very similar msrp, the 535i leases for a tremendous amount less. Not to bore you with all the specifics, but on minimum drive off leases, on a 36 month 12k lease the price difference is around 150 dollars more per month for the gs hybrid. I am trying desperately to lease this car but feel its a rip off because Lexus sets its residual value so low. Couple this with the fact that bmw pays for brake pads, etc. and i have a hard time pulling the trigger. My questions is what is the secret to leasing this great car at a price more in line with what bmw is leasing its cars at? Or do i just bite the bullet and buy the car? Replies to this message: eights38 (Feb 04, 2008 5:54 am) bmwconvert (Feb 08, 2008 1:48 pm)
#14 of 19 Re: trying to lease an 08 [juanbron] by eights38 Feb 04, 2008 (5:54 am)
Replying to: juanbron (Feb 03, 2008 11:03 pm) juanbron - Let's see what Lexus and BMW do in February. Just a note, BMWs lease well because they typically have very strong residual values, so the depreciation expense in significantly less. If you need more help, please feel free to email me. Replies to this message: bmwconvert (Feb 08, 2008 1:48 pm)
#15 of 19 Re: trying to lease an 08 [eights38] by bmwconvert Feb 08, 2008 (1:48 pm)
Replying to: eights38 (Feb 04, 2008 5:54 am) I have an '07 with 18k miles that I took delivery of back in May 2006 (one of the 1st delivered). Willingly paid sticker to get it when it came out, so can't complain about the price. What has upset me is that the value has dropped precipitously. I recently asked my Lexus dealer and a Mercedes dealer where I was considering a swap, to get me a quote on the car. Lexus came back with a $38k bid and Mercedes with $43k (higher no doubt because they were going to make money on the sale of the new car to me, and generally a more aggressive dealer).   The explanation I received from both dealers is that there is NO resale market for this car, therefore few wholesalers are interested in bidding for it. It worries me for a year or two down the road with what it's going to be worth. I also think people are scared about how the batteries are going to hold up.   I kept the car and remain reasonably happy with it. Nothing I can do about the value now, but it's something that new buyers and leasers should consider. There's obviously a reason why Lexus is putting the residuals so low on the leases. It appears to reflect reality.
#16 of 19 Market Changing by drlease Feb 29, 2008 (11:00 am)
The Market looks like it may be droping now. I talked to a Leasing Company in Ohio (Thompson and Ward Leasing) I found by searching New GS450h on Autotrader in Columbus. A new 08, MSRP $60,350, Said he would sell it for $55980, AND could get a .00234 mf on the car. I passed because the car was red and I want black, but I think it shows the direction of the Market.
#18 of 19 Lease rates by socaljd Jul 03, 2008 (3:24 pm)
Hi CarMan,   What is the current MF & residual on a 36mo/12k term for a '08 450h ? Is the MSD program for Lexus still the same (.00008 MF reduction for each SD) ? Due to the current economy, do you think a 450h can be had for under invoice (in SoCal area) ??   TIA - socalJD Replies to this message: Car_man (Jul 09, 2008 3:15 am)
#19 of 19 Re: Lease rates [socaljd] by Car_man HOST Jul 09, 2008 (3:15 am)
Replying to: socaljd (Jul 03, 2008 3:24 pm) Here's the information that you're looking for, socalJD. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus GS 450h with 12,000 miles per year are .00155 and 47%, respectively.   It is difficult to say how low the dealers in your area will be willing to go on this car, but I personally doubt that you will be able to get one for under invoice. I personally would shoot for a couple hundred dollars over. Try stopping by the "Lexus GS 450h Prices Paid and Buying Experience" discussion for additional feedback on this car's pricing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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