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Prices Paid: Buying & Leasing Experiences Lexus GS 450h Lease Questions
38 messages, Last post on Nov 17, 2009 at 3:07 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I had exactly the same experience- fully loaded GS540h was quoted in the neighborhood of $1400/month for 36 months. You think this is bad, you should ask the Jaguar dealers how much their new XK8's lease for. Since most of these high end cars are leased and not purchased and since money does matter, maybe Lexus doesn't have that many GS 450h's to sell and therefore won't offer attractive leases. Of course, when Mercedes releases the new engines for the CLS, I suspect their leases won't be so attractive either. |
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Replying to: eccentric2 (May 16, 2006 7:36 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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I'm about to lease a 450h and I know there is a special lease rate in effect until April 2, 2007. But the Lexus web site only mentions that there is a special offer, without providing any details. The dealer I'm leasing from says the special money factor is 0.00255 (that's for the top tier credit quality - over 730 FICO score), which translates into roughly 6% APR, as opposed to the normal rate of 0.0028, which translates to 6.7%. The 6% rate does not appear to be special at all! Does anyone have any information on the actual offer?
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Replying to: dulnev (Jan 13, 2007 8:00 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Jan 17, 2007 3:31 am) |
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Replying to: eccentric2 (May 17, 2006 6:42 pm) 
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Replying to: eccentric2 (May 17, 2006 6:42 pm)
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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?
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Replying to: juanbron (Feb 03, 2008 10:03 pm)
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Replying to: eights38 (Feb 04, 2008 4:54 am) 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. |
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