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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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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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| 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. | |
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