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Prices Paid: Buying & Leasing Experiences Lexus LS 460 Lease Questions
173 messages, Last post on Nov 02, 2009 at 5:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: eights38 (Oct 01, 2008 9:17 pm) Does anyone know of any good websites that can negotiate a lease and deliver the vehicle?
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Replying to: viperxgtx2000 (Oct 02, 2008 12:42 pm) |
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Replying to: viperxgtx2000 (Oct 01, 2008 7:39 pm)
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Replying to: tbrook (Oct 03, 2008 10:24 am) |
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What part of the country are you in? I don't know if you know this, but you can substantially reduce your lease payment by putting down at signing up to 9X ytour monthly lease payment as a security deposit which you get back fully at the end of your lease. I did this and reduced my lease payment by 7.6% of the total security deposit! Not a bad return and it is non-taxable. You can't get that from a CD, bond or money market fund. All you need to do is to put down around $9000 and you will reduce your monthly lease payment by around $63. ALFE |
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Car_man, do you have any info on the December to Remember events for LS460 SWB? I am looking to lease either an 08 or 09 LS460 for 36 months 15K mi/year in California. I understand that 08 still have 4k dealer cash (but the choice of color and como is limited at this time) but 09 should have a higher residual. I wonder if the higher residual for 09 is enough to cover the potential 4K additional discount for an 08.
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I'm looking to lease LS 460 2009 SWB AWD in NJ. What kind of discount off MSRP would be reasonable to expect? I saw that 2008 models could be bargained down to MSRP - 14K, but I did not see any pricing info on 2009 models. Any help is greatly appreciated. |
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this afternoon from Lexus of Sacramento. LS460 with comfort plus, intuitive parking, one touch open/close trunk and power door closer, and trunk mat, wheel lock etc. MSRP 75765. Here is the term... Sales price 59692.57 doc fee 55 acquisition fee 700 total cap cost 60447.57 drive off 1033.76 (first payment) + 9450 (9 MSD) + 474 (license) + 8.75 (tire fee) = 10967.4 36 months / 15k mi per year Residual 29906 (40%) money factor 0.00118 (was 0.0019 before the 9 MSD) monthly payment 945.97 + 78.79 (tax)=1033.76 Very happy about the internet manager from Lexus of Sacramento. He breaks down all the number so I can examine each one of them before we come to term. Also very polite and easy going. Deaership is hugh and still have 7-8 08 with various equipment level (a couple red with cashmere interior look really sharp). The only problem so far is the serial number is wrong in the lease paperwork so we probably need to go back and change it (crap another 200 miles round trip..) but wifey get 2 cups from the internet manager and she is very happy. She drove it home and her initial impression is that she like it a lot (we did test drove the LS about 5 months ago). We had 6 Lexus and her last car was a CLK 55 convertible and she is very hard to please. Thanks everyone.. without this thread, I would have gotten a CTS with the big discount (and our GM card point). Also we accepted the lexus Visa card and charge 10K or the 10995 drive off on the visa card. Got a total of $550 Lexus dollars to use for future maintenance work (i.e. 15K service etc.). All in all a very nice experience... There is still a few LS460 in the bay area. But look like the number with ML package is getting smaller and smaller... So if anyone is interested, one probably need to move fast. I would highly recommend Lexus of Sacramento.. |
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Replying to: topgun7 (Nov 30, 2008 2:31 am) On December 2nd, Lexus raised its dealer cash incentive on the 2008 LS 460 from $4,000 to $6,000. I'm not sure if this cash can be combined with the aforementioned lease program though. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Dec 08, 2008 4:12 am) heh heh, thanks for the info. I know about the $4000 rebate but did not know that Lexus raised it to $6000. Look like dealer is making out o.k. I think the incentive is being used for lease as well as purchase, otherwise dealer will loss money on the discount on my car. The invoice for my car is around 66087 (MSRP 74765)and the sales price is 59692 (cap is 60447 with 55 doc and 700 acquisition fee)... Got the paper work changed in 10 minutes (wrong Vin number in the confusion on the dealer trade between their sister dealership to get the right color combo) so all is well now.. Really enjoy the DVD-video of the ML systems.. They still have a 7 to 8 08 on the lot.. The red with cashmare interios is particularly sharp.. Given the big discount, I actually don't mind the low residual. Our residual is 29906. It is hard to imagine a better 30K car in 3 years (even if it is already 3 year old by then) and we probably will buy it after the lease is up.. Our previous car was a CLK 55 convertible and the lease was up in July this year. At the time, the best LS deal I could strike was around 1300-1400 a months with similar configuration. So waiting for 5 months or so save us a few hundreds a month in payment.
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