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Prices Paid: Buying & Leasing Experiences Lexus LS 460 Lease Questions
126 messages, Last post on Oct 05, 2008 at 4:19 PM
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after 3 years of an A8, a car that I love but has been in the shop at least 10 times a year, i have decided that i want either a ls460 or the gs hybrid. I have to admit i have lexus lease sticker shock. The BMW residual value is so much higher I just don't understand who is leasing a lexus? Attached is the post I have on the 450h board but the same circumstances apply to the ls460. Please reply with any advise you have or is everyone just buying these cars? Incidentally, the price im being quoted on the gs is not much less than a similarly outfitted ls, albeit without the hybrid system. figure a couple grand down and a little over 1000 a month for the gs versus around 860 per month for similarly outfitted and msrp'd 535i. thanks: below is my gs post lease post if interested: 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 11:12 pm) The secret is really no secret... BMW has cornered the leasing market by constantly subventing their programs usually with inflated residuals and/or low money factors. It's not that Lexus has crummy residuals, they are just realistic. If you really want the Lexus, you're probably better off buying it outright and keeping it for awhile as it will be very reliable. On the other hand, the BMW is a great car to lease for a few years , especially while it's still under warranty and all your maintenance is paid for. You might want to check out leasecompare.com to shop different bank programs on the Lexus. Typically with secondary lenders, you may find better money factors, but usually lower residuals than what the captive finace companies offer. Worth a look though if you really want to lease a Lexus.
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Replying to: ocautoseeker (Feb 04, 2008 4:37 pm)
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Replying to: eights38 (Feb 05, 2008 5:53 am) |
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need advice.live in ny and part time in florida.Just got call from dealer in miami who is willing to sell me a new 2008 LS460 for 7500 off MSRP.Called my dealer in ny-where i have bought 3 lexus in past and he told me it was impossible.Any ideas what price of LS460 is now in northeast.Am considering buying car in miami and driving up to NY.HELP since i need to make a decision soon. thanx
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Replying to: traube (Feb 10, 2008 8:32 pm) |
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| bay ridge lexus | |
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I'm in South East Fla. Here's what I'm looking at LS460L Mercury Metallic Black/Walnut interior Lux Pkg MSRP: 82,800 48 Mo Lease 15k miles flawless credit (800+) willing to wait till it hurts the dealer... what's the best deal with 0 drive-off?
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Replying to: wkalexand (Feb 15, 2008 9:08 am) 48 mo / 15k miles residual = 38% with a buy rate mf of .00245. The SWB carries a 41% residual and the same mf.
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Replying to: ocautoseeker (Feb 15, 2008 7:44 pm)
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