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Lexus LS 460 Lease Questions

220 messages,  Last post on Mar 14, 2013 at 3:23 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? Lexus LS 460, Car Leasing, Sedan

Messages Page 8 of 23

#62 of 220 pricing for lexus by traube

Feb 18, 2008 (7:09 am)

ocautoseeker i need your advice.have been offered 2008 ls 460SWB for 7500 off MSRP in florida.I have bought 3 lexus in ny-rockville lexus in past and they tell me that is impossible-they will take 4500 off MSRP.
What is the real price for the 2008 LS 460-I am willing to drive the car from florida if it is legit.What are others paying for the car?Are they really taking 7500 below MSRP
Thanx

#63 of 220 8k off msrp by charliem

Feb 18, 2008 (4:31 pm)

Try ray catena in north new jersey. I bought my lexus in Phila. It wasn't very hard to get 8k off of msrp. My msrp was 76800. not including the wheels that retail for 2300 plus installation. I got the wheels for 800 installed. Point is you can do better than 8k off msrp.
charlie

#64 of 220 Re: pricing for lexus [traube] by ocautoseeker

Feb 18, 2008 (5:13 pm)

Replying to: traube (Feb 18, 2008 7:09 am)
On a SWB, there's about $8400 in front-end profit. $7500 off MSRP is a fantastic deal, given the vehicle doesn't have any additional aftermarket items like chrome rims, tinting, etc... those should be negotiated seperately.
 
Are you leasing it? Let me know if you want me to run the numbers for you?
 
What's the MSRP, $68,705?

#65 of 220 pricing for lexus by traube

Feb 18, 2008 (5:30 pm)

MSRP is 72030-includes nav-mark levinson and comfort pkg

#66 of 220 Re: pricing for lexus [traube] by ocautoseeker

Feb 19, 2008 (12:24 am)

Replying to: traube (Feb 18, 2008 5:30 pm)
Get me the VIN and I can pull the invoice for you (if you want), but as stated above, $7500 off is a great deal on a flagship luxury car.

#67 of 220 Need some guidance by jdm1114

Feb 19, 2008 (8:08 pm)

Have a 2005 GS 300 that is coming off lease April 1. Want to trade up to a LS460-L (fully loaded) and looking at 36 months, 15,000 miles.. no $ down-- just the usual drive offs-- any idea on what I should expect to pay per month?
 
Am a little concerned though by what I am hearing about the LS460's ability to handle bad weather-- snow in particular... the GS AWD was fine (I live in the NYC area) but saw several LS's and BMW 750 stranded last week when we got hit here with a late in the day snow storm. Any counsel on this.. IS there an AWD LS 460 in the future.. should I wait? or possibly look at the Audi A8 or Mercedes 4 matic? ">

#68 of 220 Re: Need some guidance [jdm1114] by eights38

Feb 19, 2008 (8:38 pm)

Replying to: jdm1114 (Feb 19, 2008 8:08 pm)
jdm1114 - The Lexus LS460 is a great car and I believe that Lexus will introduce an all-wheel drive shortly. However, if you are in need of guidance and advice, I would highly recommend the Mercedes S Class. The car drives very well, is available with a 4-Matic (AWD) option, carries the prestige of the Mercedes brand, and most importantly, it was recently redesigned and is one of the most beautiful vehicles on the road (in my opinion). If you were interested in purchasing your next car, I would recommend the Lexus due to the brands long-term reliability. Since you are leasing, I would highly recommend the Mercedes over BMW and Audi. The BMW 7 Series is an amazing car, but the styling is scheduled to change shortly and is not available in AWD. The Audi A8 is a great car with unparalleled interior refinement and the Quattro all-wheel drive system, but reliability is questionable and resale values are terrible (this impacts the lease because your depreciation expense would be quite high). If you need more help or advice, please feel free to email me.

#69 of 220 Re: Need some guidance [jdm1114] by ocautoseeker

Feb 20, 2008 (1:33 am)

Replying to: jdm1114 (Feb 19, 2008 8:08 pm)
jdm114,
 
Lexus' current buy rate for the LS460-L is .00245 and carries a 48% residual assuming a 36 month/15k-mi/yr lease term. Understand that rates can and very well may change in April when you're ready to lease. However, with the current numbers, I can give you a ballpark.
 
Assume a fully loaded L around $83,600:
 
I don't know how aggressive dealer's will be in NYC, but I do know they've been less aggressive on the LWB than the SWB. Let's just say you get $5k off, and they cap the cost around $78,600, you'd be looking at pretax monthly payments of around $1360. This figure does NOT include Lexus Financial's acquistion fee of $600, so you'd have to pay that as part of your drive offs, or it can be capped into your payments. You'll also pay 1st month + dmv fees, and possibly a security deposit of $510. Typically, Lexus will waive the SD for those that qualify for it's tier1+ credit.
 
Hope this helps.
 
As for the other vehicles, they all have their pros and cons as previously mentioned. I do like the S-class Mercedes and as also previously mentioned, it has AWD, but now you're looking at a $100k vehicle!! The current lease programs are horrible through Mercedes currently. You would definitely want to shop a secondary lender if leasing an S-class.

#70 of 220 Money Factor? by cmacha

Feb 21, 2008 (1:07 am)

I'm looking to lease a car for the first time. Dallas,TX. I've read that .00245 is the current rate. Is that really the lowest rate for those of us with the best credit scores? I was hoping for something lower. Is Lexus Financing who most people use? or should I look for a better deal from another leasing company?

#71 of 220 Re: Money Factor? [cmacha] by ocautoseeker

Feb 21, 2008 (2:17 am)

Replying to: cmacha (Feb 21, 2008 1:07 am)
You can compare rates at leasecompare.com.
 
Btw... the lowest rate I've seen LFS publish on an LS in the past year was .00230.

Messages Page 8 of 23

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