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Lexus GS 350 / GS 430: Lease Questions

357 messages,  Last post on Dec 07, 2009 at 2:59 PM

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What is this discussion about? Lexus GS 350, Lexus GS 430, Lexus GS 460, Car Buying, Car Leasing, Sedan

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#281 of 357 Lexus has a reasonable explanation - I guess by myerslaw Jun 25, 2008 (8:13 am)
I, too, could not stomach the leasing rates on the GS350 last year. Clearly, it was not a purchase method Lexus wanted to subsidize! But if Lexus doesn't own and lease the vehicles, then Lexus doesn't end up in 2 or 3 years with a large number of leased vehicles which it must then dispose of. So I'm guessing that Lexus, like any good Japanese company, is taking the long view rather than the three month time period American (and I guess German) companies do -- they worry about things further ahead - they lose some sales now, but they have fewer worries down the road. However, it sure doesn't sound good when a dealer gives you a 52% residual!!!!
#282 of 357 Re: leasing a GS is terrible, buying may be worse financially [class77] by Car_man HOST Jul 09, 2008 (1:40 am)
Replying to: class77 (Jun 25, 2008 2:54 am) Hi class77. The reason that Lexus Financial Services' residual values are lower in general than BMW Financial Services' residuals is that BMW artificially inflates its vehicles' resids to provide consumers with lower monthly payments while Lexus does not...at least not as much. BMW will deny that they do this until they are blue in the face, but it's vehicles' residual values are unrealistically high. That's great for lessees, but not great for them when they get the cars and trucks back.    Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#283 of 357 Lexus GS Leasing ? by qikcar Jul 18, 2008 (5:14 pm)
Planning on leasing a loaded lexus GS (premium + navi + ML audio/bluetooth). MSRP is 51900. MF is .00085 that I am qualified for. Will put down 2000 only in drive off costs. I need 36 months/12K a year lease. Best offer so far is 659 + tax. Other offers are 699 + tax, and 680 + tax. Residual quoted is 42-52% - its keeps on changing - or are they just lying? Sell prices are ranging from 46500 to 49000. Can I get this car for 650 w/ tax included or am I dreaming.   Thanks
#284 of 357 GS350 Lease by pawatson5 Jul 20, 2008 (9:57 am)
Gikcar,   You've been offered a great deal! I have been shopping for a lease in Dallas and have gotten much worse. Where are you located. I have been quoted a 48 month lease 820 down 711 per month, or 699 per month 1420 down, this inlcudes TTL. I want to get a 36 month lease so if you can share where you are located and the dealer I can try and get the same deal. I can travel to pick a car up.   Thanks! Replies to this message: qikcar (Jul 24, 2008 9:13 pm)
#285 of 357 Re: GS350 Lease [pawatson5] by qikcar Jul 24, 2008 (9:13 pm)
Replying to: pawatson5 (Jul 20, 2008 9:57 am) Pawatson5   For a 48 month lease, with 2000 drive off costs, i got 655 a month with tax included, for the fully loaded lexus gs 350. Maybe to far for you, but check out Longo lexus in el monte, ca and also glendale, ca lexus.
#286 of 357 Is this a good deal? by motoevolution Jul 25, 2008 (10:05 am)
2008 GS350 RWD ML + Nav MSRP $51590 Selling price $45100 36 month lease 15k miles per year with just first payment out of pocket. $709 + tax Residual 42% MF .0003 Do the numbers look right? The residual seems horrible compared to other brands. Replies to this message: Car_man (Aug 04, 2008 2:13 am)
#288 of 357 Re: Is this a good deal? [motoevolution] by Car_man HOST Aug 04, 2008 (2:13 am)
Replying to: motoevolution (Jul 25, 2008 10:05 am) Hi motoevolution. The lease program that you were quoted is right in line with Lexus Financial Services' current program for this car. You're right, the GS' residual values are pretty bad, but unfortunately I suspect that we will being to see a lot of terrible residual values out there over the next several months. Banks, even manufacturers' captive finance companies, are starting to become much more conservative in estimating vehicles' residual values because a number of manufacturers have been forced to take huge charges to their earnings for overestimating residuals in the past lately.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#289 of 357 Drive off cost by xiajiagg Aug 28, 2008 (7:17 pm)
Hi, Car_man.   Do you know what is the other charges for the current GS lease program, such as acquisition fee, security depost, disposal fee, etc. anything other than the Ist month payment of actual car and tax? TIA. Replies to this message: Car_man (Sep 10, 2008 1:53 am)
#290 of 357 Recent GS350 lease prices by cardent Aug 28, 2008 (7:19 pm)
Has any one leased or purchased gs350 in last few days, if so what price? its my first time buying/leasing Replies to this message: usp357 (Oct 09, 2008 8:36 am) myerslaw (Oct 09, 2008 12:29 pm) usp357 (Oct 15, 2008 5:35 am) and 2 more... maximafan (Oct 13, 2008 9:42 pm) kyfdx (Oct 14, 2008 3:13 am) rescuu (Nov 12, 2008 9:23 pm) Car_man (Nov 14, 2008 4:42 am)

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