Gs 430 Lease Question
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Driver School Candidate
Joined: Oct 2005
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From: al
Gs 430 Lease Question
Due to the high profit margins on lexus cars do you think I can negotiate a 3 year lease with 2000 dollars total down 15k per year on a GS 430 with Nav/Lev package along with standard add ons bringing the total to 58,390 for around 699 per month. I am thinking they should discount the car to about 52,500. They would still be making 2000 dollars over invoice
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Driver School Candidate
Joined: Oct 2005
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From: al
I wish I could do that but I am the type of person who has to have a new car every three years. I get bored after that long. There is always something better out that I want so leasing works good for me.
Driver School Candidate
Joined: Mar 2005
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From: CA
I am big on leasing too, so I understand! I have a car broker working for me who has been able to turn amazing deals for some co-workers of mine. I got a number of $2500 down, $750/month with 15K miles from him. I called one of my local Lexus dealers and spoke to the fleet guy (he is a friend of a friend) and was told that the broker number was something he could not touch. This was for a loaded 430 w/ an MSRP of about $58K.
Pole Position
Joined: Feb 2005
Posts: 229
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From: FL
Originally Posted by jmcphillip
Due to the high profit margins on lexus cars do you think I can negotiate a 3 year lease with 2000 dollars total down 15k per year on a GS 430 with Nav/Lev package along with standard add ons bringing the total to 58,390 for around 699 per month. I am thinking they should discount the car to about 52,500. They would still be making 2000 dollars over invoice
http://www.edmunds.com/apps/calc/Cal...ion=lease_calc)
If you run the numbers with the correct sales tax for your state, I think you are a liitle optimistic on the $699 price. I assume you mean tax included. The key is the money factor rate and residual. Get them as low as possible. With Florida tax I come up some where in the $800 range with the calculator.
MultiTasking Mom
Joined: Mar 2003
Posts: 1,662
Likes: 2
From: California
i just ran your numbers, and with using a resid of 54% and .00207 money factor (4.97% int rate), the payment is $758+tax. tax where i live brings it to $818/mo. if you can get a better money factor or higher residual, that helps a lot:
each 1% increase in residual results in about ~$15 less per month
each .0001 reduction in money factor results in about ~$10 less per month
each 1% increase in residual results in about ~$15 less per month
each .0001 reduction in money factor results in about ~$10 less per month
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GS430 Leasing !!!
Driver School Candidate
Joined: Mar 2005
Posts: 41
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From: CA
Originally Posted by lexuslover
i just ran your numbers, and with using a resid of 54% and .00207 money factor (4.97% int rate), the payment is $758+tax. tax where i live brings it to $818/mo. if you can get a better money factor or higher residual, that helps a lot:
each 1% increase in residual results in about ~$15 less per month
each .0001 reduction in money factor results in about ~$10 less per month
each 1% increase in residual results in about ~$15 less per month
each .0001 reduction in money factor results in about ~$10 less per month
Thanks
MultiTasking Mom
Joined: Mar 2003
Posts: 1,662
Likes: 2
From: California
oh, i just used the #'s from my lease as an example. this was back in march 05, so they are likely different now.
i leased thru US Bank instead of LFS b/c LFS rates were not competitive when the GS was launched.
i leased thru US Bank instead of LFS b/c LFS rates were not competitive when the GS was launched.
Driver School Candidate
Joined: Dec 2005
Posts: 15
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From: Florida
How do you shop for lease rates? I have always gotten the financing from the dealer. I'm getting $821with tax for non navi GS300 39 month, 15k, and $821 out the door. 1063 same deal for an SC430. Is this good?
Intermediate
Joined: Oct 2005
Posts: 317
Likes: 7
From: Wi
Originally Posted by JAXGS
How do you shop for lease rates? I have always gotten the financing from the dealer. I'm getting $821with tax for non navi GS300 39 month, 15k, and $821 out the door. 1063 same deal for an SC430. Is this good?
Thats way to high.I have a non nav 300awd and my #s are $655 with 2000 down 47months.I only say that if your 300 is a not an AWD.
Driver School Candidate
Joined: Apr 2005
Posts: 38
Likes: 0
From: CA
GS 430 lease right now
I've currently been offered the following deal last week on a loaded GS430 from one of the largest volume dealers in the US.
Here's the deal.... 12,000 miles a year, 730 FICO score, 36 months, $ 2500.00 drive off with a payment of $ 765.00 a month, which includes taxes and lic.
I think it's great deal. I know this deal will only be available during the December to Remember promo which ends on Dec. 31 st.
Any thoughts guys?
Here's the deal.... 12,000 miles a year, 730 FICO score, 36 months, $ 2500.00 drive off with a payment of $ 765.00 a month, which includes taxes and lic.
I think it's great deal. I know this deal will only be available during the December to Remember promo which ends on Dec. 31 st.
Any thoughts guys?