Gs 430 Lease Question

jmcphillip · 10-20-05, 06:15 AM

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

Niloy63 · 10-20-05, 06:23 AM

I say buy it... don't lease it. For an another 15 grand, the car would be yours!

jmcphillip · 10-20-05, 06:57 AM

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.

2ndGenIS · 10-20-05, 09:31 AM

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.

scottmyers · 10-21-05, 05:07 AM

Quote:

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

Plug in the numbers with a lease calculator.

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.

my06GS300 · 10-21-05, 11:16 AM

Scottmeirs,
I think that you made a mistake: The money factor should be low and the residual should be high. Not both low.

lexuslover · 10-21-05, 11:23 AM

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

scottmyers · 10-22-05, 05:05 AM

Quote:

Originally Posted by my06GS300

Scottmeirs,
I think that you made a mistake: The money factor should be low and the residual should be high. Not both low.

Correct, my mistake.

Thanks

Mrbig · 10-23-05, 10:00 AM

You might be able to get that deal, but only if they have special rates out for the car which they might have right now !!!

1984911Tar · 11-07-05, 04:14 PM

Quote:

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

Where are you getting the lexus lease rates?

Thanks

lexuslover · 11-07-05, 04:27 PM

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.

JAXGS · 12-23-05, 12:05 AM

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?

Mrbig · 12-23-05, 08:58 AM

Those numbers are way too high, at least i think so. You should be able to take home a GS430 lease for about $800.00 a month with around 2k down..........2006 loaded !!!

4thone · 12-23-05, 11:24 AM

Quote:

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.

619brick · 12-23-05, 06:59 PM

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?