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GS 450h lease offer

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Old Jan 13, 2007 | 02:53 PM
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Default GS 450h lease offer

Lexus web site advertises a lease offer on the GS 450h, but does not provide any details. My dealer says the offer is for money factor of 0.00255, which is equivalent to 6% interest rate. That seems to be too high to be a special offer. Does anyone have any details on the special rate?

Thanks.
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Old Jan 13, 2007 | 03:07 PM
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that rate is correct if you have a 690+ beacon score, if you have a 730+ beacon it goes down to .00245
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Old Jan 13, 2007 | 03:15 PM
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What residual are they quoting you? Was this also mentioned to be part of the "special"?
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Old Jan 13, 2007 | 03:24 PM
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no, the special is on the money factor, there isnt a special residual

let me be more specific: lexus financial services does not run specials on the residual percentages, only on the money factors

Last edited by jjbodean; Jan 13, 2007 at 03:34 PM.
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Old Jan 13, 2007 | 03:41 PM
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Originally Posted by jjbodean
let me be more specific: lexus financial services does not run specials on the residual percentages, only on the money factors
OK. So what residual did you get (on what term)?
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Old Jan 13, 2007 | 04:02 PM
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that's correct.
I actually checked into leasing, but the payment / each month was only 10 dollars less than actually purchasing the gs450h.
go figure. I had a 813 as well. still not a deal to lease...
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Old Jan 13, 2007 | 04:09 PM
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the residuals on the most popular terms are:

months - res %

24 - 59
36 - 51
39 - 48
48 - 39

add 2 points to each of those (except 24 months) for 12,000 miles per year, standard mileage for those % is 15,000 miles per year
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Old Jan 14, 2007 | 07:54 AM
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Originally Posted by jjbodean
the residuals on the most popular terms are:

months - res %

24 - 59
36 - 51
39 - 48
48 - 39

add 2 points to each of those (except 24 months) for 12,000 miles per year, standard mileage for those % is 15,000 miles per year
Exactly right! Since I'm driving about 9,000 miles annually, I asked for 12K miles, and the residual was 53%.

Thank you for the details on the money factor; I will ask why it wasn't 0.00245.
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Old Jan 15, 2007 | 03:59 PM
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quoting the .00255 is a safer bet than the lower rate since more people will actually qualify for that rate
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Old Jan 15, 2007 | 07:37 PM
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I checked with the dealership today, and it turns out that I did qualify for the lowest money factor. Too bad it only lowers the monthly payment by $8...

One the other hand, I got an unbeatable deal on the car: $53,000 for the car with $60,200 MSRP! It is a demo car with less than 500 miles on it.
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