Ryan811

Hi CL members,

I've been a long time lurker as I've always loved Lexus. My first car was a Toyota Avalon and that thing treated me great, my little brother is still driving it since I handed down to him(250k miles).

Long story short, I've decided my next car will be a Lexus GS 350 F-Sport. My Honda Accord got flooded 2 weeks ago and I'm waiting on the insurance check to pull the trigger.

I'm currently in sales and I "think" I'm a decent negotiator. My annual income is $70k - $90k (w/ Bonuses)

I'm currently paying $1200 mortgage, no kids, got a gf that doesn't cost as much as my mortgage (blessed)

So I'm looking at this particular GS here. I've test driven the 2015 GS F sport and LOVED it.
http://www.cars.com/vehicledetail/de...2757/overview/

Do you think I should get this one down to $37k OTD ? I'm planning to put $5k down.
Or Should I lease the New one and buy it out at the end of the lease after 3 years.

Thanks,
Ryan

RTLindsay

Ryan,

In my totally non-biased car salesman opinion, Leasing is always the best way to go. It sounds like you're a young man. One thing to think of is what your situation will be in a few years. Another thing to think about is what if 3 years from now a new GS comes out and you love it? If you buy a used one now, you're going to kind of be stuck because when a new body style comes out it will drop your trade value. SO, if I were in your shoes.... I would be leasing.

If you have any questions on any of this car sales nonsense talk, just let me know!

Best of luck,
Ray

96SC4

iTrader: (2)

Are you buying it outright with cash after the 3 year lease?
Or are you financing it again to satisfy the buyout?
If the latter, that is never a good idea.

LI Lexus

Lease.. and keep the 5K in your pocket, never put money down on a lease, if the car is stolen or totaled the money is gone

only catch I believe in TX you pay tax on the entire car value, not just the amount spread over the term of the lease

RTLindsay

Also, last month there was a $2300 lease bonus cash..... That's free money, so even if you lease it and then buy it out you will come out ahead. And new incentives come out tomorrow (6/2) so you may even get more than that! Trust me, I'm a car salesman! Lol

faifai83

New or used?

RTLindsay

New. 2015 models of course. But with you being west coast, you should check with your local dealer. I know that's what we had in VA......

xRYD3Rx

Lexus salesman?

xRYD3Rx

Also, 2013 GS 350 FOR $42,900 especially with 43k miles is way to much!

You can do better honestly. $30-35k OTD. My opinion.

My 2010 was 38k OTD with 20k miles - this was in 2012 so was a 2 year old car.

You can do better. Good luck. I also recommend leasing 2015.

dchar

Lease new 2015, and switch it out for a new one in a few years.

sivikvtec

I agree that 2013 that OP posted is way overpriced.

How negotiable the price is will depend on that dealer and nothing else. I recently bought one of these and some dealers that were asking an outrageous amount for a car were sometimes not interested at all in significantly dropping the price to make a sale. I think some of the dealers out there have no interest in selling cars and would prefer to open a Lexus museum instead lol.

SC300Es

Correct. 2013s with little over 20k miles are going for about $39-41k.

RTLindsay

Yep, and I love it!

SW17LS

It all depends on whether you're goi to to keep the car or not. If you think yo'll keep it, you should buy one and a used one is going to be a better value. If you don't see yourself keeping it longer than 5 years, lease a new one.

Ryan811

First of all, thank you so much for your inputs guys. I'll definitely value these great information and opinions

I'm planning to keep the car for a long time. Since it's a lexus so they have great reputation on reliability.
I'm leaning towards the CPO one IF I can get it down to $35k OTD.

If not I'm going with leasing a new one. $0 down, trying to get somewhere $450-$500. I'm reading the Lease GS350 thread now to see what is everyone paying for it.