Firs offer from dealer on a 2015 GS 350 - how much better can I do?
08-13-15, 06:18 AM
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Firs offer from dealer on a 2015 GS 350 - how much better can I do?
Hi everyone, new to the Forum and looking at a '15 GS 350 F-Sport - pretty much fully loaded. Got my first offer from the dealer. Sticker is $60,685, offer was for $56,742. I know I can do a lot better than that, but how low can I expect to land? Also, dealer offered a one-time lease payment of $19,240 for 3 years/10k miles driven by that offer amount above. Any thoughts on that?
08-13-15, 07:25 AM
#3
Hi everyone, new to the Forum and looking at a '15 GS 350 F-Sport - pretty much fully loaded. Got my first offer from the dealer. Sticker is $60,685, offer was for $56,742. I know I can do a lot better than that, but how low can I expect to land? Also, dealer offered a one-time lease payment of $19,240 for 3 years/10k miles driven by that offer amount above. Any thoughts on that?
go to truecar.com, build the car as you were quoted and get a TRUE price in your area, then print it out and go to the dealer....
why would anyone do a one pay lease? you could keep $20,000 in an account making money for you.... If you are looking to lease, why not explore putting down max MSD's?
08-13-15, 08:07 AM
#5
Never put money down on a lease. Never
08-13-15, 08:31 AM
#6
Lexus Test Driver
Why would u pay ur lease payments all at once? If ur buying it's a different story. Keep the money in ur pocket and do it monthly, if something happens to the car during the lease ur already out 19 Grand.
08-13-15, 08:38 AM
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08-13-15, 09:26 AM
#8
If You have an extra $20,000 lying around, why not put it in an interest bearing account and let it work for you? It doesn't make financial sense to me to give it to LFS and let them collect interest off it
08-13-15, 09:48 AM
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Based on the two quotes (the monthly payments x 35 - first payment incl) and the one up-front payment), this would save me almost $4000 over the life of the lease as I don't pay sales tax and the money factor is 0. I did the math of the two offers. You cant get that kind of a return on $20K unless you are very lucky at stocks or gambling. Am I missing something?
08-13-15, 09:52 AM
#10
Based on the two quotes (the monthly payments x 35 - first payment incl) and the one up-front payment), this would save me almost $4000 over the life of the lease as I don't pay sales tax and the money factor is 0. I did the math of the two offers. You cant get that kind of a return on $20K unless you are very lucky at stocks or gambling. Am I missing something?
You can still do better on the sale price
08-13-15, 10:00 AM
#11
Lexus Test Driver
Are u sure ur not paying tax on a one pay lease? It might be included already and dealer is just scamming u. 
08-13-15, 12:10 PM
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Bottom line as it was spelled out by the dealer... pay $19,240.15 out the door which includes all my lease payments and any and all fees (or taxes???). With a residual of $36, 843.39. All based on the initial offer price of $56,742.00 plus sales tax, registration and fees which would total $60,735.19! Car MSRP is $60,685.00
This is interesting. If you add the one-pay lease number to the residual, the sum is LESS than the negotiated price of the car. ($56,083 vs. $56,742.) ... That's why I am asking if I am missing something. I do have this in a written quote from the dealer.
This is interesting. If you add the one-pay lease number to the residual, the sum is LESS than the negotiated price of the car. ($56,083 vs. $56,742.) ... That's why I am asking if I am missing something. I do have this in a written quote from the dealer.
08-13-15, 12:30 PM
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Bottom line: paying up front should reduce the net out cost because they are sitting on your $20k for 3 years & there is no risk of default. Get a better deal for "all up front" if that's what you choose to do.
08-13-15, 06:11 PM
#15
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Hi everyone, new to the Forum and looking at a '15 GS 350 F-Sport - pretty much fully loaded. Got my first offer from the dealer. Sticker is $60,685, offer was for $56,742. I know I can do a lot better than that, but how low can I expect to land? Also, dealer offered a one-time lease payment of $19,240 for 3 years/10k miles driven by that offer amount above. Any thoughts on that?
What is the money factor?
What is the residual?
