430Chuck

I leased a 2016 GS 350 F Sport White/Red 36 months 15K per year in South Florida on Monday.
MSRP $56,950....got them down to $52,370...plus $982.23 in dealer and filling fees for an adjusted Cap Cost of $53,352.83. Monthly rate of $660.38 without tax.

ItzFilyO

Damn almost $700 a month? With tax ur at $700 right? This is with no money down and no negative trade in? I'm at $720 for my 14 all in, with $5K negative trade and zero at signing.

The 15s were in the low $500s, so that means the deal on the 16s must be really bad now.

sick21

These are my thoughts exactly. In no way will I be moving to a 16 anytime soon lol

SW17LS

Just FYI, my 2013 was $700 a month with no negative equity and at the time that was a great deal.

It's all relative. You guys have been spoiled by what are truly incredible lease payments for a car this expensive.

If you guys continue to expect that you're going to be able to drive a $60,000 car for $550 a month with nothing down, you're going to be disappointed. With rates on the rise and all, you better get used to paying $700+ at some point in the future.

Malu59RT

To echo that, try to find other brands offering $60k cars for $500-$600 a month. I've shopped other brands, and realized how good the deals are with Lexus, we are definitely spoiled.

ItzFilyO

Then I got a good deal, with -5K and wheel and tires protection pack! All in for 725 and no down.

Maybe they're trying to get the resale value back up so the leases aren't dirt cheap anymore.

SW17LS

Just to put it even more in perspective the payment on my 2010 ES350 with an MSRP of $42k was $615 a month. That was for 18k miles but still.

sick21

I am haha! I pay $937/mo for my lease. But I had a **** ton of negative equity lol

SW17LS

Good lord! Thats the payment on my LS!

sick21

But you didn't have like $15k neg equity lmao

SW17LS

This is true!

ItzFilyO

Damn 15K negative equity?! Sick u are sick!

AJLex19

My dealer was offering lease options on their used inventory as well which were pretty good if you were looking to save $$$ and be in the latest generation GS for the most affordable per-month lease cost.

They were offering $379 -$399 a month on any two/three year old GS in stock (basically early build '13 GS's that were leased/registered in 2012 and some 2013s). This was for a 36 month lease with $1800 down and up to 15k/miles per year.

Undeniably in a year or two the '16 lease prices will fall rapidly...never thought of leasing a used car, but if its still under full warranty about half of that lease period, why not if you're looking for the best deal?

All this talk about the crazy high prices on the new '16 leases reminds me when my uncle bought a Sony DVD player for about $1100 when they first came out. But he wanted to be an early adopter and had to shell out the money for it...but in my humble opinion, getting in too early in a depreciating investment can be a tough pill to swallow when you hear prices drop not too long after your purchase...

sbaldwin77

Okay I think see the problem with the leasing now. Back when I got my 2014 GS Sport in late 2013, the residual was at a very nice 70%. Now it's at or around 56%! That explains why the lease numbers are looking funny and $100-200 more than my current lease.

ItzFilyO

So basically it's better to just buy it out after my lease? Mine will be $30K after my 4 yrs lease.