May 2016 GS350 F-Sport Leases
#1
Driver
Thread Starter
May 2016 GS350 F-Sport Leases
So what are people offering on the cars these days? I've heard Lexus is putting $3k towards the 2016's, and the MF is 54% for 3 year and 12k/year. I noticed that lexus is offering $559/36 months with $3,509 down and $669/36 months $0 down. Just curious what others are getting/offered? I know the $399/499 monthly payments are over, but trying to find what I should expect this weekend.
#2
Lexus Test Driver
I miss the $500s with zero down leases. Good times!
#3
Lead Lap
http://forums.edmunds.com/discussion...e-questions/p4
Search that forum for the current MF, residuals and incentives.
Search that forum for the current MF, residuals and incentives.
#4
Driver
Thread Starter
We ended up getting a 2016 USB F-Sport this past weekend.
MSRP: $61,655
Discount: $5000
Loyalty Cash: $3000
Tax Credit Savings: ~$3000
Residual for 3/36 is 56%
Zero Down, monthly payments around $670
MSRP: $61,655
Discount: $5000
Loyalty Cash: $3000
Tax Credit Savings: ~$3000
Residual for 3/36 is 56%
Zero Down, monthly payments around $670
#5
Lead Lap
I am considering leasing one of these as well. What is the tax credit savings? Also, is there that much in loyalty cash right now? I didn't think it was that high.
#6
Driver
Thread Starter
In Texas, when you lease a car, you have to pay 6.25% sales tax on the entire value of the car, and you pay it again on the residual if you buy the car off of lease (it's stupid, I know). I don't know exactly how they work, but with the tax credits, I only pay around $538 in tax. It may not apply for other states in your calculations, but $3k is over $80/monthly here.
Yes, at least in Texas, the Lexus Loyalty cash was $3,000 and we had to fill out a form to apply for it.
#7
BTW, I have leased many cars in Texas and know all,about tax credits. All I can say is that Texas is a very bizarre state for taxes on leases, but if tax credits are available it's a heck of a deal. They are not always available though. Dealers only get so many tax credits a month that they can give.
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#8
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I'm surprised that with a $8,000 discount and tax credits the lease payment is that high. Am I missing something?
BTW, I have leased many cars in Texas and know all,about tax credits. All I can say is that Texas is a very bizarre state for taxes on leases, but if tax credits are available it's a heck of a deal. They are not always available though. Dealers only get so many tax credits a month that they can give.
BTW, I have leased many cars in Texas and know all,about tax credits. All I can say is that Texas is a very bizarre state for taxes on leases, but if tax credits are available it's a heck of a deal. They are not always available though. Dealers only get so many tax credits a month that they can give.
MSRP - 57000
Purchase Price - 50700
$3000 Loyalty Cash (Lease)
1% Sales Tax
I did the one pay lease - 20K for 3 year / 45k miles
54% residual / .00060 MF
Roughly $550 / month
#9
Lead Lap
That's a hell of a deal.
#10
Lead Lap
Hi fellow (former) Viper owner!
In Texas, when you lease a car, you have to pay 6.25% sales tax on the entire value of the car, and you pay it again on the residual if you buy the car off of lease (it's stupid, I know). I don't know exactly how they work, but with the tax credits, I only pay around $538 in tax. It may not apply for other states in your calculations, but $3k is over $80/monthly here.
Yes, at least in Texas, the Lexus Loyalty cash was $3,000 and we had to fill out a form to apply for it.
In Texas, when you lease a car, you have to pay 6.25% sales tax on the entire value of the car, and you pay it again on the residual if you buy the car off of lease (it's stupid, I know). I don't know exactly how they work, but with the tax credits, I only pay around $538 in tax. It may not apply for other states in your calculations, but $3k is over $80/monthly here.
Yes, at least in Texas, the Lexus Loyalty cash was $3,000 and we had to fill out a form to apply for it.
As for the Viper, I had it for 10+ years and finally got rid of it when I had kids and needed something they could enjoy too. I recognize your screen name from the various Viper forums and love the launch edition. If my kids were old enough to ride in the front seat I would have either a launch edition (since I am partial to blue/white) or a TA. The Viper is either a car you get or don't get and most people don't get it.
#11
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I'm thinking of getting back into another GS when my lease is up. When you mention Loyalty Cash of $3000, is this the discount they offered for getting back into a Lexus or meaning down payment? Did you down anything?
#12
Lead Lap
I think it's typically referred to as "Lease cash"....so it reduces the capitalized cost.
#13
Driver
Thread Starter
As for the Viper, I had it for 10+ years and finally got rid of it when I had kids and needed something they could enjoy too. I recognize your screen name from the various Viper forums and love the launch edition. If my kids were old enough to ride in the front seat I would have either a launch edition (since I am partial to blue/white) or a TA. The Viper is either a car you get or don't get and most people don't get it.
Loyalty cash can be applied wherever you want, but you get it for being a current Lexus owner (we have two, so that wasn't an issue).
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