Leasing a GS350 F-Sport - Is this a good deal?
06-08-13, 05:44 AM
#16
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Your deal looks good. I doubt they will sell you a GS350 F sport at invoice but see if they will agree to another $500--$800 off.
How much money down are you putting in this deal? I see the security deposit (multiple) and upfront costs but how much towards the lease payment?
Is the first month payment included inn the lease? Do you have 35 more pwcayments?
How much money down are you putting in this deal? I see the security deposit (multiple) and upfront costs but how much towards the lease payment?
Is the first month payment included inn the lease? Do you have 35 more pwcayments?
06-08-13, 07:11 AM
#17
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So, they basically told me that I was crazy when I went back and asked for another $1300 off :-). They are giving me $26K for my 2010 4 runner (SR5) with 44K miles on it. They basically said that is way more than they would usually give. My assumption is that they invested more on the trade and that is why they can't go any lower on MSRP.
Thoughts?
Thoughts?
Did you run monthly payments without the extra security deposits?
Your deal looks excellent and although another $500 off would be great I would take this deal.
06-08-13, 07:24 AM
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1. GS 350 discounted to $55,005 from MSRP (includes rebate of $2500)
2. Capitalized Cost $53,309. This means an additional $1696 was applied to the cost via trade or down payment
3. Fees: $1438.75 (doc fee/license and Acquisition fee)
4. Security deposit (refundable) $3150.00
Total due: $6285
Do you have to pay taxes upfront on the entire car in your State? Or, are taxes added to the monthly payment like mine?
Are you upside down on the 4 Runner?
06-08-13, 07:30 AM
#19
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Let's look at the numbers:
1. GS 350 discounted to $55,005 from MSRP (includes rebate of $2500)
2. Capitalized Cost $53,309. This means an additional $1696 was applied to the cost via trade or down payment
3. Fees: $1438.75 (doc fee/license and Acquisition fee)
4. Security deposit (refundable) $3150.00
Total due: $6285
Do you have to pay taxes upfront on the entire car in your State? Or, are taxes added to the monthly payment like mine?
Are you upside down on the 4 Runner?
1. GS 350 discounted to $55,005 from MSRP (includes rebate of $2500)
2. Capitalized Cost $53,309. This means an additional $1696 was applied to the cost via trade or down payment
3. Fees: $1438.75 (doc fee/license and Acquisition fee)
4. Security deposit (refundable) $3150.00
Total due: $6285
Do you have to pay taxes upfront on the entire car in your State? Or, are taxes added to the monthly payment like mine?
Are you upside down on the 4 Runner?
06-08-13, 08:02 AM
#20
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My research showed your MF quote is excellent. But, someone quoted a lower MF of 0.0005 vs the standard 0.00095 on another site. This means that perhaps the dealer is still making money off your money factor.
Residual is correct at 59% for 12,000 miles per year vs. 57% for 15,000 miles per year.
Did Lexus have Conquest Cash available ($1,000) plus the $2500 rebate last month?
Many on other sites are reporting buying the GS 350 for $500 over invoice then applying the $2500 rebate.
Residual is correct at 59% for 12,000 miles per year vs. 57% for 15,000 miles per year.
Did Lexus have Conquest Cash available ($1,000) plus the $2500 rebate last month?
Many on other sites are reporting buying the GS 350 for $500 over invoice then applying the $2500 rebate.
06-08-13, 08:44 AM
#21
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So, they basically told me that I was crazy when I went back and asked for another $1300 off :-). They are giving me $26K for my 2010 4 runner (SR5) with 44K miles on it. They basically said that is way more than they would usually give. My assumption is that they invested more on the trade and that is why they can't go any lower on MSRP.
Thoughts?
Thoughts?
- New Car and Used Car trade in are two buckets. Keep both conversations separate.
06-09-13, 07:03 AM
#22
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KBB has my car listed at $26,890, in excellent condition. I have custom tires/rims on my car now and I know the dealership will most likely have to replace those for stock wheels/tires.
06-09-13, 07:07 AM
#23
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My research showed your MF quote is excellent. But, someone quoted a lower MF of 0.0005 vs the standard 0.00095 on another site. This means that perhaps the dealer is still making money off your money factor.
Residual is correct at 59% for 12,000 miles per year vs. 57% for 15,000 miles per year.
Did Lexus have Conquest Cash available ($1,000) plus the $2500 rebate last month?
Many on other sites are reporting buying the GS 350 for $500 over invoice then applying the $2500 rebate.
Residual is correct at 59% for 12,000 miles per year vs. 57% for 15,000 miles per year.
Did Lexus have Conquest Cash available ($1,000) plus the $2500 rebate last month?
Many on other sites are reporting buying the GS 350 for $500 over invoice then applying the $2500 rebate.
06-09-13, 07:10 AM
#24
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The dealer hadn't brought that up but then again all of our recent conversations have been via email. I plan on going in sometime next week to iron everything out but just want to be prepared (this will be my first lease).
06-09-13, 07:13 AM
#25
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Let's look at the numbers:
1. GS 350 discounted to $55,005 from MSRP (includes rebate of $2500)
2. Capitalized Cost $53,309. This means an additional $1696 was applied to the cost via trade or down payment
3. Fees: $1438.75 (doc fee/license and Acquisition fee)
4. Security deposit (refundable) $3150.00
Total due: $6285
Do you have to pay taxes upfront on the entire car in your State? Or, are taxes added to the monthly payment like mine?
Are you upside down on the 4 Runner?
1. GS 350 discounted to $55,005 from MSRP (includes rebate of $2500)
2. Capitalized Cost $53,309. This means an additional $1696 was applied to the cost via trade or down payment
3. Fees: $1438.75 (doc fee/license and Acquisition fee)
4. Security deposit (refundable) $3150.00
Total due: $6285
Do you have to pay taxes upfront on the entire car in your State? Or, are taxes added to the monthly payment like mine?
Are you upside down on the 4 Runner?
My 4Runner is completely payed off too.
06-09-13, 05:04 PM
#26
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Hi All. New to the forum and glad to be participating. I just struck a deal for a 13 F- Sport MSRP $59,595. $615/mo 36 month 10K/year. $1,685 out of pocket. I am in a state where we pay lease tax as we go, on a monthly basis. The $615 was tax included of 5.1%.
Money factor .0009
No security deposit.
Money factor .0009
No security deposit.
06-09-13, 06:23 PM
#27
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Hi All. New to the forum and glad to be participating. I just struck a deal for a 13 F- Sport MSRP $59,595. $615/mo 36 month 10K/year. $1,685 out of pocket. I am in a state where we pay lease tax as we go, on a monthly basis. The $615 was tax included of 5.1%.
Money factor .0009
No security deposit.
Money factor .0009
No security deposit.
06-09-13, 07:25 PM
#28
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I thought so. They were at 500 over invoice with a $198 dealer fee. That was a deal breaker so they adjusted to $300 over invoice with the deal fee. Plus the $2500. I pick it up in 2 weeks. Cant wait as it will be my first GS.
06-23-13, 08:37 PM
#29
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ended up getting it for $500 mo + $2000 initial down
Glendale Lexus sold my friend a demo with over 500 miles, ruined carpet (burnt by hot coffee i think), no cargo net, minor scratch on hood + who knows how the demo was driven...
they pretended it was a brand new car, invoice and every piece of paper work indicated that it was a brand new car
when we got home and took a good look after a few days, decided it was a demo and dealership lied about it
they allowed for the return and we stopped doing business with Glendale lexus forever
picked up the same deal at Longo, much friendlier service, straight up honest guys that are not the typical used-car sales man
end of the day, good deal at Longo.
Glendale Lexus sold my friend a demo with over 500 miles, ruined carpet (burnt by hot coffee i think), no cargo net, minor scratch on hood + who knows how the demo was driven...
they pretended it was a brand new car, invoice and every piece of paper work indicated that it was a brand new car
when we got home and took a good look after a few days, decided it was a demo and dealership lied about it
they allowed for the return and we stopped doing business with Glendale lexus forever
picked up the same deal at Longo, much friendlier service, straight up honest guys that are not the typical used-car sales man
end of the day, good deal at Longo.
06-24-13, 03:55 AM
#30
Driver School Candidate
I haven't seen all the exact numbers yet but, I am about to lease a 2013 GS350 F Sport for 36 months with a total price of just under $59K. The Lexus dealer quoted my lease payments as above $1,300 a month. How do you guys find payments for less than $600 all the time? I still haven't seen all the numbers. I'm scheduled to go in to sign the paperwork this Friday then I'll know all that stuff. I have a 2012 F150 FX4 I'm trading in and am $13K upside down on. The Lexus dealer said they would pay it off add the $13K to the GS350 (actually bringing the total price to $71K as if I were to finance it) and I guess that's why the price is so high. But, for a 36 month lease and reading about everyone else paying half that or even a third of that most of the time, I'm about to back out of this lease completely. Is it possible that this quote is for the total financing and that the dealership is not talking about a lease payment at all? I don't know how leasing works but, I thought it was based on the amount of the car you would pay for over a certain time (36 months or whatever) and not the total price of the car. Can someone explain the whole thing to me before I jump into a lease agreement I might regret and be stuck with? For $1,300 a month I might as well just finance the thing for a total price of $71K (including my upside down trade in). More and more I'm thinking that quote was based on me financing the new GS with my trucks upside down payoff. But, can someone tell me how the lease is supposed to work with a trade in like this? How does it affect the cost of the lease if it's only for 36 months compared to five year financing? I'm trying to make sense of all this and I'm really confused by it. How does leasing for 36 months cost more than financing $60K?
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