2014 GS350 F-Sport Lease Deal - Good?
#211
December to Remember Sale has started.
I am looking for a zero down GS F Sport 12k lease for 24 months or may just do the purchase if the price is really attractive.
I remember last year the dealer were offering $10k off the retail price during the last couple days of December.
Let the search begin.
Thank You.
I am looking for a zero down GS F Sport 12k lease for 24 months or may just do the purchase if the price is really attractive.
I remember last year the dealer were offering $10k off the retail price during the last couple days of December.
Let the search begin.
Thank You.
#212
if you could handle a 2014 thats left over in inventory, im sure you could get a great deal with the 2015's coming in.
December to Remember Sale has started.
I am looking for a zero down GS F Sport 12k lease for 24 months or may just do the purchase if the price is really attractive.
I remember last year the dealer were offering $10k off the retail price during the last couple days of December.
Let the search begin.
Thank You.
I am looking for a zero down GS F Sport 12k lease for 24 months or may just do the purchase if the price is really attractive.
I remember last year the dealer were offering $10k off the retail price during the last couple days of December.
Let the search begin.
Thank You.
#213
Yep,
Definitely would like to go with the 2015 model.
Also contemplating on getting a 2015 RX for my wife.
She has a 2013 right now. Need to start doing some research if it is worth it to do the upgrade for her.
Thank You.
Definitely would like to go with the 2015 model.
Also contemplating on getting a 2015 RX for my wife.
She has a 2013 right now. Need to start doing some research if it is worth it to do the upgrade for her.
Thank You.
#214
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Hello,
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
#216
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Hello,
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
#217
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Hello,
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
I may have been able to get lower but I had a very good deal on my trade in (I pulled manheim before I went in) and honestly I doubt they will make much if anything on my trade in.
Regardless I think you should get away with a lot less down and a sub 600 payment.
#218
Lexus Test Driver
Hello,
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
The lease on my BMW 335 is coming to an end this month, and I am considering leasing a leftover 2014 Lexus GS350. The MSRP is $59,833, and I am thinking of doing 27 months @ 15k with $3000 down. What would you guys consider a GOOD Deal? I am going to the dealership tomorrow afternoon and would appreciate your advice before I get into negotiations!
Thank You!
#219
I can't believe people consider leasing. Really, you shouldn't even finance a car. If you don't have the cash on hand, you can't afford it. There's a reason Dave Ramsey calls it a "Fleece". He also points out, only millionaires should be buying new cars. And if it's a $60K Lexus, probably you should be a multimillionaire.
Remember, the dealer always has the upper hand. They do thousands of transactions per year. You do one every 2 or 3 years, at the most. Which party do you think has all the angles figured out?
Here's the kind of info your dealer is armed with:
How Does a Dealer Make Money on a Car Lease?
http://smallbusiness.chron.com/deale...ase-41245.html
As a car dealer, you can make money by leasing a car in many of the same ways as if you were selling the car. For example, you can profit from the price the customer agrees to at both the start and the end of the lease. You also can make money on the interest rate of the lease, the amount the customer receives on his trade-in and any extras he purchases.
Capitalized Cost and Residual Value
When you put up a car for lease, the customer pays you the amount by which the car depreciates in value over the period of the lease. Since no car has a set depreciation amount, the amount of that payment will be the result of your negotiation with the customer, just as if you were selling the car. When you and the buyer agree on a price, that price is known as the capitalized cost. The higher a capitalized cost you can get the customer to agree to, the more profit you stand to make. The other main pricing variable in a car lease is the residual value, or the amount the car is worth at the end of the lease period. This is also an area of negotiation between you and the customer. A lower residual value results in more profit for you as a dealer, as the customer must pay the difference between the original capitalized cost and the final residual value.
Lease Financing
When you offer a car for lease, you must buy the car from the manufacturer. Unlike a car sale, in which the customer will take out a loan and pay you the full amount of the car upfront, with a lease you must front this cost. In this sense, you are essentially loaning the customer money to lease the car, which will probably cost you interest. You can recoup this cost and more by negotiating the interest rate on your customer's lease payments, which is known as the "money factor." Unlike with a straight loan, you do not have to disclose the money factor to the customer unless he requests it. By charging a higher interest rate than you have to pay yourself, you can make additional profit on the lease.
Related Reading: Tax on a Lease Cap Reduction
Add-Ons
Selling your customer add-ons, such as low-profile tires, a navigation system or an upgraded audio system, will add to the capitalized cost of the lease, resulting in higher lease payments from your customer. By building in an additional profit margin or markup to these items, you can make more money on the lease. Since the customer will be paying for these add-ons over time, you will also earn additional interest on the cost of those add-ons, which goes directly to your bottom line.
Trade-In Value
Some customers might want to trade in a vehicle to lower the capitalized cost of their lease. Since most customers leasing a new car are more focused on the price of the new car, you might be in a good position to negotiate a lower value on the customer's trade-in, thereby increasing your profit on the overall lease deal. If a customer is willing to trade in his old car to lease a new car, it typically means he doesn't need or want it anymore. This might make him less likely to hold out for a higher price on the vehicle. As a dealer, you should also have a better grasp on the true resale value of the vehicle, which puts you in a better negotiating position.
Remember, the dealer always has the upper hand. They do thousands of transactions per year. You do one every 2 or 3 years, at the most. Which party do you think has all the angles figured out?
Here's the kind of info your dealer is armed with:
How Does a Dealer Make Money on a Car Lease?
http://smallbusiness.chron.com/deale...ase-41245.html
As a car dealer, you can make money by leasing a car in many of the same ways as if you were selling the car. For example, you can profit from the price the customer agrees to at both the start and the end of the lease. You also can make money on the interest rate of the lease, the amount the customer receives on his trade-in and any extras he purchases.
Capitalized Cost and Residual Value
When you put up a car for lease, the customer pays you the amount by which the car depreciates in value over the period of the lease. Since no car has a set depreciation amount, the amount of that payment will be the result of your negotiation with the customer, just as if you were selling the car. When you and the buyer agree on a price, that price is known as the capitalized cost. The higher a capitalized cost you can get the customer to agree to, the more profit you stand to make. The other main pricing variable in a car lease is the residual value, or the amount the car is worth at the end of the lease period. This is also an area of negotiation between you and the customer. A lower residual value results in more profit for you as a dealer, as the customer must pay the difference between the original capitalized cost and the final residual value.
Lease Financing
When you offer a car for lease, you must buy the car from the manufacturer. Unlike a car sale, in which the customer will take out a loan and pay you the full amount of the car upfront, with a lease you must front this cost. In this sense, you are essentially loaning the customer money to lease the car, which will probably cost you interest. You can recoup this cost and more by negotiating the interest rate on your customer's lease payments, which is known as the "money factor." Unlike with a straight loan, you do not have to disclose the money factor to the customer unless he requests it. By charging a higher interest rate than you have to pay yourself, you can make additional profit on the lease.
Related Reading: Tax on a Lease Cap Reduction
Add-Ons
Selling your customer add-ons, such as low-profile tires, a navigation system or an upgraded audio system, will add to the capitalized cost of the lease, resulting in higher lease payments from your customer. By building in an additional profit margin or markup to these items, you can make more money on the lease. Since the customer will be paying for these add-ons over time, you will also earn additional interest on the cost of those add-ons, which goes directly to your bottom line.
Trade-In Value
Some customers might want to trade in a vehicle to lower the capitalized cost of their lease. Since most customers leasing a new car are more focused on the price of the new car, you might be in a good position to negotiate a lower value on the customer's trade-in, thereby increasing your profit on the overall lease deal. If a customer is willing to trade in his old car to lease a new car, it typically means he doesn't need or want it anymore. This might make him less likely to hold out for a higher price on the vehicle. As a dealer, you should also have a better grasp on the true resale value of the vehicle, which puts you in a better negotiating position.
#220
Lexus Test Driver
I can't believe people consider leasing. Really, you shouldn't even finance a car. If you don't have the cash on hand, you can't afford it. There's a reason Dave Ramsey calls it a "Fleece". He also points out, only millionaires should be buying new cars. And if it's a $60K Lexus, probably you should be a multimillionaire.
Remember, the dealer always has the upper hand. They do thousands of transactions per year. You do one every 2 or 3 years, at the most. Which party do you think has all the angles figured out?
Here's the kind of info your dealer is armed with:
How Does a Dealer Make Money on a Car Lease?
http://smallbusiness.chron.com/deale...ase-41245.html
As a car dealer, you can make money by leasing a car in many of the same ways as if you were selling the car. For example, you can profit from the price the customer agrees to at both the start and the end of the lease. You also can make money on the interest rate of the lease, the amount the customer receives on his trade-in and any extras he purchases.
Capitalized Cost and Residual Value
When you put up a car for lease, the customer pays you the amount by which the car depreciates in value over the period of the lease. Since no car has a set depreciation amount, the amount of that payment will be the result of your negotiation with the customer, just as if you were selling the car. When you and the buyer agree on a price, that price is known as the capitalized cost. The higher a capitalized cost you can get the customer to agree to, the more profit you stand to make. The other main pricing variable in a car lease is the residual value, or the amount the car is worth at the end of the lease period. This is also an area of negotiation between you and the customer. A lower residual value results in more profit for you as a dealer, as the customer must pay the difference between the original capitalized cost and the final residual value.
Lease Financing
When you offer a car for lease, you must buy the car from the manufacturer. Unlike a car sale, in which the customer will take out a loan and pay you the full amount of the car upfront, with a lease you must front this cost. In this sense, you are essentially loaning the customer money to lease the car, which will probably cost you interest. You can recoup this cost and more by negotiating the interest rate on your customer's lease payments, which is known as the "money factor." Unlike with a straight loan, you do not have to disclose the money factor to the customer unless he requests it. By charging a higher interest rate than you have to pay yourself, you can make additional profit on the lease.
Related Reading: Tax on a Lease Cap Reduction
Add-Ons
Selling your customer add-ons, such as low-profile tires, a navigation system or an upgraded audio system, will add to the capitalized cost of the lease, resulting in higher lease payments from your customer. By building in an additional profit margin or markup to these items, you can make more money on the lease. Since the customer will be paying for these add-ons over time, you will also earn additional interest on the cost of those add-ons, which goes directly to your bottom line.
Trade-In Value
Some customers might want to trade in a vehicle to lower the capitalized cost of their lease. Since most customers leasing a new car are more focused on the price of the new car, you might be in a good position to negotiate a lower value on the customer's trade-in, thereby increasing your profit on the overall lease deal. If a customer is willing to trade in his old car to lease a new car, it typically means he doesn't need or want it anymore. This might make him less likely to hold out for a higher price on the vehicle. As a dealer, you should also have a better grasp on the true resale value of the vehicle, which puts you in a better negotiating position.
Remember, the dealer always has the upper hand. They do thousands of transactions per year. You do one every 2 or 3 years, at the most. Which party do you think has all the angles figured out?
Here's the kind of info your dealer is armed with:
How Does a Dealer Make Money on a Car Lease?
http://smallbusiness.chron.com/deale...ase-41245.html
As a car dealer, you can make money by leasing a car in many of the same ways as if you were selling the car. For example, you can profit from the price the customer agrees to at both the start and the end of the lease. You also can make money on the interest rate of the lease, the amount the customer receives on his trade-in and any extras he purchases.
Capitalized Cost and Residual Value
When you put up a car for lease, the customer pays you the amount by which the car depreciates in value over the period of the lease. Since no car has a set depreciation amount, the amount of that payment will be the result of your negotiation with the customer, just as if you were selling the car. When you and the buyer agree on a price, that price is known as the capitalized cost. The higher a capitalized cost you can get the customer to agree to, the more profit you stand to make. The other main pricing variable in a car lease is the residual value, or the amount the car is worth at the end of the lease period. This is also an area of negotiation between you and the customer. A lower residual value results in more profit for you as a dealer, as the customer must pay the difference between the original capitalized cost and the final residual value.
Lease Financing
When you offer a car for lease, you must buy the car from the manufacturer. Unlike a car sale, in which the customer will take out a loan and pay you the full amount of the car upfront, with a lease you must front this cost. In this sense, you are essentially loaning the customer money to lease the car, which will probably cost you interest. You can recoup this cost and more by negotiating the interest rate on your customer's lease payments, which is known as the "money factor." Unlike with a straight loan, you do not have to disclose the money factor to the customer unless he requests it. By charging a higher interest rate than you have to pay yourself, you can make additional profit on the lease.
Related Reading: Tax on a Lease Cap Reduction
Add-Ons
Selling your customer add-ons, such as low-profile tires, a navigation system or an upgraded audio system, will add to the capitalized cost of the lease, resulting in higher lease payments from your customer. By building in an additional profit margin or markup to these items, you can make more money on the lease. Since the customer will be paying for these add-ons over time, you will also earn additional interest on the cost of those add-ons, which goes directly to your bottom line.
Trade-In Value
Some customers might want to trade in a vehicle to lower the capitalized cost of their lease. Since most customers leasing a new car are more focused on the price of the new car, you might be in a good position to negotiate a lower value on the customer's trade-in, thereby increasing your profit on the overall lease deal. If a customer is willing to trade in his old car to lease a new car, it typically means he doesn't need or want it anymore. This might make him less likely to hold out for a higher price on the vehicle. As a dealer, you should also have a better grasp on the true resale value of the vehicle, which puts you in a better negotiating position.
#221
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
#222
Lexus Test Driver
So first of all, Dave Ramsey is a multimillionaire, has sold millions of books, and his radio show has a huge following. He never, ever borrows money for anything, least of all the biggest depreciating asset around - a new car.
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
#223
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Join Date: Oct 2014
Location: PA
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So first of all, Dave Ramsey is a multimillionaire, has sold millions of books, and his radio show has a huge following. He never, ever borrows money for anything, least of all the biggest depreciating asset around - a new car.
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
Fact of matter is buying a luxury car is not smart people. but for some it's a passion. I save and borrow no money except for a car (choose to lease) and a house. The car is a complete waste of money but it makes me happy and it's the little bit of money I truly waste - if spending money I work hard for on my happiness be called a waste.
It's great to tell general america to borrow less but overall this post is pointless on this forum without context.
#224
Intermediate
iTrader: (1)
So first of all, Dave Ramsey is a multimillionaire, has sold millions of books, and his radio show has a huge following. He never, ever borrows money for anything, least of all the biggest depreciating asset around - a new car.
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
Tell you what. You go some articles from personal finance experts that tell you leasing is a good financial decision. Post them here. Then you can call me and Dave "morons".
Pay cash, or don't even walk the showroom floor.
Finance, lease, or cash it's the same thing at the end of the day. There are even situations with low MF/financing rates that could make it a better decision than paying cash upfront
#225
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I'm not sure what makes you believe paying cash will prevent the car from depreciating...
Finance, lease, or cash it's the same thing at the end of the day. There are even situations with low MF/financing rates that could make it a better decision than paying cash upfront
Finance, lease, or cash it's the same thing at the end of the day. There are even situations with low MF/financing rates that could make it a better decision than paying cash upfront
But people that post the Dave R. philsophy in the context he has, won't listen no matter what you say.