LS - 4th Gen (2007-2017) Discussion topics related to the current flagship models LS460, LS460L and LS600H

L/Certified Leasing - Dealer Pricing?

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Old 02-10-16, 04:50 PM
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mattchk
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Default L/Certified Leasing - Dealer Pricing?

Hi, Friends! I'm currently looking at moving from my 2008 LS460 to a 2013+ model. I'm looking at two vehicles at two different dealerships - one F-Sport and one not. Both priced at $53,900. I requested a quote for a 24 month lease with nothing down. The F-Sport dealership came back at $966 and the other came back with $872.

I did expect them to be slightly different assuming a separate residual amount, but not nearly that much. Both models have identical options with the only difference being the F-Sport. Neither dealership disclosed the MF.

Am I missing something here? Any help would be appreciated!
Old 02-10-16, 04:57 PM
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baksdak
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Get the residual, MF, and cap cost with the breakdown of all fees and taxes. There is a separate thread about leasing CPO vehicles and all of us wondering how the residuals and rates are set. For a 54k car, those payments are horrible.
Old 02-10-16, 05:03 PM
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Nospinzone
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I know nothing about leasing, but it would seem to me if both cars are priced at $53,900 then the lease price should be identical. It seems that you would prefer the F Sport. I would just tell that dealer the price at the other dealer and tell him if he matched it you have a deal.

It wouldn't hurt to hand him a check with the first month's lease payment. It would be very hard for the salesman to give you that check back.
Old 02-10-16, 05:15 PM
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sktn77a
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Same down payment and residual?

EDIT: And check out the CPO pricing on KBB.com and Edmunds.com

Last edited by sktn77a; 02-10-16 at 05:19 PM.
Old 02-10-16, 05:54 PM
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mattchk
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I've requested the lease factors, so, we shall see. The F-Sport does have 10,000 more miles. I thought both numbers seemed high, too, despite nothing down and a 15,000 mile lease. For the price point, I'd consider a GS but it just hurts my heart a little.
Old 02-12-16, 10:46 AM
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sktn77a
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Originally Posted by mattchk
For the price point, I'd consider a GS but it just hurts my heart a little.
The 6 cylinder GS is a very nice car. The 4 cylinder is a sad acquiescence to CAFE!
Old 02-12-16, 03:19 PM
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SW17LS
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FYI, my lease payment on my LS, bought new is $950. 48 Months.
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