lexus gs lease
lexus gs lease
Hi I have a 2011 lexus is350 which i am trading my lease for a lexus gs350.
The payoff of the car is 32,000 for the lexus is350. The dealership is willing to take my car and give me a lease on the 2013 lexus gs350 ( 53,800 MSRP) for 1000 out of the door and 580 dollars per month including tax.
Should i take this deal?
The payoff of the car is 32,000 for the lexus is350. The dealership is willing to take my car and give me a lease on the 2013 lexus gs350 ( 53,800 MSRP) for 1000 out of the door and 580 dollars per month including tax.
Should i take this deal?
Instructor
Joined: Apr 2004
Posts: 1,108
Likes: 34
From: California
Hi I have a 2011 lexus is350 which i am trading my lease for a lexus gs350.
The payoff of the car is 32,000 for the lexus is350. The dealership is willing to take my car and give me a lease on the 2013 lexus gs350 ( 53,800 MSRP) for 1000 out of the door and 580 dollars per month including tax.
Should i take this deal?
The payoff of the car is 32,000 for the lexus is350. The dealership is willing to take my car and give me a lease on the 2013 lexus gs350 ( 53,800 MSRP) for 1000 out of the door and 580 dollars per month including tax.
Should i take this deal?
- What is the residual?
- What is the money factor?
- What is your term?
- How many miles for the term?
- How much Security Deposit?
- How much down payment?
What is the cash price of your vehicle? Well, I leased the 2011 lexus is350 and giving them back. While i will take the lexus gs350 from them. Lease swap.
- What is the residual?
- What is the money factor? idk
- What is your term? 36 months
- How many miles for the term?12,000 miles
- How much Security Deposit? 0
- How much down payment?
Well i just putting 1000 which include first months payment, the registration fee. 1000 drive off. basically.
Also which car is going to have a more expensive insurance: Lexus is350 or gs350.
- What is the residual?
- What is the money factor? idk
- What is your term? 36 months
- How many miles for the term?12,000 miles
- How much Security Deposit? 0
- How much down payment?
Well i just putting 1000 which include first months payment, the registration fee. 1000 drive off. basically.
Also which car is going to have a more expensive insurance: Lexus is350 or gs350.
Last edited by UCLAJimmy; May 20, 2013 at 07:20 AM.
Instructor
Joined: Apr 2004
Posts: 1,108
Likes: 34
From: California
What is the cash price of your vehicle? Well, I leased the 2011 lexus is350 and giving them back. While i will take the lexus gs350 from them. Lease swap.
- What is the residual?
- What is the money factor? idk
- What is your term? 36 months
- How many miles for the term?12,000 miles
- How much Security Deposit? 0
- How much down payment?
Well i just putting 1000 which include first months payment, the registration fee. 1000 drive off. basically.
Also which car is going to have a more expensive insurance: Lexus is350 or gs350.
- What is the residual?
- What is the money factor? idk
- What is your term? 36 months
- How many miles for the term?12,000 miles
- How much Security Deposit? 0
- How much down payment?
Well i just putting 1000 which include first months payment, the registration fee. 1000 drive off. basically.
Also which car is going to have a more expensive insurance: Lexus is350 or gs350.
Have you reached out to your insurance agent?
Lexus Fanatic
Joined: May 2012
Posts: 68,871
Likes: 4,114
From: Maryland
What is the cash price of your vehicle? Well, I leased the 2011 lexus is350 and giving them back. While i will take the lexus gs350 from them. Lease swap.
- What is the residual?
- What is the money factor? idk
- What is your term? 36 months
- How many miles for the term?12,000 miles
- How much Security Deposit? 0
- How much down payment?
Well i just putting 1000 which include first months payment, the registration fee. 1000 drive off. basically.
Also which car is going to have a more expensive insurance: Lexus is350 or gs350.
- What is the residual?
- What is the money factor? idk
- What is your term? 36 months
- How many miles for the term?12,000 miles
- How much Security Deposit? 0
- How much down payment?
Well i just putting 1000 which include first months payment, the registration fee. 1000 drive off. basically.
Also which car is going to have a more expensive insurance: Lexus is350 or gs350.
1. You need to know the MSRP of the vehicle you are leasing
2. You need to negotiate the lowest purchase price possible, and you need to know what that price is.
3. You need to know the residual, this is the projected value at the end of the lease.
4. The Money Factor is the interest rate, you need to know that, its a decimal and when multiplied by 2400 gives you an interest rate.
5. You need to know the fees, taxes, tag fees, etc.
Since you are trading in the IS, you need to know the payoff for the IS, and what they are giving you in trade.
If you don't know all the figures and aren't capable of calculating the lease based on those figures, you will get absolutely screwed. You're basically signing paperwork and entering into a costly business agreement without any understanding of the terms. The idea that anybody would do that is just....absolutely incredible to me
Thanks for the help. I will definitely do that. I called AAA today and they said my insurance is going to increase by 700 dollars if i get the lexus gs350. Also, if i get the lexus ct200h, my insurance goes down by thousand. LOL. Why is the insurance so expensive for gs350 compare to lexus is350. same engine
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Lexus Fanatic
Joined: May 2012
Posts: 68,871
Likes: 4,114
From: Maryland
So much goes into it, your age, where you live, your previous driving record. No way to say for sure.
When I traded the ES for the GS mine went up like $114, so I wouldn't understand why it would go up so much going from the IS to the GS.
But please figure out these terms, and Google leasing and read everything you can read about it. You really need to understand how it works if you are going to lease. If all you ever look at is the payment, you're going to be duped over and over again.
When I traded the ES for the GS mine went up like $114, so I wouldn't understand why it would go up so much going from the IS to the GS.
But please figure out these terms, and Google leasing and read everything you can read about it. You really need to understand how it works if you are going to lease. If all you ever look at is the payment, you're going to be duped over and over again.
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Instructor
Joined: Apr 2004
Posts: 1,108
Likes: 34
From: California
Thanks for the help. I will definitely do that. I called AAA today and they said my insurance is going to increase by 700 dollars if i get the lexus gs350. Also, if i get the lexus ct200h, my insurance goes down by thousand. LOL. Why is the insurance so expensive for gs350 compare to lexus is350. same engine
- How many points do you have on your driving record?
- How many accidents have you had?
- How old are you?
I went from a '12 ES350 to the GS and my insurance somehow went down $58 a year.
I'm told other than tickets,accidents etc, the safety features are most important when it comes to a rate number.Medical costs are usually the biggest expense in a major accident.
Seems the GS has better safety test results than the ES.The last generation ES did not do so well with the new type testing.
I'm told other than tickets,accidents etc, the safety features are most important when it comes to a rate number.Medical costs are usually the biggest expense in a major accident.
Seems the GS has better safety test results than the ES.The last generation ES did not do so well with the new type testing.
Instructor
Joined: May 2011
Posts: 790
Likes: 38
From: AZ
Thanks for the help. I will definitely do that. I called AAA today and they said my insurance is going to increase by 700 dollars if i get the lexus gs350. Also, if i get the lexus ct200h, my insurance goes down by thousand. LOL. Why is the insurance so expensive for gs350 compare to lexus is350. same engine
Lexus Fanatic
Joined: May 2012
Posts: 68,871
Likes: 4,114
From: Maryland
USAA is good insurance, but its not cheap.
I have Allstate,no tickets,no points,no claims and my ES was a '12 vs your '10 if that matters that much or not due to the same bad crash test results..
