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GS - 4th Gen (2013-2020) Discussion about the 2013 and up GS models

Leasing?

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Old Jan 19, 2017 | 10:10 AM
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Default Leasing?

My plans are to pay off and keep my 15 f sport as my daily driver. Down the road if I feel like having another car payment, it will probably be one on the GS-F. My question is, what is considered to be a good/great lease deal on a Lexus? Never leased before and know I won't finance that amount. Any help would be appreciated.
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Old Jan 19, 2017 | 11:52 AM
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Originally Posted by spiveyb
My plans are to pay off and keep my 15 f sport as my daily driver. Down the road if I feel like having another car payment, it will probably be one on the GS-F. My question is, what is considered to be a good/great lease deal on a Lexus? Never leased before and know I won't finance that amount. Any help would be appreciated.
I've never leased before because I feel like you can get a better deal with an outright bank financed deal.

I would assume no money down would be good a start.
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Old Jan 19, 2017 | 11:56 AM
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I also just read though this online.

https://www.nerdwallet.com/blog/loan...to-lease-deal/

http://guides.wsj.com/personal-finan...o-lease-a-car/
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Old Jan 20, 2017 | 05:54 AM
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Also Edmunds forums to get current money factor and incentive information. LeaseHackr is a good tool too.

To put it extremely generally I think:
MSRP x 1% = monthly payment (incl taxes) - this is generally a pretty solid deal, assuming 12k/15k miles, and minimal (maybe 1st month payment + a few hundred in fees down)
for instance, $60,000 x 1% = $600, I'd personally aim to be at $600 or lower monthly payment with no more than say $1000 or $1100 due at signing (unless there is an option for multiple security deposits, in order to lower the money factor)

Obviously there are a lot of flaws to my way to "calculating" what a solid deal is -- like extremely varying tax rates/how leases are taxed among different states, if it's a brand new hot model that is moving without incentives, or vice versa.

Last edited by CTNYC; Jan 20, 2017 at 05:59 AM.
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