Hello, question about lease on GS 350 F-Sport

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05-26-13, 01:02 AM

#61

Decadearly

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Quote:

Originally Posted by faifai83

If the dealership asked for MSRP or $5k markup would you do it?

Leasing 101 Suggestions:

- Know your MSRP.
- Know the invoice price - This should be your goal.
- Any rebates etc should be in a separate "bucket" with the goal to go below the invoice price.
- $0 down payment (You wouldn't pre-pay your rent on an apartment)
- Multiple Security Deposits to buy down your Money Factor is okay.

Thanks for the quick response, faifai. I see your point w/ the money down. My dealer said that the couldn't go lower than $500 above invoice (which is here they were at).

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05-26-13, 06:24 AM

#62

Joeb427

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Quote:

Originally Posted by Decadearly

Thanks for the quick response, faifai. I see your point w/ the money down. My dealer said that the couldn't go lower than $500 above invoice (which is here they were at).

You should be under invoice at this time.At least at invoice.

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05-26-13, 09:13 AM

#63

faifai83

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Quote:

Originally Posted by Decadearly

Thanks for the quick response, faifai. I see your point w/ the money down. My dealer said that the couldn't go lower than $500 above invoice (which is here they were at).

I was able to do $1k below invoice in March 2012.

Can you try another dealership?

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05-26-13, 09:21 AM

#64

Joeb427

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Quote:

Originally Posted by faifai83

I was able to do $1k below invoice in March 2012.

Can you try another dealership?

Low cost is easy in our area's many Lexus dealers.
I have around 8 in a 40 mile radius.
Different story with discounting in areas where Lexus dealers have no competition.
According to the Lexus site,MN has only two Lexus dealers.

http://www.lexus.com/lexus/LexusSearchSubmitWithMap.do

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05-26-13, 12:38 PM

#65

Decadearly

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Quote:

Originally Posted by Joeb427

Exactly. The funny thing is that they are both owned by the same party. I called the other one and tried to negotiate, only to have the dealership I started with call me back to discuss. I'll stand my ground and see if maybe I can negotiate my trade in price. I appreciate the help, all.

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