2013 GS350 F Sport lease. Good deal?
06-22-13, 10:19 AM
#32
Driver School Candidate
That will take another year and I want this new GS now. Plus, that $13K still shouldn't be doubling the lease payment. It actually shouldn't effect it at all considering I'm not financing this car, anyway. Shouldn't a 36 month lease theoretically cost about half what a 5 year finance would cost each month? I'm just trying to make sense of it all.
06-22-13, 12:57 PM
#33
Why can't you pay the $13K off now? It would make your lease much easier.
06-22-13, 01:06 PM
#34
$58K for a F150 was your first mistake and you're about to make another.
Seems at $58K you had a ton of negative equity with that deal.
Now you're going to lose another $13K after paying your truck down $10K in 10 months.
That's $23K loss in 10 months to drive a GS.
Seems very foolish but it's your money.
Seems at $58K you had a ton of negative equity with that deal.
Now you're going to lose another $13K after paying your truck down $10K in 10 months.
That's $23K loss in 10 months to drive a GS.
Seems very foolish but it's your money.
Last edited by Joeb427; 06-22-13 at 01:10 PM.
06-22-13, 01:42 PM
#36
Driver School Candidate
Buying any new car these days is foolish. They are extremely overpriced. I regret buying the truck in every way and I know now what I really want. I don't have the money for another $60K vehicle. That's why I looked toward leasing as an option and possibly my only choice. But, at the price I'm looking at it really doesn't matter. All I know is, I want this new GS350 F and I don't want the truck...so what can I do? It comes back to my original question; how does leasing for 36 months cost more than financing $60K? And how can it help my total debt and make a $1,300 a month payment get any better? Because if it can't I'm just wasting time money and mileage on a vehicle I won't even keep.
06-22-13, 02:56 PM
#38
Buying any new car these days is foolish. They are extremely overpriced. I regret buying the truck in every way and I know now what I really want. I don't have the money for another $60K vehicle. That's why I looked toward leasing as an option and possibly my only choice. But, at the price I'm looking at it really doesn't matter. All I know is, I want this new GS350 F and I don't want the truck...so what can I do? It comes back to my original question; how does leasing for 36 months cost more than financing $60K? And how can it help my total debt and make a $1,300 a month payment get any better? Because if it can't I'm just wasting time money and mileage on a vehicle I won't even keep.
On your question...it doesn't.
That's $1300 has to be a buy number..
Last edited by Joeb427; 06-22-13 at 03:00 PM.
06-24-13, 03:56 AM
#41
Driver School Candidate
Back to my initial concern and a question hopefully someone can help me with; I haven't seen all the exact numbers yet but, I am about to lease a 2013 GS350 F Sport for 36 months with a total price of just under $59K. The Lexus dealer quoted my lease payments as above $1,300 a month. How do you guys find payments for less than $600 all the time? I still haven't seen all the numbers. I'm scheduled to go in to sign the paperwork this Friday then I'll know all that stuff. I have a 2012 F150 FX4 I'm trading in and am $13K upside down on. The Lexus dealer said they would pay it off add the $13K to the GS350 (actually bringing the total price to $71K as if I were to finance it) and I guess that's why the price is so high. But, for a 36 month lease and reading about everyone else paying half that or even a third of that most of the time, I'm about to back out of this lease completely. Is it possible that this quote is for the total financing and that the dealership is not talking about a lease payment at all? I don't know how leasing works but, I thought it was based on the amount of the car you would pay for over a certain time (36 months or whatever) and not the total price of the car. Can someone explain the whole thing to me before I jump into a lease agreement I might regret and be stuck with? For $1,300 a month I might as well just finance the thing for a total price of $71K (including my upside down trade in). More and more I'm thinking that quote was based on me financing the new GS with my trucks upside down payoff. But, can someone tell me how the lease is supposed to work with a trade in like this? How does it affect the cost of the lease if it's only for 36 months compared to five year financing? I'm trying to make sense of all this and I'm really confused by it. How does leasing for 36 months cost more than financing $60K?
06-24-13, 04:03 AM
#42
I think the upside down part is not added to the entire lease, so they set it up where you are paying that off in the 36 months lease timeframe, call it a SWAG on my part. I have equity in my trade in, so theat will be taken off the top of the car price, should I choose to lease, that is. I am leanign that way bu tthis will be my first lease.
06-24-13, 04:10 AM
#43
Driver School Candidate
This is my first lease, too. I'm trying to learn how it works as I go but, right now this deal Lexus is giving me sounds odd and not like a lease at all. I still can't make sense of it all.
06-24-13, 04:37 AM
#44
Your initial thougths about how a lease works is correct, the % of total price and residual amount. Your upside down amount is what is throwing yours off.
Here's my "[I]assumptions'[/I, hopefully a more schooled member can correct me if I am wrong:]
Here's my "[I]assumptions'[/I, hopefully a more schooled member can correct me if I am wrong:]
Since you are wanting to lease, the upside cost must be paid off in that 36 months so that Lexus is paid back that amount. Amoratize the roughly $13K over 36 months lease term, that cost will be added to your monthly lease payment.
06-24-13, 04:43 AM
#45
Driver School Candidate
That makes a lot more sense. But, it still gives me an intial lease price of around $1,000 a month while everyone else seems to be paying half that. So, that part still bothers me.