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Hi guys,

I'm new to the forum and have found it very valuable learning about the GS 350 F Sport.

I'm very seriously considering leasing one of these and have preliminary information from a dealer. I've never leased a car and this is new territory for me...but I'm interested in trying it out! I'd like some advice on if this is actually a good deal.

The MSRP is 60363 and the selling price is 57800. The Lease rate is .0006 and the residuals are .63 (3yr/ 10k year), .71 (27 month/ 10k/year), and .73 (2 year/ 10k year). The sales person said that the residuals are set by Lexus (i.e., she had no way to change them).

Does all of this seem good?

Best wishes and thanks for any thoughts/comments.
Ken

Infra

iTrader: (1)

I'd suggest taking this question to the GS forum rather than car chat. They'd have much more insight.

That said, I can provide some general opinions on leases.

The lease rate (money factor) is equivalent to APR / 2400... so in your case, the equivalent APR would be 1.44%, which is pretty good.

The residual values offered seem OK to me. It's not true that they can't change them, only true that Lexus Financial, the bank that offers you the lease, MAY CHOOSE to not change them. Another bank may use different residuals, and the finance people cannot force you to use Lexus Financial - but using another bank may change your money factor as well.

If the residuals are set, then negotiate on the price. A change in magnitude of the residual value is the same as a change in magnitude on the purchase price. You could also negotiate on a service package, accessories, or other things to increase the value of the deal.

My opinion is that it's good deal, but the December is the month of superb deals in order to boost annual sales numbers, and that certainly is not a superb deal. I would think there's some more room to negotiate.

dc893

Check the insurance rates through your company for a lease as they can be higher sometimes.

bitkahuna

iTrader: (20)

welcome. moving to gs forum...

Dustin2011

The discount from MSRP doesn't seem all that great to me. I just leased a 2014 GS350 F-Sport a few weeks ago. Below are my details. I am in California.

Details:

• 2014 GS350 F-Sport
• Ultra White with Flaxin Interior
• Nav and ML
• Blind Spot, Park Assist, Power Folding Mirrors, Illuminated Door Sills
• Accessory Pkg - trunk mat, cargo net, wheel locks
• MSRP $59,292
• Sales Price: $54,000 (before lease cash)
• Lease: 27 months, 10k miles per year, $569/month (includes 7.5% sales tax), $0 down, $0 at delivery
• 71% residual, 0.0006 money factor

surga7

Which dealership if you don't mind me asking, thanks.

Dustin2011

Lexus of Thousand Oaks (California). Keyes Lexus also gave me this same offer.

However, a few folks posted here that got an even better deal (by about a $1,000) from Longo Lexus.

I went through the internet sales folks to get these deals.

SW17LS

Bear in mind it is also hard to replicate a deal from CA elsewhere in the country, although I agree you should be able to do better on the purchase price.

sbaldwin77

Just like other people have said before me, the sales price can be a lot better by about 2K more off. What will the drives off numbers look like?

Afrosheen

Super true. California gets dirt cheap leases for Lexus and lots of other brands. The dealerships out there are deadly competitive and highly incentivized.

Add a few grand to Cali deals to see reality for the rest of the country.

blklexo818

iTrader: (1)

my cousin just leased one..1k down 480 a month..san diego lexus