Anyone got a good lease on a GS 350 during March's "Command Performance Sales Event"?
06-04-14, 12:03 AM
#62
You should've gone with zero down. Everybody should've gone with zero down on a lease.
I don't see why would anyone want to spend money for down payment just to lower the monthly payment and risk losing it all if the car gets totaled, especially those that do one-pay leases.
I mean if u have that much money to pay all your lease payments at once, might as well just buy the car in cash. 
I don't see why would anyone want to spend money for down payment just to lower the monthly payment and risk losing it all if the car gets totaled, especially those that do one-pay leases.
I mean if u have that much money to pay all your lease payments at once, might as well just buy the car in cash. So people if you have extra money just put it in an online bank earning 0.8%. And have your monthly payment automatically deducted so you won't have to do anything. But take advantage of everything a lease has to offer.
06-04-14, 03:29 AM
#63
Lexus Test Driver
Yes sometimes it seems like no one gets this when they post about how much they are putting down. Worse yet some believe that you have to put money down just because the dealer says so. That maybe they won't qualify if they don't put money down like when you purchase a car.
So people if you have extra money just put it in an online bank earning 0.8%. And have your monthly payment automatically deducted so you won't have to do anything. But take advantage of everything a lease has to offer.
So people if you have extra money just put it in an online bank earning 0.8%. And have your monthly payment automatically deducted so you won't have to do anything. But take advantage of everything a lease has to offer.
$12 a year ??
06-04-14, 03:38 AM
#64
Lexus Test Driver
I bought a GS350 a few weeks ago , $58,000 MSRP, $1100 upside down on a trade, $1000 Down, Full tax rolled in to payment, $35,111 payoff, no Tax credit on a trade because it was a lease, $589x36,
A dealer called me last night telling me that they had a glitch in the system and I had to come back to sign a contract. At first i thought it was another scam, but they showed me a contract,
evrything is the same, but now i pay $510x36, same residual, same rent charges, because they had a glitch they have me a a Tax break instead of 6.25% only 1%
Dont ask me why, i am still shocked.
Last edited by FastTags; 06-04-14 at 03:56 AM.
06-04-14, 08:54 AM
#65
1. If your car is totaled next week, you just paid $2000 for your first month lease. If this happen next year, effectively you'll be paying $125 a month more than you should. So why risk.
2. If this is a business lease obviously better to keep payment higher since you can't deduct down money.
3. If you really wanted to put money down, it should go in as MSD (multiple security deposit). If your monthly is around $500 and you put $1500 MSD you'll reduce your MF by .07x3= 0.21% (this is better than the .8% online saving. The MSD is fully refundable in 2 years.
+ tax and Reg * Lic fees??
I bought a GS350 a few weeks ago , $58,000 MSRP, $1100 upside down on a trade, $1000 Down, Full tax rolled in to payment, $35,111 payoff, no Tax credit on a trade because it was a lease, $589x36,
A dealer called me last night telling me that they had a glitch in the system and I had to come back to sign a contract. At first i thought it was another scam, but they showed me a contract,
evrything is the same, but now i pay $510x36, same residual, same rent charges, because they had a glitch they have me a a Tax break instead of 6.25% only 1%
Dont ask me why, i am still shocked.
I bought a GS350 a few weeks ago , $58,000 MSRP, $1100 upside down on a trade, $1000 Down, Full tax rolled in to payment, $35,111 payoff, no Tax credit on a trade because it was a lease, $589x36,
A dealer called me last night telling me that they had a glitch in the system and I had to come back to sign a contract. At first i thought it was another scam, but they showed me a contract,
evrything is the same, but now i pay $510x36, same residual, same rent charges, because they had a glitch they have me a a Tax break instead of 6.25% only 1%
Dont ask me why, i am still shocked.
06-04-14, 09:17 AM
#66
Lexus Test Driver
Now think about this:
1. If your car is totaled next week, you just paid $2000 for your first month lease. If this happen next year, effectively you'll be paying $125 a month more than you should. So why risk. No news to me, many people aware and dont care
2. If this is a business lease obviously better to keep payment higher since you can't deduct down money. If it was a business lease, who care about the price, payments or anything for that matter
3. If you really wanted to put money down, it should go in as MSD (multiple security deposit). If your monthly is around $500 and you put $1500 MSD you'll reduce your MF by .07x3= 0.21% (this is better than the .8% online saving. The MSD is fully refundable in 2 years.
Now this is new to me, I saw some one posting this on another thread, and defiantly worth it.
This is much much better than the previous numbers. Congrats!
1. If your car is totaled next week, you just paid $2000 for your first month lease. If this happen next year, effectively you'll be paying $125 a month more than you should. So why risk. No news to me, many people aware and dont care
2. If this is a business lease obviously better to keep payment higher since you can't deduct down money. If it was a business lease, who care about the price, payments or anything for that matter
3. If you really wanted to put money down, it should go in as MSD (multiple security deposit). If your monthly is around $500 and you put $1500 MSD you'll reduce your MF by .07x3= 0.21% (this is better than the .8% online saving. The MSD is fully refundable in 2 years.
Now this is new to me, I saw some one posting this on another thread, and defiantly worth it.
This is much much better than the previous numbers. Congrats!
06-04-14, 11:13 AM
#67
When I did this two years ago, each MSD (equals your monthly payment rounded to the next $25) reduces the MF by .00008 (that's four zeroes). That would be the equivalent of 0.192% in interest rate.
So 3 MSD would reduce your rate by 0.576%. I did 9 MSD (max you can do) and reduced my rate by 1.728%.
06-04-14, 11:20 AM
#68
To figure the return, calculate monthly payments both with and without MSDs. Then multiply the number of payments by the difference. That's the amount your total MSD "investment" is saving you over the term of the lease. Compare it with the amount of interest the MSD total would earn at market rates (!) over the same period. Pretty impressive program when looked at this way. The only wrinkle I've come across is that BMW can go into your MSD dollars to recoup lease turn-in expenses for damage. Can and does LFS do the same thing?
06-04-14, 11:29 AM
#69
To figure the return, calculate monthly payments both with and without MSDs. Then multiply the number of payments by the difference. That's the amount your total MSD "investment" is saving you over the term of the lease. Compare it with the amount of interest the MSD total would earn at market rates (!) over the same period. Pretty impressive program when looked at this way. The only wrinkle I've come across is that BMW can go into your MSD dollars to recoup lease turn-in expenses for damage. Can and does LFS do the same thing?
06-04-14, 12:46 PM
#70
Lexus Test Driver
I saved about $2800 in rent charge by putting down almost $8000 so about 35% over three years. Hence it was a no brainer given that the savings interest rate was almost zero. From what I read in the contract I don't think Lexus can do what BMW does with your MSD unless they recently changed their terms.
06-05-14, 12:32 AM
#72
+ tax and Reg * Lic fees??
I bought a GS350 a few weeks ago , $58,000 MSRP, $1100 upside down on a trade, $1000 Down, Full tax rolled in to payment, $35,111 payoff, no Tax credit on a trade because it was a lease, $589x36,
A dealer called me last night telling me that they had a glitch in the system and I had to come back to sign a contract. At first i thought it was another scam, but they showed me a contract,
evrything is the same, but now i pay $510x36, same residual, same rent charges, because they had a glitch they have me a a Tax break instead of 6.25% only 1%
Dont ask me why, i am still shocked.
I bought a GS350 a few weeks ago , $58,000 MSRP, $1100 upside down on a trade, $1000 Down, Full tax rolled in to payment, $35,111 payoff, no Tax credit on a trade because it was a lease, $589x36,
A dealer called me last night telling me that they had a glitch in the system and I had to come back to sign a contract. At first i thought it was another scam, but they showed me a contract,
evrything is the same, but now i pay $510x36, same residual, same rent charges, because they had a glitch they have me a a Tax break instead of 6.25% only 1%
Dont ask me why, i am still shocked.
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GS - 4th Gen (2013-2020)
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