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Lease Info - 2018 GS F Sport
Need some advice on a lease proposal:
I'm somewhat 'new' to the game, so please be patient. I've read a TON or articles on here, still a little unclear on a couple nuances. Here is the offer I have so far: 2018 Lexus GS 350 F Sport MSRP: 55,665 I have an older GS to trade.....getting 3K for it (not great...but I have 165K miles on it) Getting 1500 cap cost reduction + 2500 Lease cash Total Cap Cost = 51,300 12K miles/year 48 months @ $541 Residual = 24,870.00 I'm considering putting some more cash down, but what do you all think of the deal so far? Could use some advice and perspective from more knowledgeable source. Thanks a million! |
When I was looking into leasing a car, I went here (and its forum): https://leasehackr.com/
There is a lot of info there... I will say, for me, it made more sense to buy my 2018 GS350 F-Sport than to lease it (I drive crazy miles). Good luck! |
That is a terrible deal. Also why do 48 months vs 36? 36months is probably more of a sweet spot for the residual value.
MSRP: 55,665 I have an older GS to trade.....getting 3K for it (not great...but I have 165K miles on it) Getting 1500 cap cost reduction + 2500 Lease cash Total Cap Cost = 51,300 If you add 3,000+1,500+2,500= $7,000 so your Total cap cost should be somewhere near $48,xxx. |
I got a lease deal from my local lexus for a 2018 GS F Sport with almost 5k miles on it for:
36 months / 12k miles a year MSRP 57,160 BUYOUT / END OF LEASE 30,294 $2600 Down $579/Month After I told him that's too much money for a used car, he dropped to $545 / month. I still think he can go much lower. I told him I'll go buy an Infinity q50 Sport, no money down, $450 / month, I asked him to match it. He said he'll let me know but is not promising anything Let me know what everyone thinks on this deal. Any feedback is much appreciated. |
Originally Posted by art2010
(Post 10065667)
I got a lease deal from my local lexus for a 2018 GS F Sport with almost 5k miles on it for:
36 months / 12k miles a year MSRP 57,160 BUYOUT / END OF LEASE 30,294 $2600 Down $579/Month After I told him that's too much money for a used car, he dropped to $545 / month. I still think he can go much lower. I told him I'll go buy an Infinity q50 Sport, no money down, $450 / month, I asked him to match it. He said he'll let me know but is not promising anything Let me know what everyone thinks on this deal. Any feedback is much appreciated. |
Originally Posted by art2010
(Post 10065667)
I got a lease deal from my local lexus for a 2018 GS F Sport with almost 5k miles on it for:
36 months / 12k miles a year MSRP 57,160 BUYOUT / END OF LEASE 30,294 $2600 Down $579/Month After I told him that's too much money for a used car, he dropped to $545 / month. I still think he can go much lower. I told him I'll go buy an Infinity q50 Sport, no money down, $450 / month, I asked him to match it. He said he'll let me know but is not promising anything Let me know what everyone thinks on this deal. Any feedback is much appreciated. Make sure to put in some MSD's to lower your money factor. |
Originally Posted by joedaddy1
(Post 10065866)
lease on that loaner better be ZERO down and under $500 a month.. more like $450 or less.
Make sure to put in some MSD's to lower your money factor. |
Originally Posted by tobytkd
(Post 10064799)
Need some advice on a lease proposal:
I'm somewhat 'new' to the game, so please be patient. I've read a TON or articles on here, still a little unclear on a couple nuances. Here is the offer I have so far: 2018 Lexus GS 350 F Sport MSRP: 55,665 I have an older GS to trade.....getting 3K for it (not great...but I have 165K miles on it) Getting 1500 cap cost reduction + 2500 Lease cash Total Cap Cost = 51,300 12K miles/year 48 months @ $541 Residual = 24,870.00 I'm considering putting some more cash down, but what do you all think of the deal so far? Could use some advice and perspective from more knowledgeable source. Thanks a million! Your lease is pretty horrible. It’s for 48 month and most leases are 36. Might as well buy the car. Rule of thumb on any good lease is 0 down and price with everything included monthly should be less than 1% of msrp. |
Originally Posted by ssmoked
(Post 10067937)
Your lease is pretty horrible. It’s for 48 month and most leases are 36. Might as well buy the car. Rule of thumb on any good lease is 0 down and price with everything included monthly should be less than 1% of msrp. |
After several days of not answering the dealer's phone calls, they agreed to brand new car (not loaner) and any color I want and the following numbers:
$499/month $2600 down 12k/year MSRP $57K I don't know what the buyout is yet, but it looks like this is a good deal. Any thoughts? |
Originally Posted by art2010
(Post 10078240)
After several days of not answering the dealer's phone calls, they agreed to brand new car (not loaner) and any color I want and the following numbers:
$499/month $2600 down 12k/year MSRP $57K I don't know what the buyout is yet, but it looks like this is a good deal. Any thoughts? email the salesman back and get the money factor.. |
Originally Posted by art2010
(Post 10078240)
After several days of not answering the dealer's phone calls, they agreed to brand new car (not loaner) and any color I want and the following numbers:
$499/month $2600 down 12k/year MSRP $57K I don't know what the buyout is yet, but it looks like this is a good deal. Any thoughts? |
I got a final deal for a 2018 GS F-Sport:
$2600 down including first month's payment $2000 MSD MF .00008 RESIDUAL 54% BUYOUT $30,866 $476/MONTH 36 MONTHS 12K/YEAR MSRP $57,160 I got other quotes from two different dealers in CT and they were all $2600 down and $575-613/month. I think the above is a good deal. I have to make a decision by Monday, but I think I will take it. |
What color combo and options did ya get? RWD or AWD?
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White with red interior, AWD, and Mark Levinson.
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