MJA1951

I have seen a number of people who said the "picked up" or "got" a new LS 500. I was wondering how many people bought then vs taking them on a lease.

I always buy my cars and with some positives but many negatives I can't see getting a 2018. I don't think they will make major changes for 2019 but hopefully enough minor that will make buying a better option. At a minimum nav changes, Apple car play, pass thru, changes in the seats to allow more head room, easier access to heated seats and steering wheel.

I have seen the car twice and taken it for about a 5 mile ride so I don't really have that much seat time, but I remember that while the car is nice, it didn't blow me away like my LS 430. At that time I was deciding between the ES and the LS and leaning towards the ES because of price. I decided to take one last ride in the LS and that cinched it for me.

Although I've only driven it once, it seems like making a lot of compromises with the new LS and at that price it's hard to justify

dsc07

I bought mine, or should I say am buying mine. I'm told that my car is due to arrive at the port today, and should be ready for pickup at the dealership in 5-10 days.

I always pay cash for cars. Never finance a depreciating asset.

LS500, Eminent White Pearl/Parchment w/Organic Wood Trim, AVS, Mark Levinson, Interior Upgrade, Safety System +A, HUD, LED headlamps, Panoramic View monitor.

Bob04

Never say never.

scubadvr1

I always buy. Keep the car for 5-6 years and you've got the best financial scenario. I always buy via internet. I contact every dealer within a 100-150 miles of me, tell them the exact car I want, and make them an offer online. I never go into the dealership until I have the exact price, in writing via the internet, in my hand. THEN I let them bid on my trade in, and decide whether to pay cash or finance the purchase. For the last four LS's I've bought I've found that Lexus Corporate throws in $5,000 during their "December to Remember" sale. For my 2013 LS460 I was able to buy it this way for 25% off sticker price including all fees, before sales tax and trade in.

If you're willing to keep the car for 5+ years and put 15,000 miles or more on it per year, I think this is a better financial scenario than leasing for 2-3 years.

SW17LS

How are the lease rates on the LS500? Anybody know?

bigblack06

iTrader: (20)

Not good right now, wait 2-3 months is what I was told for better rates. Right now with excellent credit looking at $1654 a month on a 3 year lease with $10K down.

riknchar

How is that even possible? That puts the total cost of ownership for 3 years at ~$70k. The residual must be ridiculously low and/or the money factor sky high to come up with that bad of a lease payment. Does Lexus expect the new LS500 to depreciate significantly more than the LS460 did? Crazy lease!

bigblack06

iTrader: (20)

From what I was told they don't have sure numbers as they don't know exactly how many will be sold. I'm just waiting the 2 months in the hopes the deals are out. I could wait tell December to remember for better deals if that's the case but would rather not.

dsc07

Attachment 475822
You're right. But it's not that hard to get the info yourself. I took me longer to upload it than it did for me to find it on Lexus.com

riknchar

That quote makes WAY more sense than the previous post saying the cost was $1,654 per month for 36 months with $10k down! It was that quote that I was questioning. I didn't realize Lexus had a site that allows you to get a Lease price online. Nice to know.

SW17LS

They don't really, they only display that banner when they have some sort of special.

Bear in mind those specials change every month, and its the 5th so both dsc and bigblack may be right. Also, the special lease quoted will be a totally base car. At $5,000 down, when you factor in taxes and tags are also out of pocket (depending on the state) thats another $5,000 or son on top of that for $10k out of pocket.

bigblack06

iTrader: (20)

Yea that banner is for a totally base model LS with just the bare bones. The one I looked at was an F-Sport but still they are very high right now, if it was $800's I would grab it right now. Also just to let you know this was not just one dealership for me it was two dealerships with a price tag of $88,965 and no discounts.

MJA1951

I agree about buying versus leasing. In my opinion leasing is why cars are so expensive. People can get into cars that they would never be able to afford if they had to have a down payment. And it's also easier for people to walk away from the car than if they bought rather than leased.

I see a lot of young people in their late 20's and early 30's driving $70,000 to $100,000 plus luxury cars and you know a lot of them don't have 2 cents to their name.

If you can write off a car lease it might make sense, but to me all leasing does is cause financially responsible people to pay more for their cars

SW17LS

Bob04

Yep. Not much different than the loose lending that fueled the housing market that ended up in a collapse.