So I have 4 lease payments left on my 18 GS350 fsport, looking at 16-18 GSF or lease LS500. I have one in PA 21 LS500 AWD, non luxury or fsport, msrp is 80k. My buyout on GS is 24k, dealer offered me 37k for GS, would roll the 11k equity into LS lease, question is, with 11k out of pocket, how is the payment still 950 per month, 36 month lease with 7,500 miles per year. Sounds like a horrible deal unless I'm missing something, let me know your thoughts. I didn't get that far to discuss MF.

 

Hard to say unless you can get the capital cost used in the lease calculation (perhaps that is over MSRP?), the residual value and money factor. Chances are it’s the selling price on the car that’s inflating the payment. The dealer may also be marking up the money factor. As an aside, putting money down on a lease isn’t always the best idea. You’re just buying down the payment, and you won’t get that money back if your car is totaled before lease end.

 

There is a lot of variables to figure out if it is a good deal. It would be good to know what the residual is, the MF and the selling price is the car (unless they are just selling at MSRP). Also, I’m NJ do you pay full taxes up front? In MD we pay full sales tax up front and they alone would eat into your $11k equity by about $5k.

 

In NJ, we only pay taxes on the lease amount, not the full car, they indicated selling price was 80k.

 

Did a quick search and it looks like MF is 0.00080 (about 1.9%) and residual for 10k miles a year is 55% which isn’t great but maybe 7500 miles per year would be 56%. Plugging that into a lease calculator based on what you said above and guessing on taxes and tags I’m seeing around $800 per month.

 

NEVER put any money down on a lease.

If it get stolen/totaled - you will NOT get any of it back especially the portion going to taxes.

 

I agree. Never put money down. And that looks like a terrible deal based on what I saw a year or so ago. Of course, the market has changed. But just from the eyeball test, giving them $11k down and paying $950 a month for only 7500 a year on a $80k MSRP LS500 seems like a terrible deal.

 

Doesn't sound like a good deal, but not terrible either in todays market, plus you're getting an awesome deal on your GS so that offsets whatever you'll be paying for the LS.

 

you need all the numbers for anyone to tell you, like residual and money factor, but sounds like this is not a very attractive deal. they give you money on the gs but maybe jack up the money factor on the LS

and like others said, never put any down on lease. cash it out

 

I didn't catch this before, but 37k-24k= 13k not 11k. I'd keep that GS for 24k and keep rolling for a while.

 

I can't imagine paying $50k to drive a base LS500 for 3 years and less than 22,500 miles. Yikes.

 

I would never pay sticker for the LS 500. I know pricing is crazy now, but the LS is not selling like gang busters. Keep your GS and wait.

 

This is more or less what flagship sedans like the S class and the 7 series command, and while the LS may not be as advanced, its way more unique and far better looking.

 

Agree with everyone here, I think this is terrible, I may finance a 2019 or 20 LS or wait for December to Remember.

 

To me, you are the target customer for the LS500. Somebody who wants a plus sized GS. That being said, I've driven both the LS500 and the GSF, and I would choose the GSF every time. Amazing car. And I think it will hold it's value much better than the LS too.