jmcphillip

Due to the high profit margins on lexus cars do you think I can negotiate a 3 year lease with 2000 dollars total down 15k per year on a GS 430 with Nav/Lev package along with standard add ons bringing the total to 58,390 for around 699 per month. I am thinking they should discount the car to about 52,500. They would still be making 2000 dollars over invoice

Niloy63

I say buy it... don't lease it. For an another 15 grand, the car would be yours!

jmcphillip

I wish I could do that but I am the type of person who has to have a new car every three years. I get bored after that long. There is always something better out that I want so leasing works good for me.

2ndGenIS

I am big on leasing too, so I understand! I have a car broker working for me who has been able to turn amazing deals for some co-workers of mine. I got a number of $2500 down, $750/month with 15K miles from him. I called one of my local Lexus dealers and spoke to the fleet guy (he is a friend of a friend) and was told that the broker number was something he could not touch. This was for a loaded 430 w/ an MSRP of about $58K.

scottmyers

Plug in the numbers with a lease calculator.

http://www.edmunds.com/apps/calc/Cal...ion=lease_calc)

If you run the numbers with the correct sales tax for your state, I think you are a liitle optimistic on the $699 price. I assume you mean tax included. The key is the money factor rate and residual. Get them as low as possible. With Florida tax I come up some where in the $800 range with the calculator.

my06GS300

Scottmeirs,
I think that you made a mistake: The money factor should be low and the residual should be high. Not both low.

lexuslover

i just ran your numbers, and with using a resid of 54% and .00207 money factor (4.97% int rate), the payment is $758+tax. tax where i live brings it to $818/mo. if you can get a better money factor or higher residual, that helps a lot:

each 1% increase in residual results in about ~$15 less per month
each .0001 reduction in money factor results in about ~$10 less per month

scottmyers

Correct, my mistake.

Thanks

Mrbig

You might be able to get that deal, but only if they have special rates out for the car which they might have right now !!!

1984911Tar

Where are you getting the lexus lease rates?

Thanks

lexuslover

oh, i just used the #'s from my lease as an example. this was back in march 05, so they are likely different now.

i leased thru US Bank instead of LFS b/c LFS rates were not competitive when the GS was launched.

JAXGS

How do you shop for lease rates? I have always gotten the financing from the dealer. I'm getting $821with tax for non navi GS300 39 month, 15k, and $821 out the door. 1063 same deal for an SC430. Is this good?

Mrbig

Those numbers are way too high, at least i think so. You should be able to take home a GS430 lease for about $800.00 a month with around 2k down..........2006 loaded !!!

4thone

Thats way to high.I have a non nav 300awd and my #s are $655 with 2000 down 47months.I only say that if your 300 is a not an AWD.

619brick

I've currently been offered the following deal last week on a loaded GS430 from one of the largest volume dealers in the US.

Here's the deal.... 12,000 miles a year, 730 FICO score, 36 months, $ 2500.00 drive off with a payment of $ 765.00 a month, which includes taxes and lic.

I think it's great deal. I know this deal will only be available during the December to Remember promo which ends on Dec. 31 st.

Any thoughts guys?