vietpr1nce

iTrader: (2)

Just was wondering whats the typical lease program/payment that everyone got on a '06 gs300 w/ navi, ML, parking sensor/camera?

Down: $3000
Monthly: 595 (includes excessive wear insurance. & taxes)
Term: 36 month
Miles: 15k/year

How did I make out ?

mekrew

lease is a trap

just buy the damn car

i got my 07 350 7k down 740/month

might be more than your payment a month , but i can do w/e the **** i want and not worry about milage and having to give it back etc

**** a lease ! its a trap ! read up on it ..

RandalR

Sure...the finance people wouldn't push leases so hard if they were in the buyer's best interest.

dseag2

You may think leases are a trap, but it makes no sense to purchase a depreciating asset like an automobile unless you are going to hang onto it for many years. If you are, you made the right decision.

I purchased (not leased) my M45 in 4/05 and traded it in yesterday. I thought I would be holding onto the M45 for a long time, but I moved and my circumstances changed (won't go into the lengthy details). The depreciation in 15 months was unbelievable.

My M35 lease is for 2 years, at which time I am sure I will want a new car and will walk away from it. Works for me, and I will probably never buy again because I trade often. Yes, the dealerships make money off leases, but they wouldn't be so popular if they didn't enable consumers to drive more expensive cars than they can actually afford to buy. Everyone's circumstances are different.

chachirims

iTrader: (1)

I leased a 2006 GS300 with moonroof, rear soiler, and little extras for $589 a month (w taxes) for 48 months and $2,600 down ($1300 cap reduction, first month paymt, sec deposit) and 1K iles per month. Its a closed end lease meaning you can get out at any time. I took a hit when trading in my 2005 G35 coupe so thats why it makes sense to lease vs. buying when changing cars often.

I know I got little miles allowance but I plan on getting out of this lease in one year ang buying a GS430 or something else anyaways

Best time to go is in end of August (Golden opportunty event) or in December (December to Rememver) to get a great right when they are receiving next year's models.

chachirims

iTrader: (1)

What dealership did you go to? I went to Lexus of West Kendall, should have gone to JM Lexus though.

baddis es

iTrader: (3)

leases arent bad...they are very good for those like dseag2, while i was at JM, i spoke with the finance manager and was just talking and so forth and they say over 85% of cars are leased every month.

Its true leasing is great with cars in this class since the turnover on new cars is 4-5yrs, but there are those that will bash leases because of not owning the actual car and restrictions. ***owning a car has its restricitons as well.

I crunched a few numbers the other day and by far you end up paying less if you even bought the car at the end of term than you did if u would have financed it. with LFS' rate on a $50,000 vehicle, u end up paying close to $65,000 once your done with payments and its yours....whereas if you you leased for 4 yrs you would pay around $700-$800 per month $36,000, and still only have to pay about $20,000 buyout at the end.

so $65,000 or $60,000 (we'll add in some interest)

i always thought buying was better until you can actually run through all the figures capable.

If i coudl do it over I would have leased, but whats done is done...i do plan on keeping the vehicle for a lengthy time as i did my ES, but its always nice to be in a newer car.

hsk73

$522+tax... Everything but NAVI...
No money down
Normal 12K miles
I'll probably get a new car but Buyout at the end was only... $18,900
Not a bad price... something to think about when the time comes...

vietpr1nce

iTrader: (2)

JM it was.... Over the 3 year lease period I pay approximately $24,500 including the initial deposit and all taxes. At the end of the lease to buy it out they gave me a price of approx. $26,000. Sticker for the car was at $50k. To me its almost like make a purchase with with $3k down and paying barely any interest over 3 years. If its worth less than $26k at the end then I return it and walk away, if its more than $26k then I'll buy it out. I dont see any downside to my lease.