Price thread - what kind of deal did you get?
07-26-12, 10:16 PM
#466
Instructor
I'm planning to buy:
GS 350 F Sport
silver with flaxen
MS
Park assist
BSM
The lowest quote I have is "1,500 below invoice" over the phone. Sounds to good to be true, or is it?
Anyways, I was wondering if someone can tell me how to determine the invoice price for this car.
I checked Edmunds: $53,521. Does that sound about right?
Thanks!
GS 350 F Sport
silver with flaxen
MS
Park assist
BSM
The lowest quote I have is "1,500 below invoice" over the phone. Sounds to good to be true, or is it?
Anyways, I was wondering if someone can tell me how to determine the invoice price for this car.
I checked Edmunds: $53,521. Does that sound about right?
Thanks!
07-27-12, 10:21 PM
#467
Driver School Candidate
Join Date: Jul 2012
Location: Ca
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Got my GS!
Parked a GS F Sport in my garage this evening 
Bought it at Colliseum. The sales guys were nice: super efficient, frank, relaxed.
I think I got a good deal for this area. Next higher quote I got was $4k more!
Here are the details and a few pics.
2013 GS 350 F Sport
Liquid Platinum with Flaxen interior
Mark Levinson stereo
Navigation
BSM, PA
MSRP: $57,822
Invoice: $54,371
Deal: $1,500 off invoice
Price after discount: $52,871
$5,000 down
Rate: 2.25
36 months, 12k miles
$5,000 down
Residual: 60% (seemed low but I thought the rate was good so didn't push)
Monthly payment including tax: $665
Bought it at Colliseum. The sales guys were nice: super efficient, frank, relaxed.
I think I got a good deal for this area. Next higher quote I got was $4k more!
Here are the details and a few pics.
2013 GS 350 F Sport
Liquid Platinum with Flaxen interior
Mark Levinson stereo
Navigation
BSM, PA
MSRP: $57,822
Invoice: $54,371
Deal: $1,500 off invoice
Price after discount: $52,871
$5,000 down
Rate: 2.25
36 months, 12k miles
$5,000 down
Residual: 60% (seemed low but I thought the rate was good so didn't push)
Monthly payment including tax: $665
07-27-12, 11:21 PM
#468
Instructor
Holdback is ~3%...so seems like they made $200 on the cash price! 
...out of curiosity, why did you put a down payment on a lease?
...or in other terms, would you put $5000 down payment on the rent for your apartment to lower your monthly payments?
...out of curiosity, why did you put a down payment on a lease?
...or in other terms, would you put $5000 down payment on the rent for your apartment to lower your monthly payments?
07-30-12, 07:17 AM
#473
Driver School Candidate
Join Date: Jul 2012
Location: Ca
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No, that's not a refundable deposit to lower MF. I was surprised at how low it was too!
07-30-12, 08:55 AM
#474
Nice car IN and OUT.
Factor your $5000 down payment, you paid about $800+ monthly for the lease. Is that a good lease for this class?
Assuming you can get 2.25% for finance and 8% sales tax, you would pay about $110 more per month (for 5 years) to finance this car. The good thing here is you can get a NEW car 35 months from now. Congrats.
Factor your $5000 down payment, you paid about $800+ monthly for the lease. Is that a good lease for this class?
Assuming you can get 2.25% for finance and 8% sales tax, you would pay about $110 more per month (for 5 years) to finance this car. The good thing here is you can get a NEW car 35 months from now. Congrats.
07-30-12, 11:51 AM
#475
If the MF is better than the finance APR. It might definitely be an option for you. Keep in mind you do have a mileage limit. Many people with businesses can deduct their lease as an expense. So on this lease you'll pay about 4-5k in interest but you save up to 8k in taxes. Makes a whole lot of sense.
07-30-12, 12:46 PM
#476
60% residual after 3 yrs? That seems about 8% too high.
As for leasing, never a good idea to put ANY money down. Put down as little as possible. I know of three people who put down substantial dollars on 3 & 4 year leases only to have their car's totaled within the first couple years. They kissed that money good-bye.
As for leasing, never a good idea to put ANY money down. Put down as little as possible. I know of three people who put down substantial dollars on 3 & 4 year leases only to have their car's totaled within the first couple years. They kissed that money good-bye.
07-31-12, 07:16 AM
#477
Agree about not putting money down on a lease.
A better use of money down is to apply it as a REFUNDABLE multiple security deposit (MSD) to lower you lease interest rate. It varies but right now for every MSD put down, your interest rate is reduced by 0.192%.
MSD is calculated by rounding your monthly lease payment to the nearest higher $25. So if your payment is $783, each MSD is $800. You can put in a max of 9 MSD and lower your rate by 1.728%. The $7200 will be returned to you a couple weeks after your lease terminates.
A better use of money down is to apply it as a REFUNDABLE multiple security deposit (MSD) to lower you lease interest rate. It varies but right now for every MSD put down, your interest rate is reduced by 0.192%.
MSD is calculated by rounding your monthly lease payment to the nearest higher $25. So if your payment is $783, each MSD is $800. You can put in a max of 9 MSD and lower your rate by 1.728%. The $7200 will be returned to you a couple weeks after your lease terminates.
08-27-12, 02:54 PM
#479
Instructor
Did you finance or lease?
If so, what was the APR/money factor?Did you have a trade-in? If so, how was the trade in relative to the true market value?Did you buy add-ons? If so, which ones? (extended warranty, extended maintenance, paint protection, leather protection etc)
08-27-12, 03:10 PM
#480
Driver School Candidate
Join Date: Aug 2012
Location: CA
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cash price is good.
Did you finance or lease?
If so, what was the APR/money factor?Did you have a trade-in? If so, how was the trade in relative to the true market value?Did you buy add-ons? If so, which ones? (extended warranty, extended maintenance, paint protection, leather protection etc)
Did you finance or lease?
If so, what was the APR/money factor?Did you have a trade-in? If so, how was the trade in relative to the true market value?Did you buy add-ons? If so, which ones? (extended warranty, extended maintenance, paint protection, leather protection etc)
Money factor 0.00175
61% Residual
no trade in
MSRP was $578xx, sales price was $52,8xx. (incl. Mark Levinson, blind spot assist)
No add ons.
Drive off ~$18xx.xx
Payment $701/month
36-months, 10k miles per year.
How is that? Should I purchase instead?