faifai83

Did you get DRS and HUD?

faifai83

...this is really counter-intuitive then...

...so if you get certain options, you are pretty much losing out on both ends of the stick...

1) You paid for for this option, F- Sport or Lux Package
2) You get hit with a lower residual, which equates to a larger monthly payment...

SW17LS

Yep. You have to see their point of view, you have a WIDE option spread on these cars nowadays, much more than there used to be. Bear in mind the GS has probably a $15,000+ spread in options. All you have to do is look at used car values to know that higher ticket options depreciate more than the base bulk of the car. Its not really reasonable to expect that they would take on the risk and cost of valuing high dollar options that are going to depreciate more quickly the same as a more typically optioned car thats going to hold its value better overall.

Its the same way if you buy. If you get a rare F Sport or Luxury model GS, people aren't going to spend 10% more for that car than a typical mid-optioned example when the car is 3+ years old. So...that costs you more in addition to the purchase price of the option in the overall ownership cost of the car.

This is why, for a lease, the $55k navigation premium car is the value choice. If you want the F Sport or you want the luxury...you may be better off to buy.

Its no different than there being a residual difference between a GS350 and a GS460...theres no model name difference, but the price spread difference is probably about the same.

unison21

how is this deal from another dealership?

$2000 below invoice on an F Sport w/ ML audio, heads up display.
61% residual (36 month lease, 10k miles per year)
0.00145 MF
~$2000 due at lease signing
$667/monthly payment

faifai83

- How much Down Payment?
- How much Security Deposit?
- How much is Lease Acquisition Fee?
- What is the MSRP?
- What is the invoice price?

unison21

I don't have the exact numbers in front of me.

Down payment is $2000 which includes the first months payment if i'm not mistaken. This is the total drive off which I dont think includes a security deposit. Is there always one?
Lease acquistion fee is $700
MSRP = $58,xxx
Invoice = $55,312
Sales price = $53,312.
Tax rate in Los Angeles is 8.75%.

$613.48 base payment
$53.68 tax
Total $667.16/month

Tell me if those numbers make sense.
Thanks.

faifai83

Cash price - Excellent!
Money Factor - Excellent!
Residual - Seems like fixed by LFS... I would go for Premium non F sport for a higher residual and lower payment.

Good deal.
For further consideration:
- Do $0 down payment
- Use Multiple Security Deposits to further reduce money factor...remember July jnflation was 1.4%

frost156

HUD and DRS isn't available in my area as far as I know.

faifai83

Here's one right here, also in So Cal:

http://www.autotrader.com/cars-for-s...24013714&Log=0

...so your car isn't "fully loaded" after all!

NewSpace

Why is everyone leasing? Is no one straight up buying their GS? Am I missing something?

GrdnRxR

$500 over invoice and good $$$ for my trade

faifai83

I purchased...it was both cheaper & easier!

mso4

iTrader: (1)

People with businesses can deduct their lease payments as business expenses. So at $700 a month for 36 months, one might save about $8,000 in tax savings over 3 years. At the end of the lease pay the buyout and own the car.

Although I'm not sure how many people here actually owns a business. Also leasing makes sense if you like trading for a new car every 3 years. It costs about the same as buying and selling at the end of three years.

frost156

So did I. I didn't want a large monthly payment so I put >$30k as a down payment.

ECL

You can depreciate the car and deduct interest and other expenses and accomplish the same thing. Leasing just makes the bookkeeping a little easier.