Is this a good deal?
12-05-12, 08:52 PM
#31
Lexus Fanatic
There's no such thing as a "going lease". It all depends on what you can negotiate off the price and off the money factor.
I would say with zero down, and everything wrapped in $795 a month on a $60k sticker GS is not great. Mine was $60k, and I was at $700 with nothing down.
Never negotiate a lease based on the payment. Get the price as low as you can, the money factor as low as you can, the residual as high as you can (this is pretty much set) and the low payment will come from that.
I would say with zero down, and everything wrapped in $795 a month on a $60k sticker GS is not great. Mine was $60k, and I was at $700 with nothing down.
Never negotiate a lease based on the payment. Get the price as low as you can, the money factor as low as you can, the residual as high as you can (this is pretty much set) and the low payment will come from that.
12-05-12, 09:31 PM
#32
Instructor
- What is your money factor?
- What is your residual?
- What is your lease acquisition fee?
Are you doing a down payment or Multiple Security Deposits?
12-07-12, 06:04 AM
#33
Rookie
Join Date: Oct 2009
Location: il
Posts: 55
Likes: 0
Received 0 Likes
on
0 Posts
ok thanks for the help... was yours 15000 per month.?
can i get explanation on money factor. that would help.
they were basically offering 800 less than the sticker. so thats why it came in at that 60k.
said would pick up first payment.
thanks again.
can i get explanation on money factor. that would help.
they were basically offering 800 less than the sticker. so thats why it came in at that 60k.
said would pick up first payment.
thanks again.
12-07-12, 07:01 AM
#34
Instructor
Money Factor is basically the interest rate on your lease.
12-07-12, 11:08 PM
#36
Instructor
- What is your money factor?
- What is your residual?
- What is your lease acquisition fee?
12-08-12, 10:20 AM
#37
Rookie
Join Date: Oct 2009
Location: il
Posts: 55
Likes: 0
Received 0 Likes
on
0 Posts
Lease acquisition is included
15,000 miles per year. .25 per mile after that. Is .25 common. Last one I had was .15
57,486 is price
777.24 is monthly lease
Lexus picks up The first pYment
15,000 miles per year. .25 per mile after that. Is .25 common. Last one I had was .15
57,486 is price
777.24 is monthly lease
Lexus picks up The first pYment
12-08-12, 10:27 AM
#38
Instructor
- What are your exact options on your proposed vehicle?
- What is the invoice price?
- What is your money factor?
- What is your residual?
- What is your lease acquisition fee that was bundled in?
12-08-12, 10:31 AM
#39
Instructor
I built a 4GS F Sport at $59.5k MSRP, $55.3k Invoice.
Good price would be $55.3k invoice less loyalty certificate, so cash price would be less than $55.3k
Based upon your slightly higher MSRP and much higher cash price, the deal is very poor.
12-08-12, 02:50 PM
#40
Rookie
Join Date: Oct 2009
Location: il
Posts: 55
Likes: 0
Received 0 Likes
on
0 Posts
Hmm. Are things tougher in Chicago. .? Money factor is .0007
Buyout after three years is 34,710
Specs are.
Fsport package
Cold weather package
Auto remote start
Blind spot
Cargo ect Matt's
Mark levinson
Msrp is 60892.
Some dealers were looking for 877 a month. On basically the same model and assesories
Buyout after three years is 34,710
Specs are.
Fsport package
Cold weather package
Auto remote start
Blind spot
Cargo ect Matt's
Mark levinson
Msrp is 60892.
Some dealers were looking for 877 a month. On basically the same model and assesories
12-09-12, 12:48 AM
#42
Instructor
Hmm. Are things tougher in Chicago. .? Money factor is .0007
Buyout after three years is 34,710
Specs are.
Fsport package
Cold weather package
Auto remote start
Blind spot
Cargo ect Matt's
Mark levinson
Msrp is 60892.
Some dealers were looking for 877 a month. On basically the same model and assesories
Buyout after three years is 34,710
Specs are.
Fsport package
Cold weather package
Auto remote start
Blind spot
Cargo ect Matt's
Mark levinson
Msrp is 60892.
Some dealers were looking for 877 a month. On basically the same model and assesories
Money Factor is excellent.
Residual is okay. Probably fixed, so no need to further negotiate.
12-09-12, 11:18 AM
#44
Driver School Candidate
Thread Starter
Join Date: Nov 2012
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts