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2014 GS350 F-Sport Lease Deal - Good?

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Old 03-18-14, 08:19 AM
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dfertig
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How are you guys achieving such low money factors? I have good credit and am being told here in FL that a money factor of .0025 is excellent. I also only got 2k off of sticker, but I just picked it up on Sunday night from JM lexus here in South Florida. I'm willing to take it back today if need be.
Old 03-18-14, 09:20 AM
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gmanusmc
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Originally Posted by dfertig
How are you guys achieving such low money factors? I have good credit and am being told here in FL that a money factor of .0025 is excellent. I also only got 2k off of sticker, but I just picked it up on Sunday night from JM lexus here in South Florida. I'm willing to take it back today if need be.
You can do that in FL? In most states, it's a done deal once you have signed the papers and driven the car off the lot.

That .0025 money factor sounds way high. I think Lexus top tier credit money factor is around .00085 right now.
Old 03-18-14, 09:33 AM
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That's 6% interest rate.
Old 03-18-14, 09:46 AM
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dfertig
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We have 3 days to bring the car back.
Old 03-18-14, 10:05 AM
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Originally Posted by dfertig
We have 3 days to bring the car back.
If that's the case, maybe you can return it and make a deal with a dealer that's more up front. A MF of .0025 these days is NOT a good money factor.

Good luck.
Old 03-18-14, 10:07 AM
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dfertig
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Originally Posted by bgaerttner
If that's the case, maybe you can return it and make a deal with a dealer that's more up front. A MF of .0025 these days is NOT a good money factor.

Good luck.
Thanks man. I've already reached out to see what needs to be done.
Old 03-18-14, 10:16 AM
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Originally Posted by dfertig
Thanks man. I've already reached out to see what needs to be done.
Sounds good - let us know how it goes.
Old 03-18-14, 11:14 AM
  #83  
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The base MF is the base MF. If the dealer is quoting you .0025 they're padding profit in that MF.
Old 03-18-14, 12:20 PM
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dfertig
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It was mistaken, MF is .00025. I also thought I had overpaid for the vehicle. I brought up my concerns and showed them truecar.com prices and they matched the price which saved me an additional $3k.

Should have done research before heading in there. I'm in sales too. I felt bad doing it, but money is money. No one likes to felt taken advantage of or over pay.
Old 03-18-14, 01:12 PM
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Originally Posted by dfertig
It was mistaken, MF is .00025. I also thought I had overpaid for the vehicle. I brought up my concerns and showed them truecar.com prices and they matched the price which saved me an additional $3k.

Should have done research before heading in there. I'm in sales too. I felt bad doing it, but money is money. No one likes to felt taken advantage of or over pay.
Now that sounds more like it - great job!

Enjoy the new ride!

Bill G
Old 03-18-14, 06:39 PM
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EchoDelta
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Greetings and I'm new here by the way! Awesome site and thank you all for giving the consumers a heads up by sharing your quotes.

We've been trying to replicate some of the deals that I've found here, but to no avail. Been up and down to two North NJ dealerships (3/15/14) and one in PA. The best monthly we've received so far was for $575 /mo. One NJ dealership actually told us that he didn't want to take a loss since these cars are selling like hot cakes at the moment. Especially for the one we want: GS F Sport AWD Obsidian/Cabernet. Not much incentives for this month maybe? We're going to try again towards the last week of this month and possible ton the 31st. I'll keep ya'll posted.
Old 03-19-14, 12:50 PM
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Back in Feb 2012, I Leased a 2013 GS350 base with Nav gave $3,000 trade-in, 36 mo, 12Kmi $650. I felt screwed, but was one of the first on the road.
Sept 2013, Out of the blue, a salesman from my dealer called saying they were desperate for trade-ins so I upgraded it for a 2013 F-sport, 36mo, 12Kmi for $688 - absolutely no money at signing, in fact they paid 1st month and I was over miles on my trade, which had a few dings and scratches. First time I left a dealership, happy without paying a penny.

<--- just noticed, need to update my avatar, that's the old one...
Old 03-22-14, 07:18 AM
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anyone in the dc md va area got a good deal? planning to lease a gs350 f sport rwd white/red thanks alot
Old 03-22-14, 08:23 AM
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kaywu85
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Originally Posted by EchoDelta
Greetings and I'm new here by the way! Awesome site and thank you all for giving the consumers a heads up by sharing your quotes.

We've been trying to replicate some of the deals that I've found here, but to no avail. Been up and down to two North NJ dealerships (3/15/14) and one in PA. The best monthly we've received so far was for $575 /mo. One NJ dealership actually told us that he didn't want to take a loss since these cars are selling like hot cakes at the moment. Especially for the one we want: GS F Sport AWD Obsidian/Cabernet. Not much incentives for this month maybe? We're going to try again towards the last week of this month and possible ton the 31st. I'll keep ya'll posted.

575 /mo for how many month/miles? $0 drive off? its pretty good if its 36/12k and $0 drive off let me know. =)
Old 03-22-14, 08:28 AM
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kaywu85
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Originally Posted by GS14AWD
GS AWD Luxury with Cold, etc, MSRP $60,3xx.
$2,500 down, (that includes taxes, tags, etc), basically out the door.
15K/yr, 36 months.
$53x.00/month. I got the Lexus wear & tear insurance cause I will surely have dings, curve rashes on rims, any other type of damage to the car, and worn out interior due to my children along the way, I think it might cover "over milage" on some cases? Anyhow, with the insurance, $550/month.

If I did 27 months, it would have been about $25 less.
And if I did 10k/yr, it would've been noticeably less? At about $.20 per mile calculation, there is about $3000 difference between 10k/yr & 15k/yr. $3000 / 36 month is about $83/month, so roughly that amount less or so? But I didn't even consider it, so I don't even know.

I think I got a pretty good deal, happy with the deal, sales process, and the dealer so far.
Which dealership is it? very nice deal


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