KevinCA

Hi guys. Newbie here. I'm closing deal on the car. Please let me know if this is a good deal or not. Thank you so much.

2014 LEXUS GS350 F-Sport Fully loaded
MSRP: $59,368.00
Selling Price: $52,650.00

Lease:
36 months, 15000 miles
Drive off check: $1250
Monthly Payment: $550

GS35014

First of all a $59,368 gs 350 F sport is not fully loaded. Second the deal is luke warm at best...

Igor911

fully loaded is more like 62k MSRP

SC300Es

He is getting a 12% discount off MSRP. Try getting that on the East Coast.

KevinCA

My apology. It's the F-sport package with additional options that is $10758.

Is this a good lease guys? Monthly payment is $550. Drive off is $1250, 36months, 15000 miles, and MF is .00025.

GS35014

I did and better, over 13% discount... My Msrp was $61,344 and sale price was $53,000... And i am also in the east coast. New jersey to be exact. Ray catena Lexus of freehold was my dealer..
$516.00 a month Only first month payment and 8 MSD's due at signing. 27 months/15k a year. It was in june 2014...

Dustin2011

Enter your lease details on this link and you will get a lease rating. This is a good indicator on how well you did.

http://www.ridewithg.com/calculator/index.html

My GS35- F-Sport was similar to yours, except I had zero drive off and my payments, including tax, are $569.85 per month. Oh, and Lexus made my first monthly payment.

27 month, 10k miles per year

jjscsix

Big difference in miles. Unless we see a write up, it's very hard to compare. Someone else may be saying he has a better payment, but we don't know what the tax laws in his state are. When comparing deals EVERYTHING that goes into the price needs to be shared….EVERYTHING.

SW17LS

Yeah your lease is cheaper because you did 8 MSD's at closing, and its a 27 month lease vs his being 36, and even then its still only $34 a month less. Gotta compare apples to apples.

In fact I think the OP's lease is actually on the whole a better lease than yours.

OP: $550 is a great lease on this car with 15k and $1,250 drive off. If anything, try and get them to do away with the $1,250 drive off and hold the line on payment, if they won't though I'd take that lease all day long.

KevinCA

The tax in CA is 9% for Los Angeles. The residual value is 57% ( $33839) for 36 months. Not sure if there's anymore information that I missed out. Monthly payment $550, Drive off check $1250, 15000 miles, & selling price of $52650.

GS35014

I had them include the 20k and 30k services in my price when i negotiated my lease deal of $516 a month. The Money Factor in the east coast is a lot higher then the west coast that's why I had to put the MSD's down which i will get back at end of lease. You always get the lowest term possible in a lease. After 2 years you will be bored of the car and will want to get a new one. Why would you want to be stuck in a 3 year lease befuddles me. I have more options on my car and the service is included for my whole lease and I am stuck with it only for 27 months how can OP's deal be better then mines?

jjscsix

Kevin, just to show how difficult it is to compare leases, even telling us the tax rate is 9% doesn't tell us the whole story. Some states tax the entire "purchase" price of the car, and some just tax the monthly payment.

I frankly don't believe half the great deals I read on the internet about leases because there are so many variables that usually aren't fully divulged. I'm not aiming this at you BTW.

But here is another question - what does "drive off" mean? Leases generally requires the first month payment as a security deposit and/or the first month payment. So you have to explain what that payment really means.

Joeb427

iTrader: (1)

Leasing and buying!

1nOnlyGSF

OP, if you feel comfortable with this number and will sleep at night peacefully you should get it. I went through more then 10 pages of another thread with people posting their lease numbers and I have seen numbers anywhere from mid 400's to as high as 800's. It all depends when and where you buy your car. I took numbers from west coast and got very lucky that one dealer matched the number on east cost, that why I traded in my one month old brand new truck and got 2014 GS F sport. I also called 5 other dealers in the area who blew me off when they heard the number and said it was unreal, but I purely got lucky, because I'm trying to get a deal for my friends and the best I have come up is $1000 drive off 533 a month 27 month/10K on the car that MSRP is $56.7xx. I have met a person who pays twice as more for his GS then me, but he is happy with his GS. So no matter what kind of number you get there will be better and worse numbers. Try haggle the numbers a little more and see if they budge if not like it was mention before your number is still good. I know if you lower your miles per year to 12K it will drop the number too, but I do not know how important for you to have 15k a year.

SW17LS

Thats worth about $300 and thats if you had it done at Lexus. At my independent, thats about $180.

1. The MF is the MF, there are not different MF's depending on west coast vs east coast. So if you were told that by your dealer, he inflated the MF and then had you buy it back down (VERY common). In any event it still makes your statement that his deal is "lukewarm" based on your deal unfair because your deals cannot be compared. Yours is a different term, different price car, and you paid down the MF with 8 MSDs. Not comparable.

2. I would not automatically get the lowest term, it depends on the deal. If the 27 month lease were cheaper, I'd get that, but in many cases its not. Lexus has some special 27 month leases out there now but when I leased mine 36 was the best deal. I've always leased for 36 months, and I'm comfortable with that. You can always trade out, and for me the 2016 GS will be out about 3 months before my lease ends, had my 2013 lease been 27 months I'd have been short before the new model.

My point about 27 months vs 36 months wasn't to say one was necessarily, just to point out they are different.

Big reason? Because you had to put out 8 MSDs at a cost of at least $4,000 to buy down a dealer inflated MF and he didn't.