mywhtjet

Hi Everyone:

New to the forum. Thanks in advance to everyone for your time.

Wanted your opinion on a pending lease deal. Wont bore you with all the details, but here it is:

1. 2015 GS 350 AWD with F Package and Nav (slate grey with red interior)
2. MSRP with destination of $56,490
3. Cap cost of $49,650
4. Three year lease with 10K miles a year
5. I live in the Chicago area

Really enjoyed the car (looked at A6, E350, and Jag XF 2.0 as well)

Dealer offering $640 a month including tax with no money down AND including my negative equity trade (approx. 1500). I have excellent credit so Tier 1+ for financing.

What do you think? Does this seem like a solid value? Need to make a decision by this Monday (the Lexus incentives under the current season to remember ends on Jan 4).

Thanks again!

Brolic

iTrader: (1)

You can do a lot better. A lot of people here pay 500-550 with zero down. 12k a year for 3 year. F sport model with a few option.

mywhtjet

Thanks Brolic. Trying to get some sense of perspective on this given my lack of any direct comparisons. May I ask what part of the country you are located?

DVADER

Ultra white/Cabernet 2015 AWD gs 350 f sport

MSRP 58,505

Agreed Value & Gross cap cost: $52,590.44 & $55,263.07 (taxes 1,972.63/ Acq fee 700)

Cap cost reduct: $4,500.00 (Lexus December rebate special)

Adjust cap cost;: $50,763.07

Residual: $33,932.90

Depreciation amount: $16,830.17

Rent charge: $1,494.00 (MF of .000489977)

Out of Pocket / money down: $160 towards dmv fees.( Basically gave them $160 and I drove off)

Total of base monthy payments: $18,324.17

36 months / 10k mile per year with monthly payments of $509 with NY sales tax of 8.625% built in already.

5k and 10k maintaince services free.

This is the deal I got 2 weeks ago. Your salesman need to be slapped in the face for that outrageous offer. He's trying to make 2016 a happy new year for himself.

namzug

I agree on 2015s there are much better deals out there. In San Diego I got my 2015 Fsport with a $58k MSRP at $535 a month with 15k a year for 33 mos. nothing down and nothing at signing but I had to shop around and work the deal with brokers and dealers.

yround

I just leased a GS 350 F Sport on Thursday for $528 (tax included) no money down for 36 months, 12k miles/year. MSRP was $56,430. Sale price was $48,193. You definitely should be able to get a better deal.

isekii

Yea I got the same numbers as DVADER from the same dealer. you really only have Monday to get the deal done.
I would tell the dealer straight out this is what you want and give him the numbers adjusted accordingly.
consider about 10-11% off MSRP + incentives 4500 + 1st month credit for december to remember.

If all else use the same numbers that DVADER and I got and find a dealer with a car with similar MSRP.

mywhtjet

Thanks everyone for all the input. Very much appreciated! I'll give the sales manager a call on Monday. If they dont budge I will go to another dealer and try to get this done near the price points everyone suggested.

Sevn86

Should be able to do a lot better like others have stated. Good luck and post pics if you happen to get it tomorrow.

Starterman

Any updates?

I have an offer similar to yours...
MSRP $56720
Sell Price: $45,112 (Rebate $5108 + $6500 discount)
Price with fees (Nitro Fill $499) Total Purchase $45611
Trade allowance $42000
Trade Difference $3611
Doc Fee $649
Tax $160.17
non tax $124
Net Price $4544.17
Trade Payoff $45769.93
Balance $50,314.10

$0 DOWN $640 Month for 36/12k or
$1000 down $609 per month 36/12k
or $592 36/10k

jtrue28

What is "Nitro Fill $499"?

I would just subtract that. If it's what I think it is, it's a complete waste of money.

Starterman

Nitrogen air charge for which I will never use and I want to say I was told the Polysteel something is included in that price...not sure.

ECL

In short, Nitro Fill $499 is a joke, at best. Actually, it is a scam.

Starterman

What he said, lol. I will have them to remove it when I get to finance office, they have before--if I make it that far.

DVADER

I had nitrogen in my honda tires. It's free from the dealership, refills and all. Reason they use it is because the auto companies use cheap tpms setups and the nitrogen doesn't fluctuate as much in terms of pressure. DO NOT PAY A PENNY FOR IT!