20% off MSRP - 2015 GS 350 leased for $395/ month
01-04-16 | 06:33 AM
#1
Thread Starter
Driver School Candidate
Joined: Sep 2013
Posts: 28
Likes: 0
From: California
20% off MSRP - 2015 GS 350 leased for $395/ month
Thanks to everyone who contributed to multiple threads regarding lease prices.
Just picked up a new 2015 GS350 RWD using the Holiday sales event at my dealer!
It was the last few remaining 2015 on the lot so color choice was none - had to get what they had for a 21% savings.
Pictures taken just after dealer washed and fueled her up - see attached.
Details on the deal:
Overall, a very good experience from this dealer:
Longo Lexus - Jeff Winiecke (Internet sales manager)
BTW:
Today is the last day for this awesome deal - holiday event ends 1/4/2015 !
Just picked up a new 2015 GS350 RWD using the Holiday sales event at my dealer!
It was the last few remaining 2015 on the lot so color choice was none - had to get what they had for a 21% savings.
Pictures taken just after dealer washed and fueled her up - see attached.
Details on the deal:
- $52,450 MSRP
- $41,175 Net cap cost
- -$4500 Holiday bonus cash
- -$400 First month payment (Lexus Financial)
- -$6400 Dealer contribution ($4K under invoice)
- -$2,000 trade in (old 2003 Mitsubishi - matched KBB & Carmax offers)
- Money Factor = 0.00070
- Residual = 57% (12k/36mo)
- Monthly with sales tax: $395
Overall, a very good experience from this dealer:
Longo Lexus - Jeff Winiecke (Internet sales manager)
BTW:
Today is the last day for this awesome deal - holiday event ends 1/4/2015 !
Last edited by 4sallypat; 01-04-16 at 06:38 AM.
01-04-16 | 07:21 AM
#3
Driver School Candidate
Joined: Oct 2012
Posts: 29
Likes: 0
From: OK
It was the last few remaining 2015 on the lot so color choice was none - had to get what they had for a 21% savings.
Pictures taken just after dealer washed and fueled her up - see attached.
Details on the deal:
- $52,450 MSRP
- $41,175 Net cap cost
- -$4500 Holiday bonus cash
- -$400 First month payment (Lexus Financial)
- -$6400 Dealer contribution ($4K under invoice)
- -$2,000 trade in (old 2003 Mitsubishi - matched KBB & Carmax offers)
- Money Factor = 0.00070
- Residual = 57% (12k/36mo)
- Monthly with sales tax: $395
Overall, a very good experience from this dealer:
Longo Lexus - Jeff Winiecke (Internet sales manager)
BTW:
Today is the last day for this awesome deal - holiday event ends 1/4/2015 !
01-04-16 | 08:49 AM
#5
Driver
Joined: Dec 2015
Posts: 158
Likes: 0
From: ny
Im not a hater just giving an opinion here based solely on the numbers. Being the last day of the DTR deal I think you could have done better. The MF is almost double what others have paid (Hows your credit score?). If you would have used the 2k to buy down the MF using MSD then this would have been a much better deal and you would get your 2k back at lease maturity. This car should have leased out at sub $325 per month if you put 2k down and had a better MF or $370 with zero down/pocket and better MF. At the end of the day what's important is that you're happy with the deal and you learned how to negotiate car leases better than previously from using this forum. You get to drive a gs350 for $395 per month when most people are paying more for their Nissan Maxima ( not a knock, maxima is a great car). Enjoy your new toy.
Last edited by DVADER; 01-04-16 at 08:55 AM.
01-04-16 | 11:31 AM
#6
Driver
Joined: Dec 2015
Posts: 166
Likes: 12
From: WA
Thanks to everyone who contributed to multiple threads regarding lease prices.
Just picked up a new 2015 GS350 RWD using the Holiday sales event at my dealer!
It was the last few remaining 2015 on the lot so color choice was none - had to get what they had for a 21% savings.
Pictures taken just after dealer washed and fueled her up - see attached.
Details on the deal:
Longo Lexus - Jeff Winiecke (Internet sales manager)
BTW:
Today is the last day for this awesome deal - holiday event ends 1/4/2015 !
Just picked up a new 2015 GS350 RWD using the Holiday sales event at my dealer!
It was the last few remaining 2015 on the lot so color choice was none - had to get what they had for a 21% savings.
Pictures taken just after dealer washed and fueled her up - see attached.
Details on the deal:
- $52,450 MSRP
- $41,175 Net cap cost
- -$4500 Holiday bonus cash
- -$400 First month payment (Lexus Financial)
- -$6400 Dealer contribution ($4K under invoice)
- -$2,000 trade in (old 2003 Mitsubishi - matched KBB & Carmax offers)
- Money Factor = 0.00070
- Residual = 57% (12k/36mo)
- Monthly with sales tax: $395
Longo Lexus - Jeff Winiecke (Internet sales manager)
BTW:
Today is the last day for this awesome deal - holiday event ends 1/4/2015 !
Last edited by cezar9; 01-04-16 at 11:44 AM.
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01-04-16 | 02:05 PM
#9
Thread Starter
Driver School Candidate
Joined: Sep 2013
Posts: 28
Likes: 0
From: California
Yes, I thought the deal was great.
At first they wanted to roll in the taxes, fees, license, registration, doc fees into the lease but when we told them that the $2000 trade in was to cover those costs, they changed the deal around.
The trade in price was honored by the Carmax certificate we had which saved a lot of time haggling.
Looked at the MF and we were given Tier 1 credit rate @ 0.00070.
I read on some other posts that 0.00053 was the standard - can't say - I looked at the dealer's sheet to confirm the rate.
Compared to my Land Rover, the money factor I got was 0.00181 (about 3 times higher)..... Lexus is rather good on MF...
Could have paid MSD but when it is already 1.8% MF, figured it would not save much - unlike if you got some other car that had high MF when MSD makes sense...
The color is not number one, but the deal was amazing IMO.
At first they wanted to roll in the taxes, fees, license, registration, doc fees into the lease but when we told them that the $2000 trade in was to cover those costs, they changed the deal around.
The trade in price was honored by the Carmax certificate we had which saved a lot of time haggling.
Looked at the MF and we were given Tier 1 credit rate @ 0.00070.
I read on some other posts that 0.00053 was the standard - can't say - I looked at the dealer's sheet to confirm the rate.
Compared to my Land Rover, the money factor I got was 0.00181 (about 3 times higher)..... Lexus is rather good on MF...
Could have paid MSD but when it is already 1.8% MF, figured it would not save much - unlike if you got some other car that had high MF when MSD makes sense...
The color is not number one, but the deal was amazing IMO.
Last edited by 4sallypat; 01-04-16 at 02:19 PM.
01-04-16 | 02:07 PM
#10
Lexus Champion
Joined: Nov 2013
Posts: 12,601
Likes: 1,631
From: WA
01-04-16 | 02:20 PM
#11
Thread Starter
Driver School Candidate
Joined: Sep 2013
Posts: 28
Likes: 0
From: California
Congrats! You did relatively well. If you pushed really hard you could have probably got the same deal without a trade but it is not a huge deal. I am curious if you trade it in tomorrow, can you get some positive equity? I got a similar deal as yours (except no trade) but my GS350 doesn't have a blind spot monitor so I am considering getting another one and swapping mine or trading it in if it is possible.
If you trade in your car now, you may be upside down.
Better to hang onto it and use your head and neck to turn before maneuvering lanes...
01-04-16 | 02:21 PM
#12
Thread Starter
Driver School Candidate
Joined: Sep 2013
Posts: 28
Likes: 0
From: California
got rained on overnight and can't find the normal dirt spots...
at least this color will save me on paying for car washes too frequently...
01-04-16 | 02:33 PM
#13
Driver
Joined: Dec 2015
Posts: 166
Likes: 12
From: WA
I wonder if it drops 12K though because that's the difference between my MSRP and adjusted cap. I have no problem turning my head and neck but sometimes it is hard when it is raining after dark especially if you have tint.
