BadAzz

Got it. Thanks. Will be at the dealership ill talk to them.

Afrosheen

Just follow the 1% rule for good leases. Your payment should be less than or equal to 1% of the final sale price, taxes all in. So, a good lease for the first offer for a total price with tax of 82.979.50 is 829 per month, zero down. However, if you can hang on until December, I swear the 2016's will get slashed again because the '17's will start showing up. People got killer deals on '15 RCF's earlier this year and late last year.

You always want to shoot for zero down and if you need to reduce the capitalized cost or money factor (and if your state/dealer supports it), use MSD's instead. Multiple Security Deposits are little refundable deposits that the dealer (financial institution) returns to you upon completion of the lease. However, this strategy is antithetical to the overall leasing concept, which is keeping your cash liquid and not tied up in assets.

jmtamu

I wouldn't put anything down on the lease. I think it's still too much. Where are they coming up with the $11k drive off number? That is absurd.

Afrosheen

It does look weird, intentionally cryptic as usual. 3k customer cash down (cap cost reduction), sales tax 3700-ish, dealer/state fees, and...well...some other big chunk. It's nearly 12k out of pocket. I don't understand what's happening with 88,229 MSRP getting 8729 savings AND 8900 rebate becoming 79,500. 88,229 minus both of those leaves you with 70,600.

3k cap cost reduction isn't all that much to risk but it's money you could never recover in the event of an accident, that's why they say never put money down on leases. Sign and drive, 1% is a perfect lease.

I'm shocked at how low the residual is. This must be LFS trying to maximize profit and not subsidize the sale much at all. Losing money on the front end through rebates and stuff, making it up on the backend with a low residual which essentially equals higher than normal depreciation. 54% on a 36 month lease is pathetic.

ssmoked

why are your taxes over 11%?

rominl

iTrader: (4)

i have yet to see a reasonably good lease deal on this car

klimber

what would you consider a good deal?

jonathanz

iTrader: (2)

i'm willing to pay $700 a month. sign and drive!

Afrosheen

If that follows the 1% rule then the sale price is 70k with a reasonable residual. I'd get one today if it was zero down 700 per month.

klimber

wouldn't we all...

ssmoked

wishful thinking. Maybe wait another year for a new 15'

95bat

This doesn't make any sense to me... I'm not a lease expert, but how do you start at $88k on the lease, get $17,600 in savings, then cap cost is $79,500? Shouldn't the cap cost be the MSRP minus the savings and the rebate, so 88,229 - 8,729 - 8,900 = $70,600 right? It really looks like they didn't subtract the rebate from the price, then to get the lease down they have an $11,900 drive off fee, which they should be paying $8,900 of with the rebate.

Again, not a lease expert, but that one looks like they're trying to screw you.

Plus, I agree with the others, sales tax on your purchase offer is extremely high.

Afrosheen

Only the '15's don't exist. The GSF debuted this year. So, yeah, I'm nitpicking, the '16's will be cheaper next year because they've barely sold any this year. Still not uncrossing my fingers until after December.

ssmoked

meant 16'

wait another year and that lease deal would be easily achievable. But definately not now or yet.

rominl

iTrader: (4)

a m3/m4 goes for around 800 a month now, msrp mid 70s to 80k?
a m5 goes for around 1000 a month now, msrp mostly 105-110k?

both with 0 down and 36 months. if you try hard you can probably get 12k miles a year.

so that would be my reference point on what i would consider a good deal on the gsf.

it's all about how willing lexus is going to do it. remember the 13-15 gs? the lease deals bet out on any 5 or e class you could find out there. but that's on the regular gs, huge volume and lexus had a reason to push them. the gsf is very small volume and honestly lexus wouldn't care if they have trouble selling the car. so the drive to give out more incentives is not as big

it's a tough one for lexus. lexus built on a strong foundation of ownership, most people bought their cars. however the culture has changed and leasing makes more and more sense for the new generations in the luxury market. so for lexus to really compete with the germans they have to change their mindset the work out the math