Price Paid for a GS-F (Lease or Purchase)
#559
Lexus Test Driver
#560
Driver School Candidate
#561
Lexus Test Driver
The only thing that would fix this, for me at least, is a higher residual percentage, because that would lower the depreciation and therefore the payments. This is a buyers car in this state, in my opinion, not a lease car. Plus the money factor is really high right now. At the end of the day, I waited all year for a great lease on the gsf and never saw it, so it's off my list.
#562
Lexus Champion
Again, I'm leasing, and the lease deals are structured poorly. We pay 6% sales tax spread out over the course of the lease in Texas, and you're taxed on the sales price, not the portion of depreciation. So even 20k off, which I haven't seen (87k MSRP, best dealer offer so far is 69k, then add 6% tax onto that), with a paltry 54% residual value, and it's a bad deal. Even if I shopped out of state and brought it home, registration would stick me with that same tax.
The only thing that would fix this, for me at least, is a higher residual percentage, because that would lower the depreciation and therefore the payments. This is a buyers car in this state, in my opinion, not a lease car. Plus the money factor is really high right now. At the end of the day, I waited all year for a great lease on the gsf and never saw it, so it's off my list.
The only thing that would fix this, for me at least, is a higher residual percentage, because that would lower the depreciation and therefore the payments. This is a buyers car in this state, in my opinion, not a lease car. Plus the money factor is really high right now. At the end of the day, I waited all year for a great lease on the gsf and never saw it, so it's off my list.
#563
Lexus Test Driver
there is no way they can/will increase the residual. The MSRP takes a 20% discount new and dealers are still flooded with units. In 3 years, i can guarantee it will be worth in the low 40% residual range (what a buyer is wiling to pay). GS 350 owners are complaining about their car lost half value in 3 years, the overpriced GSF will depreciate far more.
Guess I'm just mad I can't get one for what I'm willing to pay, after waiting for the opportunity all year. I'll stop polluting this thread so buyers can get back to posting numbers.
#564
Lexus Champion
Yeah, I know they won't increase the residual, I was just dreaming and saying what it would take to fix the numbers for my situation. The GS has been punished with depreciation and I'm not sure why. It's no Mercedes that breaks very expensive things the second the warranty expires, which also carries this huge depreciation penalty.
Guess I'm just mad I can't get one for what I'm willing to pay, after waiting for the opportunity all year. I'll stop polluting this thread so buyers can get back to posting numbers.
Guess I'm just mad I can't get one for what I'm willing to pay, after waiting for the opportunity all year. I'll stop polluting this thread so buyers can get back to posting numbers.
Mass produced high price cars lose value the fastest. High volume only speed up the pace. It's accross the industry.
Be be patient until Jan/feb. dealers would blow up your phone with offers
look at the typical 73-79k RCF, after 2 years it goes for around low 50s. That's around 30% true market depreciation after 2 years! Good thing I had 20% off msrp when acquired mine new
Last edited by ssmoked; 12-03-16 at 10:12 AM.
#568
Lexus Test Driver
Texas dealers are making this a buyer's car and seem to be immune to rot lot.
#570
Lexus Champion
Sent a few emails back and forth with Westside Lexus. The salesman could only hit 70k plus tax, lease for over 1k per month at 36/10k and 3k down but free service to 25k miles. That's 5 services and it adds up quick with the more frequent oil changes on the F's.
Texas dealers are making this a buyer's car and seem to be immune to rot lot.
Texas dealers are making this a buyer's car and seem to be immune to rot lot.