I leased a $54K BMW 540i in Feb of 2002 and have a payment of $763 - no cap reduction, 12K miles/yr, 36 mo..

I just priced a 2004 GX470 at $52,900 and selected the lease option (no cap. reduction, 12K miles/yr, 36 mo) and the lease payment was in the mid $800's.

Why would my payment be $100 higher when I selected excellent credit in the lease calculator option?

What lease price did you guys get on a 36 month, 12,000 mile lease at about $52K for your GX?

Thanks.

 

I had the opposite. I had X5 with MSRP of 48K and paid $710 a month. When I wanted to get another X5 in April, I was quoted for same MSRP $730-750. I started shopping for GX and for 52K MSRP was quoted around $750, but then I got a deal $550 with taxes upfront.
What you should do is to wait until the end of month or quarter and I am sure that some dealers will want to give you a good lease payments. Don't forget that Lexus has a bigger spread between invoice and MSRP as well as dealer receive holdbacks from Lexus company. As result they have more room to give you a better price/payments than BMW. Plus, BMW dealers are just to ignorant.

 

$53593 '04 GX
575 month
no money down
Bought in FL

Local dealers here in NY/NJ? $730+

 

If you want to know the dealer ask me. One of my friends recently got the same deal as me from the same person after I advise them to see him.