GX - 2nd Gen (2010-2023) Discussion topics related to the 2010 + GX460 models

2020 Lease/Purchase

Thread Tools
 
Search this Thread
 
Old 11-07-19, 09:48 AM
  #76  
duke5150
Driver School Candidate
 
duke5150's Avatar
 
Join Date: Sep 2019
Location: CA
Posts: 10
Likes: 0
Received 3 Likes on 2 Posts
Default

Leased my 2019 GX Premium MSRP (window sticker) $60,200 (captain chair 2nd row) and cap cost was $11,000 discount including rebates - $49,000.
$2,000 total drive off including tax, registration, and first pmt. Pmt is $428/mo plus tax
15,000 miles 36 months.
Keyes Lexus - Van Nuys CA.
A friend of mine got same deal next day.
Old 11-07-19, 09:52 AM
  #77  
ASE
Pole Position
 
ASE's Avatar
 
Join Date: Jan 2019
Location: WA
Posts: 2,108
Received 1,033 Likes on 690 Posts
Default

Originally Posted by duke5150
Leased my 2019 GX Premium MSRP (window sticker) $60,200 (captain chair 2nd row) and cap cost was $11,000 discount including rebates - $49,000.
$2,000 total drive off including tax, registration, and first pmt. Pmt is $428/mo plus tax
15,000 miles 36 months.
Keyes Lexus - Van Nuys CA.
A friend of mine got same deal next day.
Without residual ... this is worthless information.
Old 11-07-19, 10:02 AM
  #78  
duke5150
Driver School Candidate
 
duke5150's Avatar
 
Join Date: Sep 2019
Location: CA
Posts: 10
Likes: 0
Received 3 Likes on 2 Posts
Default

Originally Posted by ASE
Without residual ... this is worthless information.
RESIDUAL is: $34,327.08

Hope that helps.
Old 11-07-19, 11:09 AM
  #79  
hoverta
Rookie
 
hoverta's Avatar
 
Join Date: Apr 2018
Location: OH
Posts: 36
Received 8 Likes on 7 Posts
Default

Yup, find a dealership that is known for offering deep discounts and buy there. It was worth it for me to drive 7-8 hours back. I've done it twice now and don't regret it one bit. Why should I pad the local dealership's accounts when I can save substantially more with just a short weekend trip. Fly out and drive back.
Old 11-07-19, 12:01 PM
  #80  
PNWRacer
Driver
 
PNWRacer's Avatar
 
Join Date: Oct 2019
Location: WA
Posts: 87
Received 59 Likes on 25 Posts
Default

Originally Posted by duke5150
RESIDUAL is: $34,327.08

Hope that helps.
The dealer I bought my off-lease 2016 from was whinging about "losing a couple hundred dollars" on my deal, which was $38.8k (Premium with 23,000 miles). I knew they were lying because typical residual around 52%. This verifies. They make out like bandits on leases and off-lease sales.
Old 11-07-19, 12:07 PM
  #81  
duke5150
Driver School Candidate
 
duke5150's Avatar
 
Join Date: Sep 2019
Location: CA
Posts: 10
Likes: 0
Received 3 Likes on 2 Posts
Default

Check out leasehackr.com
https://forum.leasehackr.com/
Old 11-07-19, 01:22 PM
  #82  
cb1111
Lead Lap
 
cb1111's Avatar
 
Join Date: Jul 2019
Location: VA
Posts: 534
Received 147 Likes on 122 Posts
Default

Originally Posted by duke5150
Leased my 2019 GX Premium MSRP (window sticker) $60,200 (captain chair 2nd row) and cap cost was $11,000 discount including rebates - $49,000.
$2,000 total drive off including tax, registration, and first pmt. Pmt is $428/mo plus tax
15,000 miles 36 months.
Keyes Lexus - Van Nuys CA.
A friend of mine got same deal next day.
Originally Posted by duke5150
RESIDUAL is: $34,327.08

Hope that helps.
So that makes the cost $51,307.08

Last edited by cb1111; 11-07-19 at 01:34 PM.
Old 11-07-19, 01:26 PM
  #83  
cb1111
Lead Lap
 
cb1111's Avatar
 
Join Date: Jul 2019
Location: VA
Posts: 534
Received 147 Likes on 122 Posts
Default

Originally Posted by PNWRacer
The dealer I bought my off-lease 2016 from was whinging about "losing a couple hundred dollars" on my deal, which was $38.8k (Premium with 23,000 miles). I knew they were lying because typical residual around 52%. This verifies. They make out like bandits on leases and off-lease sales.
The residual on his deal is 57% - residual is calculated from MSRP, not from the negotiated price.
Old 11-08-19, 02:46 AM
  #84  
srpuywa
Driver
 
srpuywa's Avatar
 
Join Date: Mar 2019
Location: WA
Posts: 135
Received 45 Likes on 24 Posts
Default

I paid $52K for my 19 Premium back in March 19, traded a 17 4Runner in the deal.
Old 11-08-19, 05:31 PM
  #85  
tpjc1018
Driver
 
tpjc1018's Avatar
 
Join Date: Feb 2011
Location: MO
Posts: 78
Likes: 0
Received 2 Likes on 2 Posts
Default

Getting quoted $8,500 on a 2020. Dealer is $6k off on the website.
Old 11-08-19, 05:35 PM
  #86  
PNWRacer
Driver
 
PNWRacer's Avatar
 
Join Date: Oct 2019
Location: WA
Posts: 87
Received 59 Likes on 25 Posts
Default

Originally Posted by tpjc1018
Getting quoted $8,500 on a 2020. Dealer is $6k off on the website.
Maybe the ten year refresh cycle and decisions to not include features that are standard on lower-level vehicles are starting to affect sales?
The following users liked this post:
Craigyyy (11-26-19)
Old 11-09-19, 08:12 AM
  #87  
HotRod2
Driver School Candidate
 
HotRod2's Avatar
 
Join Date: Jan 2018
Location: Florida
Posts: 45
Received 15 Likes on 6 Posts
Default

Looking at a Premium with Captains with MSRP of $58,xxx, any other data points for a 2020 Premium?
Old 11-09-19, 09:29 PM
  #88  
docboy
Pit Crew
 
docboy's Avatar
 
Join Date: May 2009
Location: WA
Posts: 118
Received 7 Likes on 6 Posts
Default

Originally Posted by TRD_Power
Sounds like something Lexus of Bellevue would do. I had so many bad experiences there, especially with the service department, to where I chose to drive all the way from Bellevue, to Lexus of Seattle in Lynnwood, just because they didn't treat me like I was an inconvenience. To this day, even after unsubscribing several times and calling the Managers, I still receive Emails for my parents' car's service from Lexus of Bellevue.
Another big thumbs DOWN to Lexus of Bellevue. These guys are shady; they don't negotiate, are pretentious snobs. My feeling is that because this dealership feels they are in Bellevue (a more affluent area due to numerous high tech companies), they can over price their cars with, like others have said, options that can't be taken off. Service department stinks too, nicke and dime things to no end and recommend with an open face un-necessary service.

I bought my LX at Lexus of Lynnwood at few years ago, and had a good experience. They were willing to make a deal and I was happy. A year later my wife was due for a new car and we returned to Lynnwood and bought her NX there as well. A thumbs UP for Lexus of Lynnwood.

Back on topic...

Last edited by docboy; 11-09-19 at 09:36 PM.
Old 11-12-19, 01:12 PM
  #89  
Pangoo
Rookie
 
Pangoo's Avatar
 
Join Date: Jan 2015
Location: Texas
Posts: 78
Received 4 Likes on 4 Posts
Default

Originally Posted by JZNC
Your doubt is reasonable. I am waiting to hear back about the interest rate from their Finance Department. Once everything is finalized, I will come back and report.

Any follow up on this ? If 9k off a premium was possible I would probably have not bothered modding my 2015 and just gotten a new one lol.
Old 11-12-19, 01:19 PM
  #90  
JZNC
Driver School Candidate
 
JZNC's Avatar
 
Join Date: Apr 2018
Location: NC
Posts: 6
Likes: 0
Received 11 Likes on 3 Posts
Default

Yes. Finalizing the paperwork today. Interest rate we got is 2.94% for 60 months. I hope it helps.
The following 6 users liked this post by JZNC:
bbqsoup (11-12-19), Craigyyy (11-26-19), hadokenuh (11-12-19), nuclearn8 (11-12-19), ObsidianBl (11-12-19), Pangoo (11-12-19) and 1 others liked this post. (Show less...)


Quick Reply: 2020 Lease/Purchase



All times are GMT -7. The time now is 10:35 PM.