jessejames

I am thinking about leasing the ls460 in april of 07 giving the car time enough to reveal its negative and positive,so i was just wanting to know who will lease or buy the ls 460 or the ls460l.

jjbodean

i have done 3 ls460 deals, 2 of them were retail and one was a lease in his company name

Stevekil

If you frequently change cars then yes leasing is a good idea. But if you want value for money, you can buy a Lexus pre-owned after 2-3 years with lexus warranty and save 10s of thousands of dollars.

Its not wise to shell out too much money on a depreciating asset.

But if you are wealthy then buying a new LS is the best, since it gives a unique sense of ownership to the mind.

15951

Will the sense of ownership be less unique if I buy a used car? I want to make sure my mind experiences as unique a sense as possible.

exBMWowner

I'm not a big fan of leasing in general, but my company can deduct the entire lease expense from our tax bill. If we capitalize the car, we can only deduct the depreciation, so leasing becomes more financially favorable for us.

rominl

iTrader: (4)

no, if you love the car enough you will still love it a lot. i got my gs400 used and i still like it a lot today

Stevekil

I agree with romin, love is where the heart is. Gorgeous does not care if the purchase is new or used.

Therefore, the moral of the story is, if you find a used one you will love, with your choice of colors, interior and options, go for it, and enjoy those perfect moments.

rominl

iTrader: (4)

whereas if you don't really love the car that much, even if it's new, it's not going to do much

xcntuatd77

My credit is 700+ . What lease would I expect to get for about 3 years with 12000 miles through lexus on a LS460 loaded and a ls460L loaded?

(with NOTHING down expect the regular fees and first months payment?)

and also what the residual for both cars would be.


I want to know what to generally expect when i go a dealer if i decide to pull the trigger.

thanks for the info!

EKM

From what the dealer has told me, the residual is 60% on a 3 year 12k lease. It is 50% on a 4 year, minus 2% if you go for 15k a year. The money factor is in the .00265-.00275 range for good credit.

Example 3 year 12k lease sold at MSRP:

MSRP: $71,000
Residual: $42,600
Depreciation: $28,400
Monthly Depreciation cost:
$28,400/36 = $788.88
Finance cost:
($71,000 + $28,400)x .00265= $263.41

Total: $788.88+$263.41=
$1052.29 plus all fees/taxes

Stevekil

Expect the deeler to go straight to heaven.