NegotiationGuides.com

View Original

Lexus GX460 Negotiation Guide

Video Summary Page (12/27/2023)
Suggestions Expire at End of Month!

See this content in the original post

Inventory vs. Competition

Right now, ALL of GX inventory are 2023 vehicles with the 2024 being a complete redesign. It’s competitors have fair amounts of their vehicles, and not shown here is about <5,000 or less of each the Mercedes GLE, BMW X5, and the Audi Q7.


Residual by Vehicle Model

According to the lease residual data, the GX will retain about 57% of its value 3 years from now, however, according to other available data, this figure could be much higher as it has been the last 2 years with inflated used vehicle prices.


Suggested Trim, MSRP, and Target Discount

Target Trim: Luxury AWD

Example MSRP: $70,880

Target Discount Range: 12% OFF MSRP

Target Selling Price: $62,318

See this content in the original post

Special Offers & Lease Rates

Promotional APR: 4.49% @ 60 months

Lease Cash: $3,500

Payment Waiver: Up to 4 Payments

Lease Residual: 57% @ 36 Months (12k mi)

Lease Money Factor: .00262 or 6.29% APR


Finance & Lease Payment Calculation

Example MSRP: $70,880

Example Selling Price: $62,318

Finance Term: 4.9% @ 60 Months

Finance Payment: $1,185.76/month*** (estimated)

Total Interest (Finance): $8,158.53 (estimated)

Lease Term: 36 Months

Lease Payment: $771.52/month*** (estimated at 12% OFF MSRP)
Lease Payment:
$1,031.79/month*** (estimated at MSRP)

Total Interest (Lease): $9,358-$10,166

*** Payments are suggestions that DO NOT include your states sales tax and assume no down payment or dealer fees paid at signing.

See this content in the original post