Last post on Aug 09, 2010 at 2:44 AM
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Lexus SC 430, Coupe, Convertible
#40 of 54 Re: 2007 SC430 [dallexus]
Jan 18, 2007 (3:52 am)
Hi dallexus. Even though they are getting all of the money for your lease in advance, banks that offer One Pay leases, aka Advance Pay leases, still charge interest. They do usually provide a reduction in the interest rate that is used to calculate the cost of the lease though. Specifically, Lexus Financial Services reduces vehicles' money factors by .00100 for consumers who pay for their entire lease in advance. Unfortunately, Lexus is not currently providing any sort of lease support on the 2007 SC 430 right now. If you were to lease one through Lexus Financial Services, you would have to use its standard lease program. Its buy rate standard lease money factor varies slightly by region, but it should currently be around .00275 for consumers who qualify for its top credit tier. If you pay for your entire lease in advance, this factor would drop to .00175. I would be happy to estimate what the cost of a One Pay lease on this car would cost right now, but in order for me to do so I need some additional information from you first. This information includes this car's full MSRP, its approximate selling price, and how many miles per year you need to be able to drive it. Let me know and I'll crunch some numbers for you.
Prices Paid Forum
#41 of 54 Re: Lexus SC 430: Lease Questions [Car_man]
Jan 28, 2007 (7:02 am)
I am looking into buying/leasing a 2007 SC430. The MSRP would be $67,735. I would do a 36 month, 12k miles lease. In order to get the car I want they will probably have to order it. Will that impact the pricing?
How can I calculate the advantage of leasing over buying?
#42 of 54 Re: Lexus SC 430: Lease Questions [glh]
Feb 11, 2007 (9:22 am)
Hi glh. While technically there is no additional charge for ordering a new vehicle, dealers are usually more willing to provide attractive prices on vehicles that they already have in inventory than on ordered ones. There are two main reasons for this. The first is that dealers are constantly paying "floorplan" interest on the vehicles that they have in stock. The sooner they sell them, the sooner they can stop paying interest on them. The second reason is the old saying "a bird in hand is worth two in the bush." A lot can happen to ruin a deal between the time that a consumer orders it and they physically take delivery of it. Dealers would rather finalize deals immediately than rusk losing a deal.
Lexus is not currently providing any sort of lease support on the SC 430. As a result, if you were to lease one through Lexus Financial Services right now you would have to use its standard lease program. Its buy rate standard lease money factor usually varies slightly by region, but it should be around .00275 for consumers who qualify for its "Tier 1+" credit tier. This is equivalent to an interest rate of around 6.6%. Furthermore, LFS' residual values for the '07 SC 430 are decent, but nothing to write home about. There's nothing wrong with leasing this car, but the program that is available on it right now is not attractive enough to push one in that direction.
Prices Paid Forum
Jan 07, 2008 (4:07 pm)
Car man! What does .00255 mean? I understand the 52%. If car's price is 65,000, how do they figure the lease payment? This leasing is all new to me. Thanks in advance.
Jan 31, 2008 (2:18 am)
Hey bslusher. The articles that kyfdx directed you should answer most of the questions that you have about leasing. .00255 is this car's money factor. Most banks use money factors instead of interest rates to calculate the interest portion of lease payments. You can convert money factors into approximate money factor equivalents to see how good they are by multiplying them by 2400. So, a money factor of .00255 would be equal to an interest rate of around 6.12%.
Prices Paid: Buying & Leasing Experiences Forum
#48 of 54 2007 SC 430 Lease
May 06, 2010 (5:31 am)
I am considering a 3 year lease on a 2007 SC 430 WITH 11,500 miles priced at 43,500. What should the payments be?
#49 of 54 Leasing a used Lexus
Jun 14, 2010 (12:34 pm)
I was told by my Lexus dealer that Lexus does not lease pre-owned Lexus cars. Is this true? I live in Ma.