- #98 of 1587
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Re: RX 330 in CT [lexusct]
by Car_man HOST
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Jan 03, 2006 (3:25 am)
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Replying to: lexusct (Dec 22, 2005 3:33 pm)
Hi lexusct. All you need to do to make additional security deposits on your lease is tell the dealer that you want to make them. Most banks provide some sort of discount in the lease money factor that is used to calculate the interest portion of leases for each additional deposit. I am not sure of the exact reduction in money factor that LFS provides, but I suspect that it is around .00005 to .00010.
Car_man
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- #99 of 1587
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Re: Lease payments [sued2005]
by Car_man HOST
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Jan 03, 2006 (3:37 am)
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Replying to: sued2005 (Dec 27, 2005 2:58 pm)
Hi sued2005. Let's work up a sample lease payment on these trucks for you and see what we come up with. According to my calculations, if you were to lease a 2006 Lexus RX 330 4WD without the navigation or entertainment systems options with an MSRP of $45,753 and a selling price of $40,988 through Lexus Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $566. The payment for an otherwise identical 39 month lease should be nearly the same. For a similar truck with an MSRP of $48,573 and a selling price of $42,579 I estimate that the 36 month, 15,000 miles per year payment should be around $572. Again the 39 month payment would be about the same.
Car_man
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- #100 of 1587
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Re: Lexus RX 330: Lease Questions [footwood]
by Car_man HOST
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Jan 03, 2006 (3:40 am)
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Replying to: footwood (Dec 28, 2005 9:03 am)
Hi footwood. If you are not all that familiar with leasing and how it works, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
As far as what to look for goes, make sure to negotiate as low a selling price as possible for the truck that you want and that the lease money factor that is used to calculate your lease payment is in line with Lexus Financial Services' current buy rate money factor of .00225 (this assumes that you qualify for its top credit tier).
Car_man
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- #101 of 1587
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Re: 2006 RX 330 AWD with Prem. Plus. Fair deal? [lex123]
by Car_man HOST
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Jan 03, 2006 (3:49 am)
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Replying to: lex123 (Dec 28, 2005 12:34 pm)
Hi lex123. While you are tying up a significant amount of money by making multiple security deposits on a lease the return that you get on that money often exceeds the low returns that individual investors are able to get on safe investments right now. Let's say that Lexus Financial Services provides a .00005 reduction in money factor for every additional security deposit (it could very well be more than this). Looking at the lease payment that I just calculated for another community member, the normal lease payment on a 2006 Lexus RX 330 with an MSRP of $48,573 and a selling price of $42,579 leased through LFS for 36 months with 15,000 miles per year would be around $572. If you were to make 5 additional security deposits on this truck, with each one providing a .00005 reduction in its money factor, you would have to lay out $600 times 5 or $3,000. The .00025 reduction in money factor would reduce this truck's monthly lease payment by $17, for a total of $204 per year. A $204 annual return on a $3,000 investment is equivalent to an interest rate of 6.80%. Even with the conservative estimate on how much of a reduction LFS provides for each additional deposit this return blows away any return on investment that you could get from a CD.
Car_man
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- #102 of 1587
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Tier Structures
by george29
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Jan 03, 2006 (1:19 pm)
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Car_man,
I want to thank you for the invaluable service you provide to the community.
I wanted to know if you knew the fico scores needed for each tier for LFS and associated interest rates/MF.
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- #103 of 1587
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Re: Lease payments [Car_man]
by kaipaji
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Jan 05, 2006 (3:05 pm)
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Replying to: Car_man (Jan 03, 2006 3:37 am)
Hello Car_Man,
Here are the numbers I got from a DFW dealer today.
MSRP - 37065 + Premium Plus Pckg ($ 2960) + Alloy wheels ($ 495) + Rain sensing Wipers & headlamp washers ($ 665)
Total = $ 41, 185
36 Month Lease -- Down Paymnt $ 975, Monthly Pymnt $ 750, Residual Value = $ 23,065.
48 Month Lease -- Down Paymnt $ 850, Monthly Pymnt $ 675, Residual Value = $ 18,946.
The Money Factor that the dealership gave me was .00285
After the "let me talk to my manager" thing, they came up with the following quote:
Negotiated Price = $ 39000, Monthly Payment on 48 month lease = $ 625.
I would like to know what you think of this deal.
Also, would appreciate your thoughts on the message I posted on the MDX Lease discussion.
Thanks
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- #104 of 1587
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RX330 Lease Numbers
by soccerpws
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Jan 06, 2006 (2:28 pm)
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Car_Man:
What are the current January MF and Residuals on 36 month/12,000 mile leases from Toyota FS.
Also, do you have what the "December to Remember" numbers were?
Thanks. 
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- #105 of 1587
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Re: Tier Structures [george29]
by Car_man HOST
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Jan 09, 2006 (3:59 am)
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Replying to: george29 (Jan 03, 2006 1:19 pm)
Thank you george29. I don't know the exact credit score that is necessary to qualify for Lexus Financial Services' top credit tier (I would guess that it is somewhere in the 730 range or so), but I can tell you that its buy rate lease money factor for consumers who qualify for that tier and lease a 2006 RX 330 is currently .00220.
Car_man
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- #106 of 1587
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Re: Lease payments [kaipaji]
by Car_man HOST
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Jan 09, 2006 (4:25 am)
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Replying to: kaipaji (Jan 05, 2006 3:05 pm)
Hi kaipaji. If you are in an area where there is a decent level of competition, I suspect that you can do better than the deal that you were quoted. I estimate that the price that you were given is at least $2,000 over dealer invoice. See if you can knock them down on the price a little more. Once you arrive at a price that you are satisfied with, make sure that they use Lexus Financial Services' buy rate lease money factor of .00220 to calculate your lease payment. This factor assumes that you qualify for LFS' top credit tier. If you do, then the dealer that you are working with is trying to mark up your money factor to add additional back-end profit to your deal.
Car_man
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- #107 of 1587
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Re: RX330 Lease Numbers [soccerpws]
by Car_man HOST
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Jan 09, 2006 (4:45 am)
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Replying to: soccerpws (Jan 06, 2006 2:28 pm)
Hi soccerpws. If you were to lease a 2006 Lexus RX 330 AWD without the entertainment system through Lexus Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00220 and 57%, respectively assuming that you qualify for its top credit tier. I believe that the "December to Remember" special money factor for this truck was .00225, but I don't remember what its residual values were.
Car_man
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