- #3 of 16
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Re: Does anyone want or need a new SC 430? [bsedrish]
by Car_man HOST
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Jul 16, 2006 (5:18 am)
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Replying to: bsedrish (Jun 27, 2006 6:51 am)
Here's the info that you are looking for, bsedrish. If you were to lease a 2006 Lexus SC 430 through Lexus Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00255 and 52%, respectively. This is LFS' standard lease money factor for consumers who qualify for its Tier 1+ credit tier. I believe that it varies slightly depending upon what part of the country one is in. I'm not personally all that familiar with how much this car is selling for right now.
Car_man
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- #4 of 16
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2003 SC430 Lease Question
by addi
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Oct 24, 2006 (3:34 pm)
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Car_man, Howdy,
Most of the 2003 SC430's sell for $35.0m to $41.0m.
I am considering a lease which would be for 36 months with
12.0m miles per year.
Could you give me the Tier 1+ Buy Rate and Residual for this
car from LFS?
When you get the opportunity, I would as always appreciate
your info. Take care. Addi.
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- #5 of 16
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Re: 2003 SC430 Lease Question [addi]
by Car_man HOST
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Nov 14, 2006 (3:35 am)
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Replying to: addi (Oct 24, 2006 3:34 pm)
Howdy addi. Unfortunately, I do not personally keep tabs on the lease programs for used vehicles. The main reasons why I don't is that leases of used vehicles are much less popular than they are on new vehicles and the lease programs for used vehicles have even more variables than new vehicle lease programs so there is more data to keep an eye on. Sorry that I could not be of more help.
Car_man
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- #6 of 16
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Lease - Used SC430
by addi
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Nov 14, 2006 (5:48 am)
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Car_man (Host) Hello again.
Thanks for getting back to me concerning the above. If I decide not to go with a used SC430, I will come back to you for further lease information.
As always, I appreciate your efforts and information.
Addi.
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- #7 of 16
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Re: Lease - Used SC430 [addi]
by Car_man HOST
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Dec 12, 2006 (3:21 am)
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Replying to: addi (Nov 14, 2006 5:48 am)
No problem, Addi. Talk to you soon.
Car_man
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- #8 of 16
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2007 SC430
by dallexus
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Dec 13, 2006 (9:32 am)
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I am considering leasing. I have looked at a Lexus 1pay lease. Can you advise me on the pros/cons of this and approx what the 1pay should be on 36 months?
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- #9 of 16
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Re: 2007 SC430 [dallexus]
by Car_man HOST
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Jan 18, 2007 (3:52 am)
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Replying to: dallexus (Dec 13, 2006 9:32 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.
Car_man
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- #10 of 16
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Re: Lexus SC 430: Lease Questions [Car_man]
by glh
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Jan 28, 2007 (7:02 am)
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Replying to: Car_man (Aug 31, 2005 3:30 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?
Thanks!!
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- #11 of 16
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Re: Lexus SC 430: Lease Questions [glh]
by Car_man HOST
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Feb 11, 2007 (9:22 am)
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Replying to: glh (Jan 28, 2007 7:02 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.
Car_man
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- #12 of 16
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Car Man?
by bslusher
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Jan 07, 2008 (4:07 pm)
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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.
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