- #2307 of 2500
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Re: Leasing a 250 RWD [yacamoca]
by pcampos
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Mar 23, 2008 (8:02 pm)
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Replying to: yacamoca (Mar 23, 2008 2:14 pm)
"I'm looking at leasing a IS250 RWD 6spd Manual transmission, and I currently live in SoCal near LA. The closest dealership to me would be Longo in El Monte, and i'm wondering about lease prices for a IS250 with base package, 18" alloys, HID, and Preferred Acessory Package. The total comes to be $33,204, and we plan to give a down payment of around $6000. The salesman told us this would cost us around $315 a month for a 48month 12k plan. Does that seem about right? Or am I getting ripped? "
Well you're paying MSRP for a vehicle that the average buyer is getting for about $3500 less (check the TMV pricing page).
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- #2308 of 2500
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Re: Leasing a 250 RWD [yacamoca]
by hcireel
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Mar 24, 2008 (6:21 pm)
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Replying to: yacamoca (Mar 23, 2008 2:14 pm)
This deal sounds very fishy to me, I would defiantly not sign this lease it sounds like a rip off. I need a few more details, what kind of money factor and residual are they giving you on a 48 mo lease for 12k miles. Also if possible find out the money factor and residual for a 36 mo lease. I know that for example on a 36 mo lease the money factor is amazing for the IS only .0002 for tier 1 credit.
Personally I would never do a lease that is over 36 mos and I wouldn't put down $6,000 on a lease. But if you give me the details I'll run the numbers and check out the deal. But DO NOT sign this lease as is. You should be able to get a much better deal but I need to know the numbers first.
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- #2309 of 2500
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Re: Leasing a 250 RWD [hcireel]
by yacamoca
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Mar 24, 2008 (9:52 pm)
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Replying to: hcireel (Mar 24, 2008 6:21 pm)
Woops, too late, hahaha. I ended up leasing a 08 IS250 RWD Manual for 36mo/12k miles. Payed $2000 down payment, the Gross Capitalized Cost was $29,083, the Residual Value is $18,983.28 . I don't know what the money factor is, should it be on some paper? I think the MF was .00175, but i'm not quite sure on that. The monthly payment for the car is set at $350/month
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- #2310 of 2500
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Re: Leasing a 250 RWD [yacamoca]
by hcireel
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Mar 25, 2008 (9:08 am)
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Replying to: yacamoca (Mar 24, 2008 9:52 pm)
Oh ok, well the lease you described to me is not too bad. I did the numbers and I reverse calcuated the nubmers and I had to assume a few things but looks like MSRP of around $32,175, a ressidual % of 59% and a MF of .00175 which is 4.20% annually. So this a pretty decent lease. This is WAY better than your first one you posted that one looked way too high. Anyway hope you enjoy the car my friend was looking to get an IS250 as well. Where and what dealer did you go to? I might go there with her to check it out, if it's in my area.
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- #2311 of 2500
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Car_man where are you?
by gwarrenfl
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Mar 25, 2008 (5:45 pm)
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Car_man
Are you answering on this board??
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- #2312 of 2500
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Re: Car_man where are you? [gwarrenfl]
by kyfdx HOST
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Mar 25, 2008 (7:14 pm)
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Replying to: gwarrenfl (Mar 25, 2008 5:45 pm)
Car_man hangs out on the Lease Questions boards..
Lexus IS 250 / IS 350 Lease Questions
If you have a question about residuals or money factors, that is the place to ask.
regards,
kyfdx
Host-Prices Paid Forums
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- #2313 of 2500
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Re: Leasing a 250 RWD [hcireel]
by yacamoca
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Mar 25, 2008 (7:47 pm)
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Replying to: hcireel (Mar 25, 2008 9:08 am)
Thank you for the check up. The MSRP was actually $33,204. But anyways, I went to Longo Lexus at El Monte.
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- #2314 of 2500
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Re: 2008 IS 250 AWD in PHILLY [xraymanrr]
by husyadady
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Mar 26, 2008 (12:56 pm)
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Replying to: xraymanrr (Mar 22, 2008 12:46 pm)
HOW MUCH ARE YOU PAYING MONTHLY FOR A IS 250 AWD LEXUS 2008.I AM PLANNING TO BUY ONE WITH A TRADE IN WORTH 7000..I AM PLANNING TO HAVE A TERM OF 60 MONTHS TO PAY.TNX FOR YOUR TIME
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- #2315 of 2500
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Re: Car_man where are you? [kyfdx]
by gwarrenfl
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Mar 26, 2008 (1:57 pm)
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Replying to: kyfdx (Mar 25, 2008 7:14 pm)
kyfdx,
Ok then if Car_man is not on this discussion board ARE YOU the man?
If so seems like lots of people including myself are looking for some help. Also it appears that there are lots of LEASE questions here rather than on the leasing board?
gwarrenfl
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- #2316 of 2500
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Re: Car_man where are you? [gwarrenfl]
by kyfdx HOST
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Mar 26, 2008 (4:13 pm)
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Replying to: gwarrenfl (Mar 26, 2008 1:57 pm)
Well.. even people that lease are interested if their payment is a good deal. The only way to really know that is to find out what others are paying.. Neither Car_man or I can know what the market is for every model. We depend on the other members for that information.
But, if you have specific questions about lease programs for a specific model, then there are Lease Questions forums for each model, and Car_man monitors those boards, as he has those confidential numbers.
regards,
kyfdx
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