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Lexus IS 250 / IS 350 Prices Paid and Buying Experience

2796 messages,  Last post on Dec 06, 2009 at 7:33 PM

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What is this discussion about? Lexus IS 250, Lexus IS 350, Lexus IS, Car Buying, Sedan

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#31 of 2796 Re: money factor and prices... [shl1] by sdiver68 Oct 22, 2005 (11:36 am)
Replying to: shl1 (Oct 22, 2005 10:52 am) Yes, I can wait, thanks. I'm waiting until I can find an IS 250 AWD for <$350/month with $2K down. Right now, they are closer to $390.
#32 of 2796 Semi Quote by govols2 Oct 24, 2005 (5:23 pm)
I test drove the IS350 on Saturday Oct 15th. Salemen has been hounding pretty good since I drove, in a friendly way so far. So he called again today and gave the following over the phone.   Here is the numbers he gave me on leases:   IS250 with nav 36mo 36K  .0320 money factor 60% residual   payment about $560 with tax included in TN (home of high sales tax)   IS350 with nav 36mo 36K .0320 money factor 62% residual   payment about $640 with tax in inlcuded in TN (home of high sales tax)   When I sighed in disbelief he said the manager said to make deals happen and there is room to negotiate. "they want to put some of these cars on the road to attract other buyers". The have only sold one of their 4 intial IS's.   I need feeback, seems like the money is high and residuals are low. Figures were achieved through pay list price. Something that I simply won't do on a car. Replies to this message: bmoney1 (Oct 25, 2005 3:40 am) jrct9454 (Oct 25, 2005 6:36 am) govols2 (Oct 25, 2005 6:56 am) sdiver68 (Oct 25, 2005 9:47 am)
#34 of 2796 Re: Semi Quote [govols2] by bmoney1 Oct 25, 2005 (3:40 am)
Replying to: govols2 (Oct 24, 2005 5:23 pm) They are definitely jacking up the MF. I think the base rate is .00280...the residuals seem spot on though. Replies to this message: jrct9454 (Oct 25, 2005 6:36 am)
#35 of 2796 Re: Semi Quote [bmoney1] by jrct9454 Oct 25, 2005 (6:36 am)
Replying to: bmoney1 (Oct 25, 2005 3:40 am) Yeah, if they really want to make deals, the money factor is way, way, way off. Ridiculous. Wouldn't touch it with a ten foot pole....
#36 of 2796 Re: Semi Quote [govols2] by govols2 Oct 25, 2005 (6:56 am)
Replying to: govols2 (Oct 24, 2005 5:23 pm) My mistake money factor is .00320. Sorry for the typos. I would still love the feedback.
#37 of 2796 Re: Semi Quote [govols2] by sdiver68 Oct 25, 2005 (9:47 am)
Replying to: govols2 (Oct 24, 2005 5:23 pm) I lease an M45 Sport, definitely a step maybe 2 up from the IS350, for $642/month for 3 yrs/12K/7% tax with $2500 down. The Acura RL (also more car) can be had for < $550/month easy. My feedback is NO WAY on those IS "deals". In fact, this whole Lexus leasing thing is starting to smell bad to me, I hope it either reverses course or changes. Let's start with the acquisition fee, what is that? Would you laugh if a bank tried to get you to pay them $600+ to take your car loan? That is exactly what the leasing company is doing. They should be forced to include the fee in the MF or equivalent APR, as mortgage companies are. Then you would see your 6% rate equivalent Money Factor is really 15% or 20% or whatever (I'm not running that calc) Let's run a sample calculation for 'fair'. Im going to use the base AWD IS 250 since that is the car I'm considering for my fiance. 3 yr/45k/7% tax. MSRP = $34,285 Invoice = $30,168 so lets negoitate $31,727+ destination charge of $590, final price of $32,317. $1500 profit to the dealer for being a middleman not including his holdback nor his anticipated revenue on the maintenance schedule nor the fact that many luxury cars are being made "certified" on return and going for way more than the residual on the used market. OK, now is it fair to pay this acquisition charge? No, but nothing we can do about it right now except maybe force the dealer to swallow some. We've already negotiated price so I'll pay that as down payment since they still think this is a "hot" car. OK, plug in 63% residual and .00235 MF to get to a payment of $454. In my case, put $1500 down to get it to $405.
#38 of 2796 Desert Sage Metallic color- IS350 by kenbt Oct 25, 2005 (10:29 pm)
Has anyone seen this color in person?   Is the color nice or not nice? Replies to this message: justconvinced (Oct 26, 2005 12:33 am)
#39 of 2796 Re: Desert Sage Metallic color- IS350 [kenbt] by justconvinced Oct 26, 2005 (12:33 am)
Replying to: kenbt (Oct 25, 2005 10:29 pm) Saw it... can't say that I'm moved.
#40 of 2796 Multiple Security Deposits - IS 250 by socalcpa Oct 26, 2005 (12:39 pm)
Any idea whether this program is available for IS 250 and the impact on lease money factor? Replies to this message: miata007 (Oct 27, 2005 2:11 pm)

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