Last post on Dec 08, 2013 at 9:18 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Lexus IS 250, Lexus IS 350, Lexus IS, Car Leasing, Sedan
#1798 of 1807 Re: 2014 IS 350 AWD with F sports package lease [mast1]
Nov 28, 2013 (10:47 am)
You will have to provide more details such as MSRP, selling price of the car, MF, residual percentage... Based on previous posts the MF and residual for this vehicle for 27 months and 15K miles is .00110 and 70%.
I would recommend against putting anything significant down on a lease. If you are not in NY you can pay down using up to 9 multiple security deposits (MSDs). You get the amount you put down in MSDs back at the end of the lease.
With that said $399/month is a good price if it works for you.
#1799 of 1807 Re: 2014 IS 350 AWD - November Lease Rates [crazych42]
Nov 28, 2013 (11:34 am)
Thanks, i now have a better understanding of what i'll be leasing. One more question, Can you explain MSD's to me? As it applys to my lease and how it relates to my monthly payment
#1800 of 1807 Re: 2014 IS 350 AWD with F sports package lease [crazych42]
Nov 28, 2013 (11:54 am)
Thanks for you reply. Here are the detail that i've from the dealer.
MSRP: $48827 / Invoice: $46047
Purchase Price: $44547
And fees he is charging
Doc here is 499
DMV is 418.50
Lexus Acquisition Fee is 700
One month payment 399
Down payment 2000
so instead of 4000, he is saying give him 3500 total down
I dont have the MF and residual percentage but yeah it maybe .00110 and 70%.
I'm in NJ area, so i wont be able to do MSDs?
#1801 of 1807 Re: 2014 IS 350 AWD - November Lease Rates [tonfin]
Nov 28, 2013 (12:01 pm)
Each MSD reduces MF by 0.00007. If you do 9 MSDs it will reduce your MF by .00063. MSDs are calculated from the monthly payment rounding up to the nearest $50 or $100. I'm not 100% sure on the rounding.
-If monthly payment is $500, then each security deposit will be $500.
-If payment is $551, then $600
-If $549, then $550. 9 MSDs in this case would be $4950.
Using max MSDs will reduce your monthly payment ~$40-$50/month.
#1802 of 1807 Re: 2014 IS 350 AWD with F sports package lease [mast1]
Nov 28, 2013 (12:10 pm)
That's a pretty good selling price. I believe NJ does do MSDs. The payment might be a little higher by $20-$30/month, but you may want to consider MSDs instead of putting money down that you will never get back...
#1803 of 1807 Re: 2014 IS 350 AWD with F sports package lease [crazych42]
Nov 28, 2013 (2:01 pm)
Ok thanks for explaining.. I'll ask my dealer about MSDs and see what he says and i'll let you know how it goes.
Btw, fees of $1500, do they look reasonable to you for Lexus? He said it includes Lexus acquisition fee, DMV and doc fees
#1804 of 1807 Re: 2014 IS 350 AWD with F sports package lease [mast1]
Nov 28, 2013 (2:49 pm)
You're welcome. I'm not familiar with NJ DMV fees, but the Lexus acq fee is about right. The doc fees are high but could be normal for your state. The fees in VA are in the $300-400 range.
#1805 of 1807 Take a look at this deal for IS250AWD with F-Sport
Dec 06, 2013 (10:07 am)
I think I'm getting a pretty good deal here with a 2014 IS250AWD with F-Sport pacakge
Selling Price $ $41,143
Monthly base: $373.83
Monthly w tax: $397.57
Drive off costs- $933.56 (bank fee, registration, doc, first month payment waived)
What do you guys think?
#1806 of 1807 Which place
Dec 06, 2013 (1:48 pm)
Can you say which dealership and state your quote is from?
#1807 of 1807 Re: Which place [ko350z]
Dec 08, 2013 (9:18 am)
I am due to close on the car this week. As soon as I do I can post where I got it from. Thanks