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Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Lease Questions
1165 messages, Last post on Nov 17, 2009 at 6:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (May 08, 2009 3:04 am)  I wish I had seen you replied supporting my answer before I took the time to write out all the details in that last post! haha Oh well, hopefully it'll help some new people coming into the forums who don't quite understand MSD. I know this forum (and a little googling about leasing 101) helped me tremendously when I got my IS and I understand leasing better now (from NOTHING before!) than I ever could have imagined! The sad thing is, I actually understand leasing a little better than some of the people that WORK at Lexus! 
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Replying to: newnmpr0ved (May 31, 2009 7:56 am) |
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Replying to: greeneyespsu (May 31, 2009 2:45 pm) Do you get all or part of the MSD? I know that any cap cost reduction is gone in this scenario. |
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Replying to: greeneyespsu (May 07, 2009 11:24 am)  greeneyespsu Actually you're not saving 1.5% on $37,656, you're saving 1.5% on 48% of 37,656, which is $18,074, or the amount you're financing over 3 years.
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Replying to: rohitg (Jun 21, 2009 9:12 am) The average amount financed over the lease term is: (CAP cost + Residual) / 2 regards, kyfdx |
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Replying to: rohitg (Jun 21, 2009 9:12 am) My gosh.. please please PLEASE read the thread and do your research before replying. I've already addressed this more than a handful of times. When you lease a car, you pay interest on BOTH the lease amount and the residual. You're driving around in 100% of the car, not 52% of it, so your MF/APR is calculated on the total value of the vehicle (actually, the total price of what the agreed to sell the car to you for.. this is why it's important to negotiate the price of a car you lease, just as you would one that you'd buy). The residual is the residual is the residual. It's ALWAYS calculated off the MSRP so it will NEVER be negotiable. It's always the % of the MSRP. In my case it was $19,581.18. The difference between the residual and the selling price of the car is the main portion in determining your payments. For the last time, the interest you pay on a lease is based off of the ENTIRE MSRP of the vehicle. If you have the same MF on a lease as you do APR on a purchase you will PAY MORE interest on the lease because the prinicipal is reduced less each year on a lease than a purchase. If you can find a lease anywhere on the planet that you just pay interest on the 48%, please take it without even thinking about it, then come back here and post so the rest of us can get the most amazing deal in the history of the planet -- because it doesn't exist. If you still need more proof or still don't understand money factors/interest, here are two good sites I found from googling just now. http://www.leasetips.com/calculating.htm (see STEP 3) http://www.leaseguide.com/lease08.htm (see Finance Fee) If you still don't understand how leasing works, you probably should just finance. There's nothing better to a car dealer than being able to prey on a person who doesn't know how a huge financial deal works (that will profit the dealer). If you're still set on leasing, at least read this first. http://www.edmunds.com/advice/leasing/articles/48365/article.html |
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Can anyone confirm the June Lexus Financial Services MF's and residuals for the 2009 IS250 AT? This is what I have seen on other posts... 36 months, 15k miles, 50% residual and .00040 MF 48 months, 15k miles, 41% residual and .00060 MF Add 2% residual for all 12k mile leases. Also any thoughts on what July may bring as we approach the end of the 2009 model year? Thanks!
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I'm looking to get a Lexus IS250 and will probably go with a used 2007 model (listed at $25K) but my mother's husband has offered to co sign a lease if I wanted to get a 2009 model. With my current credit history (only 3 cards showing with a total credit line of $ 1100.00 and a student loan that is from 1989 and has no lates - another $ 2700 more to go before it's all paid out) I don't think I would be able to qualify for a lease on my own - hence why I am looking to buy a used model. Will having him co sign help at all? Keep in mind that he is currently financing his own car (2008 Honda CRV), is retired, has a nice nest egg from selling their house a couple of years ago and scores are in the high 700's. Thanks for any input. -P. |
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Replying to: penone (Jun 29, 2009 12:14 pm)
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Replying to: kingpcgeek (Jun 29, 2009 12:44 pm) |
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