Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Lease Questions
796 messages, Last post on Sep 04, 2008 at 9:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
I have never leased a car before but am thinking about it. I have a few questions, please excuse, just trying to increase my knowledge.... I assume you can haggle on the price of the car first, right? Once you establish a price, then you go into all of the details of the lease correct? This is where I get lost.....I have excellent credit, score is around 800.....what type of deal should I be looking for during this sales event? How many years is an average lease? What kind of money is needed to put down on this purchase? How many miles a year is average on a lease? Can you ask for more without paying more? What is a residual payment? Last question, what advantage if any is there to leasing? Thanks for all input, it is much appreciated!
|
|
|
Replying to: mldj98 (Dec 12, 2006 8:08 am) It is not a wise move. |
|
|
|
|
Thank you for all of the helpful info. on this site. I live in the Las Vegas area where there is only one Lexus dealership. I have reasonable access to Southern CA and Utah so going to either place for a vehicle is not an issue. I currently drive a 2004 Infiniti G35 Coupe (Premium Package) with an expiring lease. I was considering a G35 Sedan although I have heard great things about Lexus so I test drove the IS 250/IS 350 models. I like the IS 350 more and would like to start negotiating. I do not believe that I want the nav and want upgraded seats with either the luxury or sport packages. My questions are as follows: 1. Is the IS 350 superior to the IS 350? 2. What features are must-haves with the car? 3. With what dealers should I start negotiating for my lease and what should I be offering? I realize that some of these are broader questions and hopefully as I learn more, I will get more direct with the questions. Any help you can provide would be most beneficial as I move forward with this process. Thank you, Eric
|
|
|
Recently visited a Baltimore Lexus dealer for the IS250 AWD. First quoted me MF of .00315(I have excellent credit) then lowered to .00250 saying the dealer buys the rate (probably not true) A few questions: 1. What is the MF being offered now through Lexus Fin. Service? 2. In Maryland, are sales tax added on the full sales price of the car. 3. I was quoted: IS250 AWD w/ HID package 36,000 Residual value of 18,400 36 month lease with MF .00250 $563.00/month No out of pocket except obviusly first payment. Not sure if this included $600.00 acq. fee. Is this a good deal. Some I spoke to said they thought this was the best I could get. Also looking at BMW 328XI, I have a 330XI now and the IS250 seems a lot slower on pick up. I know the engine is smaller on the IS250 but are the cars comparable? Thanks. I've learned so much from this forum..... Forever grateful
|
|
Does anyone know the money factor offered by BMW and Lexus right now?
|
|
|
|
|
Replying to: edrn (Jan 07, 2007 11:17 am) I thought all along that I was gonna get a 335 until I used their Nav, and compared to the Lexus Nav, its like DOS to Window. But looking at some of thepost, either Lexus has horrible MF or BMW has super MF |
|
|
Replying to: mldj98 (Dec 12, 2006 8:08 am) In answer to your specific questions, yes the selling prices of leased vehicles are absolutely negotiable. Make sure to negotiate as low a selling price as you can on the new IS that you are considering leasing then have the dealer that you are working with calculate its lease payment using Lexus Financial Services' buy rate lease money factor. Most leases are 24 to 48 months long. Generally speaking, the shorter your lease is, the higher your monthly payment will be. I usually prefer to lease for 36 to 39 months. This is a nice length because it is long enough that your monthly payment will be reasonable, but too long so you won't get sick of your vehicle. Consumers can and should lease any vehicle that they are interested in without making any sort down payment. Consumers who make large down payments on vehicles actually risk losing them if their vehicle is totaled in an accident or stolen and never recovered. At lease signing, you will have to pay your car's first month's payment, Lexus Financial Services' $600 acquisition fee, and any required state taxes or fees. I believe that Lexus Financial Services will waive its security deposit requirement for consumers who qualify for its top credit tier, as you should judging by your credit score. Leases usually allow 10,000 to 15,000 miles per year. Most consumers go with 12,000 or 15,000 miles per. Which option you choose will depend upon how many miles you typically put on vehicles. The higher your vehicle's mileage allowance is, the higher its lease payment will be. Your vehicle's residual value is used to calculate the depreciation portion of your monthly payment. It is also used to calculate your vehicle's lease-end purchase option price. Car_man Host Prices Paid Forum |
|
|
Replying to: fitzgibbons (Jan 03, 2007 12:53 pm) Car_man Host Prices Paid Forum |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2008 Lexus IS 250
2008 Lexus IS 350
Browse by Board
Browse by Topic
