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Lexus IS 250 / IS 350 Lease Questions

1165 messages, Last post on Nov 17, 2009 at 6:18 AM
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Replying to: st7 (Dec 18, 2007 4:29 pm) MSRP: $35,169.00 Sale Price: $32,200 36 mo lease 12k miles per year .00215 Money factor 58% Residual First month's payment due at signing This came to a monthly payment of $507. Seems high but I can't figure out why Comments are appreciated! |
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| I'm looking for the current buy rate MF and residuals for the IS 250 RWD for 10k and 12k miles - both 24 and 36 months. | |
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Replying to: oe2132 (Dec 11, 2007 7:52 pm) Can you please e-mail me (vdopiro Thank you.
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Replying to: vdopiro (Dec 24, 2007 5:45 am)
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Replying to: blah5 (Dec 26, 2007 9:32 am) just call other dealerships around. ask for fleet sales and then tell them what you want. you should be able to get buy rate and $500 over invoice NO PROBLEM. another way is fill out a quote on edmonds main site and 4 dealers will reply to you with the best pricing. i would do it that way, no haggles.
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Replying to: ntlwhsle (Dec 26, 2007 9:48 am) Tried, but to no avail. I guess this is what happens when you only have 2 Lexus dealerships in the state (that are both owned by the same person) I called and told them I will be going elsewhere for their unwillingness to use the .00175 MF... they put no effort into trying to save the deal! |
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I just completed a deal for a 2008 IS250 AWD with Navigation and Luxury Package at Lexus of Silver Spring, Maryland: MSRP: 40,765 Sell Price: 36,200 (got to that price with no haggle within 5 minutes) 36 months; 12k miles per year .00175 Money factor 58% Residual Paid taxes, fees and first month Monthly payment is $458 The price they gave me in person was better than everything I received via Internet quotes from several Lexus dealers in the area (I only intended to have my wife test drive the car, then buy it elsewhere). They also gave me a pretty good price on my trade-in ($1000 more than the local CarMax appraisal). The finance person did make two initial "errors" during the lease calculation that I had to point out. They used the wrong money factor and they did not correctly adjust the overall cost based upon the net equity in my trade-in that I was rolling back to cover the taxes and fees. Had I not been prepared, thanks to reading this forum, I might not have noticed the errors and it could have added more than $75 to the monthly lease cost. It pays to study up before you visit the dealer. MD
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Hi Car_man, Do you have the January 2008 lease figures for the IS350 yet? I'm looking for the base money factor and residual for a standard 36 month/15k mile per year lease. I've locked in the "December To Remember" .00195 mf, but my car won't arrive for several weeks, so I'm told I'll have to use a January '08 residual. I believe the December residual is 54%, so I'm hoping there won't be much change for next month. Thanks! |
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Replying to: md_outback (Dec 27, 2007 12:44 pm) I also live in Maryland and am looking at a Lexus from Lexus of Annapolis. Can you give me the name of the salesman you worked with from Lexus of Silver Spring? My email is dkccie Thanks! |
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Can anyone here weigh in on the wisdom of leaving multiple security deposits when leasing your Lexus? You can leave up to 9 security deposits on your car as a way to bring down your monthly payment (and accordingly, your interest rate). This seems financially wise to me, but I'm just wondering if there's a catch I'm missing???
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