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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

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


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#452 of 1165
Decent payment? by blah5
Dec 22, 2007 (12:56 pm)
Reply

Replying to: st7 (Dec 18, 2007 4:29 pm)

I'm working on a payment for a 2008 IS250 AWD.
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!
#453 of 1165
Current buy rate for IS 250 RWD by redbull321
Dec 22, 2007 (10:07 pm)
Reply
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.
#454 of 1165
Re: Lexus IS 250 AWD Auto No Nav. Lease Deal [oe2132] by vdopiro
Dec 24, 2007 (5:45 am)
Reply

Replying to: oe2132 (Dec 11, 2007 7:52 pm)

Hi oe2132.
Can you please e-mail me (vdopiromsn.com) the address and the name of your dealer. Looks like a vey good one.
Thank you.
#455 of 1165
Different MFs by blah5
Dec 26, 2007 (9:32 am)
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Replying to: vdopiro (Dec 24, 2007 5:45 am)

I was just at my local Lexus dealership and asked for the .00175 MF for December to Remember, I was told that the current MF is .00215 and "I will not get the buy rate." Any advice?
#456 of 1165
Re: Different MFs [blah5] by ntlwhsle
Dec 26, 2007 (9:48 am)
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Replying to: blah5 (Dec 26, 2007 9:32 am)

Hi,
 
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.
 
#457 of 1165
Re: Different MFs [ntlwhsle] by blah5
Dec 27, 2007 (6:50 am)
Reply

Replying to: ntlwhsle (Dec 26, 2007 9:48 am)

Thanks for your help ntlwhsle.
 
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!
#458 of 1165
Completed Deal on IS250 AWD w/Nav & Lux Pkg by md_outback
Dec 27, 2007 (12:44 pm)
Reply
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
#459 of 1165
Car_man: Need JANUARY lease figures for IS350 by avex
Dec 28, 2007 (5:56 pm)
Reply
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!
#460 of 1165
Re: Completed Deal on IS250 AWD w/Nav & Lux Pkg [md_outback] by herro91
Dec 28, 2007 (6:15 pm)
Reply

Replying to: md_outback (Dec 27, 2007 12:44 pm)

Hi MD,
 
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 dkccieyahoo.com
 
Thanks!
#461 of 1165
Wise to leave 9 security deposits on a Lexus? by avex
Dec 28, 2007 (6:27 pm)
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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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