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Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Lease Questions
791 messages, Last post on Aug 27, 2008 at 9:01 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 1:44 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  yahoo.com 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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Replying to: avex (Dec 28, 2007 7:27 pm) |
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Replying to: avex (Dec 28, 2007 7:27 pm) thiswolf gmail.com I'd love to compare notes on special ordering. Thanks! |
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Does anyone know the current MF and residuals for January on the IS250 and IS250 AWD ?
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Replying to: hopefall (Jan 08, 2008 5:08 pm)
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Replying to: sluurrpee (Jan 08, 2008 5:58 pm)
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Replying to: the_bull (Jan 08, 2008 7:50 pm) |
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Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Lease Questions
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