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Lexus IS 250 / IS 350 Lease Questions

796 messages,  Last post on Sep 04, 2008 at 9:18 AM

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


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#476 of 796
IS 350 lease by b0123
Jan 13, 2008 (10:15 am)
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I was presented the following #s for leasing an IS 350 (with premium package, no nav)
 
1. MSRP = $39,875
 
2. Sell Price = $36,750
 
3. Residual Value = $22,333
 
4. Term = 36 months
 
5. Money factor = 0.00245
 
6. Monthly payment = $578
 
7. Initial payment = $705 (includes the first month's payment)
 
 Are these OK? I live in the Dallas area and wanted to know if anyone's seen better rates here.
 
  Thanks for the help.
#477 of 796
Re: MF Rates [the_bull] by sluurrpee
Jan 13, 2008 (11:32 am)
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Replying to: the_bull (Jan 11, 2008 9:03 pm)

.00135 is no mistake. You might need to have Tier 1+ credit, which I believe is 720 or 730+. Also make sure they are not bumping the rate to make more. I signed a lease on earlier this week in SoCal for an '08 IS250 RWD and got the .00135 money factor and 57% residual for a 3yr/36k mi lease.
 
MSRP: $35,764 (auto,premium, 18" wheels, HID, Pref acc. pkg)
Sell price: $31,216 + $600 assignment fee
Nothing down other than drive off which was about $700
#478 of 796
Re: IS 350 lease [b0123] by the_bull
Jan 13, 2008 (8:12 pm)
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Replying to: b0123 (Jan 13, 2008 10:15 am)

The MF they are quoting you is way to high....unless you have pretty bad credit. Tier one is .00175 and it appears tier one plus (credit score over 730) is .00135.
 
 It's about a one percent difference but it comes out to about $25 a month difference in interest (depending on your deal figures).
 
Take your money factor and multiply by 2400 to get the interest percentage.
#479 of 796
Re: IS 350 lease [the_bull] by b0123
Jan 13, 2008 (8:57 pm)
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Replying to: the_bull (Jan 13, 2008 8:12 pm)

Wow! that's close to a 50% difference from what the dealer quoted me. I asked them about Tier one plus and he said 0.0024 is Tier One plus. Is 0.00135 a documented fact?
#480 of 796
Re: IS 350 lease [b0123] by the_bull
Jan 14, 2008 (10:05 am)
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Replying to: b0123 (Jan 13, 2008 8:57 pm)

Call around to different lexus dealerships. Ask to speak to finance or sales manager and tell them to quote you the buy/lease rate from Lexus financial. I called 3 different dealerships and got .00175 . It doesn't matter what market or part of the country you are in...The tier one plus rate is what it is.
 
HOWEVER dealers mark it up to make more money off the deal. I haven't heard of .00135 but it seems in line at 3.24% . .00175 is 4.2% ...DO NOT let them take you higher than that!!!
#481 of 796
Re: IS 350 lease [the_bull] by b0123
Jan 14, 2008 (2:43 pm)
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Replying to: the_bull (Jan 14, 2008 10:05 am)

Thank you very much! I will ask around. BTW - I am being quoted a sell price of $35,730 for the '08 IS 350 (with the premium package - NO NAV). MSRP - $39,875.
 
I hope this is a good deal.
#482 of 796
Re: Special lease promotions, 1pay [thshadow] by lexuskid80
Jan 15, 2008 (2:14 am)
Reply

Replying to: thshadow (Feb 12, 2006 6:58 pm)

Hey everyone I have been reading forums for the past few months some pretty information being posted on the forums. I leased my 1st car 2008 Lexus IS250 Awd last week Jan. 8th. I shopped around a bit for the car at first I was gonna get it without the Navigation package but I said what the heck if Im going to lease something like this might as well get the Navi because it came with bluetooth and rearview camera. This is the deal I got I went to Lexus of EngleWood NJ the sales guy was really awesome to deal with and down to earth. The reason I put that much money down is I didnt want my payments to be more then 400 a month and He orginally was at 460 when he presented me the offer.
 
2008 Lexus IS250 Awd
Navigation
Premium Package
HID Headlights
MSRP is like 39k+ I forget the exact number and Sale price was like 35k something.
12k Miles a year
I put down 3500 dollars 2k and then the 1500 for 1st months payment and fees.
I ended up paying 400.00 a month including Taxes in that payment.
Buyout at end of lease team is 22,800+ Tax
 
This is my 1st lease and I wanted to get your guys opinon on this deal. Iam happy with it because It has pretty much everything in it and it is a really sweet car. Let me know what you guys think on this one.
#483 of 796
Re: Special lease promotions, 1pay [lexuskid80] by the_bull
Jan 15, 2008 (7:48 pm)
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Replying to: lexuskid80 (Jan 15, 2008 2:14 am)

Lexuskid, i was in the same boat as you....I went in thinking no navigation but after driving both cars...I decided it was worth the extra 2K for the Nav and bluetooth feature....plus it looks absolutely great in the car. The Nav system is the same one in all lexuses and it's great!
 
Here is deal I got:
 
08 IS250 AWD - (Navigation, HID headlights, premium package)
MSRP: 39,435
Sale Price: 35,000
Term: 36 months, 12,000 miles
Residual: 57%
Money Factor: .00175
6% sales tax
NO MONEY down.
 
My drive off fees were $1400 (Acquisition, Title, Tags, 1st months payment)
 
I rolled the taxes ($2,100) into the monthly payment.
 
Montly payment is $512
#484 of 796
Re: IS 350 lease [b0123] by soylentgreen
Jan 21, 2008 (11:37 am)
Reply

Replying to: b0123 (Jan 14, 2008 2:43 pm)

Can you give me the Dallas dealer that gave you this quote? Did you go through the internet department? Thanks.
#485 of 796
IS350 Lease Questions by coby03
Jan 25, 2008 (5:01 pm)
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Dealer just offered this on an IS350 with premium package:
 
MSRP $39654
Cap Cost $36760
Term 3 year/ 12K per year
MF 0.0024
Residual 55%
Monthly Payment (excl tax) $555
 
I'm in Ohio. Looks high to me based on what I've seen on the board so far. Marking up the MF? Comments?

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