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

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#486 of 1165 IS 250 Lease by ahoward2 Jan 27, 2008 (10:49 am)
Hello all, I'm wondering if I can get some advice...   I currently lease an '06 BMW 325ci...I have about 5 months left in my lease and I'm about to hit my allotted miles. What I'm trying to do is avoid returning the car and having to pay all types of overage fees and disposal fees because I dont think I can afford to get a new BMW at the end of my lease. (hence none of those will be waved)   I went over to check out the Lexus IS250 (no nav) yesterday and I'm wondering if I got a good deal (I didn't get anything yet).   Here is the first deal he offered me... 490/mo, 5K total drive off (im not sure what that included but i didn't care because that was not happening). 12K/36 mos.   I finally ended up leaving with the following deal on the table.   $450/mo, 0 drive off, 12k, 36 mo.   Plus they are going to cut me a check to pay off the remaining balance on my lease which is about 2k. I thought that was a pretty good deal. One of my big reservations is that the servicing is not included with Lexus and I have friends that pay hundreds of dollars for their scheduled maintenance. The dealer said he would somehow compensate for that by discounting the car...   here are the numbers they came up with.... sale price of the car was 33,558 mf: .00175   not sure what the residual was...i believe about 61% or so   My reservations are that im not THAT crazy about the drive.. the only car they had on the lot that was no nav was silver which i didnt want. (the sales person told me if I got that deal it had to be on that exact car)   However, its a very nice car and the payments are in my price range...i feel like i would get really screwed returning my car to BMW in 6 months if i didnt take this deal. (with the mileage and the front bumper is loose and the fog light is busted from running over a muffler on the freeway)   What do you think??   Thanks to anyone with any advice to lend... Replies to this message: kyfdx (Jan 27, 2008 7:28 pm) ahoward2 (Jan 27, 2008 9:26 pm)
#487 of 1165 Re: IS 250 Lease [ahoward2] by kyfdx HOST Jan 27, 2008 (7:28 pm)
Replying to: ahoward2 (Jan 27, 2008 10:49 am) A couple of things..   It doesn't sound like they are taking your car in trade.. If they are cutting you a check to payoff the rest of your lease, then you still have to turn your car back into BMWFS... and will still have to pay for the bumper and fog light..   Also, it doesn't sound like you really like the car.. If you are trying to save money, you can lease an Acura TSX for well under $400/mo..   Good luck! Replies to this message: ahoward2 (Jan 27, 2008 9:26 pm)
#488 of 1165 Re: IS 250 Lease [kyfdx] by ahoward2 Jan 27, 2008 (9:26 pm)
Replying to: kyfdx (Jan 27, 2008 7:28 pm) Yea...i looked at both of those and i liked the IS more than the TSX...the only other thing i liked more than that IS was the 328 coupe with was out of my price range...Yea I realized that today (that they weren't taking in the vehicle in as a trade) so I'm wondering if you think they would consider doing that.   Given the deal I outlined above, do you think that is a pretty reasonable deal to go through with??   Thanks..
#489 of 1165 My First Lease ? by bubbatree Jan 27, 2008 (10:09 pm)
Seattle area dealer is quoting loaded IS250 MSRP 34085 plus 6170 in options, 36 months 30000 miles; 8.9% tax, 7000 down, residual of 24201. Have never leased before. What do you say? Deal or No Deal? Replies to this message: Car_man (Jan 30, 2008 2:34 am) bubbatree (Jan 30, 2008 6:16 am)
#490 of 1165 IS350 Lease by coby03 Jan 28, 2008 (3:59 am)
Car_Man or kyfdx,   Any thoughts on the lease terms I received from the dealer? From what I saw on earlier posts, the MF of 0.0024 looks high. Is the 36mo/12K RV 55% correct? Thanks.   Ken Replies to this message: Car_man (Jan 30, 2008 2:41 am)
#491 of 1165 Re: Current MF [avex] by Car_man HOST Jan 29, 2008 (4:00 am)
Replying to: avex (Jan 08, 2008 9:06 pm) Hi avex. Lexus Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus IS 350 with 15,000 miles per year are .00210 and 53%, respectively for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#492 of 1165 Re: Current MF [the_bull] by Car_man HOST Jan 29, 2008 (4:03 am)
Replying to: the_bull (Jan 10, 2008 1:56 pm) Greetings to the_bull. According to the latest information that I have seen, Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus IS 250 AWD with 12,000 miles per year are .00140 and 57%, respectively for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#493 of 1165 Help on 250IS lease in California by usc1 Jan 29, 2008 (11:44 pm)
Dear Carman or The Bull--   In immediate market for a lease on a black on black 250 IS w/navig.+ Bluetooth   Santa Monica Lexus gave these terms;   invoice just under $39,000--which they would discount to $35,314   3 year lease 12,000/yr $5000 down + another $1000 for drive off fees--total $6k   Monthly $396.07 including tax   Residual $21,838   Any thoughts,   time is of the essence Replies to this message: Car_man (Jan 30, 2008 2:49 am)
#494 of 1165 Re: Current MF [gardner5236] by Car_man HOST Jan 30, 2008 (2:16 am)
Replying to: gardner5236 (Jan 10, 2008 4:37 pm) Hi gardner5236. The last time that I checked, I believe that consumers needed to have a score of 730 or above to qualify for Lexus Financial Services' Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#495 of 1165 Re: ?????????????? [the_bull] by Car_man HOST Jan 30, 2008 (2:20 am)
Replying to: the_bull (Jan 11, 2008 10:32 am) Hey the_bull. I just answered your question a couple of posts ago. Please check there for my response and let me know if you have any other questions.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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