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Lexus IS 250 / IS 350 Lease Questions

1166 messages,  Last post on Dec 06, 2009 at 10:52 PM

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

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#492 of 1166 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 1166 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 1166 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 1166 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
#496 of 1166 Re: IS350 Lease Questions [coby03] by Car_man HOST Jan 30, 2008 (2:29 am)
Replying to: coby03 (Jan 25, 2008 4:01 pm) Hi coby03. The money factor that you were quoted for this car looks a little high to me. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor for a 36 month lease of a 2008 Lexus IS 350 is only .00210 for consumers who qualify for its Tier 1+ credit tier. Make sure that the dealer you are working with uses this factor to calculate your monthly payment.   As far as the selling price that you were quoted goes, the IS 350 that you are interested in probably has a spread of just under $5,000 between its full MSRP and its dealer invoice price. You were quoted a discount of just under $2,900. That puts you at a little over $2,000 over invoice. That's enough room that it wouldn't hurt to comparison shop with another Lexus dealer or two in your area. I'm not saying that you will definitely be able to beat this price, but it is worth a shot. Also, make sure to stop by the "Lexus IS 250 / IS 350 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#497 of 1166 Re: My First Lease ? [bubbatree] by Car_man HOST Jan 30, 2008 (2:34 am)
Replying to: bubbatree (Jan 27, 2008 10:09 pm) Greetings bubbatree. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   The first thing that I noticed about the deal that you were quoted is the massive down payment. It is definitely not a good idea to put $7,000 down on a lease. Consumers who make large down payments on leased vehicles risk losing part or all of their money if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you would be much better off going with a zero down lease.   I am sure that myself or some of the other community members who frequent this discussion would be happy to give you an opinion on this deal, but your post is missing some important information. The most important is obviously this car's monthly payment. Also important is its selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this car's selling price, it is difficult to tell how good a deal you are getting.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: bubbatree (Jan 30, 2008 6:16 am)
#498 of 1166 Re: IS350 Lease [coby03] by Car_man HOST Jan 30, 2008 (2:41 am)
Replying to: coby03 (Jan 28, 2008 3:59 am) Hey Ken. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Lexus IS 350 with 12,000 miles per year are .00210 and 55%, respectively for consumers who qualify for its Tier 1+ credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#499 of 1166 Re: Help on 250IS lease in California [usc1] by Car_man HOST Jan 30, 2008 (2:49 am)
Replying to: usc1 (Jan 29, 2008 11:44 pm) Hi usc1. When you said in your post that this car's invoice is just under $39,000, I assume that you meant that was its MSRP. This car has a spread of right around $5,000 between its full MSRP and its dealer invoice price. The $3,686 discount that you were quoted is probably around $1,300 or so over invoice. This isn't bad, but you are in the ultra-competitive California market so it probably wouldn't hurt to shop around to see if you can beat this offer by a couple hundred dollars. Make sure to stop by the "Lexus IS 250 / IS 350 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.   Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your car's monthly payment using its buy rate lease money factor. Lexus Financial Services' current buy rate for a 36 month lease of a 2008 Lexus IS 250 2WD is .00135 for consumers who qualify for its top credit tier.   One aspect of this deal that troubles me is the large down payment. I always advise consumers not to make large down payments on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you would be better off going with a zero down lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#500 of 1166 Re: My First Lease ? [Car_man] by bubbatree Jan 30, 2008 (6:16 am)
Replying to: Car_man (Jan 30, 2008 2:34 am) Sorry about the missing info! The selling price should be $39500, and I want to keep my total payment under $500. Dealer says it's $485, including tax. Thanks for any insight!
#501 of 1166 CA Lease Evaluation by matchframe Jan 31, 2008 (12:02 pm)
Here's the deal:   IS 250 RWD Premium Plus (18" wheels) Nav with audio system HID Headlamps   .00135 MF $34,597 sale price plus tax 57% residual value 36month/12k mile per year lease   thanks for any input! Replies to this message: tomatosaenz (Jan 31, 2008 12:31 pm) matchframe (Jan 31, 2008 1:22 pm)

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