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Prices Paid: Buying & Leasing Experiences Lexus IS 250 / IS 350 Lease Questions
789 messages, Last post on Aug 21, 2008 at 8:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi I am wondering if anyone had any thoughts to this deal. It is the Dallas area: 48 month lease/ 12000 miles msrp: 36,108 sale price 34,108 Money factor: ,00218 Ris 47% (low???) 493 a month 620.55 (includes 1st month payment, taxes and fees) Also this includes a tax credit Thanks..
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Replying to: car5221 (May 24, 2008 8:33 pm) Price is at least $2000 to high. Shoot for invoice or a bit under depending on money from the factory. Check the new car TMV here for invoice and TMV. Money factor is to high. This is based on credit rating and may be acceptable. Term is to long. No more than 36-39mos. Residual is set by the bank/Lexus.
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Replying to: colotj (May 25, 2008 12:59 pm) |
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I'm located in Sothern California. I'm a first time leaser and yesterday I was offered a 08 Lexus IS250 lease that seems like a fair deal. I was kinda wondering what people think. My fico is 663 tier 2 financing i guess. Smoky Granite with Nav. 48 month lease 12k 3000 down Total payment $430 including taxes. Thx for any feedback |
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FYI here is what I did over the memorial day weekend. IS 250 AWD w/ HID Headlamps, Premium Plus Package, cargo net, mats, wheel locks. 36 mos, 10,000 miles Smokey Granite Mica MSRP: approx $36,675 Paid: 32,634 Down: $500 Out the Door: $3,350 (this included MD sales tax) Money Factor: .00134 Monthly Pmt: $379
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Hi everyone, this is my first post. I am in S. Florida, talking with several dealers here. On an IS 350, w/ luxury plus package, nav system, on a 48 month lease, told that residual value is 45% (which seems low to me) -- I was quoted $565 /mo (includes tax) with $1500 down, 12k. I think I can do better. Anyone have input? I appreciate the help. I have also been quoted $579 per month -- sign and drive -- doesn't include tax 36 mos. Also, is it a bad idea to lease for 48 mos?
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Replying to: tony3000 (May 28, 2008 2:18 pm) Most will tell you that is a bad idea to lease 48 months. I think a lot of that comes from don't lease longer then the car's warranty, with most cars at 3 years. Since the Lexus has a 4 year warranty I don't think it is that bad. My IS250 is a 4 year lease I thought at that time that was the best deal I could get, they were selling at sticker when I leased it. My G35 is at 39 months since that was the best dealer Infiniti was offering. One thing to think about, most Lexus leases have a sweet spot at 36-39 months. If the dealer is offering a 48 month lease there is a good chance it is not from Lexus. My 48 month IS250 lease is US Bank. I wish I knew what I did now back then because I am sure I could have gotten a much better deal. Almost always the manufacturer is going to have better lease terms. |
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Okay, what about this deal (S. Fla)? IS 350, Luxury Plus Pkg.-- Sales price=$38,247 15k miles, 48 mos, $1500 down, 45% residual, money factor .0015 Don't know whether this includes title, acquisition and security fees-- should it? $561.84/mo. (incl. tax)
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Replying to: Car_man (May 16, 2008 4:18 am) Thanks!
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Replying to: tony3000 (May 28, 2008 4:40 pm) Check out http://www.leaseguide.com/ it helped me quite a bit. |
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