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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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#663 of 1165 48 month lease IS 350 by tony3000 May 28, 2008 (1:18 pm)
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? Replies to this message: kingpcgeek (May 28, 2008 2:27 pm)
#664 of 1165 Re: 48 month lease IS 350 [tony3000] by kingpcgeek May 28, 2008 (2:27 pm)
Replying to: tony3000 (May 28, 2008 1:18 pm) No one is going to tell you if it is a good deal until they see what the deal is. Never lease a car based on payment. You need to know the purchase price, residual and money factor to see if you are getting a good deal.   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.
#665 of 1165 IS 350 Lease by tony3000 May 28, 2008 (3:40 pm)
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) Replies to this message: spagball (May 29, 2008 1:49 pm)
#666 of 1165 Re: May Rates [Car_man] by car5221 May 28, 2008 (5:36 pm)
Replying to: Car_man (May 16, 2008 3:18 am) Do you know the May rates for an IS 250 for 48 months 12,000 miles. Tier one + Thanks! Replies to this message: lepia (Jun 02, 2008 9:15 am)
#667 of 1165 Re: IS 350 Lease [tony3000] by spagball May 29, 2008 (1:49 pm)
Replying to: tony3000 (May 28, 2008 3:40 pm) Based on my lease kit, at 48 mos, 15k your residual should be 51%. So you might be getting shorted there. I would really recommend you only do a 36 mon. deal to keep it under warranty. You can see from my recent deal for a 250 you could do much better on the sales price and $ down. $561 seems pretty steep, considering the market.   Check out http://www.leaseguide.com/ it helped me quite a bit.
#668 of 1165 preliminary stats by cmunger2 May 29, 2008 (6:43 pm)
Looking for intelligent counters to the following (initial) price tag on a 2008 IS 250 AWD with NAV and Xenon in Pennsylvania (i backed into some of these): MSRP: $39,544 Gross Cap: $37,000 Net Cap: $33,000 Residual: $22,144 Term: 36 months Miles: 12,000 per Money Factor: .001958 Sales Tax: 7% Monthly payment including tax: $474   Clearly, I'm not going to pay this. Any thoughts are appreciated.
#670 of 1165 Is this good?? by bmwconvt May 31, 2008 (1:43 pm)
Hi all,    I was just quoted this... is it good? I'd like to get as close to $300 per mo. as possible... Thanks, D    IS250 RWD 36 months/15,000 miles per month $359 per month * $3,459 due at signing *tax, title and fees not included    RWD IS250: Matador Red Mica with Cashmere interior. It also has the Rear Lip Spoiler, Wheel Locks, Cargo Net, Trunk Tray and All Weather Mats.
#671 of 1165 Dealership said money factors are going up by sephiac Jun 01, 2008 (9:13 am)
Hi Everyone,   The Lexus dealership I've been working with told me that if I don't give them a verbal commitment over the phone today to buy a IS350, the interest rate I've been quoted on a lease (about 6.24%), will go up by a point starting tomorrow and will last till September. I suspect this is just a ploy to buy this car now, but I just want to make sure.   Also, is this an acceptable offer for a IS350? Original MSRP about $44,500 IS350 36 months/10,000 miles per month $528 per month $2500 down payment 3% tax, title and fees are included approx 6.24% interest rate (.0026 money factor)   Thanks for your help! Replies to this message: akhi2006 (Jun 02, 2008 7:53 am)
#672 of 1165 Any Help Would Be Greatly Appreciated by bigplaya Jun 01, 2008 (5:11 pm)
I was just offered the following deal on an IS250 lease in the S.F. Bay Area, but I suspect that I can do better:   IS250 RWD Auto, Smoky Granite Mica w/ Sterling Leather Interior 18" Wheels Navigation Premium Package Rear Bumper Appliqué Cargo Net Trunk Mats Wheel Locks   MSRP: $37,439 Sale Price: $33,777 Total Initial Payment: $1,471 Monthly Payment: $441.93 + Tax Money Factor: .00175 (Dealer states that I qualify for Tier 1+ Credit) Residual: $21,340.23

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