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Lexus IS 250 / IS 350 Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#685 of 1166
Re: Current Rates [gb350] by Car_man HOST
Jun 10, 2008 (2:42 am)
Reply

Replying to: gb350 (Jun 04, 2008 9:43 am)

Hi gb350, According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor for the 2008 IS 250 AWD is .00135 for consumers who qualify for its "Tier 1+" credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#686 of 1166
Re: IS350 lease quote - something seems amiss... [stacy44] by Car_man HOST
Jun 10, 2008 (2:53 am)
Reply

Replying to: stacy44 (Jun 09, 2008 7:39 pm)

Hi stacy44. The money factor that you were quoted definitely looks high to me. The last time that I saw it, Lexus Financial Services' buy rate for a 36 month lease of a 2008 IS 350 was .00185 for consumers who qualified for its "Tier 1+" credit tier.
 
As far as the selling price that you were quoted goes, I am not personally all that familiar with what the market is like for the '08 IS 350 right now, but in general the new car market is the worst that it has been in more than a decade. If you are in an area that has a decent level of competition, I personally would not be surprised if you were able to negotiate a price that's fairly close to dealer invoice. Try stopping 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
#687 of 1166
Re: IS350 lease quote - something seems amiss... [Car_man] by stacy44
Jun 10, 2008 (3:30 am)
Reply

Replying to: Car_man (Jun 10, 2008 2:53 am)

Thanks very much, Car_man. I'll visit the other forum and if I pursue this deal, I'll post back what I'm able to negotiate.
#688 of 1166
RE by tomcimo
Jun 10, 2008 (4:48 am)
Reply

Replying to: kingpcgeek (Apr 25, 2008 2:47 pm)

Can someone tell me the BEST DEALER in NY/NJ to get an IS350 for invoice? The NJ dealers seem only to want to knock off 2000 or so off MSRP which isnt good enough in my opinion. Thanks!
#689 of 1166
I need HELP by alexccs
Jun 10, 2008 (2:25 pm)
Reply
Hello everybody, this is my first time leasing so i dont know how everything works... i am in the market for an Lexus IS250 w/ Nav. Black on Black. I am willing to put $3000.00 down and i would like my monthly payment no more than $350.00. Is this possible..... IThe term would be 36mos. 12K per year??? If i do it for 48mos, 12K would be cheaper??????I live in Tampa Bay Area.
Thank you
#690 of 1166
is250 rwd lease offer by emadrigal
Jun 10, 2008 (4:34 pm)
Reply
Hi everyone, I have just received a quote , let me know how if this is reasonable
 
lexus is 250 rwd
luxury package, HID, heating and cooling seats, 18" wheels + NAVI
15,000 miles
36 Mo.
+1300 (includes tax and first month payment)
$480
 
I'm looking for no money down. $450 Mo. is that unreasonable
#691 of 1166
Re: june mf and residual [tritan84] by Car_man HOST
Jun 11, 2008 (1:19 am)
Reply

Replying to: tritan84 (Jun 10, 2008 2:24 am)

Hi tritan84. Lexus' lease program for these cars varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. According to the latest information that I have seen, in most areas Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 IS 250 2WD with 15,000 miles per year are .00135 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier. The numbers for an otherwise identical lease of an '08 IS 350 are .00185 and 52%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#692 of 1166
Re: IS350 lease quote - something seems amiss... [stacy44] by Car_man HOST
Jun 11, 2008 (1:20 am)
Reply

Replying to: stacy44 (Jun 10, 2008 3:30 am)

You're very welcome, Stacy. good luck in your negotiations.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#693 of 1166
Re: I need HELP [alexccs] by Car_man HOST
Jun 11, 2008 (1:57 am)
Reply

Replying to: alexccs (Jun 10, 2008 2:25 pm)

Welcome alexccs. Since you are new to the world of 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.
 
I see that you are considering making a $3,000 down payment on your lease. I personally always advise consumers against making large down payments on leased vehicles. Those who do so risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be slightly higher.
 
A 48 month lease on this car would provide you with a lower monthly payment, if you go with this term you obviously will be committed to your car for a year longer than if you had signed up for a 36 month lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#694 of 1166
Re: Memorial Day Lease [spagball] by josephrond
Jun 11, 2008 (10:49 am)
Reply

Replying to: spagball (May 27, 2008 12:01 pm)

Why was your out of Door amount $3,350 if you only put $500 down. What else is Lexus charging you for in that amount?

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