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Lexus IS 250 / IS 350 Lease Questions

1165 messages,  Last post on Nov 17, 2009 at 6:18 AM

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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#771 of 1165
Re: 2008 IS250 RWD Money Factor [tbone6964] by Car_man HOST
Aug 04, 2008 (2:33 am)
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Replying to: tbone6964 (Jul 26, 2008 9:41 am)

Yes, tbone6964, Lexus did enhance its lease program for most models on July 25th. You never mentioned how long you want to lease for or what mileage allowance you need, 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. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of an '08 IS 250 RWD with an automatic transmission and 15,000 miles per year are .00055 and 52%, respectively in most of the country for consumers who qualify for its Tier 1+ credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#772 of 1165
Re: [planky] by Car_man HOST
Aug 04, 2008 (2:41 am)
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Replying to: planky (Aug 01, 2008 6:02 am)

Planky, Lexus Financial Services' residual values are exactly the same in August as they were in July.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#773 of 1165
Re: [fbueller] by fbueller
Aug 04, 2008 (3:10 am)
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Replying to: fbueller (Aug 01, 2008 9:06 am)

I still didn't get a response to my question, probably because the costs were split by a page break. I hate to repost but the answers on separate pages kind of messed up my question. So to recap -
 
I just ran the paperwork and was quoted an 08 IS250 RWD with premium package (heated/perf seats/woodgrain center trim) and a spoiler. MSRP of $34,359. I negotiated a lease at 12k miles, 36 months, $2,000 down and $329 a month plus tax ($354 total monthly when CA tax included, in Los Angeles).
  
Vehicle value on the leasing paperwork is $30,421.56. Gross capitalized cost is 31,066.26. Option to buy at the end of the lease is $18,745.
 
Can anyone comment if this is a good deal? Thanks!
#774 of 1165
August Leasing (Car_man) by blacktypes
Aug 04, 2008 (6:25 am)
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Car_man,
 
 I'm looking to lease an '08 IS 250 RWD with automatic transmission for 36 months and 12k miles per year in the NYC area. I read up top that current MF is: .0050, can you tell me what percentage the current residual is?
 
  Thanks
#775 of 1165
Is this a good deal? by jitters503
Aug 04, 2008 (11:54 am)
Reply
Hi. I live in NY. I just chewed a salesman down to this for an 08 IS250AWD for Adaptive front lights, Navigation, and spoiler.
 
2416.90 up front for taxes, fees, and 1st payment
$430 per month for 36 months
10K miles per year.
 
Good???
#776 of 1165
Re: Is this a good deal? [jitters503] by kingpcgeek
Aug 04, 2008 (12:00 pm)
Reply

Replying to: jitters503 (Aug 04, 2008 11:54 am)

How would we know? You didn't mention the price of the car.
#777 of 1165
Re: Is this a good deal? [kingpcgeek] by jitters503
Aug 04, 2008 (12:15 pm)
Reply

Replying to: kingpcgeek (Aug 04, 2008 12:00 pm)

MSRP 39,585 w/o spoiler.... they were gonna throw that in.
#778 of 1165
Re: Is this a good deal? [jitters503] by kingpcgeek
Aug 04, 2008 (12:22 pm)
Reply

Replying to: jitters503 (Aug 04, 2008 12:15 pm)

That is not what you are paying for the car, that's the sticker price.
 
I'm going to cut and paste my "Is it a good deal speech now":
 
If will take some time to read this forum or any leasing forum you will find that no one can tell whether a lease is a good deal without knowing the price of the car that the dealer is selling you. If you only negotiate the price of a lease payment you open yourself to getting into a bad deal.
 
You need:
 
Publicly Available Items
MSRP
Invoice Price
Current Manufacturer Residual
Current Manufacturer Lease Factor
 
Items particular to your deal
Selling price (in these car buying times you should be around invoice on most cars)
Lease factor dealer is quoting you (dealers can mark this up)
Dealer doc fees
Local sales tax, and whether you pay up front or every month.
Out of pocket money up front.
#779 of 1165
Re: Is this a good deal? [kingpcgeek] by jitters503
Aug 04, 2008 (12:41 pm)
Reply

Replying to: kingpcgeek (Aug 04, 2008 12:22 pm)

Errr... ok. All I got was the 55% Residual, and Lease factor of .007.
#780 of 1165
Re: Is this a good deal? [jitters503] by kingpcgeek
Aug 04, 2008 (12:57 pm)
Reply

Replying to: jitters503 (Aug 04, 2008 12:41 pm)

It won't be a lease facotr of .007 that's a 16.8% interest rate. .0007 would be more like it at 1.68%. I am pretty sure the standard Lexus rates is .00055 so the dealer is marking it up. You can always ask them.

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