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Prices Paid: Buying & Leasing Experiences 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
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Replying to: fbueller (Aug 04, 2008 3:10 am) Once you are comfortable with the selling price, make sure that the dealer is using Lexus Financial Services' buy rate lease money factor to calculate your car's monthly payment. I believe that LFS' buy rate for a 36 month lease of an '08 IS 250 RWD AT is currently around .00055 for consumers who qualify for its Tier 1+ credit tier. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: blacktypes (Aug 04, 2008 6:25 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 08, 2008 1:37 am) Does the 54% residual for 36 months and 12k change with NAV? Also, do you have the residual for 24 months and 12k with NAV? My dealer told me that they could not do a 24 month lease with less than 15k miles. Thanks!
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When I purchased my 2006 IS350 (18in wheels, premium package, preferred accessories) MSRP 38234, my cap cost was 35988. The residual is 22175 on a 36mo/12000mile lease, or 62%. My paperwork from Lexus lists a "Rent Charge" of 6245 which I assume is equivalent to interest. How do I convert this rent charge to a money factor. No money down monthly payment is $575 w/o tax Did I get a fair deal or should I never go to this dealer again? Thanks.
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Replying to: emelkun (Aug 15, 2008 10:09 am) the residual is a percentage of MSRP, not cap cost. so actually your residual was 58%. something doesnt exactly add up from your numbers but your money factor was in the range of 0.003 to 0.0033. Or ~ 7.2% to 7.92% . Rent Charge = (Net cap cost + residual )* MF *36 or MF = Rent Charge / ( (Net cap cost + residual )*36) |
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HI, This is the deal that I got from my dealer for an IS 250 AWD: The Luxury package The Premium package The Navigation Package Ipod-Interface kit weather tech floor mats preferred accessory package rear lip spoiler XM Radio MSRP: 42,000 Ca Cost: 39,000 Money Factor: .00107 12 k miles for 48 months I got it for 530 a month (taxes included) with the dealer making my first payment. Total out of pocket was 87 dollars for license plates. What do you think? Was it a good deal? |
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Replying to: friedmike (Aug 14, 2008 5:04 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I don't have exactly all the numbers but I am getting an 08 IS250AWD with premium Package and Navigation for 36 mos/12k yr for 459 month including NY sales tax. Out of pocket includes first month, 600 app fee and dmv fees. How does this sound?
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Replying to: sunofny99 (Aug 20, 2008 1:00 pm) Model: IS250 AWD With Navigation, Prem Pkg, Spoiler, HID MSRP: 39,738 Cap: 35,510 Residual: 54% MF: .0006 Total Out of pocket: $1,088 (first month, bank and dmv fees) Monthly - $459 including tax
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I intend to buy my leased IS 250 when the lease ends in 2 months. When I purcahsed my BMW at the end of its lease, I was able to: 1) turn it in to BMW Financial Services 2) Have a dealer buy it from BMW FS for less then the residual and 3) sell it back to me for the residual. In the process the car was certified for "free" as a CPO (extra warranty) and I got a promo financing rate. I was hoping to get some info on whether Lexus dealers are able to purchase turned-in leased cars from Lexus Financing Company (or whatever the name of this company is) for less then the lease residual to either get a lower price then the residual or extended warranty or promo financing. I contacted 2 fleet managers at local Lexus dealerships but both said that I should just buy the car directly from the Lexus Financing Co. However, I am not sure that they fully understood my question. I'd appreciate any insight on this issue. |
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