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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
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Hi, I just want to share with you my price and experience with a dealership. I requested a quote from Edmunds, and got the response from one of dealer in NJ. MSRP: $37709 (HID, All Weather Mat, Trunk/Cargo PKG, Premium Plus, Spoiler) Dealer Offer Price: $33395 MF: 0.0006 / Residual 54% at 12,000 Initial Payment: 1493.04 (Bank Fee 600 + MV + Rec Fee 200) Monthly 424.03 Originally, I went to buy it with finance 2.9%/48Mo, then I compare that Total costs of "Lease then Buy" and "Buy". They were not much different if I put my original down payment in CD or MMA, and hope to grow it by end of lease term. I am intend to pay extra amount to my saving account, just like I would pay for monthly payment for finance. Thanks to current MF which is being so low. Dealer said, Lexus don't negotiate the residual value after end of lease. At least, for now, I have some leverage to change my mind if I don't want to keep this car. I ended up leasing it because MF was lower than Finance APR. I will post more on the Lease forum.
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Replying to: totowa (Aug 27, 2008 8:01 am) MF: 0.0006 Initial Payment: ~1400 Monthly: $420 for 26 months, 12k miles |
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| When I was shopping around for my 08 Is 250 w' premium package I wanted to lease, i got some decent deals but the best was from this salesman in the OC. I actually ended up just buying my car cause I felt I wanted to keep it for longer and even then I got it for not much more than dealer invoice from the same guy. Thousands below MSRP even after all the taxes and stuff. I even live literally down the street from Longo Toyota and walked out of there, TWICE cause they were trying to rip me off. | |
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I picked up my IS250 on Sat. Aug 30 in SoCal. MSRP 39,178 Cap Cost 33,781 mmf 0.00055 36 months, 12k/yr drive off $1000.00 total residual 21156 payment $422.00 including tax IS 250 includes NAVI, HID lighting system, Prem pack, X Package, net,mat,locks, and rear bumper applique Smokey Granite/with gray interior
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good pick. I had picked up my is250 smokey granite on June 28th Premium Package HID sport package heating and cooling seats NAVI Light grey leather interior $1200 down 15k miles 36/months lease $480/month including tax I was not tier 1 credit , but if I was the lease payment would have been in the low $400's
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Replying to: emadrigal (Sep 04, 2008 5:59 am) |
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I have a 39 months lease of an IS250 ending on 02/09 for a total of 39k miles costing 25 cents the extra mile, right now I'm around 44k miles. What it's the best move I can do? People told me to go to the dealer and try to renegotiate and take another lease others to buy the car??  The purchase payoff estimator by Lexus Financial is $21,276.33 Thank you for any advise...
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Replying to: frank83 (Sep 03, 2008 10:58 pm)
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Replying to: masn (Sep 05, 2008 11:32 am) One caveat on your lease payoff. Depending on what state you are in, there might be two payoffs. The first would be a consumer payoff if you bought the car, which would include sales tax. The other payoff would be a dealer payoff that has no sales tax. If your monthly payment includes sales tax then there are two payoffs, and hopefully you received the consumer payoff. |
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Can someone please post the money factor and residual % for the month of September based on the IS 250 AWD base model with 15,000 miles and for 24 and 36 month lease term.
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