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Lexus IS 250 / IS 350 Lease Questions

812 messages,  Last post on Sep 25, 2008 at 6:16 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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#93 of 812 First quote by timecurve Apr 25, 2006 (7:18 pm)
Got a quote from Arlington Lexus in Palatine, IL:   IS250 RWD with MT + Premium Package $32064 - $5500 trade in 58% residual 0.00265 MF 36 mo 15K miles Total: $399/mo (tax included)   Not sure if a few other fees are included like security deposit, aquisition fees, etc. This seems to be right on the money, same numbers pretty much that most lease calculators give on this values.   I was told that Base model without any package will be hard to get, up to 90 days waiting period. I also wanted 18in wheels, but looks like they only available for RWD AT or AWD trim. Strange...
#94 of 812 Please Help Sounds Right? by cc12359 Apr 30, 2006 (11:47 pm)
IS350, through Lexus 3 yrs 36k miles MSRP $43909 Cap Cost $40500 Down :$1292 Money factor .00195 Monthly payment $571 + tax $49 Residual $26500
#95 of 812 Re: IS250 18,000 mile residual? [riemu7] by Car_man HOST May 01, 2006 (2:35 am)
Replying to: riemu7 (Apr 01, 2006 2:36 pm) Hi riemu7. the highest mileage allowance that Lexus Financial Services publishes residual values for is 15,000 miles per year. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.   Car_man Host Smart Shopper / Prices Paid Forums
#96 of 812 Re: IS250 RWD Leasing Questions [stalnaker] by Car_man HOST May 01, 2006 (2:43 am)
Replying to: stalnaker (Apr 01, 2006 7:01 pm) Greetings Ernest. I would be happy to answer any questions that you have. Keep in mind though that Lexus' current lease program is only scheduled to run through June 30th. If you lease your new car after that date, its lease program will be different. If you were to lease a 2006 Lexus IS 250 2WD with an MSRP of $33,234 and a selling price of $33,234 through Lexus Financial Services right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $522. You are correct, paying for your entire lease in advance reduces its money factor by .00100. If you chose to do this, your vehicle's monthly payment would drop to around $470, for a total advance payment of around $16,889 before tax.   The December to Remember sales event is an excellent time to lease a new Lexus. Over the past several years Lexus has offered very attractive money factors on its vehicles at the end of the year. If I was in the market for a new Lexus now, I certainly would not wait until then to get one. However, if I was considering a Lexus later on this year I probably would.   Car_man Host Smart Shopper / Prices Paid Forums
#97 of 812 Re: IS 350 Leasing Question [autobrowser] by Car_man HOST May 01, 2006 (3:05 am)
Replying to: autobrowser (Apr 02, 2006 6:44 pm) Hi Don. If you were to lease a 2006 Lexus IS 350 through Lexus financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00255 and 58%, respectively. The money factor would be the same for a lease with only 12,000 miles per year, but the residual value would increase by 2%. The aforementioned money factor assumes that you qualify for LFS' Tier 1+ credit tier.   Car_man Host Smart Shopper / Prices Paid Forums
#98 of 812 Re: IS250 Residual Question [cybercar] by Car_man HOST May 01, 2006 (3:08 am)
Replying to: cybercar (Apr 04, 2006 4:37 pm) Hello Mario. According to the latest information that I have seen, if you were to lease a 2006 Lexus IS 250 2WD through Lexus Financial Services in most areas right now for 48 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00255 and 48%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. The aforementioned money factor assumes that you qualify for LFS' Tier 1+ credit tier.   Car_man Host Smart Shopper / Prices Paid Forums
#99 of 812 Re: current offers [realtorgrl] by Car_man HOST May 01, 2006 (3:17 am)
Replying to: realtorgrl (Apr 07, 2006 5:00 pm) Hi realtorgrl. I am not personally all that familiar with what the market is like for the Lexus IS right now, but you should be able to get a good idea of what sort of selling price you can negotiate for the car that you want by visiting the following discussion: "Lexus IS 250/IS 350: Prices Paid & Buying Experience".   Let's work up a sample lease payment on the car that you are considering and see what we come up with. According to my calculations, if you were to lease a 2006 Lexus IS 250 AWD with an MSRP of $35,690 and a selling price of $34,500 through Lexus Financial Services right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $525. A $3,000 down payment would reduce this car's monthly payment to around $434. However, I normally advise consumers against making large down payments on leases. I do so because if your leased vehicle is totaled or stolen your down payment essentially disappears.   Car_man Host Smart Shopper / Prices Paid Forums
#100 of 812 Re: Generic Lease questions [kgk3] by Car_man HOST May 01, 2006 (3:17 am)
Replying to: kgk3 (Apr 07, 2006 5:29 pm) Hi kgk3. Vehicles' residual values are set in stone and individual dealers do not have the authority to alter them. Vehicles' money factors are a little different. Dealers do not have the authority to lower banks' published buy rate lease money factors for vehicles. However, dealers often have the authority to "mark-up" vehicles' money factors to add additional hidden, back-end profit to deals. If you are going to lease a 2006 Lexus IS 350 through Lexus Financial Services right now, make sure to insist that the dealer uses its current buy rate of .00255 to calculate your car's lease payment. This factor assumes that you qualify for LFS' Tier 1+ credit tier. If you don't your factor will be a little higher.   Car_man Host Smart Shopper / Prices Paid Forums
#101 of 812 Re: IS mine now! [riemu7] by Car_man HOST May 01, 2006 (3:22 am)
Replying to: riemu7 (Apr 09, 2006 5:07 am) Congratulations on your new car, riemu7. Thanks for taking the time to share the details of your deal with everyone. Enjoy!   Car_man Host Smart Shopper / Prices Paid Forums
#102 of 812 Re: Residual [ben833] by Car_man HOST May 01, 2006 (4:10 am)
Replying to: ben833 (Apr 14, 2006 3:19 pm) Hi ben833. The residual value that you were quoted in April is only 1% lower than the one that you were quoted last month. A one percent drop in vehicles' residual values from month to month is fairly common. Unfortunately, banks will not negotiate vehicles' residual values. I am not sure of the exact credit score that is need to qualify for Lexus' Tier 1+ credit tier, but I suspect that it is around 730 or so.   Car_man Host Smart Shopper / Prices Paid Forums

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