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Lexus IS 250 / IS 350 Lease Questions

1313 messages,  Last post on Mar 18, 2010 at 1:47 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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#944 of 1313
Re: 399/Mo. Lease [jpp5862] by Car_man HOST
Mar 16, 2009 (4:13 am)
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Replying to: jpp5862 (Mar 05, 2009 11:00 am)

Ahhhh, jpp5862, see my previous post for the 36 month numbers. The 39 month numbers are .00135 and 50%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#945 of 1313
Re: Lease deal 2/28/09 [cpa3] by greeneyespsu
Mar 16, 2009 (4:14 am)
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Replying to: cpa3 (Mar 14, 2009 5:14 pm)

cpa3--
I'm not following. You said you find the numbers I got hard to believe. As in they're too high or too low? You said your CAP is .0007, and I assume you mean MF? Was this the standard MF you were given or did you pay it down with MSD? What dealer did you go with? I've been talking with Keyes (where I got the quotes), Santa Monica, and Cerritos. Thanks!
 
Does anyone know what the min MF is for Lexus? I haven't been able to find it anywhere and was wondering what I could expect if I pay the max MSD (how many does Lexus allow? I know BMW allows 7 over the required). Thanks so much everyone!
#946 of 1313
Re: Lease cost NY or NJ [fairwayflyer] by Car_man HOST
Mar 16, 2009 (4:15 am)
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Replying to: fairwayflyer (Mar 06, 2009 2:12 pm)

Hi fairwayflyer. I would be happy to work up a sample lease payment on the specific car that you are interested in for you. However in order for me to do so I need you to provide me with its full MSRP and approximate selling price (the invoice price will work if you don't have a selling price). You can look up that info right here at Edmunds.com: New Vehicle Pricing.
 
Let me know what this information is and I'll crunch some numbers for you.
 
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Prices Paid: Buying & Leasing Experiences Forum
#947 of 1313
Is this a good deal?? by greeneyespsu
Mar 17, 2009 (8:40 pm)
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I got a new offer (different dealer) in SoCal today on an IS250 lease. PLEASE let me know ASAP if this is a good deal.
 
IS250 RWD with prem and navi
36mo/12k
MSRP $37,656
Selling price $32,548
MF .0001 (reduced to minimum with 8 MSDs) which is .24% interest
Drive off: $4598.58 ($3200 is MSD which I will get back at lease end, rest is first month and fees)
$391.83 per month including tax
 
Total cost of lease (minus $3200 security): $15112.63
Residual: $19581.12
 
Thanks!
#948 of 1313
Re: Is this a good deal?? [greeneyespsu] by adamly
Mar 17, 2009 (9:47 pm)
Reply

Replying to: greeneyespsu (Mar 17, 2009 7:40 pm)

Hey Greeneyespsu,
 
Can I ask which dealership you went to for that deal? Thanks in advanced!
#949 of 1313
Re: Is this a good deal?? [adamly] by greeneyespsu
Mar 17, 2009 (10:12 pm)
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Replying to: adamly (Mar 17, 2009 8:47 pm)

Santa Monica. Should I assume it's a good deal then since you're asking?
 
PS - Don't go to Keyes, they're a bunch of lying a**holes! They said they would sell the car at $32,800 (<$400 less than SM) and yet somehow over the course of the lease I would have been paying over $3000 more!
#950 of 1313
Re: Is this a good deal?? [greeneyespsu] by adamly
Mar 17, 2009 (10:33 pm)
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Replying to: greeneyespsu (Mar 17, 2009 9:12 pm)

I think it looks great. I'm very early into my research, but after talking to Cerritos Lexus, I would definitely say your deal makes me jealous.
 
Thanks for the heads up on Keyes too. I may just have to approach Santa Monica and say "A friend got this deal...can I just get that as well?" =P
#951 of 1313
Re: Is this a good deal?? [adamly] by greeneyespsu
Mar 17, 2009 (11:19 pm)
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Replying to: adamly (Mar 17, 2009 9:33 pm)

haha Well I've been researching for a good week and a half or so.. long enough to drive myself crazy with these numbers. I took sheets of notes in with me and all the dealers made comments about how I look like I'm studying for midterms and have done my homework, etc etc. Basically every dealer scoffed at my numbers until I pulled out proof. The number I went off of was the person who said they got the same car (plus HID) for a little less than $35650 OTD at the Santa Monica dealer (that message was in this thread as a reply to the person who got the same car without HID for $35650 OTD at Longo). I called SM a week ago and asked if they could do that price and the guy I spoke to happened to be the one who sold the car and knew what I was talking about. He told me to come in but I just hadn't until today and of course he wasn't there. A couple days ago I also submitted through Costco's auto program so they had my info from that (Costco price is $750 over invoice on the 250 BTW, I think $1000 over on the 350). I talked to a woman who does Costco pricing and was told that she could give me the same price anyone else in the dealership could. First they tried to tell me that the car I was talking about that was sold and listed on these forums was a demo car (5000 miles) which is why they got that price and the best they could do for me was around $33.5 before TTL. I called BS and asked her to call the original guy I talked to. She and her manager went to another part of the dealership and supposedly called him and came back and said they would do $36500 OTD to match the price I saw. I said no, the price was $35600. They went back and redid the sheet and came back with the price I listed before. I had her give it to me in writing (which was like pulling teeth and took a good 15 minutes of convincing and saying that on the back of a business card wasn't good enough). I fully plan to go to Keyes tomorrow or the next day to sit down and ask them if they REALLY want to run numbers now and show them what a**holes they are.
#952 of 1313
Re: Is this a good deal?? [greeneyespsu] by fizzboy7
Mar 17, 2009 (11:20 pm)
Reply

Replying to: greeneyespsu (Mar 17, 2009 7:40 pm)

I don't know if this is relavant or not, but last year at this time, I got my non-Nav, premium package IS250 RWD for 320/mo, 3500 down, 36 months, and 10k miles/year. This was from Westminster over the internet. It was 750 below invoice. I tried getting it from Keyes, but instead I got the run-around, bait and switch, and so on. They were also loading up all their inventory with rediculous add-on accessories marked up 100%. I found all that quite insulting. Their service has been great though.
#953 of 1313
Re: Is this a good deal?? [greeneyespsu] by adamly
Mar 18, 2009 (8:10 am)
Reply

Replying to: greeneyespsu (Mar 17, 2009 10:19 pm)

haha I love hearing dealerships get pitted against one another. Let me know how Keyes responds.
 
The only thing about your deal that I caught my eye were your MSDs. I've never dealt with them myself, but I can just see the gleam in their eyes when you return the car after 3 yrs and 3,400 is up for grabs. What was your MF at before the deposits?

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