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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: anonymousposts (Mar 23, 2009 3:03 pm) |
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Replying to: jason7863 (Mar 24, 2009 4:13 pm) $340 x 47 months = $15980 $15980 + $3500 down = $19480 over 4 years or $4870 per year If you plan to buy out add $16569 + 8.25% (let's ignore the fact that tax is going up for convenience sake) = $17935.94 $19480 (lease) + $17934.94 (buyout) = $37415.94 OTD (granted OTD cash would be ~$700 or so less because of lease assumption) If you look a page back you can see the offer I got on the same car $37656 MSRP on a 36 months lease, 12k per year $391.83 x 35 months = $13714.05 $13714.05 + $1398.58 driveoff (plus $3200 security deposit refunded at lease end so not included here) = $15112.63 or $5037.54 per year (remember, this is at 12k miles, not 10k) Buyout at $19581.12 + 8.25% = $21196.56 $15112.63 (lease) + $21196.56 buyout = $36309.19 OTD So anyway, my lease per year would be a bit higher (mainly due to 12k miles) but you can see the overall price for my offer is a little over $1000 less. I'd say you can get the price of the car down another $500 at least. The price I was offered for that car was $32548 + TTL which is how I got those payments. Ask them to match that price and run the lease numbers on it. My credit is also 720+ so I would have the same MF as you. I would suggest not putting that high of an amount down on a lease, and if you are considering putting that much down, consider putting down multiple security deposits to lower the MF.. at least that money would be refunded to you at the end of the lease. Hope that helped some!
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Replying to: greeneyespsu (Mar 24, 2009 10:39 pm) Yes, you are correct, I plan to buy out the car after 4-year lease. The reason I prefer lease is I want to save more cash, and Lexus's financial payment is not good. Thanks a lot for your reply! Just get a reply from another dealer around, they can not match or beat this offer. I will try to lower my downpay as you recommended. |
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Replying to: greeneyespsu (Mar 24, 2009 10:39 pm) are u still looking around for insurance ?? i just got another quote since i guess i'm in the same boat as you as far as leasing... for 100/300/30 i was quoted $1514/YR from the mercury insurance agent i've been dealing with
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Replying to: newnmpr0ved (Mar 25, 2009 11:05 am) 
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Replying to: greeneyespsu (Mar 25, 2009 11:11 am) Make your e-mail public in your profile, and only other members can see it. regards, kyfdx
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Replying to: kyfdx (Mar 25, 2009 11:43 am)  Edit -- If it makes a difference, I would be paying the full year of insurance up front.. with Wawanesa Thanks!
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Replying to: greeneyespsu (Mar 25, 2009 11:54 am) Greeneyes, who have u been dealing with at santa monica
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Replying to: newnmpr0ved (Mar 25, 2009 11:59 am) Do you know anything about if I could use my old address for insurance? It's $644 per year less than where I live now.  Edit -- If it makes a difference, I would be paying the full year of insurance up front.. with Wawanesa
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So I'm taking the plunge today! Getting a smoky gray on black with premium and navi (MSRP $37,656) for $32,048 (not sure the exact amount that is below invoice, but between $1500 and $1900 under, not including holdback, I believe??) Will be leasing for 36 months at 12k. Payment will be under $400 a month (residual will be between .00006 and .00014 depending on what Lexus financial allows with putting down MSDs). Will post back more details after I get it -- they're dealer trading for it as I type this!!
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