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Lexus IS 250 / IS 350 Lease Questions

1165 messages,  Last post on Nov 17, 2009 at 6:18 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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#990 of 1165 Re: Is this a good deal? [applebeez] by kingpcgeek Apr 23, 2009 (10:42 am)
Replying to: applebeez (Apr 22, 2009 9:28 pm) Pretty much any advertised lease deal you see is a loser since they are teasing you with a low lease rate by making you put a huge amount of cash down. BTW I am sure that is the same offer that every Lexus dealer is offering.   $3539 down, plus registration and doc fees is outrageous. In this deal you are doing a $3200 cap cost reduction. Any leasing expert will tell you do not do a cap cost reduction. The disadvantage of a cap cost reduction is that, should your vehicle get stolen or totaled in an accident, you probably won't get any of the down payment returned to you.    If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.   On a lease, just like buying really the only thing you can negotiate is the selling price (Not the MSRP). There are other small things, but in the grand scheme of things the selling price is what matters. Replies to this message: applebeez (Apr 23, 2009 11:11 am)
#991 of 1165 Re: Is this a good deal? [kingpcgeek] by applebeez Apr 23, 2009 (11:11 am)
Replying to: kingpcgeek (Apr 23, 2009 10:42 am) Thanks! Yeah I put the $0 down payment. However the Acq fee is pretty high: $700 he said it's fixed. I'm trying to get the selling price lower. Any tips on that?
#992 of 1165 '09 Lexus IS 250 Lease Offer- $379/mo for 36mos, $2600 down by igozoomzoom Apr 24, 2009 (7:41 pm)
Does anyone have any additional information about this $379 lease deal on the '09 IS 250? I'd be interested to learn the exact configuration (options) being offered at this price. I also wonder what the annual mileage limit is on this deal? Replies to this message: lch77 (Apr 26, 2009 10:42 am)
#993 of 1165 How do you think of this deal? by applebeez Apr 25, 2009 (9:05 am)
2008 IS 250 AWD black/black MSRP: $35K (pretty base) got a quater inch on the passager side front windshield, but it's been fixed. Offered for $ 27K... How do you think?
#994 of 1165 Re: '09 Lexus IS 250 Lease Offer- $379/mo for 36mos, $2600 down [igozoomzoo by lch77 Apr 26, 2009 (10:42 am)
Replying to: igozoomzoom (Apr 24, 2009 7:41 pm) I think you'll find those "teaser' leases are different in different regions. Here, in Southeast PA, the "deal" is $429 per month with $1129 down and uses a car with a price of $35,820, which appears to be the base price without ANY options. Since the due at signing for this deal appears to be the Bank Fee plus first month's payment, I get a "lease Factor" of 83 which is very good. However, I think you'll find that if you try to add any options, the intro lease rates won't apply and the lease will be fairly ordinary. For example, when I added about $3,500 in options (or 10% of the base price) the lease went up 35% to $580. All of the lease price do not include tax   The problem now with Lexus' leases on the IS250 AWD is while the money factor is usually pretty good, the residual is a disappointing 50%. However, a low residual coupled with a very low money factor can be advantageous if you plan to buy it at the end of the lease.   I think if you investigate your $379 lease, you'll find comparable results.
#995 of 1165 Assuming a 2008 IS 250 Is this a good deal? by ljsurfbabe Apr 27, 2009 (11:42 am)
Hi! I'm new at this so hope I'm doing it right. I'm assuming a 2008 IS 250. Its fully loaded, everything possible. For $450 a month. 3 years left (Originally a 4 year lease) with 1100 miles a month left. Is this a good deal. Its Tier 1 Credit. I'm just trying to save myself a downpayment by assuming the lease rather than getting a new one. Any comments, or questions I should ask before I proceed? Thanks! Replies to this message: igozoomzoom (Apr 27, 2009 4:06 pm)
#996 of 1165 Re: Assuming a 2008 IS 250 Is this a good deal? [ljsurfbabe] by igozoomzoom Apr 27, 2009 (4:06 pm)
Replying to: ljsurfbabe (Apr 27, 2009 11:42 am) Let me make sure that I understand-   The car is on a 48-month lease and has about 36-months remaining. You want to assume the lease payments of $450 per month and won't have to pay anything down, correct?   How many miles are on it now and what is the annual mileage limit in the lease agreement (usually 10k, 12k or 15k per year)?   Also, what is the residual value at the end of the lease (stated in the lease agreement)? And do you know what the money factor (aka- Interest Rate) is?   You NEED to know all of those things to evaluate whether it's a good deal or not!
#997 of 1165 Re: April MF and residual on IS 250 RWD [eburns] by Car_man HOST Apr 28, 2009 (2:16 am)
Replying to: eburns (Apr 06, 2009 5:32 am) You're very welcome, eburns.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#998 of 1165 Re: April MF and residual on IS 250 RWD [hockeymom1712] by Car_man HOST Apr 28, 2009 (2:24 am)
Replying to: hockeymom1712 (Apr 15, 2009 2:00 pm) Here you go, hockeymom1712. Lexus Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2009 IS 250 RWD with an automatic transmission and 15,000 miles per year in your area are .00125 and 50%, respectively. The residual value for a lease with only 12,000 miles per year is 2% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: valuehunter07 (May 05, 2009 5:22 pm) Car_man (May 22, 2009 1:39 am)
#999 of 1165 Re: lease is350 [ach8888] by Car_man HOST Apr 28, 2009 (2:30 am)
Replying to: ach8888 (Apr 18, 2009 6:59 pm) Hi ach8888. It sounds like you are new to leasing. If so, you really should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Understanding how leasing works is the best way to avoid getting ripped off when you get your new vehicle.   I would be happy to work up a sample lease payment on the IS that you are interested in for you if you let me know what its approximate selling price is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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