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Lexus SC 430 Lease Questions

16 messages,  Last post on Jan 31, 2008 at 2:18 AM

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What is this discussion about? Lexus SC 430, Car Leasing, Convertible

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#11 of 16 Re: Lexus SC 430: Lease Questions [glh] by Car_man HOST Feb 11, 2007 (9:22 am)
Replying to: glh (Jan 28, 2007 7:02 am) Hi glh. While technically there is no additional charge for ordering a new vehicle, dealers are usually more willing to provide attractive prices on vehicles that they already have in inventory than on ordered ones. There are two main reasons for this. The first is that dealers are constantly paying "floorplan" interest on the vehicles that they have in stock. The sooner they sell them, the sooner they can stop paying interest on them. The second reason is the old saying "a bird in hand is worth two in the bush." A lot can happen to ruin a deal between the time that a consumer orders it and they physically take delivery of it. Dealers would rather finalize deals immediately than rusk losing a deal.   Lexus is not currently providing any sort of lease support on the SC 430. As a result, if you were to lease one through Lexus Financial Services right now you would have to use its standard lease program. Its buy rate standard lease money factor usually varies slightly by region, but it should be around .00275 for consumers who qualify for its "Tier 1+" credit tier. This is equivalent to an interest rate of around 6.6%. Furthermore, LFS' residual values for the '07 SC 430 are decent, but nothing to write home about. There's nothing wrong with leasing this car, but the program that is available on it right now is not attractive enough to push one in that direction.   Car_man Host Prices Paid Forum
#12 of 16 Car Man? by bslusher Jan 07, 2008 (4:07 pm)
Car man! What does .00255 mean? I understand the 52%. If car's price is 65,000, how do they figure the lease payment? This leasing is all new to me. Thanks in advance. Replies to this message: kyfdx (Jan 07, 2008 7:08 pm) Car_man (Jan 31, 2008 2:18 am)
#13 of 16 Re: Car Man? [bslusher] by kyfdx HOST Jan 07, 2008 (7:08 pm)
Replying to: bslusher (Jan 07, 2008 4:07 pm) Calculate Your Own Lease Payment   Leasing Tips     Enjoy!
#14 of 16 Re: Car Man? [bslusher] by Car_man HOST Jan 31, 2008 (2:18 am)
Replying to: bslusher (Jan 07, 2008 4:07 pm) Hey bslusher. The articles that kyfdx directed you should answer most of the questions that you have about leasing. .00255 is this car's money factor. Most banks use money factors instead of interest rates to calculate the interest portion of lease payments. You can convert money factors into approximate money factor equivalents to see how good they are by multiplying them by 2400. So, a money factor of .00255 would be equal to an interest rate of around 6.12%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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