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Lexus ES 350 Lease Questions

476 messages,  Last post on Dec 05, 2009 at 7:08 AM

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What is this discussion about? Lexus ES 350, Car Leasing, Car Buying, Sedan

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#106 of 476 Re: Lexus ES350 Lease ATLANTA [stlacura] by keithordan Nov 12, 2006 (5:04 pm)
Replying to: stlacura (Nov 12, 2006 11:44 am) $38422 Sale price + $600 Aquisision fee = $39022 Total Cap Cost, Just starts down(1st Payment and Security Deposit),36 months 12K miles, Residual of $24202.98.   Not sure about money factor...sorry...I was negotiating based on Payment and so was not managing the money factor variable.
#107 of 476 Re: 2007 Lexus ES 350 Residuals and Money Factors [stlacura] by Car_man HOST Nov 14, 2006 (2:55 am)
Replying to: stlacura (Nov 10, 2006 8:28 am) Here you go, Mike. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Lexus ES 350 with 15,000 miles per year are .00275 and 57%, respectively for consumers who qualify for its Tier 1+ credit tier. While I have not seen any official word on when it will begin, I strongly suspect that Lexus' annual "December to Remember" sales event will begin on November 22nd. If I was in the market for this car, I personally would definitely wait until then to lease one.   Car_man Host Prices Paid Forum
#108 of 476 Re: How back into selling price given payment? [sammys] by saprissa Dec 01, 2006 (1:03 am)
Replying to: sammys (Jul 04, 2006 9:41 am) sammys - I know I'm responding to a very old post, but this is my first time going thru these forums. So I thought I would put in my two cents on the affect of RV, money factor and msrp (or agreed-to price). This is something I had worked up this afternoon when considering a 36 month lease, $40K msrp, 0.00275 money factor and 58% RV.   ** For every $500 reduction in price (all else constant), the monthly payment drops by approx $15   ** For every $500 (or 2%) INCREASE in RV, the payment drops by approx $12   ** For every 0.0001 decrease in the money factor, the payment drops approx $6   Hope this is helpful. For me, I'm trying to focus more on negotiating the top line. I'm hesitant to allow them to jack up the residual value, since some lease agreements are open-ended. In that case, you would be stuck with the delta between the actual price in 3 yrs (vis-a-vis the negotiated RV).
#109 of 476 Refresher - ES350 Lease Data by saprissa Dec 01, 2006 (1:24 am)
Car_Man,   It seems like most of the posts were from this summer, so I wanted to get your thoughts on how much better or worse the deals are currently for an ES350.   1) Is it still resonable to expect $2-3K under MSRP? Does the "December to Remember" make it better or worse?   2) How does one negotiate on the money factor? Beyond Lexus Fin Svcs, I don't even know who else could quote me a figure.   3) Is there a website that publishes the geographic differences in the money factor or residual value? I have a "first round" quote from a sales person in Oregon that has 0.00289 and 58%.   4) What other pitfalls should we watch out for? In particular, I'm concerned with open-ended leases and any fees due to wear and tear. Does the lessee have any leverage in negotiating those end-of-lease fees?   Thanks in advance for your help and all of the useful info in this forum. Replies to this message: Car_man (Dec 10, 2006 6:44 am)
#110 of 476 Leasing RX 350 07 by vesines Dec 07, 2006 (6:09 pm)
Hello I need some help and info on leasing Lexus RX 350. They have now December to remember and I was wondering if that deal can be negotated or that's it. Any idea what would be a good deal so the dealer don't take me to the cleaners. I am very bad in negotiating. I appreciate any good advice Replies to this message: Car_man (Dec 10, 2006 6:50 am)
#111 of 476 Re: Refresher - ES350 Lease Data [saprissa] by Car_man HOST Dec 10, 2006 (6:44 am)
Replying to: saprissa (Dec 01, 2006 1:24 am) Hi saprissa. Lexus is running its famous "December to Remember"' sales event right now. As a result, its lease offers on most vehicles are pretty good this month. This special lease program should not have any impact upon your ability to negotiate an attractive discount on this car's price. I would not be surprised if you were able to negotiate a $2,000 to $3,000 discount on one if you are in an area where there is a decent level of competition. Make sure to stop by the following discussion to see how much other community members have paid for this car lately: "Lexus ES 350: Prices Paid & Buying Experience".   Vehicles' money factors are not negotiable, meaning that consumers cannot get dealers to give them a lower money factor on the vehicle that they want than the one that is published by the bank that they lease through. However, dealers are often allowed to mark up vehicle's money factors to add hidden back-end profit to deals. This is why it is important to know exactly what the buy rate is on the vehicle that you want before you agree to lease it. Right now, Lexus Financial Services' buy rate money factor for the 2007 ES 350 is .00245 for consumers who qualify for its Tier 1+ credit tier. Make sure that this is the factor that is used to calculate your car's monthly payment. There should not be any regional variation in this car's money factor or residual values right now.   All vehicles today are closed-end leases, so you don't have to worry about your deal being open-ended. Most manufacturers' captive finance companies, like Lexus Financial Services, are very reasonable when evaluating the condition of vehicles at lease-end. The last thing that they want to do is nickel and dime lessees to death, make them mad, and possible cost their parent company a future sale. That would be penny wise and pound foolish. As long as your car is in decent shape at the end of your lease, you should be OK.   Car_man Host Prices Paid Forum
#112 of 476 Re: Leasing RX 350 07 [vesines] by Car_man HOST Dec 10, 2006 (6:50 am)
Replying to: vesines (Dec 07, 2006 6:09 pm) Hi vesines. If you need some tips on how to negotiate a c=good lease, make sure to check out the following article: 10 Steps to Leasing a New Car. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around and negotiate the lowest possible selling price that you can on this car and then have the dealer that you are working with use its "December to Remember" buy rate lease money factor to calculate its monthly payment. You should be able to get an idea of what sort of selling price you will be able to negotiate by visiting the following discussion: "Lexus ES 350: Prices Paid & Buying Experience". Lexus Financial Services' current buy rate lease money factor for this car is .00245 for consumers who qualify for its Tier 1+ credit tier. Let me know if you have any other questions.   Car_man Host Prices Paid Forum
#113 of 476 ES350 Lease by atlantarose Dec 10, 2006 (12:19 pm)
I'm considering leasing the ES250 however there doesn't seem to be any special pricing/rates for the December to remember event. Does anyone forsee any incentives for January? Replies to this message: Car_man (Jan 17, 2007 3:09 am)
#114 of 476 2007 ES 350 Buy price by mblover2 Dec 10, 2006 (7:00 pm)
Since this forum tells about prices paid by others I am wondering where to find the price for New ES 350 2007 with Premium package & Navigation. I am in Northern Californiaand would appreciate if someone can post dealershis with good deals. Replies to this message: Car_man (Jan 17, 2007 3:11 am)
#115 of 476 Lexus ES 350 Lease Deals by areway Dec 11, 2006 (9:36 am)
My current Lexus lease ends Jan 2. I'm considering the new ES350. (my 4th Lexus) What is the best current money factor rate (tier 1), 36 month residual (15k per year) and cap reduction I should be working with for a loaded ES 350 est. $44AK msrp). Ron Replies to this message: Car_man (Jan 17, 2007 3:14 am)

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