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Lexus ES 350 Lease Questions

472 messages,  Last post on Nov 25, 2009 at 12:37 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#109 of 472
Refresher - ES350 Lease Data by saprissa
Dec 01, 2006 (1:24 am)
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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.
#110 of 472
Leasing RX 350 07 by vesines
Dec 07, 2006 (6:09 pm)
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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
#111 of 472
Re: Refresher - ES350 Lease Data [saprissa] by Car_man HOST
Dec 10, 2006 (6:44 am)
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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
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#112 of 472
Re: Leasing RX 350 07 [vesines] by Car_man HOST
Dec 10, 2006 (6:50 am)
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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
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Prices Paid Forum
#113 of 472
ES350 Lease by atlantarose
Dec 10, 2006 (12:19 pm)
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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?
#114 of 472
2007 ES 350 Buy price by mblover2
Dec 10, 2006 (7:00 pm)
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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.
#115 of 472
Lexus ES 350 Lease Deals by areway
Dec 11, 2006 (9:36 am)
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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
#116 of 472
Leasing a car in January or February by vesines
Dec 19, 2006 (3:47 pm)
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I have heard that you can really get a good deal leasing or buying a car in January or even better in February. Has anybody heard the same thing??? Appreciate any response. This dealers are getting to me. They advertise one thing but when you get there well that car usually they don't have and the price has jumped $200.00 Man I am sick of them. I hate buying/leasing a car. I feel like I am at the flea market even there I can't bargain. I need help
Thanks
#117 of 472
Re: ES350 Lease [atlantarose] by Car_man HOST
Jan 17, 2007 (3:09 am)
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Replying to: atlantarose (Dec 10, 2006 12:19 pm)

Hi atlantarose. Lexus is providing lease support on the 2007 ES 350 in January. If you were to lease a 2007 Lexus ES 350 through Lexus Financial Services right now, its buy rate special lease money factor would be around .00245. Keep in mind though that you have to qualify for LFS' top credit tier to receive this special factor and that Lexus' lease program varies slightly by region.
 
Car_man
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Prices Paid Forum
#118 of 472
Re: 2007 ES 350 Buy price [mblover2] by Car_man HOST
Jan 17, 2007 (3:11 am)
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Replying to: mblover2 (Dec 10, 2006 7:00 pm)

Hi mblover2. This forum is for community members to discuss leasing a Lexus ES 350. Try looking here for feedback on what sort of price you should pay for one: "Lexus ES 350: Prices Paid & Buying Experience".
 
Car_man
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Prices Paid Forum

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