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Lexus ES 350, Car Leasing, Car Buying, Sedan
#127 of 812 Re: March Money Factors? [rwarrencfp]
by Car_man HOST
Mar 12, 2007 (4:00 am)
Hi rwarrencfp. Unfortunately, Lexus is not providing any lease money factor support on the 2007 ES 350 in March. 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 varies slightly by region, but it currently should be around .00275 for all terms for consumers who qualify for its "Tier 1+" credit tier. Its current 36 month, 12,000 mile per year residual value for the '07 ES 350 is 57%. Its residual for a 48 month, 12k lease should be 47%.
Prices Paid Forum
#128 of 812 Re: March Money Factors? [Car_man]
Mar 12, 2007 (8:58 am)
#129 of 812 Re: March Money Factors? [rwarrencfp]
Mar 14, 2007 (3:22 am)
I got a lease quote for $617/mo for 3 yrs/36k with 0 down. Everything rolled into the payment. The MSRP was $41,700. The sale price was close to invoice of around $37k. I live in VA. Has anybody leased recently?
#130 of 812 Residual values?
Mar 14, 2007 (4:09 pm)
HI! Please excuse a stupid question, but how do you get the residual value? I know it is a percentage of the MSRP, but how do you get this percentage? Also, has anyone used a Leasing service? Anyone used D&M Leasing in Dallas? Did they (or ANY service) save you money? I was thinking of using a service as there are no immediate Lexus dealerships, and the 1 that is within 200 miles of me will not deal. The service says they work with Lexus dealers everywhere and can get me the best deal. I was also wondering what the leasing co. gets out of it to make there leasing rates so much "lower"? Is there anything I should look out for? Sorry for all the questions, but dealerships DO tend to try and take advantage of women, and I want to be as fully prepared as possible THANKS for all the help in advance.
#131 of 812 Re: Residual values? [tocapalla]
Mar 16, 2007 (3:54 pm)
When you ask, "How do you get the residual value?"--are you asking as to how to find out what the exact residual value is for a particular model...or how exactly is it determined as to what the residual value should be for said vehicle? If the former, then just ask your dealer; if the latter...I have no idea--maybe they throw a dart at a dartboard and whatever percentage value it hits, that's the value they'll go with? j/k!!!
#132 of 812 $399 per month on TV, how high with Nav?
Mar 26, 2007 (3:52 pm)
The ES350 is on TV for 399 per month without tax, title. How much more per month should it be if the only change is to a car with NAV, and no cap cost reduction. (Still without tax which is paid by buyer up front to the state).
#133 of 812 Lease Assumption
Apr 04, 2007 (2:07 pm)
Hello. I am thinking of assuming a lease of an '07 ES350, and need some help figuring out the final monthly payment. His lease of $607.00 includes taxes (6.5%-FL). In MS, my state, all I have to do is pay for the tag, which is about $900.00. YES, the amt. is correct. Anyway, do I just deduct 6.5% from the monthly payment? This gives me $567.55, which seems about right. Is this how it should be done? Please help, and THANKS in advance.
#134 of 812 LEXUS ES350 NAV-
Apr 08, 2007 (4:59 am)
Just sign up for this lease... hope did not get ripped off.
Term : 48 months
Rent Charge: $5,104
Down Payment; $1,000 (includes tags, etc)
Monthly Payment: $550.18
Premium Package w/ Nav back up camera and all the toys.
#135 of 812 Re: Lease Assumption [tocapalla]
Apr 08, 2007 (5:02 am)
I think you have it right. No tax in MS? wow I am moving there. Make sure the lease does not have a termination fee if you want to return the car at the end. $900 for a tag? wow~!.
I just got my es350 for $550 a month. All toys
#136 of 812 Should I Assume Lease?
Apr 08, 2007 (11:57 am)
Help!! I'm really confused and do not know what to tell the person tomorrow about assuming his lease. The car is a '07 ES350 with UL package. MSRP was $43,383. Person told me he got it for $40,000, and he put $2,000 down. His 36 monthly payments are $607.00, including taxes. There are 28 months left on the lease. My monthly payments would be about $595.00, no termination fee. The lease end buy-out is $26,393.40. What I do not get is if he got the car for $40k, put $2k down,makes 36 payments totaling $20,431.62(without taxes), then why is the lease end pay off so high? That would make the total cost of the car, without taxes, to be about $46, 825.02. What am I missing here? Is this a bad deal? Should I take the $850. it will cost me to get it shipped and put it down on a new lease? All the dealers and leasing companies I've talked to were in the $700-$750 range with 0 down. PLEASE help! I do not want to miss out if it is a good deal, but do not want to make a very bad deal. THANKS ever so much for any help anyone can give me!