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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
316 messages, Last post on Jul 21, 2008 at 7:36 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: tocapalla (Apr 04, 2007 2:07 pm) 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 |
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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!
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Replying to: rwarrencfp (Mar 12, 2007 8:58 am) Car_man Host Prices Paid Forum |
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Replying to: tocapalla (Mar 14, 2007 4:09 pm) Car_man Host Prices Paid Forum |
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Replying to: carluvr4 (Mar 26, 2007 3:52 pm) Car_man Host Prices Paid Forum |
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Replying to: ramon159 (Apr 08, 2007 4:59 am) Car_man Host Prices Paid Forum |
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Replying to: tocapalla (Apr 08, 2007 11:57 am) I can work up a sample lease payment on a similar car for you to give you an idea of what it would cost to lease right now. According to my calculations, if you were to lease a 2007 Lexus ES 350 with the Ultra Luxury Package and Navigation that has an MSRP of $43,615 and a selling price of $39,200 (a little over $1,000 over invoice) through Lexus Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $586. As you can see, the lease that you are considering assuming is nothing special. The only advantage to assuming it is that it is shorter than 36 months. I personally would pass on the assumption and go with a new car. Car_man Host Prices Paid Forum |
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Hey Car Man, thanks for all the advice. If I could find a NEW Lexus E350 for around the $586.00 you calculated, I'd sign on the dot right now. However, every Lexus dealer and Leasing company I've talked to are quoting me a price in the $700 range. Where can I find a car at near the price you quoted? I live in MS, and the few and far between dealers in this and nearby states don't seem to want to deal. I've even contacted dealers in TX and several other states. THANKS again.
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Carman, The Window sticker on the car says $41,322.
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