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Lexus ES 350 Lease Questions

823 messages,  Last post on Jun 16, 2013 at 7:29 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 15 of 83

#138 of 823 Re: Residual values? [tocapalla] by Car_man HOST

Apr 09, 2007 (3:57 am)

Replying to: tocapalla (Mar 14, 2007 4:09 pm)
Hi tocapalla. I am not aware of any resource that provides information on banks' current residual values to the general public. Having said this, I can tell you what this car's current residual value is. It varies by term and mileage allowance, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Lexus Financial Services' current residual value for a 36 month lease of a 2007 Lexus ES 350 with 15,000 miles per year is 54%.
 
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#139 of 823 Re: $399 per month on TV, how high with Nav? [carluvr4] by Car_man HOST

Apr 09, 2007 (3:58 am)

Replying to: carluvr4 (Mar 26, 2007 3:52 pm)
Hi carluvr4. I would be happy to calculate a sample lease payment on the exact car that you are interested in for you. I just need you to let me know what its full MSRP and approximate selling price are, along with how long you want to lease it for and what mileage allowance you need.
 
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#140 of 823 Re: LEXUS ES350 NAV- [ramon159] by Car_man HOST

Apr 09, 2007 (4:01 am)

Replying to: ramon159 (Apr 08, 2007 4:59 am)
Hello ramon159. What is this car's MSRP? This number will show me how much of a discount you are being given. Let me know and I'll tell you what I think.
 
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Prices Paid Forum

#141 of 823 Re: Should I Assume Lease? [tocapalla] by Car_man HOST

Apr 09, 2007 (4:08 am)

Replying to: tocapalla (Apr 08, 2007 11:57 am)
Hey tocapalla. Before assuming someone's lease, you really should compare the monthly payment of the lease that you are assuming with the payment of a similar brand new vehicle. It often turns out that consumers who want to get out of their leases early did not get the best deal.
 
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.
 
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#142 of 823 Where Do I find a Lease like that? by tocapalla

Apr 09, 2007 (7:16 am)

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.

#143 of 823 lexus es350-nav by ramon159

Apr 09, 2007 (1:08 pm)

Carman,
 
The Window sticker on the car says $41,322.

#145 of 823 Re: Where Do I find a Lease like that? [tocapalla] by Car_man HOST

Apr 17, 2007 (2:43 am)

Replying to: tocapalla (Apr 09, 2007 7:16 am)
Hey tocapalla. If you are in an area that does not have a decent level of competition, the Lexus dealer or dealers that you have spoken with are probably trying to get close to full MSRP for the ES 350 that you are interested in. The higher your ES's selling price is, the more expensive it is going to be to lease. Plus, the payment that I came up with did not include sales tax, which can add quite a bit. All you can do to try to get a good deal on this car is shop around.
 
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#146 of 823 Re: lexus es350-nav [ramon159] by Car_man HOST

Apr 17, 2007 (2:50 am)

Replying to: ramon159 (Apr 09, 2007 1:08 pm)
Thanks for the additional information, ramon159. A selling price of $38,454 on an '07 ES 350 that has an MSRP of $41,322 is a decent deal. Your car probably had around a $5,000 spread between its full MSRP and its dealer invoice price, so the discount of $2,800 that you received is around $2,000 over invoice. It does not appear as though the dealer that you got your car from marked its month factor up.
 
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Prices Paid Forum

#147 of 823 Lexus ES350-Thanks to You by closer43

Apr 22, 2007 (7:54 pm)

Replying to: Car_man (Apr 17, 2007 2:50 am)
Carman,
 
I wanted to take time out to thank you and the people who post to this forum. I was looking to lease a ES350 three weeks ago and started doing research with the forum. I live in Tampa, Florida and I headed out with my numbers. I went to the Lexus Tampa dealer. I decided I wanted the Premium Package with Navigation. Total MSRP was $41,322.00. I called them back and offered them $37,200 +TTL. They agreed but then wanted to charge me .00333 money factor and when I questioned I was told that he dosn't even have to share we me the money factor by the leasing manager. That this was the rate and he had been to Lexus financial and different banks. They think you just fell off the back of a truck. (Oh yes and I'm a female). I have Tier 1 credit. I was sure they were trying to make up the difference in the price of the car on the financing. I then e-mailed the Lexus dealer in Sarasota and within one day had my terms. $37,200 + TTL, 57% residual, money factor .00275, for 36 months and they had to order my car so I could have the color I wanted. I'm picking up my car tomorrow and I feel good about the deal. If it wasn't for your site and reminding people to contact different dealers I would have been paying a much higher payment. P.S. It felt good when the first dealer called back and asked if I was ready. LOL

Messages Page 15 of 83

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