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Lexus ES 350 Lease Questions

314 messages,  Last post on Jul 08, 2008 at 2:39 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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#142 of 314
Where Do I find a Lease like that? by tocapalla
Apr 09, 2007 (7:16 am)
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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.
#143 of 314
lexus es350-nav by ramon159
Apr 09, 2007 (1:08 pm)
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Carman,
 
The Window sticker on the car says $41,322.
#145 of 314
Re: Where Do I find a Lease like that? [tocapalla] by Car_man HOST
Apr 17, 2007 (2:43 am)
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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.
 
Car_man
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#146 of 314
Re: lexus es350-nav [ramon159] by Car_man HOST
Apr 17, 2007 (2:50 am)
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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.
 
Car_man
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#147 of 314
Lexus ES350-Thanks to You by closer43
Apr 22, 2007 (7:54 pm)
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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
#148 of 314
Re: Lexus ES350-Thanks to You [closer43] by eyeman3
Apr 26, 2007 (8:01 am)
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Replying to: closer43 (Apr 22, 2007 7:54 pm)

If i may ask
What was your final monthly pmt, lease term, miles, money down ect.....
 
thank you for your input
#149 of 314
Lease payment estimate? by znelson32
Apr 26, 2007 (9:08 am)
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I've been out of the loop for a while, so I'm not sure what the numbers look like right now but ...
 
A friend of mine leased a 2007 ES350 with the $7,230 options package back in January. He walked out paying $36,250 (leased of course). I am negotiating the same deal right now. What would the current money factor, residual value, and monthly payment be for a 48 month lease (assuming no T/T, no capital reduction, and 15K/year)? I'm Tier-1+ credit.
 
Thank you in advance!
#150 of 314
Re: Lexus ES350-Thanks to You [eyeman3] by closer43
Apr 26, 2007 (11:36 pm)
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Replying to: eyeman3 (Apr 26, 2007 8:01 am)

My monthly payment is $498, lease term is for 36 months, 12,000 miles a year. I used money from my trade in of $5,000 to cover tax,title etc. I read that it is not a good idea to put so much down on a lease, but I wanted to get the payments down and I don't put alot of miles on the car. As in the case of the car I traded in, it was also a lease and worth quite a bit more because of low mileage, etc. Thanks again for your forum with so much information.
#151 of 314
Current ES lease rates? by zona330
Apr 27, 2007 (3:45 pm)
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Hi Car_man,
 
I have two questions for you, most helpful of board moderators:
 
What is the highest Lexus goes on annual mileage for a lease?
 
Could you tell me the buy rate on the MF and the residual value % for a 24 month lease on a 2007 ES 350 for the highest they will go on the miles? 20K is perfect.
 
Thanks,
Zona330

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