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Lexus ES 350, Car Leasing, Car Buying, Sedan
#171 of 812 Re: 08' ES 350. [lukesdaddy]
by Car_man HOST
Jun 20, 2007 (3:26 am)
Hi Lukesdaddy. I don't believe that Lexus has officially announced its pricing for the 2008 ES 350 yet. If It has, I haven't seen it. As far as this car's lease program goes, Lexus is not currently providing any sort of lease support on the 2007 ES 350. I suspect that this will be the case with the 2008 model as well. If so and you were to lease one through Lexus Financial Services, you would have to use its standard lease money factor. Its current buy rate standard lease money factor for consumers who qualify for its "Tier 1+" credit tier and pay a security deposit at lease signing should be around .00275.
Prices Paid Forum
#172 of 812 Re: is this a good deal??? [heidibrat]
by Car_man HOST
Jun 20, 2007 (3:34 am)
Hello heidibrat. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Prices Paid Forum
#173 of 812 Re: is this a good deal??? [Car_man]
Jun 20, 2007 (8:33 pm)
The MSRP is $37,387 (includes destination), the selling price is $33,904. Term is 36 months, 15,000 mi per year. My down payment is $925 with $588 in monthly payments. My credit score is 764. Is this a good deal? THANKS!!
#174 of 812 Re: is this a good deal??? [heidibrat]
Jun 26, 2007 (10:43 am)
Given the additional info you provided in your post #173, I'd say that $588/month is a bit too high. Granted my lease is 36/12K, but MSRP on my ES (UL w/ nav) was $44288, w/ a selling price of $39963...yet my payments are pretty much identical to what you were quoted; all I paid up front was the acquisition fee. I honestly would find it a bit hard to fathom that the difference in residual between a 36/15K and 36/12K lease would account for the $6000 difference in selling price...but maybe Car_man could very well prove me wrong since he is the expert when it comes to car lease figures.
And oh yeah--my credit score was (unfortunately for me) quite a bit lower than yours...meaning that the rate I got was probably higher than what you may very well wind up with...thus making it a bit more harder to understand how your monthly payment could be the same as mine.
FWIW--I notice you're in Roseville, CA (I'm from Rocklin); you wouldn't happen to be getting those quotes from Lexus of Roseville? I ask because when I was shopping for mine, L of R would not even touch the deal I got from Coliseum Lexus of Oakland (that was back in 8/06, but I would imagine L of R still won't be willing to compete w/ many of the Bay Area Lexus dealers since they really believe the majority of folks who live in the Roseville/Rocklin area must be earning tons of money). Guess where I wound up buying my ES from? Definitely not from Roseville...
#176 of 812 Re: Money Factor Buy Down [Car_man]
Jun 26, 2007 (1:54 pm)
Sorry put this in the wrong car category
Hey car_man sent this to your email but repeating it here to make sure:
i've least a couple of Lexuses(or Lexi) in the past. Both times I was able to use multiple deposits to lower the money factor. Was also able to do this with a BMW lease. Do you know if it is still possible with Lexus and what the discount would be per deposit? I believe the last time (on a 1999 GS400) it was .0001 per deposit.
#177 of 812 Question for car man or any other tenured lessees
Jun 29, 2007 (12:43 pm)
Thanks for all of your contributions you've made to this forum.
I must admit that I am a beginner. I have not owned a car in seven years as I had a company car, however, a job change is requiring me to assume a personal car. That being said, I will only need a car for about 24 months and therefore am considering leasing. I have never leased before.
I want to lease the 2007 Lexus ES350 (UL and NV option packages) for 24 months (FMV=$39574), with little or no money down and 12-15k miles per year. My credit score is 755.
*I need to know what difference the downpayment makes in terms of anything beyond lowering your monthly payment?
*What difference will the 24 month period make positively or negatively in the lease negotiation?
*Is it better to lease directly from a dealer or using a third-party such as my local credit union?
*I need tinted windows, as I live in AZ, how is that negotiated
*Any other general tips as I begin to dive in?
Thank you in advance,
Nervous to lease
#178 of 812 Lease Question on ES350 Premium Plus with no Nav
Jul 03, 2007 (1:06 pm)
Interested in getting the lease price on the following ES350 (no Nav).
Premium Plus Package Includes:
- Leather-trimmed interior
- Heated and ventilated front seats
- Driver's seat power cushion extender
- Lexus Memory System to control power driver's and front passenger's
seats (except lumbar), outside mirrors and steering wheel
- Electrochromic outside mirrors with tilt-down in reverse
- Rain-sensing intermittent windshield wipers with mist cycle
- Wood- and leather-trimmed steering wheel and shift knob
- Bluetooth® Audio
- Power rear sunshade
- Full-size spare tire with 17-in alloy wheel
- Rear seat side airbags
- Preferred Accessory Package (includes Cargo net, Trunk mat and Wheel locks)
MSRP is $38157...offered at $34798. Residual is $20604.78. First month down and monthly payment of $599 (includes 8.25% Tx tax) with a money factor of .0035. Everything sounds pretty good except the money factor as I believe it is a little high. The rep told me they can decrease the interest rate from 9% to 7.2%. Is this a good deal?
#179 of 812 Lease on ES 350 Luxury.
Jul 13, 2007 (4:58 pm)
I am looking to Lease an ES 350 with the Ultra Luxury Package. The MSRP on the of the car is $44,411. I am looking to get the lease payment below $600 before taxes. Is that possible? What would be the going rate for that car?
Anyone else recently lease one?
#180 of 812 Re: Lease on ES 350 Luxury. [rozylex]
Jul 14, 2007 (12:16 pm)
I don't believe it is realistic to get below $600. Mine was $34,700 and the payment was $599 (around 7% interest rate through Lexus leasing). If you can find an independent leasing company they may have a lower rate (I couldn't find one in Austin that beat Lexus). These cars are popular, so Lexus doesn't need to give great rates.