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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
364 messages, Last post on Sep 01, 2008 at 9:59 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: heidibrat (Jun 15, 2007 9:46 pm) 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... 
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Replying to: Car_man (May 15, 2007 2:44 am) Hey car_man sent this to your email but repeating it here to make sure: Hey carman; 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. espo1 
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Replying to: Car_man (Jun 20, 2007 3:23 am) 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
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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 Additional Options: - 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?
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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?
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Replying to: rozylex (Jul 13, 2007 4:58 pm)
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Replying to: mmarketos (Jul 14, 2007 12:16 pm) To be fair--sales tax can affect how much your monthly payment can be ($6 for every 1% at $600); however, if your monthly payments are $599 on a $34,700 purchase price...either the sales tax in your state is really high, or maybe your term is a 3 yr/15k mile one? |
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Replying to: tdoh (Jul 20, 2007 11:40 am)
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Replying to: tocapalla (Jul 20, 2007 12:59 pm) Are you sure about that money factor? Is it 3.55% or .00355? If so that would equal 8.52% APR. The 53% residual maybe OK you are way into the 2007 new car year. or because of the 39 month deal. Why 39 months? And not including sales tax. What state do you live in and what is there rate. In Pennsylvania although sale taxes is 6% leases are rated at 9%. O down is smart. Ask about buying down the money factor with multiple deposits.
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