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Lexus ES 350 Lease Questions

812 messages,  Last post on May 09, 2013 at 6:14 AM

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

Messages Page 21 of 82

#198 of 812 Re: Lease questions [tampa350] by Car_man HOST

Jul 31, 2007 (3:05 am)

Replying to: tampa350 (Jul 21, 2007 6:53 am)
Greetings tampa350. There's nothing wrong with leasing an ES 350 right now. In fact, its new special lease program isn't bad. Let's use it to estimate what your car's lease payment should be like. According to my calculations, if you were to lease a 2007 Lexus ES 350 that has an MSRP of $41,322 and a selling price of $36,980 through Lexus Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $564 assuming that you qualify for its Tier 1+ credit tier and pay a security deposit at lease signing. The payment for an otherwise identical 48 month lease would be around $535. I based these payments on 15,000 miles per year because that is the highest mileage allowance that LFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.
 
I always advise consumers against making down payments on leases because by doing so you are putting your money at risk. If your vehicle is totaled in an accident or stolen and never recovered during your lease, you may end up not being able to recover part of all of any money that you put down.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#199 of 812 Re: BUNK? [tocapalla] by Car_man HOST

Jul 31, 2007 (3:09 am)

Replying to: tocapalla (Jul 25, 2007 3:57 pm)
Hi tocapalla. Lexus just introduced "The Event" last week. It is now providing a special lease money factor of .00245 on the 2007 ES 350 for Tier 1+ customers (this factor may vary slightly by region).
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#200 of 812 Re: Money Factor Buy Down [searchingfor] by Car_man HOST

Jul 31, 2007 (3:11 am)

Replying to: searchingfor (Jul 26, 2007 8:38 pm)
You are correct, searchingfor. Lexus Financial Services' multiple security deposit program provides a reduction of .00010 for every additional deposit consumers make. A maximum of nine additional deposits are allowed.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#201 of 812 Re: Money Factor Buy Down [Car_man] by bluerascal

Aug 05, 2007 (2:29 pm)

Replying to: Car_man (Jul 31, 2007 3:11 am)
Hey Car_man-
Thanksfor all the great info. I got a quick question.. Who big is each additional deposit you talk about to lower the money factor by .00010? Is each deposit equal to a 1 months lease payment? if so what is the diffrence between doing this and making a down payment?
 
Thanks in advance.
blue

#202 of 812 Current Residual Values by phead2

Aug 09, 2007 (8:42 pm)

Can anyone tell me what the current residuals are for 36 and 48 months (12k)?
 
Thanks!

#203 of 812 Re: Lease on ES 350 Luxury. [tocapalla] by tdoh

Aug 13, 2007 (4:36 pm)

Replying to: tocapalla (Jul 20, 2007 12:59 pm)
tocapalla--sorry for the late reply; the MF they cited you is .00355; if the sales and/or finance person isn't gonna budge on the MF--especially given that they hadn't even run your credit at that point--better find another dealership. If your FICO-II credit score (this takes into account your income level since it factors your debt-to-income ratio, among other things; your main FICO score doesn't) is 700+, you should definitely be quoted a much lower MF than .00355. If not, then maybe Lexus Financial might cut you some slack and bump you up a Tier level just to sweeten the deal...probably more so, given the Lexus promo that's currently going on.
 
The residual on my lease is 60%--the higher residual on my lease (compared to the one you mentioned) could be due to a combination of the particular model I purchased (UL) and the fact that I purchased mine back in 8/06...meaning that I doubt a '07 model purchased in mid-'07 would still carry the same residual percentage as that of an identical '07 model purchased mid-'06...but I could be wrong here.
 
In any case--if indeed there is no sales tax on vehicle leases in your state, then based on the numbers you provided (including the revised lease term of 35 months), your pre-tax monthly payment calculates to roughly $640/month, so the quoted rate isn't THAT ridiculously far off...IF some sort of sales tax was factored into that quote.

#204 of 812 Re: Lease questions [Car_man] by 4barbara

Aug 19, 2007 (9:17 pm)

Replying to: Car_man (Jul 31, 2007 3:05 am)
What would you say for a price for 12k per year on a 350.
My wife also has a ES300 2003 with only 32k on it White/Tan interior and have 4 payments of $525 left.
How does this factor into the equation?
Today at the Keyes Lexus in Valencia, Ca we were quoted first
$594 with $3500 and with the trade-in. Then after we squwaked because we already had 2 Lexus's from the same dealer they reduced the price. $564 w/ $974 down and 12k miles per yr.
In both cases the lease was 48 months and they never even did the credit check.
PLEASE!! What's your opinion.

#205 of 812 ES 350 Leasing by valew

Aug 21, 2007 (4:57 pm)

The following is an offer we got on ES350 with premium plus pkg. We would appreciate your opinion on this offer.
 
Suggested price $38,200
12,000 miles per year
$450(including tax) per month
36 months
$3,000 out of pocket (includes tax and others)
 
Thank you for your input.

#206 of 812 Looking to get 07 ES350 by mrtrance

Aug 26, 2007 (4:43 pm)

I'm in the market for 07 ES350 with Premium Plus/NAV/HID/Preferred Accessory Package. MSRP is $40,627. Carsdirect has it for $36,166. Do you guys think I can get this vehicle for $35,000 + TTL? Anyone know the residual and MF for 12K/36mo lease for August? I think my price is like $1200 under invoice I believe.

#207 of 812 ES350 MSRP $38252 by oleg

Aug 30, 2007 (11:38 am)

I HAVE quote $ 33500
LEASE 12k 36MON.
 0 DOWN JUST UP FRONT COST + 9MSD
  $470 MONTHLY PAYMENT(INCL.7% TAX)
IS IT GOOD DEAL?

Messages Page 21 of 82

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