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Lexus ES 350 Lease Questions

814 messages,  Last post on May 24, 2013 at 10:24 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 23 of 83

#212 of 814 Re: Current Residual Values [phead2] by Car_man HOST

Sep 07, 2007 (2:50 am)

Replying to: phead2 (Aug 09, 2007 8:42 pm)
Hi phead2. I don't believe that Lexus is providing lease support on the ES 350 this month. Through October 1st, Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2007 ES 350 with 12,000 miles per year are .00285 and 54%, respectively. The numbers for an otherwise identical 48 month lease are .00285 and 44%. This lease program may vary slightly by region.
 
Car_man
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#213 of 814 Re: Lease questions [4barbara] by Car_man HOST

Sep 07, 2007 (2:54 am)

Replying to: 4barbara (Aug 19, 2007 9:17 pm)
Hey 4barbara. You would be better off waiting until the scheduled end of your current lease to get something new. Unless your leased car is worth way more than its residual value on the open market, to lease something now either you or your dealer will have to make your final four payments on it. If the dealer makes them for you it will hamper your ability to get the best possible deal on your new car.
 
You never mentioned the selling price or MSRP of the ES 350 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 what car's selling price is 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.
 
Car_man
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#214 of 814 Re: ES 350 Leasing [valew] by Car_man HOST

Sep 07, 2007 (2:58 am)

Replying to: valew (Aug 21, 2007 4:57 pm)
Hi valew. It's great that you know the selling price of the car that you are interested in leasing. Many consumers never find this important piece of information out. It is difficult for me to give you my opinion on it though without knowing this car's MSRP or dealer invoice price. These numbers will help me to determine how good a deal you are getting. Make sure to stop by the "Lexus ES 300/ES 330: Prices Paid & Buying Experience" discussion to see how much other community members have paid for this car lately.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#215 of 814 Re: Looking to get 07 ES350 [mrtrance] by Car_man HOST

Sep 07, 2007 (3:05 am)

Replying to: mrtrance (Aug 26, 2007 4:43 pm)
Hi mrtrance. The dealer invoice price of the car that you described is probably around $37,200 or so. When we subtract the $500 dealer cash that is currently available on this model from that we arrive at around $36,700. I personally doubt that it is possible to lease one for much less than that. If I could get this car for $36,166 through CarsDirect, I personally would go for it. I doubt that you can get this car for $35,000, but I am surprised that CarsDirect's price for it is so low. Try stopping by the "Lexus ES 300/ES 330: Prices Paid & Buying Experience" discussion to see how much others have paid for this car lately.
 
I don't believe that Lexus is providing lease support on the ES 350 in September. If you were to lease one through Lexus Financial Services right now for 36 months with 12,000 miles per year, your buy rate lease money factor and residual value should be .00285 and 54%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#216 of 814 Re: ES350 MSRP $38252 [oleg] by Car_man HOST

Sep 07, 2007 (3:11 am)

Replying to: oleg (Aug 30, 2007 11:38 am)
Hi oleg. The ES 350 that you are interested in probably has a spread of around $4,400 between its full MSRP and its dealer invoice price. When owe add the $500 dealer cash that Lexus is providing on it to this, we arrive at $4,900. The $4,970 discount that you are being given on this car looks very attractive to me. Just make sure that the dealer that you are working with uses Lexus Financial Services' buy rate lease money factor to calculate your monthly payment and you're in business. I believe that LFS' September buy rate for this car is .00285. This would drop to .00195 with the payment of nine additional security deposits.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#217 of 814 Re: End of Lease Questions [stevegotex] by Car_man HOST

Sep 07, 2007 (3:20 am)

Replying to: stevegotex (Sep 04, 2007 12:42 pm)
Welcome stevegotex. Since you have never leased before, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Lexus Financial Services or the dealer that you are working with should be able to provide you with the specific guidelines that Lexus Financial Services uses to determine exactly what considered is excess wear and tear. Generally speaking, I have found manufacturers' captive finance companies, like LFS, to be very reasonable when evaluating vehicles for excess wear and tear at lease-end.
 
Car_man
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#218 of 814 2008 ES350 with Nav Residual Value by acura_tl

Sep 16, 2007 (8:39 pm)

Car_man/Others,
 
What is the residual value at lease end for the 2008 ES350 for a 36 month/10,000 mile lease?
Is the MF for 2008 same as 2007?
 
I am interested in leasing a 2008 ES350 with Navigation System.
 
Thanks.

#219 of 814 Assistance Please with 2008 Lexus ES350 Ultra Lease Terms by integritas

Sep 25, 2007 (6:27 am)

Hi Car_Man,
 
I am a CPA assisting my Southern California clients in negotiating a lease on a
2008 Lexus ES350 Ultra+Nav+MarkLevinson.
 
They require a 15,000 mile/yr lease, 36 month term.
 
They have impeccable credit.
 
I would be grateful for your wisdom on these items:
 
. Lowest money factor
 
. Highest residual
 
. Sec Dep required? If so, lowest amount? & can it be capitalized?
 
. Lowest amount over invoice to pay [Edmunds shows ~ $1,500 for TMV]
 
. Your guidance for the dealer-installed high-markup-add-ons (where cost is not apparent): how to negotiate?
 
Much thanks!
 
And hope this assists the other enthusiastic folks who participate in this forum.

#220 of 814 Re: 2008 ES350 with Nav Residual Value [acura_tl] by Car_man HOST

Oct 11, 2007 (3:43 am)

Replying to: acura_tl (Sep 16, 2007 8:39 pm)
Hi acura_tl. Lexus is not currently providing any lease support on the 2008 ES 350. As a result, if you were to lease one through Lexus Financial Services right now you would have to use its standard lease program. LFS' buy rate standard lease money factor probably varies slightly by region, but it should be around .00275 for consumers who qualify for its top credit tier right now. LFS' current 36 month, 12,000 mile peer year residual value for an '08 ES 350 without the Ultra Luxury package is 58%. I am not sure if it offers leases with only 10,000 miles per year.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#221 of 814 Re: Assistance Please with 2008 Lexus ES350 Ultra Lease Terms [integritas] by Car_man HOST

Oct 11, 2007 (3:49 am)

Replying to: integritas (Sep 25, 2007 6:27 am)
Hi integritas. Lexus is not currently providing any lease support on the 2008 ES 350. As a result, if your clients were to lease one through Lexus Financial Services right now they would have to use its standard lease program. LFS' buy rate standard lease money factor probably varies slightly by region, but it should be around .00275 for consumers who qualify for its top credit tier right now. LFS' current 36 month, 15,000 mile peer year residual value for an '08 ES 350 with the Ultra Luxury package is 54%. I don't believe that LFS requires consumers who qualify for its top credit tier to pay a security deposit on their lease. It does charge a $600 acquisition fee on every vehicle that it leases though. This fee can be paid at lease signing or rolled into vehicles' capitalized costs.
 
I am not personally all that familiar with the market for the ES 350 right now, but it is a pretty high volume vehicle and your clients are in an area that has a lot of competition. If I was in the market for this car under those conditions, I personally would shoot for a selling price of $500 over dealer invoice and see what happens. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Lexus ES 350 Prices Paid and Buying Experience".
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 23 of 83

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