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Lexus ES 350 Lease Questions

478 messages,  Last post on Dec 05, 2009 at 11:14 PM

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

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#225 of 478 assistance please with encore program by dfw_buyer Oct 28, 2007 (12:33 am)
Does anyone know if the Encore program for Lexus also applies if you had a previous lease with Toyota? If so how much is the discount? Also, do you have to have tier 1 credit to qualify or just have to have made all of your auto payments on time? thanks Replies to this message: Car_man (Nov 27, 2007 2:26 am)
#226 of 478 Re: 2008 ES350 with Nav Residual Value [ocautoseeker] by Car_man HOST Nov 27, 2007 (2:11 am)
Replying to: ocautoseeker (Oct 19, 2007 1:04 am) Hi ocautoseeker. Lexus Financial Services' residual values for 2008 ES 350 models that are equipped with the UL package are actually 2% lower than the residuals for models without the package. Unfortunately, I am not aware of any source that provides accurate information on manufacturers' actual lease programs to the general public.   As far as this car's price goes, if you are in an area that has a number of Lexus dealers within driving distance you definitely should be able to do better than full MSRP on this car. Make sure to stop by the "Lexus ES 350 Prices Paid and Buying Experience" discussion to see how much other community members have paid for their ES 350s lately.   By the way, you definitely should not make a $5,000 down payment when leasing. I always advise consumers not to make any capitalized cost reduction on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease even though it means that your monthly payment will be a little higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#227 of 478 Re: assistance please with encore program [dfw_buyer] by Car_man HOST Nov 27, 2007 (2:26 am)
Replying to: dfw_buyer (Oct 28, 2007 12:33 am) Hello dfw_buyer. Lexus Financial Services' Encore program provides a .00010 money factor reduction on the lease of a new vehicle to current lessees. I believe that this program is available to all consumers, regardless of what credit tier they qualify for. Having said this, the money factors that have been mentioned in this discussion are for consumers who qualify for LFS' Tier 1+ credit tier. If your credit isn't excellent, you will likely have to pay a higher factor to lease the ES 350 that you want than the ones that you have seen mentioned. I doubt that the Encore program is available to current Toyota lessees, but it wouldn't hurt to check with a dealer to see if it is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#228 of 478 Lease Cost During Dec. Sale Month by espo1 Nov 27, 2007 (2:14 pm)
Car man I notice you gave the multi deposit buy down as .00010. Most dealers are saying it is .0008. Is this BS? That could mean a extar payment of about $500 over the cost of the lease. Also A fleet sales person said that one may pay the interest up front intsead of throwing money at the cap cost to reduce the nut.( alot of leases in certain states collect the sales tax monthly through the lease payment ie PA Is this good? If a lease is terminated for ant reason do yoiu get you a sales tax back on unpaid portion? Replies to this message: Car_man (Nov 28, 2007 2:13 am)
#229 of 478 car man by debbie731 Nov 27, 2007 (6:40 pm)
I am interested in leasing the ES 350 with most of the options except navigation and what comes with it. We were quoted a purchase price of 36,500.00 for the car with a lease payment of 544.74 for 36 months 12,000 miles. I believe the residual on the car is 21,900.00. Our total payment for taxes, first payment, and bank fee is 2955.00. Is this a good deal? We live in New York near NYC. Thank you. Replies to this message: Car_man (Nov 28, 2007 2:14 am)
#230 of 478 Re: Lease Cost During Dec. Sale Month [espo1] by Car_man HOST Nov 28, 2007 (2:13 am)
Replying to: espo1 (Nov 27, 2007 2:14 pm) Hey espo1. The money factor reduction for multiple security deposits was .00010 the last time that I checked, but I suppose that it is possible that Lexus Financial Services has changed it since then. BMW FS lowered the reduction that it provides for additional deposits several years ago. Many banks allow consumers to pre-pay leases. While pre-paid leases are not interest free, consumers who pay for their entire lease in advance do receive a reduction in the money factor that is used to calculate the interest portion of their lease.   If you decide to terminate your lease early or your vehicle is totaled you will not receive a refund of the sales tax that you paid on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#231 of 478 Re: car man [debbie731] by Car_man HOST Nov 28, 2007 (2:14 am)
Replying to: debbie731 (Nov 27, 2007 6:40 pm) Hi debbie731. What is this car's full MSRP? This number will enable me to see how much of a discount you are being given on it and to use Lexus' current lease program to estimate what its monthly payment should be. Let me know and I'll tell you what I think.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#232 of 478 reply to car man by debbie731 Nov 28, 2007 (5:29 am)
The MSRP according to your site is 38,100.00 the TMV price is 37,972.00 not including the tax. Thanks in advance for your help.
#233 of 478 Corrected MSRP by debbie731 Nov 28, 2007 (4:41 pm)
Sorry I gave you the wrong amount because I wasn't sure of the options but I checked with salesperson. The invoice according to your web site is 37,520.00 and the TMV in my zip code is 37,394.00. You do not give an invoice price on your web site. Please also note that the dealer is paying off 1200.00 of our leased car (the remaining payments we will owe) as well. We are willing to keep our other car until the lease is up but the dealer said because of the Lexus December lease rates that when our lease is up the price will be more for us to lease than now since the next time Lexus has the special lease rates is July and our car is due back well before this.

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