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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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#245 of 478 Re: Lease rate for a 2008 ES [nomisny] by Car_man HOST Jan 29, 2008 (3:30 am)
Replying to: nomisny (Jan 22, 2008 1:20 pm) Hi nomisny. The car that you mentioned probably has a spread of around $4,400 between its full MSRP and its dealer invoice price. I will work up a sample payment for you, assuming that you are able to get it for around $1,000 over invoice. It will probably take a dealer discount of around $3,400 to get there. If you are in an area that has a decent level of competition, you may be able to do better than this. 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 similar cars lately.   According to my calculations, if you were to lease a 2008 Lexus ES 350 that has an MSRP of $38,405 and a selling price of $35,005 through Lexus Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $539.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#246 of 478 About to Plunge by skywalker3333 Feb 17, 2008 (9:02 pm)
Hi Guys - this is a wonderful forum. My last month of my current lease is April. I know intrest rates have fallen recently. Am I better off waiting to lease my new ES350 until April - or do it now when rates have dropped a bit? There is no penalty in the lease after March 5th... Can you advise the current MF's - and whether a 36, 42, or 48 month lease is best?   Thanks Replies to this message: Car_man (Mar 05, 2008 2:26 am)
#247 of 478 Re: About to Plunge [skywalker3333] by Car_man HOST Mar 05, 2008 (2:26 am)
Replying to: skywalker3333 (Feb 17, 2008 9:02 pm) I'm glad that you enjoy this forum so much, skywalker3333. Here's Lexus' new lease program for the ES 350. If you were to lease this car through Lexus Financial Services prior to March 31st, its buy rate lease money factor and residual value for a 24 month lease with 15,000 miles per year would be .00155 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00155 and 54%. Its 48 month numbers are .00155 and 45%. If the vehicle that you are currently leasing is also an ES 350, you are eligible for a special $1,000 owner loyalty incentive if you lease a new one. Make sure to take this cash into account when negotiating your car's selling price. It is difficult to say what this car's April lease program will be like. There is a chance that LFS will enhance its money factor slightly, but I believe that it is scheduled to publish its second quarter residual values in April. Any drop in this car's residual values, which is likely, would at least partially, if not entirely, offset any improvement in the money factor.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#248 of 478 ES 350 by smith83 Mar 05, 2008 (5:34 am)
Hi Car_Man.   I have been offered the following deal on a Lexus ES 350:   MSRP w/XM $37646 Sale Price for March $35000 Lease End Residual $18528.84 Money Factor .00205 36 mos. $619.59 w/$619.59 total down   What do you think?
#249 of 478 ES 350 lease rate by sextonm Mar 17, 2008 (6:18 am)
Hey Car Man,   I'm in the process of evaluating a first time lease agreement and I wanted to run the numbers by you to get your opinion.   For the 2008 ES 350:   MSRP $42,300   Sale Price $39,900   term 36 months   Residual money factor 54%   Money Factor .00265   The concern that I have is the money factor. Does this number look high to you? What's the typical money factor range and can this number be negotiated?   Also, is it recommended to go with as little money down as possible?   thanks,   Sextonm Replies to this message: ocautoseeker (Mar 18, 2008 12:31 am) Car_man (Apr 22, 2008 2:15 am)
#250 of 478 New Quote from Southern CA by laderaking Mar 17, 2008 (5:59 pm)
Lay it on me....is this a good one?   24 month 12000 miles MSRP 37,8000 (no Nav) selling at invoice of 33861, $1000 out of pocket, 62% residual, . 00155 buy rate on money factor, payment of 545.88 +tax = 588.10 inc tax. Offer ends by March 31. Replies to this message: ocautoseeker (Mar 18, 2008 12:41 am)
#251 of 478 Re: ES 350 lease rate [sextonm] by ocautoseeker Mar 18, 2008 (12:31 am)
Replying to: sextonm (Mar 17, 2008 6:18 am) Car_Man is a busy guy so I'll step up on this one...   Residual value is correct. Current LFS base rate is .00155. If your credit is 720+, you qualify for LFS Tier1+ credit tier and should be given the above rate. You need to ask for it, otherwise they'll take advantage and "mark the rate up" as they have done thus far .00265.   If you live in a competitive region, they need to reduce your cap cost (selling price) by another $2000-$2500 to get you right around invoice.   Lexus charges a $600 lease acquisition fee on this vehicle and most dealers will cap the cost into your lease, however, you can pay it upfront or as part of your drive offs. The figures below represent payments with and without the acq fee capped into your payments.   Judging by the numbers you've provided, they're probably quoting you between $638 and $655 + tax. Realistically though, with a more aggressive cap cost/selling price and utilizing the buy rate money factor, payments should be more in-line of $510 - $527 + tax.   Do not make a down payment/cap cost reduction on a lease. Just pay your 1st mo. and dmv fees upfront. Again, you can pay the acq fee upfront too, or cap it into your lease. There might be a security deposit required. Have to check, but willing to bet it's waived for tier 1 + customers. Replies to this message: Car_man (Apr 22, 2008 2:15 am)
#252 of 478 Re: New Quote from Southern CA [laderaking] by ocautoseeker Mar 18, 2008 (12:41 am)
Replying to: laderaking (Mar 17, 2008 5:59 pm) Numbers look pretty much right on... go for it!
#253 of 478 LEXUS 350 lease quote by lovelaurel Mar 19, 2008 (6:39 am)
From what I can tell, this appears to be a good quote - comments?   ES 350 MSRP 37800 $2,812 discount no NAV, but standard upgrade pack tax included acq fee rolled in no down 1st payment included 15,000 miles per, 48 months 511.34 month central ohio by march 31
#254 of 478 April Lease Figures-Lexus 350 by sproli Apr 07, 2008 (4:21 pm)
Am looking to lease in the Miami area this month, as my current car lease is up. Does anyone have figures for April? An incentives? Would like 36 or 39 month lease. No money down (advisable). Leasing prices, etc. Would appreciate any imput ASAP.. Thanks. Miami Gal

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