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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
313 messages, Last post on Jun 24, 2008 at 6:56 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I just got a price quote on a Tier 1 - Sign N Drive lease on an ES350 from PA dealer. Here are the details: List price: $42025, selling price $3799, dealer cost $37930.80 Cash down $3500 Inception fee $694.94, excess /equity $2805.06 Residual value $21853 (52%) Mileage adjust $840.50 Mileage adjust +2% Annual miles 12000 Discount/Buy Rate .001350 Not having shopped leases in a while, how does this compare? Thanks, Phil |
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I forgot to put in the price $449.49 + 9% lease tax, $489.94. Phil |
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Replying to: ocautoseeker (Mar 18, 2008 1:31 am)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Following is the deal in MA: ES350 navi + prem plus + few extras MSRP: 42314 (new price this week) invoice: 37520 sale price = invoice price no cap reduction 36mo/12K Residual: 23117 $543 per month (incl 5% tax) Is this a good deal? Thanks!
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Replying to: car2008 (May 06, 2008 8:03 pm) Reason I ask: Based on LFS's current numbers, with the numbers you provided, that lease (including tax) should have you at monthly payments of $499.67. Now, if you capped all of the above into your lease payments so that $0 was due at inception, then $543 sounds more reasonable. If this is not the case, they probably inflated your rate. Be sure that they are utilizing the base rate money factor of .00125.
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Replying to: ocautoseeker (May 06, 2008 11:42 pm) The money factor they used is 0.00155 but they do get evasive on that. How do we know the current LFS MF and how to convince the dealer of that? Thanks! |
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I've had 2 dealers quote leases with higher MF than the .00125 Apr rate . I don't know if the May rate went up or they are inflating for profit. Does anyone have the May rates for 36/15K. Also they quoted me an msd rate of .0000875 per each deposit instead of .0001. Is this an LFS change or another profit pool for dealer? I know BMW lowered theirs some time ago. Thanks for any help here. |
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Hello car_man or anyone who has insight into this, Lexus Dealership offers couple of plans with a ES350 lease: LexusCare - prepaid service plan for all routine maintenance  33 per month. This is about $1580 over 4 years. Is this worth buying? (is the cost of maintenance recovered by this??) Excess wear and tear coverage plan - to cover scratches or dents or other wear and tear etc upto $5000. The cost is $16 per month or $800 over 4 years. Do you recommend buying any of the above plans? Thanks in advance for your help.
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ES 350 w/nav (no mark levinson) MSRP: 42,xxxx Selling Price: 37,500 10k/36months Due at signing: $2674.58 (this include DMV, first payment, taxes, bank fee and registration) Monthly Payment: $470.76 12k/36months Due at signing: $2714 (this include DMV, first payment, taxes, bank fee and registration)Monthly Payment: $481.96 Money factor they are using for both leaes is .00120. Is there any incentives that they have they can get or is this as low as Im going to get?
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I'm picking up my Lexus ES 350 on Tuesday, and I'm debating whether or not to buy the Lexus maintence package for $1,400.00. I'm leasing the Lexus for 3 years. It covers an oil change every 5,000 miles + the major tune-ups at 15, 30, and 45,000 miles. I'll probably return the car when the lease is up. Do You think that it's worth it buying the package. Thank You, James |
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