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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
316 messages, Last post on Jul 21, 2008 at 7:36 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: colslick (May 07, 2008 1:32 pm) 2008 Lexus ES350 Sedan (non-Ultra Luxury) 24 M – Residual 58% – .00085 36 M – Residual 52% – .00085 48 M – Residual 43% – .00125 60 M – Residual 34% – .00225 Residuals assume 15k annual miles. Add 2% for 12k annual mile, and 3% for 10k annual miles.
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Should I apply for financing through LFS before I ask for lease quotes from dealerships? I would like to know if I am in the Tier 1 category before I start negotiating.
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Replying to: ocautoseeker (May 11, 2008 11:28 pm)
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