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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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Replying to: ocautoseeker (May 11, 2008 11:28 pm)
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Replying to: moecal (May 12, 2008 12:14 pm) The base rates listed for the ES assume that the lessee qualifies for LFS's Tier 1 + credit tier, which is currently 720 FICO or higher. If you're between 700-719, you'd be considered Tier 1. |
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Replying to: colslick (May 12, 2008 7:00 pm) Don't get me wrong, they are both great cars, but it will probably come down to where your loyalty falls... Toyota or Nissan? |
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According to Experian, I have a 770... but I've been told by other dealerships in the past that your FICO is not the same score used when purchasing a vehicle. Below is the quote I got yesterday through the Lexus Roseville, CA Internet Manager: Premium Plus w/Nav. 12k mi./yr. MSRP $42,534 Cap Cost: $38,818 (he says this is invoice) Residual: $22,969 (54%) .00155 Money Factor (told me that's all Lexus offers and he can't go any lower) Drive off: $1,047.85 . |
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Replying to: moecal (May 13, 2008 11:23 am) I recently posted the may numbers so check those against what the dealer is quoting you. At .00155, he's definitely marking up his rate to build profit into the deal. It's certainly not illegal for him to do that, but with your excellent credit, you deserve the buy rate money factor. If they won't utilize the buy rate money factor, find another dealer - simple as that. There is nothing wrong with letting him know that you know the numbers. I always advise prospective buyers to be firm, but be polite. He needs the deal more than you, especially when there is competition - remember that. Double check his invoice against Edmund's or KBB. His invoice will be off about $400-$500 as it accounts for a regional advertsing fee.
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Replying to: car2008 (May 07, 2008 8:38 pm) Unless you are really rough on your cars, I personally would pass on the excess wear and tear coverage as well. Most manufacturers' captive finance companies are very reasonable when evaluating the lease-end condition of vehicles that are being returned. It doesn't make sense for an automaker to nickel and dime a lessee to death and risk making them mad enough that they won't purchase or lease another vehicle from them. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: nydesi80 (May 09, 2008 11:10 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 16, 2008 3:16 am) |
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Hello. Brand new here, so not sure about all the money factor, cap cost, and residual value calculation. I wish there is a way to use a calculator to find out what the monthly payment will be. Anyway, called around dealership in my area, asking for a quote on downpayment and monthly. Mission Viejo quoted: - $2000 (net cost when I leave parking lot) - $399 /mth (everything included) Is this a good deal on lease of ES 350 non navigational? thanks for help
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Replying to: colslick (May 07, 2008 1:32 pm) |
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