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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
478 messages, Last post on Dec 05, 2009 at 11:14 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jpackel (May 23, 2008 5:02 pm) Buying a meal and buying a car are not fair comparisons. A volume (near luxury) vehicle like the ES is gonna' fleet out at $500 or below all day long - anyway you look at it, it's a mini for the sales guy. As a salesman (which I'm guessing you are), you know that there aren't many vehicles in the market nowadays that can hold substantial gross. Blow 'em out, bonus out - that puts food on the table on a much more consistent basis than trying to nickel and dime a well-educated buyer. If customer is savy enough to ask around for the captive numbers and has a strong bureau, as long as his deal is reasonable, wrap it up. |
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Replying to: jpackel (May 23, 2008 5:02 pm) BTW It is a buyers market right know. |
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Hello all,  Does anyone know what, if any, restrictions there are with the $1000 Customer Loyalty cash that LEXUS is offering prior ES owners? Can I use it as a Cap cost reduction, in lieu of inception money, or any another way I may not have thought of? I would prefer to use the $1k to reduce my cash out of pocket  closing, you know use it to pay my 1st months payment, tag transfer fees, taxes and bank (acquisition) fee but the dealer wants to use it as a cap reduction to lower the cost of the car. (Big surprise!) Any thoughts out there???
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Replying to: sfla_car_guy (May 25, 2008 2:02 pm) |
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Replying to: jpackel (May 23, 2008 4:56 pm) |
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Hi, I am new to this forum and would appreciate any help. I am leasing for the first time ever and thinking of ES350. Been doing some research, but I guess your specialized advice is worth so much more. So, here it is: Was offered by a dealer in NY area: 1) a lease with $800 down (first month, etc) and $467/month for 36 months, 10 K miles, MSRP $37,400 for the car with the premuim package and 2) lease with $1200 down (first month, etc) and $528/month for 36 months, 10 K miles, MSRP $42,500 for the car with the NAVI. Please let me know what you think, would appreciate any useful input that will help me make the decision by the end of this month. Afterwards, dealer says, rates will change. Grateful, John |
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Replying to: john252 (May 30, 2008 8:20 am) - Sales Price - Money Factor he is quoting you - Residual rate for your model - Tax Rate I'd suggest you focus on the actual price that he is charging you and the money factor as your monthly payment is a result of a math problem based on those two key figures! Best of luck... also, he may be telling you the rates are going to change to pressure you into buying -- don't let him. They may in fact change (and there maybe someone on this board that knows) but don't let that PRESSURE you into a deal that doesn't feel good - because they could go DOWN!... Good luck!
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Replying to: brian1848 (May 30, 2008 9:21 am) I'll try to obtain those figures and get back to the forum. |
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Replying to: brian1848 (May 30, 2008 9:21 am) Here are the figures you requested: - Sales Price : 1) $33,000 2) $37,300 (Navi) - Money Factor : .00120 - Residual rate: 54% for both models - Tax Rate : 7.375 Again, this is the offer: 1) a lease with $800 down (first month, etc) and $467/month for 36 months, 10 K miles, MSRP $37,400 for the car with the premuim package and 2) lease with $1200 down (first month, etc) and $528/month for 36 months, 10 K miles, MSRP $42,500 for the car with the NAVI. Please advise at your earliest if you can. John
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Replying to: john252 (May 30, 2008 10:37 am) |
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