Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
366 messages, Last post on Sep 05, 2008 at 2:42 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: john252 (Jun 08, 2008 6:19 am) When you mean premium audio you mean the Mark Levinson right? |
|
On ES350, I was offered $520/mo lease with $1500 down for 10k mi/yr, 36 mo includes nav system and XM radio. Is this a good deal, car_man? I don't know the MF. I will probably just lease again at the end of the 36 months so I am not so interested in factors - basically, the lowest bottom line monthly payment is my main focus. Thanks!
|
|
|
Replying to: mrusso (Jun 24, 2008 6:56 pm) Educate yourself, you'll be glad you did. |
|
|
Replying to: mrusso (Jun 24, 2008 6:56 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
I am trying to lease 08 ES350. From what I'm seeing on this forum, I think it's not a great deal. I think I should be in tier 1, my credit score is over 750. The lease is for 36 months with 10k a year. No money down, first month payment, they're asking for 525+ tax. Does that seem right? The dealer also told me that there are other additional charges like 600 bank fees and 638 doc and title fees. But I still think the payments are very high. Thank you for your help. MSRP 37520 Cost 33785 Residual 53% Money Factor .00150
|
|
|
CarMan, I am trying to lease a 08 ES350 with the Ultra Package. Current offer is: MSRP 45225 Cap Cost 42970 Money Factor .0020 Residual 52% 10K miles / year 36 month lease tax credit (eliminates sales tax) I feel the money factor is too high, but I called another dealership and was told the same rate.The Houston dealers seem to be aligned in their pricing, rates, etc. Are these the current rates?
|
|
|
Hi all, I am in the process of trying to find a deal on an 08 ES 350 for my wife. I have engaged a few local NJ dealers via the internet. I basically asked them to furnish the current money factor and residual based on 3 year and 36k mile lease. A few of them told me the august MF and residual would be coming out on the 24th (today.) If you get word of what the new MF and residual are can you post it here asap. I greatly appreciate this forum as I used it to lease my MDX at dealer invoice. If it weren't for this forum I know I would have been robbed. Regards, Scott
|
|
|
OK, I just got back from leasing the 2008 es350 with Ultra luxury plus ML audio and accessory pkg. MSRP 45225 selling price 41450 ($3775 off MSRP) tax credit (saved $2580 sales tax) money factor .00125 (quoted .00165) residual 51% 10K miles /year $23064 $1000 down / payments $599 36 months Residuals are the same as earlier in July.I tried to use MSDs to buy the rate down, but they said no multiple security deposits on the promotional rates. |
|
| I am trying to lease an ES350 and am just not sure how good of a deal this is based on other postings. Similar to posting #319 I too am doing a deal on a Ultra Luxury package with ML audio and satellite radio with almost identical MSRP of $45,224, sell price $42,724 is $1200 higher and my residual is lower at $21,700, AND I do 15,000 miles a year not 10K. So, this is a factor. Speaking of factors I don't know the MF they are using. Nothing down...don't see the point on a lease except to lower the monthly note...anyway, the monthly note quoted to me is $778. This is significantly different than $599 in the other post but I have nothing down and more miles factored in. So, is $778 a decent deal or not? Are the $178 more worth the extra 5K miles and $1000? | |
|
Replying to: bonura (Jul 29, 2008 1:33 pm) The money factor is fantastic, but the residual in my opinion is ridiculous. If you look at just about any car that I consider to be in its class ie: MB C300, Audi A4, BMW 328, Infiniti G35/37 they all have residuals of 56% and upwards of 59%. I know we rarely will get a money factor as low as .00065 and a residual at 56+%, but 52% in my opinion is insulting. I had a discussion about it with a salewoman at a local NJ dealership. She was ranting an raving about how much more u get with the es350 than any of the other cars I mentioned and how much better the car is in general. I asked her how then is it that the car loses on avg 5% more to depreciation than the other "inferior" vehicles. She didn't have much of an answer other than...u clearly like the car or you wouldnt have inquired. I can not buy / lease a car if I feel like I am being swindled simply because everytime I see it or drive it I will be annoyed by it. Has anyone ever had an experience where they were able to get the dealership to raise the residual or am I stuck to try to negotiate under invoice to make up for their unrealistic residual? For anyone that thinks I am being over sensitive go to a local lexus dealers website that will show their pre owned inventory. If they have a 2006 es330 (no nav) with roughly 36k miles I bet it will be for sale at roughly 27k. That car had a sticker of 35k. That is a residual of 77%. They are simply making a ton of money on the resale. I am all for them making money on the cars...but thats too much for me.
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2008 Lexus ES 350
Browse by Board
Browse by Topic
Today's Chats
