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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: bonura (Jul 29, 2008 12:33 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.
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Replying to: scoot84 (Jul 29, 2008 6:18 pm)
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Replying to: kyfdx (Jul 29, 2008 6:23 pm) Thanks for the quick feedback. |
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Replying to: bonura (Jul 29, 2008 12:33 pm)
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2008 ES350 PM - Premium Package HL - HID Headlamps HH - Heated and Ventilated Front Seats PA - Parking Assist WU - Wood and Leather Steering Wheel DC - Bluetooth Audio BE - Rear Seat Side Airbags HN - Power Rear Sunshade FS - Full Size Spare Tire $35,000 (thats roughly $230 over invoice) 36 month lease with 12k miles per year at $438.37 / month Just inceptions plus first month payment due (roughly $1500 at signing) Are these fees they say are part of inceptions standard: Bank Fee, Doc Fees, DMV Fees, Tire Tax. I believe this is a good deal. I worked it pretty hard. What do u all think before I go down to finalize?
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Replying to: qkslvr (Aug 01, 2008 9:57 am) |
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Replying to: scoot84 (Aug 01, 2008 12:33 pm) I just used the Edmunds.com lease calculator. (http://www.edmunds.com/advice/leasing/articles/48365/article.html) Also, Bank Fee, Doc Fee, Tire Tax are BS fees, and especially at $1060 (=$1500 inception - $438.37 first month's payment). TTL is legitimate = Tax, Tag, License. Tag and License =$200 so $1060 is overpaying by $860.
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Replying to: climbonboard (Aug 03, 2008 10:33 am) Also, what about the destination charge of $850? Is that legit? I am going to the dealer on Monday night to discussgetting this deal done and would love to know if I should stand hard on the fact I am not paying those fees. Thanks again. |
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Replying to: wrinni (Jul 21, 2008 6:36 pm) The $600 acquisition fee is legitimate. LFS charges this fee on every vehicle that it leases. The doc fees on the other hand vary from dealer to dealer. While most dealers charge one, some dealers charge a lot more than others. Make sure to look at the $600 doc fee as part of your car's total selling price. If you feel that your total selling price for the ES that you want including the fee is lower at this dealer than it would be elsewhere, go for it. If not, you might want to shop around. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: qkslvr (Jul 24, 2008 6:58 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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