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Lexus ES 350 Lease Questions

472 messages,  Last post on Nov 25, 2009 at 12:37 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus ES 350, Car Leasing, Car Buying, Sedan


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#370 of 472
Re: current residual and money factor [ahsim] by Car_man HOST
Sep 26, 2008 (2:51 am)
Reply

Replying to: ahsim (Sep 12, 2008 12:43 pm)

Hi ahsim. The .00095 money factor and 51% residual value that you were quoted for a 36 month lease of an '08 ES 350 are right in line with Lexus Financial Services' current lease program for this model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#371 of 472
Will I get a deal now & internet info needed by mayfletcher
Oct 03, 2008 (9:13 pm)
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What kind of lease or purchase deal do yout think I would get now for a Lexus 2008 ES350 in the MD/DC/VA Metro area? Or is the economy bad enough for them I could do just as well on a 2009? Also when contacting dealers by internet what do I say?
#372 of 472
Current 08 Lease Advertisement by 10sfan
Oct 23, 2008 (9:31 am)
Reply
Is this a good lease offer for an 2008 ES 350? MSRP $38,269, 48 months(10,000 mi per yr) $399.00 month with $1,137.00 dwon which includes first month payment and acquisition fee and doc fees per year. WI tax is added at 5.5% to the monthly payment.
#373 of 472
Re: Current 08 Lease Advertisement [10sfan] by Car_man HOST
Oct 27, 2008 (3:52 am)
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Replying to: 10sfan (Oct 23, 2008 9:31 am)

Hi 10sfan. Can you tell if this is an advertisement that is being run by an individual dealership or is it a manufacturer sponsored ad? I have found that savvy consumers who comparison shop are usually able to beat the selling prices that manufacturers' advertised lease payments are based upon, and in turn get slightly lower monthly payments. Use this deal as a baseline for your negotiations and try to beat it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#374 of 472
Re: Current 08 Lease Advertisement [Car_man] by 10sfan
Oct 27, 2008 (9:49 am)
Reply

Replying to: Car_man (Oct 27, 2008 3:52 am)

Car man, Thanks for your reply. It appears to be a dealership advertisement. Another dealer in the Chicago area ran a similar add for 36 months term with $2600 cap cost reduction. Apparently they are using a higer cap cost payment with a 36 month term and no cap cost payment with a 48 month term.
#375 of 472
Re: Current 08 Lease Advertisement [10sfan] by Car_man HOST
Oct 30, 2008 (4:06 pm)
Reply

Replying to: 10sfan (Oct 27, 2008 9:49 am)

No problem, 10sfan.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#376 of 472
Mileage costs by teasip
Nov 05, 2008 (7:59 pm)
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One topic that I haven't seen mentioned is the difference in cost between mileage allowances. The standard Lexus lease at my local dealer is 10K mi/year however I would like to know in general how much additional expense one incurs to bump it say to 12K or even 15K? Does the increased cost vary per manufacturer? Reason I ask is that my 15, soon to be 16 y/o daughter isn't interested in the red Civic Si sedan that I purchased last year with the intention of giving to her the first part of next year (3 year note with additional funds being put back each month to allow for pay off in 2 years). The problem is that this is a manual transmission vehicle and she argues that a new driver shouldn't have to focus on shifting and driving at this point (argument could go both ways). That being said she might end up with the wife's paid for '04 IS300. If that's the case then both mom and myself will be in the market for two new leases (two lease payments cheaper than car payment and lease payment) if I were to sell the Honda. Another IS for the wife and an ES for me most likely.
#377 of 472
nov #s by twodomes
Nov 05, 2008 (10:09 pm)
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Hi car_man,
 
Looking for the MF and residuals for 10kmiles/year on the 2008 es350 for 36 months. Thanks!
#378 of 472
Re: Mileage costs [teasip] by kyfdx HOST
Nov 06, 2008 (7:25 am)
Reply

Replying to: teasip (Nov 05, 2008 7:59 pm)

Generally, the residual is reduced by 1%, to go from 10K/yr to 12K/yr..
 
Then, an additional 2% reduction from 12Kyr to 15K/yr.
 
This isn't universal, but is true for many makes/models.
 
On a $40K car, each 1% reduction in residual adds $400 to the lease cost, or about $11/mo. + tax to the lease payment.
 
Once you get over 15K/yr., then there is a standard charge for each mile, usually.
 
regards,
kyfdx
Host-Prices Paid Forums
#379 of 472
Lexus ES 350 Lease question by howdyman
Nov 06, 2008 (10:03 am)
Reply
To: Car Man
 
What is the MF for Tier 1+ credit tier and residual for '09 ES, 10K/yr, 36 month for the NY/NJ area? thank you.

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