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Lexus ES 350 Lease Questions

471 messages,  Last post on Nov 21, 2009 at 7:43 AM

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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#378 of 471
Re: Mileage costs [teasip] by kyfdx HOST
Nov 06, 2008 (7:25 am)
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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 471
Lexus ES 350 Lease question by howdyman
Nov 06, 2008 (10:03 am)
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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.
#380 of 471
Mileage costs by teasip
Nov 06, 2008 (3:51 pm)
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Thanks for the additional information.
#381 of 471
Re: nov #s [twodomes] by Car_man HOST
Nov 09, 2008 (4:53 pm)
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Replying to: twodomes (Nov 05, 2008 10:09 pm)

Here you go, twodomes. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 ES 350 with 12,000 miles per year are .00035 and 49%, respectively. The 10k residual value for this car would probably be 1% higher than that.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#382 of 471
Re: Lexus ES 350 Lease question [howdyman] by Car_man HOST
Nov 09, 2008 (4:57 pm)
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Replying to: howdyman (Nov 06, 2008 10:03 am)

Hi howdyman. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 ES 350 with 10,000 miles per year are .00090 and 54%, respectively for consumers who qualify for its Tier 1+ credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#383 of 471
Re: Lexus ES 350 Lease question [Car_man] by howdyman
Nov 10, 2008 (4:34 am)
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Replying to: Car_man (Nov 09, 2008 4:57 pm)

thanks Car_Man--this is just what i needed!!
#384 of 471
Re: Lexus ES 350 Lease question [howdyman] by Car_man HOST
Nov 14, 2008 (4:33 am)
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Replying to: howdyman (Nov 10, 2008 4:34 am)

You're very welcome, howdyman. good luck and make sure to stop back to let us all know how everything turns out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#385 of 471
Re: Lexus ES 350 Lease question [Car_man] by noojerrz
Nov 14, 2008 (11:14 am)
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Replying to: Car_man (Nov 14, 2008 4:33 am)

Hi all.
Looking for some feedback on this 36 month, 12K mi/year lease deal in NJ that I negotiated today. I think it's pretty good, but I'm looking for confirmation or feedback:
 
2009 Lexus ES350: Nav, Premium plus etc MSRP: $41,375
Negotiated selling price: $37,000
 
Bank Fee (700) DMV (187.50) Doc (249) Tire tax (14.95): Total: $1,151.45
Cap Cost: $1,700
First Month (including 7% sales tax): $456
 
Total Out of Pocket: $3307.45
Month Pymt (incl 7% sales tax): $456
 
Money Factor applied: .0009 (2.16%)
Residual: 53%
 
Do you guys think this is a good deal, or is there room for more? Looking fwd to the replies. If it's positive, I'll go get this thing tomorrow.
#386 of 471
Re: Lexus ES 350 Lease question [noojerrz] by noojerrz
Nov 14, 2008 (11:19 am)
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Replying to: noojerrz (Nov 14, 2008 11:14 am)

real quick addition to the above, I am not a current Lexus ES owner or lesse so I don not qualify for the $1000 loyalty rebate.
#387 of 471
2008 ES350 Lease in South Florida by fsudreyer
Nov 17, 2008 (4:27 am)
Reply
I just leased a premium plus with xenon ES350 for $450/month for 36 months with 15K miles per year. The buy rate on this car is an unbelievable .00035 which is approx .84%. The total out of pocket was $1500 at Lexus of Pembroke Pines. The salesman was great. The experience was great. They have about 15 more '08's left. The retail on the car was 39.5K. Good luck to everyone.

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