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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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#393 of 471
Pebble Beach Edition by travispete1
Dec 05, 2008 (2:12 pm)
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Does anyone know if the MF and residuals are the same for the Pebble Beach edition? Thanks. (Has anyone gotten a deal on one)
#394 of 471
Re: Lexus ES 350 Lease question [noojerrz] by Car_man HOST
Dec 08, 2008 (3:05 am)
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Replying to: noojerrz (Nov 24, 2008 4:59 pm)

You're very welcome, noojerrz. I'm glad that you enjoy the forums so much. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride !
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#395 of 471
Re: Lexus ES 350 Lease question [Florida52] by Car_man HOST
Dec 08, 2008 (3:08 am)
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Replying to: Florida52 (Nov 28, 2008 11:19 am)

Hi Florida52. The lease payment on the new ES that you are interested in will vary depending upon its MSRP and selling price. If you provide us with these key variables, if you don't have the selling price the dealer invoice price will work, either myself or another knowledgeable community member should be able to give you an idea of what sort of payment you can expect. You can find the pricing data that you need over in the New Vehicle Pricing section of this site.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#396 of 471
Re: Pebble Beach Edition [travispete1] by Car_man HOST
Dec 08, 2008 (3:12 am)
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Replying to: travispete1 (Dec 05, 2008 2:12 pm)

Hi travispete1. Lexus' lease money factors are the same for all ES 350 trim levels. Its residual values are the same across the board as well, except for on units that are equipped with the Ultra Luxury Package...which lowers the ES' resids by 2%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#398 of 471
lease values by michael123
Dec 08, 2008 (5:09 am)
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I was told that lease values for 2008 es350 are as follows for dec
 
36 months 10000miles residue 50% mf .000085
48 months 10000miles residue 41% mf .000085
 
can anyone confirm
#399 of 471
Re: Lexus ES 350 Lease question [Car_man] by bandj
Dec 10, 2008 (7:49 am)
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Replying to: Car_man (Nov 14, 2008 4:33 am)

What is the Residual and Money factor on 2009 ES350 for 36 month, 15,000/yr lease?
#400 of 471
2008 ES Premium Package by bulion33
Dec 10, 2008 (10:57 am)
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About to pull the trigger on this deal later today and needed some quick feedback to see if it's a good deal. Your help is much appreciated.
 
2008 ES 350 w/premium package
MSRP: 37,796
Selling Price: 32,595
Residual: 53%
Money Factor: .0010
$1000 drive off (including 1st month's, title, reg, etc.)
456.89/month including tax
 
Good deal???
#401 of 471
Re: 2008 ES Premium Package [bulion33] by travispete1
Dec 10, 2008 (2:24 pm)
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Replying to: bulion33 (Dec 10, 2008 10:57 am)

Its pretty good. I recently did a 36 mo lease on an 08 with nav and Pebble Bch package for 443/mo inc tax and 1400 drive offs incl 1st month. MSRP 42,600, selling price 35,500. I think I got lucky.
#402 of 471
ES350 lease in ATL by sebast23
Dec 10, 2008 (6:56 pm)
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Hello Car man and everyone, you helped me in the past with a new car purchase, now I am trying to help mother lease another Lexus. Her current Lexus ES330 lease is due to turn in on Feb 1 however she wants to buy now or at least before her Jan 1 payment is due, although not mandatory.
Could you please help with my math and leasing understanding?
Looking at 2009 ES350 to lease. (blk on blk) Eligible for $1000 loyalty money. Credit score 854 TransU,850 Experian, & 717 equifax. She is in the Atlanta GA area (Clayton County 6% tax)
MSRP on car is 41,395 Premium plus pkg. w NAV (other option that come with car is HL.PA,WU,BE,HN,FS)
Going to offer $37,000 for car, I believe the residual rate is 53% and the money factor that the dealer quoted me was .00105 for tier1+ credit (is the MF rate correct?)I saw elsewhere on site MF .0009
 
Inceptions
41.00 tag/title/lemon law
599.00 dealer fee
??? 1st month payment
(I was told Lexus charges 700.00 for new lease acquisition where does this get added to… inceptions?)
 
So here go’s
msrp 41,385X.53=21,934
 
37,000-21934=15,066
15,066/36=418.50 payment w/out interest and taxes
(37,000+21,934)X.00105=61.88 is interest
61.88+418.50=480.38 payment with interest
480.38+6% cty tax(28.80)=509.18 total monthly payment
Is this correct or should the monthly payment on this car be lower? She would like to put zero down.
what is invoice on the car

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