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Prices Paid: Buying & Leasing Experiences 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
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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
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Replying to: Car_man (Nov 14, 2008 4:33 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???
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Replying to: bulion33 (Dec 10, 2008 10:57 am) |
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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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Replying to: bulion33 (Dec 10, 2008 10:57 am) |
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CarMan thank you for the reply. Today I went to the dealer and the offer on the table is $490 per month including tax,title and fees for a Black/Black Premium Package Plus. I would pay off the Volvo ( $2200 ) directly to Volvo financing and $300 out of pocket to Lexus which includes first month. 36 months lease / 12k miles Residual .55 or .53 (I don't remember) Money Factor .0009 Any thoughts on this?
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Replying to: Florida52 (Dec 13, 2008 9:54 am)
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Replying to: travispete1 (Dec 13, 2008 10:30 am)
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Replying to: Florida52 (Dec 13, 2008 11:08 am) There are simple lease calculators online. Of course, if you are rolling the premaining volvo payments into the lease, then the number makes sense.
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