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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

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


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#41 of 478
Re: Leasing Questions??? [robynl] by newkid300
Jul 05, 2006 (10:47 am)
Reply

Replying to: robynl (Jul 05, 2006 9:18 am)

I recently posted my deal with my money factor of .00161 which is accurate. however, the dealer used Toyota Motor Credit Corporation, not LFS. Good idea to get the payments down. I have read in here that he LFS money factor is .00225.(5.4% as opposed to my 3.864%)
#42 of 478
Re: Leasing Questions??? [robynl] by cablondeblue
Jul 05, 2006 (6:46 pm)
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Replying to: robynl (Jul 05, 2006 9:18 am)

Robynl,
 
I came up with a monthly payment of $691.43. I did it for 36 months (you did not specify) and calculated the tax in my state (CA) which is .0825. Not sure what state you are in. I did it first on a calculator and then on my spreadsheet to double check my work.
 
So when are you going to make your move? Seems like you and I are one of the few left that have not purchased yet.
 
Royal Ruby, right?
#43 of 478
Re: A Lease Quote, Part II [cablondeblue] by maximafan
Jul 05, 2006 (8:33 pm)
Reply

Replying to: cablondeblue (Jul 05, 2006 5:56 am)

If Newkid and I are thinking of the same
 thing, the armrest on the RX is attached to
 the seatback. For instance, if you're in the
 driver's seat, it's attached to the side of
 your seatback on your right. It can also be
 raised up, which helps somewhat, but I'm used
 to having the center consoles in my cars high
 up enough that I can rest my elbow on that,
 particularly on longer trips. The RX center
 console doesn't sit up high, it only slides
 backwards and forwards.
 That's how the mini-van picture comes to my
 mind because I believe mini-vans have these
 armrests; if not on the front seats, in the
 back seats if they have captain's chairs.
 
 By the way, the lease support for the RX350
 seems to be very aggressive here in the Tampa
 Bay Area.
#44 of 478
Re: Current Lease Quote [sammys] by maximafan
Jul 05, 2006 (8:37 pm)
Reply

Replying to: sammys (Jul 05, 2006 7:44 am)

Sammys, I'm definitely liking your monthly
  payment on that lease, but could you tell me
  what your drive-off costs will be for that
  particular lease? Thanks.
#45 of 478
Re: Current Lease Quote [maximafan] by sammys
Jul 06, 2006 (4:32 am)
Reply

Replying to: maximafan (Jul 05, 2006 8:37 pm)

489.00 1st month
0 security dep
1364.31 NY sales tax
600 bank fee
399 dealer conveyance fee
155 plates and reg
3007.31 = drive-off
#46 of 478
Re: Leasing Questions??? [cablondeblue] by robynl
Jul 07, 2006 (4:30 am)
Reply

Replying to: cablondeblue (Jul 05, 2006 6:46 pm)

Cablondeblue,
Yes, Ruby/Cashmere-personally I just think that color is awesome on this car. Never have I seen another color like it. Anyway, yes I did calculate at 36 months, 15,000 miles and our sales tax is 6% in Kentucky. I too am in real estate and feel I really need the extra miles.
I plan on getting the car as soon as they locate one, they say the lates would be mid August, but might be able to redirect one here in the next couple of weeks. Hmmm... thought they weren't making this color anymore in the UL. Found out they just aren't making it right NOW in that color and several others. Very confusing. Who to believe?
I plan to bring in my calculations when I do lease so that they don't add anything onto my payment.
Never did hear from anybody - What fees, etc. should I not pay??
#47 of 478
Re: Leasing Questions??? [robynl] by cablondeblue
Jul 07, 2006 (10:23 am)
Reply

Replying to: robynl (Jul 07, 2006 4:30 am)

Not too sure about the fees. I am quoting from Edmunds.com....."Most leases require about $1,000 in "drive-off fees." Some of this money is loan initiation, some of it is security deposit and some goes toward the down payment." (If you choose to put money down.)
 
In researching a little further, there may be an Acquisition fee of approximately 500.00 and then Title and Registration fees.
 
Just make sure they don't tack on a conversation fee or some BS like that.
 
Good Luck!
#48 of 478
Re: Good lease price in NE [newkid300] by Car_man HOST
Jul 13, 2006 (2:39 am)
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Replying to: newkid300 (Jul 02, 2006 11:28 am)

Welcome newkid300. This car's lease payment will depend upon what sort of discount you are able to negotiate. The ES 350 has been selling very well lately, but I am not sure what sort of discount dealers are providing on it in your area. The good news for you is that there is likely a ton of Lexus dealers in the New York metropolitan area. You should be able to get an idea of how much you will have to pay for this car by visiting the following discussion: "Lexus ES 350: Prices Paid & Buying Experience". Once you have an approximate selling price and I can estimate what this car's lease payment will be for you. By the way, the money factor and residual that you mentioned look about right to me.
 
Car_man
Host
Prices Paid Forums
#49 of 478
Re: A Lease Quote, Part II [newkid300] by Car_man HOST
Jul 13, 2006 (2:44 am)
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Replying to: newkid300 (Jul 03, 2006 6:03 pm)

Congratulations on your new car, newkid300. While a $700 discount is not huge, I am not surprised that is all you were given, given how well the ES 350 is selling right now. You can always stop by the following discussion to compare the price that you paid for this car to what others have paid for one recently: "Lexus ES 350: Prices Paid & Buying Experience". The money factor that you were given is certainly attractive. Is it through Lexus Financial Services? I didn't think that Lexus was providing any sort of money factor support on the '07 ES 350 right now.
 
Car_man
Host
Prices Paid Forums
#50 of 478
Re: Current Lease Quote [sammys] by Car_man HOST
Jul 13, 2006 (3:51 am)
Reply

Replying to: sammys (Jul 05, 2006 7:44 am)

Hi SammyS. The money factor that you were quoted for this car is correct for a 36 month lease of it through Lexus Financial Services right now. The selling price that you were offered looks reasonable as well. You are being given a discount of nearly $2,000 on a car that is selling very well right now. So the two main profit centers for dealers look good to me.
 
Car_man
Host
Prices Paid Forums

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