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Lexus ES 350 Lease Questions

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

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

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#421 of 471 Recent lease deals in NYC-area?? by marlonsams Feb 04, 2009 (12:12 pm)
Wanted to hear from community about recent lease deals they got on a 09 ES with premioum plus w/o navi(NYC/Tri-State area).
#422 of 471 Leasing by bobpro98 Feb 05, 2009 (7:14 pm)
Hi Car Man,     I'm Planning On Leasing A Lexus 2009 ES350 For 48 Months With 25,000 Miles Per Year At 684.00/Month.The Upfront Payment With 1St Payment & All The Other Fees Is 1882.00.The MSRP Is 37499.00.The Dealer Is In New Jersey.Am I Doing The Right Thing? I Would Appreciate Your Input.     Bobpro98 Replies to this message: tjc78 (Feb 06, 2009 4:27 am) Car_man (Feb 09, 2009 3:56 am)
#423 of 471 Re: Leasing [bobpro98] by tjc78 Feb 06, 2009 (4:27 am)
Replying to: bobpro98 (Feb 05, 2009 7:14 pm) A Lexus 2009 ES350 For 48 Months With 25,000 Miles Per Year   Not carman, but why would you want to do a lease like that? If you finance 35000 (not unreasonable for MSRP 37500 with the same amount down) for five years 6.5% you would be at the same payment. WIth that lease you would be out of warranty after less than two years, and the car would need maintenance items like tires, brakes etc. IMO you should be buying the car not leasing. Leasing works great under 15K a year, after that it gets cost prohibitive.
#424 of 471 Re: February money factor [hotjohn] by Car_man HOST Feb 09, 2009 (3:50 am)
Replying to: hotjohn (Feb 03, 2009 5:08 pm) Here's the information that you're looking for, hotjohn. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 ES 350 with 12,000 miles per year are .00125 and 49%, respectively for consumers who qualify for its "Tier 1+" credit tier.   The only cash incentive that Lexus is currently providing on this car is $1,000 loyalty cash for current ES lessees who lease a new one.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#425 of 471 Re: Leasing [bobpro98] by Car_man HOST Feb 09, 2009 (3:56 am)
Replying to: bobpro98 (Feb 05, 2009 7:14 pm) Hi bobpro98. Wow, 25,000 miles per year. That's a lot of driving. I agree with the previous poster that you probably should finance instead of lease this car. That's what I would do if I was in your situation.   If you are really set on leasing it, you need to find out what selling price you are being charged. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are getting. In an area that has a decent level of competition, like the one that you are in, I suspect that you will be able to negotiate a selling price that's fairly close to dealer invoice.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#426 of 471 is this a good deal? by rkatz1949 Feb 19, 2009 (9:12 am)
i've been shopping for a ES350 to lease,36month/36000/all in.Pay only 1st month and dmv at signing.so far,i've been offered as follows; MSRP $41,385=$625/MONTH                or MSRP $37,720=$588/MONTH   I'm just not sure if these are good deals. Please put in your 2cents.
#428 of 471 About to lease 09 ES 350..... Good Deal ? by sjd3 Mar 10, 2009 (5:48 pm)
Carman/fellow members.... just about ready to ink a deal for an 09 ES 350 with Premium, Leverson, and Nav as follows; MSRP is $40,070 (total invoice is $35,280)   15K, 36 months, money factor is .00050, residual is 47%. I was quoted $542 monthly payment if i put down $1000 or $498 a month if i put down $3000. Taxes not included. Unfortunatley i dont know what they are using as the net cap cost.... But given these numbers, how should i respond? Does this sound like a reasonable deal? Im in Southern California. Your help is appreciated. thanks, SD Replies to this message: Car_man (Mar 16, 2009 2:34 am)
#429 of 471 Re: About to lease 09 ES 350..... Good Deal ? [sjd3] by Car_man HOST Mar 16, 2009 (2:34 am)
Replying to: sjd3 (Mar 10, 2009 5:48 pm) Hi sjd3. The money factor that you were quoted looks great. You really need to find out exactly what this car's selling price is before pulling the trigger on this deal though. Since you already know what its invoice price is, it will be easy for you to tell if you are getting a good deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#430 of 471 ES350 lease advice--good deal? by apatna Apr 06, 2009 (4:36 pm)
- Smoky Granite Mica 2009 ES350 w/ following features:     -rear seat side airbags, bluetooth audio, full spare, HID headlamps w/ AFS, premium plus pckg, wood/leather steering wheel, preferred accessory pckg   MSRP $38535 Invoice (TMV price report) $34096   offer from Lexus dealership in NJ for 36 month / 12,000 miles with $0 down + upfront NJ tax (1301) / MV tax (350) / doc fee (250) / tire tax / bank fee (700) + 1st mth payment (total $3200)      -tier 1 credit               -money factor .000750 / residual 49% / $510 monthly payment               -lease price/cap cost $35,353      -tier 2 credit               -money factor .000850 / residual 49% / $540 monthly payment   Is it a good deal? Anything additional I should address? I'm a first time potential leaser and this forum has been very informative....Please help.

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