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Lexus ES 350 Lease Questions

466 messages,  Last post on Nov 02, 2009 at 2:33 PM

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

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#423 of 466 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 466 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 466 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 466 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 466 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 466 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 466 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.
#431 of 466 2009 ES 350 quote by newkid300 May 14, 2009 (12:36 pm)
Was just quoted for 2009 ES 350 with Premium plus with nav. has back up sensors (don't really need the with the back up camera but that is how it comes). Essentially everything except the Levinson system. MSRP is $41,494. Sell price $38,765. Money factor .00075 and 49% residual. Lease was $579.00 with dealer including their paying off last month of my existing lease of $608.00. 12,000 miles per year. Get in car for $1,562.878 which is first month, bank fee and plate transfer fee. It is from dealer on Long Island. Can also try Queens Lexus to see if they do better.Good deal? Thanks for any input
#432 of 466 Lease Agreement Correction Notice? by bobsobi Jun 18, 2009 (7:31 am)
I recently acquired a 2009 ES 350 with the UL package from a Long Island dealership with every factory-installed option except the adaptive cruise and pre-collision system. I got a good deal on it -- a 36 month, 12,000 mile/yr lease, with a 0.00075 money factor, 47% residual and a cap cost $613 under the dealer's invoice (they provided me with a copy of their inventory detail on the car).   I recently received a letter from LFS, indicating my lease was being corrected to reflect a 45,000 (15K/yr) mile allowance instead of the lease agreement's 36,000. I called LFS, who referred me to the dealership. Since the finance person who handled my deal wasn't available, I spoke to my salesman, who suggested I enjoy the extra miles. Since I know I won't drive the extra 3,000 miles each year, I told him I was more interested in saving some money instead. He said he would look into what happened and get back to me.   So, can anyone tell me what happened here? What can/should I do?   Bob Replies to this message: apatna (Jun 27, 2009 3:36 pm) bobsobi (Jun 29, 2009 7:25 pm)

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