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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
472 messages, Last post on Nov 25, 2009 at 12:37 PM
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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
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I'm looking to lease the '09 ES350 for 36 months, 12K miles per year. The car has the Premium Plus Package, Navigation, High Intensity Headlights, Power Rear Sunshade, Intuitive Parking Assist, Rear Seat Airbags, Full Size Spare, All Weather Mats, Wood/Leather Steering Wheel and Preferred Accessory Package. MSRP is $41,904. The dealer will sell it to me for $40,500 and I'll reduce it further by putting down $1,000 and using the ES $1,000 loyalty rebate. The interest rate is .00060%. The residual is $20,532. The monthly rental rate without tax is $534.50. Is this a good rental rate?
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Replying to: bobsobi (Jun 18, 2009 7:31 am)
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Dealer in NJ Obsidian ext/Cashmere int Ultra Lux pckg with Mark Levinson, panoramic roof MSRP 44,989 Selling price 40,200 Money factor .00075 (tier 1) 47% residual 36mnth/12k miles up front 3443 out pocket which includes taxes mnthly payment 589..... |
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Replying to: apatna (Jun 27, 2009 3:36 pm) 562/mo |
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Replying to: kces350owner (Jun 19, 2009 7:32 pm) Zero Down, 12k miles 36 mos lease.. Just paid them the bank fee 700, 1st payment 505 and MV fees. No incentives on this car and dont expect any because the E series raised their prices. Few luxury cars have this ride.. Test drove the C class,, kids car.
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I just received this quote for an '09 ES350 with Nav, premium and a few other add-ons (no Mark Lev or panorma sunroof): MSRP: $41,903 Selling Price: $39,000 MF: 0.0002 Residual $19,694 Price including TTL, etc is $1,654 out the door and $585/month Lease is 36 months with 15k. Thoughts? I think the selling price is a little high but otherwise looks great. |
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Replying to: lexuskid (Jun 30, 2009 6:07 pm)
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Replying to: 10sfan (Jul 17, 2009 8:00 am) |
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I am trying to lease a 2009 Lexus 350ES and not sure if I am getting a good deal or not, the quote is for 36 months, 12,000 miles per year, but the money down has skyrocketed.... $2,500 down, $1,100 sales tax, $227 M.V. Tax, $249 document fee, $700 bank fee, $420 first month payment, $15 =?, is this a good deal or should I shop another dealer? any help is greatly appreciated thanks |
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