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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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#439 of 471 Re: Is This '09 ES350 Deal A Good One? [lexuskid] by 10sfan Jul 17, 2009 (8:00 am)
Replying to: lexuskid (Jun 30, 2009 6:07 pm) I received a quote of $525.00 mo.12K/36mo, no cap cost reduction for an ES with premium package, MSRP $37,525. Suprised with ES sales down 38% through June 09, they would be more agressive with 09's sales when the 2010's are around the corner. Will keep this forum posted on how I proceed and possibly succeed after I confer with a few other dealers in IL. Replies to this message: caliman3 (Jul 26, 2009 6:18 pm)
#440 of 471 Re: Is This '09 ES350 Deal A Good One? [10sfan] by caliman3 Jul 26, 2009 (6:18 pm)
Replying to: 10sfan (Jul 17, 2009 8:00 am) Here is the deal that I got: premium only, 10k/36 mo, $2k down, $459 including tax (CA tax of 9.75%), Can I squeeze a little more?
#441 of 471 Lexus 350 ES by jarhead1044 Aug 09, 2009 (7:28 pm)
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
#442 of 471 Is there a way to calulate the money factor? by JohnRussell Aug 15, 2009 (10:00 am)
Lexus is running a Golden Opportunity Sales Event for a 2009 Lexus ES350. Listed below is the ad that includes key information pertaining to the lease BUT it does not provide the money factor.    I have called multiple Lexus dealers and get the run around when I ask for the money factor. One said .00020 and another said .00040 is being used in this lease.    Given this lease promotion description is there a way to calculate the money factor on my own? Looks to me like all of the key details are included in the ad to calculate cap reduction and residual but I just can't get any lease calulator to give me the money factor that Lexus is using in the ad.    If you know how to do this please let me know the math you used.    I realize that the $389 monthly payment does not include sales tax, document fee, title, etc..    All I want to be able to do is run this basic lease promotion through the Edmunds Lease Calculator in order to come up with the $389 lease payment. Then I can add sales tax, etc, etc....    Here is the Lexus Lease ad:    "2009 ES 350 Lease Offer.    $389mo 36 mos. $3889 due at signing"    The ad footnote goes on to say:    "Offer based upon MSRP of $37,710 including delivery, processing, and handling. 36 monthly payments total $14,011. 12,000 miles per year. Lease end purchase option $18,478" Replies to this message: billmv (Aug 16, 2009 2:48 pm) billmv (Aug 16, 2009 3:11 pm) 10sfan (Aug 18, 2009 11:57 am) billmv (Aug 18, 2009 5:27 pm)
#443 of 471 Re: Is there a way to calulate the money factor? [JohnRussell] by billmv Aug 16, 2009 (2:48 pm)
Replying to: JohnRussell (Aug 15, 2009 10:00 am) John, Can you use Excel? If so, you can back into the money factor, IF you know the MSRP, the cap cost, the length of the lease, the cap cost reduction, the bank fee, (whether it's paid up front or wrapped into the cost) and the residual percentage. So you need to be able to break down the $3889 due at signing.
#444 of 471 Re: Is there a way to calulate the money factor? [JohnRussell] by billmv Aug 16, 2009 (3:11 pm)
Replying to: JohnRussell (Aug 15, 2009 10:00 am) John, I just ran some numbers. With a $2500 cap cost reduction as part of the $3889, a $3090 discount from MSRP, using a .00020 MF, and no bank fee wrapped into the cap cost, the payment comes out to $389.07, pre-tax.   Hope that helps. Replies to this message: 10sfan (Aug 18, 2009 11:57 am) billmv (Aug 18, 2009 5:27 pm)
#445 of 471 Lexus Financial Service and Disposition Fees by smarty666 Aug 17, 2009 (2:52 pm)
I was hoping anyone with a 2009 ES lease could tell me if LFS charges a disposition fee on their leases if you decide to return your vehicle and not buy it or not lease a new Lexus when your lease is up? Any information would be helpful!!
#446 of 471 Re: Is there a way to calulate the money factor? [billmv] by 10sfan Aug 18, 2009 (11:57 am)
Replying to: billmv (Aug 16, 2009 3:11 pm) I agree with the numbers posted in breaking down the $3889, what was the $1000 for after the cap cost of $2500 and first months payment of $389.07? Replies to this message: billmv (Aug 18, 2009 5:27 pm)
#447 of 471 Re: Is there a way to calulate the money factor? [10sfan] by billmv Aug 18, 2009 (5:27 pm)
Replying to: 10sfan (Aug 18, 2009 11:57 am) probable for a security deposit, title, paperwork, registration, etc.
#448 of 471 Quote from IL - Is it a good deal? by notoriousakg Sep 30, 2009 (8:12 am)
Just got this quote, any ideas on if its good?   2009 ES350 with Premium Plus Package and Navigation (no Mark Levinson -- Ultra Luxury Pkg)   $556/month including taxes, $900 down (includes first payment) for 42 months   Was looking at the 2009 C300 Sport 4Matic and got a quote on that for 39 months, zero down, $565/month with a Premium 2 Package including AMG sport package, original MSRP $42K   Which is a better deal?

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