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Lexus ES 350, Car Leasing, Car Buying, Sedan
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
#442 of 871 Is there a way to calulate the money factor?
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"
#443 of 871 Re: Is there a way to calulate the money factor? [JohnRussell]
Aug 16, 2009 (2:48 pm)
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 871 Re: Is there a way to calulate the money factor? [JohnRussell]
Aug 16, 2009 (3:11 pm)
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.
#445 of 871 Lexus Financial Service and Disposition Fees
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 871 Re: Is there a way to calulate the money factor? [billmv]
Aug 18, 2009 (11:57 am)
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?
#447 of 871 Re: Is there a way to calulate the money factor? [10sfan]
Aug 18, 2009 (5:27 pm)
probable for a security deposit, title, paperwork, registration, etc.
#448 of 871 Quote from IL - Is it a good deal?
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?
#449 of 871 Money factor for September?
Sep 30, 2009 (11:27 pm)
What was the residual and money factor on the 2009 ES for September for the Texas area?
#450 of 871 Re: Money factor for September? [txwebdesigner]
Oct 07, 2009 (2:16 am)
Hi txwebdesigner. You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
Lexus Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2009 ES 350 with 15,000 miles per year are .00075 and 50%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.
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