Last post on Nov 15, 2013 at 1:42 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Lexus ES 350, Car Leasing, Car Buying, Sedan
#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.
Prices Paid: Buying & Leasing Experiences Forum
Oct 13, 2009 (6:23 am)
does anyone have the residual and money factors for a 2010 ES350 in OH?
15K a year 36 month. Thanks
#452 of 871 2010 ES350 Numbers
Oct 15, 2009 (1:04 pm)
I'm looking for money factor and residuals in IL on 36 month 12k.
I recieved a quote today for 2010 ES350 with Ultra/Levinson MSRP $44,414.
Cap - $42,654 MF .00245 and residual of $26,648. No money down, monthly payments of $735. I have never leased a car before, but something doesn't smell right with this deal. I have done some research and the residual seems high.
What does anyone think? Thanks.
#453 of 871 Re: 2010 ES350 Numbers [lexlease1]
Oct 15, 2009 (1:21 pm)
lexlease.....that residual is 60% of MSRP. That's set by Lexus Financial Services for a 36 months/12,000 per year lease. A high residual is a good thing. The higher the value at the end of the lease the lower your payment will be.
Work on getting your cap cost (selling price) down. That will help the most. And make sure the money factor is what the dealer is paying LFS. The dealer can mark that up. You want the "buy rate" money factor.
#454 of 871 @lexlease1
Oct 16, 2009 (11:05 am)
$735 for a $42,000 car sounds way too high. How much is your drive off?
#455 of 871 2010 ES350 Numbers
Oct 16, 2009 (1:26 pm)
Bill - Thanks for the response. I didn't mean for my post to sound like I wasn't pleased with the residual. I know the higher the better, but I haven't seen one at 60% in the limited time I have been researching leasing. I was wondering if it was part of some numbers game the dealer can play.
msf83 - The quote was for no money down so the drive off should be first payment and TL fees. I believe he said it would be right around $900.
#456 of 871 Is this a good deal for 2010 ES 350?
Oct 19, 2009 (7:09 pm)
I just was offered (from LEXUS of Queens, NY) a deal for 2010 ES 350 :
36 mo., 10,000 mi., Standard plus a few extras such as Heated/Ventilated seats, HID headlights w/adoptive front lighting system, Wood & leather steering wheel.
Out of pocket: $1,412.00: Bank+T/MV+1st payment. Purchase option $23,103.75.
For $515/mo. Infortunately, I don`t know any other numbers for calculation.
Can any one tell me, if this is desent deal, with the limited info provided?
#457 of 871 Re: Is this a good deal for 2010 ES 350? [mikefurm]
Oct 19, 2009 (8:18 pm)
mikefurm, what's the MSRP and your Negotiated Price on this car?
#458 of 871 Re: Is this a good deal for 2010 ES 350? [carbuyer_2009]
Oct 20, 2009 (6:54 pm)
The base price for 2010 ES 350-$34800 plus $1785 for options. I only negotiated
for the amount of monthly payment-$515 (tax included) with zero downpayment.
The other dealer offered $540 and $1650 out of pocket
#459 of 871 Was this a good deal?
Oct 24, 2009 (4:45 pm)
I have never leased before so I want to be sure this is a good deal.
For a 2010 Lexus ES350 with all the extras including the Navigation package sticker is $39,000 in the Boston area. The yearly mileage allowed is 15,000. We have A+ credit, and traded in an old 2001 lexus for $7000 (KBB said $5400 to $6400, and it was in a bad accident, so we were happy with that.) They also noted on the paperwork a $1500 rebate. We put no money down and they covered the first payment. The residual value is going to be $22,480 which we were fine with because we have no intention of purchasing it. The monthly payment quoted for this is 35 payments of $399. I don't know what they used for a rate or money factor, so now that I'm reading up on leasing more I'm not sure if this is as good as it sounds. Any input is very appreciated.