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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
473 messages, Last post on Dec 01, 2009 at 12:43 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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does anyone have the residual and money factors for a 2010 ES350 in OH? 15K a year 36 month. Thanks
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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.
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Replying to: lexlease1 (Oct 15, 2009 1:04 pm) 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. Good luck! |
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| $735 for a $42,000 car sounds way too high. How much is your drive off? | |
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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. Thanks. |
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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?
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Replying to: mikefurm (Oct 19, 2009 7:09 pm)
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Replying to: carbuyer_2009 (Oct 19, 2009 8:18 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 |
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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. |
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Replying to: lhatten (Oct 13, 2009 6:23 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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