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Lexus ES 350 Lease Questions

812 messages,  Last post on May 09, 2013 at 6:14 AM

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What is this discussion about? Lexus ES 350, Car Leasing, Car Buying, Sedan

Messages Page 58 of 82

#564 of 812 Re: August lease question for carman [geojre] by Car_man HOST

Sep 23, 2010 (3:41 am)

Replying to: geojre (Aug 10, 2010 8:12 pm)
I'd be happy to help you out, geojre.
 
Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 ES 350 with 12,000 miles per year in your area are .00160 and 55%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
 
One needs a credit score of 720+ to qualify for the Tier 1+ tier. The straight Tier 1 tier is for consumers with scores from 690 to 719. The factors for that tier are usually .00010 higher.
 
The residual value for a lease with only 10,000 miles per year would be 1% higher.
 
Lexus is running a special program that provides an enhanced money factor for loyal customers in its Eastern region right now, .00100 instead of .00160, but I don't know if Pitt is in the Eastern or Central regions. I'm sure that your dealer can tell you which one it's in.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#565 of 812 Re: Car Brokers [pazzo1] by Car_man HOST

Sep 23, 2010 (3:44 am)

Replying to: pazzo1 (Aug 12, 2010 9:59 am)
Hi pazzo1. While technically one could get into a new car only 39 months into a 48 month lease, more likely than not it will not be free to do so. Unless an automaker is running some sort of official early lease termination program, it is usually fairly expensive to get out of leases early.
 
It's never a good idea to enter into a long lease with the intention of getting out of it early. If you only want a 39 month lease, sign up for that from the beginning.
 
Car_man
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#566 of 812 Re: Leasing with Security Deposit [pazzo1] by Car_man HOST

Sep 23, 2010 (3:48 am)

Replying to: pazzo1 (Aug 13, 2010 7:11 pm)
Hey pazzo1. You're talking about a multiple security deposit program. Many banks, particularly the ones that are associated with luxury automakers, offer allow lessees to make MSDs.
 
I haven't looked into Lexus Financial Services' specific policy on this matter in some time, but the last time I checked LFS provided lessees with a .00010 reduction in the factor that is used to calculate their vehicle's monthly payment for every additional deposit they make, up to a maximum of nine.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#567 of 812 Re: ES 350 [marckschwartz] by Car_man HOST

Sep 23, 2010 (3:52 am)

Replying to: marckschwartz (Aug 14, 2010 1:25 pm)
Hello marckschwartz. The car that you're interested in probably has a spread of around $4,700 between its full MSRP and its dealer invoice price. You were quoted a discount of $4,693...which is probably right around dealer invoice.
 
This looks like a very good selling price to me. Just make sure that the dealer uses Lexus Financial Services' buy rate lease money factor to calculate your payment and you're in business.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#568 of 812 Re: The information you asked about [Car_man] by 10sfan

Sep 23, 2010 (9:06 am)

Replying to: Car_man (Sep 23, 2010 3:25 am)
Thanks Car Man, this is the delima. Living between the Milwaukee, WI and Chicago metro markets, I have great options in both regards. Unfortunately, with residuals still high, the used car market for this popular model is great and with that comes higher used car prices. Since it is my wife's vehicle, it would be driven 8-10K per year. With low mileage usage, it may make leasing a new ES 350 not as cost effective. Again, your correct in how cheap one can get the vehicle 2 -3 years old. Will follow the future posts and let you know how it works out..

#569 of 812 Hi Carman, have a question for you by cartman13

Oct 01, 2010 (7:32 am)

Do you know if the dealer cash incentive and lexus lease rates are exclusive offers? or can they be combined?
 
Thanks so much for your help!

#570 of 812 Re: Hi Carman, have a question for you [cartman13] by abw123

Oct 07, 2010 (9:42 am)

Replying to: cartman13 (Oct 01, 2010 7:32 am)
Carman, can you help me too? Really appreciate it. Can you comment on this deal in Texas:
 
2010 Lexus ES 350
12k miles / 48 months
$41,500 MSRP, $34,700 sales price
$600 out of pocket and $499 a month
 
Does that look like a good deal? Also, what residual % should I assume for a 4 yr lease and what money factor for October?
 
Thanks in advance.

#571 of 812 Re: Hi Carman, have a question for you [cartman13] by Car_man HOST

Oct 15, 2010 (2:48 am)

Replying to: cartman13 (Oct 01, 2010 7:32 am)
Hi cartman13. Lexus raised its dealer cash on the 2010 ES 350 for the month of October to $3,000, but it eliminated its lease money factor support. You can still lease a '10 ES through Lexus Financial Services, you just have to use the dealer cash and its standard lease program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#572 of 812 Re: Hi Carman, have a question for you [abw123] by Car_man HOST

Oct 15, 2010 (2:53 am)

Replying to: abw123 (Oct 07, 2010 9:42 am)
I'd be happy to help you out. The car that you are interested in probably has a spread of around $4,200 between its full MSRP and its dealer invoice price. Lexus is providing $3,000 dealer cash on it on top of that, giving you a total of around $7,200 to work with during your negotiations.
 
You were quoted a $6,800 dealer discount on this car. That probably puts you at less than $500 over invoice...which is a good deal.
 
Just make sure that the dealer uses Lexus Financial Services' current buy rate lease money factor of .00210 (for Tier 1+ customers) to calculate your monthly payment and you're in business.
 
LFS' 48 month, 12,000 mile per year residual value for this car is currently 43%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#573 of 812 Re: August lease question for carman [Car_man] by geojre

Oct 19, 2010 (10:53 am)

Replying to: Car_man (Sep 23, 2010 3:41 am)
Hi carman can you tell me more on the lexus lease loyalty program? Is that MF of. 1 still valid in the eastern region in october? Also does it apply to other cars like the rx 350?

Messages Page 58 of 82

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