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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 65 of 82

#640 of 812 Re: October MF & Res? [randomjohn] by Car_man HOST

Oct 06, 2011 (4:23 pm)

Replying to: randomjohn (Sep 27, 2011 11:20 am)
I sure do randomjohn. Lexus Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2011 ES 350 with 12,000 miles per year are .00095 and 52%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.
 
The residual value for a lease with only 10,000 miles per year would be 1% higher.
 
When negotiating your deal on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#641 of 812 Re: October MF & Res? [Car_man] by randomjohn

Oct 07, 2011 (7:00 am)

Replying to: Car_man (Oct 06, 2011 4:23 pm)
Thanks, car_man. How strict are dealerships with the cash incentives? My wife has a tricked-out swagger wagon from the same dealer, but my current car wouldn't otherwise qualify me for the incentive. Is it really a bright-line for the dealers, that if they can't show Lexus what the buyer owns they can't get the cash? Can I just say "sure, I have one of those" even if it's not what I'm trading in?

#642 of 812 what to pay by snowman22

Oct 10, 2011 (7:13 am)

OK--I'm new to this whole forum thing. So I'll get right to the point. I'm looking to lease a leftover 2011 ES 350. MSRP is $40,000. My problem is at what purchase price should the lease payment be based on. My way of thinking would be--the car is already one year old-should not the price and lease monthly reflect this. I go to our one and only lexus dealer and they act as though this is the new model year. It's a leftover for crying out loud. They still want $3000 down plus other fee's that total out to over $5000. On a 2011 model?????????? So could someone set me straight on this whole thing. Am I wrong to think my lease buying experience should be a whole lot better than what the dealer is offering. This is a beautiful car--but I don't think they are flying off the dealers showroom floor at this point. What would be the right amount up front "if anything"be and what would be a fair monthly. Orrrrrrrrrrrrrrrrrrr should I wait another month or so.Thanks for any insight.

#643 of 812 Re: October MF & Res? [randomjohn] by Car_man HOST

Oct 10, 2011 (4:39 pm)

Replying to: randomjohn (Oct 07, 2011 7:00 am)
Hi randomjohn. I'm pretty sure that Lexus is fairly strict about who it allows to get its conquest and loyalty cash. I suspect that it requires a copy of the registration as proof of ownership.
 
Having said that, there is a $1,000 dealer cash incentive for everyone on this model on top of the loyalty / conquest offers.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#644 of 812 Re: what to pay [snowman22] by Car_man HOST

Oct 10, 2011 (4:44 pm)

Replying to: snowman22 (Oct 10, 2011 7:13 am)
Hi snowman22. If I was in the market for a 2011 ES 350 right now, I personally would shoot for a selling price of around $500 over invoice minus the $1,000 dealer cash that is currently available on it and the $1,000 loyalty / conquest cash that is available on it if you qualify for it. You can look up this car's invoice price over in the New Vehicle Pricing section of Edmunds.com.
 
You definitely should not pay $5,000 at signing to lease any vehicle. Consumers can and should put as little money down as possible when leasing. This means not making any capitalized cost reduction. Consumers who make large down payments on leases risk losing part or all of the money that they laid out if their vehicle is totaled in an accident or stolen and never recovered.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#645 of 812 snowman22 by snowman22

Oct 11, 2011 (6:21 am)

Thank you Car Man. Let me expand on my question. I shoud have entered this info the first time.I believe this lease offer is a factory backed lease. The monthly is $399 with $2800 down plus $700 finance fee "whatever thats for" plus security and tax/tag and a couple other things. I agree about no money down but--you would think the dealer would put a better deal out than what is being offered. The car is a year old. It's only worth trade in wise--$32,000 if i'm lucky.I think $399 with tax and tag should be the norm. What do you think the chances are of something like this in the next few months. I'm not in a hurry so time's on my side.

#646 of 812 Lexus ES 350 2011 Price by qooraf

Oct 11, 2011 (7:09 am)

Folks....I am new to this forum. I am in South Florida and am looking to possibly buy (finance) a 2011 Lexus ES 350. I have been watching this blog and see there are many version of this pricing. I once saw someone posting to have bought the car for $31,000. I am also in the same ball park. I need some advise if this is the acceptable range. I will perhaps put down around $5 to $7,000.
 
I shall appreciate your valuable input.

#647 of 812 Snowman22 by snowman22

Oct 11, 2011 (7:58 am)

I'm with you. I agree with car man though---should not be putting much if any money down. But these dealers seem to think the 2011 is new--it is new---BUT---one year old new. We all know how much value the car looses as soon as you drive off ---except that's not what the dealer will tell you at that time---but bring it back a couple months latter and man or man the shoes on the other foot. I think all anyone wants is a fair shake--for the sales rep.,the dealer and the cust.But with profit margins for the dealers and teeth braces for the sales rep's kids----we all know that the elusive really good deal is but lost forever. This blog is a big help in bringing knowledge to the average.I say thanks for any info that can at least give a person some type of chance in the automotive world.

#648 of 812 Re: Lexus Lost A Customer Last Night [paprof] by thephantom1

Oct 17, 2011 (9:03 pm)

Replying to: paprof (Sep 01, 2011 3:45 am)
What dealership for the Infiniti?

#649 of 812 Re: snowman22 [snowman22] by Car_man HOST

Oct 20, 2011 (5:12 pm)

Replying to: snowman22 (Oct 11, 2011 6:21 am)
You're very welcome snowman22. Savvy consumers who are in an area that has a decent level of competition should be able to negotiate better deals than manufacturers' official advertised deals.
 
Lexus will likely offer some attractive deals for its annual "December to Remember" sales event, which will probably begin at the end of November. It is difficult to say whether the deals that are available then will be better than the deals that are available today.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 65 of 82

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