Last post on May 09, 2013 at 6:14 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Lexus ES 350, Car Leasing, Car Buying, Sedan
#714 of 812 Leasing deal offered on 2013 Lexus Es 350
Aug 22, 2012 (7:55 am)
I am looking at a loaded Lexus (MSRP $43,702, but have not started negotiating yet!). I asked dealer for lease rate on MSRP as a reference. He came back with $6000 down for my trade in, applied to taxes, tags, dealer fees and lien. He is offering a 36 month lease with 12,000 miles/year of $587/mo. I don't know what the residual is.
Is this a good deal? How aggressive can I negotiate off the MSRP?
Thanks to all from a newbie at leasing!
#715 of 812 Re: Leasing deal offered on 2013 Lexus Es 350 [rapman1]
Aug 22, 2012 (1:46 pm)
Negotiated '13 ES ($43702 MSRP) for $42,000 at NJ dealer. Taking delivery tomorrow. White/black. Very excited.
#716 of 812 Re: Leasing deal offered on 2013 Lexus Es 350 [sabaka41]
Aug 23, 2012 (10:13 am)
Can you tell me where in NJ? I would drive an hour for $1762!!
#717 of 812 Re: Is it a good deal? [Car_man]
Aug 23, 2012 (4:11 pm)
Thanks for the invaluable insight carman. I got some numbers that are throwing me off from my local dealership in Florida. I'm looking to lease a 2013 ES350 model base package at 12k/year. I asked for both 36 months and 48 month lease plans based on Tier 1 rating. Here's what I got:
12K/year 36 Months : Residual value of 62%, MF .00180
12K/year 48 Months : Residual value of 51%, MF .00180
The residual value for 36 months seems very high. Does this sound right to you? I've read that leasing values really can't be negotiated and that only the price can for leases. Any tips would be greatly appreciated!
#718 of 812 Re: Is it a good deal? [dmor80]
Aug 23, 2012 (5:17 pm)
For what it is worth the 36 mo residual tracks with what I am getting, but the MF you are showing is being represented as Tier 1+; Tier 1 is being quoted at .00190. From what I have seen, the majority of leases are done at 36 months, after that the the market views the value of the car to have a steep decline. In addition for a period greater than 36-42 months, the argument to finance versus lease, could weigh towards financing depending on one's own personal situation. Perhaps, Car_Man can shed some further light on this...
#719 of 812 Re: Leasing deal offered on 2013 Lexus Es 350 [rapman1]
Aug 24, 2012 (4:39 pm)
Can you provide me your email address and I'll send you details via a private message.
#720 of 812 Re: Leasing deal offered on 2013 Lexus Es 350 [sabaka41]
Sep 16, 2012 (9:23 pm)
I too am negotiating a 2013 ES lease, no trade-in. Live in NJ, can you share dealer info with me? Been to cherry hill and Lawrence Lexus. Thanks.
#721 of 812 Re: Leasing deal offered on 2013 Lexus Es 350 [minman]
Sep 17, 2012 (4:57 am)
Got mine at Ray Catena Lexus of Monmouth. Dealt with Andy Siebert. Excellent car, excellent dealer. MSRP was 43702, purchased for 42000 + tax.
Can't be any more happier with the car.
#722 of 812 2012 ES 350 lease
Sep 28, 2012 (5:22 pm)
Just wanted to share this since it may help someone like me who was following this blog:
Got a lease for 2012 ES 350, 17" alloy wheel, heated/air-conditioned front seats, HID lamps, Intuitive park assist, Leather seats, leather steering, Preferred accessory package.
Sticker on the car was $41,000.
Lease deal: $329.50/month, 36 months, 12,000 miles/year.
Down payment $1450 + Taxes, Title, Registration, Bank Fee, Plates, First month payment.
Disposition fee $350.
#723 of 812 Re: 2012 ES 350 lease [liman2]
Sep 29, 2012 (5:19 pm)
What was the selling price and what money factor did they use? Also what residual did they use since it was a 2012?
I am also looking at a 2012