Last post on Nov 15, 2013 at 1:42 PM
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Lexus ES 350, Car Leasing, Car Buying, Sedan
#782 of 871 Re: ES350 [Car_man]
Mar 08, 2013 (7:51 pm)
Are these accurate for the month of March for a 36 Month Lease on an ES350?
Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 ES 350 with 10,000 miles per year are .00120 and 62% for consumers who qualify for its top aka Tier 1+ credit tier
Also, do you have a link or some advice to not sound like a idiot when talking MF with a dealer? Also, will a Lexus dealer try to bump you on MF and residule percentage if you are going through Lexus Financial?
Thanks for always being there!
#783 of 871 Lease in NC
Mar 09, 2013 (3:26 am)
Car Man, can you give me the money factor and residual on a 36 month lease of a 2013 ES 350 with 15,000 miles per year? Looking in NC. Also the same for a 300h? Thanks.
Mar 14, 2013 (2:06 pm)
You're welcome daxt24. Yes, I believe that those are the correct numbers for a lease of this car in March.
Don't worry about sounding like an idiot at the dealer. You are far from it given the research that you're doing. If you know what you want to pay for the car and what the money factor should be prior to visiting any dealers don't let them make you feel silly. Dealers do not have the authority to alter LFS' published residual values, but they probably can mark up its money factors.
Prices Paid: Buying & Leasing Experiences Forum
Mar 14, 2013 (2:07 pm)
Hi sstall. Lexus Financial Services' March buy rate lease money factor and residual value for a 36-month lease of a 2013 ES 350 with 15,000 miles per year are .00120 and 59% for consumers who qualify for its top aka "Tier 1+" credit tier.
The residual values for the 2013 ES 300h are the same, but the money factor is slightly higher....00145.
Prices Paid: Buying & Leasing Experiences Forum
#786 of 871 Re: Lease in NC [Car_man]
Mar 17, 2013 (5:52 am)
My question. I see most most lease money factors for 36 months with 12-15 miles. Would the monthly payment be less or more on a 27 month at 10k miles lease. Also --how would the money factors reflect the difference. Thanks
#787 of 871 conveyance fee
Mar 18, 2013 (11:58 am)
I am leasing an ES350 lexus and at signing they are asking a $500 Conveyance fee...Does that seem appropriate? I believe its a DOC fee and it seem quite high to me.
#788 of 871 Re: conveyance fee [toby51]
Mar 19, 2013 (5:25 am)
Just another example of arrogance gone wild. These dealers are nothing short of crooks. They rip off the public at every turn. Lie,Cheat and demean the buying public. As you can tell I have had it with these crooks. The auto manufactures should set better guidelines for dealerships. Those dealerships are a direct reflection on the makers. The manufactures could do much better by changing the attitudes and less than honest practices bestowed upon us. Greed is what it is all about--pure and simple.
#789 of 871 "Buy Rate" vs Discounted Mark-Up Rate?
Mar 19, 2013 (4:31 pm)
Can anyone tell me the difference between a Buy Rate vs a Discounted Mark-Up Rate? I sent an email to a sales associate in Texas asking for the current money factor / residual on an ES350 at 15,000 per year for 36 months. BTW - I am a returning customer and have tier 1 credit.
I got a response was "The lease money factor for the 2013 ES 350 would be .00150 with approved credit. The residual value for a 3 year, 15,000 miles per year lease is currently 59% of MSRP.
I then stated, "I thought the current money factor was .00120". He replied with, "That is what’s called the “buy rate” from Lexus to the dealers. The rate I gave you is a discounted mark-up rate.
Can someone please explain? Am I getting screwed?
#790 of 871 lexus es 350 basic package - advice from anyone please!!
Mar 22, 2013 (4:18 pm)
this is my first time posting so, in advance, i would like to thank anyone for their advice. I am in St. Pete, FLorida and about to lease the following:
2013 ES 350 (basic package with rear camera), 36 MO, ZERO DOWN, 15K miles/yr
MSRP $40,071 - Discount ( $2,403.08) = Selling price $37667.92
Starting fees (sales tax, dealer, tag)= $3563.59
Offer: 36 mo $552.00
Using the money factor mentioned in this thread for march .00120 with 59% residual, i calculate a payment of $463/mo. I have asked the salesperson for the money factor and am waiting to hear back but he wants to close the deal tomorrow morning and, honestly, it is the best deal i have gotten so far. plus, i am turning my car in early and saving two monthly payments on top.
any advice PRONTO would be soo very helpful!!
#791 of 871 prepaid maintenance package on 2013 ES350
Mar 24, 2013 (11:52 am)
Well, i signed my lease for a 3 yr/15k miles/yr, $552 per month, with first payment made by Lexus, $0 out the door. Plus they waived my last two payments on my current Lexus Lease.
My question now is: should I buy the prepaid maintenance package?
I have in the past thinking I was obligated to under the lease but now I realize that I am not. I plan on getting the oil changed at my local toyota dealer. Lexus mentioned a "big service" at 45K miles that costs about $700.00 - i think it is ridiculous since their own guidelines say all the car needs is an oil change every 10K miles and tire rotation and minor checks every 5k miles.
Car man, would you please provide me with some guidance?? I have always done prepaid maintenance so I am curious if Lexus requests documentation proving that you had their "specific maintenance" performed prior to surrendering the vehicle. I looked at the lease agreement and did not see any mention of it. So, as I see it, I can get the oil changed at jiffylube or anywhere else for that matter. Thanks