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Prices Paid: Buying & Leasing Experiences Lexus ES 350 Lease Questions
472 messages, Last post on Nov 25, 2009 at 12:37 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: mnoker (Jun 18, 2006 11:37 am) 2007 Lexus ES350 4dr Sedan 24 mo/15k mi – Residual Value 66% of MSRP – .00245 Base Money Factor Rate 36 mo/15k mi – Residual Value 60% of MSRP – .00245 Base Money Factor Rate 48 mo/15k mi – Residual Value 50% of MSRP – .00245 Base Money Factor Rate 60 mo/15k mi – Residual Value 41% of MSRP – .00245 Base Money Factor Rate 36 mo/12k mi – Residual Value 62% of MSRP – .00245 Base Money Factor Rate 48 mo/12k mi – Residual Value 52% of MSRP – .00245 Base Money Factor Rate 60 mo/12k mi – Residual Value 43% of MSRP – .00245 Base Money Factor Rate 2007 Lexus ES350 4dr Sedan Ultra Luxury 24 mo/15k mi – Residual Value 66% of MSRP – .00245 Base Money Factor Rate 36 mo/15k mi – Residual Value 60% of MSRP – .00245 Base Money Factor Rate 48 mo/15k mi – Residual Value 50% of MSRP – .00245 Base Money Factor Rate 60 mo/15k mi – Residual Value 41% of MSRP – .00245 Base Money Factor Rate 36 mo/12k mi – Residual Value 62% of MSRP – .00245 Base Money Factor Rate 48 mo/12k mi – Residual Value 52% of MSRP – .00245 Base Money Factor Rate 60 mo/12k mi – Residual Value 43% of MSRP – .00245 Base Money Factor Rate Enjoy Slate
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Replying to: adriane (Jun 12, 2006 3:51 pm) If you were to lease this car through Lexus Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00255 and 60%, respectively. The numbers for an otherwise identical 39 month lease should be .00255 and 57%. This is LFS' standard lease money factor for consumers who qualify for its top credit tier. It varies a little depending upon what part of the country one is in. Your trade is worth what it's worth. If you are getting a good deal on your new car, there won't be much room for the dealer that you are working with to over allow on your trade. If you don't feel as though the price that you are being offered for your trade is fair, you can always sell it yourself or sell it to another dealer, like a local CarMax. You should be able to get an idea of your current vehicle's value by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Car_man Host Prices Paid Forums |
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Replying to: cablondeblue (Jun 12, 2006 8:55 pm) Car_man Host Prices Paid Forums |
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| Has anyone checked into or used lease- by-tel. They seem to be legit and the quotes they gave me are about 20% lower than dealer prices. | |
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Replying to: sgtslate (Jun 18, 2006 12:27 pm) forthill |
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Replying to: sgtslate (Jun 18, 2006 12:27 pm) I was just wondering where you got these residual values. If you don't mind telling me the website you got them from, I would love to prove to my salesperson that the residual values she's been quoting me have been, as I suspected,low all along. Surprise, surprise. G
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Replying to: gsense (Jun 23, 2006 3:54 am) forthill |
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My dilemma: My cash is tied up in real estate so until I sell should I lease 24 or 36 mo. then pay cash to buy the car at the end of the lease? I keep cars for 5-6 years. 15,000 miles/yr. Would I save more by financing 100% of the purchase for 2 yrs then paying it off? Lease Term Purchase price: $39,000 Residual 24 mos. $25,740 Residual 36 mos. $23,400 Money Factor: .00245 Security deposit: $9000 |
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I managed to catch the very tail end of a TV commercial here in NY about the ES350 and some 'attractive leasing deals'. Did anyone see the commercial or know if there is indeed any leasing deals on the ES? *Not sure if it would be a regional thing. Thanks, forthill |
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I look at this quote as just the winning dealership to get me in the door to begin to negotiate. (LOL) Let me know what you think? How much better can I do? 36 Months 15,000 miles MSRP: $43,788.00 Residual Value (60%) $26,272.80 Dealer Cost (Supposedly): $38,563.00 Selling Price: $39,763.00 Total Cap Cost: $40,363.00 Vehicle Mark-up: $1,200.00 Buy Rate (Money Factor): .00275 (I have been quoted .00265 elsewhere but not with the same numbers.) Payment $574.64 + 8.25% Tax + $622.05 I know people don't recommend putting money down but maybe just a little would get the payment down even further. Also, someone in another forum wrote this: (Let me know your thoughts.) "One way to go is if your dealer allows you is to make multiple security deposits at signing. What I'm doing is leasing mine at cost, laying out around $5K at signing. $1,500 is out of pocket that I wont be getting back. The remaining money makes up 8 or 9 security deposits. These will be refunded to me when the lease is up. So basically by investing this extra money I will be lowering my payments by almost $100 per month, resulting in about a 20% return on my deposit. It's a good deal if you can afford to lay out the cash for the term of the lease. My monthly payments will be just above $400/mo." I think that is enough Math questions for one day? (Brain overload)  LOL
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