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Lexus ES 350 Lease Questions

359 messages,  Last post on Aug 28, 2008 at 7:47 PM

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

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#99 of 359 Re: Lexus ES350 Lease Deal - Pittsburgh area [tdoh] by go21bucs Sep 24, 2006 (4:32 pm)
Replying to: tdoh (Sep 19, 2006 11:04 am) tdoh --   Thank you very much for your insights. Yes, the sales tax is a killer -- but, such is life here in PA.   Does anyone else here have any thoughts about the whole "trade in on a lease" question that I have? I'd like to make a decision on this asap, but would love to hear from others who have been through this.   Thanks!
#100 of 359 Re: Lexus ES350 Ultimate Lease Deal [garsarno] by Car_man HOST Sep 26, 2006 (2:53 am)
Replying to: garsarno (Sep 03, 2006 8:44 am) Hi garsarno. The money factor that you were quoted for this car is right in line with Lexus Financial Services' current buy rate for it. This is a good sign because it means that the dealer you are working with is not marking your car's money factor up to add hidden profit to your deal. There is definitely over $2,000 in dealer profit left in your car, but I am not all that familiar with what the market is like for it right now so it is difficult for me to say if you will be able to get one for a lower price than the one that you were quoted. Try looking in the following discussion to see how much other community members have paid for similar cars lately: "Lexus ES 350: Prices Paid & Buying Experience".   Car_man Host Prices Paid Forum Replies to this message: vegasjoo (Jan 20, 2007 12:07 am) Car_man (Feb 10, 2007 7:36 pm)
#101 of 359 Re: Should I trade in? [beltelmel] by Car_man HOST Sep 26, 2006 (2:56 am)
Replying to: beltelmel (Sep 15, 2006 12:52 pm) Hi beltelmel. There's nothing wrong with trading in your existing car when leasing a new one. Just have the dealer that you are working with cut you a check for any equity that you have in your car rather than using the proceeds from it a s a down payment on your lease. You should be able to get an idea of how much you will have to pay to get this car right now by visiting the following discussion: "Lexus ES 350: Prices Paid & Buying Experience".   Car_man Host Prices Paid Forum
#102 of 359 Re: Lexus ES350 Lease Deal - Pittsburgh area [go21bucs] by Car_man HOST Sep 26, 2006 (3:04 am)
Replying to: go21bucs (Sep 16, 2006 3:17 pm) Welcome go21bucs. If the capitalized cost that you mentioned is this car's selling price, you aren't being given much of a discount on it. You should be able to do a lot better than a $500 discount on an '07 ES 330. The money factor that you were quoted does look a little high. Lexus Financial Services' current buy rate lease money factor for the 2007 ES 330 for consumers who qualify for its "Tier 1+" credit tier is currently .00275 in most areas. I believe that this car's "Tier 1" money factor would only be something like .00010 higher.   If you have a vehicle that you have equity in that you can trade in you actually would be better off having the dealership that you are working with cut you a check for it instead of using the proceeds from your trade as a capitalized cost reduction for your lease. Consumers who make cap cost reductions risk losing them if their vehicle is totaled in an accident or stolen.   Lexus Financial Services' current base lease acquisition fee is $600. This fee is set by LFS and all consumers who lease have to pay it. I'm not sure why it was $50 higher in one part of the quote you were given.   Car_man Host Prices Paid Forum
#103 of 359 2007 Lexus ES 350 Residuals and Money Factors by stlacura Nov 10, 2006 (9:28 am)
Car_Man,   Do you have the Lexus Residuals and Money Factors for a 2007 ES350 (premium and nav) for a 15k lease for 36 months?   Also, any word on when December to Remember will come out?   Thanks, Mike Replies to this message: Car_man (Nov 14, 2006 3:55 am)
#104 of 359 Lexus ES350 Lease ATLANTA by keithordan Nov 12, 2006 (12:33 pm)
Just leased an ES350 in Atlanta, GA. I called all 5 dealers in the metro area and negotiated prices. Finally 3 of the 5 said no and two agreed to a Lease price of $579 plus tax on a Nav/Premium Plus unit with an MSRP of $41,500. Car Color is Obsidian with Cashmere.   I am confident that that is at least close to the best you can do in Atlanta because everyone was willing for me to walk away below that number. Every dealer said they had a very small selection of cars available for sale most were coming in presold. Replies to this message: stlacura (Nov 12, 2006 12:44 pm) keithordan (Nov 12, 2006 6:04 pm)
#105 of 359 Re: Lexus ES350 Lease ATLANTA [keithordan] by stlacura Nov 12, 2006 (12:44 pm)
Replying to: keithordan (Nov 12, 2006 12:33 pm) Thanks for the info. A few questions....   What did you agree upon for purchase price?   Did you put any additional money down outside of first payment and security deposit?   What was the money factor and residual? Also, how long of a term are you leasing for? How many miles a year?   Thanks! Replies to this message: keithordan (Nov 12, 2006 6:04 pm)
#106 of 359 Re: Lexus ES350 Lease ATLANTA [stlacura] by keithordan Nov 12, 2006 (6:04 pm)
Replying to: stlacura (Nov 12, 2006 12:44 pm) $38422 Sale price + $600 Aquisision fee = $39022 Total Cap Cost, Just starts down(1st Payment and Security Deposit),36 months 12K miles, Residual of $24202.98.   Not sure about money factor...sorry...I was negotiating based on Payment and so was not managing the money factor variable.
#107 of 359 Re: 2007 Lexus ES 350 Residuals and Money Factors [stlacura] by Car_man HOST Nov 14, 2006 (3:55 am)
Replying to: stlacura (Nov 10, 2006 9:28 am) Here you go, Mike. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Lexus ES 350 with 15,000 miles per year are .00275 and 57%, respectively for consumers who qualify for its Tier 1+ credit tier. While I have not seen any official word on when it will begin, I strongly suspect that Lexus' annual "December to Remember" sales event will begin on November 22nd. If I was in the market for this car, I personally would definitely wait until then to lease one.   Car_man Host Prices Paid Forum
#108 of 359 Re: How back into selling price given payment? [sammys] by saprissa Dec 01, 2006 (2:03 am)
Replying to: sammys (Jul 04, 2006 10:41 am) sammys - I know I'm responding to a very old post, but this is my first time going thru these forums. So I thought I would put in my two cents on the affect of RV, money factor and msrp (or agreed-to price). This is something I had worked up this afternoon when considering a 36 month lease, $40K msrp, 0.00275 money factor and 58% RV.   ** For every $500 reduction in price (all else constant), the monthly payment drops by approx $15   ** For every $500 (or 2%) INCREASE in RV, the payment drops by approx $12   ** For every 0.0001 decrease in the money factor, the payment drops approx $6   Hope this is helpful. For me, I'm trying to focus more on negotiating the top line. I'm hesitant to allow them to jack up the residual value, since some lease agreements are open-ended. In that case, you would be stuck with the delta between the actual price in 3 yrs (vis-a-vis the negotiated RV).

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