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Sedans Lexus ES Lexus ES 350 Lease Questions
475 messages, Last post on Dec 04, 2009 at 7:39 PM
You are in the Lexus ES Forum. Your Hosts are pat & karens
Want to lease an ES 350? Ask your questions here.
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Replying to: pat (May 26, 2006 5:58 am)
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Replying to: ghstudio (May 30, 2006 8:18 am) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (May 31, 2006 2:17 am) I began negotiations on an ES 350 today. I'm a 27 yr old woman and being nervous that I would be taken advantage of by the experienced salesman, I began my search through the dealer's internet sales dept. I emailed the model,trim,and options that I'm interested in. Each quote from the dealer was $1500 below MSRP. According to buyers in other areas, this is good, but I keep thinking of the invoice price, and I just don't want to pay that much. I counter offered with a price of 90% of the MSRP and figured we can take it up from there if needed. I am willing to pay no more than 95% of MSRP. My first question is, do you think this is reasonable of me, or am I wasting my time? Second question: I plan to lease the vehicle for 36 or 39 months with 15k miles. Do you know the current money factor and residual values? Third question: Once we settle on a price I'll bring up my trade in. I have calculated that I have $3,000 "negative equity". I am not interested in rolling this over to a new loan. I am willing to pay up to $1500 of it, but any suggestions on how to get the dealer to offer more for the trade? Selling it on my own isn't an option, as that's the only vehicle I have and I can't be without one. Thanks in advance for your help.
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I want to lease a 2007 Lexus ES350 UL Package (approx. 43,000.)for 36 months, 15,000 miles per year, good credit? What is a reasonable monthly payment? What is the residual after three years? I was told in another forum not to put any money down. Originally I wanted to put down 5,000. to keep the payment down. What do you think?
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| I test drove an ES350 and the salesman offered $500 off MSRP. He said that's the internet sales price right now. I was in Jacksonville Florida. I didn't press because it was just for fun. | |
Anyone have the Residual and MF for this month on the ES350?
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Replying to: mnoker (Jun 16, 2006 7:11 pm) |
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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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