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Sedans Lexus IS Lexus IS 350 and IS 250 Leasing Questions
1165 messages, Last post on Nov 17, 2009 at 6:18 AM
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Replying to: lovez2smile (Aug 08, 2009 9:20 am) My first payment was $410+ (600 something for license/registration/dealer fee/etc.) End of the day, I am sure he made something out of the deal...
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Replying to: roushyboy (Aug 11, 2009 1:44 pm) $430/month for a base model IS250 AWD 36 mo/12,000/$2,000 total out of pocket 
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Replying to: roushyboy (Aug 11, 2009 1:44 pm) |
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Replying to: lovez2smile (Aug 11, 2009 4:03 pm) He didn't exactly offered me his best car (i was looking for Red+beige combination).. but basically he was ready to hand over the keys as long as I was signing the papers on that day.. (he really didn't acknowledge any of my request at the dealership).. but I was happy with the deal.. so yah.. i signed the dotted lines the next day. No cap cost/no out of pocket.. my first payment was monthly payment + registration + dealer fee and some other crap they always throw at you.. i can com up with actual first payment if anyone wants to look at.. |
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Is this a good deal - MSRP $34,390 includes delivery, processing & handling 10,000 per year miles residual $15,132 389/mo./48 mos. $1,089 down |
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I am trying to work out the deal still, but here is what I was offered. MSRP : $36006 Selling Price $33,345.00 Residual $18,697.00 Depreciation $14,648.00 Acquisition $700.00 Taxes+Tags $423.00 1st Month $381.00 Cap Reduction $2,500.00 Cap Cost $13,652.00 Term 36 Lease $379.22 I am missing MF calculation, but I figured for an approximate .01%, this seems correct, since the dealer quoted me $381.40. What bothers me is that this deal eats up 4000 bucks at inception and is a base model deal with 10k/year. Sounds like a typical deal thrown out - exactly the $349/mo advertised with 3500 down. I told the dealer that I will close at 32k selling price or will need top of the line options for 33,5 price. So far, no answer from them. I feel that I will be contacted in a couple days when the dealer gets close to the end of the month. Any thoughts?
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Replying to: leshxa (Aug 14, 2009 7:24 pm) |
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Why is cap reduction a horrible idea? If I understand it right, in lease you essentially finance the depreciation value. So if cap reduction is almost like a down payment, it reduces the monthly payment for the lease. Perhaps I just don't understand why. Could you please explain?
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Replying to: leshxa (Aug 14, 2009 7:24 pm) Second, the deal you were offered is not good at all. I got my car MSRP $37,656 sold to me for $32,448. You're over $1,500 less than my car MSRP and at over $1,000 more selling price, that's crazy. I would shoot for $31,500 for that car, if not less. Third, NEVER put down a cap cost reduction. NEVER. If you total your car, you lose that money unless you have GAP coverage. And really, what's the point anyway? You're paying the same amount over the life of your lease (aside from a tiny bit of interest) so why pay it now? You could better use that money to put down MSD (multiple security deposits) and pay down your MF. Paying down your MF with maximum MSD (usually the standard maximum is 8, but sometimes you can do more than that.. my dealer let me do 9 and I probably could have done more if I wanted) you could get a 10 to 15% return on investment of that money because you get it back after your lease and you minimize the interest you'll be paying significantly. I think on my lease at .144% I'm only paying like $125 total in interest over 3 years. Look back in this forum and the prices paid forum and you can see the deal I got. You'd be paying significantly more than me on much less of a car. Plus I got my car 4 1/2 months ago. You should be able to get just as good of a deal or better since the 2010's are coming out soon.
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Are you the same greeneyes from the kawasaki forums? lol. Thanks, man you're everywhere 
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