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Sedans Lexus IS Lexus IS 350 and IS 250 Leasing Questions
1166 messages, Last post on Dec 06, 2009 at 10:52 PM
You are in the Lexus IS Forum. Your Hosts are pat & karens
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Replying to: greeneyespsu (Aug 15, 2009 1:15 am)
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| MSD are multiple security deposits. Each security deposit lowers your MF by a certain amount (I don't know the exact amount off the top of my head.. something like .00007 with each MSD, which seems to make sense based off my numbers). For example, my starting MF was .0007 (1.68% -- multiple the MF by 2400 to get the percent) and with 9 MSDs I brought it down to .00006 (.144%). Your MSD is calculated by your monthly payment rounded to the nearest $25. My payment was $411 and some change before the tax increase so my MSD was $425 each. I paid $3825 for security deposit ($425 x 9) which will be refunded to me at the end of my lease. This decreased my interest by 1.536% per year which is quite a lot of money over the life of the lease (I don't feel like doing the exact math, but I did post it previously either in this forum or the price paid forum if you want to see exact numbers) and gives a very high return on investment -- close to 15%, which is way higher than you could get from investing that money in any CD or bank. Everything that I had read on this forum prior to my getting my car suggested that the most MSDs you can put down is 8, but my dealer allowed me to put down 9 so YMMV on that. He said I could pay it down to 0 MF (which probably would have been 1 more MSD -- or maybe I couldn't since that would have been a little below 0 so maybe it wouldn't have gone through, who knows -- and I should have done that, but wasn't even thinking at the time). Effectively, my interest from paying down the MF is only like $120 or something over the life of my lease. | |
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Replying to: newyorklexus (Aug 17, 2009 7:01 pm) What did you end up getting? I may be getting a car today. My moms Saab was at the end of lease and they were being A-holes so she turned hers in lastnt. She is currently driving my Acura and has decided to pay my last 2 payments till my end of lease on that and that will give her time to shop around...worksout great for me bc now I don;t have to throw away $ by handing in my car early.
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Replying to: ambere10 (Aug 18, 2009 8:54 am) $34016 selling price for $37129 MSRP No Cap Reduction Tax/Tags/Title/1st Mo/Acquisition Fee = 3400 at inception MF is 0.0004 12k lease The offered amount 415 They are saying the selling price is their invoice. I'm not convinced.... This is for 2009 IS 250 AWD without HID
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Replying to: leshxa (Aug 18, 2009 11:12 am) Enjoy your new car!!! I can't wait for this to be done! |
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Replying to: Car_man (Aug 06, 2009 1:56 am) What's the August money factor and residuals for a 2009 RWD is250 for 36 months/12k miles? Thanks in advance!
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Got 2 offers today. IS 250 AWD Base car, rear spoiler, preferred accessories $33,800 selling price for (MSRP)36,500 No cap reduction Tax/Tags/Acq fee/1st month payment=3,000 MF=.00075 Residual=53% 10,000 lease 36 months monthly payment=$417 OR IS 250 AWD NAV/LUXURY/HID/PREMIUM $38,500 selling price for (MSRP) 40,999 cap reduction=$1000 Tax/Tags/Acq fee/1st month payment=3000 MF=.00075 Residual 53% 10,000 lease 36 months monthly payment $458 |
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Replying to: leshxa (Aug 14, 2009 10:32 pm) And two, consumers who make down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it is much safer to go with a zero down lease. If you have money burning a hole in your pocket and really want to lower your car's monthly payment use that cash to make multiple security deposits instead of a capitalized cost reduction. At least with MSDs you get the money back at lease-end. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: microsc0pe (Aug 26, 2009 11:54 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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| I need your opinion on a quote I received for a base model 2009 IS250 RWD lease. The total amount of the lease for 36 mths / 12k miles is $15,529 (includes all fees, etc). This equates to $431.36 / mth. I want to to purchase this on Aug 31st and just wondering if its a good deal. Let me know your thoughts on this one. | |
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