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Lexus LS 400/LS 430 Lease Questions - READ ONLY

54 messages,  Last post on Jun 07, 2007 at 6:32 PM

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What is this discussion about? Lexus LS 430, Lexus LS 400, Car Leasing, Sedan

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#25 of 54 Re: Thanks, but how does that work. [kyfdx] by carguywannabe Dec 15, 2005 (7:59 pm)
Replying to: kyfdx (Dec 15, 2005 7:11 pm) Thanks kyfdx,   That does make sense. I guess should look at how the interest rate factors out to the money factor. Anyone have a formula for that. I mean, I read the "2400" figure, but I'd like to see the whole math, not just the "cheat" factor. Although it makes it simple.   Much appreciated for the reply.
#26 of 54 Re: Thanks, but how does that work. [kyfdx] by carguywannabe Dec 15, 2005 (8:06 pm)
Replying to: kyfdx (Dec 15, 2005 7:11 pm) Hi again, kyfdx,   Sorry to seem anal, but one more thing strikes me here. I get your average concept, being half of the sum of the residual plus the cap cost, but this also means you pay interest on the vehicle at msrp, even though you negotiated a better price. Doesn't it?   This seems to diminish the value of negotiating a lower price somewhat, not totally.   I haven't leased a car to date, but was considering it on a Lexus, so this conversation is much appreciated.   Thanks. Replies to this message: kyfdx (Dec 15, 2005 8:15 pm) carguywannabe (Dec 16, 2005 7:04 am)
#27 of 54 Re: Thanks, but how does that work. [carguywannabe] by kyfdx HOST Dec 15, 2005 (8:15 pm)
Replying to: carguywannabe (Dec 15, 2005 8:06 pm) Nope... the formula isn't (MSRP + Residual), it is (Cap cost + Residual).. with the cap cost being your selling price plus any fees or taxes that are added into the price, minus any cap cost reductions..   So, you are only paying the finance charge on the actual price you pay..   I explain the 2400 this way...   The money factor is a fraction, while APR is expressed as a whole number.. multiply by 100   The money factor is for a monthly finance charge, while APR is annual.. multiply by 12   The money factor is half what it would normally be to account for the whole (Capcost + Residual) thing.. multiply by 2   100 X 12 X 2 = 2400   Or.. to make it possibly clearer (or not...lol) work your way backwards from an APR..   6% APR.. Divide by 100 to convert to a fraction = .06   Divide by 12 to convert annual to monthly = .005   Divide by 2, to convert (Capcost + Residual) to an average of the two numbers = .0025   6% divided by 2400 = .0025   Hope this helps... kyfdx Replies to this message: carguywannabe (Dec 16, 2005 7:04 am)
#28 of 54 Re: Thanks, but how does that work. [kyfdx] by carguywannabe Dec 16, 2005 (7:04 am)
Replying to: kyfdx (Dec 15, 2005 8:15 pm) Thanks. That is quite understandable to me. You're good at explaining things.   So this help me a lot. As I say, I've never leased, but having a better understanding of it now, I'd say it costs the same as buying. Only it involves paying more interests as you're deferring paying for a bunch of the capital. Thus the balance isn't declining as fast.   And the trade off to paying more interest is an additional option (flexibility) at some point in the future where you have the choice to return the car.   To another poster's point, if you have something better to use your money for now, leasing can certainly make sense.
#29 of 54 March Lease Factors LS 430 by ribbonking Mar 26, 2006 (2:04 pm)
Hello, Carman. I am looking for 36 month money factor and residuals for the Lexus LS 430, 15,000 miles / year. I am hoping that there are some good lease numbers on this car now that the new model is on the horizon.   Thank you.   Mike Replies to this message: Car_man (Apr 11, 2006 1:37 am)
#30 of 54 Lease numbers by acctprof Apr 03, 2006 (6:05 am)
Hello, Carman. I am looking for 36 month money factor and residuals for the Lexus LS 430, 15,000 miles / year. I am hoping that there are some good lease numbers on this car now that the new model is on the horizon. Thank you. Mike   Me too. But I would take 48 months if that gives a much better payment. Replies to this message: Car_man (Apr 11, 2006 1:39 am)
#31 of 54 Re: March Lease Factors LS 430 [ribbonking] by Car_man HOST Apr 11, 2006 (1:37 am)
Replying to: ribbonking (Mar 26, 2006 2:04 pm) Hello Mike. If you were to lease a 2006 Lexus LS 430 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 .00156 and 51%, respectively. This is a pretty good money factor. It;s equivalent to an interest rate of around 3.75%.   Car_man Host Smart Shopper / Prices Paid Forums
#32 of 54 Re: Lease numbers [acctprof] by Car_man HOST Apr 11, 2006 (1:39 am)
Replying to: acctprof (Apr 03, 2006 6:05 am) Hey acctprof. The money factor for an otherwise identical 48 month lease would be the same, but the residual value would drop to 42%. A 4 year lease of this car should residual in a lower lease payment than a 3 year lease.   Car_man Host Smart Shopper / Prices Paid Forums
#33 of 54 Lease for Ls 460 swb? for "Car man" by yak54 Apr 20, 2006 (6:34 pm)
I was considering purchasing the 2007 Ls 460 swb for approx. 65K litely equiped. But, with possible first year glitches and high residuals, it may be better to lease the first 3 years and buy latter. What do you think, and what would you specualte on a 3 yr 15,000 mile lease payment? Thanks! Replies to this message: Car_man (May 01, 2006 3:54 am)
#34 of 54 Need Info! by peters902 Apr 24, 2006 (9:46 am)
Hi, Car man and everyone else:   My current LS 430 lease expires June, so need the offical residuals for May (if out yet) as well as money factor. . . and does anyone know of LS 430 will have Lexus' help coming such as bulking up residual to help get rid of 2006 models? . .   Also, has anyone dealt with Fleetsales.com? What's your experience? Replies to this message: Car_man (May 01, 2006 8:06 am)

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