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Lexus LS 460 Lease Questions

173 messages,  Last post on Nov 02, 2009 at 5:21 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Lexus LS 460, Car Leasing, Sedan


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#129 of 173
Picked up an LS460 by topgun7
Dec 05, 2008 (8:46 pm)
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this afternoon from Lexus of Sacramento. LS460 with comfort plus, intuitive parking, one touch open/close trunk and power door closer, and trunk mat, wheel lock etc. MSRP 75765. Here is the term...
 
Sales price 59692.57
doc fee 55
acquisition fee 700
total cap cost 60447.57
drive off 1033.76 (first payment) + 9450 (9 MSD) + 474 (license) + 8.75 (tire fee) = 10967.4
 
36 months / 15k mi per year
Residual 29906 (40%)
money factor 0.00118 (was 0.0019 before the 9 MSD)
 
monthly payment 945.97 + 78.79 (tax)=1033.76
 
Very happy about the internet manager from Lexus of Sacramento. He breaks down all the number so I can examine each one of them before we come to term. Also very polite and easy going. Deaership is hugh and still have 7-8 08 with various equipment level (a couple red with cashmere interior look really sharp). The only problem so far is the serial number is wrong in the lease paperwork so we probably need to go back and change it (crap another 200 miles round trip..) but wifey get 2 cups from the internet manager and she is very happy. She drove it home and her initial impression is that she like it a lot (we did test drove the LS about 5 months ago). We had 6 Lexus and her last car was a CLK 55 convertible and she is very hard to please. Thanks everyone.. without this thread, I would have gotten a CTS with the big discount (and our GM card point).
 
Also we accepted the lexus Visa card and charge 10K or the 10995 drive off on the visa card. Got a total of $550 Lexus dollars to use for future maintenance work (i.e. 15K service etc.).
 
All in all a very nice experience... There is still a few LS460 in the bay area. But look like the number with ML package is getting smaller and smaller... So if anyone is interested, one probably need to move fast. I would highly recommend Lexus of Sacramento..
#130 of 173
Re: 08 or 08 LS460 [topgun7] by Car_man HOST
Dec 08, 2008 (4:12 am)
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Replying to: topgun7 (Nov 30, 2008 2:31 am)

Hey topgun7. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 LS 460 2WD SWB with 15,000 miles per year are .00250 and 47%. The numbers for an otherwise identical lease of a 2008 model are .00190 and an atrocious 40%.
 
On December 2nd, Lexus raised its dealer cash incentive on the 2008 LS 460 from $4,000 to $6,000. I'm not sure if this cash can be combined with the aforementioned lease program though.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#131 of 173
Re: 08 or 08 LS460 [Car_man] by topgun7
Dec 08, 2008 (12:15 pm)
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Replying to: Car_man (Dec 08, 2008 4:12 am)

"On December 2nd, Lexus raised its dealer cash incentive on the 2008 LS 460 from $4,000 to $6,000"
 
heh heh, thanks for the info. I know about the $4000 rebate but did not know that Lexus raised it to $6000. Look like dealer is making out o.k. I think the incentive is being used for lease as well as purchase, otherwise dealer will loss money on the discount on my car. The invoice for my car is around 66087 (MSRP 74765)and the sales price is 59692 (cap is 60447 with 55 doc and 700 acquisition fee)... Got the paper work changed in 10 minutes (wrong Vin number in the confusion on the dealer trade between their sister dealership to get the right color combo) so all is well now.. Really enjoy the DVD-video of the ML systems.. They still have a 7 to 8 08 on the lot.. The red with cashmare interios is particularly sharp..
 
Given the big discount, I actually don't mind the low residual. Our residual is 29906. It is hard to imagine a better 30K car in 3 years (even if it is already 3 year old by then) and we probably will buy it after the lease is up.. Our previous car was a CLK 55 convertible and the lease was up in July this year. At the time, the best LS deal I could strike was around 1300-1400 a months with similar configuration. So waiting for 5 months or so save us a few hundreds a month in payment.
#132 of 173
Re: 08 or 08 LS460 [topgun7] by Car_man HOST
Dec 09, 2008 (2:42 am)
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Replying to: topgun7 (Dec 08, 2008 12:15 pm)

No problem, topgun7.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#133 of 173
I am interested in Leasing a LS460 - Dont know where to go? by rkakoraiev
Dec 30, 2008 (9:42 am)
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Hello Guys - I have never leased a car before and would like to lease a LS460 and was wondering what is considered a good deal today - I have execellent credit (750 +) so I would be considered a Tier 1 customer. I am looking to get a fullyloaded one and was wondering if anyone knows of any good deals - Is it possible to do all negotiations on online and have the car delivered to me? I appreciate all the help guys!!!
#134 of 173
Re: 08 or 08 LS460 [Car_man] by docmri
Jan 06, 2009 (10:25 pm)
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Replying to: Car_man (Dec 08, 2008 4:12 am)

Car man,
You have helped me in the past. I am trying to help a friend who wants to lease a 09 lexus ls460. Can you tell me the latest available MF, RV, for 12k and 36 months from lexus?
 
thanks in advance
D
#135 of 173
Re: 08 or 08 LS460 [docmri] by docmri
Jan 06, 2009 (10:26 pm)
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Replying to: docmri (Jan 06, 2009 10:25 pm)

Car man,
You have helped me in the past. I am trying to help a friend who wants to lease a 09 lexus ls460. Can you tell me the latest available MF, RV, for 12k and 36 months from lexus?
 
thanks in advance
D
#136 of 173
Re: 08 or 08 LS460 [docmri] by eights38
Jan 07, 2009 (6:30 am)
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Replying to: docmri (Jan 06, 2009 10:26 pm)

Hi docmri,
 
2009 Lexus LS460
36 Months - 12,000 Miles per Year - 0.00250 Money Factor - 49% Residual
39 Months - 12,000 Miles per Year - 0.00250 Money Factor - 46% Residual
42 Months - 12,000 Miles per Year - 0.00250 Money Factor - 44% Residual
 
Best,
Matt
eights38gmail.com
#137 of 173
Re: 08 or 08 LS460 [eights38] by docmri
Jan 07, 2009 (6:46 am)
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Replying to: eights38 (Jan 07, 2009 6:30 am)

Hey..
Thanks very much for quick reply.
I assume these are January 2009 rates and usual adjustments if he wants 10k (add2%to RV) or 15k (-2%) to RV
#138 of 173
Re: 08 or 08 LS460 [docmri] by eights38
Jan 13, 2009 (8:44 pm)
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Replying to: docmri (Jan 07, 2009 6:46 am)

Hi docmri,
 
I just confirmed January's lease rates on the 2009 LS460 (Base).
 
36 Months - 12,000 Miles per Year - 44% Residual - 0.00285 Money Factor
39 Months - 12,000 Miles per Year - 41% Residual - 0.00285 Money Factor
42 Months - 12,000 Miles per Year - 39% Residual - 0.00285 Money Factor
48 Months - 12,000 Miles per Year - 35% Residual - 0.00285 Money Factor
* Subtract 2% from Residual for 15,000 Miles per Year. Add 1% to Residual for 10,000 Miles per Year.
 
Best,
Matt
eights38gmail.com

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