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Lexus LS 460 Lease Questions

220 messages,  Last post on Mar 14, 2013 at 3:23 PM

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

Messages Page 14 of 22

#130 of 220 Re: 08 or 08 LS460 [topgun7] by Car_man HOST

Dec 08, 2008 (5:12 am)

Replying to: topgun7 (Nov 30, 2008 3:31 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 220 Re: 08 or 08 LS460 [Car_man] by topgun7

Dec 08, 2008 (1:15 pm)

Replying to: Car_man (Dec 08, 2008 5:12 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 220 Re: 08 or 08 LS460 [topgun7] by Car_man HOST

Dec 09, 2008 (3:42 am)

Replying to: topgun7 (Dec 08, 2008 1:15 pm)
No problem, topgun7.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#133 of 220 I am interested in Leasing a LS460 - Dont know where to go? by rkakoraiev

Dec 30, 2008 (10:42 am)

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 220 Re: 08 or 08 LS460 [Car_man] by docmri

Jan 06, 2009 (11:25 pm)

Replying to: Car_man (Dec 08, 2008 5:12 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 220 Re: 08 or 08 LS460 [docmri] by docmri

Jan 06, 2009 (11:26 pm)

Replying to: docmri (Jan 06, 2009 11:25 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 220 Re: 08 or 08 LS460 [docmri] by eights38

Jan 07, 2009 (7:30 am)

Replying to: docmri (Jan 06, 2009 11:26 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 220 Re: 08 or 08 LS460 [eights38] by docmri

Jan 07, 2009 (7:46 am)

Replying to: eights38 (Jan 07, 2009 7:30 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 220 Re: 08 or 08 LS460 [docmri] by eights38

Jan 13, 2009 (9:44 pm)

Replying to: docmri (Jan 07, 2009 7:46 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

#139 of 220 Re: I am interested in Leasing a LS460 - Dont know where to go? [rkakoraiev] by Car_man HOST

Feb 10, 2009 (4:09 am)

Replying to: rkakoraiev (Dec 30, 2008 10:42 am)
Welcome rkakoraiev. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the best way to get a good deal on a leased vehicle is to negotiate the lowest possible selling price on the car that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor.
 
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around with a number of dealers, either in person, on the phone, or via e-mail for the best possible deal on the LS that you want.
 
Once you have a price that you are comfortable with, have the dealer calculate your car's monthly payment using Lexus Financial Services' current buy rate lease money factor for this model, which is .00285 for consumers who qualify for its top credit tier. Your credit is in great shape, so you should not have any trouble qualifying for this rate.
 
You may be able to find a dealer who is willing to deliver you a car without you ever having to set foot in a dealership, but most people, even those who negotiate their deals on-line usually end up going to the dealer to pick up their new vehicles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 14 of 22

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