- #152 of 173
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Re: I'm gonna lease a LS460 need help!! [eclipse2]
by richz
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May 14, 2009 (7:09 pm)
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Replying to: eclipse2 (May 14, 2009 6:03 am)
No problem. Unfortunately I haven't found a good resource for determining what the money factor from lexus financial is and the residuals, etc. I have found good resources for BMW and Mercedes but never had luck for Lexus. Edmunds doesn't always have all the trunk money/incentives listed so Lexus may be offering some support to dealers but I don't know how to find out.
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- #153 of 173
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Re: I'm gonna lease a LS460 need help!! [richz]
by eclipse2
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May 15, 2009 (5:30 am)
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Replying to: richz (May 14, 2009 7:09 pm)
I spoke with about 4 dealers and $68,500 from 75,544 was the best I could get! the next best was $69,255 when I told them I could get it for $68k they said buy that one thats a good price we can't do it. I was gonna buy it yesterday but I want to make sure I'm getting the best price plus MF .00210 for 12k miles 36mon 44% or 42mon 39%
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- #154 of 173
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Re: I'm gonna lease a LS460 need help!! [eclipse2]
by alfe
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May 15, 2009 (6:56 am)
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Replying to: eclipse2 (May 15, 2009 5:30 am)
Are you aware that you can put down up to 9 times your lease payment in cash at signing and substantially reduce your monthly lease payment (you get all of the money back at the end of the lease)? I did that when leasing my 2008 LS460. The savings in my lease payment came to over 7% per year on the money I put down. ALFE
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- #155 of 173
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Re: I'm gonna lease a LS460 need help!! [eclipse2]
by richz
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May 15, 2009 (7:28 pm)
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Replying to: eclipse2 (May 15, 2009 5:30 am)
What's the invoice price on the car? I wouldn't pay much, if any, over invoice in this market.
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- #156 of 173
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Re: I'm gonna lease a LS460 need help!! [eclipse2]
by Car_man HOST
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May 22, 2009 (1:47 am)
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Replying to: eclipse2 (May 07, 2009 4:51 pm)
Hi eclipse2. Let's work up a sample lease payment on this car and see what we come up with. According to my calculations, if you were to lease a base (aka 2WD SWB) 2009 Lexus LS 460 that has an MSRP of $75,544 and a selling price of $68,500 through Lexus Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $1,187 assuming that you qualify for its top aka Tier 1+ credit tier.
Car_man
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- #157 of 173
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Re: I'm gonna lease a LS460 need help!! [eclipse2]
by Car_man HOST
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May 22, 2009 (1:49 am)
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Replying to: eclipse2 (May 13, 2009 3:24 pm)
Hey eclipse2. The money factor that you were quoted is too high. In your area right now, Lexus Financial Services' buy rate lease money factor for the '09 LS 460 is .00165 for consumers who qualify for its top credit tier. Make sure that the dealer that you are working with doesn't try to mark your car's factor up to add additional hidden, back-end profit to your deal.
Car_man
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- #158 of 173
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Re: I'm gonna lease a LS460 need help!! [Car_man]
by eclipse2
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May 22, 2009 (2:27 pm)
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Replying to: Car_man (May 22, 2009 1:49 am)
Thanks car_man I didn't buy it yet it didn't feel right! is that .00165 only for the 2wd? the one I was looking at had awd. and what do you think about $68,500 could I get more off or was that good? thanks again for all your help!!
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- #159 of 173
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Re: I'm gonna lease a LS460 need help!! [Car_man]
by furnman1
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Jun 10, 2009 (8:08 pm)
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Replying to: Car_man (May 22, 2009 1:49 am)
Looking for some feedback. Looks like Car_man is the man! Trying to lease a 2009 LS460 in Jacksonville FL, but dealership doesn't seem to giving out the best offer. Trying to get my monthly payment below $1100/month, but they seem to be in the mid-high $1300 range on a 36 or 39 month 15K/year $75K sticker 2009 LS 460. Should I shop in other cities, and/or wait until 2010s come out? Let me know.
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- #160 of 173
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Replying to furnman1
by alfe
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Jun 11, 2009 (7:11 am)
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You won't get your payment down below $1100/month at 15K miles/yr. You will get it close to that if you put down around $10,000 security through Lexus Financial. You get it all back at the end of the lease. It works out to a pretty good return on the 10 grand. alfe
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- #161 of 173
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Re: I'm gonna lease a LS460 need help!! [eclipse2]
by Car_man HOST
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Jun 12, 2009 (1:49 am)
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Replying to: eclipse2 (May 22, 2009 2:27 pm)
No problem eclipse2. Yes, the .00165 money factor included AWD models. It has since been enhanced to .00105 in the Eastern United States and 00145 elsewhere for consumers who qualify for its top credit tier.
Car_man
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