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Prices Paid: Buying & Leasing Experiences 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
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Car_Man, I have been trying to get residuals and money factors for '09 ES350. We are in the South Florida market. Any help will be appreciated.
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| I am getting prices for a lease on on 2009 460 L AWD . So far the best deal I have been quoted is $1,292 w/o tax for 36 months 15k the car is smoky granite with a black interior. It has the upgraded Levinson with 19 speakers, Telios wheels and the chrome pillars. How does this deal sound ? | |
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Replying to: kmbaer (Jun 16, 2009 6:23 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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What are the July MF & Residuals, assuming 3 year lease and 12000 miles per year. TIA
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Replying to: spicytuna (Jul 20, 2009 3:40 am) http://www.swapalease.com/VehicleSearch/VehicleDtlL.asp?year1=&year2=&make=Lexus- &model=LS+460&category=&state=&zipcode=&zipDistance=&begPayment=&endPayment=&beg- Price=&endPrice=&BegMonthsRemaining=&EndMonthsRemaining=&BegMilesPerMo=&EndMiles- PerMo=&recent_list=&forSale=&Country=&ListingType=&ExtColor=&IntColor=&Engine=&T- ransmission=&showIncentive=&showNewLease=&leaseCompany=&showOnlyDealer=&DUID=&re- sultsPerPage=10&page=1&sort=3&vehicleID=475010 |
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Replying to: spicytuna (Jul 20, 2009 3:40 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi All, I'm considering to purchase an LS. The salesman told me the new LS lease program that is effective this month. For an 09 AWD model with MSRP $72,405 (I guess with this price it probably includes most options, excluding Mark Levinson audio), the lease price is $869/mo with 10K miles/yr, $2800 down. For 12K miles/yr, $30 is added per month. I have seen the previous postings on the lease price, so this price seems quite attractive. Still I'd like to hear opinions of experts here. Do you think this price is worth to rush in, or there is still room to negotiate (the salesman said it's "non-negotiable".) And would this price justify the lease over buying? Thanks for the help, Andy
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Replying to: Car_man (Jun 12, 2009 2:30 am) I second that . I leased an 08 LS460 with ML/NAV, MSRP 75+K with a cap cost of 59+K in December 08 (don't laugh, Lexus had an 9000 delear cash last year when the economy hit the fence) and I put 9 lease payment to reduce the money factor. My monthly payment is in the $970+ + tax range.. The residual was set very low. After 3 years, 15k mile, I can purchase the car for 29K+.. The way Lexus set the December to remember lease rate is to make sure that your payment is about the same as in Nov. So they gave you lower money factor but lower residual as well.. If you want to buy the car at the end of the lease, then by all mean wait and see what Dec bring.. If you don't care about buying the car, your payment may not be too much different and you get a better selection of color and equipment combo... |
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Replying to: andy_w (Oct 15, 2009 1:28 pm) It is a fairy loaded question and probably will take you a while to compare all the minor details.. If you can write off part of the lease because you use it for business, lease is the answer. However if you don't use the car for business, it boil down to you cost of money in lease vs purchase (i.e. the cheapest interest rate vs money factor that you can get), the price lease vs purchase (sometime you can get a better price one way or the other if manufacturer run special rebate for one program but not the other), and the tax treatement of lease vs purchase (in some states, tax is only calculate on the monthly payment e.g. California. In other states, tax is calculate on the entire sales price. In yet other states, you can deduce your trade in when you calculate sales tax on purchase but not lease).. Then you have to figure how much is gap insurance worth to you. Every Lexus lease (and most manufacturers' lease), they throw in a gap insurance where if you have an accidence during the lease period, you can hand the manufacturer your insurance check and walk away from the lease if you have an accident that total the car. If you purchase the car, it is anyone guess as to whether the insurance check will cover the real worth of the car at the time of accident. In 03/04, I leased my son and daughther and 04 Honda coupe in California and I bought myself and 04 Honda sedan in Arizona. And it was down to the different tax treatment between California and Arizona because I have a car to tarde in.. My take is go with any special that a manufacturer give you if you don't use the car for business.. If they are promoting lease then go with the lease.. If they are promoting purchase then go with the purchase.. |
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I am looking at an LS 460 also and the dealer told me today that he did not believe the december promotion will help on the LS, mostly the IS, ES, GX hope that helps |
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