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Lexus LS 460, Car Leasing, Sedan
#32 of 221 Re: MF for December to Remember 2007 for Lexus LS 460 L [roman7]
Nov 28, 2007 (2:34 am)
Hello roman7. In the areas that I have seen Lexus' December to Remember lease program for, Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 LS 460 L with 15,000 miles per year are .00230 and 50%, respectively for consumers who qualify for its Tier 1+ credit tier. The residual value for a lease with only 12,000 miles per year is 2% higher.
Prices Paid: Buying & Leasing Experiences Forum
#33 of 221 Re: Current MF and Residual for 48 & 60 Month lease [sprinkler13]
Nov 28, 2007 (2:49 am)
Hi sprinkler13. A 48 month lease of this car is a much better idea than a 60 month lease for a number of reasons. First, Lexus' special lease money factors are only available for up to a maximum of 48 months. Also, 5 years is a long time to be committed to one vehicle. A lot can change over that period of time. You could want a new vehicle because your lifestyle changes or you just plain get sick of your current one. Your commute could change causing you to go way over your mileage allowance, etc... Furthermore, Lexus' bumper-to-bumper warranty coverage is only available for up to 48 months so you go with a 60 month lease you will have to pay out of your own pocket to fix any non-powertrain problems that your car has.
In the areas that I have seen Lexus' new December to Remember lease program for, Lexus Financial Services' current buy rate lease money factor and residual value for a 48 month lease of a base 2008 LS 460 with 15,000 miles per year are .00230 and 53%, respectively for consumers who qualify for its Tier 1+ credit tier. At lease signing, you will have to pay your car's first month's payment, LFS' $600 acquisition fee, and any required state taxes or fees. I believe that LFS is waiving its security deposit requirement for Tier 1+ leases right now. The destination charge is considered to be part of your vehicle's price ant it will be included in its capitalized cost and become part of your monthly payment rather than be paid at signing.
Prices Paid: Buying & Leasing Experiences Forum
Nov 28, 2007 (2:56 am)
Looking at a 2008 Base LS460 ($68,705) + it has an ADM sticker of $2995 for chrome rims. Any idea how much mark-up is in those rims? How much can be residualized?
I saw your previous post stating the .00230 MF and 53% residual for a 48/15k lease. Do you have numbers for a 36/15k lease? If we've leased with LFS in the past, is that the Encore Program and what does that entitle us too?
Appreciate your help!!!!!!
#35 of 221 Re: Carman? [ocautoseeker]
Nov 28, 2007 (11:51 pm)
Just wanted to point out as to not confuse anyone... you stated in your last post that the residual on an LS460 base with terms of 48 mo/15k lease was 53%. You meant 43%, right?? 53% is the 36/15k residual.
Thanks so much for all your insight; it has proven to be very helpful!!
Dec 01, 2007 (4:16 pm)
Does anyone know about the cash rebates of $50-$250 on the Lexus lease special for the December to Remember event? The rebate is 50-250 off the lease price (depending on the price of the vehicle. I was told it is for the duration of the lease term.
#37 of 221 460 LS 2008 LEASE
Dec 25, 2007 (3:09 pm)
I live in South Florida. Want to lease ls460 with naviagtion system. 36 months 45000 miles. What rate or payment should I be looking for. Little down. Top credit
#38 of 221 Re: 460 LS 2008 LEASE [lmsportz]
Dec 27, 2007 (7:37 pm)
Based on current Lexus Financial money factors, residuals and assuming a cap cost around $2500 over invoice (based on a vehicle that MSRP's at around $69k) you're looking at between $950-$1000/mo with drive offs only.
Again, this is just a ballpark... and it's assuming a base model with no additional items such as chrome rims, window tinting, etc.
If you have an exact car picked out and know the MSRP, I can run some numbers for you and get you a better estimate.
#39 of 221 Re: 460 LS 2008 LEASE [ocautoseeker]
Dec 29, 2007 (12:28 pm)
The car has a list of $70355.00.
36 month 15,000 miles annual
Can a get out of dealer with first payment down and cost of license?
What would monthly payments be. I have great credit rating.
Thanks for help
#40 of 221 Re-sale price on 2005 LS430
Dec 29, 2007 (2:08 pm)
I'm trying to buy or lease a 2008 LS460. Have a 2005 LS430 with 45,000 miles in excellant condition (new tires & new brakes) to sell or trade in. The dealer have offered me $28,500 irregauardless if I biy or lease from him. Seem very low to me. What do you think.
#41 of 221 Re: Re-sale price on 2005 LS430 [lmsportz]
Dec 29, 2007 (2:45 pm)
Too Low. If that car had been on a 3yr, 15,000 mile lease the residual would be approx 32,500. Either your car is an ugly ducklin or has damage or your dealer is trying to make too much on you,