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You are in the Prices Paid - Buying & Leasing Experiences
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Lexus LS 460, Car Leasing, Sedan
#6 of 221 Re: November Lease Program? [mbonus]
Jan 17, 2007 (4:43 am)
No problem, Mike. Unfortunately, Lexus is not currently providing lease support on the 2007 LS 460. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. LFS' buy rate standard lease money factor varies slightly by region, but it is currently around .00275 for consumers who qualify for its top credit tier. LFS' current 36 month, 15,000 mile per year residual value for a base 2007 LS 460 is 56%. The residual for an otherwise identical 48 month lease is 46%. The residual values for leases with only 12,000 miles per year would be 2% higher.
Prices Paid Forum
#7 of 221 Southern California Lease Question
Feb 09, 2007 (10:32 pm)
I went to a dealer today that quoted me 55% residual on a 36 month lease, and 45% on a 48 month lease. the money factor quoted was .00345. These numbers are different from those car_man mentioned in January 17 post. Is this dealer lying to me? Also, I have read on these forums that often lease companies can give better residuals and financing than the dealer. Where would I find a reputable lease company and is the dealer required to let me use outside financing? Thanks for any insight.
#8 of 221 Re: Southern California Lease Question [socalcar1]
Feb 11, 2007 (9:15 am)
Hello socalcar1. The money factor that you were quoted is too high. Lexus' standard lease money factor varies by region, but is is currently around .00275 or so for consumers who qualify for its "Tier 1+" credit tier. Chances are that the dealer you are working with is trying to mark your car's money factor up to add additional back-end profit to your deal. There should be tons of Lexus dealers in the Southern California area. It would be in your best interest to comparison shop with a few dealers to see what sort of money factor others quote you. You can arrange outside financing for your Lexus on your own, but I haven't heard about any consumers who were able to find an independent bank that had better deals than Lexus Financial Services recently.
Prices Paid Forum
#9 of 221 Re: Southern California Lease Question [Car_man]
Feb 11, 2007 (10:19 pm)
Thanks for the quick response. I really appreciate it as I am close to purchasing this car. Today I went to another dealer who quoted me .00295 but I'll keep looking until I find the .00275. Two follow up quick questions. Today's dealer offered me 1000 below msrp, while the previous deal was at msrp. But they also included a $600 Bank Fee in the cap cost. Is it necessary to pay Lexus Financial this bank fee, and is $1000 off MSRP really the best I'm going to do on an LS460? Thanks!
#10 of 221 Re: Southern California Lease Question [socalcar1]
Feb 12, 2007 (9:59 pm)
Try Interstate Auto Leasing out of Houston, they are nationwide.
#11 of 221 Re: Southern California Lease Question [carman77471]
Feb 15, 2007 (11:45 pm)
Carman 77471 your advice was great. I called Interstate and they were able to find a dealer in Southern CA that gave me the best deal I could find. I even spoke to another broker well plugged in to Lexus dealers that said he couldn't get the same price from that same CA dealer. Interstate is less than one year old but the owners of the business take the calls and they're basically middlemen. You still do the ultimate deal with the dealership so there is no risk. Thanks for the recommendation.
#12 of 221 Re: Southern California Lease Question [socalcar1]
Mar 13, 2007 (3:45 am)
You're welcome, socalcar1. Lexus Financial Services charges an acquisition fee of $600 on every vehicle that it leases. Individual dealers do not have the authority to waive this charge. Try stopping by the following discussion for feedback on how much you can expect to pay for this car right now: "Lexus LS 460: Prices Paid & Buying Experiences".
Prices Paid Forum
#13 of 221 Re: Lexus LS 460: Lease Questions [pat]
Apr 22, 2007 (3:16 pm)
What's a money factor and residual for Lexus LS 460L 2007 in April (12K a year for 36 month) for Tier 1 customers?
Thank you very much!
#14 of 221 Re: Lexus LS 460: Lease Questions [roman7]
May 16, 2007 (1:36 am)
Here you go, roman7. Lexus is not currently providing any lease support on the 2007 LS 460L. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. I believe that its buy rate standard lease money factor varies slightly by region, but it should be around .00275 for consumers who qualify for its "Tier 1+" credit tier and .00010 higher than that for "Tier 1." This car's current 36 month, 12,000 mile per year residual value is 53% without the Executive Package or Pre-Collision.
Prices Paid Forum
#15 of 221 LS 460 lease questions
May 20, 2007 (6:27 am)
Hello Carman, I am new to this forum and top leasing. I am interested in a LS460, but need about 20k miles per year. What are the keys figures I need to know when speaking to the dealer? I understand residual value, but what is the .00275 you mention in your answers? Thansk for any help