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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
I'm looking to lease a car for the first time. Dallas,TX. I've read that .00245 is the current rate. Is that really the lowest rate for those of us with the best credit scores? I was hoping for something lower. Is Lexus Financing who most people use? or should I look for a better deal from another leasing company?
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Replying to: cmacha (Feb 21, 2008 12:07 am) Btw... the lowest rate I've seen LFS publish on an LS in the past year was .00230.
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Do you think multiple security deposits is the way to go with a lexus lease? how about paying all payments in a one pay program. The dealer offered $7800 off MSRP of 67805
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| I do not like monthly payments, so I was going to buy the vehicle outright. But they offered me the prepaid lease which I calculated had an interest rate of 4.5%. The initial value of the vehicle over the 36 months of the lease was 44K (they subtracted my trade in form this), all going to disappear due to depreciation. When this came up, it was my first lease, so I calculated the amount I was payinng over time several ways, and finally concluded that I was paying 4.5% for borrowing the money that was going to disappear anyway, instead of using my money. At least that is the way I looked at it. If I had bought the vehicle, I would have to have come up with 80.5 K, and there would have been a lost interest opportunity there as well, so I considered it a wash, and went for it. One benefit was that I paid tax on the 44K, not the 80.5 K, which here in CA is (gulp) 8.5%. Would I do it again--depends on the prevailing interest rate, and whether I think I can do better investing the funds. If so yes, if not than no. At 36 mo, I can still purchase the vehicle if I wish, and I may, since I keep most of my vehicles 50k miles or at least 5 yerars, but again, it depends on the conditions of the market then. And how wealthy or unwealthy I am feeling. | |
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Replying to: ocautoseeker (Feb 21, 2008 1:17 am)
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South Florida Market: Here's the car: LS460 (short) -Comfort pkg -Navi/Mark Levinson -Intuitive Parking Assist -One Touch power door closers List $70,835.00 Here's the deal: Cap cost: $61,874 Money Factor: 0.00255 Residual 51% 36 months 15,000 miles $1875 due at signing $1053 a month including tax Should I sign off on this deal? |
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Replying to: cmacha (Feb 25, 2008 1:46 pm) Tell them that you were quoted a .00245 buy rate from another dealer and see what they say. |
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Replying to: wkalexand (Feb 25, 2008 6:08 pm) Either way, the deal looks good... quetion them about the rate before signing, but if they don't budge, know the deal is still worth taking. |
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Replying to: wkalexand (Feb 25, 2008 6:08 pm) i do feel that $9000 off msrp is great my dealer offered $8000 and i really had to push for that
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Replying to: gryan (Feb 24, 2008 4:06 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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