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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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Replying to: gryan (Feb 25, 2008 7:42 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Say, I'm being told entirely different things by two Lexus dealers. One says multiple Security Deposits means multiple monthly payments, the other says $500 per Sec Dep. That is a big diff. If I make 9 X $500 vs. 9 X $1,400 up front to reduce my money factor. Who is correct? Thanks. R
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Replying to: rorser (Mar 13, 2008 8:11 am) Good luck |
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Replying to: Car_man (Mar 06, 2008 3:33 am) Richard |
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Replying to: rorser (Mar 13, 2008 8:33 am) |
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Replying to: rorser (Mar 13, 2008 8:33 am) MSD's are made up-front.
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Replying to: ocautoseeker (Mar 13, 2008 5:45 pm) But, what constitutes a SD? I am being offered a MF of .000310 on a 48 mo. lease with a Cap Cost of $77,330 which includes the $600 Acquisition Fee. Any way I might get my payment down beside the $1,400 SDs? Thanks, R
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I'm looking to lease an 08 LS460 on for 36 mo/15K miles. I live in Portland, Or where there is only one Lexus dealer so there is no competition and I'm only getting about 5% off MSRP, which seems low, and they are quoting a money rate of .00329, which sounds pretty high. I've read on leasecompare.com that LSF rates have dropped to .00225 with 51% residual. CA dealer are pretty quick to discount 8-11% off MSRP and I assume lease rates would be better. Couple of questions: 1. Is there any reason an out of state buyer could not lease a car from a CA dealer; 2. My understanding is that I would pay CA sales tax only on the portion of the cap cost, and not the full MSRP. 3. I have a 04 430 to trade in which is valued in OR at 25K. Would I be better off using that as a cap reduction or buying down the rate with SD's, or some combination of both. I would like to get my monthly payment as low as possible.
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Replying to: jim9921 (Mar 28, 2008 11:18 am) California taxes the monthly payment, on a monthly basis. If your car is registered in Oregon, and that is where you receive your monthly lease bill, there should be no tax due. You might have to pay California tax on the first payment, if you make that at delivery.... and, on anything you pay upfront (acquisition fee, etc.). So.. don't pay anything upfront! regards, kyfdx |
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| I'm a Oregon resident and have been looking to lease an 08 LS460 from a CA dealer. Both the cap cost and money factors are better than I can find in Oregon, but so far I've had two SoCal dealer tell me they don't lease out of state. I've been pre approved by LFS with a FICO of 792, so it's not my credit in question. I know NV dealer will lease out of state, but prices don't seem as good as SoCal. If any non CA residents have leased a Lexus in CA, would you let me know what dealer you worked with and your experience. | |
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