Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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 am about to lease a new 2008 LS460 to replace my current 2005 LS430 whose lease is expiring in a month. Does anyone know the current ResidualValue (36 mo and 48 mo) and lease factors are for someone with Tier 1+ credit? Especially with the declining interest rates. I live in Southern california. Thanks in advance.
|
|
|
|
|
Replying to: tonym2 (May 04, 2008 1:05 pm) 36 – Residual 50% – .00225 48 – Residual 40% – .00225 Residual values assume 15k annual miles.
|
|
|
Replying to: ocautoseeker (May 04, 2008 2:03 pm) I am thinking of pre-paying for more miles (18K/year, rather than the standard 15K/year). 2 related questions: (1) Is the extra amount charged (for the 3K miles/year) added to the Capitalized Cost, or deducted from the Residual Value? (2) What is the cost (cents/mile) for pre-bought miles? Again, thanks in advance.
|
|
|
|
|
Replying to: tonym2 (May 04, 2008 4:51 pm) It depends on how they want to structure the lease - but typically, the residual value will be readjusted for the additional cost of miles so that the vehicle will reflect a more accurate "market" value at lease-end. Assuming 18k, the residual on a 36 month term should drop to 48% (from 50% based on 15k).
|
|
|
Replying to: ocautoseeker (May 05, 2008 11:39 pm) They don't have lower residual percentages for mileage allowances higher than 15K/yr.. But, if you wanted 18K, and the charge is $0.15/mi., then they would deduct $0.15/mi. from the residual. $0.15 X 9000 mi. = $1350.. So if the residual for 3yr/45K were 50% of $70K, then the new residual for 3yr/54K would be $35K - $1350 = $33,650. I think this is the way most captive financial companies do it. I only know BMW and Honda, for sure. regards, kyfdx
|
|
|
|
|
Replying to: kyfdx (May 06, 2008 3:37 am)  Thanks for your added support. |
|
|
Replying to: wkalexand (Feb 25, 2008 6:08 pm) I am in the market for LS460 in NJ. Your deal looks pretty good. What dealership was that? Thanks.
|
|
|
|
|
Replying to: leo7 (May 07, 2008 5:01 pm)
|
|
| Just leased a new LS460 w/comfort, nav+ml, int park etc. = 72K msrp for 63,980 in So Cal. pre-paid miles are now 0.20/mi (up from 0.15/mi), it appears, due to a new policy from LFS in April. | |
|
My 2006 LS430 lease expires in Dec 08. I received a message from my dealer asking me to call about a lease forgiveness program. Any advice? Should I wait un til a couple of months before my lease expires or start talking with my dealership now. I leased the vehicle from one of the largest Lexus dealerships in the country. Nothing down, No SD and I pay 837 per month which was about $100/month less than another dealer. The LS 430 has navigation, smart access system, and comes with 15,000 miles/year with a 12 cent per mile excess mileage fee (which I will not exceed). It listed for around $64000 and was discounted to >$57,000 with a cap cost of around $37,000 |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Lexus LS 460 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Lexus LS 460
Browse by Board
Browse by Topic
Today's Chats
