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Lexus LS 460 Lease Questions

173 messages,  Last post on Nov 02, 2009 at 5:21 PM

You are in the Lexus LS 460/460L Forum. Your Hosts are pat & karens

What is this discussion about? Lexus LS 460, Car Leasing, Sedan


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#1 of 173
Lexus LS 460: Lease Questions by pat HOST
Oct 30, 2006 (8:24 am)
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Interested in leasing a new LS 460? Ask your questions here.
#2 of 173
November Lease Program? by mbonus
Nov 16, 2006 (6:09 am)
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If you can even get your hands on one...
 
What is the lease program for November? What are the numbers for 24mth 15K/Yr and 36mth 15K/yr with tier 1 credit.
 
Thanks.
#4 of 173
Re: November Lease Program? [mbonus] by Car_man HOST
Dec 11, 2006 (2:43 am)
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Replying to: mbonus (Nov 16, 2006 6:09 am)

Lexus' December to Remember" sales event started on November 14th. Through this program, its buy rate lease money factor for the 2007 LS 460 is .00265 for consumers who qualify for its Tier 1+ credit tier. Make sure that this is the factor that is used to calculate your car's monthly payment.
 
Car_man
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#5 of 173
Re: November Lease Program? [Car_man] by mbonus
Dec 12, 2006 (6:46 am)
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Replying to: Car_man (Dec 11, 2006 2:43 am)

Thanks Car_Man,
 
Do you know what the residuals should be for 15K mile 36mth and 48mth leases respectively? Would the residual get a 1% bump for 12K miles?
 
Thanks,
 
Mike
#6 of 173
Re: November Lease Program? [mbonus] by Car_man HOST
Jan 17, 2007 (4:43 am)
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Replying to: mbonus (Dec 12, 2006 6:46 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.
 
Car_man
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Prices Paid Forum
#7 of 173
Southern California Lease Question by socalcar1
Feb 09, 2007 (10:32 pm)
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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 173
Re: Southern California Lease Question [socalcar1] by Car_man HOST
Feb 11, 2007 (9:15 am)
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Replying to: socalcar1 (Feb 09, 2007 10:32 pm)

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.
 
Car_man
Host
Prices Paid Forum
#9 of 173
Re: Southern California Lease Question [Car_man] by socalcar1
Feb 11, 2007 (10:19 pm)
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Replying to: Car_man (Feb 11, 2007 9:15 am)

Car_Man:
 
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!
 
socalcar1
#10 of 173
Re: Southern California Lease Question [socalcar1] by carman77471
Feb 12, 2007 (9:59 pm)
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Replying to: socalcar1 (Feb 11, 2007 10:19 pm)

Try Interstate Auto Leasing out of Houston, they are nationwide.

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