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2013 and earlier Lexus IS 250 / IS 350 Lease Questions

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  • Hi ktdray. Lexus Financial Services' February buy rate lease money factor and residual value for a 36-month lease of a 2013 IS 250 Convertible with 15,000 miles per year are .00170 and 60% for consumers who qualify for its top aka "Tier 1+" credit tier.

    I don't think that Lexus is currently providing any cash incentives on the '13 IS Convertible.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hello aong. Lexus Financial Services' February lease money factors for the IS Sedan vary by region. If you tell me what state you're in, I can be more specific about what this car's current program is like.

    For now I can tell you that Lexus is currently providing a $750 cash incentive on leases of 2013 IS Sedans.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • aongaong Posts: 11
    Hi Carman,

    I am locating in LA area.
  • Just took lease of a 2012 IS350 yesterday! I felt like I got a grey deal. This is for OC AREA.

    Originally had a 2010 IS250 up for lease. Had 38k miles and was upside down. Since I took care of the car, it was in mint condition. Went to Carmax to get it appraised and got $24k for it. Yesterday I went into Lexus and they wanted to give me $21k until I showed them the Carmax price they appraised me for and they matched it. I owed $23k on residual.

    On the 2012 IS350, that I haven't seen yet, was a black on black f-sport when I got to the dealer. MSPR was $46k, sold it to me for $38k. Put $2k down and got $512 with tax @ 12k miles a year. Residual is $24k after 36 month Lease.
  • Didn't mention my 2010 IS250 numbers. MSRP WAS $38k, negotiated to $$34k, put $5k down, with 10k miles a year @ $377 with tax a month.

    2010 IS250 smoky granite Monica with nav.

    20120 IS350 f-sport with nav and LED/HID lights, black.

    Also money factor I got on the 2012 was .00160
  • aongaong Posts: 11
    Hi Carman,

    Could you please provide the G37 Journey Couple Money Factor and Residual Value for 24 months lease, 10k or 12k/year? I am in LA area.

    Are there any incentives for this car?

    Thank you.
  • Hi-

    Does anyone have the latest March lease data for 2013 IS350 AWD? I stopped in my dealer on 28 Feb and they didn't have it yet, and still awaiting a call.

    Thanks.
  • treatrea Posts: 2
    Car_man - What are the March buy rate lease money factor and residual value for a 36 month lease of a 2013 Lexus IS 250 RWD Sedan with 12,000 (and 15,000) miles per year?

    I'm located in Orange County, CA. Is Lexus offering lease incentives for this car during March?
  • FYI, the figures I have been quoted for March 2013 are:

    IS 350 AWD
    10,000 miles/year
    36 months

    MF = 0.00145
    Residual = 59%

    There is also a $1500 Lexus Bonus cash available.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello aong. This particular discussion is about leasing a Lexus IS. Please post any questions that you have about leasing an Infiniti G37 in the following discussion:

    rwilto99, "Infiniti G37 Lease Questions" #7456, 13 Mar 2013 5:10 pm#MSG7455

    Thanks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi piperwarrior. Lexus Financial Services' March buy rate lease money factor and residual value for a 36-month lease of a 2013 IS 350 AWD with 15,000 miles per year are .00120 to .00145 (depending upon the region) and 56% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi trea. LFS' March buy rate lease money factor and residual value for a 36-month lease of a 2013 IS 250 RWD with 15,000 miles per year in California are .00120 and 59% for consumers who qualify for its top aka "Tier 1+" credit tier.

    The residual value for a lease with 12,000 miles per year would be 2% higher.

    This month Lexus is providing a $1,500 cash incentive on 36-month leases of this car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • aongaong Posts: 11
    Hi Carman,

    I got a lease offer from a dealer for 2013 IS 350 RWD Sedan for 36 months 12k miles per year.

    Here are the information

    MSRP $46397
    Sales price $43397

    Money Factor 0.00168
    Residual Value 58%.

    With $3500 down payment, the monthly payment would be $574 with tax.
    Or with only $1210 (first payment plus fee), the monthly payment would be $644.

    Are the sales price, money factor and residual looks okay for you? Any thought?

    Thank you.
  • jameslijamesli Posts: 1
    Something doesn't add up. My back of the napkin calculations are off by more than $3000. Double check your numbers before you go any further. The sales price looks good if you added the Navigation package as well as the Luxury package. Is that correct? What packages and/or accessories are included?
  • aongaong Posts: 11
    Hi Jamesli,

    It comes with F-Sport package and Navigation.
  • isloverislover Posts: 32
    edited April 2013
    hi all

    long time lexus lover here.. have become one of those "lexus fanatics" without even trying!

    thinking of doing an 18 month lexus one pay lease on 2013 is250 (awaiting the 2014 but need car til then)

    biggest lexus dealer here in south florida offering 18 month one pay at $289/month with $0 down..pretty sweet

    thoughts? advice?
    good idea? bad idea?

    any and all advice appreciated..thanx :shades:
  • phillyrnphillyrn Posts: 4
    Hello All. Interested in 2013 IS250 AWD. Msrp is approx 40K. Looking for 12k miles and 27 months. In pa/nj/ny area.

    im being told residual is 68% and approx interest is 3%.

    Is there any money on this car for month of April? anyone know of a good dealer for the best price. . . im willing to travel to get the car. Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi phillyrn. There is actually quite a bit of money on this car in April, specifically $2,000. Make sure to take this cash incentive into account when negotiating the capitalized cost for your lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 2011oddy2011oddy Posts: 13
    edited May 2013
    These payments are insane. I am on my 3rd leased BMW now; the resids and money factors are so much better, plus the cap costs are so much lower, today you can have a 335i rocket loaded with MSRP of 53K and get away with $495/mo+ tax on a 3/36 lease. Plus, if you are a BMWCCA member for at least 1 year (start planning) they will cut you a check for $500 on a 3 or $1000 on a 5 or 7 series. I have done this both times with my 535s. The membership is about $50 a year and there are no strings. It is an amazing deal. Plus, take deliv in Munich and your payment will be $410 plus tax. Not for everyone but an awesome experience if you can do it. I did it twice.

    My current 535 was a 61K car euro delivery that I had drive off of $1400 INCLUDING 1st MONTH payment, and paid $631/mo INCLUDING TAX on a 3/30 lease. It would be about $30/mo more for a 3/36.

    I am just now looking at the IS350 vs the 335 and I see that leasing a Lexus in general makes no sense. Across the board, there is not much subsidizing like there is with BMW. Why would you lease with such low residuals? I am disappointed because the IS is a very nice car and a good deal for purchase relative to competition, but it is just too much to lease.
  • insidecarbuyinsidecarbuy NYCPosts: 95
    This car has navigation and Luxury plus package with preferred accessories package. The $2,000 rebates definitely helps!

    CUSTOMER DISCLOSURE
    Customer Name: Inside Car Buying, LLC WD Deal ID: 87341
    Sale Vehicle: New 2013 LEXUS IS 250 9506 4dr Sdn AWD AT w/AC , Automatic , Odom: 0


    Payment Details
    Term 24
    Base Payment 350.45
    Total Payment 350.45
    Purchase Option 30,433.90
    MSRP 43,477.00
    Est. Miles Per Year 12,000
    Excess Mileage Charge 0.25



    Amount Due at Signing

    1st Month Payment 350.45
    Acquisition Fee 700.00
    Fees & Insurance 361.80
    Upfront Taxes 824.96
    Total Inception Fees 2,237.21
    Rebate as Cap Reduction 2,000.00
    Total Drive Off 4,237.21

    Total Cash Required on Delivery 2,237.21


    Tax Information
    Customer State: New York Customer County: WESTCHESTER
    Type Amount Rate Paid
    Cashdown Tax 204.66 7.3750 Upfront
    Upfront Tax 620.30 7.3750 Upfront

    Fee Information
    Description Amount Paid
    Reg 264.30 Upfront
    Insp 10.00 Upfront
    Title 12.50 Upfront
    DocFee 75.00 Upfront
  • 2011oddy2011oddy Posts: 13
    This is an amazing deal indeed. This means you got about 3400 off MSRP PLUS a 2000 rebate towards cap reduction (financed cost 37877) and your 24 month residual is 70%, assuming 9% sales tax. Hard to believe.

    Also, base payment means pre-tax, so your base would have to be 324/month to total 350/mo if tax is indeed 9%.

    Hard to believe but good on you if you've done it.
  • insidecarbuyinsidecarbuy NYCPosts: 95
    Yes it's a pretty amazing deal! It was actually $4,240 off MSRP plus the $2,000 dealer cash. MSRP is $43,477, invoice $41,170 and I got the selling price to $39,237 which is all the holdback plus about a $300 loser for the dealer. 70% residual and .00099 money factor. The taxes, first month, bank fee and dmv fees were all paid upfront and came to $2,237.21. So its not a base payment plus taxes and the tax rate is 7.375%.

    If you can't beleve this deal then you would problem sh*t your pants on the CT200h deal I did. :)
  • kainnyckainnyc Posts: 76
    Dealers me never lose especially before new models roll out! Residual looks slightly low which might be where they maybe making their money! Example I had a 24 mo Benz at 71% RV at 12 k miles, and Lexus has the highest RV period so just a thought!

    I base my comparisons on zero across the board and when I do the math for you, it's not bad but by no means is it a loss to them! They are great magicians, and I'm glad one of us beat them down lol good luck! Getting that at 15 k miles would have definetly made you the winner lol
  • 2011oddy2011oddy Posts: 13
    Wow 9% spread on 24m vs 36m makes it a great rate for a 24 m lease!!
    Nice job.
    I see the MF for the hybrid is 0.0001 too, so I BET you did a great deal there too
  • xfsxfs Posts: 6
    I am being quoted the following for IS 250 AWD with Nav, Luxury Plus, Preferred accessory package.

    Term: 24 months
    Miles: 12k per year

    MSRP: 43445
    RV: 70%
    MF: 0.00099
    Cap Cost: $ 39228

    $2000 Dealer Cash used as cap cost reduction

    $2200 due at signing
    $350 a month

    How's this deal? What can I do to make it better. This is in New York state with a lot of dealers. This is my first time lease. Thank you for all of your help.
  • kainnyckainnyc Posts: 76
    Get it at 15k miles will make it perfect, or why not wait till the new model comes out in 3 weeks and brings down the value of yrs?
  • 2011oddy2011oddy Posts: 13
    Either you are insidecarbuy reposting as someone else, or you just didn't read 4 posts above, where the exact same deal was posted.
  • phillyrnphillyrn Posts: 4
    Leased 13' IS250 AWD. Starfire White Pearl on Ecru. MSRP 43,942. 12k/27M. Zero due at signing. First month payment covered. $428 for remaining 26 months. Includes all fees and 9% sales tax.
  • xfsxfs Posts: 6
    Just curious if anyone knows if when the 2014 Lexus IS comes out, are there typically offers/ support for newly released Lexus cars? Should I wait a couple of weeks to wait for the 2014 models or go for the 2013 model right now? Will the 2014 model be significantly more expensive to lease?

    Best regards.
  • kainnyckainnyc Posts: 76
    Hi, xfs.

    I would definetly wait, because when ever new models come out the value of older models lessens. that is why car companies dont like to change models often. one web site says september is thee best month period bc thats when the new models are in and the new residual values are published. the fall is the best time bc CAR BRANDs offer incentives. for example there was an incentive of 5000 on my wifes acura. it was 33200 msrp, and went to 27500. we got the care 2 days after new year, so we took advantage of the end of the model year lease purchase this begins during the summer depending on when the cars come out. the dealer told me it starts in AUGUST for LEXUS. the new model comes out in june for the IS. im extending my lease so i can purchase my new lease in september. know your msrp, invoice, incentives, residuals, money factor and basic math, before you go bc this will save you 50-250 dollars a month.
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