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2013 and earlier Lexus IS 250 / IS 350 Lease Questions

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  • Hey mmenard. Lexus Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 IS 250 Sedan RWD with 10,000 miles per year are .00170 and 63% for consumers who qualify for its top credit tier.

    Lexus is waiving the first month's payment on leases of this car right now.

    I am not aware of a 27-month lease special.

    Car_man
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  • gpb59gpb59 Posts: 69
    Car Man, is there still dealer cash incentive on this lease? thanks
  • Hello all.

    I used this site 3 years ago to get advice on leasing my 2010 IS 250 (with Navigation) and everyone was so helpful that I thought I should come back for more help!

    My current lease ends on Jan 1st. 3 years ago I was able to put $2k toward taxes and license and get a lease payment of $395 per month (with 10K miles allowed per year). I leased from the Lexus dealer in Oxnard, CA. I live close to my work and am well within the mileage allowance (with quite a bit left).

    Anyone know how things are working for the 2013 IS 250 model? I need to secure a new lease within the next 3 weeks. I am hoping to get the same deal or better. The salesperson that I worked with before is no longer in his position so I feel like I have to start emailing dealers all over again, of course with full knowledge of what kind of deal I should be getting.

    Thanks so much in advance for your help!
  • Hi gpb59. There's dealer cash on the 2012 model, but none on the 2013 IS. Lexus is waiving the first month's payment on leases of the 2013 model though as part of its December to Remember promotion.

    Car_man
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  • sgs55sgs55 Posts: 1
    I was just called by the dealer who leased me my Lexus RX 350 Sept 2011. He said they are low on used vehicles and are offering to take back my care and replace it with a 2013 model for the same payment and lease time that I have now (or I can up it to 3 years at same rate). They wil pay first payment and 1 year registration. I have to do it before 12/31. this was my first lease. My monthly is $550 (the MSRP was $43,120.00). Is this worth it?
  • steverstever YooperlandPosts: 39,982
    A reporter would like to speak to a woman who is a new Lexus IS owner. If you fit the description, please send your daytime contact to pr@edmunds.com no later than 3 p.m. PT/6 p.m. ET, Friday, January 11, 2013.

    Moderator
    Need help navigating? stever@edmunds.com - or send a private message by clicking on my name.

  • Hi everyone I posted back in March about my 2012 Lexus IS 250 AWD and just was looking over my contract today and read this forum and saw that I hadn't given enough details for an accurate assessment to be made. I hope that this information can help anyone currently looking for a new IS and result in an even better deal!. This info is posted further down. I appreciate anyones help!

    My 1st year of lease be completed on March 13th and the car currently has only 9,600 and I am anticipating it will be around 11,000 by march 13th. If I do end up being 4,000 miles below my allotted amount I was wondering if the cars value might be higher than the current buy out price on my car.

    I also want to exit my contract was wondering if I might have positive equity on the car which would mean that I could sell it for greater than or equal to the current buyout price offered to me right now which is currently $35,504 (sorry for spelling that out) .

    I am having trouble calculating how they got this amount but this information could help. I know I could use swapalease too but i think the site has already been flooded with too many other posters but who knows.

    Not sure which to use
    Gross Cap Cost= $39,876
    Adj. Cap Cost = $38,876

    Total Lease Depreciation $13,245
    Rent Charge $2,554 or @ 10mnths = $709 or 11 months = $780

    I have paid for 10 months of my lease and my 11th payment is due tomorrow so I'm not sure if that has been added into the calculation. Do they factor in the michigan tax I'm paying or is it the base monthly pmt rate (shown below that is used) w base, 10mth =4380 or 11mnth 4845 or including tax 10 mnth $4,650 or 11mnth = $5,115.

    I leased a 2012 Lexus IS 250 AWD prem pkg. with the Navigation pkg which comes out to MSRP of $42,800. Its a lease of 36 months and 15k miles per year.
    -Paid $1510 for at signing - main costs were 1st month rent $465, Acquisition Fee $700, Doc fee $190

    My monthly payment ended up being $465 a month including taxes.

    MSRP=$42,800
    Adj. Cap Cost = $38,876
    Residual $25.630 -> is this aggressive?
    Depreciation= $13,245
    Rent Charges= $2,554
    Money Factor = .0011 or I believe an effective interest rate of 2.64%

    Total of Dep and Rent = $15,800 / 36 months = $438 per month +6% tax = $465 month
  • Looking at a 2013 Lexus IS250 with F Sport, with navigation.

    MSRP is at $41,249
    36 mo lease, 15,000 miles/year
    $3,000 down
    $495/mo payments

    Any thoughts on this lease or should I be aiming for something lower?
    This is down in Florida if that matters. Thanks a lot guys!
  • Hi,
    Do you know what the current top credit lease factors are please?

    Separately, can you negotiate for part of the dealer incentive?

    thanks,
  • aongaong Posts: 10
    edited February 2013
    Hi Carman,

    Can you please provide the money factor and residual value for 2013 IS 250 RWD, 36 months, both 12k and 15k miles? Are there any incentives for this model?

    Thank you.
  • 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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  • 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
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    Prices Paid: Buying & Leasing Experiences Forum
  • aongaong Posts: 10
    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: 10
    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
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    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.