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2013 and earlier Lexus ES 350 Lease Questions

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  • 9210192101 Posts: 4
    Thanks for the reply,
    Its now 409/mo + tax w 2200 total drive off 10K/yr miles 36 mos. I don't have the breakdown but it includes all of the above and the 1st month, so guessing 1k cap cost. Same extras including nav.
    Thanks again
  • newcar76newcar76 Posts: 1
    that's a great deal. where did you get this deal? state and dealership. thanks!
  • 9210192101 Posts: 4
    Thanks,
    I did the deal at Park Place Lexus in Orange County (LA) CA. By the way, I turned in an 08 IS and there really is no comparison. This is a great car for the money.
  • In Ohio and seeking one of these great deals on ES350 w. Nav pkg aforementioned on this thread...36mos/15K miles...$1,000 down; plus TTL. My latest quote was $41,500 MSRP with only $1,000 off the sticker. Thanks in advance.
  • amg61amg61 Posts: 15
    Does anyone know the current money factor and residual rates for the 2010 ES 350 with 15K miles per year

    Thanks.
  • My 2007 ES350 Lease ends in May 10, I am considering purchasing it. What is the interest rate Lexus Financial is currently offering for lease end purchase?
  • 10sfan10sfan Posts: 136
    Cannot answer your question. However, I just purchased an Acura MDX from AFC via the dealer. Hope your purchase goes smoother... In retrospect, should have sent my money direct to AHF, but I wanted an extended warranty. This was only after the cost of certification became ridiculously expensive by their standards and dealership service charges. Accordingly, did not get the lower AHF company financing rate either,

    I plan on leasing a ES 350 to replace an aging Acura RL this spring, hence my interest in this forum.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi amg61. Here's the information that you're looking for. Lexus Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2010 ES 350 with 15,000 miles per year are .00200 and 56%, respectively.

    Car_man
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  • amg61amg61 Posts: 15
    Thanks Car_man. Now that it's a new month, I was wondering if you have the money factor and residual rates for May for a 36 month lease with 15k miles per year, and if there are any significant changes and/or lease incentives? Thanks.
  • shaker58shaker58 Posts: 120
    edited May 2010
    Thanks to this forum saved over 25.00 a month. Dealer tried to mark up the MF to .00240 on us.

    MSRP: $38300
    Sales Price: $34850
    Lease term: 36mos./12k
    Monthly payment: $491/mo
    Taxes & all fees In payment. 1000 cap cost reduction. Paid by lexus Prior leasee rebate
    Residual: 58
    Money factor: .00200
    Also took back our 2008 lexus back 6 months early
  • bashinbashin Posts: 26
    What dealer is that from? How much over invoice should I be expecting to get? I am trying to find a stripped down ES with just the heated/vent seats and the spare. Should it be any worse than $250 over invoice not including the $1000 returning lexus discount?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, amg61. Here's the May info. Lexus Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 ES 350 with 15,000 miles per year are .00200 and 56%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.

    The only cash incentive that is currently available on leases of this car is $1,000 owner loyalty cash.

    Car_man
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  • nbtynbty Posts: 21
    long island ny send me a pm and will give you dealer info
  • scottyascottya Posts: 4
    Just introduced to the site and the information is fantastic. New at the lease option but looking at going for it on this car. Wanting to get your feel for a couple of things 1) current gap between msrp and invoice 2) whether some of the above mentioned scenarios included money down and strategy on this. Thanks
  • scottyascottya Posts: 4
    is anyone aware of any manufacturer to dealer rebates in may?
  • 10sfan10sfan Posts: 136
    Hi Car Man, How much higher is the residual with a 12,000 mile cap? Any advice on the dollar amount over invoice this late in the model when negotiating the sale price to establish the final sale price/cap cost?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi scottya. Lexus is not providing any dealer cash on the 2010 ES 350 in May. The only cash incentive that is available on this car right now is $1,000 loyalty cash to current Lexus owners who lease or finance a new ES through Lexus Financial Services.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey 10sfan. LFS' adds 2% to its 15,000 mile per year residual values for leases with only 12,000 miles per year.

    If I was in the market for an ES in an area that has a decent level of competition right now, I personally would shoot for a selling price of around $500 over invoice and see what happens.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • 10sfan10sfan Posts: 136
    Thank you Car-man. Hopefully within the greater Chicago and Southern Wisconsin
    marketplace I can locate an ES 350 with the equipment desired and get to that target price.
  • scottyascottya Posts: 4
    Car_man, thank you for info! Wanted to confirm with you and the forum that thru my reading that the may residual rate on 36 mo 12k mileage should be 58% and the current may money factor is .00200. Thanks a ton.
  • charliern9charliern9 Posts: 22
    Hello folks,
    Have used this forum for my last couple of Lexus leases and always appreciate and respect the feedback that I've received. My current lease is up in about 3 months and I'm wondering if this is a good time to deal. Again I am in the Atlanta area. My current lease is at $500. and I'd like to stay in that range. I have never had to put any substancial amount down for my former leases so of course I'd hope to do the same this time also. Anyone with any recent deals in my area. I believe this year than ultra package is being offered and that's what I'd want. I can take or leave the NAV. any guidance would be most apreciated!
  • acura_tlacura_tl Posts: 38
    What are the current lease offers for 2010 ES-350? Does anyone have details about the residual value, money factor, etc?
    Thanks.
  • jmartelljmartell Posts: 7
    Hello all! I am also looking for leasing info on the ES350. Are there any areas of negotiation that Lexus typically works with customers on to get favorable lease payments? Is the Money Market Rate around .0019 and the residual value on a 36 month lease approximately 57%? Any help is appreciated!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, 10sfan.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, scottya. The numbers that you mentioned are correct.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Switching brands, acura_tl? Here's the information that you're interested in. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 EX 350 with 15,000 miles per year are .00200 and 56%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jmartell. Please see my previous post for the information that you're looking for.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jmartelljmartell Posts: 7
    36 month lease with zero down and 10,000 miles.

    IS 250 hard top: $478.60

    ES 350: $539.67

    Any thoughts?
  • acura_tlacura_tl Posts: 38
    Thanks Car_man.
    Yes, my lease on the acura tl is almost up. considering lexus this time. :-)

    Any news on when the 2011 models will be available?
  • mikeyt4mikeyt4 Posts: 5
    my 2008 lease papers do not have a "Money Factor" listed. What is it and how is it used in calculations?

    Has anyone created a spreadsheet on the lease terms from the data provided here by the forum users for the Lexus ES 350? I have pulled about a dozen data cases and have found this:

    Average sell price is 8.5% off of MSRP.
    Residual values running about 60% (of Sell Price).
    MF now down to about .002 (whatever MF is??)

    My 2008 lease papers did not say what Interest Rate was used in calculating the monthly payments, nor has anyone reported it here. It looks to me (by back calculating the Rate from the given data) that it is far higher than it should be. I would expect around 4% in this economy. Is that reasonable?

    One last question. My lease expires 12/26/2010. My 2008 ES 350 probably will have a street value then quite a bit over the $22,000 Residual Value shown in the lease agreement. How can I use this to my advantage when negotiating a new lease?
This discussion has been closed.