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2013 and earlier Lexus ES 350 Lease Questions

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  • I was in southern CA recently and saw an ad for an ES 350 lease for $379 for 36 mos. I couldn't read the fine print; no surprise. Is there a place on the Lexus web site that lists the current special offers? Other manufacturers do this, but Lexus seems to be coy about this. Also, I don't believe you can check Lexus inventory and pricing on line (on Cars.com).
  • scoot84scoot84 Posts: 21
    Hi Junior,

    Just as an FYI, I picked up my wifes new ES 350 last Saturday from Lexus of Englewood. I got the car at roughly $1800 under invoice. I was negotiating between Englewood, Warnock and Bridgewater. My deal is 3 yrs / 36k miles per yr at $425 per month with only inceptions of $1599 due at signing. With the 09's coming any day I think you can get the car under invoice if you work it. I was very happy with the deal I made, but I had to work pretty hard to go back and forth between them.
  • I took the ES 350 on 08/26/08 w/navigation, NJ and NY Metro same price
    $1300 down( bank fee, first payment, etc...) and 506 per month.Included taxes-NY.
    Only one problem lack of inventory, they have only 1-2 colors in stock, or wait until middle of September
  • I leased 2008 ES350 from Van Nuys, CA yesterday. 8.25% sales tax area
    MSRP 40,305.
    Downpayment $926 (1st month lease included).
    Monthly $480 (35 months)
    Cap apprx $36,000 (sorry don't have paperwork in front of me)
    Residual apprx. $21,000
    Mileage allowance: 12K/per year (36 months lease)
    Plus two year service.

    My mistake was that I should have negotiated down to $460 per month - figure based on lease calculator.
  • Signing off on this chatroom. Was very close to buying the ES350, took a Mercedes Benz R350 (totally different creature...they call it "the hearse") for a ride and that was it. Beautiful car. I was sold...fits more with my lifestyle. Good luck to all in your purchases.
  • The salesman I bought my 08 from offered me an awesome lease deal but I decided to buy, if anyone wants his info email me at socal55chevrolet at yah oo .com I totally recommend him for service and pricing.
  • Scoot84,

    congrats on your deal!

    I am new to this forum and having trouble navigating here for some reason.
    I wanted to ask you, what was your MSRP price and did your downpayment of $1,599 include 1st month lease payment of $425?
    I wish I read your numbers before I leased my car. I did get very different figures from edmunds calculator which adds fees in vs. leaseguide calculator.

    Thanks
  • Here is the lease I am working on.

    ES350 w/ Nav an PP
    8.235% ny Taxes down plus fees so about $2500 total which includes first months payment.
    3 years, 12K Miles
    $480/month

    yay or nay?
  • I guess - no. Did you read my post? I gave $926 out of pocket plus $1,000 rebate as downpayment. If I knew that downpayment would be 1926 I would have offered 926 cash.
    What is PP? premium package? what is MSRP? Mine was 40,305 with 825 destination included. Has navigation as well.
    So try for 1,000 rebate as downpayment, no cash at all and perhaps 470-480$ per month for 35 months. Try it.
    Unfortunately noone replied to my post whether it was a reasonable and good deal.
  • Hi lbjunior. Manufacturers' captive finance companies do not provide information on their lease programs directly to the general public. Having said this, I can give you an idea of what this car's current residual values are like. Lexus Financial Services' current buy rate lease money factor and residual value for a 48 month lease of a 2008 ES 350 with 15,000 miles per year are .00095 and 40%, respectively for consumers who qualify for its Tier 1+ credit tier. 15,000 miles per year is the highest mileage allowance that LFS publishes residual values for. If you need more miles than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi genesis6. Unfortunately, Lexus does not provide advertised lease payments on its web site. The closest it comes to this is a buried statement on the ES 350 page which says:

    "Special Lease & APR Offers

    Now through September 30th, returning customers may qualify for our Customer Appreciation Award program. For details, see your Lexus dealer."

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • There is a possibility that money factor and residual changed after 09.03.
    I was quoted 51% and .000995 for 36 month 12k lease for 2008 model. Is it a right or wrong?
    Dealer in NY offered to sell the car for an invoice price $37680.00
    with PPP,heat. & vent. seats,swivel lights, bluetooth, NAV, wood trim,,mats, nets
    I can not get a $1000 rebate.How does it sound?
    And one more for a lease. If I want to pay taxes upfront, what amount should I calculate taxes from?
    Thanks to everyone who respond.
  • Hi ahsim. The .00095 money factor and 51% residual value that you were quoted for a 36 month lease of an '08 ES 350 are right in line with Lexus Financial Services' current lease program for this model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • What kind of lease or purchase deal do yout think I would get now for a Lexus 2008 ES350 in the MD/DC/VA Metro area? Or is the economy bad enough for them I could do just as well on a 2009? Also when contacting dealers by internet what do I say?
  • 10sfan10sfan Posts: 136
    Is this a good lease offer for an 2008 ES 350? MSRP $38,269, 48 months(10,000 mi per yr) @$399.00 month with $1,137.00 dwon which includes first month payment and acquisition fee and doc fees per year. WI tax is added at 5.5% to the monthly payment.
  • Hi 10sfan. Can you tell if this is an advertisement that is being run by an individual dealership or is it a manufacturer sponsored ad? I have found that savvy consumers who comparison shop are usually able to beat the selling prices that manufacturers' advertised lease payments are based upon, and in turn get slightly lower monthly payments. Use this deal as a baseline for your negotiations and try to beat it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 10sfan10sfan Posts: 136
    Car man, Thanks for your reply. It appears to be a dealership advertisement. Another dealer in the Chicago area ran a similar add for 36 months term with $2600 cap cost reduction. Apparently they are using a higer cap cost payment with a 36 month term and no cap cost payment with a 48 month term.
  • No problem, 10sfan.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • teasipteasip Posts: 16
    One topic that I haven't seen mentioned is the difference in cost between mileage allowances. The standard Lexus lease at my local dealer is 10K mi/year however I would like to know in general how much additional expense one incurs to bump it say to 12K or even 15K? Does the increased cost vary per manufacturer? Reason I ask is that my 15, soon to be 16 y/o daughter isn't interested in the red Civic Si sedan that I purchased last year with the intention of giving to her the first part of next year (3 year note with additional funds being put back each month to allow for pay off in 2 years). The problem is that this is a manual transmission vehicle and she argues that a new driver shouldn't have to focus on shifting and driving at this point (argument could go both ways). That being said she might end up with the wife's paid for '04 IS300. If that's the case then both mom and myself will be in the market for two new leases (two lease payments cheaper than car payment and lease payment) if I were to sell the Honda. Another IS for the wife and an ES for me most likely.
  • Hi car_man,

    Looking for the MF and residuals for 10kmiles/year on the 2008 es350 for 36 months. Thanks!
This discussion has been closed.