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2013 and earlier Lexus ES 350 Lease Questions

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Comments

  • Hey guys,

    Just wanted to get your opinion of this deal:
    Leasing a 2012 Lexus ES 350, with Nav and a spoiler, 12k miles a year, FICO score in the 650s. $6,000 down (including drive-off), $360 a month (including tax) for 36 months.

    Good deal?
  • tank33tank33 Posts: 1
    one week ago i turned in my es350 2011 with nav only about half way through my lease. 17 months, but only 7800 miles on it. they were happy to get mine for their used car lot. i worked them on a 2012 es350 with nav until i ended up only giving them $600 and a leave payment of $501 a month. this was at keyes lexus in van nuys, calif. i dont think i could have done much better.
  • manu99manu99 Posts: 18
    edited July 2012
    Dear car Man,
    I need your opinion
    I have an offer in socal 2012 lexus es350 36 month 36k miles

    msrp $36,725
    with navigation and other add-ons $42,202
    negotiated price $35,715
    residual value 57% 24,055.14
    $1000 down includes 1st pymnt tax and license and other b.s fees
    $440 incl tax/month

    I am returning 2009 es350 with one pymnt left $430 plus 2500 miles over they will take care of both of them.

    Thank you.

    is this a good deal
  • greenacuragreenacura Posts: 42
    OK, I read these columns every car purchase and I got a deal that seems good but I don't have all the details ( money factor, etc... to post)

    2012 ES 350 with navigation
    list: 42,202
    $2295 down
    15k, 36 months
    $450 per month
    Trading in 2009 Nissan Maxima (1 payment remaining at $491, buyout 21,783) Dealer in trading in my Maxima so I don't have to turn in & pay disposition fee to Nissan. $2291 includes, 1st payment of $450, fees, DMV's plus some cash to cover the negative equity of about $700).

    Thoughts?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    That is one heck of a large discount you negotiated, manu99. so the selling price aspect of this deal certainly looks good. Just make sure that the dealer uses Lexus Financial Services' current buy rate lease money factor of .00060 (for Tier 1+ customers) to calculate your payment and you're in business.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • manu99manu99 Posts: 18
    I got the car yesterday. It is thru Lexus Financial with .00060 MF

    Thank you

    Car_man
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome manu99.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • thepostmanthepostman Posts: 49
    Where did u purchase from?
  • thepostmanthepostman Posts: 49
    Hi Car_Man,

    What is the July residual for the ES 350? Does it vary by region?

    Looking to lease this month on a 36mo/12k.

    Thanks
  • pvleckpvleck Posts: 4
    Hey manu99,

    Where in socal did you get that great deal on an ES350?
  • manu99manu99 Posts: 18
    i got it from keyes van nuys also i got a better deal from lexus valencia but it
    was couple of hours too late.

    here is the valencia offer:

    Hi jack,

    There's a couple of rewards that are currently good through July 19th (we will not know until the 20th if Lexus will carry them over through July) that we can get you out of your current lease today and into a new ES350 with navigation 36 months/12,000 miles per year $500 total driveoff for the same monthly payment $426/month.

    Here's the breakdown:

    2012 LEXUS ES350 4DR SDN

    Lease Deal

    Our List Price
    42,202.00

    Discount Savings
    -4,215.00

    Vehicle Selling Price
    37,987.00

    Document Prep Fee
    80.00

    License / Title
    347.00

    Tire / Battery / VTR Fee
    8.75

    Bank Fee
    700.00

    Tax on Collected Items
    218.21

    Total Cap
    39,340.96

    Down/Cash Cap Reduction
    -73.84

    Rebate Savings
    -2,420.00

    Net Cap
    36,847.12

    Base Payment
    391.87

    Monthly Tax
    34.29

    36 Month Payment
    426.16

    Down/Cash Cap Reduction
    73.84

    1st Payment
    426.16

    Due On Delivery
    500.00

    Rate
    0.0006

    Annual Miles
    12,000

    Residual % [42,202]
    55+2=57%

    Residual Amount
    24,055.14

    Tax: 8.75% TAX
    8.75 %

    LEXUS OF VALENCIA, WHERE IT'S FUN TO BUY A CAR!
  • manu99manu99 Posts: 18
    keyes van nuys
  • pvleckpvleck Posts: 4
    Many thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi thepostman. According to the latest information that I have seen, Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 ES 350 with 12,000 miles per year are .00060 and 56%, respectively for consumers who qualify for its top aka Tier 1+ credit tier. I don't believe that this model's program currently varies by region.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • I was going to buy one in july but I missed out on one...I will wait to see what the August incentives are.
  • manu99manu99 Posts: 18
    Better hurry up, they are coming out with the new model
    in couple of weeks.
  • pvleckpvleck Posts: 4
    Anyone know anything about pricing/leasing for the new 2013 ES?
  • Hi carman,

    Any August lease numbers yet for 2012 ES 350?

    Thanks
  • sjeedsjeed Posts: 41
    Car_Man: Can you please post the current Lease numbers for the 2013 ES300H & ES350 (money factor, residuals for 10K, 12K & 15K, and Acquisition Fee). Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pvleck. Edmunds has the pricing data for the 2013 ES 350. Here's a link:

    http://www.edmunds.com/lexus/es-350/2013/options.html?sub=sedan

    I haven't seen any advertised lease payments on the '13 model yet, but I can tell you that its buy rate lease money factor is currently .00180 for Tier 1+ customers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly postman. Lexus Financial Services' August buy rate lease money factor and residual value for a 36-month lease of a 2012 ES 350 with 15,000 miles per year are .00060 and 54%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sjeed. I haven't seen all of the numbers for the new 2013 models yet. I'll ask around and see what I can find out for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks car man

    One more question....what would the residual be @ 10k and 12k per year?

    Thanks
  • pvleckpvleck Posts: 4
    The 2013 buy rate lease money factor of .00180 sounds like THREE TIMES the 2012 buy rate lease money factor of .00060. Is that correct?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome thepostman. The residual value for a lease with 12,000 miles per year would be 2% higher than its residual value for a lease with 15,000 miles per year. The residual value for a 10k lease would be 3% higher than the 15k.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes that is indeed correct, pvleck. Lexus is focusing on clearing out the remaining 2012 models before it worries about the 2013s.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • sjeedsjeed Posts: 41
    Hi Car_man: Thanks for the money factor; doesn't surprise me since this is about what it was before the clearing out of prior year models, except the residuals were slightly higher, too. Any update on what the residuals are for the 2013 ES300h? Thank you again!
  • rapman1rapman1 Posts: 3
    I am looking at a loaded Lexus (MSRP $43,702, but have not started negotiating yet!). I asked dealer for lease rate on MSRP as a reference. He came back with $6000 down for my trade in, applied to taxes, tags, dealer fees and lien. He is offering a 36 month lease with 12,000 miles/year of $587/mo. I don't know what the residual is.
    Is this a good deal? How aggressive can I negotiate off the MSRP?
    Thanks to all from a newbie at leasing!
  • Negotiated '13 ES ($43702 MSRP) for $42,000 at NJ dealer. Taking delivery tomorrow. White/black. Very excited.
  • rapman1rapman1 Posts: 3
    Can you tell me where in NJ? I would drive an hour for $1762!!
This discussion has been closed.