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2013 and earlier Lexus ES 350 Lease Questions

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Comments

  • snowman22snowman22 Posts: 109
    Hmmmmmm --- your numbers fly in the face of reality. MSRP is way off base for what you quote. Monthly--yea--ok---but I'm thinking you made a typo on the MSRP. Should be at least $48K.
    Only a thought. :confuse: ">
  • snowman22snowman22 Posts: 109
    It seems I was off base with my last post. After checking things out your spot on with your figures. Sorry for the haphazard ---wrong thought--- :cry:
  • insidecarbuyinsidecarbuy NYCPosts: 95
    Its possible for me to make mistakes in life because I'm only human. But when it comes to car shopping, not very likely - :)
  • ged3584ged3584 Posts: 27
    What is the cap cost?
    Not stated in the list, Is it the full MSRP?
  • insidecarbuyinsidecarbuy NYCPosts: 95
    Selling price was $39,493.
  • alram1alram1 Posts: 2
    What discount to MSRP can I get on a 2013 ES 350? Base $43,003 + extras $6633 + delivery, process & handling $895 = $43,898. What is the MF and residual?
    Thanks
  • alram1alram1 Posts: 2
    More info .... What would be the MF and residual -- 36 months/12K miles? 24 months/12K miles. 2013 ES 350
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi alram1. Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 ES 350 with 12,000 miles per year are .00075 and 60% respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 24-month lease are .00075 and 70%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • vinayg1vinayg1 Posts: 28
    Hi,

    What would be the MF & Residual for 2013 ES 350 for 24-27 month lease and 10K miles/yr? And 36 months for 10K?

    Do they have advertised deals with no Cap Reduction, or is strictly based on the what the dealer is offering? Is it likely to improve near July 4? I understand that no one can be sure, but what is historical trend?

    TIA
  • gmanusmcgmanusmc SoCalPosts: 436
    edited June 2013
    In the post previous to yours, Carman provides the info you request for the 24 & 36 month leases - 27 month would not be much different than the 24 but not sure of the exact info.

    Oops - just noticed his info is for 12k miles - I think the residual goes up 1% for 10k.
  • gb350gb350 Posts: 14
    Hi Car_Man,

    I'm looking for the June numbers for leasing an ES300h, 36 month term with both 15k and 18k a year.

    Is there any benefit, to wait till July 4th?

    Thanks,
  • gmanusmcgmanusmc SoCalPosts: 436
    For those looking to lease a 350, between the reduced money factor and the $500 bonus lease cash, your payment will be $28-$35 less this month than in May (provided you negotiate the same selling price).
  • kainnyckainnyc Posts: 76
    Sorry was a little ruff! The MF WAS BAD that's why it looked like a rip! Bc at .00077 it would be 26 less and at .00050 it would be 50$ less! Personally I would bounce unless the MF went lower!
  • gmanusmcgmanusmc SoCalPosts: 436
    Could you explain? This is almost 3 months after the original post.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi vinayg1. Lexus Financial Services' June buy rate lease money factor and residual value for a 24-month lease of a 2013 ES 350 with 10,000 miles per year are .00075 and 71% for consumers who qualify for its Tier 1+ credit tier.

    The numbers for an otherwise identical 36-month lease are .00075 and 61%.

    Lexus is providing a $500 cash incentive on leases of this car right now.

    Lexus may not be advertising leases with nothing down, but as a consumer you are free to lease any vehicle that you want without making any sort of capitalized cost reduction. In fact, it is in your best interest not to put any money down when leasing.

    If I recall correctly, last year Lexus' lease program actually became slightly worse from June to July.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gb350. Lexus is not currently providing any lease support on the 2013 ES300h. Lexus Financial Services' June buy rate lease money factor and residual value for a 36-month lease of this car with 15,000 miles per year are .00170 and 58% for consumers who qualify for its Tier 1+ credit tier.

    If you need to drive more than 15,000 miles per year, you will probably 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 lease-end and have to pay an excess mileage penalty.

    Lexus current lease program for this model is scheduled to run through July 8th. There probably would be some benefit to waiting until the end of the month to get a new car because that typically is the time that dealers are willing to cut the best deals, but I wouldn't wait until after the current program expires. I wouldn't be surprised if the July lease program for this model was worse. Of course, there's no way to say for certain what will happen.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • akapl2yakapl2y Posts: 1
    Can you provide me with the money factor and residual for a 48 month lease with 12,000 miles per year. Also, can you confirm the $500 incentive is valid towards a lease?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi akapl2y. Through July 8th, Lexus Financial Services' buy rate lease money factor and residual value for a 48-month lease of a 2013 ES 350 with 12,000 miles per year are .00075 and 49% for consumers who qualify for its top aka Tier 1+ credit tier.

    There is indeed a $500 cash incentive on leases of this car right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • sahsan43sahsan43 Posts: 1
    edited July 2013
    we are interested in leasing a 2013 Lexus ES350 with 12000 miles/yr for 36 months. We have selected the luxury package (Navigation, blind spot monitoring, FWD, lip spoiler)

    The dealer has offered to lease us the car for $750 down and $475 per month. We have very good credit.

    Is this a good deal?

    Thanks in advance!
  • snowman22snowman22 Posts: 109
    Even with the money factors I can never figure out what a good price is. Is it best with a factory lease special? Our area has a $3499 down plus all tax and fee's and 10,000 a year for $349 for 27 months. Is your money factor deal better. Could car man shed some light on what the better deal would be. Some other area's have less down and 12k for 36 months for close to the same monthly---why the disparity. Thank you for any help.
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