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Lexus LS 460 Lease Questions

patpat Posts: 10,421
Interested in leasing a new LS 460? Ask your questions here.
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Comments

  • mbonusmbonus Posts: 15
    If you can even get your hands on one...

    What is the lease program for November? What are the numbers for 24mth 15K/Yr and 36mth 15K/yr with tier 1 credit.

    Thanks.
  • Lexus' December to Remember" sales event started on November 14th. Through this program, its buy rate lease money factor for the 2007 LS 460 is .00265 for consumers who qualify for its Tier 1+ credit tier. Make sure that this is the factor that is used to calculate your car's monthly payment.

    Car_man
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  • mbonusmbonus Posts: 15
    Thanks Car_Man,

    Do you know what the residuals should be for 15K mile 36mth and 48mth leases respectively? Would the residual get a 1% bump for 12K miles?

    Thanks,

    Mike
  • No problem, Mike. Unfortunately, Lexus is not currently providing lease support on the 2007 LS 460. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. LFS' buy rate standard lease money factor varies slightly by region, but it is currently around .00275 for consumers who qualify for its top credit tier. LFS' current 36 month, 15,000 mile per year residual value for a base 2007 LS 460 is 56%. The residual for an otherwise identical 48 month lease is 46%. The residual values for leases with only 12,000 miles per year would be 2% higher.

    Car_man
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  • I went to a dealer today that quoted me 55% residual on a 36 month lease, and 45% on a 48 month lease. the money factor quoted was .00345. These numbers are different from those car_man mentioned in January 17 post. Is this dealer lying to me? Also, I have read on these forums that often lease companies can give better residuals and financing than the dealer. Where would I find a reputable lease company and is the dealer required to let me use outside financing? Thanks for any insight.
  • Hello socalcar1. The money factor that you were quoted is too high. Lexus' standard lease money factor varies by region, but is is currently around .00275 or so for consumers who qualify for its "Tier 1+" credit tier. Chances are that the dealer you are working with is trying to mark your car's money factor up to add additional back-end profit to your deal. There should be tons of Lexus dealers in the Southern California area. It would be in your best interest to comparison shop with a few dealers to see what sort of money factor others quote you. You can arrange outside financing for your Lexus on your own, but I haven't heard about any consumers who were able to find an independent bank that had better deals than Lexus Financial Services recently.

    Car_man
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  • Car_Man:

    Thanks for the quick response. I really appreciate it as I am close to purchasing this car. Today I went to another dealer who quoted me .00295 but I'll keep looking until I find the .00275. Two follow up quick questions. Today's dealer offered me 1000 below msrp, while the previous deal was at msrp. But they also included a $600 Bank Fee in the cap cost. Is it necessary to pay Lexus Financial this bank fee, and is $1000 off MSRP really the best I'm going to do on an LS460? Thanks!

    socalcar1
  • Try Interstate Auto Leasing out of Houston, they are nationwide.
  • Carman 77471 your advice was great. I called Interstate and they were able to find a dealer in Southern CA that gave me the best deal I could find. I even spoke to another broker well plugged in to Lexus dealers that said he couldn't get the same price from that same CA dealer. Interstate is less than one year old but the owners of the business take the calls and they're basically middlemen. You still do the ultimate deal with the dealership so there is no risk. Thanks for the recommendation.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome, socalcar1. Lexus Financial Services charges an acquisition fee of $600 on every vehicle that it leases. Individual dealers do not have the authority to waive this charge. Try stopping by the following discussion for feedback on how much you can expect to pay for this car right now: "Lexus LS 460: Prices Paid & Buying Experiences".

    Car_man
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  • roman7roman7 Posts: 15
    Hi CarMan!
    What's a money factor and residual for Lexus LS 460L 2007 in April (12K a year for 36 month) for Tier 1 customers?
    Thank you very much!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go, roman7. Lexus is not currently providing any lease support on the 2007 LS 460L. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. I believe that its buy rate standard lease money factor varies slightly by region, but it should be around .00275 for consumers who qualify for its "Tier 1+" credit tier and .00010 higher than that for "Tier 1." This car's current 36 month, 12,000 mile per year residual value is 53% without the Executive Package or Pre-Collision.

    Car_man
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  • hmthmt Posts: 1
    Hello Carman, I am new to this forum and top leasing. I am interested in a LS460, but need about 20k miles per year. What are the keys figures I need to know when speaking to the dealer? I understand residual value, but what is the .00275 you mention in your answers? Thansk for any help
  • My lease is ending for my LS430 and while reviewing my lease documents I noticed an expense on the lease for a rental payment of 8309.28. What is this fee? When I ran the numbers in the lease calculator I didn't see anyhting that spoke to a rental fee. I live in GA. (Gwinnett County)
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,851
    The rental fee (or more commonly referred to as the rent charge) is the finance portion of the lease payment. Depreciation and finance, plus taxes, make up the lease payment.

    It it had been a loan, that would have been the total interest paid.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • Can you provide the lease rate factor and residual value on a 48 month lease w/12K miles? I'm in the Atlanta, GA area.
  • Car_Man,

    I am looking to lease a Lexus LS 460L and wanted to find out the lease rate/money factor and residual in Southern California(Orange County) for the month of July 2007? Is the residual % taken from the "agreed upon price" or other?

    Also, if I extend my search into August and/or September, where I can find this information on the web?

    Thank you

    BennyHoppy
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi travelingtom90. Lexus just enhanced its lease program last week. Its new buy rate lease money factor and residual value for a 48 month lease of a base 2007 LS 460 with 12,000 miles per year are .00265 and 44%, respectively for consumers who qualify for its Tier 1+ credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello BennyHoppy. Lexus just enhanced its money factor for this car slightly last week. I have not seen its specific lease program for your area, but in the areas that I have seen, Lexus Financial Services' current buy rate for a 36 month lease of an '07 LS 460L without the Executive or Pre-Collision Packages with 15,000 miles per year are .00265 and 49%, respectively for consumers who qualify for its Tier 1+ credit tier. Vehicles' residual values are based upon a percentage of their full MSRPs, including destination.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Everyone!

    I read these boards often and want thank everyone for their contributions. There is a lot of great information, opinions and advice (ie. MSD's, etc.). With that said I would like to know if anyone knows the current residual value and MF for a 2008 LS460 (12K/Miles per year & Tier 1 Credit)?

    Thanks in advance!
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