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2014 Lexus ES 350 Lease Questions

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Comments

  • bliss155bliss155 Posts: 6

    Hello...Here's my offer for a ES350, sticker 44,993.00, selling price: 41,341.00 plus tint = 399.00. (Arizona...must have tint, lots of tint) so: $41740.00

    36/12K @ .00105 (which I know is high). I believe that should be .00075.

    $1919 + $500 rebate down = $2419.00. Residual of $26,995.80.

    Payment of $519.28...what do you think?? I asked about the MSD and they said they don't that...???

    For every $1000 I add to the out of pocket money down, the payment goes down about $30/month. I also asked about 15K miles and the payment when up $25/month.
    Please let me know what you think. And thank you in advance, I have lived on this website for the past 2 weeks. Also looking at BMW 5 series, Audi A6.

  • MichaellMichaell ColoradoPosts: 114,074

    @bliss155 said:
    Hello...Here's my offer for a ES350, sticker 44,993.00, selling price: 41,341.00 plus tint = 399.00. (Arizona...must have tint, lots of tint) so: $41740.00

    36/12K @ .00105 (which I know is high). I believe that should be .00075.

    $1919 + $500 rebate down = $2419.00. Residual of $26,995.80.

    Payment of $519.28...what do you think?? I asked about the MSD and they said they don't that...???

    For every $1000 I add to the out of pocket money down, the payment goes down about $30/month. I also asked about 15K miles and the payment when up $25/month.
    Please let me know what you think. And thank you in advance, I have lived on this website for the past 2 weeks. Also looking at BMW 5 series, Audi A6.

    The residual of 60% is correct and the base MF is in fact .00075 as you've noted.

    Plugging in your numbers with the .00105 MF I get a pre-tax payment of $481.73. If I reduce the MF to .00075, the payment drops to $461.11.

    Your assumptions about money down and miles per year are correct ... however, it's not a good idea to put money down on a lease, as if the car is stolen or totaled, you are out that money. Going to 15K per year decreases the residual by 2%.

    I'm not sure if a dealer has the right to refuse MSD - have you contacted a different dealer and see what they say?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • geoguy99geoguy99 Posts: 10

    @[email protected] said:
    We'll need the selling price. The base MF for tier 1 is .00075, so it looks like the dealer is marking it up a bit for some extra profit. Also, there is $500 lease cash available for the ES350.

    MSRP = $44,407, SP = $41,87234, $1000 out of pocket (+$500 dealer cash) covering Cap Red = $567, $412 title & fees, and $512 first month payment.
    Good Deal???

  • MichaellMichaell ColoradoPosts: 114,074

    @geoguy99 said:
    MSRP = $44,407, SP = $41,87234, $1000 out of pocket (+$500 dealer cash) covering Cap Red = $567, $412 title & fees, and $512 first month payment. Good Deal???

    Using your MSRP and selling price (should that be $41,872.34?) with the MF of .00075 and residual of 60% I get a pre-tax payment of 474.39. Add 8% sales tax and I get $512.34

    If you're comfortable with the selling price, it looks good from here.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Looking for MF and residual ES350 with 12k miles/yr. 24/27/36 mo terms if possible. Thanks!

  • MichaellMichaell ColoradoPosts: 114,074

    @saabguy914 said:
    Looking for MF and residual ES350 with 12k miles/yr. 24/27/36 mo terms if possible. Thanks!

    Residual 70/68/60

    MF is .00075

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks for the quick response! Hopefully one of these deals will soon work out!

  • bliss155bliss155 Posts: 6

    Hello....Thank You for your response, took your advise and reached out to another dealer with the MSD question. He sent us this deal...

    MSRP $44993.00

    Selling $41290.00

    rebate $500

    9 MSDs + fees $6322.98 ($4500.00 + $1822.98)

    aftermarket: $499 (tint?) $100 higher than other guy?

    MF/APR 0.000030 (this started at the 0.000750 B4 the MSD's)

    Residual: $26,995.80

    Payment: $445.84

    And a bit more the the 36/15 of course. $6547.98 MSD and $472.80 payment.

    What do you think?
    Thanks!!

  • MichaellMichaell ColoradoPosts: 114,074

    @bliss155 said:

    Hello....Thank You for your response, took your advise and reached out to another dealer with the MSD question. He sent us this deal...

    MSRP $44993.00

    Selling $41290.00

    rebate $500

    9 MSDs + fees $6322.98 ($4500.00 + $1822.98)

    aftermarket: $499 (tint?) $100 higher than other guy?

    MF/APR 0.000030 (this started at the 0.000750 B4 the MSD's)

    Residual: $26,995.80

    Payment: $445.84

    And a bit more the the 36/15 of course. $6547.98 MSD and $472.80 payment.

    What do you think?
    Thanks!!

    Again, plugging in your new numbers (MSRP, selling price and adjusted MF) with a 60% residual, I get a pre-tax payment of $399.11. The tax rate would have to be higher than 10% to get to a payment of $445.84.

    Unless I'm calculating the net cap cost wrong by not adding in the tint.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bliss155bliss155 Posts: 6

    Again, I thank you! I will check that out.

  • gus2014gus2014 Posts: 3

    Does Lexus offer a 20k MPY lease? If so what would the MF and residual be for a 36 month?

  • MichaellMichaell ColoradoPosts: 114,074

    @gus2014 said:
    Does Lexus offer a 20k MPY lease? If so what would the MF and residual be for a 36 month?

    Sort of .. any miles over 15K are deducted at the rate of .20 per mile. And, 20K is the maximum Lexus Financial will write a lease for.

    So, instead of a percentage, you take the 15K residual value and deduct from it.

    ES350 residual for 36/15 is 58% and the base MF is .00075.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gus2014gus2014 Posts: 3

    Thanks for the info. By my calculations that puts the residual at about 56%. Do you know what a typical price over invoice is for Lexus these days? I know in the early years it was hard to get much of a discount at all. Not sure where they are these days.

  • craigazcraigaz Posts: 1

    Re: Wineman123's post Jan 5/14 - 2014 ES 300h MSRP $46,763, Gross capital cost $41,200.
    If we were to buy rather than lease from that Fresno dealer, is $41,200 what we should expect to pay? $5,563 seems like a pretty good discount off MSRP. Any problems buying across state lines - we're in AZ. Thanks.

  • MichaellMichaell ColoradoPosts: 114,074

    @gus2014 said:
    Thanks for the info. By my calculations that puts the residual at about 56%. Do you know what a typical price over invoice is for Lexus these days? I know in the early years it was hard to get much of a discount at all. Not sure where they are these days.

    I'm not in the market, so I can't comment on what transaction prices should be.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gus2014gus2014 Posts: 3

    Does anyone know if the money factor or residuals has changed for May? I'm getting quoted 51% residual on a 36 month 20k per year lease and by my calculations from above it should be 56%.

  • MichaellMichaell ColoradoPosts: 114,074

    @gus2014 said:
    Does anyone know if the money factor or residuals has changed for May? I'm getting quoted 51% residual on a 36 month 20k per year lease and by my calculations from above it should be 56%.

    Don't know - the May numbers aren't in yet.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • liljaden11liljaden11 Posts: 19

    Can you please provide me with the MF & Residual for ES350?

  • MichaellMichaell ColoradoPosts: 114,074

    @liljaden11 said:
    Can you please provide me with the MF & Residual for ES350?

    Base residual for 15K is 58% this month .. but, for 20K miles, the residual is reduced by .20/mile, or $1000.

    MF is .00035

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • liljaden11liljaden11 Posts: 19

    Thank you

  • odessit2odessit2 Posts: 14

    Hello, all. What is the current residual and money factor for the ES300h. I'd like 24, 27, 36, 39 month values with 15K miles/year. Thank you!

  • kyfdxkyfdx Everywhere, USAPosts: 122,989

    @odessit2 said:
    Hello, all. What is the current residual and money factor for the ES300h. I'd like 24, 27, 36, 39 month values with 15K miles/year. Thank you!

    .00075 MF and 68/66/58/55% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • qkslvrqkslvr Posts: 34
    What is the residual and money factor on 27 month es 350 12k miles per year?
  • MichaellMichaell ColoradoPosts: 114,074

    @qkslvr said:
    What is the residual and money factor on 27 month es 350 12k miles per year?

    .00075 and 68%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kitty1709kitty1709 Posts: 2

    Hi everyone. Does anyone knows price / best deal for lease 2014 Es350 with ultra luxury package, blind spot, pcs, etc? Please help! Thanks

  • MichaellMichaell ColoradoPosts: 114,074

    @kitty1709 said:
    Hi everyone. Does anyone knows price / best deal for lease 2014 Es350 with ultra luxury package, blind spot, pcs, etc? Please help! Thanks

    I can't comment on the expected selling price, as I'm not in the market.

    What lease term and miles per year are you looking for? We can provide the base money factor and residual with that information.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • raj2014raj2014 Posts: 19

    Can you please provide June MF and RV for ES350 on 27/36 w/ 7.5K miles?

    Thanks

  • MichaellMichaell ColoradoPosts: 114,074

    @raj2014 said:
    Can you please provide June MF and RV for ES350 on 27/36 w/ 7.5K miles?

    Thanks

    27/7.5 - 70%

    36/7.5 - 62%

    .00035 MF and $500 lease cash.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • raj2014raj2014 Posts: 19

    @Michaell,

    Thanks for all your help.

  • makusamamakusama Posts: 1

    i'm a noob at leasing and the wife wants to lease 2014 ES350. I have a lease return of 2011 IS250 due at November and will trade it in. Can anyone give me pointers on how to negotiate for a better dean than what's offered now from Lexus ? Lexus has $349.00 /24 Mo/ 3K due. I will want to got the dealer next week to work out a deal. I'm in CA.. most likely will goto Longo Lexus.

This discussion has been closed.