Looking to lease IS250

dreat954dreat954 Member Posts: 2
edited February 2014 in Lexus

Hello,
I am currently in a lease with another model vehicle but I am interested when the lease is over in October to switch to the IS250. I live in Fort Lauderdale and was wondering if you can provide me with some helpful tips and things to consider for the new lease. I know I still have some time until October but wanted to be proactive and start to get my research going.

Thanks in advance for your assistance.

Comments

  • kyfdxkyfdx Moderator Posts: 197,544

    If you are already familiar with the ins and outs of leasing, there is really nothing to do until August or September.... At that point, you'd want to start watching the money factors and residuals, and also see if there are any good deals on the outgoing 2014 models.

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  • dreat954dreat954 Member Posts: 2

    Hello and thanks for the comment. However, I have been reading up a lot but what is this money factor and residual info? One point I did get is the less or no down payment the better. I would like clarification on other stuff that I should familarize myself for October.

  • kyfdxkyfdx Moderator Posts: 197,544

    Okay.. I think we can keep you busy for a few months.. ;)

    Check out the leasing articles on Edmunds, here:

    http://www.edmunds.com/car-leasing/sitemap.html

    Money factors are used to calculate the finance portion of a lease.. .sort of like an APR, but different. Residual percentages are what the car is worth at the end of the lease (a percentage of MSRP), and is a number that is also necessary to calculate the lease payment.

    A low money factor, high residual, and the lowest selling price you can negotiate are what makes a low lease payment.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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