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Do I have a good lease deal? 2014 Lexus ES 350.

lexy33lexy33 Member Posts: 2
edited March 2014 in Lexus

I currently have a 2007 Lexus ES 350 Base model chrome wheels, still owe 8200. The dealer is willing to take my trade for a New lease 2014 Es 350 Base model, for 27 months at 350 a month 12k miles a year, don't know the residual value yet? Is this a good deal or should I pass??

Answers

  • MichaellMichaell Moderator Posts: 241,133

    @lexy33 said:
    I currently have a 2007 Lexus ES 350 Base model chrome wheels, still owe 8200. The dealer is willing to take my trade for a New lease 2014 Es 350 Base model, for 27 months at 350 a month 12k miles a year, don't know the residual value yet? Is this a good deal or should I pass??

    Sorry for not seeing this post earlier. How much is the dealer offering you as trade value? That can certainly affect the lease numbers.

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  • lexy33lexy33 Member Posts: 2

    10,000

  • tiger1873tiger1873 Member Posts: 2

    On the surface it sounds okay. To make sure you are not taken by the dealer. get all the details about the lease from them.

    You want to know the following

    purchase price
    Money Factor (was .00072) with excellent credit
    Miles.
    Residual Price (i believe this is 60%) but that is set by Lexus and the area you live in.

    Then get the lease price with no money down as well as with your trade. Sometimes bigger down lowers your interest cost.

    I have found salesman may not like giving you all this info but it's what you need to determine if you actaully getting a good deal. If you can get those figures you can then plug them into a lease calulator and figure out what makes the most sense.

  • sohnsohn Member Posts: 1
    edited August 2014
    Is this a good lease deal? 2014 ES 350 with the premium package $43,767 selling price, adding taxes the bal due is $48,238.84, $1500 down, $390/mo 27 month lease?
  • coz12coz12 Member Posts: 1
    Hi. Can you please provide current RV and MF for 2014 ES 350 24 month lease 10k mikes in state of GA. MSRP is 41000 and Selling price in 37000. Since GA requires tax to be paid up front for entire value, am I better off with a 36 mo lease. What should I pay monthly including tax and dealer fees.
  • kyfdxkyfdx Moderator Posts: 236,920

    @coz12 said:
    Hi. Can you please provide current RV and MF for 2014 ES 350 24 month lease 10k mikes in state of GA. MSRP is 41000 and Selling price in 37000. Since GA requires tax to be paid up front for entire value, am I better off with a 36 mo lease. What should I pay monthly including tax and dealer fees.

    .00075 MF and 70% residual. $1000 lease cash and complimentary 1st payment.

    Yeah.. that GA lease tax is a killer. You probably will be better off with a longer term. At least, take advantage of the 27 month term... 68% residual.

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  • lw1980lw1980 Member Posts: 4
    What is the best deal a south florida dealer can do on a 2014 Lexus ES350.
    42K sticker price
    48 month lease
    7K upside down from previous car.
    nothing down.
  • lw1980lw1980 Member Posts: 4
    Just looking for an honest opinion / reference to go off of.
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