Looking for opinions/help on my 2014 ES350 lease agreement

chrismgiroux

Just came back from Dealership with my Lease Agreement and wanted to find out if everything looks legit. Agreed upon price is $44,900 and $500 lease cash with $3000 down. Here are the rest of the numbers for this 2014 ES350 with Ultra Luxury and Mark Levinson system and a few other options. I had asked about money factor and residual and whether they were the current .00075 and ~61% and he said sounded correct, but it is whatever the current Lexus numbers are for Tier 1 credit (which I am). These numbers dont seem to jive with what I was told. Can someone shed some light on this?

27 months/10k per year
MSRP: $47,978
Gross Cap Cost: $45,795
Cap Cost Red: $2603.42
Adjusted Cap Cost: $43,191.58
Residual: $33,104.82 (seems high to me)
Depreciation amount: $10,086.76
Rent Charge: $2,781 (.0013 seems high)
Total Base payments: $12,876.76
Base Payment: $476.58

kyfdx

The residual is correct at 69% (which is high, but high residuals make for low payments, so that's good). On the other end of it, the base MF is .00055, so that's a pretty big markup to .00130. Using .00130 as the money factor, I get a payment within $4/mo. of what they have quoted. I think they actually used .00135, which gives me the payment exactly.

That money factor markup adds about $60/mo. to the payment...

floyd69

Sounds great to me. I am paying almost 100 bucks more each month and I have a 36 month lease. I also have tier 1 credit and put down 3000 w/ 500 additional Lexus cash.
I might bring you on my next lease deal;)