2014 Lexus CT 200h Lease Questions

basjensma

Hello Michaell,

What is the residual for 27 month/10k miles lease? Thank you.

Michaell

@basjensma said:
Hello Michaell,

What is the residual for 27 month/10k miles lease? Thank you.

Base MF is .00090; residual for 27/10 is 69%

david604

@Michaell said:
Are you giving the dealer the $1973? How is that being applied? Taxes, fees, what?

Cash reduction = 1,973 and rebate reduction of 327.91.
Total Cap reduction: 2,300.91

I believe this is being applied here as Total cap reduction:
2,300.91
Advance payment: 316.87
Doc fee $80
Ufront fees: 328.75
Upfront taxes: 246.47
Other upfront charges: 780.00
Initial payment: 3,973.00

So at least to me it seems a bit unclear how the 1973 is applied.

A 2K rebate takes the initial payment to 3,973.00 and my cash out of hand would be 1,973.

david604

@Michaell said:
Base MF is .00090; residual for 27/10 is 69%

So if I'm getting a residual of .71 that is even better correct?

david604

@julio91 said:
david604 What was the MSRP on that car?

MSRP = 35,029.

if by any chance you recently graduated from college you could show proof and get another $1000.00 rebate. totaling to 3,000 in rebates.

Does not apply me to, but thank you.

Something to think about Lexus does Multiple security deposits (Look it up) so up to 9 security deposits gets you a .0008 reduction on the money factor, also rounding your monthly payment to the nearest increments of $25. Could be saving money and you get you money back at the end of the lease. Let us know what happens but inquire for the Base rate (just make sure credit is above 720) they could work something out.

Really good to know, but I don't have that type of liquidity right now.
Thanks!

Michaell

@david604 said:
A 2K rebate takes the initial payment to 3,973.00 and my cash out of hand would be 1,973.

Looks to me like $316 is cap cost and the rest is going to fees and taxes. $2000 rebate is being used as cap cost reduction as well

Michaell

@david604 said:
So if I'm getting a residual of .71 that is even better correct?

Actually, the dealer can't modify the residual amount. You might want to confirm the this is an LFS lease.

david604

@Michaell said:
Actually, the dealer can't modify the residual amount. You might want to confirm the this is an LFS lease.

I'll double check, they also said they can make the MF .009.

Al said and done, good deal now?

Michaell

@david604 said:
Al said and done, good deal now?

If you are at the base MF and you don't think you can get any more of a discount on the selling price, then the deal is as good as it's going to get.

nyccarguy

@Michaell‌

What is the residual on a 27 month/ lease with 12K per year? $2,000 lease cash is some serious dough:)

kyfdx

@nyccarguy said:
Michaell‌

What is the residual on a 27 month/ lease with 12K per year? $2,000 lease cash is some serious dough:)

68%

socalnewguy83

Brand new to Los Angeles, California and the entire leasing game. I'd like to lease a 2014 CT200H hybrid Fsport with Navigation for 27mo and 10K miles a year. What are the current specials? I would like to do zero down but pay the max number of MSD's possible (9 I think it is). I also have an excellent credit rating. I have no idea about the following... 1) which dealer I should go to that will be willing to disclose all the numbers and fees 2) what price I should be paying 3) what the "cap cost" is or what is included in this. ANY help would be greatly appreciated.

kyfdx

@socalnewguy83 said:
Brand new to Los Angeles, California and the entire leasing game. I'd like to lease a 2014 CT200H hybrid Fsport with Navigation for 27mo and 10K miles a year. What are the current specials? I would like to do zero down but pay the max number of MSD's possible (9 I think it is). I also have an excellent credit rating. I have no idea about the following... 1) which dealer I should go to that will be willing to disclose all the numbers and fees 2) what price I should be paying 3) what the "cap cost" is or what is included in this. ANY help would be greatly appreciated.

The money factor is .00090 and the residual is 69%.

The dealer has to disclose the residual, and should give you the money factor, if asked. If the dealer won't supply that information, then you should find another dealer.

The CAP COST is the selling price, plus any fees you roll into the lease, minus any downpayment you make.

david604

@Michaell said:

With the changes I ended up with the sport at 300 a month,so quite happy. Thank you all for the advice; very helpful. Shaved 30-40 off a month.

Michaell

@david604 said:
With the changes I ended up with the sport at 300 a month,so quite happy. Thank you all for the advice; very helpful. Shaved 30-40 off a month.

Congratulations!

socalnewguy83

Went to the Lexus dealership last night and here's what I got...

Lexus CT200H F Sport
MF=0.00070
MSRP $38,869.00
Sale Price
Purchase Option $28,763.06
Monthly Payment (Incl Taxes) $291.41
Term w/ 10k/yr x24mo
Total Montly Payments $6,993.84
Acquisition Fee $700.00
Fees & Insurance $414.75
Upfront Taxes $249.30
Total Amount of Lease $8,357.89
MSD's (9) - MF=0.00001 $2,700.00
Amount due at inception $4,355.52

Is this good? No? I didn't get a sales price from the guy, but can that be figured out based on all the information I got or no? Thanks for ANY help!!

Michaell

@socalnewguy83 said:
Went to the Lexus dealership last night and here's what I got...

Lexus CT200H F Sport
MF=0.00070
MSRP $38,869.00
Sale Price
Purchase Option $28,763.06
Monthly Payment (Incl Taxes) $291.41
Term w/ 10k/yr x24mo
Total Montly Payments $6,993.84
Acquisition Fee $700.00
Fees & Insurance $414.75
Upfront Taxes $249.30
Total Amount of Lease $8,357.89
MSD's (9) - MF=0.00001 $2,700.00
Amount due at inception $4,355.52

Is this good? No? I didn't get a sales price from the guy, but can that be figured out based on all the information I got or no? Thanks for ANY help!!

Less than $300/mo for a car that stickers close to $40K is a great deal. The high residual and the use of MSDs to lower the MF certainly helped.

Shining

Hi everybody, I'm new to lease a vehicle, always purchased because I keep cars for long time (8-10 years).

However, right now Lexus CT200h has a $2,000 lease cash that I won't be taking advantage of if I buy. Does it make sense if I lease the same vehicle now and take that $2,000 and purchase the vehicle at the lease end? I do plan to keep the vehicle for a long time though.

Shining

@Shining said:
Hi everybody, I'm new to lease a vehicle, always purchased because I keep cars for long time (8-10 years).

However, right now Lexus CT200h has a $2,000 lease cash that I won't be taking advantage of if I buy. Does it make sense if I lease the same vehicle now and take that $2,000 and purchase the vehicle at the lease end? I do plan to keep the vehicle for a long time though.

As I understand, if I lease now and buy at the lease-end, there's additional cost compared to buying upfront, such as the acquisition fee (upfront) and the purchase option fee (at lease-end)? Does it pretty much negate the $2,000 lease cash? How about GAP insurance that I need to pay for leased vehicle?

Is acquisition fee on top of destination charge?

Michaell

@Shining said:
Is acquisition fee on top of destination charge?

Yes. Both are valid charges.

Are you planinng to buy the car with cash at lease end, or finance?

You have to do analysis of lease & buy vs. Buy only from a cost perspective. Total cost to own.

Shining

@Michaell said:
Yes. Both are valid charges.
Are you planinng to buy the car with cash at lease end, or finance?
You have to do analysis of lease & buy vs. Buy only from a cost perspective. Total cost to own.

Comparing apple A to apple B (assume the car sale price is 30k, tax aside):

A. Finance the car upfront. Putting down 10k, finance the rest 20k, keep 8 years in total.

B. Lease the car upfront (the price would be 28k because of 2k lease cash) for 36 months. Paying cash at lease end and keep for another 5 years.

Assume everything negotiated to the best of its own, i.e. good APR for financing, good lease terms etc. I just want to know toward the end of 8 year, which one comes out more economical? (ignore cost of money etc, just pure maths)

Michaell

@Shining said:

Assume everything negotiated to the best of its own, i.e. good APR for financing, good lease terms etc. I just want to know toward the end of 8 year, which one comes out more economical? (ignore cost of money etc, just pure maths)

There are plenty of financial calculators available on the web that can help with the numbers.

For the CT200h, the residual for a 36 month, 15K mile per year lease is 58% and the MF is .00090. Add 2% for 12K per year and 3% to 10K per year leases.

obi1andkobe2

Are the numbers for June in yet?

Michaell

@obi1andkobe2 said:
Are the numbers for June in yet?

They are .. what lease term and miles per year?

julio91

what do you think next month prediction will be for the CT on the rates? (month of july) I know Lexus is having golden ticket event (something like that in August). I'm thinking of bitting the bullet this month but I think next month might get better and August might even better but I have a feeling the program will worsen a little because these companies know just because a sale is going on ppl think they are getting a good deal. Any thoughts?

Michaell

@julio91 said:
what do you think next month prediction will be for the CT on the rates? (month of july) I know Lexus is having golden ticket event (something like that in August). I'm thinking of bitting the bullet this month but I think next month might get better and August might even better but I have a feeling the program will worsen a little because these companies know just because a sale is going on ppl think they are getting a good deal. Any thoughts?

There is no way for us to predict what will happen to the numbers in future months. If there is a lot of inventory, then Lexus may sweeten the numbers to help move the metal.

obi1andkobe2

@Michaell said:

I would say between 24-36 months 10K-12K per year.

Michaell

@obi1andkobe2 said:
I would say between 24-36 months 10K-12K per year.

24/12 - 70%

36/12 - 60%

.00090 MF for both - $2000 lease cash this month.

Add 1% to residual for 10K.

asia1210

Getting a deal on a Lexus base model 2014CT:
299 plus tax/10k
312 plus tax/12k

Absolutely 0 down, and they will pay first month.

This is based in Miami, Fl and I was quoted today.

Is this a good deal?

Also, do you think I could get a better deal in August (my current lease is up then, not trading)?

kyfdx

How many months? Looks like a great deal. I doubt it will be better in August, but it could be worse, as well.

dseek1

First time to lease a car. I got this offer:
CT 200h with navigation package.
27 months with 10K/year.
Payment: month 2-27: $316/month (before tax)
down: $1000 (including 1st month payment)

This is in Westchester, NY.

Am I getting a fair deal?

kyfdx

All of these CT200h deals around $300/mo. are pretty good.... It's a $30K+ car.. hard to do any better than that.

gtmiami

@asia1210 said:
Getting a deal on a Lexus base model 2014CT:
299 plus tax/10k
312 plus tax/12k

Absolutely 0 down, and they will pay first month.

This is based in Miami, Fl and I was quoted today.

Is this a good deal?

Also, do you think I could get a better deal in August (my current lease is up then, not trading)?

How did you manage that deal,its pretty sweet 0 down, i messaged you,let me know!!

tifighter

July numbers for 27 mo/12k miles available? My local dealer has a lot of these. Regional ad deal is $299/mo, $999 due at sign, 10k miles/yr on a $34324 selling price, which seems like an okay start out of the gate.

Michaell

@tifighter said:
July numbers for 27 mo/12k miles available? My local dealer has a lot of these. Regional ad deal is $299/mo, $999 due at sign, 10k miles/yr on a $34324 selling price, which seems like an okay start out of the gate.

.00090 and $2500 lease cash. RV for 27/12 is 63%.

johnl617

I am thinking about leasing a CT200H F-Sport with a MSRP of 38,5XX. I am still waiting for the numbers to come back to me from the dealers but I do have a question about MSDs. Is it possible for me to trade in my car and use the funds towards MSDs.

John

Michaell

@johnl617 said:
I am thinking about leasing a CT200H F-Sport with a MSRP of 38,5XX. I am still waiting for the numbers to come back to me from the dealers but I do have a question about MSDs. Is it possible for me to trade in my car and use the funds towards MSDs.

John

Yes you can. Better to use the trade equity on MSD than as a down payment.

johnl617

Thanks a lot Michaell. I will post my numbers once I hear back from my dealer in MA.

hull22

What's the the current residual and MF for 27mo 10K/yr CT200h with or without F-sport pkg? Thx

johnl617

What do you guy think of this:

2014 CT200H Ultra Sexy Blue - F Sport - MSRP 38,530

-27 month
-12k a year
- zero down
- 2700 MSD to be refunded at end of lease
- first month payment free
- 300 a month (only have to pay excise and sales tax? Not 100% sure but will confirm)

The MF was .00090 but it's now at .00018.

The selling price is 34,972. I thought I did well....

Michaell

@johnl617 said:
What do you guy think of this:

2014 CT200H Ultra Sexy Blue - F Sport - MSRP 38,530

-27 month
-12k a year
- zero down
- 2700 MSD to be refunded at end of lease
- first month payment free
- 300 a month (only have to pay excise and sales tax? Not 100% sure but will confirm)

The MF was .00090 but it's now at .00018.

The selling price is 34,972. I thought I did well....

$300/mo for a car that stickers that close to $40 grand is a great deal.

Michaell

@hull22 said:
What's the the current residual and MF for 27mo 10K/yr CT200h with or without F-sport pkg? Thx

68% and .00090

johnl617

Thanks Michaell. I almost got a Prius 5 and I am glad I test drove the CT later on. Thanks to the Edmunds community for helping me score this deal!

Michaell

@johnl617 said:
Thanks Michaell. I almost got a Prius 5 and I am glad I test drove the CT later on. Thanks to the Edmunds community for helping me score this deal!

I have test driven the CT200h and really liked it .. just a bit too expensive for my budget.

wsterling

Good day. I am looking at a CT lease but may barely qualify. The dealership is saying that I would qualify because 600 is the cutoff score. I would like to k ow if anyone can tell me what the MF should be for a 600 FICO?

Thank you.

Michaell

@wsterling said:
Good day. I am looking at a CT lease but may barely qualify. The dealership is saying that I would qualify because 600 is the cutoff score. I would like to k ow if anyone can tell me what the MF should be for a 600 FICO?

Thank you.

Tier 6 (580-609) has a base MF of .00430 for the CT200h.

wsterling

@Michaell‌ thank you. Would you be able to tell me what the residual is for 7500 10k and 12k?

Michaell

@wsterling said:
Michaell‌ thank you. Would you be able to tell me what the residual is for 7500 10k and 12k?

24 months - 71% / 70% / 69%

36 months - 61% / 60% / 59%

wsterling

Would you please tell me what tier and money factor I would be if I pulled a 630 equifax and a 655 experian for 36m term with 10k miles per year. I really appreciate all of your assistance.

kyfdx

@wsterling said:
Would you please tell me what tier and money factor I would be if I pulled a 630 equifax and a 655 experian for 36m term with 10k miles per year. I really appreciate all of your assistance.

I don't have the tiers and MF adjustments for Lexus Finance... Of course, residuals don't change according to credit tier, only the money factor.