2015 Lexus IS350 Lease Questions

24

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  • kadoone1kadoone1 Member Posts: 3
    There is only two lexus dealers in town and both are owned by the same company.

    He did revise my money factor to .0009 and is now saying the payment would be $599 per month with $500 down. I still think hes a little high. Just not sure how to confirm that.

    Thanks for all of your help. Id appreciate any additional advice.
  • MichaellMichaell Moderator Posts: 252,946
    kadoone1 said:

    There is only two lexus dealers in town and both are owned by the same company.

    He did revise my money factor to .0009 and is now saying the payment would be $599 per month with $500 down. I still think hes a little high. Just not sure how to confirm that.

    Thanks for all of your help. Id appreciate any additional advice.

    Expand your search to the next town with a Lexus dealer ... they think you won't do that, so they aren't scared enough of losing your business to make a good deal with you.

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  • xitalianxitalian Member Posts: 8
    Hello everyone, looking to lease a 2015 IS 350 AWD F Sport pretty loaded with all the extra options. I have excellent credit and live in NJ.

    Whats the MF and residuals for:

    24 months: 10k and 12k miles
    27 months: 10k and 12k miles
    36 months: 10k and 12k miles

    Thanks
  • MichaellMichaell Moderator Posts: 252,946
    xitalian said:

    Hello everyone, looking to lease a 2015 IS 350 AWD F Sport pretty loaded with all the extra options. I have excellent credit and live in NJ.

    Whats the MF and residuals for:

    24 months: 10k and 12k miles
    27 months: 10k and 12k miles
    36 months: 10k and 12k miles

    Thanks

    .00090 MF for all lease terms.

    24/12 72%
    27/12 70%
    36/12 64%

    Add 1% for 10K

    Complimentary first payment.

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  • joeyalexjoeyalex Member Posts: 13
    amakh said:


    Did you use MSDs to get the MF down? If so, how many?

    Nope, just some negotiation. I wanted a few extras anyway, but I played dumb and let the guy show me what the options were. Then I picked out the ones I wanted, let him add it into the monthly price, and then played the "Well, I really want these, but that payment is too high" card.

    He played with the numbers a bit, and basically bought down the MF to get the payment down. He still made his money on the extra profit from the stuff I picked, and I got what I wanted with a lower payment. So, while I wouldn't say I won (the extras always have lots of profit built in), I got what I wanted and was able to shave a little bit of their profit off.

    Also, since I went through the internet sales department they gave me everything "at cost". I'm sure that's not actually their real cost for this stuff, there's still plenty of profit built in, but at least the prices weren't complete rip offs.

    I highly doubt you'll get anything less than 0.0009 without doing MSDs or add-ons. They aren't going to pay to buy down the MF unless they are making that back somewhere else.

    All in all, I think I did OK.
  • tampa32tampa32 Member Posts: 3
    Hi All, I'm shopping for an IS350 and was wondering what the current MF and residuals are? I'm in Tampa if that makes a difference. Thanks!
  • MichaellMichaell Moderator Posts: 252,946
    tampa32 said:

    Hi All, I'm shopping for an IS350 and was wondering what the current MF and residuals are? I'm in Tampa if that makes a difference. Thanks!

    .00090 MF; residual is based on lease term and mileage - what are you looking for?

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  • tampa32tampa32 Member Posts: 3
    Michaell said:

    tampa32 said:

    Hi All, I'm shopping for an IS350 and was wondering what the current MF and residuals are? I'm in Tampa if that makes a difference. Thanks!

    .00090 MF; residual is based on lease term and mileage - what are you looking for?
    Sorry about that - newbie mistake! I'm looking at 36 mo/10K yr.
  • MichaellMichaell Moderator Posts: 252,946
    tampa32 said:

    Michaell said:

    tampa32 said:

    Hi All, I'm shopping for an IS350 and was wondering what the current MF and residuals are? I'm in Tampa if that makes a difference. Thanks!

    .00090 MF; residual is based on lease term and mileage - what are you looking for?
    Sorry about that - newbie mistake! I'm looking at 36 mo/10K yr.
    65% residual.

    Also, the first payment is complimentary.

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  • obmtoobmto Member Posts: 15
    How about MF and residual for 36 months at either 12k or 15k? Thanks
  • MichaellMichaell Moderator Posts: 252,946
    obmto said:

    How about MF and residual for 36 months at either 12k or 15k? Thanks

    61% for 36/15. Add 2% for 12K. MF is .00090

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  • user1user1 Member Posts: 45
    Hello there! What are April's numbers for 24/12 and 24/10 on an IS 350 AWD (non f-sport). Thank you.
  • MichaellMichaell Moderator Posts: 252,946
    user1 said:

    Hello there! What are April's numbers for 24/12 and 24/10 on an IS 350 AWD (non f-sport). Thank you.

    .00090 and 71% / 72%

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  • user1user1 Member Posts: 45
    Hi again.  Can you also provide 24/10 and 24/12 on the IS 350 AWD F-sport?  Thanks again!
  • kyfdxkyfdx Moderator Posts: 254,341
    user1 said:

    Hi again.  Can you also provide 24/10 and 24/12 on the IS 350 AWD F-sport?  Thanks again!

    .00090 MF and 72%/71% residual

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  • willyc1willyc1 Member Posts: 22
    Hello,

    Can I please get the rates for 24/15 and 27/15 for non-AWD f-sport?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 254,341
    willyc1 said:

    Hello,

    Can I please get the rates for 24/15 and 27/15 for non-AWD f-sport?

    Thanks!

    .00090 MF and 69%/67% residual. $500 lease cash.

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  • mroctobermroctober Member Posts: 21
    Hi,

    May I request the residual/MF for IS350 F-Sport FWD on 36mo./10k and 36mo./7.5k lease in Los Angeles?

    Thanks!
  • MichaellMichaell Moderator Posts: 252,946
    mroctober said:

    Hi,

    May I request the residual/MF for IS350 F-Sport FWD on 36mo./10k and 36mo./7.5k lease in Los Angeles?

    Thanks!

    64% / 65% and .00090. $500 lease cash.

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  • mroctobermroctober Member Posts: 21
    @Micahael Thank you very much!
  • user1user1 Member Posts: 45
    Can you also provide 24/10 and 24/12 on the IS 350 AWD F-sport as well as AWD non-sport? Thanks again!
  • MichaellMichaell Moderator Posts: 252,946
    user1 said:

    Can you also provide 24/10 and 24/12 on the IS 350 AWD F-sport as well as AWD non-sport? Thanks again!

    No difference .. all IS350 sedans have the same numbers. 71% / 72% and .00090 MF. $500 lease cash.

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  • user1user1 Member Posts: 45
    Michaell said:
    Can you also provide 24/10 and 24/12 on the IS 350 AWD F-sport as well as AWD non-sport? Thanks again!
    No difference .. all IS350 sedans have the same numbers. 71% / 72% and .00090 MF. $500 lease cash.
    So the 72% is for the 24/10, correct?  Thank you.
  • MichaellMichaell Moderator Posts: 252,946
    user1 said:


    Michaell said:

    user1 said:

    Can you also provide 24/10 and 24/12 on the IS 350 AWD F-sport as well as AWD non-sport? Thanks again!

    No difference .. all IS350 sedans have the same numbers. 71% / 72% and .00090 MF. $500 lease cash.

    So the 72% is for the 24/10, correct?  Thank you.

    Yes

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  • xitalianxitalian Member Posts: 8
    edited May 2015
    Hey all,

    What's the MF and residual for 30 months 10k/12k miles for the 2015 is 350 f sport awd?

    Thanks !
  • kyfdxkyfdx Moderator Posts: 254,341
    xitalian said:

    Hey all,

    What's the MF and residual for 30 months 10k/12k miles for the 2015 is 350 f sport awd?

    Thanks !

    MF is .00070-.00075 depending on region.
    68%/67% residual. $500 lease cash.

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  • xitalianxitalian Member Posts: 8
    kyfdx said:
    Hey all,

    What's the MF and residual for 30 months 10k/12k miles for the 2015 is 350 f sport awd?

    Thanks !
    MF is .00070-.00075 depending on region. 68%/67% residual. $500 lease cash.
    In the new jersey bergen county area?
  • MichaellMichaell Moderator Posts: 252,946
    xitalian said:


    kyfdx said:

    Hey all,

    What's the MF and residual for 30 months 10k/12k miles for the 2015 is 350 f sport awd?

    Thanks !
    MF is .00070-.00075 depending on region.
    68%/67% residual. $500 lease cash.

    In the new jersey bergen county area?

    Don't have those numbers specific to NJ. It'll be either one of the numbers quoted above.

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  • roma007roma007 Member Posts: 39
    Has anyone ever done a one pay lease with Lexus or with any other company? The allure is the savings on the interest, but the risk is i lose all the money if the car gets totaled. Is that accurate? Is it better to do multiple security deposits instead?

    I am looking a the IS350 AWD (potentially with F-Sport). Any recent transacted prices?

    Thanks.
  • kyfdxkyfdx Moderator Posts: 254,341
    roma007 said:

    Has anyone ever done a one pay lease with Lexus or with any other company? The allure is the savings on the interest, but the risk is i lose all the money if the car gets totaled. Is that accurate? Is it better to do multiple security deposits instead?

    I am looking a the IS350 AWD (potentially with F-Sport). Any recent transacted prices?

    Thanks.

    Single pay leases aren't structured the same as a lease with a big CAP cost reduction. In exchange for making a single payment upfront, the money factor is reduced. The lease payment is calculated as though you were still making individual payments, just with that reduced money factor, then the lower payments are added together and that is your single payment.

    In effect, your single payment is in an escrow account, and is used to make the (lower) payments each month, on your lease. If the lease ends early, the balance from your single payment is refunded to you, and it's treated as any other lease with an early termination paid off by insurance.

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  • blueraptorblueraptor Member Posts: 4
    Hi guys,

    Does anyone have the MF and Residual numbers for June on a is350 fwd F-sport. 24/12 27/12. In Los Angeles?

    Thanks for your help.
  • MichaellMichaell Moderator Posts: 252,946

    Hi guys,

    Does anyone have the MF and Residual numbers for June on a is350 fwd F-sport. 24/12 27/12. In Los Angeles?

    Thanks for your help.

    We don't have the June numbers yet --- probably next week.

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  • blueraptorblueraptor Member Posts: 4
    Thanks for your quick reply.

    Is it possible to get the May MF and Residual numbers on a is350 fwd F-sport. 24/12 27/12. In Los Angeles? I want to figure out a monthly payment. I hope the May MF and Residual won't be too off from the June numbers.

    Thanks in advance.
  • MichaellMichaell Moderator Posts: 252,946

    Thanks for your quick reply.

    Is it possible to get the May MF and Residual numbers on a is350 fwd F-sport. 24/12 27/12. In Los Angeles? I want to figure out a monthly payment. I hope the May MF and Residual won't be too off from the June numbers.

    Thanks in advance.

    24/12 - 71%
    27/12 - 69%

    MF is .00090 and $500 lease cash

    Hard to predict what will happen next month.

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  • roma007roma007 Member Posts: 39
    kyfdx said:

    roma007 said:

    Has anyone ever done a one pay lease with Lexus or with any other company? The allure is the savings on the interest, but the risk is i lose all the money if the car gets totaled. Is that accurate? Is it better to do multiple security deposits instead?

    I am looking a the IS350 AWD (potentially with F-Sport). Any recent transacted prices?

    Thanks.

    Single pay leases aren't structured the same as a lease with a big CAP cost reduction. In exchange for making a single payment upfront, the money factor is reduced. The lease payment is calculated as though you were still making individual payments, just with that reduced money factor, then the lower payments are added together and that is your single payment.

    In effect, your single payment is in an escrow account, and is used to make the (lower) payments each month, on your lease. If the lease ends early, the balance from your single payment is refunded to you, and it's treated as any other lease with an early termination paid off by insurance.

    Thanks, that's very helpful.
  • roma007roma007 Member Posts: 39
    Just picked up an IS350 AWD w/Nav, Luxury Pkg and 18in wheels with the following deal in NJ.

    Term: 36/10k

    MSRP $49,583
    Sell Price $44,777 (included 500 lease rebate)
    Residual 64%
    MF 0
    Doc fee $599
    Sales Tax $1006
    Registration $316
    Tire Tax 7.50
    Bank Fee 700
    Total one pay $15,200

  • MichaellMichaell Moderator Posts: 252,946
    roma007 said:

    Just picked up an IS350 AWD w/Nav, Luxury Pkg and 18in wheels with the following deal in NJ.

    Term: 36/10k

    MSRP $49,583
    Sell Price $44,777 (included 500 lease rebate)
    Residual 64%
    MF 0
    Doc fee $599
    Sales Tax $1006
    Registration $316
    Tire Tax 7.50
    Bank Fee 700
    Total one pay $15,200

    Congrats! Enjoy the new Lexus

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  • moodyhankmoodyhank Member Posts: 240
    Any word on June numbers for IS 350? $500 lease cash still in place?
  • MichaellMichaell Moderator Posts: 252,946
    moodyhank said:

    Any word on June numbers for IS 350? $500 lease cash still in place?

    Lexus numbers expire today; new numbers should be along in the next few days.

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  • moodyhankmoodyhank Member Posts: 240
    Michaell said:

    moodyhank said:

    Any word on June numbers for IS 350? $500 lease cash still in place?

    Lexus numbers expire today; new numbers should be along in the next few days.
    Any updates Michaell?
  • MichaellMichaell Moderator Posts: 252,946
    moodyhank said:

    Michaell said:

    moodyhank said:

    Any word on June numbers for IS 350? $500 lease cash still in place?

    Lexus numbers expire today; new numbers should be along in the next few days.
    Any updates Michaell?
    .00090 and $500 lease cash. 61% for 36/15 residual.

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  • azlexus2015azlexus2015 Member Posts: 2
    hi Michael, can you provide MF and RV for 27 month/10k in AZ?
  • azlexus2015azlexus2015 Member Posts: 2
    also, how much does each msd lower the MF?
  • MichaellMichaell Moderator Posts: 252,946

    hi Michael, can you provide MF and RV for 27 month/10k in AZ?

    70% and .00090. $500 lease cash.

    also, how much does each msd lower the MF?

    Lexus does have an MSD program, but I don't know the exact details - I think each security deposit lowers the MF by .00001, but don't quote me on that. :smile:

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  • gmanusmcgmanusmc Member Posts: 699

    also, how much does each msd lower the MF?

    Each MSD lowers the money factor by .00008 - max 9 MSDs - can't result in a negative money factor
    2016 ES350 Lux/Atomic Silver
    2017 Accord Sport CVT Mod Steel Metallic
  • kyfdxkyfdx Moderator Posts: 254,341
    gmanusmc said:

    also, how much does each msd lower the MF?

    Each MSD lowers the money factor by .00008 - max 9 MSDs - can't result in a negative money factor
    Thanks!

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  • rfsig27rfsig27 Member Posts: 8
    Hey just hoping to get some quick info on the current mf and residual for an IS350 F sport AWD 24month/ 15k yr and 27month/15k yr
    Long Island, NY
    thank you in advance, you guys are a great help!!
  • kyfdxkyfdx Moderator Posts: 254,341
    rfsig27 said:

    Hey just hoping to get some quick info on the current mf and residual for an IS350 F sport AWD 24month/ 15k yr and 27month/15k yr
    Long Island, NY
    thank you in advance, you guys are a great help!!

    .00090 MF and 69%/67% residual

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  • enver3enver3 Member Posts: 7
    For June figures, is 36/10k 2015 IS 350 F-Sport MF and Residual .0009 and 65%?
  • kyfdxkyfdx Moderator Posts: 254,341
    enver3 said:

    For June figures, is 36/10k 2015 IS 350 F-Sport MF and Residual .0009 and 65%?

    64% residual.

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