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.
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.
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.
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?
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.
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.
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.
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.
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.
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!!
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!!
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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.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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
24/12 72%
27/12 70%
36/12 64%
Add 1% for 10K
Complimentary first payment.
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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.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also, the first payment is complimentary.
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Can I please get the rates for 24/15 and 27/15 for non-AWD f-sport?
Thanks!
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May I request the residual/MF for IS350 F-Sport FWD on 36mo./10k and 36mo./7.5k lease in Los Angeles?
Thanks!
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Yes
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What's the MF and residual for 30 months 10k/12k miles for the 2015 is 350 f sport awd?
Thanks !
68%/67% residual. $500 lease cash.
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Don't have those numbers specific to NJ. It'll be either one of the numbers quoted above.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am looking a the IS350 AWD (potentially with F-Sport). Any recent transacted prices?
Thanks.
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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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.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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.
27/12 - 69%
MF is .00090 and $500 lease cash
Hard to predict what will happen next month.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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
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2017 Accord Sport CVT Mod Steel Metallic
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Long Island, NY
thank you in advance, you guys are a great help!!
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