Please advise re: my lease offer on '15 Lexus ES 300h in NJ.
Term - 36 mos Miles - 18000 $Factor - .00055 MSRP - $47633 Residual - $25778 Total Cap Reduction - $1500 Adjusted Cap Cost - $40700 Rebate - $1500 Total Monthly - $450x 35 mos. Amt Due at Start - $2500
Please help thank.
If the start up money covers your taxes it looks about right b
To add to these numbers, here is what I read from the sheet that the guy gave me:
Vehicle Price: 44,893 Preferred Customer Discount: $2,391 (I purchased 2 cars from them before - is this because of that?) Selling Price: $42,502 Tax: $ 2,982 (WTF? - in NJ should be tax on the lease payments, not on selling price, right?) Fees: $790 Rebate: $1,500
To add to these numbers, here is what I read from the sheet that the guy gave me:
Vehicle Price: 44,893 Preferred Customer Discount: $2,391 (I purchased 2 cars from them before - is this because of that?) Selling Price: $42,502 Tax: $ 2,982 (WTF? - in NJ should be tax on the lease payments, not on selling price, right?) Fees: $790 Rebate: $1,500
In NJ, tax is calculated on the total payments and then collected upfront, but no, it shouldn't be $2982. Dealers like to make purchase quotes, and put in amounts that have nothing to do with a lease, then just come up with a monthly payment number, with no detail on how it was calculated.
I don't think the discount is anything special.. 5.3% of MSRP. The word "preferred" is just there to make you feel good.
$42502 +$790 fees -$1500 rebate +$1100 tax (more or less) = $42900 CAP cost
Using that CAP cost, I get about $470/mo.
You may have title/registration on top of that... I'm assuming that the $790 fees includes the $700 acquisition fee..
To add to these numbers, here is what I read from the sheet that the guy gave me:
Vehicle Price: 44,893 Preferred Customer Discount: $2,391 (I purchased 2 cars from them before - is this because of that?) Selling Price: $42,502 Tax: $ 2,982 (WTF? - in NJ should be tax on the lease payments, not on selling price, right?) Fees: $790 Rebate: $1,500
In NJ, tax is calculated on the total payments and then collected upfront, but no, it shouldn't be $2982. Dealers like to make purchase quotes, and put in amounts that have nothing to do with a lease, then just come up with a monthly payment number, with no detail on how it was calculated.
I don't think the discount is anything special.. 5.3% of MSRP. The word "preferred" is just there to make you feel good.
$42502 +$790 fees -$1500 rebate +$1100 tax (more or less) = $42900 CAP cost
Using that CAP cost, I get about $470/mo.
You may have title/registration on top of that... I'm assuming that the $790 fees includes the $700 acquisition fee..
Wow! Thanks so much for the info! I bargained like there was no tomorrow and at the end, here is the car and details that we agreed upon:
MSRP: $45,212 (basically the same car but also has a rear spoiler). Terms: 7,500/yr, 36 months Out of pocket: $0 (yes, zero) Monthly payment: $401.27
Looks like a crazy deal, isn`t it?
They have 2 cars on the lot to choose from, gray nebula with black leather and silver with light gray leather. I think I`ll go with the nebula...
To add to these numbers, here is what I read from the sheet that the guy gave me:
Vehicle Price: 44,893 Preferred Customer Discount: $2,391 (I purchased 2 cars from them before - is this because of that?) Selling Price: $42,502 Tax: $ 2,982 (WTF? - in NJ should be tax on the lease payments, not on selling price, right?) Fees: $790 Rebate: $1,500
In NJ, tax is calculated on the total payments and then collected upfront, but no, it shouldn't be $2982. Dealers like to make purchase quotes, and put in amounts that have nothing to do with a lease, then just come up with a monthly payment number, with no detail on how it was calculated.
I don't think the discount is anything special.. 5.3% of MSRP. The word "preferred" is just there to make you feel good.
$42502 +$790 fees -$1500 rebate +$1100 tax (more or less) = $42900 CAP cost
Using that CAP cost, I get about $470/mo.
You may have title/registration on top of that... I'm assuming that the $790 fees includes the $700 acquisition fee..
Wow! Thanks so much for the info! I bargained like there was no tomorrow and at the end, here is the car and details that we agreed upon:
MSRP: $45,212 (basically the same car but also has a rear spoiler). Terms: 7,500/yr, 36 months Out of pocket: $0 (yes, zero) Monthly payment: $401.27
Looks like a crazy deal, isn`t it?
They have 2 cars on the lot to choose from, gray nebula with black leather and silver with light gray leather. I think I`ll go with the nebula...
Would anyone happen to have the residual and MF for the ES350 for 24 and 27 months, 20k miles? $1500 lease cash?
Thanks!
15K numbers - 65% for 24 months, 63% for 27 months. Extra miles are charged up front at .20 per, so subtract $2000 from the residual for 24 months or $2250 for 27 months.
.00055 MF, $1500 lease cash and first payment complimentary.
Hello, I just signed this lease and was wondering if it was in deed a good deal. The details are below. Your input is greatly appreciated.
Term: 36 Miles: 12k Moneyfactor: 0.00065 Net cap cost: 40,832.40 Residual: 26,358.25 Amount due at signing: 389.43 ( first month payment paid by Lexus so 35 pmts remaining
Hello, I just signed this lease and was wondering if it was in deed a good deal. The details are below. Your input is greatly appreciated.
Term: 36 Miles: 12k Moneyfactor: 0.00065 Net cap cost: 40,832.40 Residual: 26,358.25 Amount due at signing: 389.43 ( first month payment paid by Lexus so 35 pmts remaining
Monthly payment: $439
What state and tax rate is this? What is the MSRP?
Hello, I just signed this lease and was wondering if it was in deed a good deal. The details are below. Your input is greatly appreciated.
Term: 36 Miles: 12k Moneyfactor: 0.00065 Net cap cost: 40,832.40 Residual: 26,358.25 Amount due at signing: 389.43 ( first month payment paid by Lexus so 35 pmts remaining
Monthly payment: $439
What state and tax rate is this? What is the MSRP?
State is IL and tax rate is 7%.
Msrp was 44675 for the luxury package with Navigation.
Hello, I just signed this lease and was wondering if it was in deed a good deal. The details are below. Your input is greatly appreciated.
Term: 36 Miles: 12k Moneyfactor: 0.00065 Net cap cost: 40,832.40 Residual: 26,358.25 Amount due at signing: 389.43 ( first month payment paid by Lexus so 35 pmts remaining
Monthly payment: $439
What state and tax rate is this? What is the MSRP?
State is IL and tax rate is 7%.
Msrp was 44675 for the luxury package with Navigation.
Interesting ... I get $477/mo with those numbers when tax is added. No other money due at signing? Trade in credit?
I made a great deal MSRP=$44644 cap= $41524 mfg rebate=$1500 final= 40024 rolled ny taxes into pmt $412/mo 36/10k out of pocket $1200 includes $700 bank fee and dmv
I made a great deal MSRP=$44644 cap= $41524 mfg rebate=$1500 final= 40024 rolled ny taxes into pmt $412/mo 36/10k out of pocket $1200 includes $700 bank fee and dmv
Yep, that is a great deal. Congrats, and enjoy your new Lexus!
Hi, Can I buy additional mileages from Lexus finance after I leased 36mo./10k? If yes, could you please explain how it works? Is it still same as 12k for 1% RV and 15k for 3% RV?
Hi, Can I buy additional mileages from Lexus finance after I leased 36mo./10k? If yes, could you please explain how it works? Is it still same as 12k for 1% RV and 15k for 3% RV?
Thanks.
If you have a signed contract at 36/10, you will have to purchase the miles at a per mile rate of, I believe, .20/mile.
Hi, Can I buy additional mileages from Lexus finance after I leased 36mo./10k? If yes, could you please explain how it works? Is it still same as 12k for 1% RV and 15k for 3% RV?
Thanks.
If you have a signed contract at 36/10, you will have to purchase the miles at a per mile rate of, I believe, .20/mile.
A dealer told me I might be able to purchase after signed but he was not 100% sure how or how much.
Does Lexus charge 1% RV from 10k to 12k and 3% RV from 10k to 15k at the initial lease?
Hi, Can I buy additional mileages from Lexus finance after I leased 36mo./10k? If yes, could you please explain how it works? Is it still same as 12k for 1% RV and 15k for 3% RV?
Thanks.
If you have a signed contract at 36/10, you will have to purchase the miles at a per mile rate of, I believe, .20/mile.
A dealer told me I might be able to purchase after signed but he was not 100% sure how or how much.
Does Lexus charge 1% RV from 10k to 12k and 3% RV from 10k to 15k at the initial lease?
Thanks.
Yes, those mileage adjustments are correct at lease inception.
The dealer is telling me the RV for 35/ 15k is 54% and $2000 lease incentive. Is it correct?
Residuals are set by the bank and cannot be altered by the dealer. The information I have suggests the residuals for Lexus are the same for the whole country; the MF can be regional, but that's not what is in dispute here.
Of course, it could be they are using a different bank for their lease quotes. My numbers are for Lexus Financial Services.
I went with the 2015 ES350. Giving back with my info.... Luxury pckg, 18 inch wheels, etc.. Here is my deal : MSRP is 45414. 36 months, 15000 miles. Rolled everything into lease including 8.625% NY tax which then becomes 41381. Paid 313 dollars total up front. Payment ends up at 466. I think it would be just under 420 without the taxes which are over 1900 dollars. As always, your results may vary! Hope I did well, happy with it regardless. Beautiful car, way nicer than I expected. Thanks to mods and everyone else who shared info. Good luck.
I went with the 2015 ES350. Giving back with my info.... Luxury pckg, 18 inch wheels, etc.. Here is my deal : MSRP is 45414. 36 months, 15000 miles. Rolled everything into lease including 8.625% NY tax which then becomes 41381. Paid 313 dollars total up front. Payment ends up at 466. I think it would be just under 420 without the taxes which are over 1900 dollars. As always, your results may vary! Hope I did well, happy with it regardless. Beautiful car, way nicer than I expected. Thanks to mods and everyone else who shared info. Good luck.
Hi all - need your input for the following vehicle:
1.) Model: 2015 ES 350 with Premium, Navigation and additional accessories 2.) State: NY 3.) MSRP: $44,565 4.) Cap Cost (after Lexus rebates): $39,992 5.) MF (12k Miles/36 months): 0.00055 6.) Residual (12k Miles/36 months): 59% 7.) Total due at signing: $2307.30 ($1234.80 Sales Tax, $700.00 Bank Fee, $75.00 doc fee, $12.50 Tire Tax, $10.00 NYS inspection and $275.00 New Plates) 8.) Monthly payment: $388 + Taxes
Is this a good deal? Incidentally, today seems to the last day for Lexus rebates for leases.
Will appreciate any help.
Using those numbers, I get $417/mo, so higher than your quote of $388. Also, you are paying the taxes up front so you won't have to add them to your monthly payment.
Are October residual, money factor and incentive details out this morning? 2015 ES350 12,000/27 mo, 15,000/36 mo and 2016 ES350 12,000/27 mo, 15,000/36 mo in Utah.
Are October residual, money factor and incentive details out this morning? 2015 ES350 12,000/27 mo, 15,000/36 mo and 2016 ES350 12,000/27 mo, 15,000/36 mo in Utah.
2015: 64%/56% residual. .00170 MF and $3500 lease cash 2016: 68%/60% residual. .00075 MF and $500 lease cash.
Hi, do we have an October update (MF & residual) for Florida, 2016, 7,500/36mo, 10,000/ 36mo, 12,000/36mo, 15,000/36mo Saw an 7,500 miles offer at our local dealer. Thanks in advance!
Hi, do we have an October update (MF & residual) for Florida, 2016, 7,500/36mo, 10,000/ 36mo, 12,000/36mo, 15,000/36mo Saw an 7,500 miles offer at our local dealer. Thanks in advance!
2016 ES350 36/15 - .00075 and 60%. $500 lease cash. Add 2% for 12K, 3% for 10K and 4% for 7,500 miles.
Comments
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am in NJ, looking to get 2015 ES 350 with 0 out of pocket.
Here is the vehicle I am struggling to get a good deal on:
36 months, 7,500 miles per year, 44,893.00 MSRP
What is residual and MF? How much would you think should I bargain to pay per month?
Thank you,
Kevin
Vehicle Price: 44,893
Preferred Customer Discount: $2,391 (I purchased 2 cars from them before - is this because of that?)
Selling Price: $42,502
Tax: $ 2,982 (WTF? - in NJ should be tax on the lease payments, not on selling price, right?)
Fees: $790
Rebate: $1,500
In NJ, tax is calculated on the total payments and then collected upfront, but no, it shouldn't be $2982. Dealers like to make purchase quotes, and put in amounts that have nothing to do with a lease, then just come up with a monthly payment number, with no detail on how it was calculated.
I don't think the discount is anything special.. 5.3% of MSRP. The word "preferred" is just there to make you feel good.
$42502
+$790 fees
-$1500 rebate
+$1100 tax (more or less)
= $42900 CAP cost
Using that CAP cost, I get about $470/mo.
You may have title/registration on top of that... I'm assuming that the $790 fees includes the $700 acquisition fee..
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New Jersey . Residual for 18k/36 months. Thank you.
MSRP: $45,212 (basically the same car but also has a rear spoiler).
Terms: 7,500/yr, 36 months
Out of pocket: $0 (yes, zero)
Monthly payment: $401.27
Looks like a crazy deal, isn`t it?
They have 2 cars on the lot to choose from, gray nebula with black leather and silver with light gray leather. I think I`ll go with the nebula...
Kevin
$1500 lease cash and complimentary 1st payment
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Thanks!
.00055 MF, $1500 lease cash and first payment complimentary.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Term: 36
Miles: 12k
Moneyfactor: 0.00065
Net cap cost: 40,832.40
Residual: 26,358.25
Amount due at signing: 389.43 ( first month payment paid by Lexus so 35 pmts remaining
Monthly payment: $439
$1500 rebate, first month's Pmt. and MF of 0.00055 with 61% RV on 10k/yr
please advise
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Msrp was 44675 for the luxury package with Navigation.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP=$44644
cap= $41524
mfg rebate=$1500
final= 40024
rolled ny taxes into pmt
$412/mo 36/10k
out of pocket $1200 includes
$700 bank fee and dmv
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Could you please check my quote for lease 2015 ES 350? I think something is not right.
MSRP: 40779
Sale price: 36900
Term: 36 mo./10k
Tax: 7%/NJ
Bank fee: 700
MF: .00055
Residual: 60%
MSD: 6
Rebate: $1500 + 1st month
Monthly: $380.00 (includes tax, dmv, bank fee, etc.)
OOP: $0 + MSD
I think monthly is somewhat higher than my calculation. Please help me out what is wrong?
It was originally sales price $37249 and monthly was $391.42.
Thank you.
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The final MF was 0.00007.
Thanks again.
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Thanks again!!!
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Can I buy additional mileages from Lexus finance after I leased 36mo./10k?
If yes, could you please explain how it works? Is it still same as 12k for 1% RV and 15k for 3% RV?
Thanks.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Does Lexus charge 1% RV from 10k to 12k and 3% RV from 10k to 15k at the initial lease?
Thanks.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1500 lease cash and first payment complimentary.
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Of course, it could be they are using a different bank for their lease quotes. My numbers are for Lexus Financial Services.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Was wondering if the numbers are available for the 2016 models. 36/15 South Florida. Thanks.
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Giving back with my info....
Luxury pckg, 18 inch wheels, etc.. Here is my deal :
MSRP is 45414. 36 months, 15000 miles.
Rolled everything into lease including 8.625% NY tax which then becomes 41381.
Paid 313 dollars total up front.
Payment ends up at 466. I think it would be just under 420 without the taxes which are over 1900 dollars.
As always, your results may vary! Hope I did well, happy with it regardless.
Beautiful car, way nicer than I expected.
Thanks to mods and everyone else who shared info.
Good luck.
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1.) Model: 2015 ES 350 with Premium, Navigation and additional accessories
2.) State: NY
3.) MSRP: $44,565
4.) Cap Cost (after Lexus rebates): $39,992
5.) MF (12k Miles/36 months): 0.00055
6.) Residual (12k Miles/36 months): 59%
7.) Total due at signing: $2307.30 ($1234.80 Sales Tax, $700.00 Bank Fee, $75.00 doc fee, $12.50 Tire Tax, $10.00 NYS inspection and $275.00 New Plates)
8.) Monthly payment: $388 + Taxes
Is this a good deal? Incidentally, today seems to the last day for Lexus rebates for leases.
Will appreciate any help.
And yes, the Lexus programs expire today ...
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2016: 68%/60% residual. .00075 MF and $500 lease cash.
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36mo, 12,000/36mo, 15,000/36mo
Saw an 7,500 miles offer at our local dealer. Thanks in advance!
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