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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 IS250 RWD F Sport
Ultra White with Rioja Red
MSRP: $42,009
Selling Price: can't remember but they "said" I got 3,600 under invoice
36 months 12K miles per year
Residual 64%
$0 down, $0 out of pocket, complimentary first months payment, 5/10/15/20k service included
$344.80 + tax
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 IS 250 F Sport
MSRP: $45,744
Money Down: Just Fee's ($1576: $700 Bank Fee, $499 CT Conveyance Fee, $178 DMV, $199 Vin Etch)
Term: 24 months / 10k
Residual: 73%
Money Factor: .00068
Selling Price: $40,882.85 ($2300 below invoice)
Payment: $359.78
Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Bank fee is set by Lexus and the DMV costs are set by the state.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
RWD 350 F Sport. 24 months
Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Add 2% for 12K
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm looking for some assistance in obtaining the best lease deal possible for a 2015 Lexus IS 250 F-Sport. I contacted my local Lexus dealer on 8/25/15 and was given the following quote:
MSRP - $46,229 (all options/packages included)
Mileage - 10,000/year
Term - 36 months
Money Factor - .00068
Residual - $30,048.85
Down payment - $2000 (breakdown not provided)
Monthly payment - $447
Based on some of the information in this forum I think that there are better deals to be had. Can you please offer some advice - specifically on how to reduce the down payment (I'm sure negotiating a sale price lower than the stated MSRP is part of that), and if its possible to get the monthly payment a bit closer to $400 range?
I have not yet engaged the dealer in negotiations - this quote was intended to be a starting point as I have about 1.5 months before my existing lease expires.
Thank you in advance!
Base MF is .00055, so the dealer is marking that up.
And, getting the breakdown of the $2000 up front cash will help understand the deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is there a target sale price that you would recommend shooting for based on the $46,229 MSRP?
Thanks again!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What are the current MF 2015 IS250 RWD non-F in SoCal for 24/10 or 36/10? I thought you had posted earlier that it was 0.00055 for base MF. I got quotes from dealers and they are mentioning that the MF is 0.00075. Can you please confirm if the base MF is 0.00055 and not 0.00075 (which dealers might be padding) in SoCal? Thanks.
Update: Just got email from one dealer who says the MF are set by Lexus Financial Services and not dealers. The 0.00055 is for the ES350 and ES 300h and for IS250 it is 0.00075.
Is the information dealer is giving correct or not?
The email is sort of correct. LFS sets the rates, but dealers can pad them. Ironically, they are right about the IS250, but the rates for the ES are actually lower than that (in West region).
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36 month/10k
MSRP: $45,869
Selling Price: $43,869
Residual: 65%
Money Factor: .00115
Tax: 7.6%
Rebates: $500 lease rebate & $1000 college grad rebate
I have two cars I'm trading in, but not sure that I want to put anything down, so for the purpose of this post, assume $0 down. I am not sure how to figure the monthly payment. Is there wiggle room in the money factor? Is there wiggle room in the selling price?
Thanks!
You are correct to not use trade equity as down payment - if the new car is stolen or totaled, you lose that money. Have the dealer cut you a check instead.
Using all your numbers but with the base MF the payment, with tax, is $464/mo. If the selling price is reduced by the rebate amounts, the payment drops to $418/mo.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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kyfdx, how should I approach them on the MF? I plan to go to Lexus on Tuesday. Should I just walk in and tell them I want a MF of .00055 because my research has shown this to be the base?
Also, since they have only given me $2000 off MSRP, is it possible to get more there as well? I have seen some users claiming they received 10% off MSRP... I'm currently only getting 4% which seems a little on the low side. Your expert opinion is greatly appreciated!
We don't track selling prices, but if you don't ask, you don't get.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Everyone take care and have a great Labor Day weekend!
MSRP: $38174
Selling price: $35323.37
Acq Fee: $700
Doc Fee: $799
Govt. Fee: $587.50
Taxes: $896.01
Rebate: $500
Residual: 62%
MF: .00065
I was quoted after tax monthly payment would be $429 with 0 down. I wonder if the asking price is still a little high.
My questions are:
1. Can I lower the MF with MSDs? He mentioned Lexus sets the MF so i could not lower them.
2. What is the current MF and residual in South FL?
3. Any thoughts on this offer?
Thanks!
1. Yes, 9 MSDs each of which would lower the MF by .00008. Since the MF is so low to begin with, only 7 MSDs would be allowed
2. I agree with the MF and residual
3. I don't track selling prices, so not sure if you can do better on the discount from sticker.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you mention this to the salesman after you're negotiating or during the finance stage?
It's possible the salesman won't even be familiar with this program; the finance person would be your best bet.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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how many MSD's will I be able to apply?
I believe LFS gives .00008 reduction with a maximum of 9 MSDs. That would reduce the MF to .00003, unless LFS has a floor. (.00005, possibly?).
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Numbers good through 9/30.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 is250 awd w nav
located in MO
0down 0 trade
36 mo lease
seems high... Thoughts??
was looking for $400 per month or less based on other posts.
They state payment includes tax
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige