2015 Lexus IS 250 Lease Questions

emaw817

Hello all, thank you for the help on leasing! Here is my quote from a dealership in Texas (charges Tax on total price of vehicle)
MSRP: $41,915
Negotiated Price: $36,705
Residual: 65% (24 months = $30,655.62) (36mo. = $27,296.10)
Money Factor: .00090
Cap Cost: $39,406 (TTL, + Fees )

Monthly payments:

$455.41 for 24mo.
$415.03 for 36mo.

$0 down. First months payment on Lexus.
No security deposits...I'm told that it does not effect the money factor, only the residual. Not sure on that.

Deal or no deal?

Michaell

emaw817 said:

Hello all, thank you for the help on leasing! Here is my quote from a dealership in Texas (charges Tax on total price of vehicle)
MSRP: $41,915
Negotiated Price: $36,705
Residual: 65% (24 months = $30,655.62) (36mo. = $27,296.10)
Money Factor: .00090
Cap Cost: $39,406 (TTL, + Fees )

Monthly payments:

$455.41 for 24mo.
$415.03 for 36mo.

$0 down. First months payment on Lexus.
No security deposits...I'm told that it does not effect the money factor, only the residual. Not sure on that.

Deal or no deal?

If I use the negotiated price, I get close to your quoted payments.

Security deposits absolutely affect the MF - the residual is set by the bank and cannot be modified in any way, shape or form.

emaw817

Thanks for the insight! The response was: "Standard rates are open to do so. Standard rates are .00170. You are allowed 9 MSD, so you would still be coming out behind the special rate that Lexus IS offering."

Is this true? My BS meter is going off...

Michaell

emaw817 said:

Thanks for the insight! The response was: "Standard rates are open to do so. Standard rates are .00170. You are allowed 9 MSD, so you would still be coming out behind the special rate that Lexus IS offering."

Is this true? My BS meter is going off...

Check with a couple of other Lexus dealers ... I know that the above is a true statement for MB, but I was under the impression that any MF was open to adjustment by MSD for Lexus.

eddyn1

Hi All,

I'm trying to negotiate a lease deal in FL on a 2015 IS250F no nav. I am looking at a 27 months/12k miles. Do any of you have the RV and MF numbers for a Tier 1+ buyer? Thanks.

Michaell

eddyn1 said:

Hi All,

I'm trying to negotiate a lease deal in FL on a 2015 IS250F no nav. I am looking at a 27 months/12k miles. Do any of you have the RV and MF numbers for a Tier 1+ buyer? Thanks.

.00090 and 71% for 27/12. Complimentary first payment.

emaw817

Just an update, I found a dealership that will indeed apply MSD's to lower the MF. As Michaell suggested, make sure you check in with all the dealerships in the area!

encore72

How's this look? (California)

New 2015 Lexus IS 250 Crafted Line
Term: 24 months
Miles: 10/year
MSRP: $44,960
Selling price: $39,742
Cap cost: $40,522
Residual Value: $33,270
Driveoff: $2k (covers DMV and cap reduction)
Payment: $357/month (Includes tax. Based on Tier 1+ credit).

How does one negotiate additional mileage into a lease ($12,000 or $15,000)? How does that usually affect overall cost and monthly?

Michaell

encore72 said:

How's this look? (California)

New 2015 Lexus IS 250 Crafted Line
Term: 24 months
Miles: 10/year
MSRP: $44,960
Selling price: $39,742
Cap cost: $40,522
Residual Value: $33,270
Driveoff: $2k (covers DMV and cap reduction)
Payment: $357/month (Includes tax. Based on Tier 1+ credit).

How does one negotiate additional mileage into a lease ($12,000 or $15,000)? How does that usually affect overall cost and monthly?

Well, it looks pretty good, since I'm getting just over $400/mo with 9% tax using your numbers.

If you want 12K or 15K miles per year, the residual percentage would go down (1% for 12K, 3% for 15K) and the payment would increase slightly.

ndjc15

Wondering if I'm getting a good deal or not...

New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit

Michaell

ndjc15 said:

Wondering if I'm getting a good deal or not... New 2015 Lexus IS250 - No Nav Term: 36months Miles: 12K/yr Selling price: 37,298.57 Cap Cost: 37,998.57 Residual Value: 24,803.57 Money Down: 0 Monthly Payment: $450.55 (including FL 6% tax) Accesseries included by dealer: 3M Scotch Guard $995 value Dealer is sending me check: $2,100 Tier 1 Credit

I'm getting $464 with tax. 

i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20

ndjc15

Michaell said:

ndjc15 said:

Wondering if I'm getting a good deal or not...

New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit

I'm getting $464 with tax. 

i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20





The dealer is including the Scotch Guard for "free". It didn't change my payment.

Michaell

ndjc15 said:

Michaell said:

ndjc15 said:

Wondering if I'm getting a good deal or not...

New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit

I'm getting $464 with tax. 

i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20

The dealer is including the Scotch Guard for "free". It didn't change my payment.


OK, seems to be a good deal, given that my calculations are higher than the dealers.

ndjc15

ndjc15 said:

Michaell said:

ndjc15 said:

Wondering if I'm getting a good deal or not...

New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit

I'm getting $464 with tax. 

i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20

The dealer is including the Scotch Guard for "free". It didn't change my payment.





Thank you! I declined the deal and they countered with the fully loaded FSport ($5,000 more MSRP) with red interior for $50 more per month and they would still send me $2100 cash.

Michaell

ndjc15 said:

ndjc15 said:

Michaell said:

ndjc15 said:

Wondering if I'm getting a good deal or not...

New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit

I'm getting $464 with tax. 

i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20

The dealer is including the Scotch Guard for "free". It didn't change my payment.

Thank you! I declined the deal and they countered with the fully loaded FSport ($5,000 more MSRP) with red interior for $50 more per month and they would still send me $2100 cash.

Sounds good .. care to share the numbers with us?

mcx

Hello,

I am looking for April 2015 MF and Residual on a 2015 Lexus IS250 with Premium Package & Backup Camera only. 12K & 15K @ 36mos. I live in GA. Thanks!

Michaell

mcx said:

Hello,

I am looking for April 2015 MF and Residual on a 2015 Lexus IS250 with Premium Package & Backup Camera only. 12K & 15K @ 36mos. I live in GA. Thanks!

No April numbers yet .. perhaps later this week.

mcx

Michaell said:

mcx said:

Hello,

I am looking for April 2015 MF and Residual on a 2015 Lexus IS250 with Premium Package & Backup Camera only. 12K & 15K @ 36mos. I live in GA. Thanks!

No April numbers yet .. perhaps later this week.

I see April national lease offers have been posted to the Lexus website now - have the overall lease numbers become available yet? Thanks!

escalade24

When you guys get a chance could you post April's numbers, pretty sure 36/10 residual is 64% but unsure of MF. Is Lexus still covering the first month payment? Thanks!

kyfdx

mcx said:

Michaell said:

mcx said:

Hello,

I am looking for April 2015 MF and Residual on a 2015 Lexus IS250 with Premium Package & Backup Camera only. 12K & 15K @ 36mos. I live in GA. Thanks!

No April numbers yet .. perhaps later this week.

I see April national lease offers have been posted to the Lexus website now - have the overall lease numbers become available yet? Thanks!

.00070 MF and 64%/62% residual. $500 lease cash.

kyfdx

escalade24 said:

When you guys get a chance could you post April's numbers, pretty sure 36/10 residual is 64% but unsure of MF. Is Lexus still covering the first month payment? Thanks!

.00070 MF and 65% residual. $500 lease cash..

Complimentary 1st payments are gone.

escalade24

I'm so sorry, but just to make sure is that 65% for 36/10 on AWD is250? Thank you so much as usual!

Michaell

escalade24 said:

I'm so sorry, but just to make sure is that 65% for 36/10 on AWD is250? Thank you so much as usual!

AWD and RWD have the same residuals. 

titanci

i think i may have jumped the gun too soon and not done enough homework regarding leasing. 

Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.

Michaell

titanci said:

i think i may have jumped the gun too soon and not done enough homework regarding leasing. 

Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.

Yes the MF was marked up on you for a bit of extra profit for the dealer. 

If if you've taken delivery I don't believe there is much you can do. 

We will still be here in three years; check in with us before you make your next deal. 

In the meantime, enjoy driving your Lexus every single day. 

titanci

Michaell said:

titanci said:

i think i may have jumped the gun too soon and not done enough homework regarding leasing. 

Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.

Yes the MF was marked up on you for a bit of extra profit for the dealer. 

If if you've taken delivery I don't believe there is much you can do. 

We will still be here in three years; check in with us before you make your next deal. 

In the meantime, enjoy driving your Lexus every single day. 

Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases. 

Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?

should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?

thanks!

Michaell

titanci said:

Michaell said:

titanci said:

i think i may have jumped the gun too soon and not done enough homework regarding leasing. 

Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.

Yes the MF was marked up on you for a bit of extra profit for the dealer. 

If if you've taken delivery I don't believe there is much you can do. 

We will still be here in three years; check in with us before you make your next deal. 

In the meantime, enjoy driving your Lexus every single day. 

Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases. 

Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?

should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?

thanks!

It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.

At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.

titanci

Michaell said:

titanci said:

Michaell said:

titanci said:

i think i may have jumped the gun too soon and not done enough homework regarding leasing. 

Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.

Yes the MF was marked up on you for a bit of extra profit for the dealer. 

If if you've taken delivery I don't believe there is much you can do. 

We will still be here in three years; check in with us before you make your next deal. 

In the meantime, enjoy driving your Lexus every single day. 

Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases. 

Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?

should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?

thanks!

It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.

At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.

Thanks for the insight. Let's assume the miles are kept low and the car is in excellent condition. I mean excellent...

How accurate are the residual values that Lexus proposes? I guess this isn't what I am understanding...maybe I'm thinking worst case scenario...

Residual value: $29246

If the dealer buys the car back, does the dealer sell it at $29246, and someone negotiates it to have it less than that? Or does dealer buy it, mark it for more than 29246, but hopes to sell it closer to the 29246 mark?

Michaell

titanci said:

Michaell said:

titanci said:

Michaell said:

titanci said:

i think i may have jumped the gun too soon and not done enough homework regarding leasing. 

Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.

Yes the MF was marked up on you for a bit of extra profit for the dealer. 

If if you've taken delivery I don't believe there is much you can do. 

We will still be here in three years; check in with us before you make your next deal. 

In the meantime, enjoy driving your Lexus every single day. 

Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases. 

Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?

should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?

thanks!

It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.

At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.

Thanks for the insight. Let's assume the miles are kept low and the car is in excellent condition. I mean excellent...

How accurate are the residual values that Lexus proposes? I guess this isn't what I am understanding...maybe I'm thinking worst case scenario...

Residual value: $29246

If the dealer buys the car back, does the dealer sell it at $29246, and someone negotiates it to have it less than that? Or does dealer buy it, mark it for more than 29246, but hopes to sell it closer to the 29246 mark?


How accurate are the residuals? It depends .. some banks may inflate the residual to make the lease payments more attractive. Which means your car will be worth less than that amount at the end of the lease. If so, walk away and buy a CPO car for a price closer to the actual value. Banks have insurance to protect them against the difference between the true price and the residual price.

And, the dealer has to buy the car from the bank, not from you. A bit of a mystery if there is any discounting that goes on between the two entities - we'll never know.

ndjc15

I'm back! Decided to return the the base model IS250 I purchased in March. Now I'm looking at the IS250 F Sport. Please let me know if this is a good deal...

The car has the ventilated seats, blind spot monitor, nav, red interior.

Here are the numbers:
Term: 35months
Miles: 10K/yr
MF: .00092
Selling price: 43,381.84
Cap Cost: 42,667.13
Residual Value: 28,057.25
Money Down: 0
Monthly Payment: $500.00 (including FL 6% tax)
Dealer incentives: $2100 cash back and 3M Guard ($995 value)
Tier 1 Credit

Thoughts?

Michaell

ndjc15 said:

I'm back! Decided to return the the base model IS250 I purchased in March. Now I'm looking at the IS250 F Sport. Please let me know if this is a good deal...

The car has the ventilated seats, blind spot monitor, nav, red interior.

Here are the numbers:
Term: 35months
Miles: 10K/yr
MF: .00092
Selling price: 43,381.84
Cap Cost: 42,667.13
Residual Value: 28,057.25
Money Down: 0
Monthly Payment: $500.00 (including FL 6% tax)
Dealer incentives: $2100 cash back and 3M Guard ($995 value)
Tier 1 Credit

Thoughts?

I show $495/mo with tax, so pretty close to your quote.

renegademasta

Hi All,

I got this deal today, what are people's thoughts?

All prices are including tax (CT):

MSRP: 41225
Selling Price: 36674 (I think, maybe this went down after negotiating lease payments down)
Down: 2000 (This includes first payment, taxes, title, registration etc - i.e. total money out of pocket)
24 months /10k per year
310 per month

It seems like a good deal. If I changed it to 12k miles per year, how much extra should that be ?

Michaell

renegademasta said:

Hi All,

I got this deal today, what are people's thoughts?

All prices are including tax (CT):

MSRP: 41225
Selling Price: 36674 (I think, maybe this went down after negotiating lease payments down)
Down: 2000 (This includes first payment, taxes, title, registration etc - i.e. total money out of pocket)
24 months /10k per year
310 per month

It seems like a good deal. If I changed it to 12k miles per year, how much extra should that be ?

With your numbers, along with the 24/10 residual of 73% and base MF of .00090, I get a pre-tax payment of $334.25; you have a good deal by comparison.

Any of the $2000 up front going to cap cost reduction?

renegademasta

So I believe that the 2000 initial payment is 310 first month, around 1300 in all fees, registration etc, so I guess around 400 going to cap cost reduction.

akrkwk

24mo/15k lease rates available? And MF?
so if im putting 9 x MSDs on aprils MF .00080

does that mean i can get 0.00002?  

I leased my 2015 is250 F sport wht/red fullyloaded  minus ML and lane assist 15k/24mo
back in dec with $0 drive off but with $1000 new grad incentive and 9MSDs for $356 (9% tax included)

im trying to get out of this lease to either go with is350 or RC350   Is250 is way too slow

Michaell

akrkwk said:

24mo/15k lease rates available? And MF?
so if im putting 9 x MSDs on aprils MF .00080

does that mean i can get 0.00002?  

I leased my 2015 is250 F sport wht/red fullyloaded  minus ML and lane assist 15k/24mo
back in dec with $0 drive off but with $1000 new grad incentive and 9MSDs for $356 (9% tax included)

im trying to get out of this lease to either go with is350 or RC350   Is250 is way too slow

24/15 for IS250 is 70% and .00090. $500 lease cash.

greener78

Hi All,

I've been meaning to jump on this to get feedback on my deal from a few weeks ago.

I leased a 2015 IS 250 AWD with luxury and navigation packages

MSRP 46757
Sell price 41000
Down 0
No trade in

36 months, 12K per year

368 per month including MA sales tax.

How'd I do

Michaell

greener78 said:

Hi All,

I've been meaning to jump on this to get feedback on my deal from a few weeks ago.

I leased a 2015 IS 250 AWD with luxury and navigation packages

MSRP 46757
Sell price 41000
Down 0
No trade in

36 months, 12K per year

368 per month including MA sales tax.

How'd I do

I'd say you did real well ... $368/mo for a car that stickers at almost $47K is good.

raysup

Hello All,

Looking for MF and RV for 27/7500 & 27/10k

Thanks in advance

Michaell

raysup said:

Hello All,

Looking for MF and RV for 27/7500 & 27/10k

Thanks in advance

27/10 numbers - .00090 and 71%. Add 1% for 7500 miles per year. $500 lease cash.

raysup

Michaell said:

raysup said:

Hello All,

Looking for MF and RV for 27/7500 & 27/10k

Thanks in advance

27/10 numbers - .00090 and 71%. Add 1% for 7500 miles per year. $500 lease cash.

Any idea what the Tier-1 MF is?

Michaell

raysup said:

Michaell said:

raysup said:

Hello All,

Looking for MF and RV for 27/7500 & 27/10k

Thanks in advance

27/10 numbers - .00090 and 71%. Add 1% for 7500 miles per year. $500 lease cash.

Any idea what the Tier-1 MF is?

.00100

benjamin9876

Can I get number for 24/12k and 36/12k?
And may I know the MF? Tier 1. And if that stay the same for either 24 month or 36 month?

And how is the 500 lease cash work? Does it apply after we negotiate or to the msrp?


New to lease car. Thanks for the info.

Michaell

benjamin9876 said:

Can I get number for 24/12k and 36/12k?
And may I know the MF? Tier 1. And if that stay the same for either 24 month or 36 month?

And how is the 500 lease cash work? Does it apply after we negotiate or to the msrp?


New to lease car. Thanks for the info.

Top tier MF is .00090

24/12 residual is 72%; 36/12 is 64%

Lease cash can be used to reduce the selling price you've negotiated, or to cover the up front costs of the lease.

gvillega

Hello I was quoted for 2015 IS250 FSport "no navigation" (by request) i dont want or need it. MsRp $42,419.00, selling price around $38,900.00 (dont have exact number) 36 months 12k mi per year, residual 65% don't know money factor. Zero down $436.53 mth. Includes taxes. Any feedback would help

gvillega

So am i getting a good offer?

Michaell

gvillega said:

Hello I was quoted for 2015 IS250 FSport "no navigation" (by request) i dont want or need it. MsRp $42,419.00, selling price around $38,900.00 (dont have exact number) 36 months 12k mi per year, residual 65% don't know money factor. Zero down $436.53 mth. Includes taxes. Any feedback would help

36/12 numbers are .00090 and 64%. With your MSRP and selling price I get a pre-tax payment of $385.88.

What state and tax rate?

gvillega

State is Florida, im guessing the tax is 6%

gvillega

The dealer mentioned the residual was 65% how does that differ with 64%

Michaell

gvillega said:

The dealer mentioned the residual was 65% how does that differ with 64%

65% is the 10k residual. 

Dealer may be marking up the MF.