2016 Lexus ES 350 Lease Questions.

skinnydealpls

I see the 2015 forum but was wondering if a 2016 ES350 Lexus leasing forum exists? Also does Southeast Toyota own rights to Lexus as well in Florida?

stever

There is now - edited your original title.

Good question about Lexus - their job listing at CareerBuilder talks about processing Lexus cars for distribution to SET dealers. On the other hand, JM Lexus is not part of the Southeast Toyota region. (autonews) But if you buy/lease from a JM dealer, well you are dealing with the same folks as SET.

I don't know...it doesn't sound like SET distributes Lexus cars, just Toyotas and Scions. (wiki)

kyfdx

skinnydealpls said:

I see the 2015 forum but was wondering if a 2016 ES350 Lexus leasing forum exists? Also does Southeast Toyota own rights to Lexus as well in Florida?

As @stever noted, Lexus vehicles are not part of SET.

2016 ES350 36mo, 7.5K/yr

.00070 MF and 64% residual. $500 lease cash + complimentary 1st payment

Subtract 1% for 10K/yr

skinnydealpls

I know they are doing strong 2015 2yr low mile leases on the GS. Didn't know if you knew the difference between the 2015 and 2016 GS 7.5k/24mo rates and residuals? Also if there is a similar 24mo/7.5k lease on the 2016 ES350?

kyfdx

skinnydealpls said:

I know they are doing strong 2015 2yr low mile leases on the GS. Didn't know if you knew the difference between the 2015 and 2016 GS 7.5k/24mo rates and residuals? Also if there is a similar 24mo/7.5k lease on the 2016 ES350?

24mo, 7.5K/yr residual for the 2016 ES 350 is 72%.

Please look for the GS discussion for GS rates.

sub780lime

Anyone know what the current money factor is (December 2015)? Also, I assume, as of tomorrow, the money factor will change, so if someone is reading this on Jan 1, what's the current money factor as of Jan 2016?

Michaell

sub780lime said:

Anyone know what the current money factor is (December 2015)? Also, I assume, as of tomorrow, the money factor will change, so if someone is reading this on Jan 1, what's the current money factor as of Jan 2016?

.00070. Lexus numbers are valid through 1/4/16.

radiourbdag

Did a sign and drive lease today. Here are the details

2016 ES350 Luxury package, Nav,
MSRP: $45,500
Net Capitalized cost: $41,638 (includes everything, license, registration, initiatio fee, doc fee, rebates, first month free ...)
Cash Due at Signing: $0
MSD: $3,360
MF: 0.00006
Monthly Including Taxes: $386.94
Lease Term: 36 Months/10K Miles Per year
Lease Payments: 35

Michaell

radiourbdag said:

Did a sign and drive lease today. Here are the details

2016 ES350 Luxury package, Nav,
MSRP: $45,500
Net Capitalized cost: $41,638 (includes everything, license, registration, initiatio fee, doc fee, rebates, first month free ...)
Cash Due at Signing: $0
MSD: $3,360
MF: 0.00006
Monthly Including Taxes: $386.94
Lease Term: 36 Months/10K Miles Per year
Lease Payments: 35

Solid deal! Congrats and enjoy the new ES...

samy364

Are the January numbers available yet for 36/10k?

Michaell

samy364 said:

Are the January numbers available yet for 36/10k?

.00065 and 62%. $500 lease cash.

samy364

Michaell said:

samy364 said:

Are the January numbers available yet for 36/10k?

.00065 and 62%. $500 lease cash.

Thanks Michaell
With the slight drop in residual and the first payment credit gone, the monthly payment jumped up by about $30. Kinda wish I pulled the trigger on the 4th.

Michaell

samy364 said:

Michaell said:

samy364 said:

Are the January numbers available yet for 36/10k?

.00065 and 62%. $500 lease cash.

Thanks Michaell
With the slight drop in residual and the first payment credit gone, the monthly payment jumped up by about $30. Kinda wish I pulled the trigger on the 4th.

Sadly, that happens at times.

If you aren't in the market immediately, perhaps you can wait and see what happens next month.

joegolfs

Wanted to get MF and residuals for ES-350 36 months / 15k per year for Massachusetts.
Also, any insight into what a reasonable amount of discount of MSRP would be. Looking at a pretty loaded ES-350 with MSRP of $46,764. Thanks in advance for your assistance.

Michaell

joegolfs said:

Wanted to get MF and residuals for ES-350 36 months / 15k per year for Massachusetts.
Also, any insight into what a reasonable amount of discount of MSRP would be. Looking at a pretty loaded ES-350 with MSRP of $46,764. Thanks in advance for your assistance.

2016 ES350 - 59% and .00065. $500 lease cash.

We can't help you with transaction prices - use the "make / model / year" pull downs at the top of the page to link to the price tools.

scottinlutzfl

Can you please help me with the residual and MF for 2016 ES350 24/7.5K miles and 24/10K miles in Florida. Are there any lease incentives in Florida for Jan 2016?

Thanks.

kyfdx

scottinlutzfl said:

Can you please help me with the residual and MF for 2016 ES350 24/7.5K miles and 24/10K miles in Florida. Are there any lease incentives in Florida for Jan 2016?

Thanks.

.00065 MF and 70%/69% residual. $500 lease cash.

ntsmooth

Hello! I am considering leasing the 2016 ES350 in Dallas, TX area. Any idea on the residual and MF for 36mo/10k year lease? Also, any incentives that you're aware of? Thanks!

kyfdx

ntsmooth said:

Hello! I am considering leasing the 2016 ES350 in Dallas, TX area. Any idea on the residual and MF for 36mo/10k year lease? Also, any incentives that you're aware of? Thanks!

.00065 MF and 62% residual. $500 lease cash

skinnydealpls

Florida lease ES350 3yr, 7.5k please provide MF and residual

Michaell

skinnydealpls said:

Florida lease ES350 3yr, 7.5k please provide MF and residual

63% and .00065. $500 lease cash.

jboomz

Could you please help me with the MF and Residual - 2016 ES350 36/15K mile lease for Feb (Rates valid through?) in New Hampshire.
Thanks..

kyfdx

jboomz said:

Could you please help me with the MF and Residual - 2016 ES350 36/15K mile lease for Feb (Rates valid through?) in New Hampshire.
Thanks..

.00070 MF and 59% residual. $500 lease cash

jboomz

.00070 MF and 59% residual. $500 lease cash

Went to a local dealer last week and they came back with a money factor of .0011 is there a way or place to actually see the base money factor from the dealer? Suggestions on tactfully negotiating that down?

Michaell

jboomz said:

.00070 MF and 59% residual. $500 lease cash

Went to a local dealer last week and they came back with a money factor of .0011 is there a way or place to actually see the base money factor from the dealer? Suggestions on tactfully negotiating that down?

Politely but firmly tell them you won't sign a deal with an inflated MF. They know what the base rate is.

Reach out to other dealers, too.

mynamesperson

i need help with my 2016 es350 lease deal...will somebody reach out to me that has already gotten a good lease rate! please.

Michaell

mynamesperson said:

i need help with my 2016 es350 lease deal...will somebody reach out to me that has already gotten a good lease rate! please.

What are you trying to figure out?

jboomz

Hello, anyone have numbers available for March/April?
MF and Residual - 2016 ES350 36/15K mile lease in New Hampshire.

And....anyone have details on Lexus "Command Performance" spring sales event?

Thanks!

Michaell

jboomz said:

Hello, anyone have numbers available for March/April?
MF and Residual - 2016 ES350 36/15K mile lease in New Hampshire.

And....anyone have details on Lexus "Command Performance" spring sales event?

Thanks!

Should see March numbers later this week.

No incentive info yet, either.

jboomz

When available if anyone can post March/April MF and Residual for a 2016 ES350 36/15K mile lease in New Hampshire that would be awesome.... Thanks

Michaell

jboomz said:

When available if anyone can post March/April MF and Residual for a 2016 ES350 36/15K mile lease in New Hampshire that would be awesome.... Thanks

.00070 and 59%

jboomz

Thanks for all the information.
Left an order deposit on 2106 ES 350.
MSRP 49544.00
Vehicle has been secured. Production date of March 30th, should arrive at dealership end of April.
Dealership says they cant contract the vehicle until it arrives. Hope mf and residuals hold.

Michaell

jboomz said:

Thanks for all the information.
Left an order deposit on 2106 ES 350.
MSRP 49544.00
Vehicle has been secured. Production date of March 30th, should arrive at dealership end of April.
Dealership says they cant contract the vehicle until it arrives. Hope mf and residuals hold.

They may change, but probably not enough to materially change the deal.

jboomz

Michaell said:

jboomz said:

Thanks for all the information.
Left an order deposit on 2106 ES 350.
MSRP 49544.00
Vehicle has been secured. Production date of March 30th, should arrive at dealership end of April.
Dealership says they cant contract the vehicle until it arrives. Hope mf and residuals hold.

They may change, but probably not enough to materially change the deal.

If you don't mind sounds like I may need to hit you up for April's numbers when available.

Michaell

jboomz said:

Michaell said:

jboomz said:

Thanks for all the information.
Left an order deposit on 2106 ES 350.
MSRP 49544.00
Vehicle has been secured. Production date of March 30th, should arrive at dealership end of April.
Dealership says they cant contract the vehicle until it arrives. Hope mf and residuals hold.

They may change, but probably not enough to materially change the deal.

If you don't mind sounds like I may need to hit you up for April's numbers when available.

Check back then ... we should have both new residuals (Lexus updates quarterly) and MF.

warriors510

Hi,
What is the residual and money factor for 36mths/10K or 7.5K in Northern CA for Lexus ES350? Does the different packages matter e.g. premium, luxury, etc.?

Any incentives/lease cash? The Lexus site is advertising a 1st month complimentary payment.

Michaell

warriors510 said:

Hi,
What is the residual and money factor for 36mths/10K or 7.5K in Northern CA for Lexus ES350? Does the different packages matter e.g. premium, luxury, etc.?

Any incentives/lease cash? The Lexus site is advertising a 1st month complimentary payment.

63% and .00070 for 36/10. Add 1% for 7.5K.

$500 lease cash and complimentary first payment.

Individual packages and options do not affect these numbers.

warriors510

Thanks for the info!

How much is the dealer allowed to mark-up the money factor?

Regarding MSDs, is it still 1 MSD reduces the money factor by 0.00008? And maximum is 9 MSDs for Lexus? And the minimum money factor is 0.00005?

Michaell

warriors510 said:

Thanks for the info!

How much is the dealer allowed to mark-up the money factor?

Regarding MSDs, is it still 1 MSD reduces the money factor by 0.00008? And maximum is 9 MSDs for Lexus? And the minimum money factor is 0.00005?

Maximum .00100 markup allowed.

I confirm a maximum of 9 MSDs, each of which lower the MF by .00008, and a minimum MF of .00001

warriors510

Thank you!!

randomsn100

Looking at an ES350 and they're asking for a "due at signing" amount.

If you roll the fees into the lease to avoid out of pocket costs, and car is stolen or totaled, are you still responsible for the fees?

Michaell

randomsn100 said:

Looking at an ES350 and they're asking for a "due at signing" amount.

If you roll the fees into the lease to avoid out of pocket costs, and car is stolen or totaled, are you still responsible for the fees?

It's part of the amount financed and would be covered by GAP insurance.

jak5150

Can you please help me with the residual and MF for 2016 ES350 36/10k and 36/12K miles in Northwest Indiana (30 miles from Chicago)? Are there any lease incentives in March 2016? I see there is a complimentary first month's payment. Thank you!

kyfdx

jak5150 said:

Can you please help me with the residual and MF for 2016 ES350 36/10k and 36/12K miles in Northwest Indiana (30 miles from Chicago)? Are there any lease incentives in March 2016? I see there is a complimentary first month's payment. Thank you!

.00040 MF and 62%/61% residual. $500 lease cash + complimentary first payment.

randomsn100

Are Lexus number regional? I'm in PA.

I was given 62% residual and .0007 for 36/10

Michaell

randomsn100 said:

Are Lexus number regional? I'm in PA.

I was given 62% residual and .0007 for 36/10

Lexus numbers are regional, but we don't have all regions.

I confirm the 62% residual for 36/10. I show .00040 MF for the ES350 in the "Central" area, and .00070 for the "Southern" area.

Contact several Lexus dealers near you and see if they all provide the same number.

warriors510

Michaell said:

warriors510 said:

Thanks for the info!

How much is the dealer allowed to mark-up the money factor?

Regarding MSDs, is it still 1 MSD reduces the money factor by 0.00008? And maximum is 9 MSDs for Lexus? And the minimum money factor is 0.00005?

Maximum .00100 markup allowed.

I confirm a maximum of 9 MSDs, each of which lower the MF by .00008, and a minimum MF of .00001

hi Michael, kyfdx, and other experts,

Seems like dealers here like to mark up the money factor. One quoted with with the max markup, MF= 0.0017! Thanks to Edmunds, I'm no easy prey.

I am wondering if it's better to state upfront in the initial email what I think the money factor should be. Or do I need to play this song and dance with each dealer?

Thanks!

Michaell

warriors510 said:

Michaell said:

warriors510 said:

Thanks for the info!

How much is the dealer allowed to mark-up the money factor?

Regarding MSDs, is it still 1 MSD reduces the money factor by 0.00008? And maximum is 9 MSDs for Lexus? And the minimum money factor is 0.00005?

Maximum .00100 markup allowed.

I confirm a maximum of 9 MSDs, each of which lower the MF by .00008, and a minimum MF of .00001

hi Michael, kyfdx, and other experts,

Seems like dealers here like to mark up the money factor. One quoted with with the max markup, MF= 0.0017! Thanks to Edmunds, I'm no easy prey.

I am wondering if it's better to state upfront in the initial email what I think the money factor should be. Or do I need to play this song and dance with each dealer?

Thanks!

You politely but firmly tell the dealers that you won't sign a deal with a marked up MF. Then, widen your search of dealers. It only takes one to make a deal on your terms.

randomsn100

I picked up an ES 350 last night.

Here are the details for those in the market.

MSRP 43,710
Selling Price - 41,065
Net Cap Cost - 40,165
MF - .00006
Residual - 62% (27,100)
Due at signing - 3700 (8 MSDs at 3200 and additional 500)
Monthly - 399.99 with tax

I tried to avoid paying the 500, but this was the best I was able to negotiate. Thanks for all of the information here. Really helps with getting a deal you're comfortable with.

Michaell

randomsn100 said:

I picked up an ES 350 last night.

Here are the details for those in the market.

MSRP 43,710
Selling Price - 41,065
Net Cap Cost - 40,165
MF - .00006
Residual - 62% (27,100)
Due at signing - 3700 (8 MSDs at 3200 and additional 500)
Monthly - 399.99 with tax

I tried to avoid paying the 500, but this was the best I was able to negotiate. Thanks for all of the information here. Really helps with getting a deal you're comfortable with.

Congrats! Thanks for sharing your deal details with us.

carguy221

Good afternoon!

May I please have numbers for a 2016 ES 350 in Michigan for 36/12k.

Thanks so much!