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Need Advice on 36 month lease for IS300 F Sport

dprvdprv Posts: 5
edited August 2016 in Lexus
The dealer has offered me the following on a 2016 IS300 F Sport with nav:
-pay off three remaining BMW lease payments of $450.00, for total of $1,350;
-MSRP is $46,925.00
-lease is 36/12K;
-$1,000.00 down;
-MF is .00090
-looks like cap cost is $38,183.00

Monthly payment would be $450.00, and this is with NY taxes.

Is this a reasonable deal? They haven't gotten back to me with residual yet, and of course they're only offering this until 8/31.

Any help would be greatly appreciated! Thanks.

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Answers

  • dprvdprv Posts: 5
    Thank you, I finally received the real numbers from this dealer, and the deal is probably less than okay!

    Adjusted cap cost is $42,079.21
    "Dlr fees and Prod:" $1,199.00

    I can't see explicitly where the $1,350 is buried, but the "amount due at start" is $3,545.87.

    I will wait and look for a better deal on an IS350 F sport, but could you explain the different between total sales tax, which is listed at $1,718 (New York), and the Tax Rate/Amount, which is listed as $1,437.75?

    Again, thanks for your help.

  • kyfdxkyfdx Posts: 128,188
    dprv said:

    Thank you, I finally received the real numbers from this dealer, and the deal is probably less than okay!

    Adjusted cap cost is $42,079.21
    "Dlr fees and Prod:" $1,199.00

    I can't see explicitly where the $1,350 is buried, but the "amount due at start" is $3,545.87.

    I will wait and look for a better deal on an IS350 F sport, but could you explain the different between total sales tax, which is listed at $1,718 (New York), and the Tax Rate/Amount, which is listed as $1,437.75?

    Again, thanks for your help.

    CAP cost reductions and rebates are taxed, as well.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • dprvdprv Posts: 5
    I was just contacted by the internet sales manager at a dealer who claims to have a new 2015 IS350 with luxury package, and navigation with Mark Levinson package. Miles are claimed to be very low (below 100). What sort of discounting can one expect for a new model which is at least a year old? This would be for a 36/12K lease. Thanks!
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