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2013 and earlier Lexus IS 250 / IS 350 Lease Questions

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  • kyfdxkyfdx Moderator Posts: 235,221
    2014 IS350 RWD 36 months 15K miles
    .00110 MF and 62% residual
    27 month residual is 70%

    regards,
    kyfdx

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  • kyfdxkyfdx Moderator Posts: 235,221
    2014 IS350 AWD 27mo, 10K/yr lease
    .00110 MF and 73% residual

    I don't see a 7.5K/yr lease option for Lexus, but if they have one, the residual is likely to be 1% higher than the 10K/yr lease

    regards,
    kyfdx

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  • dimariadimaria Member Posts: 44
    Hello,
    Interested in leasing a 2014 IS250AWD in NJ.
    I know there are programs out there, but I would like to know the numbers behind the numbers.

    Would be able to provide me with the MF and Residual for 27 months, 33 months and 36 months with 10K miles per year.

    Thanks
    JDM
  • kyfdxkyfdx Moderator Posts: 235,221
    2014 IS250 AWD 36mo, 10K/yr lease
    .00110 MF and 66% residual
    33 month residual is 69%
    27 month residual is 74%

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • calimadacalimada Member Posts: 1
    Can anyone let me know if 10.5k for a one pay lease is good for 27 months 12k miles / year on a 2014 48k MSRP IS350FSport?
  • tonfintonfin Member Posts: 3
    edited November 2013
    I just spoke with my dealer and he game me the below information for 2014 Lexus IS250 loaded:
    - MSRP = $44,300
    - MF = 0.00210
    - Miles - 10,000/yr
    - Residual value = $29, 189.82.
    Can you tell me what my monthly payment will be without including tax?
  • crazych42crazych42 Member Posts: 7
    You are missing some info:
    Selling Price
    Term: 27 0r 36 months

    If you are paying MSRP (bad idea) and 27 monthly payments for an AWD it would be: $588/month pre tax or fees.

    For 36 months it would be $572/month pre tax or fees.

    The top tier MF is .00110 so you would be paying almost twice as much interest, which increases payments almost $80/per month.
  • mast1mast1 Member Posts: 3
    edited November 2013
    Hi, I'm talking to a dealer for 2014 IS 350 AWD with F sports package lease and he quoted me 399/month for 27 months with $3500 down including taxes, fees which is almost $1600 and first month payment. Is that a good deal? its for 15K miles/ year. i was hoping to pay not more than $2500 down but they are asking more.
    Please let me know. Thanks in advance!
  • tonfintonfin Member Posts: 3
    Selling price is $43227
    Term is 36 months
    Miles is 10,000

    - Can i add miles without adding to the monthly payment?
    - Is the MF determined by my credit worthiness or a number that lexus comes
    up with?
  • crazych42crazych42 Member Posts: 7
    I'm calculating $543/month plus fees and taxes.

    The MF is set by Lexus and only the top tier credit applicants can get the best rate of .00110. Dealers can also try to mark it up to increase their profit.

    If you add miles it will increase your monthly payment. Residual values are lower for more miles.
  • crazych42crazych42 Member Posts: 7
    You will have to provide more details such as MSRP, selling price of the car, MF, residual percentage... Based on previous posts the MF and residual for this vehicle for 27 months and 15K miles is .00110 and 70%.

    I would recommend against putting anything significant down on a lease. If you are not in NY you can pay down using up to 9 multiple security deposits (MSDs). You get the amount you put down in MSDs back at the end of the lease.

    With that said $399/month is a good price if it works for you.
  • tonfintonfin Member Posts: 3
    Thanks, i now have a better understanding of what i'll be leasing. One more question, Can you explain MSD's to me? As it applys to my lease and how it relates to my monthly payment
  • mast1mast1 Member Posts: 3
    edited November 2013
    Thanks for you reply. Here are the detail that i've from the dealer.
    MSRP: $48827 / Invoice: $46047
    Purchase Price: $44547
    And fees he is charging
    Doc here is 499
    DMV is 418.50
    Lexus Acquisition Fee is 700
    One month payment 399
    Down payment 2000
    so instead of 4000, he is saying give him 3500 total down

    I dont have the MF and residual percentage but yeah it maybe .00110 and 70%.
    I'm in NJ area, so i wont be able to do MSDs?
    Thanks.
  • crazych42crazych42 Member Posts: 7
    Each MSD reduces MF by 0.00007. If you do 9 MSDs it will reduce your MF by .00063. MSDs are calculated from the monthly payment rounding up to the nearest $50 or $100. I'm not 100% sure on the rounding.

    For Example:
    -If monthly payment is $500, then each security deposit will be $500.

    -If payment is $551, then $600

    -If $549, then $550. 9 MSDs in this case would be $4950.

    Using max MSDs will reduce your monthly payment ~$40-$50/month.
  • crazych42crazych42 Member Posts: 7
    That's a pretty good selling price. I believe NJ does do MSDs. The payment might be a little higher by $20-$30/month, but you may want to consider MSDs instead of putting money down that you will never get back...
  • mast1mast1 Member Posts: 3
    Ok thanks for explaining.. I'll ask my dealer about MSDs and see what he says and i'll let you know how it goes.
    Btw, fees of $1500, do they look reasonable to you for Lexus? He said it includes Lexus acquisition fee, DMV and doc fees

    Thanks again
  • crazych42crazych42 Member Posts: 7
    You're welcome. I'm not familiar with NJ DMV fees, but the Lexus acq fee is about right. The doc fees are high but could be normal for your state. The fees in VA are in the $300-400 range.
  • steverstever Guest Posts: 52,454

    Please visit the 2014 Lexus IS 250 Lease Questions discussion or the 2014 Lexus IS 350 Lease Questions discussion for current 2014 model year lease questions.

This discussion has been closed.