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2013 and earlier Lexus IS 250 / IS 350 Lease Questions
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Comments
.00110 MF and 62% residual
27 month residual is 70%
regards,
kyfdx
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.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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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
.00110 MF and 66% residual
33 month residual is 69%
27 month residual is 74%
regards,
kyfdx
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- 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?
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.
Please let me know. Thanks in advance!
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?
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.
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.
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.
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.
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
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.