L/Certified LC500 lease question

frankrizzo

Hey guys,

I'd like to know how Lexus handles leasing of L/Certified vehicles. More to the point, I'd like the current info on leasing an L/Certified LC500. Money factor, residual, all the normal stuff one would need to plug into their leasing calculator to run scenarios, and see what makes sense.

If it helps, I'm interested in an LC with Performance package, Convenience package, All-Weather package, and Color HUD.

Thanks!
-Frank

frankrizzo

SEVERAL dealers contacted, quotes are based on 36 month, 10K miles per year.

• 1st dealer, .00245 money factor (aka 5.88%), and 41.37% residual
  
• 2nd dealer, .00215 money factor (aka 5.16%), and 40.99% residual
  
• 3rd dealer, .00220 money factor (aka 5.28%), and 41.34% residual
  
• 4th dealer, .00215 money factor (aka 5.16%), and 41.50% residual
  

Getting this data was like trying to get into area 51. Some of these dealers required 5-6 e-mails to finally give up the info.

kyfdx

frankrizzo said:

Hey guys,

I'd like to know how Lexus handles leasing of L/Certified vehicles. More to the point, I'd like the current info on leasing an L/Certified LC500. Money factor, residual, all the normal stuff one would need to plug into their leasing calculator to run scenarios, and see what makes sense.

If it helps, I'm interested in an LC with Performance package, Convenience package, All-Weather package, and Color HUD.

Thanks!
-Frank

I'm sorry, but we don't have any information on CPO leases. There are too many variables compared to leasing a new car (condition, mileage, equipment, etc) for us to have any meaningful input.

The first thing to do is to compare the costs to leasing a brand new model. If it's not substantially cheaper, then take a pass.

frankrizzo

kyfdx said:

The first thing to do is to compare the costs to leasing a brand new model. If it's not substantially cheaper, then take a pass.

Yes, I agree! Thus the reason I'm asking for info here. Since you guys don't HAVE the info, I'm going to spam every dealer that has an L/Certified LC500 for lease info, and see if there is any commonality between it. I'll report back on my findings.

Michaell

frankrizzo said:

kyfdx said:

The first thing to do is to compare the costs to leasing a brand new model. If it's not substantially cheaper, then take a pass.

Yes, I agree! Thus the reason I'm asking for info here. Since you guys don't HAVE the info, I'm going to spam every dealer that has an L/Certified LC500 for lease info, and see if there is any commonality between it. I'll report back on my findings.

I'm sure there are guidelines for MF and residual, but we don't have that information. It's not completely the wild west when it comes to leasing CPO Lexus vehicles.

Michaell

frankrizzo said:

SEVERAL dealers contacted, quotes are based on 36 month, 10K miles per year.

• 1st dealer, .00245 money factor (aka 5.88%), and 41.37% residual
  
• 2nd dealer, .00215 money factor (aka 5.16%), and 40.99% residual
  
• 3rd dealer, .00220 money factor (aka 5.28%), and 41.34% residual
  
• 4th dealer, .00215 money factor (aka 5.16%), and 41.50% residual
  

Getting this data was like trying to get into area 51. Some of these dealers required 5-6 e-mails to finally give up the info.

None of those numbers look very good.

frankrizzo

Agreed! Compared to the NEW leases with 53% residuals, and .00001 money factors.

isellhotels

Any further updates on MF and residuals from Lexus? a friend of mine is looking a heavily optioned model for $1,142.78/month for 36 months with $11,063.30 due at signing including $0.00 Security Deposit and 10,000.00 miles per year. I told him to request the MF and residuals but if there is nothing to compare them too...

kyfdx

isellhotels said:

Any further updates on MF and residuals from Lexus? a friend of mine is looking a heavily optioned model for $1,142.78/month for 36 months with $11,063.30 due at signing including $0.00 Security Deposit and 10,000.00 miles per year. I told him to request the MF and residuals but if there is nothing to compare them too...

No... we don't have lease information on CPO models.

I sure wouldn't want to put $11K upfront on a lease, though.
What is the price of the vehicle?
How many months?

isellhotels

kyfdx said:

isellhotels said:

Any further updates on MF and residuals from Lexus? a friend of mine is looking a heavily optioned model for $1,142.78/month for 36 months with $11,063.30 due at signing including $0.00 Security Deposit and 10,000.00 miles per year. I told him to request the MF and residuals but if there is nothing to compare them too...

No... we don't have lease information on CPO models.

I sure wouldn't want to put $11K upfront on a lease, though.
What is the price of the vehicle?
How many months?

It's not CPO it's brand new. It's the Inspiration LC 500 limited to 100 vehicle production. Any number you could share would be helpful.

Michaell

isellhotels said:

kyfdx said:

isellhotels said:

Any further updates on MF and residuals from Lexus? a friend of mine is looking a heavily optioned model for $1,142.78/month for 36 months with $11,063.30 due at signing including $0.00 Security Deposit and 10,000.00 miles per year. I told him to request the MF and residuals but if there is nothing to compare them too...

No... we don't have lease information on CPO models.

I sure wouldn't want to put $11K upfront on a lease, though.
What is the price of the vehicle?
How many months?

It's not CPO it's brand new. It's the Inspiration LC 500 limited to 100 vehicle production. Any number you could share would be helpful.

I see you've posted in the LC lease thread. We'll get your answer over there

afmach

When do the 2019 LC500 come out?

Michaell

afmach said:

When do the 2019 LC500 come out?

Don't know.