Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

Lexus es300 h

csn1285csn1285 Posts: 7
edited September 2018 in Lexus
Looking at 2019 lexus es 300h . Msrp 48499. 12k 36mo 2000. down. Money factor and residuel? or what would be fair lease payment. No tax in 29803 zip

Comments

  • MichaellMichaell ColoradoPosts: 116,811
    csn1285 said:

    Looking at 2019 lexus es 300h . Msrp 48499. 12k 36mo 2000. down. Money factor and residuel? or what would be fair lease payment. No tax in 29803 zip

    .00045 and 55%
    Need the selling price to calculate a lease payment

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sale price is 46499 what would lease payment be
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    csn1285 said:

    sale price is 46499 what would lease payment be

    $584/mo, assuming 1st payment and all fees are paid upfront. (you'll have to figure out if that adds up to $2000)

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

    Edmunds Moderator

  • Dealer indicates money factor is .00085. When you put 2000 down does that
    go toward the fees or fees in addition to that. So if $1980 in fees would my 2000 down cover that or do I have to come up with 3980? what would lease be using .00085 money factor.
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    edited September 2018
    csn1285 said:

    Dealer indicates money factor is .00085. When you put 2000 down does that
    go toward the fees or fees in addition to that. So if $1980 in fees would my 2000 down cover that or do I have to come up with 3980? what would lease be using .00085 money factor.

    I didn't factor any extra from your upfront money into the payment calculation.

    Typical upfronts
    $795 acquisition fee
    DMV fees
    Tax (even SC has some sort of fee, in lieu of tax.. $500?)
    1st payment

    If they are using .00085, then that's marked up. Would add $30/mo. or so, to the payment

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

    Edmunds Moderator

  • Thanks. $500 is tax. So can I argue that the money factor is marked up. Would I need to get the money factor from another dealer or how would I go about that? Finally I used a formula I found online to figure out what the lease payment should be--purchase price, residual value, gross cap cost, adjusted cap, depreciation, base payment and rent. Should I fill it all in and in negotiations say here it is and that is what I want. Purchase price came down another $200.00 to 46,299.00
  • MichaellMichaell ColoradoPosts: 116,811
    csn1285 said:

    Thanks. $500 is tax. So can I argue that the money factor is marked up. Would I need to get the money factor from another dealer or how would I go about that? Finally I used a formula I found online to figure out what the lease payment should be--purchase price, residual value, gross cap cost, adjusted cap, depreciation, base payment and rent. Should I fill it all in and in negotiations say here it is and that is what I want. Purchase price came down another $200.00 to 46,299.00

    Simply tell them you want the base MF, or you walk. They know what the base rate is. If they refuse, find another dealer

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.