Lexus LS 460 Lease Questions
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You can also research local dealer inventory and pricing, reviews, features, and specifications on Edmunds 2015 Lexus LS 460 page.
You can also research local dealer inventory and pricing, reviews, features, and specifications on Edmunds 2015 Lexus LS 460 page.
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What is the lease program for November? What are the numbers for 24mth 15K/Yr and 36mth 15K/yr with tier 1 credit.
Thanks.
Car_man
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Do you know what the residuals should be for 15K mile 36mth and 48mth leases respectively? Would the residual get a 1% bump for 12K miles?
Thanks,
Mike
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Thanks for the quick response. I really appreciate it as I am close to purchasing this car. Today I went to another dealer who quoted me .00295 but I'll keep looking until I find the .00275. Two follow up quick questions. Today's dealer offered me 1000 below msrp, while the previous deal was at msrp. But they also included a $600 Bank Fee in the cap cost. Is it necessary to pay Lexus Financial this bank fee, and is $1000 off MSRP really the best I'm going to do on an LS460? Thanks!
socalcar1
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What's a money factor and residual for Lexus LS 460L 2007 in April (12K a year for 36 month) for Tier 1 customers?
Thank you very much!
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It it had been a loan, that would have been the total interest paid.
regards,
kyfdx
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I am looking to lease a Lexus LS 460L and wanted to find out the lease rate/money factor and residual in Southern California(Orange County) for the month of July 2007? Is the residual % taken from the "agreed upon price" or other?
Also, if I extend my search into August and/or September, where I can find this information on the web?
Thank you
BennyHoppy
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Car_man
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I read these boards often and want thank everyone for their contributions. There is a lot of great information, opinions and advice (ie. MSD's, etc.). With that said I would like to know if anyone knows the current residual value and MF for a 2008 LS460 (12K/Miles per year & Tier 1 Credit)?
Thanks in advance!
Is this the current best Lexus offer? Can you also buy down this money factor with multiple security deposits?
Car_man
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Lexus Financial Services' allows consumers to buy down vehicles' money factors by making additional security deposits. If provides a .00010 money factor reduction for every additional security deposit after the first, up to a maximum of nine.
Car_man
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Can you tell what's a money factor in Colorado for 36 or 48 month with 12K or 15 K per year for customers with tier 1 credit on Lexus LS 460 L 2008?
Your answer will help a lot!
Thank you!
Car_man
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Car_man
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In the areas that I have seen Lexus' new December to Remember lease program for, Lexus Financial Services' current buy rate lease money factor and residual value for a 48 month lease of a base 2008 LS 460 with 15,000 miles per year are .00230 and 53%, respectively for consumers who qualify for its Tier 1+ credit tier. At lease signing, you will have to pay your car's first month's payment, LFS' $600 acquisition fee, and any required state taxes or fees. I believe that LFS is waiving its security deposit requirement for Tier 1+ leases right now. The destination charge is considered to be part of your vehicle's price ant it will be included in its capitalized cost and become part of your monthly payment rather than be paid at signing.
Car_man
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I saw your previous post stating the .00230 MF and 53% residual for a 48/15k lease. Do you have numbers for a 36/15k lease? If we've leased with LFS in the past, is that the Encore Program and what does that entitle us too?
Appreciate your help!!!!!!
Just wanted to point out as to not confuse anyone... you stated in your last post that the residual on an LS460 base with terms of 48 mo/15k lease was 53%. You meant 43%, right?? 53% is the 36/15k residual.
Thanks so much for all your insight; it has proven to be very helpful!!
Again, this is just a ballpark... and it's assuming a base model with no additional items such as chrome rims, window tinting, etc.
If you have an exact car picked out and know the MSRP, I can run some numbers for you and get you a better estimate.
36 month 15,000 miles annual
Can a get out of dealer with first payment down and cost of license?
What would monthly payments be. I have great credit rating.
Thanks for help
Payments on that vehicle assuming a cap cost of $63855 (~$2000 over invoice) for a term of 36mo/15k would be right around $1040/mo (assuming 7% sales tax). The monthly payments also assume that $70355 is the actual MSRP and there are no ADM's (additional dealer mark-up stickers) for items like chrome rims etc. If so, the payments would be higher based on the fact that aftermarket equipment either can't or only very small portions can residualized. The numbers are based on drive off fees only which should include: 1st mo payment, DMV fees, Doc Fee, Acquisition Fee, Security Deposit (should be waived for Tier 1 + credit). Approx. $1500-$2000 to drive off.
These numbers are based on current LFS residual values and buy rate money factors. The money factor is in effect 'til January 2. Most likely it will rise after that date.
I must apologize, my initial numbers of $950-$1000/mo were based on a 48mo/15k lease... sorry!
Is this a market money factor in December to remember event? How about sales price?
.00230 is the correct buy rate for 36 and 48 mo terms. 53% and 43% for the residuals.
E-mail me @ ocautoseeker@yahoo.com
Thank you
Has the dealer specified the residual and current buy rate money factor?
I'm guessing you are paying the acquisition fee upfront as part of your drive off fees?
Let me know and I'll run some numbers for you.
Incidentally, the price im being quoted on the gs is not much less than a similarly outfitted ls, albeit without the hybrid system. figure a couple grand down and a little over 1000 a month for the gs versus around 860 per month for similarly outfitted and msrp'd 535i. thanks: below is my gs post lease post if interested:
I have made tons of calls to fleet managers, etc. and it seems that the gs450h, leases for a tremendous amount more than commensurate cars in its class. Granted, its the only hybrid in its class, but if you build a 2008 535i and get it to just about the same equipment level of the gs450h, and they have a very similar msrp, the 535i leases for a tremendous amount less. Not to bore you with all the specifics, but on minimum drive off leases, on a 36 month 12k lease the price difference is around 150 dollars more per month for the gs hybrid. I am trying desperately to lease this car but feel its a rip off because Lexus sets its residual value so low. Couple this with the fact that bmw pays for brake pads, etc. and i have a hard time pulling the trigger.
My questions is what is the secret to leasing this great car at a price more in line with what bmw is leasing its cars at? Or do i just bite the bullet and buy the car?
The secret is really no secret... BMW has cornered the leasing market by constantly subventing their programs usually with inflated residuals and/or low money factors. It's not that Lexus has crummy residuals, they are just realistic.
If you really want the Lexus, you're probably better off buying it outright and keeping it for awhile as it will be very reliable. On the other hand, the BMW is a great car to lease for a few years , especially while it's still under warranty and all your maintenance is paid for.
You might want to check out leasecompare.com to shop different bank programs on the Lexus. Typically with secondary lenders, you may find better money factors, but usually lower residuals than what the captive finace companies offer. Worth a look though if you really want to lease a Lexus.