2013 and earlier Lexus IS 250 / IS 350 Lease Questions

mycar17 · June 2008

Honestly, I'd fly out to CA and get a good deal. There are about 6-10 dealerships in the LA area, so competition is pretty fierce. I will tell you though, that all of them told me that these deals were only good through 6/30/08, so not sure if you can jump on a plane this weekend. I was thinking they may not as be as pressed for quotas in July, what with the 4th of July weekend sales and all, so June seemed like the best month to me. who knows though, good deals are always out there.
good luck!!

hause7 · June 2008

Ok, I am thinking of trading my 06 GX 470 in for an 08 IS350 and want to lease it. I wanted to ask for someone to help me figure out my monthly payment. I think i may go down to Bellevue Lexus tomorrow.

I want to Lease a 08 IS 350 with all the packages and options(Mark Levinson, Navigation, etc..)
36 months
12K miles a year
$3,000 down
8.8% sales tax.

I have Tier 1 credit(excellent credit)

someone please help me out.

stktrader · June 2008

Could you send me those details as well. I am going to probably buy one this weekend as well. This sounds like a great deal. my email is combres@hotmail.com

Thanks

lilmrslim · June 2008

I'm zeroing in on a 36 mo lease/12k miles a year for an IS 250 with NAVI.

Prices seem to be hovering around $450 a month (w/o tax) and $0 out of pocket (except ~$750 for 1st mo and official fees). What do y'all think??

kingpcgeek · June 2008

If will take some time to read this forum or any leasing forum you will find that no one can tell whether a lease is a good deal without knowing the price of the car that the dealer is selling you. If you only negotiate the price of a lease payment you open yourself to getting into a bad deal.

You need::

Publicly Available Items
MSRP
Invoice Price
Current Manufacturer Residual
Current Manufacturer Lease Factor

Items particular to your deal
Selling price (in these car buying times you should be around invoice on most cars)
Lease factor dealer is quoting you (dealers can mark this up)
Dealer doc fees
Local sales tax, and whether you pay up front or every month.
Out of pocket money up front.

You also need to remember that navigation has little residual value at the end of a lease, so you wind up paying for most of the navigation during the lease term.

bigplaya · June 2008

Researching the deals on this forum has been invaluable in my lease negotiations, so I am hopeful that this post is helpful to some end-of-month IS250 shoppers.

Here is the deal that I just completed:

IS250 RWD, Auto
Smoky Granite Mica/Sterling Leather
18" Alloy Wheels
Navigation
Premium Package
Preferred Accessory Package w/ Applique

36 months/10k miles
Tier 1+ Credit

Sticker = $37,439
Paid: $32,250 + $600 acquisition fee = $32,850
Drive-Off (all fees included) = $1,400
Monthly Payment : $369.49 + 8.5% tax = $400.90
Money Factor = .00125
Residual = 57%

Magnussen's Lexus Of Fremont

I dealt with one of their Internet Sales Consultants and I have to say that the process was very straightforward. No haggling and everything was exactly as promised when I went to pick-up the vehicle. Best of luck everyone!

lexusfan6 · June 2008

Got a great lease package this evening; premium, nav, BT, HID, XM, black with tan: $390/month + tax, $3000 OTD (included 1st month); 12K/36 months. MF = .00125. Excellent credit.

Great experience; negotiated price online with them in the morning, picked up the car in the evening. Entire deal took 1 hour.

(After working with 5 other local dealers, Lexus of Riverside (So Cal) was the only one that honored the true nationally advertised lease AND leased it with nav and XM for $31/month more.)

Believe this might be one of the best deals I've seen on the forum. Am thrilled!

dkauf · June 2008

Bigplaya -

Can you please email me the name of the salesman you worked with? It looks to me that you got the best deal on the forum. My email is dkaufman72@gmail.com

Thanks

bigplaya · June 2008

Email sent.

vmfldis · June 2008

Hello
I just got my deal today
36 month / 12k milege

MSRP $40090
Monthly Payment $486(tax included)
Out of Pocket $1502 ( 0 down , fees + 1st month payment)

The vehicle has Nav, Prem, HID, Rear Lip Spoiler and accesorries

Does this deal looks pretty fair?

kingpcgeek · June 2008

If will take some time to read this forum or any leasing forum you will find that no one can tell whether a lease is a good deal without knowing the price of the car that the dealer is selling you. If you only negotiate the price of a lease payment you open yourself to getting into a bad deal.

You need::

Publicly Available Items
MSRP
Invoice Price
Current Manufacturer Residual
Current Manufacturer Lease Factor

Items particular to your deal
Selling price (in these car buying times you should be around invoice on most cars)
Lease factor dealer is quoting you (dealers can mark this up)
Dealer doc fees
Local sales tax, and whether you pay up front or every month.
Out of pocket money up front.

You also need to remember that navigation has little residual value at the end of a lease, so you wind up paying for most of the navigation during the lease term.

smellsmoke · July 2008

Well thanks to this forum i just found, and the great info from all of you i just leased my Lexus is 250 2008 nav, premium plus package, a/c seats, spoiler, 18'' tires, loaded,loaded... ready fort his? 12000 miles,36 months, with tax included $430.00 a month and they not only did not get 1 penny from me (literally) they even paid first month payment.Dont have a payment until August 1st. 56% residual value.
This is a great site and saved me thousands.
They started at $519.00 plus tax plus $3000.00 cash down. BAM!! iT WAS THE LAST DAY OF THE MONTH AND WE CLOSED THE DEALERSHIP, I DID LEAVE AND THEY CALLED ME AT HOME 2 TIMES.

smellsmoke · July 2008

HATE TO TELL YOU THIS BUT IF YOU PUT DOWN $3000.00 YOU GOT RIPPED.jUST GOT THE SAME LOADED, NAV, SPOILER, 18'' TIRES, A/C SEATS LOADED 0 DOWN AND $430.00 A MONTH FOR 36 MONTHS AND 12000 MILES AND THEY PAID MY FIRST MONTH. 56% RESIDUAL VALUE...

smellsmoke · July 2008

YES.....

smellsmoke · July 2008

JM LEXUS IN FLORIDA, YESTERDAY I LEASED IS 250 2008 NAV, A/C SEATS 18'' TIRES, LOADED 36 MONTHS, 12000 MILES $430.00 A MONTH INCLUDING TAX AND NO MONEY DOWN, THEY EVEN PAID MY FIRST MONTH.

smellsmoke · July 2008

I did..........

soms84 · July 2008

Dear smellsmoke,
Congratulations on your outstanding deal!
May I ask you what was the MSRP of your call with options included?
What is the final selling price of the vehicle? (how much below invoice?)
In the Lexus website, I don't see something called the premium plus package...
Is that the same as the luxury package?
What's the tax rate on your state, and what money rate were you able to get?
How hard was is to get this price at the dealer?
Did you negotiate a lease or a cash sale first?
Please help us with your methodology into getting this deal. Thanks!

soms84 · July 2008

Dear mycar17,

I am also interested in the details of this deal, since I live in LA area.
Would you please email me the details you sent to comohombre to moonsscATgmail.com?
Can you also include dealership info and contact?
Thanks!!

dja212 · July 2008

VMFLDIS- How did you make out with your deal? Email the details on your sales person and dealership... dja212@aol.com

dja212 · July 2008

what dealership and extras? seems preety good.

smellsmoke · July 2008

m.s.r.p.with the nav package was $38,600.00 with all the bells and whistles, a/c seats, spoiler, backup camera, automatic,roof, mats, lights, wood inside.I leased it with no money down $430.00 a month including tax (6%) 36 MONTHS 12000 MILES

smellsmoke · July 2008

NAV SYSTEM,A/C/ SEATS, ROOF, BACKUP CAMERA,AUTO, LIGHTS,LOADED

vmfldis · July 2008

I have sent the e-mail to you so plz check your e-mail

jmd23 · July 2008

Hello! Does anyone have any lease stories on a 2008 IS350? My local dealer (Fresno, CA) here says they sell 7 to 10 IS250's for every 1 IS350, so they only had 1, not fully optioned out model on the floor.

If anyone can share their deals here (negotiated price, MF, lease length, payments, etc) that would be great, thx.

mycar17 · July 2008

SMELL SMOKE
You got $430/month including tax with $0 down?? and nav included? seriously...that's the best deal I've seen so far.

darthveda · July 2008

hello, that is a great deal. Could you email me the dealership and the name of the sales person?

thank you

sunofny99 · July 2008

Hey smellsmoke, did you pay bank fee and other fees at the inception? If so, how much was that?

deldevco · July 2008

I live in Southern Calfornia. I'm looking for a comparable lease to one previously posted which is:

"m.s.r.p.with the nav package was $38,600.00 with all the bells and whistles, a/c seats, spoiler, backup camera, automatic,roof, mats, lights, wood inside.I leased it with no money down $430.00 a month including tax (6%) 36 MONTHS 12000 MILES"

gforce11 · July 2008

July rates for IS350
Lease Formula/Calculator

shellz · July 2008

Does anyone know the July money factor and residuals for the IS250? Specifically, 36 months and 12,000 miles a year?

rhpdev · July 2008

Smellsmoke:

Sounds like a great deal. I am shopping in the midwest and does not look like competition is driving deals like yours. Can you share what the money factor was on this car?

Thanks

lex250 · July 2008

I've just got mine. money factor for IS 250 RWD no navigation is 0.0009 ! Residual for 12K is 54% and 52% for 15K

darthveda · July 2008

how much did oyu put down? and what are your monthly payments?

23109vc · July 2008

has anyone here researched lease deals on the IS350? everyone here is talking about the 250...

i test drove the 250 and it's pig slow. sorry. i'm interested in a 350 ....

what is the MF? residuals? how cheap will they sell them?

thanks.

kingpcgeek · July 2008

Doesn't really seem like Lexus want to lease the 350's

2008 Lexus IS350 Sedan  7/8/08
24 Month  Residual 56% of MSRP  .00245 Base Rate
36 Month  Residual 49% of MSRP  .00245 Base Rate
48 Month  Residual 40% of MSRP  .00245 Base Rate
60 Month  Residual 32% of MSRP  .00245 Base Rate

khan95osu · July 2008

I was quoted 51% residual on 12000 miles, 36months, and .00190 rate as of 7/21/08

kingpcgeek · July 2008

51% would make sense for 12,000 since what I was showing was for 15,000 miles. I am only passing the info on from another site that is pretty reliable on the MF.

jeffman619 · July 2008

Hey guys. I actually received a quote from a dealer on the IS350 and the MF was 0.0016 with 49% residual on 15 K miles. anyone know when the 2009's are coming out? is there going to be a IS350 coupe??

infinitibuye · July 2008

heres the deal I have received, $430 a month including tax, 15k a year, 2500 at signing, premium package and spolier. 3 year lease. Whats everybodys opinion?

kingpcgeek · July 2008

If will take some time to read this forum or any leasing forum you will find that no one can tell whether a lease is a good deal without knowing the price of the car that the dealer is selling you. If you only negotiate the price of a lease payment you open yourself to getting into a bad deal.

You need::

Publicly Available Items
MSRP
Invoice Price
Current Manufacturer Residual
Current Manufacturer Lease Factor

Items particular to your deal
Selling price (in these car buying times you should be around invoice on most cars)
Lease factor dealer is quoting you (dealers can mark this up)
Dealer doc fees
Local sales tax, and whether you pay up front or every month.
Out of pocket money up front.

At $2500 down at signing you are paying some cap cost reduction. Any leasing expert will tell you do not do a cap cost reduction. You risk losing some or all of your cap reduction as soon as your drive off the lot if your car is totaled or stolen. Insurance companies only pay for the market value of a lost or stolen car, and the depreciation starts as soon as the tires hit the road with you behind the wheel.

If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account like INGDirect. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.

misterm1 · July 2008

I saw this on another forum. Thanks for any comments in advance.

sticker was 39109.00
Included HID's
Nav System
Premium Package
"X" Package
and preferred accessory package.

I purchased the vehicle for $33,980 and had the dealer add the F-Sport intake system before delivery and add it to the payment, an additional $395.00 charge for the intake.

i put $1000 down and my payment is $471.00 including sales tax for 36 months with 12k miles per year.

Residual was 56% and money factor of .00105

misterm1 · July 2008

Forgot to say this is for the is250

tbone6964 · July 2008

Anyone know the current money factor and residuals on the IS250? I think they changed on July 25.

infinitibuye · July 2008

Ok everybody I leased the car, here is the break down

08 is 250 awd, with premium package, msrp 37294, selling price 33313.60, just my fees at signing, 15k a year 36 months, residual value 19424, monthly is $449.

misterm1 · July 2008

can you please tell me what the fees were (total drive off)
does the car have nav? and was this in so. cal?
449. per mo. incl. tax?

infinitibuye · July 2008

without nav, and yes that includes tax in new jersey sales tax 7%

fbueller · July 2008

I just ran the paperwork and was quoted an 08 IS250 RWD with premium package (heated/perf seats/woodgrain center trim) and a spoiler. MSRP of $34,359. I negotiated a lease at 12k miles, 36 months, $2,000 down and $329 a month plus tax ($354 total monthly CA tax included, in Los Angeles). Due to an error on the lease paperwork after the manager left for the night (they closed for the night while we worked the deal), I have to come back in and sign the lease by noon tomorrow.

Has anyone seen lower? I have until noon tomorrow (Friday 8/1) to sign the paperwork! I'd like to know for sure I did well before I run back in and sign. I'm pretty sure this is an awesome deal, but I don't want to get too high on myself until I have some feedback from the real experts (you guys).

Thanks!

kingpcgeek · August 2008

We can't tell if you have gotten a good deal because you haven't told us what the selling price of the car is. You should never negotiate the payment of the car first, you negotiate the price of the car. This goes for buying or leasing.

planky · August 2008

So here goes my deal that I got on July 28th, didn't sign, decided to wait and see this months deals.

Model: 250 IS AWD
MSRP: 35,238
Cap: 31,710
Residual: 19,028
MF: .0050/1.44 <-- this is what he said, think you multiple .00144 by 2400 right?
Sales Tax: 10% (IL, Chicago Area)

$470 for 36 Months x 12k Miles. Basically is base AWD model, with all winter floor mats, and wheel locks, trunk net and carpet, that is it.

$285 cash back at signing, Just first month and fees due at signing.

I also got the same deal on the same model at a different dealership, but + rear spoiler. So MSRP on that one would be $35,924. That was the one I was actually going to go for but I didn't get the Cap Cost, Money Factor from that dealership, I assumed since they were going to match the deal plus throw in a spoiler it was better.

Whole reason I didn't sign was because the guy above who said he got 36 x 15k miles on a model with vented seats, 7% sales tax for $449. I plan to go back around August 15th (start my new job on August 11th) and try to negotiate another deal, hoping with the crap economy that maybe I will be able to get a similar deal. The best time to get a deal on a car is near the end of the month however.

Does anyone have the residuals for August yet?

fbueller · August 2008

Vehicle value on the leasing paperwork is $30,421.56. Gross capitalized cost is 31,066.26.

2013 and earlier Lexus IS 250 / IS 350 Lease Questions

Comments

Helpful Tools

Most popular vehicles

Your Privacy