Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Lexus LS 460 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
thanx
LS460L
Mercury Metallic
Black/Walnut interior
Lux Pkg
MSRP: 82,800
48 Mo Lease
15k miles
flawless credit (800+)
willing to wait till it hurts the dealer...
what's the best deal with 0 drive-off?
48 mo / 15k miles residual = 38% with a buy rate mf of .00245.
The SWB carries a 41% residual and the same mf.
What is the real price for the 2008 LS 460-I am willing to drive the car from florida if it is legit.What are others paying for the car?Are they really taking 7500 below MSRP
Thanx
charlie
Are you leasing it? Let me know if you want me to run the numbers for you?
What's the MSRP, $68,705?
Am a little concerned though by what I am hearing about the LS460's ability to handle bad weather-- snow in particular... the GS AWD was fine (I live in the NYC area) but saw several LS's and BMW 750 stranded last week when we got hit here with a late in the day snow storm. Any counsel on this.. IS there an AWD LS 460 in the future.. should I wait? or possibly look at the Audi A8 or Mercedes 4 matic? ">
Lexus' current buy rate for the LS460-L is .00245 and carries a 48% residual assuming a 36 month/15k-mi/yr lease term. Understand that rates can and very well may change in April when you're ready to lease. However, with the current numbers, I can give you a ballpark.
Assume a fully loaded L around $83,600:
I don't know how aggressive dealer's will be in NYC, but I do know they've been less aggressive on the LWB than the SWB. Let's just say you get $5k off, and they cap the cost @ around $78,600, you'd be looking at pretax monthly payments of around $1360. This figure does NOT include Lexus Financial's acquistion fee of $600, so you'd have to pay that as part of your drive offs, or it can be capped into your payments. You'll also pay 1st month + dmv fees, and possibly a security deposit of $510. Typically, Lexus will waive the SD for those that qualify for it's tier1+ credit.
Hope this helps.
As for the other vehicles, they all have their pros and cons as previously mentioned. I do like the S-class Mercedes and as also previously mentioned, it has AWD, but now you're looking at a $100k vehicle!! The current lease programs are horrible through Mercedes currently. You would definitely want to shop a secondary lender if leasing an S-class.
Btw... the lowest rate I've seen LFS publish on an LS in the past year was .00230.
how about paying all payments in a one pay program.
The dealer offered $7800 off MSRP of 67805
Either way, the deal looks good... quetion them about the rate before signing, but if they don't budge, know the deal is still worth taking.
Here's the car:
LS460 (short)
-Comfort pkg
-Navi/Mark Levinson
-Intuitive Parking Assist
-One Touch power door closers
List $70,835.00
Here's the deal:
Cap cost: $61,874
Money Factor: 0.00255
Residual 51%
36 months
15,000 miles
$1875 due at signing
$1053 a month including tax
Should I sign off on this deal?
Tell them that you were quoted a .00245 buy rate from another dealer and see what they say.
i do feel that $9000 off msrp is great my dealer offered $8000 and i really had to push for that
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Good luck
Richard
MSD's are made up-front.
But, what constitutes a SD?
I am being offered a MF of .000310 on a 48 mo. lease with a Cap Cost of $77,330 which includes the $600 Acquisition Fee. Any way I might get my payment down beside the $1,400 SDs?
Thanks, R
1. Is there any reason an out of state buyer could not lease a car from a CA dealer;
2. My understanding is that I would pay CA sales tax only on the portion of the cap cost, and not the full MSRP.
3. I have a 04 430 to trade in which is valued in OR at 25K. Would I be better off using that as a cap reduction or buying down the rate with SD's, or some combination of both. I would like to get my monthly payment as low as possible.
California taxes the monthly payment, on a monthly basis. If your car is registered in Oregon, and that is where you receive your monthly lease bill, there should be no tax due.
You might have to pay California tax on the first payment, if you make that at delivery.... and, on anything you pay upfront (acquisition fee, etc.). So.. don't pay anything upfront!
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
After a lease is signed is it LFS that holds the lease or the dealer?
One final question: does the rate for excess mileage vary from dealer to dealer or is that set by LFS.
The security deposit thing is coming from Lexus financial and it has nothing to do with the dealership. They are still selling the same car. In the case of leasing, they sell the car to Lexus financial and you make payments to Lexus financial. I think they either use a different lender (e.g. a bank that give them more mark up) or they simply didn't know that they can do that. I leased an 02 LS430 and 02 SC430 using LFS and 9 security deposit to reduce money factor (at the time, each deposit bring down the money factor by 0.0001). The security deposit is based on your lease payment calculation without the deposit and round up to the next $25 (so some of the 1300 number is probably accurate. But it is awefully high for 70K version of LS.. yours must be 90K+ version.). It is a very good program, with the 0.0001 reduction, I calculated that my deposit in 02 make 11-12% guarantee (assuming that I pay my bill on time 8-))) by reducing the monthly payment. The deposit is refunded at the end of the lease (I got both back without any hassle). If an accident happen and with the gap insurance Lexus provided to all lease, I can just turn the insurance check to LFS and get all my deposit back (not an actual experience but we call Lexus to confirmt his point).
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
36 – Residual 50% – .00225
48 – Residual 40% – .00225
Residual values assume 15k annual miles.
I am thinking of pre-paying for more miles (18K/year, rather than the standard 15K/year). 2 related questions:
(1) Is the extra amount charged (for the 3K miles/year) added to the Capitalized Cost, or deducted from the Residual Value?
(2) What is the cost (cents/mile) for pre-bought miles?
Again, thanks in advance.
It depends on how they want to structure the lease - but typically, the residual value will be readjusted for the additional cost of miles so that the vehicle will reflect a more accurate "market" value at lease-end.
Assuming 18k, the residual on a 36 month term should drop to 48% (from 50% based on 15k).
They don't have lower residual percentages for mileage allowances higher than 15K/yr.. But, if you wanted 18K, and the charge is $0.15/mi., then they would deduct $0.15/mi. from the residual. $0.15 X 9000 mi. = $1350.. So if the residual for 3yr/45K were 50% of $70K, then the new residual for 3yr/54K would be $35K - $1350 = $33,650.
I think this is the way most captive financial companies do it. I only know BMW and Honda, for sure.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks for your added support.
I am in the market for LS460 in NJ.
Your deal looks pretty good.
What dealership was that?
Thanks.
til a couple of months before my lease expires or start talking with my dealership now. I leased the vehicle from one of the largest Lexus dealerships in the country. Nothing down, No SD and I pay 837 per month which was about $100/month less than another dealer.
The LS 430 has navigation, smart access system, and comes with 15,000 miles/year with a 12 cent per mile excess mileage fee (which I will not exceed). It listed for around $64000 and was discounted to >$57,000 with a cap cost of around $37,000