2014 Lexus IS 350 Lease Questions

steverstever Guest Posts: 52,457
edited May 2015 in Lexus
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  • endaarfendaarf Member Posts: 3
    edited December 2013

    Hi - Could anyone please share the residual and MF for an IS350 F-Sport AWD, 36 months with 12k miles per year. Also, what is the bank fee? Thanks much!

  • kyfdxkyfdx Moderator Posts: 197,778

    2014 IS350 AWD 36mo, 12K/yr lease

    .00110 MF and 64% residual

    Not sure of the acquisition fee, but most likely, it's right around $700

    kyfdx

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  • mrtrancemrtrance Member Posts: 178

    What is the current MF and residual for IS350 F-Sport RWD for 24 months 12K or 15K?

  • kyfdxkyfdx Moderator Posts: 197,778

    @mrtrance said:
    What is the current MF and residual for IS350 F-Sport RWD for 24 months 12K or 15K?

    2014? 24mo, 15K/yr lease

    .00110 MF and 72% residual. Add 2% for 12K/yr

    kyfdx

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  • mrtrancemrtrance Member Posts: 178

    Are the 27 months deals much better than 24 months? Can you give residual for 27 months and MF for 12K?

  • kyfdxkyfdx Moderator Posts: 197,778

    72%

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  • rkdiddyrkdiddy Member Posts: 43

    Now that the December to Remember rates are gone. Can someone supply the residual and MF the for the following:

    IS350
    27-Month Lease
    12k Miles/Year

    Thanks,

    Rick

  • mmenardmmenard Member Posts: 68

    2014 IS 350 F-Sport 12K residual = 72%, 10K = 74%, what is it for 7.5K/year?

  • kyfdxkyfdx Moderator Posts: 197,778

    @rkdiddy said:
    Now that the December to Remember rates are gone. Can someone supply the residual and

    MF the for the following:

    IS350
    27-Month Lease
    12k Miles/Year

    Thanks,

    Rick

    Actually, it looks like Lexus extended the program until January 6th..

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  • 1_porsche_fan1_porsche_fan Member Posts: 10

    Car man or kyfdx, Please let me know MF and residual value on

    2014 IS 350 F Sport pkg 27 months / 7500 miles

    Any conquest program or rebate I should be aware of in DC area?

  • kyfdxkyfdx Moderator Posts: 197,778

    December numbers expire today... It will probably be early next week, before we have access to the new ones.

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  • rkdiddyrkdiddy Member Posts: 43

    Thank you KYFDX - please keep us posted. Looking to make a purchase in the next week or so.

  • rkdiddyrkdiddy Member Posts: 43

    Yikes - I just got updated numbers from the dealer I'm working with on an IS350 and it looks like the residual dropped 9 points on the 27 month lease - is that possible? Doesn't seem right - car payment would go up $170/month!

  • lexinjlexinj Member Posts: 3

    on IS 350 I was quoted yesterday for a 27 month lease.. 69% residual; MF .001

  • rkdiddyrkdiddy Member Posts: 43

    @lexinj said:
    on IS 350 I was quoted yesterday for a 27 month lease.. 69% residual; MF .001

    Thanks Lexinj - that seems a little more inline with what it was a few days ago. I believe the residual should be somewhere around 69-73% (still a big swing). Hopefully we can get someone to chime in that knows for sure. I'm guessing my contact mistyped the numbers (maybe he gave me 36 month lease residual).

  • lexinjlexinj Member Posts: 3
    edited January 2014

    36 mos my dealer told me had a residual of 61...That would be for a 15k miles.. I believe the more miles the residual goes down....wanna make a deal within a week... still negotiating in NJ but may have to settle for the 250 :(

  • rkdiddyrkdiddy Member Posts: 43

    @lexinj said:
    36 mos my dealer told me had a residual of 61...That would be for a 15k miles.. I believe the more miles the residual goes down....wanna make a deal within a week... still negotiating in NJ but may have to settle for the 250 :(

    I'm in the same boat - looking to pull the trigger sooner than later.

    Was the 69% you were quoted for 15k miles? You're correct that the residual changes based on miles - usually 1-2 points. So if you 69% was for 15k miles, 12k miles would be ~71%.

  • kyfdxkyfdx Moderator Posts: 197,778

    The IS250 has a MF of .00100 and a residual of 70% for the 27month, 15K/yr term..

    Same MF for the IS350, but I don't have the residual on that model.

    kyfdx

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  • rkdiddyrkdiddy Member Posts: 43
    edited January 2014

    Thanks KYFDX!

    I confirmed with a few dealers that the IS350 is 69% for 27 months, 15k/yr term. Then, 70% for 12k and 72% for 10k.

    Looks like the dealer was looking at the 36 numbers before. Thanks.

  • lexinjlexinj Member Posts: 3

    any recommendation for a NJ dealership that prices aggressively? what is the best way to shop around?

  • tricia28tricia28 Member Posts: 1

    Thought I would give the figures on the car I just leased in SoCal since I found these forums to be useful.
    Lexus IS350 Sport, Black on Black with Mark Levinson, Blind Spot
    MSRP 48,148
    Negotiated price 43,753
    Annual Miles 12,000
    27 month lease
    Residual 71%
    I did the max MSD's (9) and added a $775 excess wear and tear package so I don't worry about door dings, windshield cracks or and tire wear since my insurance deductible is $1000
    My monthly payment is $464.45
    $5275 due at signing but $4275 is my deposit I get back at the end of lease.
    Hope that helps others looking to lease...

  • kyfdxkyfdx Moderator Posts: 197,778

    Thanks for checking back in.. Sounds like a nice car, and you got a good deal!

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  • curemecureme Member Posts: 17

    Thanks for all the great info and especially for all of the updates on MF and residuals.

    I just leased an IS350 F Sport Ultra White / Rioja Red with Mark Levinson, Blind Spot Monitoring and Preferred Accessory Package in Southern California. I added the Excess Wear and Tear on mine as it was discounted a bit and I've had some bad luck lately with lease returns.

    MSRP: $48,148

    Sale Price: $42,770

    27 month lease

    12K miles/year

    71% Residual Value

    0.00028 Money Factor after 9 MSDs

    Drive Off: $4,979 ($4,050 is refundable security deposit)

    Monthly Payment: $426 ($391 base + $35 tax)

    If I didn't get the Excess Wear and Tear, my numbers would have been:

    Drive Off: $4,502 ($3,800 is refundable security deposit)

    Monthly Payment: $398 ($365 base + $33 tax)

  • kyfdxkyfdx Moderator Posts: 197,778

    Thanks for checking in... Looks like a great deal!

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  • slickyjslickyj Member Posts: 6
    edited February 2014

    Anyone know the MF and Residual for 2014 Lexus IS 350 F sport RWD, 12k & 15k for 36 months?

  • kyfdxkyfdx Moderator Posts: 197,778

    @slickyj said:
    Anyone know the MF and Residual for 2014 Lexus IS 350 F sport RWD, 12k & 15k for 36 months?

    I'm sorry, no info on the IS350, this month.

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  • slickyjslickyj Member Posts: 6

    Can anyone give me residual, MF and incentives for March (when available) for a 2014 Lexus IS 350 F sport RWD? 27 months 12K and 15k.

  • kyfdxkyfdx Moderator Posts: 197,778

    @slickyj said:
    Can anyone give me residual, MF and incentives for March (when available) for a 2014 Lexus IS 350 F sport RWD? 27 months 12K and 15k.

    .00085 MF and 60% residual for 27mo, 15K/yr.

    Add 2% for 12K/yr.

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  • slickyjslickyj Member Posts: 6
    edited March 2014

    Wow, thats a huge difference from February. The residual is really down 9% from last month?

  • iphadkeiphadke NCMember Posts: 23

    Hi... I am looking for residual and mf for 2014 ES300h, 15K/yr, 24/27 months lease. Thanks.

  • iphadkeiphadke NCMember Posts: 23

    Sorry - I can't find a way to edit the earlier post. This is for NJ.

  • kyfdxkyfdx Moderator Posts: 197,778

    @slickyj said:
    Wow, thats a huge difference from February. The residual is really down 9% from last month?

    Lexus (and Toyota) run so many regional special programs, that the information I get is not necessarily what you'll find in your area (try 20 or more programs across the country). I give the numbers I have, but I wouldn't vouch for them in a specific area of the country.

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  • kyfdxkyfdx Moderator Posts: 197,778

    @iphadke said:
    Hi... I am looking for residual and mf for 2014 ES300h, 15K/yr, 24/27 months lease. Thanks.

    .00075 MF and 67% for 27mo, 10K/yr lease

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  • julio91julio91 Miami, FloridaMember Posts: 153

    If anyone needs a good sales rep and does not matter what state you reside in ( he could ship the car pretty much anywhere, he saved my buddy up in Phoenix $80 a month) Inbox me for his info, I purchased 2 Lexus of this gentleman, straight forward, did not catch him in any lies, extremely resourceful, give it a try you know, Best luck everyone keep us posted.

  • liljaden11liljaden11 Member Posts: 21

    What's April's MF & Residual for IS350 RWD 12K/15K in NJ... Thank you

  • MichaellMichaell ColoradoModerator Posts: 193,175

    @liljaden11 said:
    What's April's MF & Residual for IS350 RWD 12K/15K in NJ... Thank you

    We will need to know the lease term in order to provide the residual.

    MF is .00085

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  • saabguy914saabguy914 Member Posts: 64

    Please post the residual for whatever term is most favorable (27 month?) for an IS350 RWD F-Sport for 10k and 12k miles. MF .00085? Thanks!

  • liljaden11liljaden11 Member Posts: 21

    @[email protected] said:
    sorry...36mos

  • MichaellMichaell ColoradoModerator Posts: 193,175

    @liljaden11 said:
    sorry, 36 months

    60% for 15K, 62% for 12K

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  • MichaellMichaell ColoradoModerator Posts: 193,175

    @saabguy914 said:
    Please post the residual for whatever term is most favorable (27 month?) for an IS350 RWD F-Sport for 10k and 12k miles. MF .00085? Thanks!

    10K / 12K residuals:

    24mo - 73% / 72%

    27mo - 71% / 70%

    30mo - 68% / 67%

    33mo - 66% / 65%

    36mo - 63% / 62%

    MF is .00085 for IS350 (tier 1+)

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  • saabguy914saabguy914 Member Posts: 64

    Thanks Michaell!

  • MichaellMichaell ColoradoModerator Posts: 193,175

    @saabguy914 said:
    Thanks Michaell!

    Good luck - please come back and let us know how your shopping went!

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  • saabguy914saabguy914 Member Posts: 64
    edited April 2014

    Can anyone comment on these drive-off fees?

    • $700 Acquisition Fee
    • $684 License Fee
    • $489 Dealer Doc Fee

    Are they legit or can I negotiate them away/down? Thanks in advance!

  • MichaellMichaell ColoradoModerator Posts: 193,175

    @saabguy914 said:
    Can anyone comment on these drive-off fees?

    • $700 Acquisition Fee
    • $684 License Fee
    • $489 Dealer Doc Fee

    Are they legit or can I negotiate them away/down? Thanks in advance!

    Acquisition fee is from Lexus Financial ... can't negotiate

    License fee may be for your tags / registration ... check with the dealer

    Dealer doc fee ... added by the dealer for extra profit. Negotiate the selling price down by an equivalent amount.

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  • saabguy914saabguy914 Member Posts: 64
    edited April 2014

    Here's what I was offered on a 2014 IS 350 F-Sport RWD.

    • MSRP - $48,298
    • Selling Price - $44,988
    • MF - .00085
    • Residual on 27 mo/10k miles - 71%
    • Drive off amount (acq, doc, license, first mo) - $3,000
    • Payment including 7.95% sales tax - $494

    The dealer was shady about detailing the drive-off fees so I suspect there was a small cap cost reduction in there. They would not budge on the doc fee and actually got really defensive about it. Their original offer was $708/mo with a ridiculously marked up MF. They were being very guarded with their numbers and trying to play games so we ended up leaving.

  • julio91julio91 Miami, FloridaMember Posts: 153

    Private messaged @saabguy914

  • MichaellMichaell ColoradoModerator Posts: 193,175

    @saabguy914 said:
    Here's what I was offered on a 2014 IS 350 F-Sport RWD.

    • MSRP - $48,298
    • Selling Price - $44,988
    • MF - .00085
    • Residual on 27 mo/10k miles - 71%
    • Drive off amount (acq, doc, license, first mo) - $3,000
    • Payment including 7.95% sales tax - $494

    The dealer was shady about detailing the drive-off fees so I suspect there was a small cap cost reduction in there. They would not budge on the doc fee and actually got really defensive about it. Their original offer was $708/mo with a ridiculously marked up MF. They were being very guarded with their numbers and trying to play games so we ended up leaving.

    When I plug your numbers in, I get a pre-tax payment of $364.51 (with 7.95% tax, $393.49). I'd ask the dealer for a more thorough breakdown of their numbers.

    And that's not assuming any cap cost reduction out of the $3000 drive off amount.

    What state is this in?

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  • saabguy914saabguy914 Member Posts: 64
    edited April 2014

    @[email protected] said:
    When I plug your numbers in, I get a pre-tax payment of $364.51 (with 7.95% tax, $393.49). I'd ask the dealer for a more thorough breakdown of their numbers.

    And that's not assuming any cap cost reduction out of the $3000 drive off amount.

    What state is this in?

    Can you please double check your calculations? I get a pre-tax payment of $463.54 and a post-tax (7.95%) payment of $500.39, which is why I suspect there's a small cap cost reduction hidden in the drive-off fee. This is in AZ. Thanks for your help.

  • MichaellMichaell ColoradoModerator Posts: 193,175

    @saabguy914 said:
    Can you please double check your calculations? I get a pre-tax payment of $463.54 and a post-tax (7.95%) payment of $500.39, which is why I suspect there's a small cap cost reduction hidden in the drive-off fee. This is in AZ. Thanks for your help.

    Oops .. forgot to change the lease term from 36 months to 27 months.

    My numbers now match up with yours.

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  • saabguy914saabguy914 Member Posts: 64

    \

    @[email protected] said:

    Oops .. forgot to change the lease term from 36 months to 27 months.

    My numbers now match up with yours.

    OK, cool. Thanks.

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