2014 LEXUS ES350 Lessee please READ
#1
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2014 LEXUS ES350 Lessee please READ
I'm thinking about LEASING a 2014 Lexus ES350 and have received 2 quotes from Dealers.
2014 Lexus with Premium Package
Total Price: $41,303
Monthly payment: $409/month followed by 35 payments of $409.
Down: "$0" down
Mileage: 12,000/year
Just wanted to know if its a good deal and what everyone else is paying.
2014 Lexus with Premium Package
Total Price: $41,303
Monthly payment: $409/month followed by 35 payments of $409.
Down: "$0" down
Mileage: 12,000/year
Just wanted to know if its a good deal and what everyone else is paying.
#2
I'm thinking about LEASING a 2014 Lexus ES350 and have received 2 quotes from Dealers.
2014 Lexus with Premium Package
Total Price: $41,303
Monthly payment: $409/month followed by 35 payments of $409.
Down: "$0" down
Mileage: 12,000/year
Just wanted to know if its a good deal and what everyone else is paying.
2014 Lexus with Premium Package
Total Price: $41,303
Monthly payment: $409/month followed by 35 payments of $409.
Down: "$0" down
Mileage: 12,000/year
Just wanted to know if its a good deal and what everyone else is paying.
What is the MSRP on vehicle?
What is the capitalized cost you negotiated (same as purchase price if you were buying the car)?
What is money factor in the calculation?
What is residual value %?
The capitalized cost (purchase price) is really the only thing that is negotiable that affects the payments (obviously the down payment also affects the payments) and IMO should be negotiated first, then plugged into the lease calculation. IMO what will tell you if it is a good deal is the spread between the MSRP and capitalized cost.
#4
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2014 LEXUS ES-350 Base with Premium Package LEASE
Here are the Details
What is the MSRP on vehicle? $41,303
What is the capitalized cost: $36,541
What is money factor in the calculation? 00095
What is residual value %? 60%
What is the MSRP on vehicle? $41,303
What is the capitalized cost: $36,541
What is money factor in the calculation? 00095
What is residual value %? 60%
#5
As atoyota mentioned, make sure you have sufficient miles built into the lease.
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I'm thinking about LEASING a 2014 Lexus ES350 and have received 2 quotes from Dealers.
2014 Lexus with Premium Package
Total Price: $41,303
Monthly payment: $409/month followed by 35 payments of $409.
Down: "$0" down
Mileage: 12,000/year
Just wanted to know if its a good deal and what everyone else is paying.
2014 Lexus with Premium Package
Total Price: $41,303
Monthly payment: $409/month followed by 35 payments of $409.
Down: "$0" down
Mileage: 12,000/year
Just wanted to know if its a good deal and what everyone else is paying.
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#8
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After further haggling they have got the money factor down to 00045 which is for Tier 1+ credit (720 and above)
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here is a thread discussing MSD.
https://www.clublexus.com/forums/sho...910&styleid=13
#10
BTW, you can multiply the money factor by 2400 and get the interest rate, so your interest rate has been lowered from 2.28 to 1.08. I thought this rate was low, but I checked incentives in my area and finance rate is .9 and lease rate is 1.08 for 36 mos. They may have found a credit agency where you have a higher score that qualified for lowest rate.
#11
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OK here is the update. I ended up LEASING a 2014 ES-350 Nav for $405/month with "0" down 36 months 12K annual mileage allowed.
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Can you guys please help me check if this deal is a good one or I could go for better since in our lexus forum someone mention that she/he got a discount of 14.9% out of msrp
2014 ES350 ultra luxury pkg
MSRP 49,882
My price 44,225
Money factor 0.00055
Residual 34,917
Down 2500
Monthly 405.15
12k for mileage
Thanks
2014 ES350 ultra luxury pkg
MSRP 49,882
My price 44,225
Money factor 0.00055
Residual 34,917
Down 2500
Monthly 405.15
12k for mileage
Thanks
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