ES 350 lease quote
10-02-18, 02:38 PM
#16
Money factor is same for 27/38/48 months but all subject to change, maybe in the coming months. What really driving up leases is lower discounts by dealers by virtue of a new model and lower residual amounts, more depreciation during the lease term, so you are paying more per month but less when/if you wish to purchase at lease end. A good dealer will explain this if you are interested. Great deals on 2018s!
10-02-18, 05:14 PM
#17
Lexus Test Driver
Money factor is same for 27/38/48 months but all subject to change, maybe in the coming months. What really driving up leases is lower discounts by dealers by virtue of a new model and lower residual amounts, more depreciation during the lease term, so you are paying more per month but less when/if you wish to purchase at lease end. A good dealer will explain this if you are interested. Great deals on 2018s!
10-02-18, 07:45 PM
#18
Driver School Candidate
I’m winning they offered me $900. Is there like a national place where one can get competitive quotes? I had three people the salesman the sales manager and the dealership manager swearing and grunting in front of me looking like they were suffering. Then they got a 500 charge on my card in February and I can’t get the 500 back. I’ve called 10 times and visited 3 times always a problem. Not on weekends, the original salesman not in, etc.
10-04-18, 06:48 AM
#19
I’m winning they offered me $900. Is there like a national place where one can get competitive quotes? I had three people the salesman the sales manager and the dealership manager swearing and grunting in front of me looking like they were suffering. Then they got a 500 charge on my card in February and I can’t get the 500 back. I’ve called 10 times and visited 3 times always a problem. Not on weekends, the original salesman not in, etc.
10-04-18, 10:08 AM
#21
Lexus Fanatic
Thats a terrible deal...
10-06-18, 09:09 AM
#22
Driver School Candidate
My 2cents...
Anything more than high 4's, low 5's, is a bad lease deal for a 46k car. And by the way, at the numbers you're being quoted, there is no way that they're discounting the car 4000.
There are no lease incentive programs on the new es at this time, so the $ will be a be higher than expected.
I've always leased ( 11 Lexus over 28 years) during the summer months, or during Jan. or Feb.
Currently - my '16 ES h, list 48k, leases for 434/ 36/ 10.....
General rule of thumg - payment should approximate 1% of the list price ....
Run away from this dealership as fast as you can !!!!!!
Anything more than high 4's, low 5's, is a bad lease deal for a 46k car. And by the way, at the numbers you're being quoted, there is no way that they're discounting the car 4000.
There are no lease incentive programs on the new es at this time, so the $ will be a be higher than expected.
I've always leased ( 11 Lexus over 28 years) during the summer months, or during Jan. or Feb.
Currently - my '16 ES h, list 48k, leases for 434/ 36/ 10.....
General rule of thumg - payment should approximate 1% of the list price ....
Run away from this dealership as fast as you can !!!!!!
10-08-18, 02:13 PM
#23
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My 2cents...
Anything more than high 4's, low 5's, is a bad lease deal for a 46k car. And by the way, at the numbers you're being quoted, there is no way that they're discounting the car 4000.
There are no lease incentive programs on the new es at this time, so the $ will be a be higher than expected.
I've always leased ( 11 Lexus over 28 years) during the summer months, or during Jan. or Feb.
Currently - my '16 ES h, list 48k, leases for 434/ 36/ 10.....
General rule of thumg - payment should approximate 1% of the list price ....
Run away from this dealership as fast as you can !!!!!!
Anything more than high 4's, low 5's, is a bad lease deal for a 46k car. And by the way, at the numbers you're being quoted, there is no way that they're discounting the car 4000.
There are no lease incentive programs on the new es at this time, so the $ will be a be higher than expected.
I've always leased ( 11 Lexus over 28 years) during the summer months, or during Jan. or Feb.
Currently - my '16 ES h, list 48k, leases for 434/ 36/ 10.....
General rule of thumg - payment should approximate 1% of the list price ....
Run away from this dealership as fast as you can !!!!!!
Again, just simply asking where as i'm extremely curious.
TIA
10-08-18, 04:14 PM
#24
Lexus Test Driver
That is absolutely horrible. Barely acceptable for TWO ES350s.
that's a $300-$350 a month car tops. tops tops tops.
that's a $300-$350 a month car tops. tops tops tops.
10-08-18, 04:30 PM
#25
I have a quick questions for you, and this is me being strictly honest. where did you come up with this "1% payment of the list price" model? are you including up fronts and first months payment in this pricing?
Again, just simply asking where as i'm extremely curious.
TIA
Again, just simply asking where as i'm extremely curious.
TIA
In this case, for a car 46K sticker price, OTD will be roughly 50K with TTL fees, the desired payment should be 1% of that or $500 a month at the most common leasing program 3y/12K miles or 3y/10K miles (should be marginally less with the latter program).
10-08-18, 04:32 PM
#26
And if you think an ES 350 isn't worth more than $350/month. Then that's just you, and might as well include the fact that its your opinion in your comment...Because there are others out there (like myself) that think its well worth it....
Last edited by SuperMido; 10-08-18 at 04:35 PM.
10-08-18, 04:39 PM
#27
The 1% rule is the ideally desired payment figure given that you are able to negotiate for the best money factor and residual value combination, which would result in the least amount of rent charge/financed cost given the OTD price.
In this case, for a car 46K sticker price, OTD will be roughly 50K with TTL fees, the desired payment should be 1% of that or $500 a month at the most common leasing program 3y/12K miles or 3y/10K miles (should be marginally less with the latter program).
In this case, for a car 46K sticker price, OTD will be roughly 50K with TTL fees, the desired payment should be 1% of that or $500 a month at the most common leasing program 3y/12K miles or 3y/10K miles (should be marginally less with the latter program).
10-08-18, 05:42 PM
#28
First of all the money factor is not negotiable by the dealership. Neither is the rebates or any special deal from the manufacturer. Only the msrp is negotiable between you and the dealer. The so called 1% rule works with other manufacturers, but not Lexus and not usually Honda. If you want 1% then buy a Chrysler product OR put down 5k or more to get your payment down. Also residual amounts have changed in the last couple of years, so great lease deals that we all got in the past have changed. To think you are going to get a $460 payment with 0 down on a 2019 es for 36 months is pure fantasy.
Last edited by jstagn; 10-09-18 at 04:13 AM.
10-09-18, 12:06 PM
#29
Oh sorry, it is from empirical evidence gathered by common folks such as you and I from many different forums. This is by no means an authoritative source.
10-17-18, 02:58 PM
#30
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