Price thread - what kind of deal did you get?
08-27-12, 03:13 PM
#481
Instructor
- Residual for 10k/mile lease for 3 yrs is 64% for August 2012...the 3% is a huge profit.
- Money Factor is .00145 for August 2012... there is a profit of .00003...a 0.72% APR profit (*2400)
- ...both of which most likely are the reasons why you were able to do $1500 below invoice
- How much down payment did you put down?
- Are you doing Multiple Security Deposits?
- How much was lease acquisition?
Last edited by faifai83; 08-27-12 at 03:18 PM.
08-27-12, 03:22 PM
#482
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Whoa! Very profitable deal for the dealership!
- Residual for 10k/mile lease for 3 yrs is 64% for August 2012...the 3% is a huge profit.
- Money Factor is .00145 for August 2012... there is a profit of .00003...a 0.72% APR profit (*2400)
- ...both of which most likely are the reasons why you were able to do $1500 below invoice
- How much down payment did you put down?
- Are you doing Multiple Security Deposits?
- How much was lease acquisition?
- Residual for 10k/mile lease for 3 yrs is 64% for August 2012...the 3% is a huge profit.
- Money Factor is .00145 for August 2012... there is a profit of .00003...a 0.72% APR profit (*2400)
- ...both of which most likely are the reasons why you were able to do $1500 below invoice
- How much down payment did you put down?
- Are you doing Multiple Security Deposits?
- How much was lease acquisition?
08-27-12, 03:28 PM
#483
Instructor
I'd suggest the following:
- Go back and renegotiate the money factor to as close to buy as possible (You were able to get $1500 below buy or invoice for the cash price of the car)
- Go back and renegotiate the residual to buy rate
...what part of CA are you in?
08-27-12, 03:36 PM
#484
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...probably. I assume $1800 drive off is as follows: $700 first month payment, $600 in tax/title/fees, $500 lease acquisition fee.
I'd suggest the following:
- Go back and renegotiate the money factor to as close to buy as possible (You were able to get $1500 below buy or invoice for the cash price of the car)
- Go back and renegotiate the residual to buy rate
...what part of CA are you in?
I'd suggest the following:
- Go back and renegotiate the money factor to as close to buy as possible (You were able to get $1500 below buy or invoice for the cash price of the car)
- Go back and renegotiate the residual to buy rate
...what part of CA are you in?
08-27-12, 03:40 PM
#485
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08-27-12, 03:51 PM
#486
Instructor
You are renting a car from Toyota for 3 years and turning it in after 3 years...
http://www.leaseguide.com/calc.htm
08-27-12, 03:52 PM
#487
Instructor
Google Lexus August 2012 Lease Rates:
http://www.ridewithg.com/index.php/2...s-august-2012/
Remember:
To calculate residual values for 12k miles/yr please add 2%. For 10k miles/yr, please add 3%.
Lease Acquisition Fee
http://www.ridewithg.com/index.php/2...hat-to-expect/
http://www.ridewithg.com/index.php/2...s-august-2012/
Remember:
To calculate residual values for 12k miles/yr please add 2%. For 10k miles/yr, please add 3%.
Lease Acquisition Fee
http://www.ridewithg.com/index.php/2...hat-to-expect/
08-27-12, 04:39 PM
#488
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I dont feel so good after this. Dealer won't budge on the 61% residual or the 0.00175 MF.
I didn't sign the final docs because I had to get back to work. Call this deal off?
I didn't sign the final docs because I had to get back to work. Call this deal off?
08-27-12, 04:42 PM
#489
Instructor
It's months-end and dealerships will need to hit their #s!
...always remind the dealership that you're there to "help" them meet and exceed their sales quotas!
08-27-12, 05:18 PM
#490
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I called up another dealership in the area. They can beat them by selling the car for $2000 under invoice.
For leasing they said the money factor is 0.00145 which is in line with what you said.
However they said that the F-Sport Residuals are as follows for 36-month lease:
15K miles/year = 58%
12K miles/year = 60%
10K miles/year = 61%
this is the same residual that the other dealership said. They both say that the residuals are lower for the F Sport. Is this true?
For leasing they said the money factor is 0.00145 which is in line with what you said.
However they said that the F-Sport Residuals are as follows for 36-month lease:
15K miles/year = 58%
12K miles/year = 60%
10K miles/year = 61%
this is the same residual that the other dealership said. They both say that the residuals are lower for the F Sport. Is this true?
08-27-12, 05:34 PM
#491
Instructor
I called up another dealership in the area. They can beat them by selling the car for $2000 under invoice.
For leasing they said the money factor is 0.00145 which is in line with what you said.
However they said that the F-Sport Residuals are as follows for 36-month lease:
15K miles/year = 58%
12K miles/year = 60%
10K miles/year = 61%
this is the same residual that the other dealership said. They both say that the residuals are lower for the F Sport. Is this true?
For leasing they said the money factor is 0.00145 which is in line with what you said.
However they said that the F-Sport Residuals are as follows for 36-month lease:
15K miles/year = 58%
12K miles/year = 60%
10K miles/year = 61%
this is the same residual that the other dealership said. They both say that the residuals are lower for the F Sport. Is this true?
- FSport is merely a package; thus should the residual drop with a rear sunshade?
- Judging by the lease rates, I don't see any lower residual for F-Sports across the IS or RX line either
http://www.ridewithg.com/index.php/2...s-august-2012/
- Lease is basically the difference between the cash price, and the residual, divided by the duration of the lease + interest. If the dealership's logic stands, then you get hit twice for a F Spot package - Once for the price of the package, and second because the car is worth less because it has this package...
08-27-12, 06:29 PM
#492
Lexus Fanatic
I was at the dealer talking about a 2013 ES and I saw their residual book. Residual for the GS F-Sport was 58% with 15k. Saw it in black and white.
When I leased my 2010 ES there was a lower residual for the UL package on that car too. Big reason why I didnt get it.
When I leased my 2010 ES there was a lower residual for the UL package on that car too. Big reason why I didnt get it.
08-27-12, 07:09 PM
#493
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I called up another dealership in the area. They can beat them by selling the car for $2000 under invoice.
For leasing they said the money factor is 0.00145 which is in line with what you said.
However they said that the F-Sport Residuals are as follows for 36-month lease:
15K miles/year = 58%
12K miles/year = 60%
10K miles/year = 61%
this is the same residual that the other dealership said. They both say that the residuals are lower for the F Sport. Is this true?
For leasing they said the money factor is 0.00145 which is in line with what you said.
However they said that the F-Sport Residuals are as follows for 36-month lease:
15K miles/year = 58%
12K miles/year = 60%
10K miles/year = 61%
this is the same residual that the other dealership said. They both say that the residuals are lower for the F Sport. Is this true?
08-27-12, 07:10 PM
#494
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I live in atlanta and I didn't even know that there were rebates cause there was nothing listed. However I got an F sport loaded with everything msrp was $60,448.00. I got it for 53,500 plus tax and title.
08-27-12, 09:00 PM
#495
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I got mine fully loaded (Luxury Package + Nav + ML) which had an MSRP of ~$58k. I got it for $53.5k, which the dealer said was below invoice. Interestingly enough, it only took about 12 hours of searching to find the price I wanted 
I live in San Diego, CA btw.
I live in San Diego, CA btw.