Residual numbers please for IS350
#16
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Rockville,
Do you have MF and residual values directly from Lexus? If you do, can you please post them here? I need to make a decision on leasing vs. buying by today. My car should be here today. This would be on a IS350. Thanks.
Do you have MF and residual values directly from Lexus? If you do, can you please post them here? I need to make a decision on leasing vs. buying by today. My car should be here today. This would be on a IS350. Thanks.
#17
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Here are the numbers if you have some time:
2006 IS350
MSRP: $42, 275 (Navigation, Sport Package)
Price of car: $42, 275 (dealer won't budge off of sticker)
Length of lease: 36 months
Tax rate: 7.25%
Down payment: $0
FICO:740+
Thanks a lot!
2006 IS350
MSRP: $42, 275 (Navigation, Sport Package)
Price of car: $42, 275 (dealer won't budge off of sticker)
Length of lease: 36 months
Tax rate: 7.25%
Down payment: $0
FICO:740+
Thanks a lot!
#18
Lexus Test Driver
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Hmmm, what did I do wrong in my calculations?
According to my math, if you leased the IS for $37500 for 3 years and bought the car at the end with a 3 year loan@4.75, you would end up paying 42867 total
If you buy the car 60mo@4.75 you pay 42180... which isnt a big difference at all.
Example lease
Lease Price 37500/Term 36 months/12000mi
Buy out(62%) = 22196: Payment =484
36*484 + 1584 + 22196 = 41204
If you finance the 22196 over 36 months
Total after 6 years =(662.75*36)+(36*484)+1584 = 42867
Car loan =37,500
Loan @ 4.75*60 = 703.38
total payment after 5 years =703*60 = 42180
According to my math, if you leased the IS for $37500 for 3 years and bought the car at the end with a 3 year loan@4.75, you would end up paying 42867 total
If you buy the car 60mo@4.75 you pay 42180... which isnt a big difference at all.
Example lease
Lease Price 37500/Term 36 months/12000mi
Buy out(62%) = 22196: Payment =484
36*484 + 1584 + 22196 = 41204
If you finance the 22196 over 36 months
Total after 6 years =(662.75*36)+(36*484)+1584 = 42867
Car loan =37,500
Loan @ 4.75*60 = 703.38
total payment after 5 years =703*60 = 42180
#19
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Originally Posted by Maximus330
I just called my local dealer and he said the MF is .00275 on a IS350. Seems a bit high but we will see. I will get residual numbers soon.
Watch out for the HIGH MF numbers. Depending on your good credit score Lexus has MF numbers of 6.4% or .0026548 and up to 8% on their web site.
That dealer is just a little higher than LFS.
#20
Lexus Test Driver
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Originally Posted by Maximus330
Rockville,
Do you have MF and residual values directly from Lexus? If you do, can you please post them here? I need to make a decision on leasing vs. buying by today. My car should be here today. This would be on a IS350. Thanks.
Do you have MF and residual values directly from Lexus? If you do, can you please post them here? I need to make a decision on leasing vs. buying by today. My car should be here today. This would be on a IS350. Thanks.
Rock
#21
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Why are the leases so high on the IS, it just does not make sense.
Last year, I qouted a GX470 for my wife, and with 1000 down ( basically1st month, tax,title etc),
I was looking @ $512 a month.
The sticker was round 49K, for the GX, and the lease price was based on 42K...more or less what the IS is going for.
So why is it that the IS is so much more than the GX?
Last year, I qouted a GX470 for my wife, and with 1000 down ( basically1st month, tax,title etc),
I was looking @ $512 a month.
The sticker was round 49K, for the GX, and the lease price was based on 42K...more or less what the IS is going for.
So why is it that the IS is so much more than the GX?
#22
MultiTasking Mom
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Originally Posted by meteoro
Why are the leases so high on the IS, it just does not make sense.
Last year, I qouted a GX470 for my wife, and with 1000 down ( basically1st month, tax,title etc),
I was looking @ $512 a month.
The sticker was round 49K, for the GX, and the lease price was based on 42K...more or less what the IS is going for.
So why is it that the IS is so much more than the GX?
Last year, I qouted a GX470 for my wife, and with 1000 down ( basically1st month, tax,title etc),
I was looking @ $512 a month.
The sticker was round 49K, for the GX, and the lease price was based on 42K...more or less what the IS is going for.
So why is it that the IS is so much more than the GX?
in march 05 i leased the GS, money factor was .00207, which is less than 5% interest rate. lexus financial was the LEAST attractive of all the banks, probably because they know they can hold firm on their terms for the IS. make sure your dealer gives you 3-4 leasing banks to compare (or call around on your own first). i ended up going with US Bank, even though there is a disposition fee, the rate was substantially better. (with LFS, there is no disposition fee, and sometimes they will give you offers at lease end to get into another Lexus, but the rate was just too high this time
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