Im located here in South Florida, and I am going to lease a loaded IS350. Can anyone give me a heads up on how much these leases are going for?.....I went to the dealer last week they told me mid to high $500's with inceptions....So far whats the best deal out there, any info provided would be greatly appciated...Thanks....Jay.S

 

I believe the best money factor is .00235. Residual is 62% for a IS350 without Navi and 60% with navi. These terms are good for 15k/year on a 36 month lease.

 

What dose that mean in terms of lease payment amount....

 

Here ya go! Plug in the numbers and it should give you a decent estimate on your payment. You may have to add in $600 for the lease acquisition cost on your car. Thus, just add $600 into the price you paid for your car.
http://www.edmunds.com/apps/calc/Cal...ion=lease_calc

 

Maximus330 has given you almost everything you need to calculate the lease payment. The money factor is the interest rate and he gave you the one from Lexus Financial Services (LFS). They tend to have the best leasing terms when you look at money factor, residual percentage and they don't charge a disposition fee at the end of the lease. Here's a little bit more about what you need to know to use that lease calculator.

Vehicle Sales price is the price you negotiate. You MUST negotiate a sale/purchase price even if you're leasing because this will reduce your monthly payment.
Lease Residual Value is the sticker price (NOT the negotiated purchase price) times the residual percentage. As an example, if the sticker price was $40K for a navigation car, the residual value would be $40K * 60% (percentage given by Maximus330 above) = $24K. That's the number you would put in the Lease Residual Value field.

Oh by way, those residual percentages are different on a 12K miles/per year lease. I believe they are 2% higher on a 12K miles/per year lease instead of 15K miles/per year.

Hopefully you can calculate your estimated payment.

 

can you explain how LFS works? I went to their site, and it's not really clear as to what they do. Do they provide actual leases and order cars, or do you get a lease through them, then go into your dealership and pick out a car there or something?

 

just talk to your dealer. once you have the car, they will ask you to fill ou the LFS application and from there they will determine your rate and payment. you can use LFS's website, but you might as well wait until you have a car lined up before they pull your credit, etc.

if you are anxious to get some #s now, the dealer's finance dept can give you an idea of your payment based on you telling them your FICO.