mtndoo817

Hi , Im new here and wanted to get opinions on whether im getting a good deal here.

Location: Dallas, Texas

Dealer: Sewell Lexus of Dallas


I've been trying to negotiate with one of the salesman here and my family has bought a car once from him back in 2012. Good Guy overall.


Vehicle im planning to buy is the 2015 Lexus IS 250 F sport AWD

TAX here is 8% which is roughly around maybe 3k tax rough estimate


Options: Navigation and Backup / BSM / Trunk, Mat

Color: Ultra White / Red Roija


TOTAL MSRP = $45,744
OTD: $44,236.55


I've only managed to talk him down to that OTD price after days. Before it was $45,773.52 but got him down to $44,236 OTD . Looks like ive seen better deals here and people getting IS 350 for 44K but many factors do play in. I've checked Truecar.com and i feel like i can get a better deal than $44.2k any opnions?

azmojo

Looks to me like you need more than 10k miles per year.

Stero87

I plan on keeping the vehicle after the lease term so the mileage is a moot point, correct? I'm just trying to keep the payment as low as possible.

chyeea03

If you plan on buying out the vehicle after the lease and keeping it for a bit longer, what if you reduced the mileage down to even 7.5k? I would think that would lower the payments on your lease and raise your RV but at least it'll bring down your monthly which is what you're aiming for. Think it'd also be possible to get out of paying for the nitrogen (unless you asked for it)?

recck

Trim: 2015 IS 350 F-Sport
Color: Ultra white, black
Upgrades: blind spot, navigation system
Purchase type: 36 month lease, 10k mi/yr
MSRP: 49,385
Discounts: leasing discount, college graduate discount
Lease payments based on purchase price of ~45k

I opted for 10k mi/yr since I commute to/from work using the train and really only drive it for pleasure.

ApexSilver

I'm sending you a message now...I bought my wife her is350 at that dealer.

gmanusmc

Have you crunched all the numbers between buying and leasing? If you intend to buy this car at the end of the lease, you may pay thousands more in interest than if you just bought it now at 1.9%. A 531 lease payment is high, especially on a 48 month, 10k lease. Press them on the money factor - your credit might qualify for better than .00085.

gmanusmc

Welcome to the forum - congrats on your new IS!

Stero87

My intentions are to keep it, but life happens and I might change my mind 4 years from now. I'd rather keep the payments low up until then. Financing would almost double the monthly payment. I know in the long term I might be paying more by leasing now, but the future is unknown. I'd rather be more financially stable in the present and near future.

azmojo

Life happens - that's more of an argument to buy. When you own, you can get rid of it whenever you like...

Stero87

There are options to get out of a lease: you can transfer lease to someone else or sell the vehicle as well. If I have to sell the vehicle within the next 4 years, which is highly unlikely, I'd rather be stuck with a lower payment than a higher payment in case I can't sell it.

Anybody else have thoughts on this deal specifically instead of advice on whether or not I should lease? I've decided to lease.

MSRP: 47,519
Rebate: 1,500
Tint: 345
Nitrogen: 60
Annual Mileage: 10,000
Trade Value: 34,024
Trade Payoff: 34,024
Residual Value: 26,135.45
Money Factor: .0085
Lease term: 48 months
Money down: 0
Monthly payment: 531

chyeea03

See my post above #2554. See if you can also get a better money factor if you really do have good credit or even use MSD (if allowed) to lower it even more.

gmanusmc

I tried to convey to you that the payment is too high, especially on a 48 month lease - you apparently have made your mind up already.

If you care to provide the rest of the details like selling price, we can probaby give you a more detailed opinion - if you want it.

What is the 1500 rebate?

You can take this thought for what you feel it is worth: with the info you have provided, that is a terrible deal.

Wambulance

New to the board and new IS owner I've read through this thread and it helped me with purchasing my car!

Trim: 2015 IS 250 F-Sport
Type of Purchase: Finance
Color: Ultra White / Rioja Red
Upgrades: F-Sport package, Blind spot Monitor, Back up camera, "Preferred accessories package"
Price Paid: $37,500 ($40,416 OTD w/ 8.75 CA sales tax + fees)

gmanusmc

Welcome to the forum - lots of good info here.

Congrats and enjoy!