416FNHP

Greetings all, first post after months of reading. I am considering a lease of a 2008 IS-F with a sticker price of 61,875. It is a "demo" model, which I assume has been beaten from day one although aesthetically, it is mint.

Specs:
Black/Black
Fully loaded
Just under 4,000 miles

Lease option
4 years
12k per year

2000K down

Total monthly price $744.87

Deal or not a deal?

Thanks much all!

Salil022

iTrader: (1)

Have you consider financing it for 60 months? I am assuming it will be little more per month and another year of payment but the car is yours!!!

markkin

Is the IS getting a new design in 2012? If so, the residual value for the vehicle will be lower. Just look at all the first generation IS. The value of the first generation IS drop since the 2nd generation IS came out. Most people who buy new Lexus, prefer the newest design. I do not know much about leasing but maybe you can use this to negotiate.

LEXUSF

iTrader: (3)

do you know the residual amount? And money factor?

cm09578

iTrader: (10)

Do a three year lease...the price will be a little more per month, but you are not paying for the extra year. I would also take a close look at how much driving you will be doing. 12k per year is only 32.8 miles of travel a day. I have a 3 year 15k per year lease

cm09578

iTrader: (10)

Also......I have a lease BC I can write off the payments through my business. A lease is great for a (1099 income) person.

416FNHP

Good stuff all, I like leasing as it has fit my lifestyle for awhile now. In regards to the resid,I'll look into it more tomorrow. Thanks all, maybe I'll join the family soon!

bsteven43

Generally speaking, the major negotiation point on a lease is the actual purchase price of the vehicle. The bank or Toyota Financial will set the money factor and residual. As a point of reference, I just bought my IS-F with 550 miles for $50,600. I would expect you could get the one you're looking at for that or better.

If the dealer is reputable, the calculation of the payment is just a function of MSRP, Sell Price, Term, MF and Residual. Focus on sell price and the rest will take care of itself with respect to the lease.

However, as a previous poster said, four years is a pretty long lease, the payments are probably marginally lower to have gone four years, I'd reconsider three. Also, the finance rates (money factors) are often no longer very attractive. Buying the car conventionally may get you a better rate.

Post again when you get more information.

kalvano

3 years should change payments by about $30 - $40 a month.

I would do a 3 year.