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What is your negotiated purchase price?
What's the money factor?
I feel like you can definitely do better.
They are buying me out of my IS350 Lease which end OCT 2016,(surprised) $5,000 of msrp of RCF $3000 RCF lease cash, $8k Total. 36 month sign & drive $975 has all options but performance package.
They are buying me out of my IS350 Lease which end OCT 2016,(surprised) $5,000 of msrp of RCF $3000 RCF lease cash, $8k Total. 36 month sign & drive $975 has all options but performance package.
For the 2nd time....WHAT IS THE MONEY FACTOR???
I don't know the stipulations of them buying you out...but I believe you can still do better. I would ask for at least $8k off and then the additional $3000 in lease cash.
I don't know the stipulations of them buying you out...but I believe you can still do better. I would ask for at least $8k off and then the additional $3000 in lease cash.
Hi there, am currently negotiating with my dealer right now. They are giving me 5K off plus the 3K lease cash. Money factor is 0.0015.
Hi there, am currently negotiating with my dealer right now. They are giving me 5K off plus the 3K lease cash. Money factor is 0.0015.
What shall I counter them? Thanks ghoffner.
If your credit score is over 720, you should have a money factor 1/2 as high. I would ask about 0.0008. A money factor of 0.0015 is equivalent to an APR of 3.6%.
Depends on your circumstances tho...If there are other Lexus dealers in your area then I would counter with $8-9k off MSRP and the additional $3k in lease cash. I guarantee you could find that deal somewhere if you call enough places. I literally started just emailing dealers and saying "Look, I have offers of $x,xxx and I am looking for $x,xxx off MSRP, can you work with this?" You'd be surprised what your responses are.
Good luck. But I WOULD NOT accept your current offer. You can do better...
If your credit score is over 720, you should have a money factor 1/2 as high. I would ask about 0.0008. A money factor of 0.0015 is equivalent to an APR of 3.6%.
Depends on your circumstances tho...If there are other Lexus dealers in your area then I would counter with $8-9k off MSRP and the additional $3k in lease cash. I guarantee you could find that deal somewhere if you call enough places. I literally started just emailing dealers and saying "Look, I have offers of $x,xxx and I am looking for $x,xxx off MSRP, can you work with this?" You'd be surprised what your responses are.
Good luck. But I WOULD NOT accept your current offer. You can do better...
My credit score is definitely above 720. I just emailed my dealer for a 0.0008 money factor. I will let you know their response. If they respond negatively, I will just look out of state. Thanks for you reply!!!
I just wanted to say thanks to ghoffner officially for this thread.
I went to the same dealer today and got nearly the same deal for a USB RCF myself.
Ended up being 12.5 K off instead of 13, but still pretty good.
Not a great trade-in value for my previous car, but no less than what everyone else was offering. Really wanted to sell that on my own, but did not want to miss this 13K-off opportunity.
Took a couple of quick photos before leaving the dealer!
Smok'n! Congrats. Looks like an early Christmas for all! Ho, ho, ho! Now just add a little of this and you'll be doing this .... Slaying dragons my friend.
Lol. Congrats. She's a beauty. My choice of color.
I don't know the stipulations of them buying you out...but I believe you can still do better. I would ask for at least $8k off and then the additional $3000 in lease cash.
I got them to now $6k off msrp, $3000 lease cash, money factor 0.00090, buyout of my lease that ends in oct 2016. Feel like I can get at least another $1.5k off.... Picture of the beast is above!
Great job Ghoffner, glad to see it all worked out for you.
For everyone else, I was also negotiating at the same time as him and can tell you these numbers are legit. I too contacted several dealers around Texas and Florida and they are very motivated to sell.
Unfortunately with a 4 month old I had to back out after I could not get a car seat to fit and still have a usable front seat. Oh well, maybe in a few years
So I have a question, I think I already know the answer to this.. But why are you guys leasing the RC-F vs buying?. Are there better incentives to lease over buying?
This is my first time leasing.
I decided to lease because of the 3,000 lease cash for one, but also to cover any risk in case this model just totally tanks and it isn't worth anything in 3-4 years.
I hope that is not the case, and I will likely just buy it out and keep it unless the NSX or something like that actually happens and is worth the price and/or will really be an upgrade.
I got them to now $6k off msrp, $3000 lease cash, money factor 0.00090, buyout of my lease that ends in oct 2016. Feel like I can get at least another $1.5k off.... Picture of the beast is above!
I'm not sure how to value your buyout, but I still think you can do better. Just tell them you're reading on forums about people getting $9k off + the $3k lease cash and that you're going to be patient until you find a dealer willing to do that. I bet that will change things
So I have a question, I think I already know the answer to this.. But why are you guys leasing the RC-F vs buying?. Are there better incentives to lease over buying?
Leasing for a 2 main reasons...
1. I view leasing as an insurance policy for depreciation. If the car goes under and isn't worth anything in 3 years, then I literally owned it for as cheap as possible. If the car does great and is worth more than my investment after 3 years, then I'll buy it out and either keep it or resell it.
2. I got a deal of $0 down and am only paying $677/month...with a money factor of 0.0008 (1.9% APR). This means 2 things...
- I'm not putting $20k down and then losing 50% of that as soon as I drive off the lot.
- I can keep money in other investments and generate returns that support me paying the 1.9% APR. (I considered 1 pay lease, but again it doesn't make sense to me)
If you don't plan on keeping a car long term (8+ years), I don't understand why you WOULD NOT consider leasing...unless you drive 30k miles a year or something...
Leasing for a 2 main reasons...
1. I view leasing as an insurance policy for depreciation. If the car goes under and isn't worth anything in 3 years, then I literally owned it for as cheap as possible. If the car does great and is worth more than my investment after 3 years, then I'll buy it out and either keep it or resell it.
2. I got a deal of $0 down and am only paying $677/month...with a money factor of 0.0008 (1.9% APR). This means 2 things...
- I'm not putting $20k down and then losing 50% of that as soon as I drive off the lot.
- I can keep money in other investments and generate returns that support me paying the 1.9% APR. (I considered 1 pay lease, but again it doesn't make sense to me)
If you don't plan on keeping a car long term (8+ years), I don't understand why you WOULD NOT consider leasing...unless you drive 30k miles a year or something...
Other input?
All Great Reasons! Still waiting to hear back, told them i want another 3k off $9k total plus $3k Lease Cash $0 down or ill wait
11-04-15, 10:51 AM
Now just add a little of this
and you'll be doing this ....
Slaying dragons my friend. 
