Michigan Lexus Car Dealers

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MI Lexus Car Consumer Discussions

Re: Summertime buy or lease LS460/SWB in NYC [bermanslaw]: by topgun7 on Sat May 10 14:55:45 PDT 2008; "Either way, do I have any realistic chance of making a deal that will keep my monthly payment under $1K without making a down payment? I've read about those prepaid multiple security deposits and wonder whether that is a sensible tactic. " I am in a similar boat. Our 05 CLK55 is going off lease on 7/3 and we test drove an LS460 and is pretty impressed about it.. based on last month money factor and residual in April, there is a shot of getting LS below 1000 month including sales tax for 3 yr 12K lease (in California, sales tax are paid monthly and calculated based on monthly payment) with Comfort and ML/NAV package. But you pretty much have to get the car very near invoice and pay 9 security deposit to reduce the money factor by 0.00072 (roughly 1.7%) from the 0.00225 (or roughly 5.4%) that LFS is charging. The wild card is whether the May progarm has any change (e.g. the residual value) and it is going to be pretty tough to get invoice in NYC since the competition in NYC is not nearly as good as California or FL... http://mbworld.org/forums/showthread.php?t=229109 2008 Lexus LS460 � 4/12/08 24 Month � Residual 56% of MSRP � .00225 Base Rate 36 Month � Residual 50% of MSRP � .00225 Base Rate 48 Month � Residual 40% of MSRP � .00225 Base Rate 60 Month � Residual 31% of MSRP � .00225 Base Rate Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

Re: Current Money Factor and Residual for 2008 LS460s in So Cal? [ocautoseeker]: by kyfdx on Tue May 06 04:37:27 PDT 2008; I'm not sure how Toyota does it, but I have an example from Honda... They don't have lower residual percentages for mileage allowances higher than 15K/yr.. But, if you wanted 18K, and the charge is $0.15/mi., then they would deduct $0.15/mi. from the residual. $0.15 X 9000 mi. = $1350.. So if the residual for 3yr/45K were 50% of $70K, then the new residual for 3yr/54K would be $35K - $1350 = $33,650. I think this is the way most captive financial companies do it. I only know BMW and Honda, for sure. regards, kyfdx

Re: Current Money Factor and Residual for 2008 LS460s in So Cal? [tonym2]: by ocautoseeker on Tue May 06 00:39:43 PDT 2008; Pre-paid miles are .15/mi as opposed to .25/mi thereafter. It depends on how they want to structure the lease - but typically, the residual value will be readjusted for the additional cost of miles so that the vehicle will reflect a more accurate "market" value at lease-end. Assuming 18k, the residual on a 36 month term should drop to 48% (from 50% based on 15k).

IS250 Lease: by lauren619 on Tue Apr 29 10:11:39 PDT 2008; Hi! I live in the SoCal area. The following is the lease deal i was offered.. MSRP:35,695 Cap Price:32,372 Residual:20,027 12k mi/yr drive offs $772.44 (other than that $0 down) 427.12 + tax/month is this a good deal? it has everything put the NAV package

Lease Terms for 15k miles: by rflumerfelt on Sat Nov 24 21:46:51 PST 2007; I was jus quoted residual factor of 46% and a money factor 0.00295. Are these correct for an 08 GS, 15k mi/yr? Thanks in advance, Ray

Re: Need some guidance [jdm1114]: by ocautoseeker on Wed Feb 20 00:33:46 PST 2008; jdm114, Lexus' current buy rate for the LS460-L is .00245 and carries a 48% residual assuming a 36 month/15k-mi/yr lease term. Understand that rates can and very well may change in April when you're ready to lease. However, with the current numbers, I can give you a ballpark. Assume a fully loaded L around $83,600: I don't know how aggressive dealer's will be in NYC, but I do know they've been less aggressive on the LWB than the SWB. Let's just say you get $5k off, and they cap the cost @ around $78,600, you'd be looking at pretax monthly payments of around $1360. This figure does NOT include Lexus Financial's acquistion fee of $600, so you'd have to pay that as part of your drive offs, or it can be capped into your payments. You'll also pay 1st month + dmv fees, and possibly a security deposit of $510. Typically, Lexus will waive the SD for those that qualify for it's tier1+ credit. Hope this helps. As for the other vehicles, they all have their pros and cons as previously mentioned. I do like the S-class Mercedes and as also previously mentioned, it has AWD, but now you're looking at a $100k vehicle!! The current lease programs are horrible through Mercedes currently. You would definitely want to shop a secondary lender if leasing an S-class.

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