ALL About Leasing and Buying
09-06-14, 06:13 PM
#93
Lexus Fanatic
Looks like a pretty good deal to me!
09-08-14, 01:21 AM
#95
Lexus Test Driver
After lurking and vicariously enjoying this forum for years, it's finally my turn. Got wife to take a test drive today and she grinned ear to ear. This would be my first lease so I need your help. Please advise if this is a good (enough) deal...
2014 F Sport, 27 months, 15k miles
MSRP: $59,383
Sale Price: $52,795
Base Payment: $539.25
Total Payment: $586.43
Purchase Option: $38,598
Excess Mileage Charge 0.25
Total Inception Fees: $1,248.44
Rebate as Cap Reduction: $951.56
Total Drive Off: $2,200
Rebate as Drive Off: $1,248.44
Total Cash Required on Delivery 0.00
MF: 0.00025
Thanks in advance for your help!
2014 F Sport, 27 months, 15k miles
MSRP: $59,383
Sale Price: $52,795
Base Payment: $539.25
Total Payment: $586.43
Purchase Option: $38,598
Excess Mileage Charge 0.25
Total Inception Fees: $1,248.44
Rebate as Cap Reduction: $951.56
Total Drive Off: $2,200
Rebate as Drive Off: $1,248.44
Total Cash Required on Delivery 0.00
MF: 0.00025
Thanks in advance for your help!
1) Purchase Option (Residual) looks low. Should be closer to 70% than current 65% to reduce monthly payment by >$100
2) Sale Price is high? Could to better than $52,795. I'm willing to try!
3) Inception fees and rebates should be deducted from cap costs
4) MF looks good
5) This calculator helps: http://www.ridewithg.com/calculator/index.html
Thanks everyone for your inputs. I'm still working it.
09-08-14, 04:28 AM
#96
Lexus Test Driver
Thread Starter
Update. So far, CL members have said that:
1) Purchase Option (Residual) looks low. Should be closer to 70% than current 65% to reduce monthly payment by >$100
2) Sale Price is high? Could to better than $52,795. I'm willing to try!
3) Inception fees and rebates should be deducted from cap costs
4) MF looks good
5) This calculator helps: http://www.ridewithg.com/calculator/index.html
Thanks everyone for your inputs. I'm still working it.
1) Purchase Option (Residual) looks low. Should be closer to 70% than current 65% to reduce monthly payment by >$100
2) Sale Price is high? Could to better than $52,795. I'm willing to try!
3) Inception fees and rebates should be deducted from cap costs
4) MF looks good
5) This calculator helps: http://www.ridewithg.com/calculator/index.html
Thanks everyone for your inputs. I'm still working it.
My deal was $58.5msrp, $51.5 sell price payments $510/ only $800 out if pocket includes 1st payment on a 36m lease
Last edited by FastTags; 09-08-14 at 04:33 AM.
09-08-14, 09:03 AM
#97
Driver School Candidate
Join Date: Oct 2013
Location: ca
Posts: 33
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The 65% residual is due to the 27 month, 15k/yr. 70% residual for 24 month, 10k/yr. The longer the term, the lower the residual. Also, higher milage allowance, the lower the residual.
12-16-14, 07:31 PM
#99
Lexus Fanatic
Thats a good question...
03-04-15, 09:41 PM
#101
What about if I'm living in Washington and wanted to purchase out of state (California) ? How would I go about negotiating the vehicle I want? I'm afraid I'll book a flight down there and the salesman would play games with me (raising the agreed price..etc.)
03-04-15, 10:54 PM
#102
Driver School Candidate
Join Date: Jan 2015
Location: Florida
Posts: 30
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03-09-15, 10:11 AM
#103
Lexus Test Driver
Thread Starter
that can be arranged. just call them and get an internet sales guy. Get the deal over the phone/via email, submit credit app, you can sign all the documents and over night to them. they can even ship it to you for an extra $300-400
04-05-15, 12:17 PM
#104
Driver School Candidate
I have a question. I think I got played for my lease. I believe my credit score of 792 puts me in tier 1+ correct? If so, shouldn't my MF be less than .0012? Also if it should be lower, and if the lease is already signed, is it too late and I am stuck with that in my payments?
04-05-15, 04:02 PM
#105
Lexus Fanatic
I have a question. I think I got played for my lease. I believe my credit score of 792 puts me in tier 1+ correct? If so, shouldn't my MF be less than .0012? Also if it should be lower, and if the lease is already signed, is it too late and I am stuck with that in my payments?
And dealers can pad the money factor for extra profit, they do it all the time.