Xclusive11

Currently I got an offer for leasing the 2014 IS 250 AWD F Sport, Obisidan with Red interior.
with $2499 down included all fees and taxes, and $415 a month. 10k Miles
This is the first time im leasing a car, So what do you guys think? And Im at the Eastern coast

ilshm113

is it 12k mile or 15k / yrs ??

Xclusive11

10k Miles per year

gmanusmc

It doesn't sound so great but to be sure, you need to provide:

- Is a trade in involved?
- What is the msrp?
- What is adjusted cap cost including the $700 lease initiation fee?
- What is the residual value %?
- What lease money factor is being used?

I know we are a different market here in CA but it doesn't sound like you a getting much off msrp if anything.

All the info I mentioned should be easily provided by the dealer - if not, they are being shady.

Bill G

ilshm113

mine was.. 2014 lexus is 250 f sport AWD.

2500 cash down.. 12k / year.. $420/ month

first payment free

gmanusmc

Again - it helps more if you could provide the details of the deal.

Msrp incl options, adj cap cost, residual, money factor, etc.

Also, straight deal or trade in involved?

Xclusive11

No trade involved, the msrp is $45,193
leasing at the price of $42592
residual value is 73%
and moneyfactor is 0.00085

gmanusmc

Looks like you got around 2600 off msrp. With the info you stated, I compute a 370 payment before tax - not sure what your tax rate is. NY sounds like a tough market - folks out here are getting much better discounts - lots of Lexus dealers - lots of competition.

Good luck on the deal.

Bill G

Xclusive11

Thanks Bill,
I've spoke to my salesman, he acted kind of shady now....keep pushing me to the car and I don't like that. I'm considering cancel the deal with him.
BTW, NY Sales tax is 8.875%

gmanusmc

You're doing the right thing by researching as much as you can before inking the deal. Try to get some other dealers involved to get some competition going - you might see the pricing get a little more flexible. Also, try to hold off on finalizing the deal til the end of the month - that will give you some leverage too.

Lost808

How long is the lease term for? On a 27 month, I calculate $388.26 (all inclusive).

Xclusive11

27 MONTHS, first month waived, now he offers me 400 even for a month, lol.

Lost808

$400 is still more than I calculated, so it looks like they are trying to sneak something else into the lease. If you decide to go with them (or anyone), make sure to read the paperwork completely, as it can be more confusing than a normal finance purchase. Before I learned to calculate leases (good to know before walking into a dealership) I used this iPhone app to help with my past ones. iLeaseCarPro

Xclusive11

BTW, besides with the F Sport package, the car also comes with Navi, premium and luxury package....I'm not good with what comes with what...but that's what I've been told from the salesman.....Would it still a good deal for 400 even with 2500 hundred down, 10k/ year?

Xclusive11

I just got another offer from my salesman. This time is $2500 out of the pocket included tax and fees, and $365 monthly payment. for 27 month lease, 10k miles per year. First month payment is waived. So what do you guys think? I think its way better than the first one he offered me