Lease Numbers - What to Ask For
#16
Pole Position
Thread Starter
To clarify, the dealer just said the lower cap cost and money rate would've been available as part of the year end sale on the 2014 model. Perhaps it's tougher to get good deals on the 2015 model as it's just been released? I'm not interested in the 2014 because it doesn't have a heated steering wheel.
With the harsh winter last year, I became addicted to the heated wheel in my current car.
With the harsh winter last year, I became addicted to the heated wheel in my current car.
#17
Lexus Champion
To clarify, the dealer just said the lower cap cost and money rate would've been available as part of the year end sale on the 2014 model. Perhaps it's tougher to get good deals on the 2015 model as it's just been released? I'm not interested in the 2014 because it doesn't have a heated steering wheel.
With the harsh winter last year, I became addicted to the heated wheel in my current car.
With the harsh winter last year, I became addicted to the heated wheel in my current car.
#18
Pole Position
Thread Starter
I never would've checked a box for a heated steering wheel. But I bought a used 335i that has one and it's become one of my favorite features of the car. Sounds crazy, but it feels so good on cold winter days that I don't want to give it up. The dealer said that he expects the deals to get a little better in the coming months, once all the 2014s are gone.
#19
Don't compare leasing on the east coast versus the west coast, they get much better deals out there. With your credit rating you should be able to get the MF down from what they quoted you also. What was the list price of this car, just wondering how much they discounted it.
So I got my first numbers back today. It's for a 2015 IS350 F-Sport with Nav. Seems a lot higher than the deals others post on here:
27 Month Lease, 12k miles
Cap Cost: $47,419 (this is higher than the TrueCar price of $46,292)
Residual: 72%
Money Rate: .00130 (I have an almost perfect credit score, so this seems high)
Monthly Payment: $554
Monthly Tax 11%: $60.94 (6% state, 2% county, 2% city, not sure where the other 1% comes from)
Upfront Fees: ~$1300 (first payment plus $700 bank fee)
The fees for the 36 month lease were about 15 lower per month.
27 Month Lease, 12k miles
Cap Cost: $47,419 (this is higher than the TrueCar price of $46,292)
Residual: 72%
Money Rate: .00130 (I have an almost perfect credit score, so this seems high)
Monthly Payment: $554
Monthly Tax 11%: $60.94 (6% state, 2% county, 2% city, not sure where the other 1% comes from)
Upfront Fees: ~$1300 (first payment plus $700 bank fee)
The fees for the 36 month lease were about 15 lower per month.
#20
So I got my first numbers back today. It's for a 2015 IS350 F-Sport with Nav. Seems a lot higher than the deals others post on here:
27 Month Lease, 12k miles
Cap Cost: $47,419 (this is higher than the TrueCar price of $46,292)
Residual: 72%
Money Rate: .00130 (I have an almost perfect credit score, so this seems high)
Monthly Payment: $554
Monthly Tax 11%: $60.94 (6% state, 2% county, 2% city, not sure where the other 1% comes from)
Upfront Fees: ~$1300 (first payment plus $700 bank fee)
The fees for the 36 month lease were about 15 lower per month.
27 Month Lease, 12k miles
Cap Cost: $47,419 (this is higher than the TrueCar price of $46,292)
Residual: 72%
Money Rate: .00130 (I have an almost perfect credit score, so this seems high)
Monthly Payment: $554
Monthly Tax 11%: $60.94 (6% state, 2% county, 2% city, not sure where the other 1% comes from)
Upfront Fees: ~$1300 (first payment plus $700 bank fee)
The fees for the 36 month lease were about 15 lower per month.
Yeah I know you're talking a 2015, and a IS350 ... but that much more a month seems like a lot, also considering how much you have to come up with.
#21
Pole Position
Thread Starter
Got some more info as to why the deal is high now. The TrueCar price for a 2015 is currently $1k higher than a 2014. Also, the money rate for a 2015 is higher than the 2014. Lastly, the car he quoted me was one on the lot which included about $1000 in options that I don't want (spoiler, blind spot, trunk mat, etc.). Add it all up, hence the higher price.
He said that as they get rid of all the 2014s, then deals and money rate for the 2015 should improve. Also, I'm going to wait to get a car that has only the options that I want. I'm not in a rush, so I can certainly wait for a better deal.
He said that as they get rid of all the 2014s, then deals and money rate for the 2015 should improve. Also, I'm going to wait to get a car that has only the options that I want. I'm not in a rush, so I can certainly wait for a better deal.
#22
Lexus Champion
Got some more info as to why the deal is high now. The TrueCar price for a 2015 is currently $1k higher than a 2014. Also, the money rate for a 2015 is higher than the 2014. Lastly, the car he quoted me was one on the lot which included about $1000 in options that I don't want (spoiler, blind spot, trunk mat, etc.). Add it all up, hence the higher price.
He said that as they get rid of all the 2014s, then deals and money rate for the 2015 should improve. Also, I'm going to wait to get a car that has only the options that I want. I'm not in a rush, so I can certainly wait for a better deal.
He said that as they get rid of all the 2014s, then deals and money rate for the 2015 should improve. Also, I'm going to wait to get a car that has only the options that I want. I'm not in a rush, so I can certainly wait for a better deal.
#24
Lexus Test Driver
#26
#27
Lexus Champion
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