Lease pay for ES?
Lexus Test Driver
Joined: Aug 2006
Posts: 1,491
Likes: 1
From: MD
Rookie
Joined: Apr 2007
Posts: 58
Likes: 0
From: nc
$450 per month
I pay $450 per month for 15,ooo miles per year for 4o months. I put $6000 down and sticker was $45,240. With 0 down $650 isn't bad in my opinion but with all the problems with the ES I would look elsewhere. Atleast with a lease you know when your bad decision is history. Sad fact, even with $6000 down on the lease I'm upside down on a trade. This ES350 is not a hot item on the used car market. Bet the market will will flooded with lease turn ins,
The buy out price is much higher than the real value of this piece of crap.
The buy out price is much higher than the real value of this piece of crap.
Lead Lap
Joined: Aug 2006
Posts: 621
Likes: 0
From: California
$587 for 3 yr/36K mile lease on a UL w/ $1300 down (includes acquisition fee and vehicle reg/title fees, but no security deposit or first month payment). The finance guy offered me the option to do it w/ no down but seeing a sub-$600 monthly payment feels so much better for my psyche--LOL! Monthly payment would have been a bit lower had I qualified for Tier-0 financing (only good enough for Tier-1)...
Of course, now that the prime rate is lower now than it was back in 2006 (which is when I purchased mine), I'd reckon that even lower lease payments are possible.
mmrfr--I'm sure you have your reasons for doing so, but the general recommendation is to not put down such a sizable deposit--the main reason being that, in the (highly-unlikely but not entirely impossible) event that your car gets totaled and is declared a complete loss by your insurance company...that's $6000 you have essentially thrown away.
Of course, now that the prime rate is lower now than it was back in 2006 (which is when I purchased mine), I'd reckon that even lower lease payments are possible.
mmrfr--I'm sure you have your reasons for doing so, but the general recommendation is to not put down such a sizable deposit--the main reason being that, in the (highly-unlikely but not entirely impossible) event that your car gets totaled and is declared a complete loss by your insurance company...that's $6000 you have essentially thrown away.
Last edited by toneman; May 12, 2008 at 11:49 AM.
Trending Topics
Lexus Test Driver
Joined: Aug 2006
Posts: 1,491
Likes: 1
From: MD
I actually purchased mine.
$7K down
Added 3m clear bra,XM radio and 3 years of unlimited dent removal
TT&L
UL ES350 with everything except radar cruise
$622 per month @ 72 months.
So, it seems a purchase and lease may not be far apart in payment.
Just watch those leases, dealers can hide profit!!!
$7K down
Added 3m clear bra,XM radio and 3 years of unlimited dent removal
TT&L
UL ES350 with everything except radar cruise
$622 per month @ 72 months.
So, it seems a purchase and lease may not be far apart in payment.
Just watch those leases, dealers can hide profit!!!
ClubLexus Stories
Celebrating Lexus & Toyota from Around the Globe
Top 10 Lexus & Toyotas to Drive Before You Die!
Joe Kucinski
Top 10 Lexus/Toyotas With The LEAST 5-Year Depreciation
Joe Kucinski
Lexus LC500 Convertible Auction: A Preview of Rising Values?
Brett Foote
GX 550 vs TX 550: Best 3-Row Luxury Lexus Family Hauler
Michael S. Palmer
9 Best Lexus Models You Can Buy for Half Price (And 1 You Shouldn't!)
Joe Kucinski
2026 Lexus NX Buyer's Guide: Models, Features, Prices & More!
Brett Foote
Top 10 Reasons to Buy a Lexus TX 550h+ (& 3 Reasons to AVOID!)
Michael S. Palmer
Top 10 Lexus & Toyota Models of the 1990s RANKED!
Joe Kucinski
10 Great Toyotas That Could Have Been Lexus Models
Joe Kucinski
Thread
Thread Starter
Forum
Replies
Last Post
ja00386
ES - 1st to 6th Gen (1990-2018)
12
Feb 3, 2013 01:24 PM
