Lease Deals for 2013 ES
09-25-13, 06:57 AM
#1
Driver School Candidate
Thread Starter
Join Date: Sep 2013
Location: MA
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
Lease Deals for 2013 ES
Hi - anyone have any feedback on their experiences leasing a 2013 ES (or choosing not to lease). Also, based on what they have done in the past, what should we expect to happen to the September lease special once October hits - i.e. do they tend to make better deals or just move on to leasing the 2014?
Thank you all!
The Sun Rises
Thank you all!
The Sun Rises
09-25-13, 11:22 AM
#2
I just picked up an ES 300h with almost everything on it and got a great deal from my local dealer. I leased for 36 months and 15K a year for $89 a month less than a comparably equipped Avalon Limited Hybrid.
Depending on any special bells and whistles you might want to act now. I wanted the adaptive cruise control, and there was only one car at my dealer and only one other 490 miles away.
Depending on any special bells and whistles you might want to act now. I wanted the adaptive cruise control, and there was only one car at my dealer and only one other 490 miles away.
09-25-13, 12:23 PM
#3
Driver School Candidate
Thread Starter
Join Date: Sep 2013
Location: MA
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
I just picked up an ES 300h with almost everything on it and got a great deal from my local dealer. I leased for 36 months and 15K a year for $89 a month less than a comparably equipped Avalon Limited Hybrid.
Depending on any special bells and whistles you might want to act now. I wanted the adaptive cruise control, and there was only one car at my dealer and only one other 490 miles away.
Depending on any special bells and whistles you might want to act now. I wanted the adaptive cruise control, and there was only one car at my dealer and only one other 490 miles away.
09-25-13, 01:02 PM
#4
Car has Blind spot monitor, HID Headlights, Power Rear Sunshade, Luxury Package, Navigation, Intuitive parking assist, Lexus pre-collision Sys and Adaptive cruise control, rain sensing wipers with deicer, Heated steering wheel, accessory trunk pkg (trunk mat, net, and wheel locks). MSRP $48,227.
I leased with 15K/year with the sales tax included in the payment for $510/month, no money down other than first month and bank fees and tags.
I leased with 15K/year with the sales tax included in the payment for $510/month, no money down other than first month and bank fees and tags.
09-26-13, 05:20 AM
#5
Driver School Candidate
Thread Starter
Join Date: Sep 2013
Location: MA
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
Car has Blind spot monitor, HID Headlights, Power Rear Sunshade, Luxury Package, Navigation, Intuitive parking assist, Lexus pre-collision Sys and Adaptive cruise control, rain sensing wipers with deicer, Heated steering wheel, accessory trunk pkg (trunk mat, net, and wheel locks). MSRP $48,227.
I leased with 15K/year with the sales tax included in the payment for $510/month, no money down other than first month and bank fees and tags.
I leased with 15K/year with the sales tax included in the payment for $510/month, no money down other than first month and bank fees and tags.
09-26-13, 06:57 AM
#6
Driver School Candidate
Join Date: Mar 2005
Location: PA
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
You might want to learn about how lease payments are calculated before considering leasing a vehicle. Google ridewithg.com and read up. Monthly payments are not as important as residual value, sale price, and money factor. Those 3 variable will tell you how much you are paying in terms of depreciation and interest rate. You can also check the dealer's calculation if you know these 3, as I had a Lexus dealers make a "mistake" in their favor when I pointed out that their math was wrong. They first told me that my lease calculator was not accurate, until I was about to walk out. Then they found out their calculation mistake.
09-26-13, 10:10 AM
#7
Lexus Test Driver
Opus is correct - dealers love it when someone comes in not knowing how leases are structured and how they are calculated. Make sure you educate yourself or run the deal by someone who knows how to calculate a lease - it could save you from a mistake that will cost you thousands. The first basic in obtaining a good lease is to negotiate the lowest possible vehicle selling price upon which the lease will be calculated. The residual value is set by the manufacturer and is based on the annual mileage and length of the lease. The third component used in calculation is the lease money factor and is determined by your credit worthiness (better credit score gets lower lease money factor). A quick Internet search will take you to a number of sites that show in detail how leases work. It is worth the time to review them.
Bill G
Bill G
Trending Topics
09-26-13, 11:32 AM
#8
I only looked into a 12K and 15K lease. The monthly lease payment difference was $25 ($485 vs $510). Mileage overages are charged at 25 cents per mile. The break even price point was about 13,300 miles per year. I drive about 14,200.
The Lexus money factor was very good at the time I purchased the car. I do not intend to purchase the car at the end of the lease term. It has been my experience that if you use the mileage you contract to use, the residual value seems to be the FMV of the car at that time. I have only purchased one leased vehicle and that was because I had paid for 48,750 miles, and at the end of the lease term, the car had about 29,000 miles. (My wife's car)
I got my ES 300h for $1,218 below invoice not MSRP. The dealer sells a lot of cars and gets further incentives/discounts from Lexus that offset the the below invoice price. The money factor was low, and the residual was higher than the Avalon Hybrid. I think the money factor was due to the 2014's coming out soon, and Lexus wants to move the 2013's. If you have your own business, you might want to speak with your accountant to see whether it is better to lease or purchase.
I went into the Lexus dealer thinking I was going to get a Toyota Avalon Hybrid Limited, but the Lexus deal was far better, and the car drove much better than the Avalon.
Good luck.
The Lexus money factor was very good at the time I purchased the car. I do not intend to purchase the car at the end of the lease term. It has been my experience that if you use the mileage you contract to use, the residual value seems to be the FMV of the car at that time. I have only purchased one leased vehicle and that was because I had paid for 48,750 miles, and at the end of the lease term, the car had about 29,000 miles. (My wife's car)
I got my ES 300h for $1,218 below invoice not MSRP. The dealer sells a lot of cars and gets further incentives/discounts from Lexus that offset the the below invoice price. The money factor was low, and the residual was higher than the Avalon Hybrid. I think the money factor was due to the 2014's coming out soon, and Lexus wants to move the 2013's. If you have your own business, you might want to speak with your accountant to see whether it is better to lease or purchase.
I went into the Lexus dealer thinking I was going to get a Toyota Avalon Hybrid Limited, but the Lexus deal was far better, and the car drove much better than the Avalon.
Good luck.
10-03-13, 02:28 PM
#10
Driver School Candidate
Join Date: Oct 2013
Location: CA
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts
I leased a 2013 ES350 with Luxury Package, Navigation, 18" wheels, HID headlights, Power sunshade, Intuitive Parking Assist, Blind Spot Monitoring, Rain Sensing Wipers, Wood & Leather Steering wheel and trunk mat/cargo net/wheel locks/rear bumper applique. MSRP (including destination fees): $44,398. My lease is 36 months for 12K miles per year. $0 driveoff and $459 per month for the remaining 35 months (includes taxes).
Just finished a 39 month lease on a 2010 Mercedes E350 that was $690 a month and only 7500 miles per year. Only had the Lexus for a week, but I absolutely love it. Very, very happy with my decision.
Just finished a 39 month lease on a 2010 Mercedes E350 that was $690 a month and only 7500 miles per year. Only had the Lexus for a week, but I absolutely love it. Very, very happy with my decision.
10-04-13, 12:06 AM
#12
Driver School Candidate
Join Date: Oct 2013
Location: CA
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts
I leased a new 2013 ES350 last night. The MSRP is 42,870. I drove off with $0 down and monthly payment is 400.70. It was a 27 month lease with 12K miles per year. Money factor was .00060. Purchase price was 37,038. State & City tax of where I live are about 9.5%. I forgot the residual value but it is a constant and dealer doesn't have any say on that so you don't need to worry about that number. Just take whatever the dealer gives you. Oh btw, there was a 1800 lease rebate on 2013 which was used to get the above deal.
10-04-13, 07:56 AM
#13
Lexus Test Driver
I leased a new 2013 ES350 last night. The MSRP is 42,870. I drove off with $0 down and monthly payment is 400.70. It was a 27 month lease with 12K miles per year. Money factor was .00060. Purchase price was 37,038. State & City tax of where I live are about 9.5%. I forgot the residual value but it is a constant and dealer doesn't have any say on that so you don't need to worry about that number. Just take whatever the dealer gives you. Oh btw, there was a 1800 lease rebate on 2013 which was used to get the above deal.
Bill G
10-04-13, 09:01 AM
#14
Lexus Fanatic
This is actually not true. Dealers can REDUCE the residual and it adds profit back into the deal. You do need to know what the standard residual rate is from LFS or you may be overpaying.
10-04-13, 11:18 AM
#15
Driver School Candidate
Join Date: Oct 2013
Location: CA
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts