i thought i saw a thread that talked about the money factor currently being used but can't seem to find it. anyone have that info handy? need to know what to expect when i go into the dealership.

also, if the terms are the same, does it change based on model? i.e. comparing gs to es.

thanks in advance.

 

I'm not sure how much of a difference the sale saving is from November to December. But here is some of my info. from when I bought my car on 11/15/07.

GS350 Fully loaded with ML, Navi, all of it.
MSRP: $51,300
Bought it for: $46,500 out the door
Tax was around $2,600 or something along that line.

So, I save around $7,400 without tax, etc. I've heard of others buying GS350s (unknown options) for around $40-44k but I am not sure if that is with or without tax. People like to "get the better deal" so they tend to fib a little sometimes. Why? I am not sure.

 

Well, lease financing rates are regional so you have to take this with a grain of salt. In So Cal, a 36 month lease on a GS with 12k miles per year has a residual of 51% and a base MF of .00185 during the December to Remember event (this assumes tier 1 credit) - YMMV.

 

i assume that money factor was via lexus or toyota's financing correct? that's about what i was looking for in a rate.

also - the mf would not vary by car or options, where the residual would however. am i correct in this?

do you happen to know the fico numbers for tier 1?

 

residual may vary by model, but not the options... Residual is just a percentage of the total MSRP. You usually have to get Tier 1+ for the best MF which i believe is 740 or above.

 

What yr is this?

 

2007. You can get a 2008 for about $3500-$5000 off MSRP but the discount is $5500-$7500 on a 2007. I think the extra $2,000-$2500 for a 2008 is money well spent. Others would prefer the savings.

 

Not much of a big difference. I mean if it had more power then yeah. But to me I liked the grill on the 07s and 06s much better. Although there are a few things I would like that the 08s have, but nothing too crazy that would make me want to trade in my car.

 

Just to verify it for you.

The residual is 51%/12K and 49%/15K and the MF is 0.00185 for the december to remember sale.

Teir 1+ is 720+, taken from Transunion, they can also pull Equifax if needed but first choice for most Lexus dealers seems to be transunion.

 

Hey do you guys/gals happen to know the residual value on the IS350 right now? Money factor seems good so I am looking at leasing one. BTW, didnt mean to intrude on this thread as I know it was intended for the GS, but I cant seem to get an answer in the IS forums. Thanks in advance.

 

I thought most dealers use Equifax to obtain the auto Beacon score......

 

+1

Equifax 1st...then the other 2...