Help, first luxury car purchase, first lease, need advice
08-16-13, 06:54 AM
#16
Driver School Candidate
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Location: Virginia
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Alright, here are the numbers that have been hammered out. Let me know what you guys think.
MSRP: $60,157.00
Discounts: -$4577.00
Selling Price: $55.580.00
Accessories: $664.00
Document Prep: $349.00
Tags/Liscense: $65.75
Acquistion Fee: $700.00
Tax (4.19%) $2371.25
Total Cap: $59730.00
Cash Down: -$276.97
Rebate Savings: -$2500.00
Net Cap: $56953.03
36month/ 12k/yr $723.03/month
Lease details:
Residual @ 12,000/yr 36month 58% or $34891.06
Money Factor .0012
MSRP: $60,157.00
Discounts: -$4577.00
Selling Price: $55.580.00
Accessories: $664.00
Document Prep: $349.00
Tags/Liscense: $65.75
Acquistion Fee: $700.00
Tax (4.19%) $2371.25
Total Cap: $59730.00
Cash Down: -$276.97
Rebate Savings: -$2500.00
Net Cap: $56953.03
36month/ 12k/yr $723.03/month
Lease details:
Residual @ 12,000/yr 36month 58% or $34891.06
Money Factor .0012
08-16-13, 07:42 AM
#17
Lexus Fanatic
.0012 is high for the money factor. The base rate from LFS for August is .0008. They are inflating the MF and adding profit that way.
Go back and tell them you want the .0008 base rate.
Go back and tell them you want the .0008 base rate.
08-16-13, 09:33 AM
#18
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Location: FL
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Come take over my lease. But mine is RWD and no cold weather. Msrp is $57,xxx. I'm paying. $578/month 24 month 15k/yr lease. Only 4 months in 
That payment is including 7% tax so yours may be lower/higher
That payment is including 7% tax so yours may be lower/higher
08-16-13, 10:01 AM
#19
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Location: PNW
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08-16-13, 10:43 AM
#20
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I was able to get them to come down to .001 money factor. Changing it to 48 months payments are now at roughly $650.00/month. I am pretty happy with this, not nearly as good as what the guys in Cali are getting, but it doesn't seem too bad for VA.
P.S. I spoke with the Alexandria dealership last night, the main sales manager basically told me I was crazy and there is no way that the other dealership would give me that deal. He basically said he wasn't interested if that was in fact the deal I already had in place.
P.S. I spoke with the Alexandria dealership last night, the main sales manager basically told me I was crazy and there is no way that the other dealership would give me that deal. He basically said he wasn't interested if that was in fact the deal I already had in place.
08-16-13, 01:04 PM
#21
Lexus Test Driver
48 month lease???
Payment is too high...just finance it at that point.
Come to NYC - plenty of dealers and brokers will get u this car in the 500s as long as ur Tier 1 credit.
Payment is too high...just finance it at that point.
Come to NYC - plenty of dealers and brokers will get u this car in the 500s as long as ur Tier 1 credit.
08-16-13, 01:29 PM
#22
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Location: FL
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I was able to get them to come down to .001 money factor. Changing it to 48 months payments are now at roughly $650.00/month. I am pretty happy with this, not nearly as good as what the guys in Cali are getting, but it doesn't seem too bad for VA.
P.S. I spoke with the Alexandria dealership last night, the main sales manager basically told me I was crazy and there is no way that the other dealership would give me that deal. He basically said he wasn't interested if that was in fact the deal I already had in place.
P.S. I spoke with the Alexandria dealership last night, the main sales manager basically told me I was crazy and there is no way that the other dealership would give me that deal. He basically said he wasn't interested if that was in fact the deal I already had in place.
08-16-13, 05:27 PM
#25
Lexus Fanatic
I was able to get them to come down to .001 money factor. Changing it to 48 months payments are now at roughly $650.00/month. I am pretty happy with this, not nearly as good as what the guys in Cali are getting, but it doesn't seem too bad for VA.
P.S. I spoke with the Alexandria dealership last night, the main sales manager basically told me I was crazy and there is no way that the other dealership would give me that deal. He basically said he wasn't interested if that was in fact the deal I already had in place.
P.S. I spoke with the Alexandria dealership last night, the main sales manager basically told me I was crazy and there is no way that the other dealership would give me that deal. He basically said he wasn't interested if that was in fact the deal I already had in place.
What dealer is this?
Walk away.
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