Is350 Leasing !!!
Pole Position
Joined: Jun 2005
Posts: 237
Likes: 0
From: Nebraska
Originally Posted by cashu2
Interesting, were those payments including tax?
Pole Position
Joined: Jun 2005
Posts: 237
Likes: 0
From: Nebraska
Originally Posted by newr
06 GS430 MSRP $58K.
after 3 years and 36K miles, its value is ~$31K. Now, that is a good buy. The dealer is going to add a few grands on top of it, but it's still a good price regardless.
I have a question to those who lease their cars. Do you drive the **** out of it because it's a leased car? or you treat it like it's your car eventhough you have no intention of keeping it when the lease ends.? Thanks
after 3 years and 36K miles, its value is ~$31K. Now, that is a good buy. The dealer is going to add a few grands on top of it, but it's still a good price regardless.
I have a question to those who lease their cars. Do you drive the **** out of it because it's a leased car? or you treat it like it's your car eventhough you have no intention of keeping it when the lease ends.? Thanks
Pole Position
Joined: Jun 2005
Posts: 237
Likes: 0
From: Nebraska
Originally Posted by newr
06 GS430 MSRP $58K.
after 3 years and 36K miles, its value is ~$31K. Now, that is a good buy. The dealer is going to add a few grands on top of it, but it's still a good price regardless.
I have a question to those who lease their cars. Do you drive the **** out of it because it's a leased car? or you treat it like it's your car eventhough you have no intention of keeping it when the lease ends.? Thanks
after 3 years and 36K miles, its value is ~$31K. Now, that is a good buy. The dealer is going to add a few grands on top of it, but it's still a good price regardless.
I have a question to those who lease their cars. Do you drive the **** out of it because it's a leased car? or you treat it like it's your car eventhough you have no intention of keeping it when the lease ends.? Thanks
Originally Posted by upbull340
I lease and I take care of my car as if I owned it. I wax it by hand and don't let anyone smoke, eat or drink in the car. After I don't park next to other cars.
Leasing is an excellent idea if...
1) you don't drive a lot
2) you enjoy having something new every 3-4 yrs
3) interest rates or the money factor is low and car has high residual (since you’re paying for the depreciation of the vehicle).
It is simple mathematics really. Instead of locking up all $44K into the car immediately, make you’re monthly payments and use the rest of left over money and invest it. A traditional 1-yr CD is yielding 4.25% already.
Conclusion…
Buying results in 44K depreciating immediately to around 35K once it rolls off the dealer’s lot. Lease results in you just paying you’re monthly dues and use the remaining balance and appreciate the value by investing.
1) you don't drive a lot
2) you enjoy having something new every 3-4 yrs
3) interest rates or the money factor is low and car has high residual (since you’re paying for the depreciation of the vehicle).
It is simple mathematics really. Instead of locking up all $44K into the car immediately, make you’re monthly payments and use the rest of left over money and invest it. A traditional 1-yr CD is yielding 4.25% already.
Conclusion…
Buying results in 44K depreciating immediately to around 35K once it rolls off the dealer’s lot. Lease results in you just paying you’re monthly dues and use the remaining balance and appreciate the value by investing.
Driver School Candidate
Joined: Sep 2005
Posts: 39
Likes: 0
From: Mid West
Originally Posted by flyinbrian
How does this sound for a lease package on an IS350:
It has the luxury package, navigation system, mark levinson sound system, park assist and rain sensing wipers. It is the most loaded IS350 in our region which has a sticker price of 44,929.
36 month lease / 12,000 miles per year, with 1,525.00 due at start which includes your first payment, tile and plate transfer. Your monthly payment would be 697.00 which includes tax. Payments quoted are based on a credit score of 730 or higher through Lexus financial services. Please let me know your opinions on this lease package. Thank you.
It has the luxury package, navigation system, mark levinson sound system, park assist and rain sensing wipers. It is the most loaded IS350 in our region which has a sticker price of 44,929.
36 month lease / 12,000 miles per year, with 1,525.00 due at start which includes your first payment, tile and plate transfer. Your monthly payment would be 697.00 which includes tax. Payments quoted are based on a credit score of 730 or higher through Lexus financial services. Please let me know your opinions on this lease package. Thank you.
The edmounds link above is a good read for those want to know more on leases.
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Driver School Candidate
Joined: Oct 2005
Posts: 32
Likes: 0
From: OH
Originally Posted by ntran18
Unless you are planning to keep the car, it's very nice of you to take such good care of someone else's car.
Intermediate
Joined: Oct 2004
Posts: 304
Likes: 5
From: California
Sounds kinda high to me
Originally Posted by flyinbrian
How does this sound for a lease package on an IS350:
It has the luxury package, navigation system, mark levinson sound system, park assist and rain sensing wipers. It is the most loaded IS350 in our region which has a sticker price of 44,929.
36 month lease / 12,000 miles per year, with 1,525.00 due at start which includes your first payment, tile and plate transfer. Your monthly payment would be 697.00 which includes tax. Payments quoted are based on a credit score of 730 or higher through Lexus financial services. Please let me know your opinions on this lease package. Thank you.
It has the luxury package, navigation system, mark levinson sound system, park assist and rain sensing wipers. It is the most loaded IS350 in our region which has a sticker price of 44,929.
36 month lease / 12,000 miles per year, with 1,525.00 due at start which includes your first payment, tile and plate transfer. Your monthly payment would be 697.00 which includes tax. Payments quoted are based on a credit score of 730 or higher through Lexus financial services. Please let me know your opinions on this lease package. Thank you.
Intermediate
Joined: Oct 2004
Posts: 304
Likes: 5
From: California
Absolutely True!
Originally Posted by fz1
Not so. If you take great care of the car it may be worth more than the projected residual value and you can buy the car for the (lower) residual value and have instant equity! Then you can buy it and keep it if you are so inclined or buy it and trade it with a higher value.
Driver School Candidate
Joined: Oct 2005
Posts: 39
Likes: 0
From: CA
i read all your arguments
i read all your arguments for leasing...
you guys really know how to throw money away...
regardless of any leasing options/plans that dealer may offer,
you will not pay less than $500/month on any lease for this car.
now, $500/ month is a lot of dough, don't you think?
and what about the one who has a nice garage , and lease all his 3 lexus car, wow
at least $1500/month gone with the wind.
rich people pay cash, they do not lease.
buying a car is in itself an investment. you also pay high monthly installments, but its
your car after 3 years.
if you are not rich, you can finance it, credit union in sunnyvale, offers 4% interest rate for
new cars, only 10% downpayment.
since you finance it, you still have money left to invest somewhere else too.
so buying a car is a much better choice from the investment point of view.
you guys really know how to throw money away...
regardless of any leasing options/plans that dealer may offer,
you will not pay less than $500/month on any lease for this car.
now, $500/ month is a lot of dough, don't you think?
and what about the one who has a nice garage , and lease all his 3 lexus car, wow
at least $1500/month gone with the wind.
rich people pay cash, they do not lease.
buying a car is in itself an investment. you also pay high monthly installments, but its
your car after 3 years.
if you are not rich, you can finance it, credit union in sunnyvale, offers 4% interest rate for
new cars, only 10% downpayment.
since you finance it, you still have money left to invest somewhere else too.
so buying a car is a much better choice from the investment point of view.
MultiTasking Mom
Joined: Mar 2003
Posts: 1,662
Likes: 2
From: California
suit yourself. it's your money, you do what you want with it. 
people here aren't trying to convince you to do otherwise, they are just stating why IN SOME INSTANCES, it makes more sense to lease.
about the rich people comment, that is just plain ridiculous! rich people don't lay down boatloads of cash on cars they don't plan on keeping when they can invest in the market or business ventures that yield far greater returns. and for the record, (1) i'm female, (2) we bought the RX b/c it made sense to, and (3) i have a CPA license and understand tax consequences of leasing vs. owning also.
btw, in California, when you buy a car, you pay sales tax on the entire purchase price. if you lease, you do not. and no, you don't get that tax back when you sell or trade it in, because unfortunately, CA is not one of those states that allows that. so if your residual is $30k, why pay $2300+ in taxes to the state that you will never get back?
so stop making blanket statements about lease vs. purchase and go buy your IS already!
people here aren't trying to convince you to do otherwise, they are just stating why IN SOME INSTANCES, it makes more sense to lease. about the rich people comment, that is just plain ridiculous! rich people don't lay down boatloads of cash on cars they don't plan on keeping when they can invest in the market or business ventures that yield far greater returns. and for the record, (1) i'm female, (2) we bought the RX b/c it made sense to, and (3) i have a CPA license and understand tax consequences of leasing vs. owning also.
btw, in California, when you buy a car, you pay sales tax on the entire purchase price. if you lease, you do not. and no, you don't get that tax back when you sell or trade it in, because unfortunately, CA is not one of those states that allows that. so if your residual is $30k, why pay $2300+ in taxes to the state that you will never get back?
so stop making blanket statements about lease vs. purchase and go buy your IS already!
Lexus Champion
Joined: Aug 2005
Posts: 1,751
Likes: 0
From: CA
Originally Posted by lexuslover
so stop making blanket statements about lease vs. purchase and go buy your IS already!