Swordfish

Dealers in the area are only budging about 1500 off msrp on the 2007s...

Going to go there friday and see how low i can get the cap cost and will tell you guys the money market and residual value on the lease..

Swordfish

Anyone have the posted residual value on a 36 month lease for the 2007 IS350.?

dstopsie

the residual value of my car is $23,462.16. My car is: 07 IS 250 RWD, with Nav and premium package, spolier, and G Spyders.

Kepeli

The dealer loves this guy when he walks in.

Swordfish

What percentage did that residual work out to? Do you know hte money factor on that lease?

Thanks

Swordfish

Ya no kidding. I have helped a few friends lease 40k plus cars lately, and the last thing we do is tell them we are leasing or buying. It can take us quite some time to get the dealer down on the price and then once we get him down, we do our calculations based on money factor and residual, and then tell him what the payment is. If he fusses, we walk..

Good Luck

dstopsie

First and foremost, i never tell the dealer whether i am leasing or buying. I dont even deal with SALESMEN ON THE FLOOR. I have bought the last three cars through the fleet leasing managers. Residual values and money factors are set by the lending institution you are financing through. The residual value on my car was about 56%. I dont appreciate comments saying the dealer loves me when I walk into the dealership. Why dont you put some real numbers on the board including capitalized costs, residual values, drive off fees, and how much mileage per year, etc. so we know if we are talking about apples or oranges. Several fleet dealers we contacted told us the residual on these cars is quite high, hence the 56%.

Swordfish

We're not trying to insult you here, just stating facts.

As you have said the residual and money factor are FACTUAL numbers and fixed. It is what it is.

If you do not negotiate the price of your car, that is not good... The lower the "capitalized cost" of your car, the lower the lease payment. The Price of the car makes up the majority of the "Capitalized Cost" so why not negotiate it...

If you know the cap cost, money factor, and residual, you can calculate your payment..

bobjackson

i was quoted .00355 MF and 57% residual on 15k/year 36mos lease.

doesn't look like a lease is a good option right now???
anyone have good luck with a 3rd party leasing company?

RyanDe680

I got my IS250 AWD last August for $550 a month, 2k down for 48 months.

bobjackson

but with what residual amount and money factor?
these two numbers are key in a lease.

RyanDe680

I dont remember the amounts off hand... They are on the contract in the car...

Style2k6

I posted this link on another thread it shows MF and residuals
http://www.leasecompare.com

jman-is350

Here's my deal:

$2K down, $588.86/month on a 36months term w/59% residual. Car was at a tad over $43K. I think the money factor is at .00275!

bumaself

Sorry to ressurect such an old thread, but I am looking at leasing. Going in later today, and I was wondering if these numbers are reasonable:

South Florida
07 IS350, Nav, 18s, Premium pkg, Obsidian
MSRP - 41500
Cap Cost - 38000
Residual - 19000
Money out the door - 2000
Money Factor .00392 [9.4%]
48 Mo Lease
15k miles
Monthly Pmt - 595

I just wanted some advice as to how close I was on the residual and the money factor, so I know what I am shooting for when I go in tomorrow, and I dont get fisted. When I go to the Lexus payment estimator, and I put in my numbers it comes up with 593. When I went to the dealership, I was quoted 756 [which is why I walked out].
Just wondering if I am crazy thinking that is too much.

bumaself