Lease Deal - NY
11-16-16, 03:56 PM
#1
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Lease Deal - NY
Hey guys, I love this forum - very informative. I currently lease 2014 GS f sport with 2 month left.
I would like to jump into RX - f sport. Deal offer on the table is
MSRP 59,268
36 months
12k miles
$570 a month
$1800 total due at signing
lexus will waive my last 2 payments
Options...
12.3" Navigation System/Mark Levinson 15-speaker Premium Audio Package
Blind Spot Monitor, Intuitive Parking Assist, Rear Cross Traffic Alert & Automatic Braking
F SPORT Package
Moonroof
Touch Free Power Rear Door
Towing Prep Pkg: Transmission Cooler, Heavy Duty Alternator/Radiator (does not include ball mount)
Triple-Beam LED Headlamps
All Weather Floor Liners with Cargo Tray
Cargo Net,Cargo Mat,Wheel Locks &
What do you think?
I would like to jump into RX - f sport. Deal offer on the table is
MSRP 59,268
36 months
12k miles
$570 a month
$1800 total due at signing
lexus will waive my last 2 payments
Options...
12.3" Navigation System/Mark Levinson 15-speaker Premium Audio Package
Blind Spot Monitor, Intuitive Parking Assist, Rear Cross Traffic Alert & Automatic Braking
F SPORT Package
Moonroof
Touch Free Power Rear Door
Towing Prep Pkg: Transmission Cooler, Heavy Duty Alternator/Radiator (does not include ball mount)
Triple-Beam LED Headlamps
All Weather Floor Liners with Cargo Tray
Cargo Net,Cargo Mat,Wheel Locks &
What do you think?
11-16-16, 05:23 PM
#2
Help me understand a lease. I Never have leased a car.
So after three years you have paid $22,320
If you wanted to buy it after your lease. Do you just minus the Msrp 59000 - 22,320= $36,680?
So is $36k the buy out at the end of the lease?
So after three years you have paid $22,320
If you wanted to buy it after your lease. Do you just minus the Msrp 59000 - 22,320= $36,680?
So is $36k the buy out at the end of the lease?
Last edited by s2000zr; 11-16-16 at 05:28 PM.
11-16-16, 05:37 PM
#3
Technically it's $21,180 after three years (since Lexus waives last two months). Honestly, $570/mo on a fully loaded F-Sport is a damn good deal (better than the Lexus offers deals too).
11-16-16, 05:43 PM
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I don't have a signed contract yet, but buy out after 3 years would probably be in that range.
11-16-16, 08:33 PM
#5
11-17-16, 04:58 AM
#6
Lexus Test Driver
If you're only paying $1,800 + MV fees upon delivery the deal sounds good. You said the MSRP is $59,268, but what is the actual sell price the dealer is using to calculate the $570 per month payment?
As someone else mentioned please post MF and residual. May I ask which dealer you're using?
As someone else mentioned please post MF and residual. May I ask which dealer you're using?
11-17-16, 09:00 AM
#7
There is something wrong. There is a residual that the dealer gets from Lexus. Three year lease around 50%
With only 1800 down I would expect the payment to be closer to around 800 per month plus tax.
570 makes me think something is too good to be true and the dealer will surprise you later.
With only 1800 down I would expect the payment to be closer to around 800 per month plus tax.
570 makes me think something is too good to be true and the dealer will surprise you later.
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11-17-16, 01:16 PM
#8
There is something wrong. There is a residual that the dealer gets from Lexus. Three year lease around 50%
With only 1800 down I would expect the payment to be closer to around 800 per month plus tax.
570 makes me think something is too good to be true and the dealer will surprise you later.
With only 1800 down I would expect the payment to be closer to around 800 per month plus tax.
570 makes me think something is too good to be true and the dealer will surprise you later.
Using any online lease calc I do not see anything special about this deal.
59K MSRP
Assuming 10% off 53K selling price with $1,800 down lease payment is around $525 without tax. With 10% tax it is $575
11-17-16, 01:49 PM
#9
That would certainly change the deal if residual was 60-61 % I just didn't think it was that high.
11-17-16, 02:11 PM
#10
Just checked with a NY dealership. They say that residual is 64% on an F sport for three years, 12K.
So on a 59,000 price ...64% 37,6760 and 34 payments of 570 + 1800 down, 21,180. Add it up and it's $58,940.
Add some interest and extra's and the deal seems just as Oldfart says...it's nothing special.
You guys in the States get better residuals than Canada. Not to mention way better prices!
So on a 59,000 price ...64% 37,6760 and 34 payments of 570 + 1800 down, 21,180. Add it up and it's $58,940.
Add some interest and extra's and the deal seems just as Oldfart says...it's nothing special.
You guys in the States get better residuals than Canada. Not to mention way better prices!
11-17-16, 03:21 PM
#11
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Just checked with a NY dealership. They say that residual is 64% on an F sport for three years, 12K.
So on a 59,000 price ...64% 37,6760 and 34 payments of 570 + 1800 down, 21,180. Add it up and it's $58,940.
Add some interest and extra's and the deal seems just as Oldfart says...it's nothing special.
You guys in the States get better residuals than Canada. Not to mention way better prices!
So on a 59,000 price ...64% 37,6760 and 34 payments of 570 + 1800 down, 21,180. Add it up and it's $58,940.
Add some interest and extra's and the deal seems just as Oldfart says...it's nothing special.
You guys in the States get better residuals than Canada. Not to mention way better prices!
35 payments
11-18-16, 03:13 PM
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If you're only paying $1,800 + MV fees upon delivery the deal sounds good. You said the MSRP is $59,268, but what is the actual sell price the dealer is using to calculate the $570 per month payment?
As someone else mentioned please post MF and residual. May I ask which dealer you're using?
As someone else mentioned please post MF and residual. May I ask which dealer you're using?
11-19-16, 06:05 AM
#13
Just checked with a NY dealership. They say that residual is 64% on an F sport for three years, 12K.
So on a 59,000 price ...64% 37,6760 and 34 payments of 570 + 1800 down, 21,180. Add it up and it's $58,940.
Add some interest and extra's and the deal seems just as Oldfart says...it's nothing special.
You guys in the States get better residuals than Canada. Not to mention way better prices!
So on a 59,000 price ...64% 37,6760 and 34 payments of 570 + 1800 down, 21,180. Add it up and it's $58,940.
Add some interest and extra's and the deal seems just as Oldfart says...it's nothing special.
You guys in the States get better residuals than Canada. Not to mention way better prices!
If you take the equally optioned packages the Canadian prices are better. We pay way more taxes though. And we only get 3 packages rather than options.
11-20-16, 05:45 AM
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Thanks for the input. I decided to get white with red interior
11-24-16, 12:30 PM
#15
Driver School Candidate
You need to ask the Dealer what is the Net Price of the vehicle and MF (interest rate) normally .00155 = 3.74% then you will know the real price you should pay.
Since you are a current LX owner you should get Lexus Loyalty rebate + cash rebate.
Dealer sometime drop the prices of MSRP but make those loses on MF.
Also are NY Taxes added in that $570 monthly payments. $1000 Down = $28 per month.
Since you are a current LX owner you should get Lexus Loyalty rebate + cash rebate.
Dealer sometime drop the prices of MSRP but make those loses on MF.
Also are NY Taxes added in that $570 monthly payments. $1000 Down = $28 per month.