09 Lexus IS Lease Rates for February 2009

Published 2009/02/11 by G

My Take: Question for the masses…Would you rather have an IS350 for $557 (assuming a $1000 under invoice sale price) a month for 48 months? OR would you rather have a C350 for $462 per month (assuming a $1000 under invoice sale price), also for 48 months? If your answer is C350, click here. Otherwise, if you want to go with the lower end IS250, this is not a bad car to lease right now. $400-ish will get you a IS250 that’s well equipped, just pay your inception fees upfront and you got it. OR you can always go with the Acura TSX which will probably come better equipped, for less.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Lexus IS250 AT	$29,270	$33,150	$441	$361	$604	$470

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2009 Lexus IS February Lease Rates

DO NOT LEASE

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

November 2008 Lease Rates for 08/09 Lexus ES and IS models

Published 2008/11/132008/11/13 by G

My Take: The rates for the 09 Lexus ES and IS look promising this month. I get the feeling that the days of leasing a $30k+ luxury car for $300s a month with just inception fees and taxes are over. After looking at Infiniti’s 09 G37s, I’m starting to think that the banks have decided not to inflate residual values too much. Good for them, bad for us. In any case, Lexus residual values could use a boost, but the money factors are pretty good. There is a $1000 cash rebate for current/former ES owners, so be sure to take advantage of that if you have/had an ES. FYI…invoice data isn’t available on the 09 IS and ES on Edmunds so you’ll have to guess as to what it is. I suspect it should be around $2000 or so under MSRP.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Lexus IS250 Sedan AT	N/A	$33,150	N/A	N/A	$600	$478
09 Lexus ES350	N/A	$35,145	N/A	N/A	$659	$521

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.
Yellow boxes denotes “lowest” lease payments for each car.

2009 Lexus IS250 Sedan AT
24 Month – Residual 60% of MSRP – .00090 Base Rate
36 Month – Residual 53% of MSRP – .00090 Base Rate
48 Month – Residual 44% of MSRP – .00090 Base Rate
60 Month – Residual 36% of MSRP – .00275 Base Rate

2009 Lexus ES350
24 Month – Residual 58% of MSRP – .00080 Base Rate
36 Month – Residual 51% of MSRP – .00080 Base Rate
48 Month – Residual 42% of MSRP – .00080 Base Rate
60 Month – Residual 33% of MSRP – .00275 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Lexus ES350 w/ Ultra Luxury
24 Month – Residual 56% of MSRP – .00080 Base Rate
36 Month – Residual 49% of MSRP – .00080 Base Rate
48 Month – Residual 40% of MSRP – .00080 Base Rate
60 Month – Residual 31% of MSRP – .00275 Base Rate

2008 Lexus ES350 Sedan
24 Month – Residual 54% of MSRP – .00025 Base Rate
36 Month – Residual 47% of MSRP – .00025 Base Rate
48 Month – Residual 38% of MSRP – .00025 Base Rate
60 Month – Residual 29% of MSRP – .00275 Base Rate

2008 Lexus ES350 Ultra-Luxury Sedan
24 Month – Residual 52% of MSRP – .00025 Base Rate
36 Month – Residual 45% of MSRP – .00025 Base Rate
48 Month – Residual 36% of MSRP – .00025 Base Rate
60 Month – Residual 27% of MSRP – .00275 Base Rate

2009 Lexus IS250 Sedan AT AWD
24 Month – Residual 60% of MSRP – .00095 Base Rate
36 Month – Residual 53% of MSRP – .00095 Base Rate
48 Month – Residual 44% of MSRP – .00095 Base Rate
60 Month – Residual 36% of MSRP – .00275 Base Rate

2009 Lexus IS250 Sedan MT
24 Month – Residual 60% of MSRP – .00130 Base Rate
36 Month – Residual 53% of MSRP – .00130 Base Rate
48 Month – Residual 44% of MSRP – .00130 Base Rate
60 Month – Residual 36% of MSRP – .00275 Base Rate

2009 Lexus IS350 Sedan AT
24 Month – Residual 58% of MSRP – .00135 Base Rate
36 Month – Residual 51% of MSRP – .00135 Base Rate
48 Month – Residual 42% of MSRP – .00135 Base Rate
60 Month – Residual 34% of MSRP – .00275 Base Rate

2008 Lexus IS250 Manual Sedan
24 Month – Residual 57% of MSRP – .00240 Base Rate
36 Month – Residual 50% of MSRP – .00240 Base Rate
48 Month – Residual 41% of MSRP – .00240 Base Rate
60 Month – Residual 33% of MSRP – .00275 Base Rate

2008 Lexus IS250 Automatic Sedan
24 Month – Residual 57% of MSRP – .00240 Base Rate
36 Month – Residual 50% of MSRP – .00240 Base Rate
48 Month – Residual 41% of MSRP – .00240 Base Rate
60 Month – Residual 33% of MSRP – .00275 Base Rate

2008 Lexus IS250 AWD Sedan
24 Month – Residual 57% of MSRP – .00240 Base Rate
36 Month – Residual 50% of MSRP – .00240 Base Rate
48 Month – Residual 41% of MSRP – .00240 Base Rate
60 Month – Residual 33% of MSRP – .00275 Base Rate

2008 Lexus IS350 Sedan
24 Month – Residual 53% of MSRP – .00065 Base Rate
36 Month – Residual 46% of MSRP – .00065 Base Rate
48 Month – Residual 37% of MSRP – .00065 Base Rate
60 Month – Residual 29% of MSRP – .00275 Base Rate

October 2008 Lease Rates for 08/09 FX50, IS350, Odyssey, Impreza WRX and ML350

Published 2008/10/16 by G

My Take: One word sums this bunch…UNINSPIRING. Residuals are mediocre to pathetic, while the money factor is WAY too high. I’m just bundling these lease rates together since it’s pointless to analyze the numbers. After looking at lease rates monthly for six months (yes folks! RIDE with G is six months old!!! WOOT!) I can pretty much tell whats worth the time and what’s not. It’s a shame too since I really like the FX50 and the IS350.

QUICK LINKS:

LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Infiniti FX50 AWD
24 Month – Residual 55% of MSRP – .00280 Base Rate
36 Month – Residual 50% of MSRP – .00223 Base Rate
48 Month – Residual 43% of MSRP – .00226 Base Rate
60 Month – Residual 37% of MSRP – .00219 Base Rate

2009 Mercedes ML350 4WD SUV
24 Month – Residual 56% of MSRP – .00420 Base Rate
36 Month – Residual 45% of MSRP – .00147 Base Rate
48 Month – Residual 37% of MSRP – .00385 Base Rate
60 Month – Residual 32% of MSRP – .00385 Base Rate

2009 Honda Odyssey EX-L
24 Month – Residual 64% of MSRP – .00290 Base Rate
36 Month – Residual 54% of MSRP – .00290 Base Rate
48 Month – Residual 45% of MSRP – .00290 Base Rate
60 Month – Residual 37% of MSRP – .00290 Base Rate

2008 Honda Odyssey EX-L
24 Month – Residual 58% of MSRP – .00290 Base Rate
36 Month – Residual 51% of MSRP – .00290 Base Rate
48 Month – Residual 43% of MSRP – .00290 Base Rate
60 Month – Residual 34% of MSRP – .00290 Base Rate

2009 Subaru Impreza WRX Wagon
24 Month – Residual 65% of MSRP – .00305 Base Rate
36 Month – Residual 58% of MSRP – .00280 Base Rate
48 Month – Residual 49% of MSRP – .00280 Base Rate
60 Month – Residual 42% of MSRP – .00300 Base Rate

2008 Lexus IS350 Sedan
24 Month – Residual 53% of MSRP – .00100 Base Rate
36 Month – Residual 46% of MSRP – .00100 Base Rate
48 Month – Residual 37% of MSRP – .00100 Base Rate
60 Month – Residual 29% of MSRP – .00255 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

Featured Question 1

Published 2008/09/112009/08/21 by G

I get good number of emails every week and I sometimes I find that some of the questions need to be shared with the community because they are just very good questions. I want to thank James for his question today because his question has inspired me to create a new segment of “featured questions” for the site. Many Thanks!

James: How is leasing a G37 sport bad right now?

G: The G37 is a worse lease than last month, but it isn’t a horrible lease overall. I will looking into the numbers in a bit.

James: It’s the SAME price as the IS 350 and the 135 and it’s $100 less a month.

G: I wouldn’t consider it fair to compare the IS350 with the G37 since we are talking about a coupe and a sedan. Those shopping for a coupe certainly should pick the G37 over the 135i, while those shopping for a sedan should consider the G35 if the IS350 is not to their liking.

James: 71% for 10k miles, .00179 M, 2300 down with your Excel lease sheet it comes to $400.83 a month with 6.5% taxes.

G: I’m not sure how you came out with those numbers since a MSRP and Cap Cost was not define. But lets take my August numbers and use them as an example.

MSRP 40215
Sale Price 36856

August Numbers
G37 Sport
24 Month – Residual 71% of MSRP – .00190 Base Rate
36 Month – Residual 61% of MSRP – .00216 Base Rate

September Numbers
G37 Sport
24 Month – Residual 68% of MSRP – .00179 Base Rate
36 Month – Residual 61% of MSRP – .00215 Base Rate

Something to note, when you lease for 24 months, the residual is the same on the 10k and the 12k lease. Tarry apparently keeps getting that wrong on Infiniti leases, so make sure to note that. Regardless, let us assume the lease is for 15k miles.

August Monthly Payment is: $470 (plus inception and taxes)
September Monthly Payment is: $511 (plus inception and taxes)

Essentially, you are paying about $41 more from August to September. Now those who leased in July/August were paying about $30 more than the ones who leased in May/June. Essentially, the price went up $70+ per month since June. And I suspect it’s only going to go up until the 09 model is released.

James: That’s a great deal compared to the others above. Can you tell me why you didn’t suggest it?

G: I apologize if I gave the impression that the G37 is a horrible deal compared to other cars of the same price range. My main reason for not suggesting it is because I felt the lease wasn’t as good as it has been in the past few months. Factor in the fact that most people lease the Journey over the Sport and the payments jump that much more due to the lower residual value. The G37 is still one of the best values when it comes to coupes, so if you don’t mind paying a bit more than those who leased a few months ago, then I would suggest doing so before the 09 model rolls into showrooms.

September 2008 Lease Rate for 08 Lexus IS 350

Published 2008/09/112009/02/25 by G

My Take: The IS350’s lease rate is quite low this month. Compared to July, the residual only dropped 1%, while the MF dropped from .00245 to .00090. A pretty good deal if you ask me. Are there better alternatives? Certainly, but if you are fixated on an IS350, this isn’t a bad month to take one home. TMV suggests $37,557, about $1300 over invoice. I suspect you can do better.

IS350 Sedan + Luxury Plus Package
MSRP $41,455
Invoice $36,233
Standard inception fees + tax not included
Residuals posted are for 15K miles/year.

2008 Lexus IS350 Sedan
24 Month – Residual 55% of MSRP – .00090 Base Rate
36 Month – Residual 48% of MSRP – .00090 Base Rate

24mo Payment: $613 at invoice, $835 at MSRP
36mo Payment: $504 at invoice, $654 at MSRP

Rates provided by Tarry Shebesta from Leasecompare.com

July 2008 Lease Rate for 08 Lexus IS350

Published 2008/07/082008/07/08 by G

IS350 Sedan
24 Month – Residual 56% of MSRP – .00245 Base Rate
36 Month – Residual 49% of MSRP – .00245 Base Rate
48 Month – Residual 40% of MSRP – .00245 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

My Take: No lease support here. Unless you really LOVE this car, now is not the time to be leasing it.

May 2008 Lease Rates for 08 Lexus IS

Published 2008/06/022008/06/20 by G

First off, sorry for the delay, totally forgot to post this a few weeks ago. These rates may very well still be applicable since its the only the beginning of June. I’ll do my best to keep up in the future. I just got carried away this month since I was too busy cutting a deal on my own car 😛

Lexus IS250

36mo/12k – money factor .00135 – residual 56%
36mo/15k – money factor .00135 – residual 54%

Lexus IS250 AWD

24mo/15k – money factor .00135 – residual 60%
36mo/15k – money factor .00135 – residual 54%

Lexus IS350

36mo/12k – money factor .00185 – residual 54%

My Take: The IS is a VERY nice car at all levels (Quality, fit, finish, style). The one flaw I can’t get over is the fact that their entry level IS250 is way underpowered for the price tag. Sure, performance isn’t everything, but at low 30ks, the car is pretty “bare”. If I had to pick between my base G37 and the base IS250…well, you already know what I picked so no point asking that question. 😛 The money factor is pretty low right now, but the residual for 36mo is pretty bad for a Lexus. I was expecting more in the high 50% range for a 12k mile lease. It is a Lexus after all. If had gone with Lexus at all, I would have opted for the IS350. Problem is, that car doesn’t lease too well. I think a G35/G37 similarly equipped would run a bit lower.

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