Lexus

September 2008 Lease Rate for 08 Lexus IS-F

Published by G

My Take: Bad residual (54%) and bad MF (.00255), factor in the high price tag of the IS-F and things start to go downhill from there. Since this is a rather “low-volume” car, I highly doubt it will ever be a good lease. So here are the numbers in case you got the cash to burn.

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2008 Lexus IS-F Sedan
24 Month – Residual 54% of MSRP – .00255 Base Rate
36 Month – Residual 47% of MSRP – .00255 Base Rate
48 Month – Residual 38% of MSRP – .00255 Base Rate
60 Month – Residual 29% of MSRP – .00255 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

September 2008 Lease Rate for 08 Lexus IS250

Published by G

My Take: The numbers are up a bit from last month due to the drop in residual. The AWD model takes a 2% hit at 24 months and 3% hit at 36 months. The lease rates of .0008 that were post last month were actually lower from what I’ve seen around the web (.00055). Unfortunately, this month, they are up. So the lease got a bit expensive compared to last month. No word on the RWD model yet, but I will update this post if I come cross them.

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  • IS250 Sedan + Premium Plus Package
  • MSRP $36,160
  • Invoice $31,849
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Lexus IS250 AWD Sedan
24 Month – Residual 58% of MSRP – .00095 Base Rate
36 Month – Residual 51% of MSRP – .00095 Base Rate

24mo Payment: $503 at invoice, $687 at MSRP
36mo Payment: $420 at invoice, $544 at MSRP

Don’t like the numbers? Check out Leasecompare.com and see what 3rd party banks have to offer.

September 2008 Lease Rate for 08 Lexus IS 350

Published 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.

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  • 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

August 2008 Lease Rate for 08 Lexus ES350

Published by G

My Take: There is a $1000 cash rebate available for current customers on the ES350, in addition to a reduced money factor. The residual stays the same, making this lease cheaper than last month.

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  • ES350 + Premium Plus + Navi
  • MSRP $39,075 ($40,075 – $1000)
  • Invoice $34,366 ($35,366 – $1000)
  • Standard inception fees + tax not included

2008 Lexus ES350 Sedan
24 Month – Residual 57% of MSRP – .00065 Base Rate
36 Month – Residual 50% of MSRP – .00065 Base Rate

24mo Payment: $517 at invoice, $717 at MSRP
36mo Payment: $433 at invoice, $567 at MSRP

Check out last month’s numbers:

24 month payments: $574 at invoice, $775 at MSRP
36 month payments: $476 at invoice, $611 at MSRP

That’s about $40+ less per month on the 24mo and 36 mo leases compared to July. Obviously, the $1000 rebate is what’s helping drive the payments down. Even without it, you should see some savings ($15 less on a 36mo lease). So what does Edmund’s TMV say? They say that the ES350 goes for about $36,366, which is about $1k over invoice. So I think best case scenario is $1000 over invoice, minus the $1000 loyalty case (if you are a current customer) and you get invoice, which on a 36mo/15k lease it’s approximately $462. Knock it down to a 12k mile lease and you’re looking at $440 a month.

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3%
for 10k mi/yr on all terms

August 2008 Lease Rate for 08 Lexus IS250

Published by G

My Take: Thus far, the leasing “crisis” this month hasn’t affected German and Japanese cars, which is great news for those looking to lease an import. The MF stays relatively low on the IS250, making it cheaper to lease. The thing about the IS250 I don’t like is that it is far too expensive and underpowered for the price tag. I am not saying this is bad car, on the contrary, this car is beautifully crafted and one of the smoothest rides on the road.

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  • IS250 RWD Auto + Luxury Plus + X Package
  • MSRP $38569
  • Invoice $33581
  • Standard inception fees + tax
  • Lease rate in BOLD

36mo Payment: $373 at invoice, $515 at MSRP

Notice how huge the gap is between the MSRP and the Invoice? Talk about overpriced. The good news is that the IS250 can probably be leased close to invoice (maybe few hundred above invoice), keeping the payments in the high $300s. Keep in mind you need to pay taxes, so you either pay that up front or your payments will be more in the low-$400s. Not too bad considering Acura’s 2009 TSX leases for around the same amount. Compared to the 328i or the C300, you’d be paying hundreds less going with the TSX or the IS250 this month.

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2008 Lexus IS250 RWD (Auto)
36 Month/12k – Residual 54% of MSRP – .00055 Base Rate

More rates from Tarry:

2008 Lexus IS250 Manual Sedan
24 Month – Residual 59% of MSRP – .00080 Base Rate
36 Month – Residual 52% of MSRP – .00080 Base Rate
48 Month – Residual 43% of MSRP – .00080 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2008 Lexus IS250 Automatic Sedan
24 Month – Residual 59% of MSRP – .00080 Base Rate
36 Month – Residual 52% of MSRP – .00080 Base Rate
48 Month – Residual 43% of MSRP – .00080 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2008 Lexus IS250 AWD Sedan
24 Month – Residual 60% of MSRP – .00125 Base Rate
36 Month – Residual 54% of MSRP – .00125 Base Rate
48 Month – Residual 45% of MSRP – .00125 Base Rate
60 Month – Residual 37% of MSRP – .00225 Base Rate

July 2008 Lease Rate for 08 Lexus ES350

Published by G

My Take: The ES350 has some low MF’s for July. The Residual is fairly low though, so any savings you may have gotten from the low MF is pretty much offset by depreciation. Lets take a ES350 (with Premium Plus & Navi) and see how the numbers look:

  • MSRP $40,075
  • Invoice $35,366
  • Standard Inception Fees
  • Using terms in bold for ES350 sedan, see below.

24 month payments: $574 at invoice, $775 at MSRP
36 month payments: $476 at invoice, $611 at MSRP

The more expensive the car, the bigger the range. Clearly, the 36mo terms are better on the ES350. Just be careful if you decide to go with the ES350, there many options on this car and fairly expensive ones, so payments can get out of control very quickly.

2008 Lexus ES350 Sedan
24 Month – Residual 57% of MSRP – .00090 Base Rate
36 Month – Residual 50% of MSRP – .00090 Base Rate
48 Month – Residual 41% of MSRP – .00190 Base Rate
60 Month – Residual 32% of MSRP – .00245 Base Rate

2008 Lexus ES350 Ultra-Luxury Sedan
24 Month – Residual 55% of MSRP – .00090 Base Rate
36 Month – Residual 48% of MSRP – .00090 Base Rate
48 Month – Residual 39% of MSRP – .00090 Base Rate
60 Month – Residual 30% of MSRP – .00245 Base Rate

July 2008 Lease Rate for 08 Lexus GS350

Published by G

2008 Lexus GS 350 Sedan
24 Month – Residual 49% of MSRP – .00245 Base Rate
36 Month – Residual 42% of MSRP – .00245 Base Rate
48 Month – Residual 33% of MSRP – .00245 Base Rate
60 Month – Residual 26% of MSRP – .00245 Base Rate

2008 Lexus GS 350 AWD Sedan
24 Month – Residual 49% of MSRP – .00245 Base Rate
36 Month – Residual 42% of MSRP – .00245 Base Rate
48 Month – Residual 33% of MSRP – .00245 Base Rate
60 Month – Residual 26% 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: I remember the days when the GS first came out. It was an attractive sedan, sporty and luxurious. Over time, it’s popularity shifted over to the IS and the GS became the “forgotten” sedan. Not so many of them on the road anymore, compared to the IS (they are freaking everywhere). With poor residual value and high MF. It’s popularity will probably stay the same for a few more years.

July 2008 Lease Rate for 08 Lexus RX350

Published by G

2009 Lexus RX350 2WD
24 Month – Residual 61% of MSRP – .00135 Base Rate
36 Month – Residual 54% of MSRP – .00135 Base Rate
48 Month – Residual 43% of MSRP – .00135 Base Rate
60 Month – Residual 35% of MSRP – .00245 Base Rate

2009 Lexus RX350 2WD w/RSE
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 41% of MSRP – .00135 Base Rate
60 Month – Residual 33% of MSRP – .00245 Base Rate

2009 Lexus RX350 AWD
24 Month – Residual 61% of MSRP – .00135 Base Rate
36 Month – Residual 54% of MSRP – .00135 Base Rate
48 Month – Residual 44% of MSRP – .00135 Base Rate
60 Month – Residual 36% of MSRP – .00245 Base Rate

2009 Lexus RX350 w/ RSE AWD
24 Month – Residual 59% of MSRP – .00135 Base Rate
36 Month – Residual 52% of MSRP – .00135 Base Rate
48 Month – Residual 42% of MSRP – .00135 Base Rate
60 Month – Residual 34% 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: The MF is not too bad, but it seems to be the Infiniti EX35 is a better deal right now. The RX350 has been one of the most popular crossovers (if not the most) for quite some time. It’s magnificently egg-shaped styling allows plenty of cargo space and luxury that is unparalleled. With that said, I don’t think I’d ever get one, not very fond of it the “egg-shaped” styling even though it’s functional.