July 2008 Lease Rate for 08 Lexus IS350

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.

June 2008 Lease Rates for 08 Lexus ES and GS

2008 Lexus ES350 Sedan
24 Month – Residual 58% of MSRP – .00085 Base Rate
36 Month – Residual 52% of MSRP – .00085 Base Rate
48 Month – Residual 43% of MSRP – .00125 Base Rate
60 Month – Residual 34% of MSRP – .00225 Base Rate

2008 Lexus ES350 Ultra-Luxury Sedan
24 Month – Residual 56% of MSRP – .00085 Base Rate
36 Month – Residual 50% of MSRP – .00085 Base Rate
48 Month – Residual 41% of MSRP – .00125 Base Rate
60 Month – Residual 32% of MSRP – .00225 Base Rate

2008 Lexus GS350 Sedan
24 Month – Residual 53% of MSRP – .00105 Base Rate
36 Month – Residual 47% of MSRP – .00105 Base Rate
48 Month – Residual 39% of MSRP – .00105 Base Rate
60 Month – Residual 32% of MSRP – .00225 Base Rate

2008 Lexus GS350 AWD Sedan
24 Month – Residual 52% of MSRP – .00105 Base Rate
36 Month – Residual 46% of MSRP – .00105 Base Rate
48 Month – Residual 38% of MSRP – .00105 Base Rate
60 Month – Residual 31% of MSRP – .00225 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 ES and GS are current enjoying lower MFs. That also is partly because they aren’t as popular as the IS. Residual values are terrible for the GS though, I think that care is in need of a redesign. No worries though, Lexus will be rolling out the LF (which happens to be the car on the banner of RIDE with G) in the near future. Expect it to be VERY expensive.