2021 LC500 Convertible Lease

Ask the Hackrs
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1

Hello Hackrs! I am a first time leaser looking to lease a LC500 Convertible. My monthly payment budget is around $800-875/month. (Terms: 36mo/7.5k | $0 down). Is this deal possible?

I have read that Lexus is having trouble selling these convertibles and wondering if the 2022 models that will be coming help my chances.

I also could not find the residual and MF for my region. Any assistance with this would be appreciated.

Location: Houston TX
Zip: 77002

Willing to buy anywhere in Texas. Broker deals welcome

Thank you!!!

–UPDATE–

Got a response on Edmunds! Here are the numbers:

Coupe - .00050 and 54%
Convertible - Standard MF and 57%
$2500 lease cash

Waiting for confirmation on the Standard MF, but i think it is .00235 based on another post from someone in CA.

After inputting and playing with the number on LeaseHackr calculator, it appears I would need to get at least 29% shaved off of the MSRP ($112k), in order to get this in my price range (lease cash included).
For the coupe I would need to get 21% off MSRP.

Seems like my expectations/budget are unrealistic :frowning: .

What do y’all think Hackrs?

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Did edmunds tell you they didn’t have it?

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Unless i am doing something wrong, I was not able to find anything on edmunds for the convertible and in my region.

4

Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option. The forums at Edmunds are where we go to get that information, as they have direct access to it from the captive banks. You’ll want to post in the model specific thread for the vehicle you’re interested in and request the most current numbers for your zip code. It is often easiest to find that thread by searching Google for “Edmunds lease” followed by the model of vehicle you’re interested in.

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You have to create an account, ask kyle or michaell with two L’s. Here’s is the link

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I don’t know the current figures here, but based on past examples your range seems a bit low (even back in the “good” pre-shortage times). I’d guess this would be well over $1k/mo with $0 down.

7

Can you even lease these things?

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Thanks! Just posted on the Edmunds thread. I will post the numbers here for other Hackrs if i get a response.

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I’m genuinely curious what kind of a deal you can put together.

At the same time, my guess is the lease payment is going to give some insight into at least one reason why they aren’t selling.

Purely a guess, but I’m thinking you’ll be looking at low- to mid-$1,000 range, and if there are no tax credits, on the higher end of that.

I really hope I’m wrong. Looking forward to seeing what you come up with. :slight_smile:

2 Likes
10

Do yourself a favor and go to the Lexus Drivers Academy in Austin at COTA. You will get a voucher for $5K off a LC500.

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Got a response on Edmunds! Here are the numbers:

Coupe - .00050 and 54%
Convertible - Standard MF and 57%
$2500 lease cash

Waiting for confirmation on the Standard MF, but i think it is .00235 based on another post from someone in CA.

After inputting and playing with the number on LeaseHackr calculator, it appears I would need to get at least 29% shaved off of the MSRP ($112k), in order to get this in my price range (lease cash included).
For the coupe I would need to get 21% off MSRP.

Seems like my expectations/budget are unrealistic :frowning: .

What do y’all think Hackrs?

12

Unfortunately the two remaining dates for this year at COTA are sold out. Would have loved to take that course.

13

If you have Morgan stanley reserved account You can have $3,000 + top of any incentive/rebate you could have

Don’t forget to claim ZERO Halliburton Luggage set (customized 2 pcs set of aluminum luggage )

1 Like
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Get on the waitlist for COTA. They sometimes add days.

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