I remember when the IS F sport was $350 and $350 down in Florida.
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Nice looking car, and I love the color.
Congrats on the deal!
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I promise you had more than 3k of equity in your old IS…
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He got low balled on his equity and put “5k” down to get $475 lease on an is 350 f sport
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I have a top-level contact with Lexus who affirmed what I already knew, that no Lexus lease is a reasonable value. My leases have been low enough always to have equity. I’m at 5k. For my 22 ES350 Ultra luxury. Even with the highest discount and no holdback, still no good.
Just for the He** of it, I said, find your “Best” deal on the car with the most margin, most significant discount, oldest; basically, the one nobody wanted. It was a Lexus IS 350 F sport. Here is the sheet!
Ignore the ultra-lux
Looks like 0.002 Mark up on MF. 4.8%, wow
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APR: 6.07% .00253
This was in the calc
What calc?
I just built it using edmund numbers and kept adding 0.001 until the payment was close
Agreed I had a IS350 for $387 with 0 DAS 30 months ago. Now selling it since my lease is up. Quickly browsed Lexus leases… prices are crazy.
Paid ~$14,600 single pay (including CA sales tax and 1st year DMV) for GS F Sport 36/10 in December 2016 - those were the Lexus glory days of leasing;)
So basically $1K a month for a car that’s only $50K and has a 2014 interior.