Lexus IS300 Lease Deal?

How is this lease deal?

Lexus IS300 F Sport w/ Nav
MSRP $46,000
Lease Price: $38,250
MF 0.00004
Residual 53%
$0 Drive Off
36 Month/15K Miles
MSD $950
Per Month (35 Months) $437 ($471 w/ Tax)

Thanks

Looks like a good deal, have you checked the college graduate or Morgan Stanley rebates?

Darn didn’t know about the Morgan Stanley deal.

It’s only $1000 on an IS. Sweet spot is the GX460.