Signed: 2020 Lexus IS300 F-Sport Blackline Edition - MSRP $49,455 $460/month + tax, $500 DAS

Hello Hackers : You guys/girls have inspired me and enlightened me here. Thank you for that. I did my best working this deal and feel like I did ok. The car is a 2020 IS300 F-sport AWD 3.5L V-6 Blackline Edition with less than 100 miles on it and MSRP of $49,455. I got all the tax(8.75%) and fees rolled into the monthly payment and was able to negotiate a flat rate of $500/month. I only had to put the first months payment down of $500 at signing. Its 36 month 30,000 mile lease. I negotiated 9% off the MSRP which was -$4,450 bringing it down to $45,005. Also got a $5,000 manufacturer rebate. I got the money factor set to .00001. But they wouldn’t budge on the residual which was set to 51% $25,222. The car comes with the Blackline Edition Package listed at $3,335, a Navigation Package listed at $1,745 and Accessory Package #2 at $370. Also has options- Door Edge Guards-$140 Triple Beam Headlamps-$1,160 Intuitive Park Assist- $500 and All Weather Floor Liners-$170. Hopefully this is decent deal and I didnt get ripped off. This is the upstate NY region. Thank you for insight

Year, Make, Model, and Trim: 2020 Lexus IS300 F-Sport Blackline Edition AWD 3.5L V-6
MSRP: $49,455
Monthly Payment: $500 including tax (8.75%)
Drive-Off Amount: $500 (first month)
Months:36
Annual Mileage:10k
MF:.00001
Residual:51% $25,222
Incentives: $5000 Manufacturer rebate
Region: Upstate NY/Northeast
Leasehackr Score:?
Leasehackr Calculator Link:

FYI Dealers cannot budge on residual…it is set by the leasing bank. If you’re happy with the car and deal, that’s all that matters now. enjoy!

I was confused by this because I’ve seen a few lexus deals on here and the residual was always set higher then 51%. I was trying hard to get $450-475 with tax included but they wouldn’t budge.

Do you guys think this is a good deal? I’m new to all of this And would appreciate any feedback Thank you

It’s based on the mileage on the term in the lease.

So if someone has a 15k mileage term and you have a 10k; your car with have a higher value at end of lease term…

If it’s already signed just be happy and enjoy your new vehicle! :sweat_smile:

Mine was 56% because it was a 30/10k lease, not 36, and also it was a 350, not a 300, that makes a difference. But you have your car and you should enjoy it!