My Take: There is a $1000 cash rebate available for current customers on the ES350, in addition to a reduced money factor. The residual stays the same, making this lease cheaper than last month.
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- ES350 + Premium Plus + Navi
- MSRP $39,075 ($40,075 – $1000)
- Invoice $34,366 ($35,366 – $1000)
- Standard inception fees + tax not included
2008 Lexus ES350 Sedan
24 Month – Residual 57% of MSRP – .00065 Base Rate
36 Month – Residual 50% of MSRP – .00065 Base Rate
24mo Payment: $517 at invoice, $717 at MSRP
36mo Payment: $433 at invoice, $567 at MSRP
Check out last month’s numbers:
24 month payments: $574 at invoice, $775 at MSRP
36 month payments: $476 at invoice, $611 at MSRP
That’s about $40+ less per month on the 24mo and 36 mo leases compared to July. Obviously, the $1000 rebate is what’s helping drive the payments down. Even without it, you should see some savings ($15 less on a 36mo lease). So what does Edmund’s TMV say? They say that the ES350 goes for about $36,366, which is about $1k over invoice. So I think best case scenario is $1000 over invoice, minus the $1000 loyalty case (if you are a current customer) and you get invoice, which on a 36mo/15k lease it’s approximately $462. Knock it down to a 12k mile lease and you’re looking at $440 a month.
* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3%
for 10k mi/yr on all terms