September 2008 Lease Rate for 08 Lexus IS 350

My Take: The IS350’s lease rate is quite low this month. Compared to July, the residual only dropped 1%, while the MF dropped from .00245 to .00090. A pretty good deal if you ask me. Are there better alternatives? Certainly, but if you are fixated on an IS350, this isn’t a bad month to take one home. TMV suggests $37,557, about $1300 over invoice. I suspect you can do better.

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• IS350 Sedan + Luxury Plus Package
• MSRP $41,455
• Invoice $36,233
• Standard inception fees + tax not included
• Residuals posted are for 15K miles/year.

2008 Lexus IS350 Sedan
24 Month – Residual 55% of MSRP – .00090 Base Rate
36 Month – Residual 48% of MSRP – .00090 Base Rate

24mo Payment: $613 at invoice, $835 at MSRP
36mo Payment: $504 at invoice, $654 at MSRP

Rates provided by Tarry Shebesta from Leasecompare.com