# leasing question **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [April 9, 2007, 10:56am UTC](https://forums.speedlife.net/t/leasing-question/27325 "2007-04-09T10:56:19Z")\ **Posts on this page:** 19\ **Page:** 1
**Author:** ![Clean\_Baldy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/clean_baldy/32/7308_2.png) [@Clean\_Baldy](https://forums.speedlife.net/u/Clean_Baldy)\ **Post date:** [April 9, 2007, 10:56am UTC](https://forums.speedlife.net/t/leasing-question/27325/1 "2007-04-09T10:56:19Z")
I have a friend who wants to lease, but I have always bought my cars. I know how to do my homework and come up with the price I should pay when I am purchasing. he went to check out a car, and says “the payment was too high” I asked “What payment did you find out before going?” “Oh, I never looked… how do I do that?” so, here I am asking… how do you determine what a payment should be? He is looking at leasing a 2007 Lexus IS350. 37000 MSRP. 5000 down. 48 months. Anyone help me out? They quoted him $630/month. That sounds really high for a lease. Thanks in advance 🙂 ---
**Author:** ![soopa7fly](https://avatars.discourse-cdn.com/v4/letter/s/c77e96/32.png) [@soopa7fly](https://forums.speedlife.net/u/soopa7fly)\ **Post date:** [April 9, 2007, 10:58am UTC](https://forums.speedlife.net/t/leasing-question/27325/2 "2007-04-09T10:58:47Z")
if its 630/month, the buy out at the end of the lease should be a lot lower. ---
**Author:** ![Clean\_Baldy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/clean_baldy/32/7308_2.png) [@Clean\_Baldy](https://forums.speedlife.net/u/Clean_Baldy)\ **Post date:** [April 9, 2007, 11:03am UTC](https://forums.speedlife.net/t/leasing-question/27325/3 "2007-04-09T11:03:53Z")
how do I determine what is good and what isn’t? ---
**Author:** ![soopa7fly](https://avatars.discourse-cdn.com/v4/letter/s/c77e96/32.png) [@soopa7fly](https://forums.speedlife.net/u/soopa7fly)\ **Post date:** [April 9, 2007, 11:06am UTC](https://forums.speedlife.net/t/leasing-question/27325/4 "2007-04-09T11:06:03Z")
well you dont get to choose what the buy out price is. a car with a higher buy out will cost less per month, and a car with a low buy out will cost more. if $630/month is too high, he needs to look at something else. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 9, 2007, 11:09am UTC](https://forums.speedlife.net/t/leasing-question/27325/5 "2007-04-09T11:09:31Z")
48 months is a long time for a lease. 48 x 630 = 30240 30240 + 5000 cash at sale = 35240. So a $37000 car is only worth $1760 after 4 years? I know I’m not adding in sales tax, but still, this sounds like a total ripoff. I mean hell, you might as well buy the fucking thing if you’re already paying for 95% of the original cost. EDIT: Just ran the numbers. 37000 + 8.75% sales tax - 5000 cash financed at 3.9% for 60 months = 647/month. So yeah, that lease officially sucks balls. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [April 9, 2007, 11:14am UTC](https://forums.speedlife.net/t/leasing-question/27325/6 "2007-04-09T11:14:38Z")
You need to determine the value of the vehicle at the end of the lease (some quoting websites will provide this) and subtract that from the retail price and then subtract the down payment. Take that value and divide by the term of the lease. 630 \* 48 = $30,240 + $5,000 = $35,240 So either it is worth nothing at the end of 48 or a high rate. How many miles a year? ---
**Author:** ![Clean\_Baldy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/clean_baldy/32/7308_2.png) [@Clean\_Baldy](https://forums.speedlife.net/u/Clean_Baldy)\ **Post date:** [April 9, 2007, 11:24am UTC](https://forums.speedlife.net/t/leasing-question/27325/7 "2007-04-09T11:24:46Z")
since you guys know what you’re doing… say $37000 MSRP. 12000 a year. 48 months. 5000 down. What is a good price for a lexus is350? They cant lose that much value… What price should he be after? ---
**Author:** ![Justin](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justin/32/7459_2.png) [@Justin](https://forums.speedlife.net/u/Justin)\ **Post date:** [April 9, 2007, 11:28am UTC](https://forums.speedlife.net/t/leasing-question/27325/8 "2007-04-09T11:28:35Z")
Anything over $500/month is high for a IS350. ---
**Author:** ![soopa7fly](https://avatars.discourse-cdn.com/v4/letter/s/c77e96/32.png) [@soopa7fly](https://forums.speedlife.net/u/soopa7fly)\ **Post date:** [April 9, 2007, 11:29am UTC](https://forums.speedlife.net/t/leasing-question/27325/9 "2007-04-09T11:29:33Z")
tell your friend to look at a different car. i dont think there is anything he can do to get the payment under $600/mo unless he puts down 10k or only drives it 2k miles a year. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 9, 2007, 11:29am UTC](https://forums.speedlife.net/t/leasing-question/27325/10 "2007-04-09T11:29:57Z")
Ha… i really don’t know what I’m doing, I’m just a software engineer who writes banking software, so numbers really jump out at me. Your numbers in particular jumped out and said, “Holy shit, someone’s getting an ass raping by the Lexus dealer”. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [April 9, 2007, 11:31am UTC](https://forums.speedlife.net/t/leasing-question/27325/11 "2007-04-09T11:31:59Z")
they didnt quote a lease, it sounds like they quoted a traditional loan audi is doing the A4 convertible for 399, it has a msrp of 39k… BMW has the 335i for 399 @ msrp of 40 ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 9, 2007, 11:46am UTC](https://forums.speedlife.net/t/leasing-question/27325/12 "2007-04-09T11:46:09Z")
[http://www.leasecompare.com/quick\_lease\_quotes.php?ModelYear=2007&MakeID=430&ModelID=314&StyleID=105&Make=&Model=&Trim=&ZipCode=14221&QuickQuote=-1](http://www.leasecompare.com/quick_lease_quotes.php?ModelYear=2007&MakeID=430&ModelID=314&StyleID=105&Make=&Model=&Trim=&ZipCode=14221&QuickQuote=-1) soopa7fly, do you have any idea what you’re talking about? 600+ on an IS350 seems insane from what I’ve seen. ---
**Author:** ![soopa7fly](https://avatars.discourse-cdn.com/v4/letter/s/c77e96/32.png) [@soopa7fly](https://forums.speedlife.net/u/soopa7fly)\ **Post date:** [April 9, 2007, 11:51am UTC](https://forums.speedlife.net/t/leasing-question/27325/13 "2007-04-09T11:51:50Z")
im not an expert, but ive leased cars before. and yeah $630 is extremely insane. what baldy didnt mention was that the guy looking for this car is 21 years old. they gave him a jacked price. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [April 9, 2007, 11:54am UTC](https://forums.speedlife.net/t/leasing-question/27325/14 "2007-04-09T11:54:30Z")
[quote=“soopa7fly,post:13,topic:27325"”] im not an expert, but ive leased cars before. and yeah $630 is extremely insane. what baldy didnt mention was that the guy looking for this car is 21 years old. they gave him a jacked price. [/quote] unless they made the car 50k, its not a 630 lease… no way no how, they quoted him the cost to PURCHASE teh car with 5k down ---
**Author:** ![vq30de](https://avatars.discourse-cdn.com/v4/letter/v/9dc877/32.png) [@vq30de](https://forums.speedlife.net/u/vq30de)\ **Post date:** [April 9, 2007, 11:55am UTC](https://forums.speedlife.net/t/leasing-question/27325/15 "2007-04-09T11:55:27Z")
[quote=“Viper966,post:14,topic:27325"”] unless they made the car 50k, its not a 630 lease… no way no how, they quoted him the cost to PURCHASE teh car with 5k down [/quote] I doubt it. I have been quoted some astrinomical figures for leasing cars before. Then my dad walks in with me and it somehow gets lower? ---
**Author:** ![soopa7fly](https://avatars.discourse-cdn.com/v4/letter/s/c77e96/32.png) [@soopa7fly](https://forums.speedlife.net/u/soopa7fly)\ **Post date:** [April 9, 2007, 11:57am UTC](https://forums.speedlife.net/t/leasing-question/27325/16 "2007-04-09T11:57:11Z")
[quote=“Viper966,post:14,topic:27325"”] unless they made the car 50k [/quote] it wouldnt surprise me if they did. i know the kid in question, hes quite :gay: ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [April 9, 2007, 12:46pm UTC](https://forums.speedlife.net/t/leasing-question/27325/17 "2007-04-09T12:46:29Z")
check out those short term lease sites, way cheaper. ---
**Author:** ![Slopoke](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slopoke/32/7248_2.png) [@Slopoke](https://forums.speedlife.net/u/Slopoke)\ **Post date:** [April 9, 2007, 5:34pm UTC](https://forums.speedlife.net/t/leasing-question/27325/18 "2007-04-09T17:34:08Z")
EVERYTHING DEPENDS on the company/model… Some cars lease out great others dont, usually the high performance end of every model doesnt. He can probly lease an is250 with $3000 down for under $400/month. Just like neons, you could lease a base neon ($17,000 msrp) for about $160/month but and SRT-4 (msrp $20,000) would be about $420/month. The company doesnt want that car back in 3yrs because they figure it was beat on. Also if his credit is shit that would cost the payment to jump up as well, or if he is trading in a vehicle that he is upside down on… they would have to roll the remainder of his present payment into the lexus raisin the payments. The other day i had a customer intrested in leasing a tiburon gt limited (msrp $22,000) for about $430/month, and we are also leasing sonata’s (msrp $20,000) for $199/month wtf??? All depends on Companies deals… ---
**Author:** ![Kramer](https://avatars.discourse-cdn.com/v4/letter/k/97f17d/32.png) [@Kramer](https://forums.speedlife.net/u/Kramer)\ **Post date:** [April 9, 2007, 5:38pm UTC](https://forums.speedlife.net/t/leasing-question/27325/19 "2007-04-09T17:38:43Z")
i want to know what 21 year old is even toying with a 600+dollar lease