How to Lower the Car Lease Payment of a Lexus Without Making a Down Payment

Making multiple security deposits is a great way to reduce vehicles' monthly lease payments without making a down payment. The main benefit of making multiple security deposits on a lease instead of a down payment is unlike down payments, you actually get your security deposits back at lease-end. Here's how it's done.



Step 1: Decide what Lexus model you want.

Step 2: Decide how much you want to pay for it.

Step 3: Research what sort of lease program is available on it.
You should be able to get a good idea of what the current lease money factors and
residual values are for the Lexus car or truck that you are interested in by
visiting the corresponding discussion in the
"Prices Paid: Buying & Leasing Experiences" forum on Edmunds.com. If that
information is not available there, you can always call around or e-mail
several Lexus dealers in your area and ask them what the current lease program is
like for the model that you want. It is a good idea to ask several dealers
because not only is there a decent chance that some will not respond or will not
want to tell you, but you can compare the answers that you receive to make sure
that you are being told the truth.

Step 4: Decide how many additional security deposits you want to make.
Lexus Financial Services provides consumers with a reduction of .00010 in the
money factor that is used to calculate their vehicle's monthly payment for every
additional deposit they make, up to a maximum of nine additional deposits (a
total reduction of .00090). Each security deposit is equivalent to your vehicle's
original monthly payment rounded up to the nearest $25 or $50 increment.

Step 5: Determine how much you will save by making additional deposits.
Now that you know what the current money factor and residual value are for the
vehicle that you want and what sort of reduction you will receive for making
multiple security deposits, you can use the Edmunds.com lease calculator or the
formula that is outlined in the following guide to help you to play around with
different scenarios to see what impact making additional deposits will have upon
your vehicle's lease payment: How to Calculate Car Lease Payments. The exact
impact depend upon a number of factors, including your vehicle's MSRP, its
selling price, how long you want to lease it for, and its mileage allowance.

Step 6: Lease and Enjoy.
Once you hae thoroughly researched your lease, make your multiple security
deposits and enjoy knowing that you are getting it for a great payment and that
you will actually get your security deposits back at lease-end.

Note: Unfortunately multiple security deposits are not allowed a few states,
like New York.

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