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2014 Lexus RX 350 Prices Paid and Buying Experience

Stever@EdmundsStever@Edmunds YooperlandPosts: 38,968
edited January 29 in Lexus
This discussion was created from comments split from: Lexus RX 350 Prices Paid and Buying Experience.
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Comments

  • btfdbtfd Posts: 2
    edited December 2013

    What would a fair offer be for a 2014 RX 350 with a MSRP of 49,900? I was thinking of a offer that was 8% off the MSRP....any opinions or thoughts? Thanks.

  • btfdbtfd Posts: 2

    Dealer located in Texas.

  • Claire@EdmundsClaire@Edmunds Chicago areaPosts: 968

    Hi, btfd -- other members are talking about their buying strategies in the RX 350 Prices Paid & Buying Experience Forum. Check it out!

    Claire

    HOST

  • @btfd said: What would a fair offer be for a 2014 RX 350 with a MSRP of 49,900? I was thinking of a offer that was 8% off the MSRP....any opinions or thoughts? Thanks.

    Did you look to see if any dealers in your area have signed up with Price Promise and compare with what you're looking to pay? Here is a link to the RX 350 page, http://www.edmunds.com/lexus/rx-350/2014/. Enter your zip code for dealers in your area.

    Karen-Edmunds Community Manager

  • Mark@EdmundsMark@Edmunds Santa Monica, CAPosts: 47

    I checked True Market Value pricing for the 2014 RX350, and it looks like most people are paying about 2% under sticker. Still, it can't hurt to offer a little less and see what happens! Or, like Karen said, check out the Price Promise offers in your area and see what they look like. Good luck!

  • First time posting here and I wanted to thank you all for your posts because it helped me negotiate the deal below:

    2014 RX 350 F Sport MSRP $52,649 Final Price $47,250 27 month lease with 10K miles MF .001; Resid 70% $1000 out of pocket and $510.18 per month

    Got this offer from 2 dealers in SoCal, Longo Lexus and Mission Viejo Lexus. Good luck!!

  • cartman13cartman13 Posts: 43
    edited December 2013

    @awedio said:

    My understanding is $2k only for a purchase and financing through LFS. $500 +1st month for leases with LFS

    If you get the. To do the $2k on a lease more power to you!

  • awedioawedio Posts: 46

    My mistake, you were correct. $2k is only for a buy

  • awedioawedio Posts: 46

    Leased a '14 RX 350 F Sport (MSRP $52,649) Went 24 mo. @ 10K miles $1000 out of pocket, $535+ per month

  • @awedio said: Leased a '14 RX 350 F Sport (MSRP $52,649) Went 24 mo. @ 10K miles $1000 out of pocket, $535+ per month

    out of curiosity, why 24 and not 27? was the residual higher for the 24?

  • awedioawedio Posts: 46

    I'm not sure if the residual was higher, the 24 mo. payment was $5/mo higher.

    Since DMV fees are due at month 24, we thought why pay registration for the whole year & only "have" the car for another 3 months?

  • AJ415AJ415 San Francisco Bay AreaPosts: 4

    I think there are a few reasons to go 24 months. Awedio hit the first one about the registration. The second is the residual is a little higher on 24 months vs. 27. The third is that is you are leasing now, 24 months puts you back into the whole December to Remember event in two years. Instead of March the next time around.

  • awedioawedio Posts: 46
    edited December 2013

    AJ415, that's also an excellent point (re Dec. to remember). The Finance Manager & Sales guy at Keyes also mentioned this.

    They also said Lexus has a 3 month "trade-out" option where they allow you to get out of your lease if you have 3 months or less.

    Can anyone cofirm that?

  • awedioawedio Posts: 46

    The 15K service on the RX is said to cost approx $500

    Can anyone confirm that?

    All our services are included as part of our lease deal

  • AJ415AJ415 San Francisco Bay AreaPosts: 4

    Awedio, Did you want to list the specifics of the deal you made?

  • awedioawedio Posts: 46
    edited December 2013

    AJ415, no prob

    2014 RX 350 F Sport - Grey/Blk interior (MSRP $52,649)

    24 mo. @ 10K miles, $1000 out of pocket, $535+ per month

    IIRC, the 27 mo. deal had a payment of $527

    Later tonight, I will look at the deal sheet for the exact figures

  • Hmm. Interesting. Was thought I read lexus financial was floating the same residual for 24 and 27 months. What did your residual end up being?

    $535 tax included and $1k drive off sounds pretty good. Keyes is always very aggressive. Just hate chrome wheels - which doesn't look like they did to that f-sport thankfully!

    It's pretty typical that you can exit a lease 3 months early. But it's usually a balance if positive equity vs your remaining lease payments. Also you can always buy it out early as well. I rarely hit anywhere close to my mileage limit so typically get some money back selling it rather than turning it in.

    As for the service $500 seems awfully high. Call a couple dealerships and ask what it costs for a 2013 rx. I think the 20k service is the big one. But 5 and 10k are paid for my lexus. Still by my calc I passed up buying the prepaid service for $400.

    Congras on the new ride! Same color combo here!

  • awedioawedio Posts: 46
    edited December 2013

    Details:

    MSRP: $52,649

    Itemization of Gross Cap Cost: $49,331.15 = 48631 (agreed upon value) + 700 (acq. fee)

    Cap Cost Reduction: $892.14

    Adjusted Cap Cost: $48,439.01

    Residual: $37,907.28

  • awedioawedio Posts: 46

    My original plan was to lease the standard RX with Appearance pkg.

    I had never seen an F Sport in person (just pics on the web)

    One look at the F Sport, it was a no-brainer!

  • awedioawedio Posts: 46

    Paperwork shows 5, 10, 15 & 20K service's are included as part of the lease deal.

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