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2014 Lexus RX 350 Lease Questions

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  • MichaellMichaell ColoradoPosts: 6,400

    @janulbug said: Also, what is the MF and RV on the 2015 RX 350 FWD 15k and 12k, 36mth lease in Los Angeles?

    I don't have any information on the 2015's just yet.

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  • janulbugjanulbug Posts: 22

    What was the May MF info?

  • MichaellMichaell ColoradoPosts: 6,400

    @janulbug said: What was the May MF info?

    Base MF for 2014 RX350 is .00075, for 2015 it is .00120. These expire today.

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  • atos2012atos2012 Posts: 36

    Hi @Michaell, any update on new numbers for this month? i am interested in 36/12k 2014 RX350 base FWD.Thanks

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  • kyfdxkyfdx Posts: 29,847

    @atos2012 said: Hi Michaell, any update on new numbers for this month? i am interested in 36/12k 2014 RX350 base FWD.Thanks

    .00075 MF and 60% residual. $1500 lease cash. Complimentary 1st payment.

    I think those are the same as last month.

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  • atos2012atos2012 Posts: 36

    ok thank you

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  • okie33okie33 Posts: 14

    2015 RX 350 36mo 15k? Does Lexus currently have incentives with the RX?

  • steverstever Viva Las CrucesPosts: 41,286
    edited June 7

    About the incentives part of your question it looks like there's $500 bonus cash. You should check our Incentives page for your zip code though - I don't have that available for my UP of Michigan zip code.

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  • kyfdxkyfdx Posts: 29,847

    @okie33 said: 2015 RX 350 36mo 15k? Does Lexus currently have incentives with the RX?

    .00120 MF and $500 lease cash.

    I only have the 24 month residual, which is 70% for 15K/yr.

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  • tonym6tonym6 Posts: 4

    What is a good lease amount on 2014 RX with 53,500 MSRP in CA? I want 36 mo/12k miles. Tier 1 credit. I was offered 530 per month including 8% taxes. Would really appreciate answer.

  • tonym6tonym6 Posts: 4

    Forgot to say 0 drive off

  • kyfdxkyfdx Posts: 29,847

    @tonym6 said: What is a good lease amount on 2014 RX with 53,500 MSRP in CA? I want 36 mo/12k miles. Tier 1 credit. I was offered 530 per month including 8% taxes. Would really appreciate answer.

    If you have a proposed selling price, we can calculate the lease payment. But, we don't track actual lease payments.

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  • bkmtxbkmtx Posts: 5

    What is the current MF and RV on the 2015 RX 350 FWD 12k and 10k, 36mth lease in Texas? How long should these numbers be valid? Thank you in advance!

  • kyfdxkyfdx Posts: 29,847

    @bkmtx said: What is the current MF and RV on the 2015 RX 350 FWD 12k and 10k, 36mth lease in Texas? How long should these numbers be valid? Thank you in advance!

    .00105 MF... We don't have all of the Lexus info for this month.. The 24 month residual is 71%/72% for 12K/10K mi/yr. No 36 month info, yet..

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  • bkmtxbkmtx Posts: 5

    @kyfdx said: .00105 MF... We don't have all of the Lexus info for this month.. The 24 month residual is 71%/72% for 12K/10K mi/yr. No 36 month info, yet..

    Thank you for the quick response! If you can please let me know when you have this information available. Thanks again!

  • jessica2011jessica2011 Posts: 18
    edited July 9
    A Lexus dealer told me the following July residuals for the 2015 RX 350 at 12k miles. 30 mos/67%,, 33mos/65%,, 30 mos/62%. Money factor quoted at .00105. I think for 10k you just add 1% to the residuals. Oh yah, I am in New York, not Texas, so don't really know if that helps you. If anybody in the New York area has residuals and money factor please share so that I may be able to compare. Thank you.
  • MichaellMichaell ColoradoPosts: 6,400

    @jessica2011 said: A Lexus dealer told me the following July residuals for the 2015 RX 350 at 12k miles. 30 mos/67%,, 33mos/65%,, 30 mos/62%. Money factor quoted at .00105. I think for 10k you just add 1% to the residuals. Oh yah, I am in New York, not Texas, so don't really know if that helps you. If anybody in the New York area has residuals and money factor please share so that I may be able to compare. Thank you.

    .00105 MF.

    30/12 - 66%

    33/12 - 64%

    36/12 - 61%

    add 1% for 10k

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  • dyna5dyna5 Posts: 8

    Can you provide residual and mf for 2015 AWD rx350, 27, 30,33,36 months at 7,500 miles. Thanks!

  • kyfdxkyfdx Posts: 29,847

    @dyna5 said: Can you provide residual and mf for 2015 AWD rx350, 27, 30,33,36 months at 7,500 miles. Thanks!

    2015 discussion is here:
    http://forums.edmunds.com/discussion/17930/lexus/rx-350/2015-lexus-rx-350-lease-questions#latest

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  • vishalsvishals Posts: 7
    Hello - I am getting the following offer from a dealer on a 2014 RX 350 AWD, with premium package, blind spot monitor and comfort package.
    MSRP : $51045
    Sale price:42641
    Residual 59% or 30117
    MF: 0.00170
    Sales tax rate: 6.25% in Texas
    Initial down:$4k
    Monthly payment :$475
    36 months, 12k miles lease

    Is this a good deal? Or should I renegotiate?
    Thanks
  • MichaellMichaell ColoradoPosts: 6,400

    @vishals said: Hello - I am getting the following offer from a dealer on a 2014 RX 350 AWD, with premium package, blind spot monitor and comfort package. MSRP : $51045 Sale price:42641 Residual 59% or 30117 MF: 0.00170 Sales tax rate: 6.25% in Texas Initial down:$4k Monthly payment :$475 36 months, 12k miles lease
    Is this a good deal? Or should I renegotiate? Thanks

    MF seems to be marked up, but I don't have the 2014 RX MF to compare it to.

    Is the $4K being used to pay the tax obligation and other up front fees?

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  • vishalsvishals Posts: 7
    They haven't shared what the 4k will be applied to. I am assuming part of it's being applied to the sales tax and fees totaling 3k.
  • MichaellMichaell ColoradoPosts: 6,400

    @vishals said: They haven't shared what the 4k will be applied to. I am assuming part of it's being applied to the sales tax and fees totaling 3k.

    I would ask for a detailed breakdown of those up front costs.

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  • vishalsvishals Posts: 7
    The 4k will be applied towards capital cost reduction.
  • MichaellMichaell ColoradoPosts: 6,400

    @vishals said: The 4k will be applied towards capital cost reduction.

    That is something we advise against - if the car is stolen or totaled, you would be out the money.

    Consider instead using that money to make multiple security deposits to lower the MF. The advantage is that the money is returned to you at the end of the lease.

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  • vishalsvishals Posts: 7
    Are security deposits acceptable in Texas? How much are they? And how much do they bring the MF down by?
    Thank you so much for all your advise by the way
  • MichaellMichaell ColoradoPosts: 6,400

    @vishals said: Are security deposits acceptable in Texas? How much are they? And how much do they bring the MF down by? Thank you so much for all your advise by the way

    Each security deposit reduces the MF by .0008, maximum of 9 allowed.

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  • vishalsvishals Posts: 7
    And how much is a security deposit amount usually? $500?
  • MichaellMichaell ColoradoPosts: 6,400

    @vishals said: And how much is a security deposit amount usually? $500?

    Each security deposit is the amount of the monthly payment, rounded up to the nearest $25 or $50.

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  • vishalsvishals Posts: 7
    Thanks to your recommendation I changed the $4k down towards 9 security deposits which brought my monthly payment down to $452 from $475 plus I will get the money back at lease end. Provided no damage to vehicle. Thanks again
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