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2014 Lexus RX 350 Lease Questions

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Comments

  • This for the validation, Michaell...I'm thinking 36 mths would be smart, dealerships typically bargain in late November instead of February/March when a 27 mth would come due...
    ·
  • Update after I worked with the dealer today, getting a better deal

    '15 RX350 AWD 10k/yr Lease offered in VA today:

    MSRP: $51,300 (added 19" wheels)
    Discount: -$4,800 (increased $800 to cover wheels)
    Manufacturer rebate: -$1,000
    Down payment: -$2,000
    $0 processing (removed this $499 fee)
    $700 Bank fee (BS but they removed the $449 fee)
    $95 County tax
    $1,842 VA tax
    Cap Cost: $46,136
    MF: .0009
    36 mth, 61% RV = $482/mth
    Lexus pays 1st mth payment
    Dealer pays 1st two services

    Look right?

    Thanks again!

    Steve
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  • kyfdxkyfdx Posts: 34,118
    Looks good. You can't get around the bank (acquisition) fee. Every bank has one.

    MODERATOR

    Prices Paid, Lease Questions, SUVs

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  • Michael and kyfdx,

    I made the above deal today and feel I did very well. All this was made possible with the education you two provide on this forum. Thanks a bunch and if you ever need a ride in NoVA give me a call, I owe you!

    Steve
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  • wawa1wawa1 Posts: 9
    2015 RX350 AWD with NAV lease offer at Minnesota:
    MSRP $51,604
    Cap Cost $49,877
    MF 0.0015
    Residual 60%
    $3400 at signing
    $624 Doc fee
    $760.75 ACQ
    Monthly payment $646.65
    TAX $1640.92

    Looks like my deal was really bad, how do I make negotiation on this ? Whats the reasonable sell price to ask for ?
    ·
  • wawa1wawa1 Posts: 9
    36 months / 12k miles
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  • MichaellMichaell ColoradoPosts: 14,369
    wawa1 said:

    2015 RX350 AWD with NAV lease offer at Minnesota:
    MSRP $51,604
    Cap Cost $49,877
    MF 0.0015
    Residual 60%
    $3400 at signing
    $624 Doc fee
    $760.75 ACQ
    Monthly payment $646.65
    TAX $1640.92
    36 months / 12k miles

    Looks like my deal was really bad, how do I make negotiation on this ? Whats the reasonable sell price to ask for ?

    Base MF is .00090 this month - dealer may have marked it up for extra profit.

    Read back a few pages in this discussion to see what others have paid for their RX.

    What is the breakdown of the $3400 due at signing?

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    ·
  • kattychikattychi Posts: 1
    Hi.

    I went through to see if there was anything about leasing in Chicago - and couldn't find anything. I am looking to make a car purchase rather quickly and before I go into the dealership have a few questions.

    Looking at 2015 AWD RX350
    Lease term 36/mo either 7500 or 10k/yr

    What is the residual and money factor currently?

    Thanks
    ·
  • MichaellMichaell ColoradoPosts: 14,369
    kattychi said:

    Hi.

    I went through to see if there was anything about leasing in Chicago - and couldn't find anything. I am looking to make a car purchase rather quickly and before I go into the dealership have a few questions.

    Looking at 2015 AWD RX350
    Lease term 36/mo either 7500 or 10k/yr

    What is the residual and money factor currently?

    Thanks

    36/10 - 61% and .00090 MF

    Add 1% for 7500 miles per year.

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    ·
  • bmorehunterbmorehunter Posts: 2
    Morning everyone,

    I am interested in going to my local MD Lexus dealership today for a Crafted Line RX350AWD and was hoping to find out the RV and F are for a 36 or 48 month lease with 15K per year. This forum has been a gem in deciing the best lease option available to me in MD. Now, I have bought a few Lexus vehicles at Hendrick Lexus in NC and when I go to their direct site the down payment required is LESS than here in MD but same terms apply for the rest. Any idea why this is so? I may be tempted to just fly to Hendrick and get the car like I have done before. Thanks to anyone who can help here.
    ·
  • MichaellMichaell ColoradoPosts: 14,369

    Morning everyone,

    I am interested in going to my local MD Lexus dealership today for a Crafted Line RX350AWD and was hoping to find out the RV and F are for a 36 or 48 month lease with 15K per year. This forum has been a gem in deciing the best lease option available to me in MD. Now, I have bought a few Lexus vehicles at Hendrick Lexus in NC and when I go to their direct site the down payment required is LESS than here in MD but same terms apply for the rest. Any idea why this is so? I may be tempted to just fly to Hendrick and get the car like I have done before. Thanks to anyone who can help here.

    Could be local regulations between MD and NC, but not 100% certain.

    We only have residuals for March at this time; we're hoping to get the updated MF information soon.

    36/15 on the RX is 58%; 48/15 is 49%.

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    ·
  • ljw3ljw3 Posts: 1
    Can anyone please help with money factor and residuals for RX450h model? Unable to find anywhere on the site. Looking to compare 36mo at both 12k and 15k/yr.

    Much appreciated!
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  • MichaellMichaell ColoradoPosts: 14,369
    ljw3 said:

    Can anyone please help with money factor and residuals for RX450h model? Unable to find anywhere on the site. Looking to compare 36mo at both 12k and 15k/yr.

    Much appreciated!

    36/15 numbers are 56% and .00070. $1500 lease cash.

    Add 2% for 12K

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    ·
  • btiger14btiger14 Posts: 20
    Would you have the current residual rate for 12k per year for the RX350. I understand the money factor to be .00070. Thank you
    ·
  • btiger14btiger14 Posts: 20
    sorry -- residual for 12/36 for the RX350?
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  • MichaellMichaell ColoradoPosts: 14,369
    btiger14 said:

    Would you have the current residual rate for 36/12k per year for the RX350. I understand the money factor to be .00070. Thank you

    60% and .00070. $1500 lease cash.

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    ·
  • ClairesClaires Chicago areaPosts: 1,190
    To discuss the latest lease details for the current model, please join us in the 2015 Lexus RX 350 Lease Questions forum.

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    ·
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2014 Lexus RX 350 Lease Questions - Page 7 - Car Forums at Edmunds.com