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2013 and earlier Lexus RX 350 / RX 450h Lease Questions

19798100102103136

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  • Hi Car Man,

    I just leased an RX 350, AWD, 2010, premium package with navigation. MSRP slightly under ~$49000. With 15k miles/yr, with $1910 drive off and $541/month including tax.
    Did I do good?

    thanks.
  • I am intersted in either a 2010 or 2011 LExus RX 350 lease 4 years 10,000 or 12,000 miles, no money down. Does anyone know what the money factor and residual values are for these vehicles. If so, could you please share.
  • Im interested in the 2011 MFs and residuals for November as well, but for 36 month leases. Thanks.
  • Hi rkhalil. You really need to find out what this cars selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing the selling price, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate.

    Let us know and I'm sure that either myself or another helpful community member will gladly tell you what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi geojre. Lexus Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 RX 350 AWD with 12,000 miles per year are .00210 and 56%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.

    The numbers for an otherwise identical 39 month lease are .00210 and 53%.

    When negotiating your deal on this truck, make sure to take advantage of the $2,000 dealer cash that is currently available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hello andallthatjazz. LFS' current buy rate lease money factor and residual value for a 36 month lease of a 2010 RX450h AWD with 15,000 miles per year are .00210 and 53%, respectively.

    The numbers for an otherwise identical 48 month lease are .00210 and 44%.

    If you were to lease this truck with only 12,000 miles per year, its residual values would be 2% higher.

    When negotiating your deal, make sure to take advantage of the $2,000 dealer cash that is currently available on this model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi slickyrick. The easiest way to evaluate this deal is to look at this truck's selling price in relation to its MSRP. Do you know what its selling price was?

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited November 2010
    Hi blizzieb. Lexus Financial Services' current 36 month buy rate lease money factor and residual value for a 48 month lease of a 2010 RX 350 AWD with 12,000 miles per year are .00210 and 47%, respectively for consumers who qualify for its top aka Tier 1+ credit tier.

    The numbers for an otherwise identical lease of a 2011 model are .00210 and 50%.

    There's $2,000 dealer cash on the 2010 model, but none on the 2011 model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi arbitrage1. Lexus Financial Services current buy rate lease money factor and residual value for a 36 month lease of a 2011 RX 350 AWD with 15,000 miles per year are .00210 and 57%, respectively for Tier 1+ customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi everyone. Just a bit of advise. Anyone who is in the market for a new Lexus, particularly a 2011 model, might want to wait a couple of weeks to get one. Rumor has it that Lexus will introduce its annual "December to Remember" sales event on November 19th. There is a good chance that its lease program on most models will be better through the new program than it is today.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • geojregeojre Posts: 12
    Any incentives for current lexus leasee's in PA?
  • I hear that the December to Remember MF lease rate is .00180 (in So CA region). You can buy the rate down with MSDs, each SD (security deposit) is a .00008 reduction in rate, to a maximum of 9 SDs or a .00072 reduction. I couldn't wait and pulled the trigger on a 2010 RX450h Awd yesterday . . .
  • Hi CarMan,

    I live in the Northwest and am new to the forum. We are in the market for a new rx450h and was wondering if you heard about any lease deals with the "December to Remember" event?
  • My friend just got a great deal on a 2011 RX350 AWD. Premium Package, Comfort Package and Navigation with an M.S.R.P. of $47,985.00. 36 month lease with 12,000 miles per year and selling price 42,000.00. Monthly payment of $520.87 per month and just inception fees due at signing. I told him about www.simplifiedcarbuying.com 2 weeks ago and he said the process of buying a new car was never easier. Now he swears by it. I'm telling all you guys who want the best deal on a new car to use www.simplifiedcarbuying.com - dealers are getting trickyer and sneakyer - the stuff you learn from this website will really help you save money and time. Good Luck!
  • Here is the numbers I can use some help with. Negotiating a lease in MI for my mother-in-law. Here is where we have started with the dealer:

    RX 350 AWD Base $39,375

    Comfort Pkg.: $1,950
    Cargo Spider Net: $49
    12-Spker Prem Audio Sys: $110
    Navigation: $2,465
    Intuitive Parking: $500
    Premium Pkg: $2,400
    Towing Prep Pkg: $238
    Remote Start: $375
    Wood & Leather Steering: $330
    Accy Pkg: $242
    Paint Protect: $429
    Cross Bars: $259

    ---Total Options: $9,347

    Delivery: $875

    Total MSRP: $49,597

    Sales Price: $46,199.82
    Money Factor: .00150
    3yr Residual: 57%
    36 mth lease with 15k miles/yr

    Mthly Payment Base: $609.75
    Mthly Sales Tax: $36.59
    Total Payment: $646.34

    Having trouble right now coming up with the same numbers the dealer did. Wanted to know if the money factor and residual values I have are correct for this month. What do you think about the sales price of the car? Should I be able to get it lower? They sales person also mentioned a lease acquisition fee for $700 and a doc fee of $190. Wondering if those sound right or if I should haggle them down.
  • Hi, I got approx. same numbers using your MF & RV. Can you share with me name of dealer and dealership in Michigan where you got your SUV? Thinking of similar truck from Meade of Southfield. For me $650/mo is pretty high and I need or better discount or different option pkg or maybe Jeep Overland. Acq.$700 & doc.$190 look right to me. Enjoy your Lexus!
  • Hi geojre. Unfortunately, Lexus is not currently offering much in the way of loyalty incentives on the RX 350 right now. The only thing that I am aware of is the ability to get out of one's lease up to six months early for free.

    Car_man
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  • Hi hybrid9. Lexus is providing a special lease money factor of .00150 (Tier 1+) on the 2011 RX 450h during its December to Remember event.

    In addition to that, Lexus is providing a $1,000 cash incentive to current owners of competitive luxury vehicles.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • i_spyi_spy Posts: 1
    Hi car_man,

    Could you please advise me the current money factor and residual on the 2010 and 2011 RX350 AWD with the following terms? With the $2000 incentives on the 2010 model, I am trying to do the math and see whether it's better to lease a 10 or 11. Thanks very much!

    24 months / 20,000 miles
    36 months / 30,000 miles

    Btw, based on what I've read in the forum so far, I assume the same MF & residual applied to FWD model as well, right?

    Thanks again!

    i-SpY
  • Car Man -

    To expand on i-Spy's inquiry, could you also list the residuals and MF for 2011 AWD RX350 for 48 months with 12,000 miles?

    Mahalo
This discussion has been closed.