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

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  • Hi sunnyek. The easiest way to evaluate this deal would be to look at this truck's selling price in relation to its MSRP. These numbers will enable us to see how large a dealer discount you are being given and in turn if there's any room left to negotiate.

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

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hello everyone...

    Wondering if someone has and can post the Feb 2011 info for an RX350?

    Specifically, I am looking for the residual and money factor on a 36 month lease at 12k mi/yr.

    Sounds like the aggressive purchase price is somewhere between $800 and $1000 above invoice.
  • jp89jp89 Posts: 10
    It depends where are you buying. In northeast, NY, we have A and B packages both include the comfort package and premium package. B comes with navigation package. I got $1000 below invoice price with AWD and navigation package. I leased for 36 months, 12k annual. The MF is 0.007 and residual is 57% in Juanuary 20's.
  • I hope that MF is a typo, that would be a very bad MF...
  • What are the current MF, residual, etc for RX350 2011 for 12k lease, 36 months?

    Is it going to change in March? Should I wait?

    I'm choosing between the rx350 and a BMW X3, which is a better deal from the financing point of view on similar price and terms? Which dealer is usually more willing to deal? My BMW lease runs out at the end of Feb.

    Thanks!
  • Is the money factor negotiable in leasing an 2011 Rx 350? I have seen some people post a MF of 0.0017, I was offered 0.0019. Here are the specifics -

    MSRP - 44,208
    Negotiated Price - 39,354
    Residual - 25,640.64
    36 months
    10,000 miles/yr
    5,150 down payment

    pymt 416 + 33.70 tx (NV) = 449.70
  • jp89jp89 Posts: 10
    It is typo, the MF is .0017
  • Hello vinniepham. Lexus Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2011 RX 350 AWD with 12,000 miles per year are .00170 and 57%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    I would say that anything between $500 and $1,000 over dealer invoice is a reasonable price to pay for an RX right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi elizariev Lexus Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2011 RX 350 AWD with 12,000 miles per year are .00170 and 55%, respectively for consumers who qualify for its top credit tier.

    Lexus is scheduled to introduce a new lease program in March, but it's difficult to say what its new program will be like.

    BMW's and Lexus' current lease programs for the X3 and RX 350 are virtually identical if you are a returning BMW customer (which you are). If not, then the Lexus program is better.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi hvaleagues. The money factor that you mentioned, .00170, is correct for consumers who qualify for Lexus Financial Services' top aka "Tier 1+" credit tier. Though it may vary slightly by region. Try talking with another dealer in your area to see what money factor they quote you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi. I was offered a lease with an option to buy for rx350 base model for 7500 down and 350 a month including all taxes and registration...what do you think of this offer or 7500 down and 425 a month for a fully loaded car
  • tjffarmstjffarms Posts: 1
    Hi Car_man,

    The new money factor for March 2011 is .00145 on the 2011 Lexus RX 350 for a 36 mo. lease with 15k/yr. Residual value stays at 55% for vehicle w/ Premium package.

    Thanks for all your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi russianguy. Let me begin by saying that $7,500 is a lot of money to put down on a lease. I always advise consumers to put as little money down as possible on leases.

    If you provide us with this truck's MSRP and selling price, I'm sure that either myself or another knowledgeable community member will tell you what they think of this deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • This is my first lease and my first Lexus. I've got Lexus RX 350 AWD, prem, navig, comfort, park assist, etc.
    MSRP 48,643
    Lease-end Value 26,753.65
    Annual Mileage 15,000
    Residual 55%
    Initial cap Cost 41,750
    total sales tax 1,834.20
    Bank Acq Fee 700
    Adj Cap Cost 42450
    rate Money factor 0.00145
    Term 36
    Mo Use Tax 9.5%:50.95
    base Monthly rental 536.36
    Total Monthly paymt 587.31
    Total Initial Fees 53.75
    Total Annual Fees 575
    Driveoff (incl 1st month) 1,216.06

    So, how did I do? Is it o'k for that car $1,216 down with 1st pmt and $587.31/mo for 36 mo, 15,000mi/yr???
  • oneo10oneo10 Posts: 9
    edited March 2011
    I am new to leasing: Does anyone know if a dealer has a new 2010 rx350, can that be leased? Do leases have to be for the curernt year model? Any help is appreciated.
  • jim53jim53 Posts: 109
    Car_Man,

    Can you tell me what the March lease numbers look like for a 2011 AWD RX350 assuming 10K miles per year and 36 month term?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi oneo10. Yes, I believe that one could still technically lease a leftover 2010 Lexus through Lexus Financial Services if they really wanted to. Lexus is not providing lease support on leftover '10 models any longer though. That means you would have to use its standard lease program.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jim53. Lexus Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 RX 350 AWD with 10,000 miles per year are .00145 and 58%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jim53jim53 Posts: 109
    Thanks. Forgot to also ask if they still offer a multiple deposit program on leases and if so what are the current guidelines.

    Thanks again.
  • That's a good deal based on my quotes. Where is the dealership located? Any negotiation tips? Thanks and congrats on your new car!
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