Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





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

1525355575891

Comments

  • delnoledelnole Posts: 12
    Does anyone know what Lexus' terms are for buying down the money factor? How much of a reduction for each security deposit?
  • I understand it is .00008 per deposit, which would bring .00220 to .00148 if you put up all 9 available.
  • what are options to buy down money factor? what are you referring to when you say put up all 9 available? Working on negotiating a lease and looking for some tips to get the best possible lease. Open for advice. Thx
  • You buy down factor by putting up multiple security deposits which are in the amount of one lease payment each rounded to the next highest $50.00 mark, e.g. payments are $507.00. sd would be $550.00 each. These deposits are fully refundable at end of term of lease assuming no damage or overmileage. That's the only way to buy down factor that I know of, except maybe with non-refundable CASH...and what would be the point?? Lexus only at certain times offers the MSD option and not necessarily on all models.
  • You're very welcome Tymo.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey tymo. Here's the latest info for the vehicle that you are interested in.

    Lexus Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2010 RX 350 AWD without the entertainment system with 15,000 miles per year are .00245 and 60%, respectively.

    The numbers for an otherwise identical lease of a '10 RX 350 FWD are .00245 and 60%.

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

    Lexus is currently providing an enhanced .00220 money factor on this truck for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello,

    I am hoping to lease a 2010 Rx350 without Nav, just the premium pkg, heated seats, backup camera, and tow package. Here is where I stand thus far and need help in determining if there is more wiggle room or is this a good price based on what others are spending.
    MSRP about $44000
    Sale price $40000 ($4K off sticker)
    4 year lease 15K/year
    Money down - first month payment & acq. fee I think totaling about $1500 or so the salesmen said.
    He quoted us $587 with taxes (5%).

    I live in WI and have perfect credit and have bought several lexus' in the past, which may qualify me for better rates?

    Please help me determine where to go from here. My family and I have never leased a lexus before.

    Thank you so much!
    Brandon
  • I am in AZ I was quoted a lease

    MSRP 42,336

    Current Price: 40,220
    12K miles/yr 36 month lease
    MF .00245 62% residual
    Down 5500 including drive off fees (approx 2499)
    Lease payment: 506.00 incl tax

    Is there room for more or am i at the low point?

    Thanks frogspt
  • Congratulations on getting your new RX, wease944. Thanks for taking the time to share the details of your lease with everyone. If you haven't already, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well.

    Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi delnole. What you were told is correct. Amazingly, Lexus carried over its residual values (which it actually boosted by three points during the fourth quarter) unchanged through the end of March.

    However, now that December to Remember is over Lexus is not providing lease support on the RX any longer for non-loyal customers. Its current buy rate for Tier 1+ customers who are not returning customers is .00245. This factor drops to .00220 for loyal customers.

    The specific residual value for a 36 month, 12,000 mile per year lease of the truck that you're interested in is 62%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Brandon. You're off to a good start for someone who has never leased a Lexus before. Many consumers don't realize that the selling prices of leased vehicles are negotiable. The $4,000 discount that you have negotiated on the RX that you are considering sounds like a very attractive price to me.

    Just make sure that the dealer that you are working with uses Lexus Financial Services' current buy rate lease money factor of .00245 to calculate your truck's payment and you're in business. Also, ask the dealer if you qualify for the special enhanced .00220 money factor for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Thank you for the advice. I am calling one other dealer to see if they are able to beat the other price I mentioned above. I reminded them I am a loyal customer so to utlize the better MF rate. I really am shooting for the 4 yr lease 15K/year no money down for about $550/month(the other dealer is at $587).

    Do you feel $4k off sticker is about the limit based on the vehicle I am looking to buy?

    Thanks again!
    Brandon
  • jayriderjayrider Posts: 3,265
    The only way a 4 year lease makes sense is if you are leasing to buy. Tires and brakes could be a factor just before you turn it in. Plus at 60k miles you will be out of warranty. See what the 3 year lease will cost you.
  • geekmageekma Posts: 20
    I'm looking for an AWD w/Nav in the Seattle area. Has anyone out there leased a similar vehicle from one of the few dealers in the area? If, what was the final cap cost? I assume money factor and residual are the same across the country. Is that correct? Thanks.
  • From reading this board it seems the best deals have been for a 10 to 12% discount off of MSRP or a $48,000 MSRP for $42,240 to $43,200. Does anyone have the name and dealer where they received a deal in this range?

    I spoke with a finance manager yesterday and repeat customers with good credit can get a 36 mo lease on the AWD for money factor 0.0022 and 62% residual but they said no additional money factor discount for multiple security deposits - anyone hear differently?

    Thanks so much
  • I just traded out of the lease 3 months early on my 2008 RX (no nav) for a 2010 rx (list $44,000) and kept the exact same payment of $540.00 for a 36 month 15,000 mi per year lease with all sales tax included (8% in IL) with no money down other than a $4,950 security deposit carried over from the 2008 lease. This is the 6th time I have doned this and actually my payment is lower by $20.00 than the first lease back in 1998.

    What made it so difficult this time was that the residual was only $23,800 on the 2008 and I was really tempted to buy it as it only had 34,000 miles on it. The residual on the 2010 is like $26,500 which will make me less likely to buy it at the end of the new lease. I just saw on my dealers website he has my old car for sale at $32,900 which was about what
    I expected.
  • hi i am interested in leasing a lexus 2010 rx 350 awd with navi and have gotten a quote of $535 for $0 down (taxes and fees paid ahead of time) for 36 months and 12k/yr. Is this a good quote or can i negotiate a better price?
    Thanks for any help.
  • Car_Man

    Can you give me the same detailed lease info on 2010 Lexus ES 350 non nav ? Thanks!
  • delnoledelnole Posts: 12
    holla322 - I believe that is a pretty good deal. Assuming a 62% residual and .00245 money factor, a payment of $535 implies about a $42,200 selling price. I recently leased an AWD with navi and negotiated a selling price of $42,000. The MSRP on my RX was $47,250. If your MSRP is in that range or higher (I heard there has been a recent price increase) than it looks pretty good.
  • maximafanmaximafan Posts: 592
    Hello, margevans. Is the 2010 Rx that you leased with nav, no nav
    or nav and comfort package?
  • It is without NAV. I believe it has the comfort package, remote start, camera in mirror, heated and cooled seats etc.
  • maximafanmaximafan Posts: 592
    The comfort package adds rain-sensing wipers and the adaptive front headlights. Here in the Tampa Bay area, you can't get the comfort package without having to purchase the navigation.

    Anyone else in the country able to get the comfort package without purchasing the nav??
  • I think on my car I have to "sense" when the windshield is wet and turn the wipers on. LOL My 2008 did have that feature. In Florida are most of the RX's shipped with LOL. Here is the complete details on the options I have. AWD 2010 RX $38,650, Backup Monitor $350, Heated and Ventilated Front Seats $640, Premium Package $2400, Tow Prep package $238, Trailer Hitch $400, Wood& Leather trim Steering Wheel and Shift Knob $330, Remote Start $375, Wheel Locks $81, freight $875, Grand Total $44,339.
  • maximafanmaximafan Posts: 592
    LOL!! Although, it has been a nice feature to have on my '07 RX.
    If I get the 2010, I'd have to spend almost $8,000 extra and get the
    Nav and comfort package so I can "keep" the rains-sensing wipers. I believe on my '07, it was a stand-alone option that was paid for.
  • Looking back on some of the options, I could have easily done without the back-up camera, remote start, and leather wrapped streering wheel, but thats the way my dealer orders them.
  • maximafanmaximafan Posts: 592
    I hear you on that one. I just want my next car to have some of the exact things that I have on my current car, except that I would like to have an auxiliary jack so I can play my iPod on it. I mean,
    heated and ventilated seats are nice and the back-up camera in the mirror is nice, but the things that I've enjoyed in my '07 RX are the rain-sensing wipers, the power tilt/telescoping steering wheel, the memory seats, power liftgate and the captains chairs for the front seats. I wasn't even looking for that, but I've come to appreciate the armrests on the captains chairs. I have yet to find all of these features together without extra "stuff" that I don't really care about and costing a lot more than what I would pay for the Lexus.

    And the other thing I do like that's on the 2010 RX is the push-button start.
  • The push button start is a great feature. I also like the way the car recognizes my remote versus my wife's and sets the seats accordingly.
  • My wife's Land Rover LR3 lease is up in March and she wants to downsize to the RX AWD (not sure if it's with or without Navi yet). I have been following the board for some time and it seems that the best deals have been for around 10% off msrp.

    If i use some reverse math on the Lexus ads i've been seeing lately (using .00245 mf) it would appear that they are discounting the msrp by only 2.5%.
    I'm curious if anyone has had any recent leasing experience in Northern NJ (specifically Prestige Lexus) that has come in below the ads.
  • So I currently have a 2006 GS with approx 48K miles - has had 1 accident with approx 2K worth of damage. I currently have 4 months left of a 48 month lease. Per LFS the payoff is $25K. Today went to Lexus as they told me that now that I am in close to the end I can get a good deal. Well here is the deal he gave me...at the Tacoma dealership for a fully loaded 2010 RX - MSRP $52K with approx 2k off the price. Trade = $18K. $3K down, 48 month lease with 10K miles and a total payment = $956/month. He didn't give me the MF or Residual figures. I didn't take this deal as I am currently paying $924/month and want to get my payment lower. I looked up my trade on nada.com and kelly blue book and it seems to me that my trade should be approx 20-22K even with the accident. Let me know if I should just want until the end of the lease and get into a new one or keep shopping. Let me know what deals are out there. Thanks.
  • I've heard unofficially that there will be a "program" equal to or better than the December deals, coming around the 15th or so of Feb. Residual to stay the same @ 60/62/63 and hopefully the MF will go down.
    can anyone confirm?
This discussion has been closed.