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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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I would be happy to give you my opinion of this deal if you provide me with a detailed description of the truck that you are interested in.
Car_man
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P.S. I had to delete your post because it contained your e-mail address. If you want community members to e-mail you, make your address public in your profile and tell them to check there. Thanks.
Car_man
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As long as you have made your final payment on your Highlander lease, there's nothing wrong with turning it in slightly early.
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I'm being told the Teir 1+ money factor is 0.00133 but I'm being told a weird residual. 54% for 15K, not 56%. Maybe they are trying to make some extra cash off me.
Also, is it true that if I want 18K a year, that there is no residual for that. I'm being told I must either prepay the extra 3K at 15cents or pay if I go over 20 cents a mile when I turn in the car.
Well, supposedly this is the december to remember special. It seems to be lower than anybody else posted so far, so it seems to be legit.
I'm in Southern California and I'm getting crazy prices way below invoice without haggling. Is there some special incentives going on right now for the car?
Thanks
I leased a 07 RX350 FWD with Navigation today.
36 month lease with 12k per year.
$431.43 per month with 9 MSDs and no cap reduction...
MSRP: $44,160
Sales price: $37,500
Acquisition fee: $600
Registration, license: $308
Document prep: $48.71
Other fees: $36.75
Lease info:
Gross Capitalized Cost $38,100 (sales price + acquisition)
Current Money Factor for 36months 12K: .00133
Discount for putting down 9 refundable security deposits: .0009
Final Money Factor: .00043
Residual = 56%
Total monthly payment with 8.25% tax = $431.43
Multiple Security Deposit Info:
1 MSD = $450 (monthly pmt round up to next $25)
9 MSD = $4,050
Total Due at signing:
MSD = $4,050
first month pmt = $431.43
Fees = $393
Total Due at signing = $4,878 (I'll get $4,050 back.)
Hope this can help others.
2007 AWD RX 350
MSRP: $ 43.055
Capitalized Cost: $ 37,200.
Drive Off: $ 850.
36 months/12K miles
$ 451. + tax =
Total Payment: $ 486. 55
Note bad of a deal. Seems to be a glut of RX 350 here in Southern Ca. Went on Crown Lexus's lot on Sunday (John Elway's dealership), and they must have had over 75 RXs.
Msrp $40,680
Cap Cost: $37,465
Money factor:.00215 marked up from .00133 even though beacon score is 780
Residual 56%
Why are they not offering me top tier financing...they seem to be making plenty on the car
got a RX350 from lexus of oxnard without any trouble. MSRP:41500, Cap cost:35660+600(acquisation). Put down
$3825 for refundable desposit to lower the money factor
to 0.00037(0.9% APR). Residual is 56% for 3 years/12K. The drive off cost is
$400(DMV)+$406(first payment)+$3825(Multiple Security Deposit). Monthly payment is $375+$30(tax). If you live
in southern CA, you can call their internet department.
dealer seems to be eager to sell their cars.
calculator shows $415(including 8.25% tax) monthly payment. Since they offered
me $407, I didn't bother to ask why. Before doing MSD, they
said I have to pay $477 and they were using 0.00133 at that time.
Does anybody know if the mileage penalty is negotiable or not. So far I'm being told that if I prepay the penalty it's 15 cents a mile, 20 cents a mile if I pay afterwards. Is this a lexus financial figure or is it negotiable.
Thanks
His offer:
MSRP: 49,887
Sell Price: 45,051
36month/15k a year : 2500 down + (tax + inception fees) : $533.94 a month.
Lexus leasing is kind of confusing to me because the gs350 lease i was quoted was always around 700-800 with nav and almost identical sales price. So can someone let me know if this is a good deal or should i try to go lower.
I also noticed all the RX 350's had 18 inch wheels which was an additional $665 added to the list price. Can you get them with the standard wheels?
Is there any other lease fees that are standard items to charge for other than the acquisition fee of $600? I see some have listed documentation fees and mis garbage fees.
Did you put any Security Deposit on this deal? or It's just $850 drive off and that is it?
I am trying to get the car tomorrow. Please advise. Thanks.
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You may include the dealership name, city and state in your post. Please do not post names of salespeople, telephone numbers, email addresses, or other contact information.
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483. a month AWD.....
Crown Lexus in Ontario wanted to beat Longo. Here's their offer: Cap. cost: 37,000. 483.(incl.tx) and change w/800. total drive off.
Both dealers did not add any "extras".
Once again, this seems to be a So Cal deal, since the car seems to be way under invoice in this area.
I too did the 9 MSD's.
36 month lease with 18k per year.
$471.48 per month with 9 MSDs and no cap reduction...
MSRP: $44,146
Sales price: $37,500
Acquisition fee: $600
Registration, license: $335
Document prep: $48.71
Other fees: $8.75 (California Tire Fee)
Lease info:
Gross Capitalized Cost $38,100 (sales price + acquisition)
Current Money Factor for 36months 18K: .00133
Discount for putting down 9 refundable security deposits: .0009
Final Money Factor: .00043
Residual = 56% also minus $1350 for 9000 extra miles at $0.15. I'm doing 18K/year.
Total monthly payment with 8.25% tax = $471.48
I paid for first months and title at drive off. That's it.
Side note, I got 56% residual at 15K instead of 12K unlike redhad381. Don't know why, I didn't complain but the norm seems to be 56%/12K, 54%/15K.
what dealer did you buy from and what dealers did you check with? I am from OC and will be buying one shortly.
Thanks
That seems high compared to what deal I was offered. (See message # 283.) I am putting ZERO RSDs,(850 total down). with a MSRP of 43K, cap. cost of 37.2K for a payment of $ 487. Maybe the diff. is me going with 12K per yr. ? The residual is 24,545. With you putting that chunk of cash down and only $15. less a month, something is not computing here. I live in Orange County, and the tax rate here is 7.75%, so that makes a little difference. But, even with thed difference in mileage from 12K to 18K and $ 186. more in sales tax still wouldn't make up for the extra thousands
you are putting down.
Moolman's monthly w/o 9 MSDs would be about $531.
Your monthly with 9 MSDs, based on the numbers you provided, s/b about $426. (provided you actual cap cost is $37.8K, including $600 acquisition. Otherwise your numbers don't work out right.)
You would be saving about $61 a month with the 9 MSDs according to my calculations, or $2,196 for the duration of the lease.
Since your 9 MSDs would be $4,050, that would be a return of about 14.5% a year. This return is also non-taxable.
I don't know about others, but I don't see too many risk-free (or close to it) investments with guranteed non-taxbable return of 14.5% a year for three years.
Hope this helps.
You still can't explain WHY the payment of 531 W/O MSDs.
Bottom Line:
My deal on the table for a cap. cost /RX 350 AWD of $ 37,200 with ZERO $ down (850. lease inception $), with NO MSD for a TOTAL payment of $ 487. Again, 531. for the auto mentioned must be figured on a NON- DEC. TO R. lease rate. And, again, this offer is from TWO different Lexus dealers. It can be purchased (res.rate) for $ 24,500.
So, Moolman's deal, I feel is not all that great.
Moolman's monthly pmt before the MSD discount and before taxes would have been $455.17. Tax would be $37.55. Additional miles would be $38 a month. That would have made it $531. Instead, he's paying $60 less a month due to his MSDs.
I used the same Dec. to Rem. money factor of .00133 for both you and Moolman.
By the way, Moolman received $6,046 off MSRP, whereas your offer is $5,250 off MSRP. Plus, Moolman's residual is very good at 56% for 18K miles a year, while your offer is the standard 57% for 12K a year.
Moolman received an excellent deal both for his sales price and lease terms. I think you can improve on yours, though.
Good luck.
Moolman received $6,646 off MSRP, and your offer is for $5,850 off MSRP...
Thanks for the clarification. The extra mileage does explain the difference. I did receive 6,050 off list, so his deal IS a little better.
Thanks, again.
Well, I'll put my input in but redhad381 answered all the questions correctly.
I don't know why they gave me a 56% residual for 15K, I was quoted 54% but when the final papers came, it was 56%, so I didn't complain. Also, remember that I paid for the extra mileage up front of 9000 miles at 15 cents. So you have to minus $1350 from my residual.
From my experience, I gather the lowest price possible for the car, MSRP 44146 seems to be about $37400-$37500. After I got my quote of $37500 in writing and I went to a couple of more dealers to try to get them to beat it by a couple of hundred more, I offered to buy the car right then and there if they would do $37000. Four dealerships let me walk, they did offer $37400. I just went with my original dealer since they are local to me and gave me the best price up front. I was willing to buy from another dealer for $500 more off but for $100 I didn't want to switch.
Thanks again to redhad381 for his breakdown. It came in handy when I leased my car. Hopefully, others could get a great deal on this car.
Like Redhat381 said, where else can you get an almost 15% return, tax free. It's a great deal.
However, I was never told about getting "interest" on the MSD's? Does it have to state on contract regarding the interest, or should I assume Lexus Financial will give me the 15%?
No problem. Hope you get a great deal.
You don't receive any interest on the MSDs. MSDs lower your money factor, and thereby your monthly payments.
The return on your investment is not any interest you receive, but your decreased monthly payment.
Since people are naturally interested to know if this is a good use of their money, you can roughly convert the amount you save on monthly payments to interest you might receive if you had that money invested elsewhere.
By the way, since the amount of security deposit depends on your monthly payment, the MSD amounts will vary for different people. And, that will change what the 'rate of return' would be.
Thank you for the clarification. By me tying up about $4500 in MSD's, I lowered my monthly payments by $50 x 36months = $1800. Good return on invesment.
I live in South Orange County.
They are also saying I can not take my current lease and transfer to wholesaler without him first paying sales tax on it even though he has dealer license. Input would be appreciated on both issues.