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

1727375777891

Comments

  • Hey Car_man
    Can you tell me the buy rate for a 2012 RX 450 Hybrid AWD with 15K miles?

    Thanks!
  • Those were actually the numbers for the 2012 AWD. LFS' October buy rate lease money factor and residual value for a 36-month lease of a 2011 RX 350 FWD with 15,000 miles per year are .00190 and 51% for Tier 1+ customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'd be happy to chunkalunk. Lexus Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2012 RX 450 AWD with 15,000 miles per year are .00190 and 50%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • thanks car_man!
  • dbc12dbc12 Posts: 3
    Are these the same rates for a 2012 RX350 FWD 36 mon and 12K or is the residual different? Thanks
  • Hi,

    Just about to lease my first lexus, and curious if this is a good deal. Live in Midwest

    Getting 2012 RX350, no nav (MSRP $45,159).

    Didn't negotiate purchase price, instead monthly payment.

    Offer is $650/month with zero down (1st payment), includes taxes. I got a lot of other quotes, and everyone seemed to be in the high $600's or low $700's in central region.

    Let me know if this is a good deal
  • Negotiating based on monthly payment is not recomended. always start with the purchase price and then ask about the leasing conditions .... Money factor? residual value?
  • Based on the current money factor and residual what would be a good monthly lease be for an AWD RX350 without nav - 12k miles per year, no money down, and 36 month lease? Thank you in advance for the help.
  • No problem chunkalunk.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Dbc12, Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 RX 350 FWD with 12,000 miles per year are .00150 and 60%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Carman - based on the MF and residual given above how would I figure out the correct lease rate per month on a 2012 RX 350 without nav based on invoice pricing. Trying to learn how to figure this out on my own for future reference. Thank you in advance for the help.
  • bdinobdino Posts: 11
    CarMan- Do you know the current buy rate lease money factor and residual value for 2012 rx350 awd? Current specials in the area are $449/month, $3775 down, 10k miles for 36 months. Base model with convenience package. thanks.
  • bdinobdino Posts: 11
    Considering 2012 awd 350 lease with 12k miles/year. Car has premium, nav, comfort package, and park asst. msrp is $49k, and purchase price is $44500. With $0 down, monthly is $648/month. How does this sound? Does anyone know money factor and residual? Thanks.
  • Hi kendallcat. Let me know what this truck's MSRP and selling price are and I'll crunch some numbers for you. You can find this pricing data over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I certainly do bdino. Lexus Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2012 RX350 AWD without the entertainment system with 10,000 miles per year are .00150 and 61%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you for the offer. MSRP is around $45,228, and through my deal with USAA I am able to get the car for $42,072. Based on this information what would be a fair montly lease rate for 36 months with 12,000 miles per year? Thank you in advance for the help.
  • Car_man,

    I noticed in Southern California they have a different promotion - it looks like that makes it a RV of 55% not 61%. Is that a typo or a regional difference?

    2012RX350
    $439mo.36mos.
    $3,499due at signing.
    Excludes official fees, taxes and dealer charges. No security deposit required.
    *Available on approved credit to qualified customers through Lexus Financial Services and participating Lexus dealers on a new 2012 RX 350. Not all customers will qualify. Offer based on MSRP of $44,184 for RX 350, including delivery, processing and handling. 36 monthly payments total $15,819. Monthly payment may vary depending on final price of vehicle & your qualifications. At vehicle turn in a disposition fee will be charged. You pay maintenance, insurance, excess wear & tear & $0.25 per mile over 10,000 per year. Lease-end purchase option price $26,952 plus taxes & fees. See dealer for vehicle and lease program details. Must take delivery by 1/3/12. This offer is available in the Lexus Western Area.
  • Hello
    I live in metro Detroit area and look to purchase a RX350
    AWD, Nav, etc. I am looking to pay 44,500 for MSRP $49,500. My current dealer wants $47,000. I appreciate any referrals in the area.

    Many Thanks
    Michael
  • No problem kendallcat. According to my calculations, if you were to lease a 2012 Lexus RX 350 AWD that has an MSRP of $45,228 and a selling price of $42,072 through Lexus Financial Services for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $519.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi nykr95. This truck's residual values are national, so they don't vary by region. This truck's residual value is indeed 61%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gavrikgavrik Posts: 35
    Car_man,

    please confirm with me: current RX350 AWD /w premium pkg ($45308) lease offer is taken directly from Lexus website. In the Chicago area, the vehicle above has residual of 61%. Lexus says with $3500 down+1st payment, the monthly lease is $449.

    Based on my calculations, this translates to money factor of 0.000792 (1.91%). You mentioned current money factor is at 0.0015 (3.6%).

    What gives?

    I need your urgent reply as I am going to lease one tomorrow. Thanks.
  • Gavrik,

    You are assuming the selling price is the same as the MSRP - which it isn't and I believe the $700 lease acquisition fee may be in the $3949 due at signing - so it's less actually applied against capitalized cost. The .0015 MF seems to correct because it matches all the other regional ads.

    Steve
  • Hi CarMan - I see data on 10k and 15k, but not 12k. Can you provide the Money Factor and Residual % for 12k miles annually on a 36-month lease? Location is Los Angeles. Thanks!
  • gavrikgavrik Posts: 35
    I am not assuming anything. I took the numbers directly from the offer page.

    It says "selling price" of the vehicle of $45,308, "residual" of $27637.88 (61%), due at sign-in $3949, $449 1st month payment. So, this makes cash payment of $3500.

    This would be my 4th Lexus lease and never before I had to pay any lease acquisition fees. Based on the above number, financing rate comes to 1.9%. This is not a coincidence.

    I visited my closest Lexus dealer earlier today. They would not budge in on the selling price. He was telling me they must make $2500 in profit and not interested in moving inventory quickly.

    It's time to go visit other dealerships in the area.
  • I live in miami fl and puchased a new rx350 from n miami lexus. Iwas charged $50 for electronic processing e-tag plus $100 transfer fee plus $20 3rd party tag agency. I think this is excessive. Now the new title has arrived and they want another $65! comments please.
  • stimstim Posts: 34
    Currently working on a deal - actually have the car sitting in my garage - with a dealer in the St Louis area.

    Was "trading" a BMW X5 (2008) which is leased and ending in December. The deal is as follows:

    Stargazer Black with Black, Premium/Comfort and remote start total MSRP is 50250.

    Dealer price is 46500
    Equity in BMW Lease is 4100 less 1K for tires so 3100 applied as a down payment.
    Still have to pay final payment to BMW and in Missouri we have Personal Property Tax

    Total monthly payment including tax is around 595.00 but with the PPT and BMW payment it jumps to 635. Will be paying the BMW Payment and PPT on my own because you basically have to pay tax on the amounts and I would have paid those on my own anyway.

    They gave me a 60% residual (12000 per year) BUT the MF was quoted as .00225 (5.4%) which I though was VERY high considering my credit score is about 820. To me it seems that they are "bumping" the MF to make up for the BMW trade value. First months payment is waived via Lexus promotion.

    Can CarMan verify that the MF for November is indeed .00225? The other dealer in the area quoted something like .00180 a week ago. They only gave a 1000K allowance for the BMW though. Their monthly payment would have been about 585 including tax - BUT I'm not sure of the BMW final payment/PPT which I assume is not included. Their sales price was 46500.

    Would appreciate the info ASAP because I have a deal sitting on the table / car in the garage. Thanks.
  • Hi joshd1. Lexus financial Services' residual values for a lease with only 12,000 miles per year are 2% higher than its 15k and 1% lower than its 10k residuals.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • qwazrqwazr Posts: 11
    Car Man,
    Could you give me the November residual values and lease rates for a 2012 RX350 AWD 36 month lease with 15,000 miles?
    Thanks you
    Qwazr
  • gavrikgavrik Posts: 35
    Ok, I leased RX350 AWD w/ Premium and Acc Pkg 36mo 10k per year today. They had the vehicle in stock with color combination I wanted. The dealer started at MSRP but in the end would not budge in on the selling price of $42.5k ($3K off MSRP). They did give me more money on the trade-in ($3k more) than the dealer I talked to several days before. So, the trade-in was a wash but did help me offset the sales tax.

    $541 per month with 1st payment paid by Lexus. I paid upfront net sales tax, doc and transfer fees.
  • I purchased from lexus of north miami in florida. I paid $50 efiling fee for tag transfer, $100 fee to transfer tag plus $20 third party tag agency fee. Now the dealer received the new registration and wants another $60! I think this is excessive.

    Additionally i researched prices online and have printed proof of the actual fees, which are $15. Efile, $18 to transfer tag.... Any suggestions on how to handle this with the dealer?

    Thanks
This discussion has been closed.