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

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  • delnoledelnole Posts: 11
    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: 3,203
    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: 11
    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?
This discussion has been closed.