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

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Comments

  • it is a good deal. please share the dealer name. thanks.
  • albert72albert72 Posts: 141
    edited February 2013
    tenor mike - here is the link - fine print says up to four lease payments see dealer for details. translation, get them in the door and negotiate face to face.

    i have not seen a lot of what i would consider good deals in the premium suv market but am guessing that if gas continues to go up that by late March the deals will start.

    http://www.lexusofroute10.com/ViewSpecials_D?section=section1&sectionValue=New%2- - 0Vehicle%20Specials
  • Thanks albert72. I checked the site and yes the 4 mos payment waiver is there in larger than fine print Then there is another page at the same dealer with similar offer on the RX350 as follows:
    Auto, V6, moonroof, leather, wood steering whl, cd changer. MSRP: $46,950. $2,650 down payment. $0 Security Deposit. Lease based on 27 mos with a $31,926 purchase option avail at lease end. $3,779 due at signing. Vin#DC092149. Plus tax & tags
    in this offer there is no mention of the 4 mos waiver and the RV appears to be 68%. What is confusing is the 2660 DP vs the 3779 due at signing plus fees... diff of 1119
  • Car Man .... can you give me the current RV/MF for 2013 RX350 AWD (MSRP 46950)

    27 mos/10k mi

    36 mos/10k mi
    Thanks
  • The wife and I just switched our 2010 RX 350 for the 2013 model. We use the "loyalty incentive" they were offering, where Lexus Financial Services will waive up to 4 months of payments of your lease towards a new Lexus vehicle.

    So, they waived our two remaining payments and we turned in our 2010 RX, and this is what we got:

    2013 RX 350, MSRP of $51,189 - includes premium, comfort and Nav packages, 19-inch rims, parking assist, cross bars. A few more bells and whistles than our 2010 RX.

    Lease terms: 36 months, 12,000 Miles/year

    Price: $45,808

    Rebate: $1000

    Money factor: 0.001 (equivalent to an interest rate of 2.4%)

    Residual: 59% of MSRP ($30,201.51)

    Down payment: $0

    Drive off: 1st month's payment

    Monthly payment: $565

    This deal was consummated at a dealer in the San Francisco Bay Area.

    Keep in mind that the money factor is not fixed! Just because they quoted you a number, does not mean that it's the lowest they can go. My first quote, the MF was 1% above what I ended up with. Always ask about their "buy rate", that should be the lowest they can go. Shoot for this number!

    Good Luck!
  • Franky... do you happen to know what the "Capitalized Cost" was in the monthly lease calculation ? I ran your numbers through 2 different calculation programs and both produced a montly lease of $509 using the selling price of 45808 ( assumed 1000 rebate was in the 45808) as well as other numbers you provided. Perhaps fees and taxes were added to the selling price giving a higher cap cost?
  • Hi CarMan. I am about to pull the trigger on leasing a 2013 RX 350 2WD with MSRP of approximately $46k. Dealer willing to price at $500 over invoice. Also, telling us the residual for 15k miles is 57% and .001 MF.

    Is MF below .001 possible with LFS? Also, with $1k incentive available for leasing with LFS, should I be able to get below invoice?
  • Hi tenor_mike,

    $45,808 was the gross cap cost. The adjusted cap cost came out to: $46,114.52. This includes license & reg fees as well as some filing & doc fees. When leasing, we're basically paying for the depreciation, which is based on your negotiation of the deal, plus the rent charge and tax. Depreciation for us came out to: $15,913.01 and rent charge came out to: $2,747.52. Add these two together, you'd get $18,660.53. Over 36 months, the monthly without tax came out to: $518.35. Tax in our area is 9%, so add $46.65 and you'd get $565. I think I got a good deal, but I'm sure if I played it a bit more, I could have gotten a better deal.

    All in all, we are very happy with our deal, especially considering we had a almost exactly the same, 2010 RX 350, and we paid about $10 more per month.

    I hope you and others here can use this to get a similar or better deal. I've received a lot of good information from forums like this over the years and want to contribute my experience back.
  • Hi car man and kyfdx, Can you please explain to me why everyone is so concerned with money factors, adjusted cost, depreciation, acquisitions and other fees when looking for the best price on a lease? I just leased a Lexus, and the only things that mattered to me were the lease price over 36 months and how much I had to pay out of pocket based on the sticker price. I wasn"t interested in buying the car at lease end. Much of this forum wasn't very helpful to me. What am I missing?
  • Here is the deal that i got from the one of the dealer. Please let me know what are your thoughts on it and give some tips where i can do any bargaining:

    MSRP: $50839.00

    Sale price: $48771

    Total Financed Aftermarkets ( these are the lojack and chip protection added to car) : $1551.00

    Rebates: $1000

    Down Payment: $10,000

    Upfront Charges: $940.11

    Total Cap Reduction: 9592.97

    Monthly payment: Base payment+tax = $425.24 + 41.67 = $466.91

    Lease Term = 36 months

    Money factor = 0.00150

    Annual Miles: 10000

    Please this is the first time i am going for a lease car and i need your inputs on thsi deal
  • gwarrenflgwarrenfl Posts: 71
    Hi Carman,
    Looks like the forum has come to a stop?
    Anyway can you tell me if the March Lease factors are the same as February for this vehicle.
    These have been the best combination I have seen in years.
    I was considering THE 27 MONTH with 10,000 miles a year.
    Factors were M.F. .00100 or with a 9x MSD .00028
    Residual 68%
    Cash Incentive $1,000
    So with a good selling price (probably $1,000 or more under invoice) the Lease comes in very favorable

    gwarrenfl
  • drpoyer1drpoyer1 Posts: 4
    I have gone through 3 dealers, after that we are talking some serious driving (which I am willing to do to save a couple grand) Below is the best that I can come up. Everyone is crying that there is only 6% off MSRP to play with in total (not including incentives, which there is only 1000 right now so I am told)

    >>> 1. 606.25 for 3y/12k
    >>> 2. MSRP 50419 Discount $48300 less rebate $47300
    >>> 3. MF=.00085
    >>> 4. Residual 29747
    >>> 5. 1450.00 at signing

    I have read of much better deals, as a 4.4% discount is 1/2 of what I am seeing on other vehicals (MDX, XC 90, etc... )

    I could extend my lease and wait for a better deal, it is not as if the inventory is tight. But the dealers are not moving.
  • johnt53johnt53 Posts: 3
    Please tell where you are searching, city, state!
  • drpoyer1drpoyer1 Posts: 4
    This is NEO, Cleveland, Akron Area...
  • insidecarbuyinsidecarbuy NYCPosts: 95
    All dealers lie... I have been in this business for over 15 years. The first 12 were spend making money on people and the last 3 saving people money. I'm much happier saving people money. Below is an invoice on a very similiar car with what the pricing should be for you... You should definitely be able to buy this car $1,000 behind invoice if not a bit more plus $1,000 rebate. BTW, 27 months is the way to go on this this car. Its only a $1 per month difference than 36 months and you won't have to replace brakes or tires. The quote was based on $1,250 behind invoice. Good Luck!


    Retail Dealer
    Vehicle Base Model ....................: $ 40710.00 $ 38063.00
    Total Accessories .....................: $ 7960.00 $ 7291.00

    # PERFORMANCE FEATURES
    * 3.5 Liter 270HP Four Cam 24-Valve V6 Engine
    with Variable Valve Timing (VVT-i)
    * 6-Sp Automatic Transmission w/"Snow Mode"
    * Full Time Active Torque Control All-Wheel Drive
    * Electric Power Rack-and-Pinion Steering
    * 4-Wheel Power Assisted Ventilated Front & Solid
    Rear Disc Brakes
    * 18" Aluminum Alloy Wheels
    # SAFETY FEATURES
    * Dual Advanced Front Airbags, Driver & Passenger
    Knee Airbag, Front & Rear Side Curtain Airbags
    Front & Rear Seat Mounted Side Airbags
    * Smart Stop Technology
    * 3-Point Safety Belts for All Seating Positions
    * Front & Rear Outboard Seat Belt Pretensioners w/
    Force Limiters, Fr Manual Height Adj. Anchors
    * Front Active Headrests
    * 4-Wheel Anti-Lock Braking System (ABS) with
    Electronic Brakeforce Distribution (EBD), Brake
    Assist (BA) / Vehicle Stability Control (VSC)
    * Energy Managing Crumple Zones, Side Door Beams
    * Vehicle Theft-Deterrent Sys w/Engine Immobilizer
    * Automatic On/Off Headlamps / Integrated Fog Lamps
    * LED Daytime Running Lamps (DRL)
    * Variable Intermittent Front Wipers
    * Safety Connect with: Automatic Collision
    Notification, Stolen Vehicle Location, Emergency
    Assist Button (SOS), and Enhanced Roadside
    Assistance (1-year trial subscription included)
    * Tire Pressure Monitoring System
    * Tool Kit and First Aid Kit
    # LUXURY AND CONVENIENCE FEATURES
    * Lexus Premium Audio System, Automatic Sound
    Levelizer (ASL), & In-Dash Single Feed 6-Disc
    CD Auto-Changer, In-Glass Antenna w/FM Diversity
    System, USB iPod/MP3 Control, Bluetooth
    Technology, SiriusXM Satelite Radio (90-day trial
    subscription included)
    * Auto Dual Zone Climate Control Sys w/Rear Vents
    * 10-Way Power Driver''s & Front Passenger''s Seats
    * Power Tilt-and-Telescopic Steering Column
    * Height Adjustable Headrests for All Seats
    * Reclining/Sliding 40/20/40 Split Rear Seat
    * 3-Spoke Steering Wheel with Audio Controls
    * Power Windows w/One-Touch Auto Open/Close Feature
    * Power Back Door / Cruise Control
    * Lexus Homelink Universal Transceiver
    * SmartAccess Passive Entry System
    * Rear Black Privacy Glass/Integrated Rear Spoiler
    * Genuine Wood Interior Trim
    * LCD Screen for Ventilation, Audio Settings
    * Multi-Information Display with Lexus Personalized
    Settings, Trip Computer & Outside Temp Display
    * Tonneau Cover
    * Carpeted Floor Mats
    Retail Dealer Total
    Vehicle Base Model ..........................:$ 40710.00 $ 38063.00 $ 40710.00
    Comfort Pkg: Xenon HID Headlamps, Rain-sensin 1340.00 1232.00
    Wipers, Driver/Passenger Heated & Ventilated
    12-spkr Premium Audio Pkg: Single DVD/CD Play
    HD Radio w/iTunes tagging & 12-spkr Audio Sys
    Navigation System w/Voice Command, Backup Cam 2775.00 2563.00
    Lexus Enform screen multimedia display .....
    & Lexus Enform with Destination Assist and .
    eDestination, App Suite, SiriusXM NavTraffic,
    NavWeather, Stocks Sports & Fuel prices (1-ye
    trial subscription included) ...............
    Intuitive Parking Assist ................... 500.00 460.00
    Premium Package w/Blind Spot Monitor System: 2760.00 2575.00
    Leather Trim Interior, Blind Spot Monitor Sys
    One-Touch Open/Close Moonroof, Power-folding
    Electrochromic Heated Outside Mirrors, Driver
    Seat/Steering/Mirror Memory-3 settings, Roof
    Wood & Leather Trimmed Steering Wheel & Shift 330.00 303.00
    Cargo Mat, Cargo Net, Wheel Locks & Key Glove 255.00 158.00
    --------- --------- ---------
    Total Accessories ...........................: $ 7960.00 $ 7291.00 $ 7960.00
    Destination Charge ..........................: $ 895.00 $ 895.00
    TDA .........................................: $ 712.00
    --------- ---------
    Total .......................................: $ 47297.00 $ 49915.00

    CUSTOMER DISCLOSURE

    Customer Name: Inside Car Buying, LLC
    Sale Vehicle: New 2013 LEXUS RX 350 AWD 9424 4dr Wgn w/AC , Automatic , Odom: 0


    Payment Details
    Term 27
    Base Payment 523.54
    Total Payment 523.54
    Purchase Option 33,443.05
    MSRP 49,915.00
    Est. Miles Per Year 12,000
    Excess Mileage Charge 0.25



    Amount Due at Signing

    1st Month Payment 523.54
    Acquisition Fee 700.00
    Upfront Taxes 119.00
    Total Inception Fees 1,342.54
    Rebate as Cap Reduction 1,000.00
    Total Drive Off 2,342.54

    Total Cash Required on Delivery 1,342.54


    Tax Information
    Customer State: Ohio Customer County: ADAMS
    Type Amount Rate Paid
    Cashdown Tax 119.00 7.0000 Upfront
    Upfront Tax 923.55 7.0000 Capped
  • drpoyer1drpoyer1 Posts: 4
    Thanks for the detailed reply... however I had a hard time following it. I summarize below and let me know if I got it right.

    Lease: 27m/27k miles
    MSRP: 49915.04
    Disco: 46047.00 (7.8% or 1250 below dealer invoice)
    Resid: 33,443.05 (66.9%)
    MF : .0085
    Miles : .025 over 27k

    at signing:
    2342.54 - 1000 (rebate) 1342.54

    for 523.54 a month.

    Let me know if I got it right and thanks again.

    Dave
  • jerrycanjerrycan Posts: 3
    FYI. I just picked-up a 2013 RX 350 with Blind-Spot (March 13, 2013) MSRP was $47345.
    33 months
    15k miles a year
    $510 a month
    $1600 out of pocket.
    After looking at residuals and money factors. I probably could have gotton it for aroun $480-490/
    However, the color scheme was hard to find in this area w/out the navigation package. Silver Lining and Tan interior.
    May thanks and appreciation goes out to those knowledgable people who helped me not get too screwed.
  • gwarrenflgwarrenfl Posts: 71
    Car_Man
    I see that someone on this post listed a MF of .00085, March was .00100. Can you tell me if this is now the tier one factor without any MSD's. If so then using the 9msd's would bring it down to .00013. or essentially no interest. Cost comes down to around $10 a month for the lease, so all you are really paying is the depreciation.

    gwarrenfl
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tenor_mike. Lexus Financial Services' current buy rate lease money factor and residual value for a 24-month lease of a 2013 RX 350 AWD with 10,000 miles per year are .00075 and 70% (wow that's a high resid) for consumers who qualify for its top aka "Tier 1+" credit tier.

    The numbers for an otherwise identical 36-month lease are .00075 and 60%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hey there...i'm about to lease a rx 350 (FWD) thats nicely equipped (MSRP: $49,174)...total DO is $500 and its $500/36...does this seem like a good deal? thanks!
  • gwalnutgwalnut Posts: 5
    if tax included, it is a great deal.
  • hey gwalnut, yes, tax is included in the monthly! thank you very much!
  • sonnierdsonnierd Posts: 2
    Specifically for a FWD, 10k miles. Thanks!
  • terpfan2terpfan2 Posts: 7
    Live in Maryland & looking into leasing a 2013 RX 350 AWD w/ Navigation. MSRP listed @ $49900. Tax in MD is 6%.

    Lexus seems to be offering $429 mo 27 mos with $3229 due at signing based on $46,800 MSRP and 10,000 miles/ year. So since the vehicle I'm looking at is @ $3000 more, what would constitute a good/fair deal for me. I've never leased a vehicle before.

    Thank you.

    Tom
  • drpoyer1drpoyer1 Posts: 4
    Well it took a lot more work this buy over last but here is the deal i think i will take It is 50 a month less than my current 2010 Rx lease. The dealer is just outside NYC and I live in ohio, but am going to the city anyway this week so it is not out of the way.

    MSRP: 50289
    Disco: 45350.19 (10%)
    Resid: (60%)
    MF : .0075
    at signing:
    2442.54 - 1000 (rebate)

    33 or 36 months 12,000 miles per year $524.55. 15,000 miles per year $544.24 per month.

    60-80 a month cheaper than my best local deal
  • Hi, I would like to know if this is a good deal : 2013 lexus rx 350 awd with naviation package totaling $49.419- terms : 36 months/ 12.000 miles per year/ $ 5000 total out of pocket/ $ 427 per month.
  • jersey52jersey52 Posts: 1
    Is this a good deal? MSRP $49,984. Loaded RX350 2100 due at signing and 27 mos 489/mo.
    I'm in no rush and am wondering do you think the deals will get better well into spring? Thanks for your help
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sonnierd. Lexus Financial Services' March buy rate lease money factor and residual value for a 36-month lease of a 2013 RX 350 FWD with 10,000 miles per year are .00075 and 60% for consumers who qualify for its Tier 1+ credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome Tom . Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    If you provide me with the MSRP and dealer invoice price of the exact model that you are interested in, I would be happy to use Lexus' current lease program to work up a payment on it for you. you can find the pricing data for the vehicle that you want, as you want it equipped, over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • sham01skisham01ski Posts: 11
    Carman what is the MF and residual for the special that lexus advertises for 27 months. I am interested in the 24 month if it is the numbers you posted above, but wanted to verify I am looking for a 2013 RX 350 AWD 24, 27, or 36 month lease and 10k miles. Thanks for the info in advance.
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