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

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited September 2010
    I sure do, vdub8. Here's the information that you're looking for.

    Lexus Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2010 RX350 FWD with 15,000 miles per year are .00175 and 55%, respectively.

    The numbers for an otherwise identical 48 month lease are .00175 and 46%.

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

    The numbers for the AWD model are exactly the same.

    I haven't seen anything on the '11 RX yet, but I'll ask around to see if anything is out.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jemejeme Posts: 4
    Car Man - thanks so much for all the info you provide on this fourm.

    I see the 2010 RX350 FWD with 15K is at .00175 and 55% residual, can you please tell me that same information for a 2010 RX450h?

    Thanks so much!!
  • Hi Car_man,

    First thanks for providing all this info.

    Could you give me the money factors and residuals on an AWD RX350 w/ 36mo/10K miles?

    Thanks.
  • I am currently leasing a 2008 RX350. The car is AWD with navigation system,bluetooth and backup camera. The lease is 39 months with 1000 miles/month. It's expiring in a few days. I'm considering buying it out ($24740) with extra 3-year warranty ($2000-$2850 from different dealers w/ or w/o certification). The Lexus Financial Service has told me the initial agreed-upon purchase price was $42100, which came to be $44206 w/ sales tax.

    The buyout price is pretty good If I compare it with dealer's 2008 comparable prices. But I've paid almost $25000 for the past 39 months ($627/mon, of which $493 goes toward paying down the purchase price and $134 is the rent charge). It doesn't seem to be so good if I look at the total price for the car. I could get about $6500 discount off a new 2010 RX. The good thing with 2008 is it has no problems so far. 2010 cars seem to have some issues (bumper popping off, navigation...) since it's a redesign. And I seem to get lemon cars quite often.

    Another question is: Should I buy the extended warranties? Based on my past unlucky car experiences, I always buy extra warranties. But my friends who own Japanese cars don't feel the need to. My current warranty will expire next July. One dealer told me it's extra 3 years after my current one expires. Another dealer told me it's extra 3 years from the buyout date, which means I only get extra 2 years and 3 months out of the warranty. Would someone know whose information is correct?

    I'd appreciate anyone's opinion. Thanks.
  • You're very welcome, jeme.

    Lexus Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2010 RX450h AWD without the entertainment system with 15,000 miles per year are .00210 and 56%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    When negotiating your lease on this truck, make sure to take advantage of the $2,000 dealer cash that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • You're very welcome, tkman00.

    Lexus Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 RX350 AWD with 10,000 miles per year are .00210 and 57%, respectively for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • westside4westside4 Posts: 4
    edited October 2010
    Hello Car Man,

    I'm going to lease a 2010 RX 450h for my wife. Got offers on the price $3000 below sticker (primarily due to $2000 incentive). However, now that I'm getting into the Lease details, I'm being told that the Residual value is lower on the 2010s (which makes sense) and the money factor is significantly higher (which doesn't make sense). I'm being told that I'm better off with a 2011. If the above re: both residual value and money factor is accurate, that may not be right, but at not that far off.

    Thoughts on the matter? (top tier credit, etc...) What the difference now in residual value and MF between the 2010 and 2011? Also, no reason I can't apply the $2000 incentive to either one?

    Thanks!
  • Thx car_man,

    Is it safe to assume that this is the case regardless of the options included?

    Thx.
  • maximafanmaximafan Posts: 592
    edited October 2010
    I was faced with these decisions when I was going to turn in my '07 RX350 at lease end. I was very fond of the '07, but I had found a 2010 RX(the only one on the lot with these options) that had the premium package, comfort package, but no navigation or back-up camera. My '07 was a non-navi vehicle with just the premium package. So with the 2010, the extra features that I got were adaptive forward lighting with the xenon lights, rain-sensing wipers(were standard on my '07 RX), hands-free bluetooth, heated and ventilated seats, and push-button start/smart access. I even considered maybe buying a used 2008 or 2009 RX350 with navigation that would have a lot of the features that I got on the 2010, but in my opinion, they're still priced a little too high, particularly for a certified pre-owned.

    My sister-in-law ended up buying my 2007 RX for the agreed-upon buyout. I think she got a great deal. And while I'm enjoying the tech features on the 2010 RX, I think I like the ride better on the '07 RX. The new one is a little more bouncy on the highway; at idle, it's louder than the '07 RX at idle, and not to mention I'm not getting as good of gas mileage compared to the '07. Also, I don't know if this bugs anybody else, but when I pull into a parking spot or pull into my driveway, if I don't fiddle around with rotating the steering wheel back to the upright position, it usually ends up in the upside down position. And this occurs even if you've turned the wheels only slightly. It drives me crazy! I don't know if this is because of the 19 inch wheels or because it has electronic power steering instead of whatever the '07 had(I think it was a speed sensitive-type power steering) I'm not a fan of the electronic power steering.

    Anyway, my sister-in-law is happy with the '07 RX. At least my 2010 is looking cool with the chrome wheels! :shades:

    By the way, my sister-in-law ended up purchasing a 2 year/100,000 mile warranty just for peace of mind. While she may never have a problem in those two years, if she does, the RX can be expensive to fix.
  • Hi westside4. I don't believe that Lexus is currently providing lease support on either the 2011 or 2010 RX 350. As a result, if one was to lease either they would have to use Lexus Financial Services' buy rate lease money factor of .00210 (Tier 1+ credit tier). In short, the residual values for the '11s will definitely be better, but their money factors should be the same.

    The $2,000 dealer cash is only available on leftover 2010 models, not 2011s.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • You're welcome, tkman00. The only option that has any impact upon this vehicle's residual values is the entertainment system, which knocks 2% off of its residual values.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I just got a lease quote for a 2010 RX400h of 585.91 for 36/15K with $4K down

    quoted MSRP of 50,485 sale price of 44,210 with 1,000 BMW coupon

    They claim this promo is over 11/1/10

    I've extended my lease on the X3 until 12/17 and want to know if the Lexus deals will get better after 11/1 or will this be their best deal.
  • Hi,

    I am Leasing lexus RX 350 AWD 2010 with premium, comfort and navigation package, demo vehicle used by dealer with 5300 miles on it, msrp 48500, 12000 miles/year x 3 years, offer is $ 610/month including 6 % sales tax, 1800 due at signing(including first month payment, Title, registration, and aquisition fees). Is this a good deal ? Please advise. Thanks
  • m3_fanm3_fan Posts: 4
    I just brought home a brand new Silver and black 2010 RX350 Loaded with the following options
    Premium Pkg, Comfort Pkg, Nav, Towing Prep, Parking Assist, Remote Start etc

    MSRP - 48586
    Sale price - 42586 - 6k off
    Additional $1000 Lexus Conquest discount for coming off a Cadillac lease in the last 90 days
    36 months 12k/year
    Residual - 56%
    MF - 0.0013

    $4500 refundable security deposit got another $35 off lease payment (not sure of the specifics)
    $1700 nonrefundable out of pocket - (1st month + lease acq of 800 + doc fee 190 +new plates)

    Final monthly payment $485 including 6% MI tax. I hope I did good.

    Thanks a lot to this forum.
  • which dealer did you get it from
  • Dear Hosts please advise,

    I am Leasing lexus RX 350 AWD 2010 with premium, comfort and navigation package, demo vehicle used by dealer with 5300 miles on it, msrp 48500, 12000 miles/year x 3 years, offer is $ 610/month including 6 % sales tax, 1800 due at signing(including first month payment, Title, registration, and aquisition fees). Is this a good deal ? Please advise. Thanks
  • m3_fanm3_fan Posts: 4
    My local dealer - Meade Lexus of Southfield, MI.
  • geojregeojre Posts: 12
    can someone provide the residuals for 10 and 12k on the 36 and 39 month leases? Also i saw carman posted the rates as being. 00021 is that correct? Thats almost nothing! Are you sure its not. 0021?
  • tlb5tlb5 Posts: 33
    any word on the 2011 rx350 AWD residuals, MFs, and potential incentives?

    i'm interested in 36 mo/12k but is there a time of year the #'s in general will be available?

    thank you!
  • We leased a 2010 450h about 2 months ago and absolutely love it! So now I want one for myself. Any word on AWD residuals, MFs, and potential incentives for 36/48 and 12/15k would be wonderful.

    Also, not directly related, but can anyone figure out or point to a site to figure out what hybrid colors are actually available? The Lexus site says not all 2011 colors are displayed and the dealer doesn't know anything different.
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