Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
2013 and earlier Lexus RX 350 / RX 450h Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
although, now that i look at the way bottom, what is annual fee? that's a new one...??
i'm looking for basically the same car with 10k/yr for 36 mo. guessing based on your sales tax you might be in my area...!
MSRP $49045 ($48803 as outfitted on edmunds, plus $242 for their dealer 'accessory pkg'
Invoice $43613 on edmunds, $43855 if you add the $242 acc. pkg to the base (i gave them that benefit of the doubt just to be conservative with the invoice price)
Sale price $42,358, I added acq. fee into lease so adjusted cap cost $43,058
36 mo/10k, 58% residual 0.00145 MF = base monthly payment of $510/mo + CA tax = $557/mo. payment wtih tax included
Due at signing were $585 registration/title, $50 doc/tire fee and $557 first month's payment (so $1,192)
Everything was straightforward, dealer agreed over the phone to the #'s, including lease terms, no funny business on site (of course still tried to sell protectant, etc, but not pushy), and we were in and out of there in less than an hour.
I started the process with a consumer reports build/buy request but honestly all 3 dealers beat the CR price anyways, and this particular one by a significant amount plus had the color combo i was looking for.
What ended up happening is all the offerred cars had more equipment than i asked for the in CR build/buy (in this case about $2000 worth more) BUT they minimally added to the sale price (meaning they trimmed all the profit off those add-ons) and it made for a GREAT lease deal with the residual climbing and the capcost staying as low as possible (or course still higher, but not enough to increase the lease payment).
for example: on a deal i did NOT take, there was $2300 more equipment on the car and the price was only $700 more so the lease was cheaper than the CR quote
Thanks so much!
Thanks!
Got a question for you.
We have an 2009 RX where the lease ends on 4/1/11 so we’ve already made the last payment. I have also been in touch with a dealer and have a deal in place to lease a new RX, and since we have a lot of positive equity on the old RX we are using that towards the new lease. My question is, since the old RX is paid thru the end of the month, should I wait to get the new car? The old payment was $466 so essentially I’m giving up $233 since my new lease would start right away.
The numbers are:
$47,246 MSRP
$42,805 Purchase Price – $1000 Lexus Loyalty – $3800 for my trade-in
Cap Cost= $38,005
36mo/10,00 miles/.00145 MF/58% residual
Monthly=$389.35 + tax
Acq Fee, 1st month and DMV in drive off of around $1700
So I guess I have two questions.
1) Is this a good deal? It’s about 9.4% off MSRP and my trade-in is valued very close to KBB trade-in.
2) Would you do it now or wait to the end of the month so as not to lose the money I’ve already paid for the current lease? I mentioned this to the dealer after we came up with these numbers and his response was “maybe we should just wait until the end of the month”.
Thanks for the info. This site and forum have been great for information on this lease.
-MC_LA
If you have a great deal on the table.... better snap it up, and not worry about the $200 of lease time lost..
1) You could get in an accident... goodbye equity..
2) At the end of the month, when you have no other clear options, the deal could change on you...
As someone once said... you are stepping over dollars to pick up dimes..
regards,
kyfdx
Host - Prices Paid Forums
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of an '11 RX 350 AWD are exactly the same.
The money factors for 39 month leases are the same, but the residual values drop to 52%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Is $36,200 a good price for a buyout? Or should we wait and then decide at the end of the lease?
I am leasing newbie. Any info will be appreciated.
THANKS!
The numbers are:
$43,290 MSRP
$39,794 Negociated Cap cost
36mo/12,000 miles/0.00073MF/57% residual/9 MSD's
Monthly=$476.02 (including NJ tax)
Acq Fee, 1st month and DMV in drive off of around $1800 , ofcoz the 9 MSD's
Now Gurus of leasing, please tell me if this was a good deal?
Thanks in advance !!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Can you please tell me if mine was a good deal?
yes, I think they are right... I did 9 deposit on a 08 LS460 a couple years ago and each deposit I got 0.00008 reductions.. Infiniti is the only one that hs 0.0001 per deposit reduction.. BMW is 0.00007 per deposit...
Can any one please respond to my numbers on the lease, this was my first lease and I am concerned whether it not it was a good deal...
Thanks again
This is my first post so I am not a pro here, but I think you got a great deal. I also think that you know that already Even if it wasn't a good deal it's not like you can go back and change it. Enjoy your new car!
The best way to figure out if the lease is a good deal or not is to look at the component..
Do you get the best price for the car? don't look at what people in Ca pay for their car.. You need to look for what can you get in NJ.. If you already compare price at all the dealer,then you know you get the best price already.. If not, well, you have to make some educational guess.
Do you get the money factor that Car_man mention?
do the delear slip any unexplained charge into you lease?
If you get the correct money factor and there is no additiona chrge then you get yourself the best deal possible in NJ.. don't worry about what somebody else get in California or Florida unless you plan to fly out to pick up the car out of state...
it is very common when you ask a question like this in a msg board, someone would jump in and mentioned that they get a better deal in S. California or you should be able to get the price down another 2000 to 3000 dollars.. But what they ignore to say is that all car purchase are local.. The price for someone in Cal if not the same as the price that someone can get for the same car in NJ...
This is my first post here and I'd appreciate any feedback.
I'm going to pick up a 2011 RX 350 AWD Package E, fully loaded with Nav and 19" wheels. MSRP $48,693. The lease offer for 42 months, 10,000 miles, not including NYS taxes, bank fees, DMV fees and first month payment, is $527 a month with no money down(besides all fees and taxes upfront). Can I get a better deal? I left a deposit over the phone yesterday and I'm planning on heading over on Monday to process everything. Anybody knows if April money factor and residual are better than March? Thank you in advance for any feedback.
I am currently leasing an '08 GX470. I have another year on this lease but I was recently contacted by my Lexus dealer about bringing my truck in because these 'older models are in high demand'. They seemed very reassuring about getting me out of this lease early without penalty. I would be interested in leasing a 2011 RX350 but, I do not want to be responsible for the remaining payments on my current lease. Is this situation something that you have heard of or is the dealer just trying to scam me?
Also, do you happen to know the current (April) leasing program for the 2011 RX 350's (money factor/residual)?
Thanks so much! This forum has helped me for my last two leases!!
No, the dealer is not trying to scam you but they may want to do a highway robbery without the gun. With your lease with Lexus, every month there is a payoff amount. If you have access to the online account, it is in there. If not, you can call Lexus financial and they will give you that number. The pay off amount is the amount of money that Lexus will sell you the car at this particular month. Essentially the dealer is offering you to buy the car from you using that amount so they will pay off your lease and they will take your car and sell it thmeselves. It is legitimate. However, if the truck is as desirable as they claim, you can probably sell it yourselves to another dealer and pocket some money. If you have multiple dealer in your town (or near by towns), you can call them up and talk to the used car manager. Told him the offer you received (but no name.. all the dealer in an area know each other well. You don't want them to gang up on you) and ask them to bid on your truck.. We did that a few months ago and sold our LS460 to a dealer and we walked off without any additional money.. Wife called 7 dealers and 3 reponded.. The high and low offer was about 3,000 different. The key is to generate some competition (and always say no to the first offer) and you should get the best possible prie in your area. good luck..
sorry - haven't checked the forum in awhile. email me at rcirz2@irr.com and i can send you his info (want to follow forum rules and not disclose specific dealer names over the forum and i do NOT see him listed on the serramonte site so i can't just point you there...)
And Carman, can you tell me the current lease factor for April?
Thanks.
Thanks
I got a what I perceive as a fair offer in PA of $44,000.00 and I keep the $1000.00 Lexus loyalty money. That gives the dealer about $1400.00 profit. Yes, I could have shopped 10 dealers, wasted many hours of my time and probably saved a few hundred dollars. No negotiation was necessary with this offer. Truecar dealer cost is probably a few hundred higher, maybe $42,900.00 on your car. Since this is the dealer's actual cost I would be surprised if a dealer is willing to lose $900.00 to sell a vehicle. The dealer I last purchased my last RX 350 would not come below $46,500.00 for the vehicle I priced out so I feel that my agreed price is probably decent.
Good luck.
What was your experience? Are you local to SE PA/NJ?
John
The AutoLeaseGeek
Dealer profit is irrelevant as far as the customer is concerned. I suggest letting the dealer worry about whether or not they're making a profit. Consumers have no clue what a dealer's profit margin is on any given deal. I would comb truecar pricing as well as edmunds and amex (zag.com) to get a rough idea of pricing in your region. Start with invoice and deduct holdback, incentives, and, then, knock off another $1,000 or so for good measure. Some incentives are proprietary and are not published. So, yes, edmunds and truecar would have no knowledge of them.
Also, you may want to print out or download my sample lease proposal by clicking on HERE at...
https://autoleasegeek.com/services/custom-lease-proposal
Remember, you can always come up but never down when negotiating the sell price.
Hope this helps.
John
TheAutoLeaseGeek
They took my 08 GX470 lease back with 12 remaining lease payments (I was getting too close to being over on my miles). They bought the truck (and remaining payments) from the bank.
I got a 2011 RX350 AWD Fully loaded, NAV, Comfort, Premium pkgs, Park Assist...
MSRP $52560
neg price: $46403
48 month lease with 12k miles per year
Residual: 47%
Money Factor: 0.00155
Payment: $599 per month
Due @ signing: 1st month payment + DMV fee + plate fee
They basically just transferred me into a new truck with the same payment that I had with my GX with virtually no money out of pocket @ signing. I think I might have been able to get a better deal if I went to more dealerships and really haggled with the price of my GX, I just don't have that kind of time to invest in it.
Good luck everyone!
2011 RX 350 AWD, Premium, Nav, luxury.
12K per year, 42 months, 509.45 monthly.
I pay the tax, fees, and MV.
Decent Deal I thought.
RX 350 AWD
Premium Pkg
Comfort Pkg
Nav system
Preferred accessory pkg
Wood trim
Premium audio
Intiuitive parking
36 mo lease - actual cap cost to me = $44K
21K miles /year (salesmen job)
1st mo paymt/bank fee $750 and DMV fees $450
Was quoted $680.month with sales tax included - dealer in PA
I can only tell you what I got. I have no idea in PA where you are. I recently (2 weeks) got a similar car (without the intuitive assist), list price $48,385.00 for basically the same out of pocket on a 36 month lease (12k per year) for about $580.00 per month including tax. This was a cap cost of $44,000.00 plus I got $1000 Lexus loyalty money. I am not aware how much the cost of the extra miles and parking assist will add to the payment. I had a very pleasant experience with a young lady at Wilkie Lexus and would be pleased to give you her name if you contact me offlist.
Please understand that I did zero negotiation. I looked on these lists and gave the dealer a number that I thought was fair, knowing that I could have shopped ten dealers and gotten a lower number if I wanted to waste a lot of my time and endure hours of stress. They took my offer without a fight, added no junk fees, and the overall experience was painless.
thx again..
Premium Package
Nav System
Vent Seats
Cargo Mat
19' Wheels
Cargo Net
Wheel Locks
Wood & leather Wheel and Shift
Cross Bars
MSRP = $ 46,236
36 Mo 12K Lease
Drive Off was 1st Pmt and Calif License Fee ( $1,200 )
Pmt = $ 512 Plus tax Per Month
By far best deal I could find
I know over at Acura they dropped it from .00145 in April to .00130 for May .....and since Lexus was also .00145 in April, i am hoping they have changed it also...
Thanks
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum