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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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The report I received from InsideCarBuying showed I should be able to get this car for $438 per month with $2,261.00 due at signing. After receiving the report I contacted Inside Car Buying because I couldn't believe there was another $135 per month to be saved. Their report showed a selling price of almost $2,200 behind the dealers invoice in addition to the $1,500 lease cash and $500 loyalty. While speaking with them, they informed me I might have some equity in my current lease. They called Lexus with me on the phone and got a dealer buyout price. Sure enough they said I had about $1,900 in equity from my current car. So by selling the car back to a Lexus dealer rather than turning it in I would only have to come up with about $360 of the due at signing for the new car. Based upon the numbers from InsideCarBuying I would be $5,800 better than any deal I found on my own if I were able to get the deal on the report.
I visited 1 more dealer on Long Island on Friday and showed them the report. I told him if he couldn't match the numbers I was just going to hire Inside Car Buying to secure the car for me. They told me deals like that don't exist but after going back and forth for almost an hour I got them to come down to $445 per month with $400 out of my pocket. So I guess deals like this do exist! The $97 fee for the report was worth every cent as I saved over $5,500 from the lowest deal I was able to get on my own.
The advertising fee is probably a legitimate charge as well, but I'm just not as familiar with it. If you're able to get an RX 350 at invoice minus the $1,500 cash incentive on leases plus the $700 ad fee I'd say that you are getting a good deal.
Car_man
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My point was that during negotiations if you get really attractive selling price and the dealer is not marking up your vehicle's money factor you are getting a good deal on the vehicle that you want because dealers cannot bake any profit into the residual value.
Car_man
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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 vehicle that you are interested in I would be happy to work up a sample lease payment on it for you. You can find that information over in the New Vehicle Pricing section of this site.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Of course, here in Illinois, taxes on leased vehicle you pay in full on the vehicle selling price. That was about another $90 per month.
Please post the MF & RV for July - 27 month, 12K & 15K lease. The Golden Opportunity sale looks attractive.....
Thanks in advance for your time and invaluable advice.
First I would like to thank you for all your years of wonderful service in this forum!
You have saved me a fortune over the years!
Wondering what the latest numbers are for RX 350/450 in CO.
15K, 36 Mo.
Any specials or extra incentives available?
I just negotiated the following deal for a fully loaded RX350 AWD with nav and blind spot assist in the NYC area. Mind telling me if this is a good deal?
MSRP $49915
Cash price $44923.50 (10% off MSRP)
Trade in $9600
Driveoff $4200
Cap reduction $5400
Money factor 0.0007
Residual 62%
Term 30 months
Monthly payment $335
What else should I negotiate if this is not a good deal? Thanks a lot!!
Car man, can you tell me the buy rate money factor for the 2013 rx350 awd?
thx.
36 months/10k miles, 58% residual
msrp - 49,915
Cap Cost - $43,500 (this includes the $1500 lease cash and all processing fees)
acquisition fee - $700
disposition fee - $350
money factor - .00060 but i put down 7 security deposits ($3,500) to lower the money factor to .00004.
total payment before taxes only (but including approx. $350 of titling/registration costs) was $436.
how did i do?
Looking to lease a new RX 350 with MSRP of $50,160. I live in Virginia. I want a 27 month lease and 15k miles.
Dealer just quoted me selling price of 47800. He didn't mention the 1500 lease cash, but i presume he factored it into his "discount". Processing Fee is 399, taxes 1542, tags 119 for a net sales price of 49860. He then said there would be a down payment of 2699, but quoted 6468 due on delivery (but didn't itemize everything), with a monthly payment of 527 for 27 months and anLEV of 31,600. I think the first 527 would be picked up by Lexus.
I have never leased before and have a hunch I would be getting screwed. Can someone please tell me what would be a good deal? I don't really need the best deal in the world, just a pretty good one.
Thanks!
Best case - Selling price (in CT) should be around 45000 for that MSRP. So your lease payment will be around 565 (pre tax) per month. Upfront costs - bank fees/doc fees/reg. etc will be additional. This is without any down payment. If you putting down, divide that amount by 27 and deduct from 565. Also you may be better off with 36 months lease. Check the numbers out in VA.
Thank you for your help on this forum. The factory lease for 27 mo for 389/ month is not available in my Detroit area. And I'm only getting 1000 off MSRP around here.
If we pursue an RX LEASE in Westport, CT from out of state, (who I hear has great customer service and offers great pricing) and we are able to negotiate a low sale price as has been mentioned on the RX 350 pricing forum, how do we best determine the lease figures including the lease payment tax portion, and how much should I expect to pay for delivery to MI? If not delivery, I would fly one way there. On a factory lease, the sale price is negotiable, right?
Do I use CT area quoted residual value, lease length, money factor and state tax to come up with a monthly payment calculation?
In MI, the MF is currently .0004, lease length specials are on 36 month, not 27 and residual 58% for 10k miles on vehicles around 44k MSRP.
I would like to know how to approach the out of state dealership and then obtain the total out the door figures for everything including fees at lease signing and then shipping vehicle, if available. Don't think I can necessarily wait until the end of the month though. I already sold my used car...
I was wondering if you have the mf & residual on a Rx350 in SoCal. Thanks for all your help, I've been sifting through this thread for a while and it's full of great info. I appreciate all your help!
MSRP 47,799
27 months
12k, 65% residual
537/ month tax included
889 due at signing (includes 1st month)
How did he do? He negotiated by monthly payments...
lease with 0 down is $578/mth for 36 months with 12k miles/yr applying $2100 in rebates from Lexus.
Residual is 57% of 52275 and money factor is 2.4%.
Is this a good deal? Not that I'm complaining but I am not able to get these same numbers when using the lease calculators that are available online. Any comments would be greatly appreciated.
You were a big help when I leased my 2010 RX 350. It's time to turn it in on a 2013 RX 350. Can you give me an idea on what I can expect on a 36 month, 15,000 miles per year lease on a FWD model? MSRP, Residual Value and mf?
Thanks
Anyone out there have Iowa information? Money factors, residuals, etc.
whats the spread between the inv & msrp. what wud be the residual & mf.
what % of msrp ( or inv ) should be starting the negotiation at.
thanks in adv
NO email addresses in the forums, please.
Lease calculations are very simple. Also, there are a number of lease calculators and apps available for this very purpose. (Google is your friend) My 11-yr-old son created my first lease spreadsheet. If you have any familiarity with Excel, you can do it yourself in 5 minutes.
thanks!
kyfdx
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What are the latest MF/residuals for this SUV for RI? Thanks to anyone who can provide me more info !
I am in NJ, with 7% tax.
Thx
I want to lease a Rx350 AWD, MSRP 46805 without NAV for 36 months, 12000 mile per year. I am in NJ with tax 7%. They offer me a 0 down payment, 0 first month payment, $540per month after tax. But they didn't tell me the real sell price of this car, like the out door price, and the MF. But they told me the Residual value is 57%. This is the first time I lease a car. I also did ask whether the 0 down payment is equal to 0 due at sign. Do you think this is a good deal? Or still have a space to nego. I think they used the 1500 rebate from the Lexus. Right now there is a national event, 389 before tax for the same car, 3399 due at sign, 27 month, 10000 miles per year.
Anyone out there have mid-Atlantic (NY, NJ, DE, PA, MD, DC, VA) information?
How to figure a monthly with 0 down 3K down?
Money factors, residuals, etc.
Thanks
which is correct?
.00060 MF and 56% residual
$1750 lease cash
regards,
kyfdx
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What would the numbers be for a 48 month 12k/year lease for the same vechicle?
ALso, are there any downsides to leasing the vehicle for 48mo as opposed to a shorter term i.e. 36 month?
Drawbacks? A much higher possibility of having to pay for a set of tires before the end of the lease. Also, with a longer lease, a bigger chance that your driving circumstances could change over time, and the mileage allowance may no longer cover your needs.
regards,
kyfdx
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27 month lease and 15,000 miles per year - $550 per month.
It's $2,532 behind invoice.
I only wish I would have done it in August so they would have made the first month's payment too!
Thx.
.0010 MF and 67% residual
regards,
kyfdx
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do you have MF and residual #'s for RX 450h 2014 AWD
36 months 10k/yr? and the 27 month 10k/yr?
Also do you know what the MF buy down per a payment is (through MSD)?
TIA
.0010 MF and 69% residual
I'm sorry, but I don't have the 2013 numbers..
regards,
kyfdx
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.0010 MF and 60% residual 27 month residual is 68%
regards,
kyfdx
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.0010 MF and 61% residual
27 month residual is 69%
regards,
kyfdx
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.00100 MF and 67% residual
Add 2% for 12K/yr residual
Add 3% for 10K/yr residual
regards,
kyfdx
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator