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2013 and earlier Lexus RX 350 / RX 450h Lease Questions
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Does anyone have experience leasing an RX350 in the Northeast? Most postings seem to be from CA. Anyone know what the deals are for the Dec-To-Remember in say NJ,NY,PA?
Thanks Much....... :confuse:
Res at 15k is 54%
money factor; .00133 - .00090(MSD) = .00043.
It was at Orlando, but I had to go thru hell to get this deal, had to speak to the GM as the sales managers don't know or don't encourage these deals. One sales manager told me that u can't do MSD's with Dec to Remember Deal. The reason I posted my deal on this forum is because the info I gathered from this forum was very beneficial.
Good luck.
What is the usual process for this? We tried asking at a lexus dealer and they don't do third party sales.
Thanks in advance
ed
2007 RX 400h AWD FT HH NV PT TO WU WL C1
18" Aluminum Alloy Wheels
Heated Front Seats
Nav System
Premium Plus Package
Towing Prep Package
Wood Steering Wheel
Wheel Locks
Cargo Mat
MSRP = $49,846
Dealer Invoice = $44,658
Purchase Price = $45,000
Money Factor = 0.00165
36 month 12k miles/year term
58% Residual of MSRP after 36 months
Monthly payment = $619/month (sales tax included)
Total out of pocket = $1,468 (broken down as follows)
$600 Bank Fee
$149 Documentation Fee
$100 New License Plate Fee
$619 First Month's Payment
So, what do you all think of this offer? Are there any items that I should question, for example, the $600 Bank Fee, or a lower Money Factor since I have a high FICO score?
Also, are there any other items I'm going to want in writing to ensure the best possible lease? Thanks in advance for everyone's help.
Ethan
2007 RX 400h AWD FT HH NV PT TO WU WL C1
18" Aluminum Alloy Wheels
Heated Front Seats
Nav System
Premium Plus Package
Towing Prep Package
Wood Steering Wheel
Wheel Locks
Cargo Mat
MSRP = $49,846
Dealer Invoice = $44,658
Purchase Price = $45,000
Money Factor = 0.00165
36 month 12k miles/year term
58% Residual of MSRP after 36 months
Monthly payment = $619/month (sales tax included)
Total out of pocket = $1,468 (broken down as follows)
$600 Bank Fee
$149 Documentation Fee
$100 New License Plate Fee
$619 First Month's Payment
So, what do you all think of this offer? Are there any items that I should question, for example, the $600 Bank Fee, or a lower Money Factor since I have a high FICO score?
Also, are there any other items I'm going to want in writing to ensure the best possible lease? Thanks in advance for everyone's help.
Ethan
Thanks!
RX350 AWD
Premium Package and Luxury Value edition (no NAV)
18" Aluminum Alloy Wheels
Heated Front Seats
Towing Prep Package
Wood Steering Wheel
Wheel Locks
Cargo Mat
MSRP: $43,300
cap cost: $38,800
36 month lease, 12,000 mi/year
$2,000 cap reduction/downpayment
57% residual
tier 1+ money factor of .000133
monthly payment of $422
This is good, right?
Don't have total OTD figure, but estimate of downpayment + taxes, reg, lease fee total about $5K
Your thoughts on this?
Maybe the lowest you can go right now is 0.00113, not the 0.00133 that we've been seeing. This is as of 12/06/06
Lexus Lease Rates & Residuals – Effective 12/6/06
These lease rates are for reference only and may vary by region. The dealer does not have to offer you these rates. It’s always best to compare other lease programs through other sources such as LeaseCompare.com.
2007 Lexus RX350 2WD 4dr Wagon / Compare Instant Lease Quotes / (12)
24 mo/15k mi – Residual Value 60% of MSRP – .00113 Base Money Factor Rate
36 mo/15k mi – Residual Value 54% of MSRP – .00113 Base Money Factor Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00113 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00255 Base Money Factor Rate
36 mo/12k mi – Residual Value 56% of MSRP – .00113 Base Money Factor Rate
48 mo/12k mi – Residual Value 47% of MSRP – .00113 Base Money Factor Rate
60 mo/12k mi – Residual Value 38% of MSRP – .00255 Base Money Factor Rate
2007 Lexus RX350 2WD 4dr Wagon w/ RSE / (12)
24 mo/15k mi – Residual Value 58% of MSRP – .00113 Base Money Factor Rate
36 mo/15k mi – Residual Value 52% of MSRP – .00113 Base Money Factor Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00113 Base Money Factor Rate
60 mo/15k mi – Residual Value 34% of MSRP – .00255 Base Money Factor Rate
36 mo/12k mi – Residual Value 54% of MSRP – .00113 Base Money Factor Rate
48 mo/12k mi – Residual Value 45% of MSRP – .00113 Base Money Factor Rate
60 mo/12k mi – Residual Value 36% of MSRP – .00255 Base Money Factor Rate
Thanks
2007 RX350
Premium plus package
Navigation system with blue tooth and rear back up camera
18" wheels and all season tires
Heated front seats and rain sensing wipers
some additional minor options
12,000 miles
36 months
0 down
MSRP is 44,306
Cap cost $39,863.00
monthly payment is $499 plus tax
Price: $37825
Residual: 56%
Money Factor: .001330
zero down.
Monthly payment including tax: $528
Can someone tell me what the current money factor should be, .00133 or .00113? :confuse:
Dealer (invoice) price $45794
MSRP $51346
Sale price $47794 (incl mark-up)
Leasing offer:
Lease special - Tier 1, Score 730+, zero security deposit
Total inception fee $1128.78
Original MSRP $51346.00
12000 miles per year
Residual value $29780.68 (58%)
Rate 0.001650
Selling price $47794.00
36 month lease
Lease payments (35 months) $699.32 (incl tax)
Car_man, does this look like a good deal?
Thanks!
Markus
FYI for the group, in NYC and suburbs, they DO seem to be selling like hotcakes, given the actual buyers I saw in showroom yesterday, not just looking but actually buying and taking delivery!
RX350 FWD
Level 1 pkg
MSRP $40,301.00
Selling Price $37,200.00
MF .00163
Down Payment $1998
Monthly Payment $513.08
Residual value 45% (48 months)
I'm trying to figure out if I want to lease the RX350 or the new ES350.
Car_man
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Now let's take a look at the lease that you were quoted. The selling price that you are being given on this truck looks very good to me. The only issue that I have with this deal is the money factor that is being used to calculate your truck's monthly payment. Lexus Financial Services' current buy rate lease money factor for the 2007 RX 350 is only .00133 for consumers who qualify for its Tier 1+ credit tier. If your credit is in good shape, make sure that this is the factor that is used to calculate your truck's monthly payment and you're in business. The $600 acquisition fee is a standard charge that LFS charges on every vehicle that it leases. Individual dealers are not allowed to waive this charge.
Car_man
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I was at Lexus Manhattan this past weekend and without much haggling they offered me $3600 off MSRP. I haven't played tough yet -- that was their softball offer -- so could probably get them lower. Though the showroom was bustling so they seem to have a lot of demand.
BUT...my question is, how did you get the NAV with Levinson?? My understanding (i have spoken to a number of dealers in NY and MA) is that Levinson is a special order item (3-4 months wait), it does not come with the 2007 NAV package. Did they have one someone had ordered and decided not to purchase??
If you don't take it, please let me know -- I will! If you like music, the Levinson sounds amazing vs. the standard sound system.
Car_man is saying it is 0.00133 for the RX not the 0.00113.
So if you got 0.00133 for Tier1+, it should be the lowest.
Good luck to everyone else, I love the car and the payments I got, $471 for 36months/18K. Look up the details in a previous post. This is a SoCal deal of course.
Alex
I know, the ML sound is awesome. I've been looking around and haven't found another dealer with the configuration I want. Some have been pushing different colors or for me to switch to FWD instead of AWD. Nah.
BTW, I am on the west coast. Just so that you know.
Alex
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As far as this truck's selling price goes, I am sure that you are already aware that the price you were quoted is $2,000 over invoice. Given the fact that you are in such a competitive automotive marketplace, Southern California, if I was quoted $2,000 over invoice on this truck I personally would be inclined to shop around some more. That's a lot of room to play with. There's a decent chance that you will be able to find a dealer that is willing to beat this deal by comparison shopping. Before you head out, make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "Lexus RX 330 / RX 350: Prices Paid & Buying Experience".
Car_man
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I am not personally all that familiar with what the market is like for this model in your neck of the woods, but I have seen community members report getting larger discounts than the one that you were quoted for this truck. If there is another Lexus dealer or two in your area, it wouldn't hurt to comparison shop a little bit to see if you can beat this deal. Just make sure to finalize your lease before the "December to Remember" program ends on January 2nd. It is difficult to say what Lexus' lease program will be like in January.
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Deal 1:
MSRP 44123
Selling price 37987
MF .00133
Residual 56%
Deal 2:
MSRP 44123
Selling price 37825
MF .00133
Residual 56%
Are these good deals for Southern California?
Thanks!
Hope this info helps. Good luck shopping.
I felt that it was a little high. Consumer reports suggest bottom line pricing at about 34k to 35k for a base model. I'm thinking that I should wait until the end of the month to see what kind of deal might be available here in the Atlanta area.