Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to learn more!
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
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Am I correct in assuming that Lexus Financial keeps the same money factors for the entire month and so the ones you posted were for May? I remember that was how BMW did it.
Also you say the dealers can mark-up money factors but are they allowed to lower residual values as well or are those pretty much set in stone? Thanks again.
I have the deal at 46850 for price (50031 msrp) with NV, PT, HH, FT, WU, TO options. The residual they are offering on 36 is 53%, but on 48 mo its 42%. The best monthly after $7K down is 629 (48mo) and 633 (36 mo). Seems high (about 20-30 high).
Thanks in advance.
I apologize if I missed this information in an earlier posting.
Thank you in advance.
pwilkie
2009 RX350 FD reasonably loaded but no Nav, no ML
Selling price 38,574
36 months with 2000 down $610/mo, 48 months with 2000 down $579/mo all at 10 K
Seems as though there is a somewhat better deal out there...I want to be under $600 total/month and stay at 36, and certainly put less down if possible...many thanks
36 Month Lease with 12K miles per year
MSRP = $43,331
Invoice = $38,298
Sell Price = $38,910
Residual = 56%
MF = 0.0165 (previous Lexus leasee)
Monthly Payment = $511
Paid on Delivery: Sales Tax = $1639 (8.625%), Lease Fee =$600, First Month = $511, Procees/Inspection/Tire Fees = $68
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
we are in the process of getting a 36-mo. lease on RX350 w/ Premium Pkg, Heated Seats, Towing Pkg, Cargo Mat and Wheel locks (MSRP $41911). We just went to one place here north of Chicago and the dealer offered cap cost $39200 right off the bat. Residual: 56% and money factor of 0.0016
What is the reasonable counter-offer I can make? I believe invoice price comes out just slightly under $37k.
Also, are there any cash incentives for current Lexus owners ('05 ES330)?
Thanks.
1. The dealership offered me a base price of $41,280. Is this a good price? Kelly Blue Book Value for the car is around $37,500. Can I realistically expect something closer to that for a base price?
2. Their Residual Value is 49% and their Base Money Factor Rate is around .00190. Is this correct, or are they just blowing (lower emission) smoke?
3. I am strongly considering making one lump sum payment to cover the entire lease. Since they will be getting all of their money up front, will this lower the price of the lease by eliminating the interest?
Please advise. Thanks very much.
MSRP: $51875
My Price: $47863
Down: $1250
Factor: .21
Payment: $755.31 + $62.31 (tax) = $817.62 per month
36 mth lease
52% residual
I had another dealership offer $679 + tax for a nav car 12k 36 mth lease, but hasn't given me the final breakdown on due at signing, residual, and factor. Seems like in this instance I probably would have to put a hefty down payment, which wouldn't make a whole lot of sense. What are your thoughts?
My local dealer and I have agreed on the price: around $500 over invoice. I also used my $500 rebate check from Lexus to get the price down. Overall, a pleasant experience. Took about an hour to sign and drive off.
Residual: 56%
Money factor: 0.0016
Term: 36 months, 12k, no money down
Monthly: $577 (includes tax)
Cost out the door: $577+$600 acquisition
Lexus has increased the price of their vehicles by $300, so use that value in your calculations.
Also, if you are a previous Lexus customer, have them check if your name is on the list. You may get another $500 as Lexus customer. We were, so they deducted this amount from our out the door cost.
Can you please help me with the mf and residuals for an 09 RX 350 AWD with navigation in Northern California for a 4 yr lease? Thanks.
I have a quote from a dealership for the 2009 Lexus RX 350 - Pebble Beach Edition
The long and the short of it is...two options
$3,089 down with a payment of 498.00 per month (10K per year)
$3,146 down with a payment of $512.00 per month (12 K per year).
I really want 12K mileage, but like the $498 payment. They said these are my two choices and no other option. I know I probably won't go over the mileage but you never know what will happen in three years.
Any thoughts or comments would be appreciated.
The dealer will structure it any way you want, as long as they get the same amount of money.
If you are fixed on the $498/mo. payment.. just tell them that you want that payment for the 12K/yr lease... They'll just take $14 X the term of the lease and add it to your upfronts...
So.. another $500-$700 upfront, and you have your payment..
I like to go with zero down.... but, if you are already putting $3100 upfront, another $500 isn't going to make any difference.
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
I made a call into Acura and the finance manager made a simple statement that leasing a previous model year car would not be worth the savings because of the lower residual.
Is this accurate or a moot point if I can get into an 08 for ~$32K, almost $10K below a new 09.
Any and all info or experiences would be appreciated.
interested in a 3 year with 12K miles a year (wife actually only drives about 8K a year).
What would be the lower residual factor and would the money factor be different? I called the lexus 800 number and they said to call a dealer.
thanks,
chuck
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2009 RX350 ($39,100)
Premium Plus Package ($3,490)
Delivery Fee: $825
MSRP: 43,415
Sell Price: $40,015
Residual: 56% ($24,139)
MF: .0016
12K / 36 months
$0 money down
Payment: $587 (includes 9% PA tax). (@$539 without tax)
First months payment, lease fee / registration: $1370
What do you guys think? I ran the numbers and if I put $2500 down it would drop the payment to $513, I would rather not put that money down upfront.
Thanks,
Jack
Appreciate your help!
I think this deal is fair.
Suggestions?
Thanks!
Looks like a good deal. See my post I have a 2009 RX no nav. My payment is $592 but I had to roll some money from my trade into the deal. Original was $572 with 9% PA sales tax included. Your deal looks good to me, maybe you can cut down the upfront costs by a couple hundred.
I wish I could go back and work my deal a bit better. what are the specifics of the deal? MSRP / Sell Price / Residual Etc.
PP+/Navigation/Liquid Graphite/Heated seats/Rain sensor wipers/Towing
MSRP: $46,241
12,000 miles/36 months
$609/month, $0 up front
Based on 56% RF, 0.0015 MF
Includes all taxes, tags, and title fees.
BTW the quote that I got was his response on the quote request that I sent using Edmunds. I did not even try to negotiate.
Thats a good deal, especially since I dont have Nav and am paying 587.
MSRP: $43,331
premium plus package
no nav
Down: $0
M Factor: .00145
Payment: $500 including NJ 7% tax
36 mth lease 12k miles/yr
56% residual
inception fees + 1st mo approx 1500, paid at closing
Any thoughts?
msrp 43591
base+ PT HH FV TO C1 WL
includes 1k loyalty rebate
Edmunds has "invoice" 38535
MSRP $47,196
Gross Cap = $41,533 (12% off MSRP)
add $600 Acquisition Fee
less $2780 - my down
less $1000 - dealer incentive/rebate
Adjusted Cap = 38,352.96
56% Residual
36 Month Lease
.00145 Money Factor = 3.48%
12,000 miles/yr
plus I paid another $720 in title, tax on cap red, doc fee
$460.11/mo w/o tax
$495.77/mo with tax (7.75%)
Orange County, CA
(so $3500 out of pocket total not including 1st mo pmnt)
Couldn't have done it without reading all of your recent posts. Thanks!!
I picked up my 2009 RX 350 AWD PP+/Nav, etc. today,and I thought I was getting a great deal with $609/month, 0 money down with a 12,000 miles/36 month lease on a 46,241 MSRP vehicle.
Turns out the deal was even better! 15,000 miles/36 month lease for $600/month, 0 money down, 0.00145 MF, 56% RF!
MSRP: 46,241
Selling Price: $40,750 (less $1,000 incentive for returning customers)
Bank Fee: $600
MF. .00155 (or .00145 at best rate)
Residual of 54% (assuming 3 years 45K miles)
I saw something online suggesting the residual was 56%. Can somebody confirm?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
MSRP - $47,396
Sell price - $40,900
Lease 36 months 10K miles/yr Residual - 57%
Rolled in all inception fees (Lease fee, motor vehicle etc.) which was about $1100
Used multiple security deposit option (9 $500) to reduce money factor to .00073
Monthly payment - $500
Out of pocket is just first month of $500 and MSD (refundable)
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2009 RX350 in Breakwater Blue with beige interior with Nav, Buletooth, etc. MSRP $44,401
3 years, 36K miles
$0 driveoff (this includes taxes, title, registration, etc.)
Monthly payment: $499 including tax
* All I have is 35 payments of $499.
Any feedback? How did I do? I think the deals here in SoCal will just keep getting sweeter. I could have gotten $490 but I would have had to drive a little further. Enough already. I'm tired!
Could you please share the dealership information. I am very interested in making a similar deal tonight. Please send me an e-mail at - septcar@gmail.com
Thanks
Thanks.