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2014 Lexus RX 350 Lease Questions

steverstever Guest Posts: 52,454
edited May 2015 in Lexus
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Comments

  • AJ415AJ415 Member Posts: 17

    Anyone have the MF & Residual for a 2014 RX350 FWD 10K, 12K, and 15K miles for 24 months? Thanks in advance.

  • kyfdxkyfdx Moderator Posts: 235,188

    2014 RX350 FWD 24mo, 15K/yr lease

    69% residual

    Add 2% for 12K/yr, add 3% for 10K/yr

    kyfdx

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  • cartman13cartman13 Member Posts: 58
    edited December 2013

    @ibleedgarnet said:
    Cartmam, can you post the specifics of your deal? Thank you

    MSRP: 52,649 Cost after negotiation and rebate: 46,090 Was $47,055 w/o the rebates.

    $2260 out of pocket $411+tax monthly (27 month 10k lease) MF .001 residual .7 (exactly as kyfdx provided)

    I thought it was a pretty good deal, but given no one at the dealership was frowning when i drove it off the lot, i'm sure they made plenty. LOL I posted this info on the prices paid forum as well, but hopefully it helps you out here.

  • nykr95nykr95 Member Posts: 13

    Cartman13, what rebates did you use? The only one I'm aware of is $500 lease cash unless you are military or a college student?

  • pb007pb007 Member Posts: 16

    Kyfdx, can you please provide the December MF for top tier credit (800+) and residual for the RX 350 F Sport. 12k miles per year. 24 month and 36 month.

    Thanks...

  • kyfdxkyfdx Moderator Posts: 235,188

    2014 RX350 36mo, 12K/yr lease

    .0010 MF and 61% residual. 24 month residual is 71%

    kyfdx

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  • pb007pb007 Member Posts: 16

    Hi Everyone,

    Just inked this deal today in NJ:

    2014 Rx 350 F Sport.

    Navigation, Blind Spot Monitoring, Parking Assist, Preferred Accessory Package (Cargo Mat, Cargo Net, Wheel Locks, & Key Gloves)

    MSRP: $52,390

    Sale price: $47,100 - $50 (Free customized plates through DMV) = $47050.

    12k miles, .0010 MF, 69% Residual

    Upfront Costs: $329 Doc, $700 Bank Fee, DMV, 1st month

    $494.75 per month.

    They tried some shady shite but luckily this forum has taught me well. Originally tried to charge me $520 per month until I called them on their bluff. Thanks to kyfdx & all of you...

  • pb007pb007 Member Posts: 16

    Actually just ran the numbers again. Looks like I got a $46,375 Sale price on this. Plus a $50 bonus on the free customized plates (because of the frustration at the dealership, too much to describe here.)

    That is the only way I can see my monthly becoming $494.75.

    Seems like a great deal to me, would love to hear comments in case I made a mistake somewhere!

  • cartman13cartman13 Member Posts: 58
    null

    Your original sale price is Probably correct. Check. Your lease agreement the sale price is on there. What you are leaving out is the $500 lease cash and the 1st month payment rebate.
  • pb007pb007 Member Posts: 16

    Ok, so update. Picked up the car yesterday & got all the paperwork.

    Sale price on the contract is $47075.

    $1016.24 in rebates & incentives

    I still can't get the numbers to add up exactly, because at 47,075 payments should be $522.

    At 47075 - 1016.24, payments should be $484.

    I am paying $494.15 per month.

    Maybe the extra amount is the luxury tax in NJ? Thats basically an additional $200 or so.

    Any insights?

  • pukimon311pukimon311 Member Posts: 38

    I am planning to lease in late July (after I turned in my current leased vehicle to Mercedes) and do hope there'll be good incentives at that time. It will be my first leasing experience with Lexus... can't wait ;-)

  • texanfirsttexanfirst Member Posts: 0

    I would like to lease an RX350 -- new on both fronts, Leasing and RX. Appreciate any help.
    1. to be eligible to write off business expense do I need to buy on the company name or on my name ok?
    2. what's the best price deals in Houston area?

    Appreciate any comments. -- Thanks

  • wirelesscoolwirelesscool Member Posts: 1

    I did lease last day of december for 20014 MSRP $47,415 agreed value of the vehicle is $47,944 RX350 AWD, no navi, 33 months, 10,000 mile for $600. 65% Residual.
    Looks like $600 is too much for this vehicle. Is 65% correct residual value for this vehicle? If not, is there any way make correction now?

  • kyfdxkyfdx Moderator Posts: 235,188

    Just like buying a car, once the deal is done, it's done.

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  • gceomergceomer Member Posts: 1

    I just got a quote from a dealership in SoCal:

    * RX 350 FWD.  MSRP: $45,764, agreed value $40,277.90.
    
    * 27 mo. lease, 10k/year.  $429/mo with tax.  $1000 down.
    
    * Residual value 69%, purchase price $31,577.16
    

    Is this a good deal? I've read on here that the residual should be 70% for this model and mileage. First time leasing, so I'm not that familiar with this stuff.

  • macar1macar1 Member Posts: 3
    edited January 2014

    Looking for feedback on the lowest lease payment for a AWD with the lowest Nav package. The current Lexus RX350 lease deal is $399 for 27mos/10K based on MSRP of $46,915 with $3,999 down. Was wondering what the MF and Residual is with this offer and if there is a similar deal for a longer term and higher mileage (36mos/12K) and if there is generally still room for negotiation on the MSRP or is this a rock bottom deal for the lowest level option package?

  • kyfdxkyfdx Moderator Posts: 235,188

    They are using .00090 MF and 69% to calculate the 27mo, 10K/yr lease.

    Factory sponsored deals usually leave a little meat on the bone, but a lot of Lexus dealers aren't real receptive to bargain shoppers. It might take some work and competition. I don't have the 36 month numbers, but it should still be a comparable program.

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  • bkmstr1bkmstr1 Member Posts: 3

    Hoping someone can give me an idea of whether this is a reasonable deal. Trying to negotiate a lease from out of state for my mother. Supposed to sign this tomorrow. Would very much appreciate any insight.

    2014 RX 450h AWD

    24 months/25k miles/yr (standard lease was 15k), 66% residual (paying $4,000 for additional 20,000 miles, which reduces residual by $4,000)
    msrp – $58,809 (original MSRP was $57,665, but added $1,144 in after-market options)
    Residual - based upon $57,665 MSRP is $38,058.90 minus $4,000 for extra miles = $34,058.90

    -$2,100 dealer reduction

    • $500 lease cash
      +Acq fee - $700
      +Admin Doc fee - $649
      +Reg fee - +1,307.42 (road use tax, per state)
      +Lic, Ttle - $624

    A - Cap Cost - $57,588 (without fees noted above)
    B - Cap Cost - $59,489 (this includes fees noted above)
    C - Cap Cost - $56,209 (I believe this number includes A and B + 1 pay money factor of .0005)

    Lease factor if pymts - .00150
    Lease factor if 1 pay - .00050 (planning on this option)

    Trade allowance for 2012 RX 350 AWD with 48k miles - $29,250
    1 payment option (money factor .0005) - $26,402.86, less trade of $29,250
    Zero down option - $1,200 month (money factor .0015)

    Short form version:

    $57,665 msrp

    • $1,144 add ons
      = $58,809

    • $2,100 from dealer

    • $500 lease cash
    • $700 Acq fee
    • $649 Admin Doc
      = $57,558
      +$1,307.42 Reg fee
      +$624 Lic/Title
      = $59,209
  • bsmith14bsmith14 Member Posts: 11

    Looking to lease 2014 Lexus RX 350 AWD NAV PACKAGE MSRP $50,030

    The deal I got was:
    $1650 down
    $529/ month taxes included
    10K Miles
    27 Month term

    Out of pocket expense at end of lease is $15,933

    Does that seem like a good deal for the car?

  • Cold22snowmanCold22snowman Member Posts: 1

    I can't make anything out of what you state. Would you clarify your last statement-----out of pocket expense?????

  • bsmith14bsmith14 Member Posts: 11

    27*$529 + $1650 would be $15,933 is what I would pay at the end of the lease.

  • kyfdxkyfdx Moderator Posts: 235,188

    @bkmstr1 said:
    Hoping someone can give me an idea of whether this is a reasonable deal. Trying to negotiate a lease from out of state for my mother. Supposed to sign this tomorrow. Would very much appreciate any insight.

    2014 RX 450h AWD

    24 months/25k miles/yr (standard lease was 15k), 66% residual (paying $4,000 for additional 20,000 miles, which reduces residual by $4,000)
    msrp – $58,809 (original MSRP was $57,665, but added $1,144 in after-market options)
    Residual - based upon $57,665 MSRP is $38,058.90 minus $4,000 for extra miles = $34,058.90

    -$2,100 dealer reduction

    • $500 lease cash
      +Acq fee - $700
      +Admin Doc fee - $649
      +Reg fee - +1,307.42 (road use tax, per state)
      +Lic, Ttle - $624

    A - Cap Cost - $57,588 (without fees noted above)
    B - Cap Cost - $59,489 (this includes fees noted above)
    C - Cap Cost - $56,209 (I believe this number includes A and B + 1 pay money factor of .0005)

    Lease factor if pymts - .00150
    Lease factor if 1 pay - .00050 (planning on this option)

    Trade allowance for 2012 RX 350 AWD with 48k miles - $29,250
    1 payment option (money factor .0005) - $26,402.86, less trade of $29,250
    Zero down option - $1,200 month (money factor .0015)

    Short form version:

    $57,665 msrp

    • $1,144 add ons
      = $58,809

    • $2,100 from dealer

    • $500 lease cash
    • $700 Acq fee
    • $649 Admin Doc
      = $57,558
      +$1,307.42 Reg fee
      +$624 Lic/Title
      = $59,209

    Boy... that's kind of hard to follow. I'm not sure why the money factor for the One-Pay would affect the CAP cost, though.

    At an MSRP of $57,665 and a residual of 59% (to approximate your reduced residual) and a CAP cost of $59,209... .and the One-Pay money factor of .0005, I get a payment of $1096/mo. X 24 = $26,300 (or so). That puts me within $100 of your number, so that's pretty close.

    The only thing is? I show the base money factor for the RX 450h as .00090, not .00150. So, it looks like they are jacking up your money factor, before giving you the discount for One-Pay... A $2100 discount and a jacked up money factor doesn't sound like a great deal. If the discount for One-Pay is .00100, they could still take a slight mark-up to .00110 and your money factor would be .00010, which would lower the One-Pay amount by about $900.

    I don't really have a comment on your trade-in, that's a whole nother ball of wax.

    Geez.. $1000+ per month is a lot, even for all those miles.. Maybe your Mom needs to find a boyfriend closer to home? (just kidding.. but, $1000/mo. is a lot!!!)

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  • bkmstr1bkmstr1 Member Posts: 3

    Thank you kyfdx@Edmunds. So I assume you are saying the standard factor that Lexus uses on all of their leases is .00090. I think I will ask the dealership why they appear to be using a higher factor than the standard one. I agree, ridiculous amount to pay for a vehicle for 2 years, but cant talk her out of it.

  • kyfdxkyfdx Moderator Posts: 235,188

    That's not the standard money factor on all Lexus leases, just on the RX450h..

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  • smilenowsmilenow Member Posts: 2
    edited January 2014

    I've been reading various threads on this site and learned a lot about lease deals and cannot thank you enough for your help.
    Would you be kind enough to assess the following offer/deal?
    Trade-in =

    • 2008 Lexus Rx 350
    • Current mo. pmt = $625
    • Payoff = $23000
    • Kbb fair/good used car value as trade-in = about $17750
    • net trade-in value = -$5250
      New lease deal pending -

    • 2014 RX 350 with nav + premimum + blind spot

    • MSRP = $51500
    • bottom line deal with trade-in: $650 mo, 36-mo, 10K/yr, inception fee= $3000 for fees + taxes (7.5%, north NJ) + 1st pmt.

    I already made the $3000 pmt and picking up the car in a little bit, just wanted to make sure I didn't shoot myself in the leg. Even if I did, can I get the money back ? ( I asses basically the dealer absorbed the negative equity on the trade-in by giving me about $5000 d/c on the new lease.)

    Thank you so much!!!

  • kyfdxkyfdx Moderator Posts: 235,188

    That negative equity doesn't disappear. The $5K discount would be available, even if you weren't upside down on your trade.

    I can understand the desire to get into a new car that's under warranty (and, new!), for about the same payment as you have now.. But, you are paying that $5250 off, spread over the next 36 months.. Wondering how you got $5250 upside down to begin with? Serial car trader? lol

    One warning.. If you are taking the 10K/yr lease to keep the payment down, make sure you can live with that mileage restriction.... Or, in 3 years you could be paying a big bill for excess mileage charges.. and, you'll be back to where you started.

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  • skistud07skistud07 Member Posts: 8

    Can I please get the February numbers for a 2014 rx350 awd, 15k/yr, 27, 33, and 36 months. I'm getting high quotes from dealers that I'm just not willing to pay(upstate NY) Thanks in advance

  • kyfdxkyfdx Moderator Posts: 235,188

    @skistud07 said:
    Can I please get the February numbers for a 2014 rx350 awd, 15k/yr, 27, 33, and 36 months. I'm getting high quotes from dealers that I'm just not willing to pay(upstate NY) Thanks in advance

    .00090 MF and 66% for 27mo, 15K/yr lease

    I'm sorry, but I don't have the residuals for the other terms, though the money factor would be the same.

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  • skistud07skistud07 Member Posts: 8

    Thanks. The residual isn't that great this month. I have up to two months so I'm hoping it looks better next month.

  • porsche911c4sporsche911c4s Member Posts: 99

    Ski stud, what dealerships in upstate ny aren't giving you good numbers?

  • skistud07skistud07 Member Posts: 8

    New country lexus, two in NYC area. I started contacting dealers in New Jersey yesterday. Any recommendations would be appreciated if there are any for New Jersey, Syracuse, anywhere within a reasonable distance of Albany NY.

  • porsche911c4sporsche911c4s Member Posts: 99

    Hi ski stud, no recommendations yet. I have a deposit down on an ML but its pricey. I'm seeing the residual/MF for the lexus for 24 month/27 and it looks attractive. I'm in dutchess county. So new country was a no-go? I may look at mt kisco. My goal is to find one for 49775 and get it to 44 even using the lease incentive. Don't know how possible that is, but they'll get redesigned in march of 2015. Let me know how you make out and ill do the same. Thanks!

  • skistud07skistud07 Member Posts: 8

    Porsche, I actually decided to save a little money with this lease(two kids in daycare at the moment). I went with a grand Cherokee limited for the next three years. The lexus will have to wait until 2017.

  • npanitsas5npanitsas5 Member Posts: 3

    kyfdx: Could you please provide the money factor and residual for 2014 RX 350 AWD, 10k, 36 month lease? Thanks!

  • kyfdxkyfdx Moderator Posts: 235,188

    @npanitsas5 said:
    kyfdx: Could you please provide the money factor and residual for 2014 RX 350 AWD, 10k, 36 month lease? Thanks!

    I show .00090 for the money factor. I'm sorry, but I don't have the residuals for the 36 month program. The 27 mo., 10K/yr residual is 69%.

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  • porsche911c4sporsche911c4s Member Posts: 99

    @skistud. You're doing the right thing. Parent of a young child as well. The jeep has an extremely low MF. That would be a no brainer for me. We're opting for the ML since I'm able to use a fleet discount and over miles on my existing GLK and getting out of the lease early....and, gave my wife the final say as she would be the primary driver. Tried to push the GC limited!!

  • jacobichkajacobichka Member Posts: 11
    edited March 2014

    Hello. Could you please provide March the money factor and residual 2014 RX 350 AWD, and 2014 RX 350 Sport 10k, 27 month lease? Thanks!

  • kyfdxkyfdx Moderator Posts: 235,188

    @jacobichka said:
    Hello. Could you please provide March the money factor and residual 2014 RX 350 AWD, and 2014 RX 350 Sport 10k, 27 month lease? Thanks!

    .00075 MF and 64% residual

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  • jacobichkajacobichka Member Posts: 11

    @kyfdx@Edmunds said:
    .00075 MF and 64% residual

    Hello. Thank you for your response. Are those numbers for RX350 AWD or RX350 F sport?

  • kyfdxkyfdx Moderator Posts: 235,188

    Either..

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  • sand529sand529 Member Posts: 45

    Those number seem worse than last month but the deals being offered this month seem to be lower. If I apply those factors to my deal from last month it would be about $85 a month higher.

    @kyfdx@Edmunds said:
    .00075 MF and 64% residual

  • kyfdxkyfdx Moderator Posts: 235,188
    edited March 2014

    Lexus (and Toyota) run a lot of regional specials. No way to keep up with them all. I'm not surprised that you see better quotes..

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  • patch1980patch1980 Member Posts: 3

    Hello,
    Can I get March 2014 money factor and residual for 2014 RX 350 FWD? I am in Atlanta area if it means anything. Thank you for your help!

  • kyfdxkyfdx Moderator Posts: 235,188

    @patch1980 said:
    Hello,
    Can I get March 2014 money factor and residual for 2014 RX 350 FWD? I am in Atlanta area if it means anything. Thank you for your help!

    .00075 MF and 58% residual for 36mo, 15K/yr lease.

    In most areas, there is $1500 lease cash, and complimentary 1st payment waiver.

    Please keep in mind that Lexus runs a lot of regional programs. There may be better opportunities where you live, especially on shorter lease programs (24-27 months)

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  • toolate3toolate3 Member Posts: 1

    Hi Pb007
    I am brand new to this and would appreciate some guidance in negotiating my deal.
    You seem to know how to navigate around this. Can you give me some clues?

    I am interested in a 2014 Rx350- AWD- no navigation and all else that you wrote below.

    • How do I get started?
    • Thanks
    • Toolate3

    @pb007 said:
    Hi Everyone,

    Just inked this deal today in NJ:

    2014 Rx 350 F Sport.

    Navigation, Blind Spot Monitoring, Parking Assist, Preferred Accessory Package (Cargo Mat, Cargo Net, Wheel Locks, & Key Gloves)

    MSRP: $52,390

    Sale price: $47,100 - $50 (Free customized plates through DMV) = $47050.

    12k miles, .0010 MF, 69% Residual

    Upfront Costs: $329 Doc, $700 Bank Fee, DMV, 1st month

    $494.75 per month.

    They tried some shady shite but luckily this forum has taught me well. Originally tried to charge me $520 per month until I called them on their bluff. Thanks to kyfdx & all of you...

  • sand529sand529 Member Posts: 45

    OK the $1500 lease cash and lower MF is the difference between Feb & March, so even with the lower residual there are better deals this month.

    @kyfdx@Edmunds said:
    Lexus (and Toyota) run a lot of regional specials. No way to keep up with them all. I'm not surprised that you see better quotes..

  • ssidd08ssidd08 Member Posts: 3

    Could you please provide me MF and RV for 24 month and 27 month lease for Southern California. I'am looking to lease a RX350 that has a MSRP of $49,989. What would be the ideal negotiated selling price in this area? with $0 down and $0 drive off. Thanks.

  • gmanusmcgmanusmc Member Posts: 699

    @ssidd08 said:
    Could you please provide me MF and RV for 24 month and 27 month lease for Southern California. I'am looking to lease a RX350 that has a MSRP of $49,989. What would be the ideal negotiated selling price in this area? with $0 down and $0 drive off. Thanks.

    Check out the club Lexus forum - you should find some good pricing info there. You should be able to get a great deal in SoCal - lots of competition.

    Bill G

    2016 ES350 Lux/Atomic Silver
    2017 Accord Sport CVT Mod Steel Metallic
  • kyfdxkyfdx Moderator Posts: 235,188

    @ssidd08 said:
    Could you please provide me MF and RV for 24 month and 27 month lease for Southern California. I'am looking to lease a RX350 that has a MSRP of $49,989. What would be the ideal negotiated selling price in this area? with $0 down and $0 drive off. Thanks.

    SoCal has a special lease on the RX350 for 24 months, 10K/yr. .00075 MF and 71% residual

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  • ssidd08ssidd08 Member Posts: 3

    Hello all, I was offered this deal today by one of the dealerships here in Southern California.
    RX350
    MSRP: $49,979.00
    Sell Price $44,226.47
    $0 down, $0 drive off
    12k miles, 24 month term
    MF 0.00075
    Risidual: $34,985.30 (70%)
    Payment: $434+ tax ($468 Incl Tax)

    Is this a good deal?

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