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2014 Lexus RX 350 Lease Questions

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  • MichaellMichaell Moderator Posts: 263,029

    @ruf123 said:
    Michaell@Edmunds What is the lowest price you've seen for this car? I'm not sure what package or packages this vehicle has and assuming it does not have Nav. Also, what's the MF for this car in NJ? The language above reads Price Includes: 1,500 lease cash, does this mean the price of 47,415 already includes the 1,500?

    I'm not in the market for an RX, so I can't comment on what prices are like. You may want to check the "RX350 Prices Paid" discussion and see if there are any recent posts there.

    MF is .00075.

    The selling price probably takes into consideration the $1500 lease cash. You should, however, negotiate your best deal before factoring that in - you want to get to the lowest selling price possible to minimize your lease payments.

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  • ruf123ruf123 Member Posts: 24

    Thanks, Michael

  • mikeco3mikeco3 Member Posts: 5

    Just wanna post that I Love this forum . and have used it as a guidance . Wife wanted a RX350 after a test drive, so i got to work .. here are the lease details

    The best deal i got was bay ridge lexus in brooklyn ( i live in NJ)

    Got the 2014 Lexus RX350 AWD Black on Black w/ comfort and premium package w BSM, Nav , park assist , wood trim , mats and cargonet .. MSRP was 50,255

    Did a 33 month lease . Wrote a check for 3060 ( included first month ) and pay 435 a month.
    10k a year mileage .. (so its 27500 total)

    Looks like there making room for the 2015's .. hope this helps anyone out there

  • ruf123ruf123 Member Posts: 24

    @mikeco3 What was the final sales price for the vehicle @ an MSRP of 50k? Also, what dealerships did you deal with in NJ? Thanks for your help.

  • mikeco3mikeco3 Member Posts: 5

    tthe ray catena of freehold and monmouth , and a lexus dealership in edison ..

  • mikeco3mikeco3 Member Posts: 5

    the gross cap cost was 46685 , got 1939 in rebates and credits to bring it to 44746 ..my option to purchase is 32163 at the end ....

  • ruf123ruf123 Member Posts: 24

    @mikeco3 Thanks for the information!

  • chinkapschinkaps Member Posts: 4

    Hello,

    I am looking at leasing 2015 Lexus RX 350 (AWD or F Sport) and wanted to get an idea for monthly payments. I appreciate any help provided?

  • MichaellMichaell Moderator Posts: 263,029

    @chinkaps said:
    Hello,

    I am looking at leasing 2015 Lexus RX 350 (AWD or F Sport) and wanted to get an idea for monthly payments. I appreciate any help provided?

    What is the MSRP and selling price of the vehicle you are looking at?

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  • daryll44daryll44 Member Posts: 307

    I am negotiating a deal on a 2014 RX350 AWD for the 27 month lease. I received quotes for 10,000 miles per year and 12,000. I got to wondering if I could get 13,500 miles or would I have to go to 15,000 miles. And how much more would these extra miles cost on a 27 month lease? I can find out at the dealer tomorrow, but perhaps someone here can give me an idea of what to expect.

  • kyfdxkyfdx Moderator Posts: 266,711

    @daryll44 said:
    I am negotiating a deal on a 2014 RX350 AWD for the 27 month lease. I received quotes for 10,000 miles per year and 12,000. I got to wondering if I could get 13,500 miles or would I have to go to 15,000 miles. And how much more would these extra miles cost on a 27 month lease? I can find out at the dealer tomorrow, but perhaps someone here can give me an idea of what to expect.

    There isn't a mileage allowance between 12K/yr and 15K/yr. On the typical RX350 it is about $1000 to move from 12K/yr to 15K/yr. If you think you'll only need 125 miles extra per month over 12K/yr, for 27 months, you'll come out ahead on the 3375 extra miles, as long as the cost per mile overage charge is $0.29/mi. or less... (taking the 12K/yr lease and paying the extra miles at lease end). I don't know the over mileage charge, but it should be easy to find out.

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  • chinkapschinkaps Member Posts: 4

    The below are the quotes I received from a dealer in NJ. Can someone let me know if they are competitive? If I went with the 2014 RX 350 lease promotion for 27 months, what would be a good lease offer for monthly payments?

    2014 Lexus RX350 W/Navigation - Total Due $48,725.49

    2015 Lexus RX350 With GPS Navigation - Total Due $50,991.90

    2014 Lexus RX350 WITHOUT GPS Navigation - Total Due $48,108.10

    Thanks

  • MichaellMichaell Moderator Posts: 263,029

    @chinkaps said:
    The below are the quotes I received from a dealer in NJ. Can someone let me know if they are competitive? If I went with the 2014 RX 350 lease promotion for 27 months, what would be a good lease offer for monthly payments?

    2014 Lexus RX350 W/Navigation - Total Due $48,725.49

    2015 Lexus RX350 With GPS Navigation - Total Due $50,991.90

    2014 Lexus RX350 WITHOUT GPS Navigation - Total Due $48,108.10

    Thanks

    We would need both the MSRP of each vehicle and the number of miles per year for the lease in order to evaluate your deals.

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  • chinkapschinkaps Member Posts: 4

    THE MSRP is as below:

    2014 Lexus RX350 W/Navigation
    -MSRP $50,030

    2015 Lexus RX350 With GPS Navigation
    -MSRP $50,254

    2014 Lexus RX350 WITHOUT GPS Navigation
    -MSRP $47,589.00

    I am looking at 10K and 12K lease for 27 to 36 months.

    Thanks!

  • MichaellMichaell Moderator Posts: 263,029

    @chinkaps said:
    THE MSRP is as below:

    2014 Lexus RX350 W/Navigation
    -MSRP $50,030

    2015 Lexus RX350 With GPS Navigation
    -MSRP $50,254

    2014 Lexus RX350 WITHOUT GPS Navigation
    -MSRP $47,589.00

    I am looking at 10K and 12K lease for 27 to 36 months.

    Thanks!

    We don't have any MY 2015 information for Lexus, so cannot comment on that deal.

    Plugging in the numbers you've provided, along with the MF and residual from LFS, I get the following pre-tax payments:

    RX350 with Nav: 27/10K - $588.54 27/12K - $606.69

    RX350 w/o Nav - 36/10K - $587.82 36/12K - $600.68

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  • ctdenverctdenver Member Posts: 1

    I am looking at a new 2014 RX350 without nav, and the dealership quoted me a lease of 27 months, 15K per year, and $3000 down. Lease payment with all included is $650 per month.
    Sounds to me like they are trying to take advantage of my 650 credit score

  • julio91julio91 Member Posts: 163
    edited April 2014

    @ctdenver‌

    Could be, i believe that is considered Tier 2 or 3 which is a marked up interest (Money Factor) Try Multiple security deposit (completely refundable at the end of the lease) could save you some money on those payments. Inbox me I have a good sales rep in Miami that could quote a good deal if you want.

  • MichaellMichaell Moderator Posts: 263,029

    @julio91 said:
    ctdenver‌

    Could be, i believe that is considered Tier 2 or 3 which is a marked up interest (Money Factor) Try Multiple security deposit (completely refundable at the end of the lease) could save you some money on those payments. Inbox me I have a good sales rep in Miami that could quote a good deal if you want.

    650 is Tier 3 for Lexus - MF is .00210 for the RX350.

    Julio - please, no solicitation in the forums.

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  • julio91julio91 Member Posts: 163

    @michaell‌

    my apologies, Just wanted to help out. Wont happen again

  • MichaellMichaell Moderator Posts: 263,029

    @ncpmh said:
    What is the money factor and residual for a 36 month, 15k lease on a RX350 FWD? And are there any current lease incentives? (Credit score in high 700s so would qualify for top tier credit)

    58% residual and .00075 MF

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  • steverstever Guest Posts: 52,454
    edited April 2014

    You can check Incentives here. Sometimes they vary by zip code so you should update that field with your own info. There's currently some bonus cash you may be eligible for.

  • MichaellMichaell Moderator Posts: 263,029

    @ncpmh said:
    This is great thanks guys. Also do you know if Lexus allows MSD's to buy down the rate and if so by how much?

    I'm pretty sure MSD's are allowed by Lexus but I don't have any specifics as to how much the MF is reduced by each MSD

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  • 732doug732doug Member Posts: 1

    What's the current MF and residual on 2014 RX350 AWD with 10k miles/year, 27 month and 36 month? I thought I saw an earlier post stating 27 month MF of .00075 and 70% residual. I was at a NJ dealer last evening (trying to work an end of month deal) and dealer quoted MF of .0015 and 69% residual. When I called him out on the discrepancies, he said he made a mistake, and admitted the MF should be .00075, but said the residual is still 69%. He also tried using some nonsensical math to eliminate the $1500 lease cash, so I really don't trust him. I plan on visiting another local dealer tomorrow, so I just want to confirm the correct MF and resid beforehand. Thanks in advance.

  • kyfdxkyfdx Moderator Posts: 266,711

    .00075 MF is correct. $1500 lease cash. 1st payment covered, up to $700.

    69% residual for 27mo, 10K/yr. 61% residual for 36mo, 10K/yr.

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  • dpc350dpc350 Member Posts: 11

    hello all...I'm turning in my leased 2011 rx350 and will be negotiating with dealers in SoCal on a 2014 RX350. Can someone tell me the current MF for Tier 1 (800+). Current RX in excellent condition. I'll probably lease 36mo, 12k mi/yr. Looking at Nav, premium pkg, comf pkg, MSRP $49989
    thx

  • ezericsezerics Member Posts: 49

    Can anyone please tell me the official LFS residual value and money factor for an RX 350 AWD with 12k mi per year and either a 36m or 48m term? Thank you.

  • MichaellMichaell Moderator Posts: 263,029

    @dpc350 said:
    hello all...I'm turning in my leased 2011 rx350 and will be negotiating with dealers in SoCal on a 2014 RX350. Can someone tell me the current MF for Tier 1 (800+). Current RX in excellent condition. I'll probably lease 36mo, 12k mi/yr. Looking at Nav, premium pkg, comf pkg, MSRP $49989
    thx

    We are still waiting for the May numbers to come in from Lexus. Sorry.

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  • MichaellMichaell Moderator Posts: 263,029

    @ezerics said:
    Can anyone please tell me the official LFS residual value and money factor for an RX 350 AWD with 12k mi per year and either a 36m or 48m term? Thank you.

    We are hoping to see the May numbers from Lexus soon.

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  • dpc350dpc350 Member Posts: 11

    I've received a quote from a SoCal dealership, seems like a good deal....2014 RX350, $1500 incentive, $49980 msrp, $45000 selling, 27-mo, 12k-mi, 0-down $490/mo incl tax...or $1000 dwn $530/mo incl tax
    Prem + Conf + F Sport pkgs
    Any comments??
    thanks

  • dpc350dpc350 Member Posts: 11

    @dpc350 said:
    I've received a quote from a SoCal dealership, seems like a good deal....2014 RX350, $1500 incentive, $49980 msrp, $45000 selling, 27-mo, 12k-mi, 0-down $490/mo incl tax...or $1000 dwn $530/mo incl tax
    Prem + Conf + F Sport pkgs
    Any comments??
    thanks

    had that reversed obviously...$0 dwn $530, $1000 dwn $490

  • ezericsezerics Member Posts: 49

    Will you have the May numbers soon? Also, there currently do not appear to be any incentives listed, is that accurate? Thanks.

  • kyfdxkyfdx Moderator Posts: 266,711

    2014 RX350

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

    Most areas of the country have $1500 lease cash, and complimentary 1st payment (up to $700).

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  • ezericsezerics Member Posts: 49
    edited May 2014

    @kyfdx@edmunds Thanks! Would you happen to know how the residual would change for a 12k per year lease? Also, are they doing 48 month leases and would you happen to have the residual & MF for that at 12k miles?

    Finally, would these figures be the same for a 2015 model? Many dealers I've contacted are telling me the 2014s in the configuration I want are all gone and trying to push me toward a 2015 (not sure I believe this, but I can't really say I wouldn't want a newer model year).

    Very much appreciated. Thanks again.

  • MichaellMichaell Moderator Posts: 263,029

    @ezerics said:
    kyfdx@edmunds Thanks! Would you happen to know how the residual would change for a 12k per year lease? Also, are they doing 48 month leases and would you happen to have the residual & MF for that at 12k miles?

    Add 2% to the residual for 12K. 50% residual for 48mo - MF stays the same.

    Finally, would these figures be the same for a 2015 model? Many dealers I've contacted are telling me the 2014s in the configuration I want are all gone and trying to push me toward a 2015 (not sure I believe this, but I can't really say I wouldn't want a newer model year).

    MF for 2015 RX350 is .00120; can't find any residual information.

    Very much appreciated. Thanks again.

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  • coolbizcoolbiz Member Posts: 19
    Just leased 2014 rx 350, with back up camera, front tints, 27 months, 10k miles per year.

    430 includes tax, only put first month down plus tag.
  • netguroonetguroo Member Posts: 1
    edited May 2014

    Looked like a decent deal when I did this. 2014 RX-350 with Premium package and blind side monitor, comfort package, luxury package, towing prep package in Northern VA leased 12k/36m/3years for 538 per month for 36 months - with first month paid and no money down. Also included is the Excessive Wear and Tear coverage, Trade-in at 1000. Cash and non-cash rebate totaled around 2548 (No breakdown provided) to wipe out the Rent Charge ( MF at .00075 with residual 58%)
    Negotiaed sale price at 45,800 ahead of the lease agreement,

  • Patelshivam94Patelshivam94 Member Posts: 73
    edited May 2014

    Can i get the residual and money factor please for 2014 RX450H 27 months and 36 months. 15k miles per year. Also any finance specials currently being offered.

    Thanks in advance.

  • MichaellMichaell Moderator Posts: 263,029
    edited May 2014

    @Patelshivam94 said:
    Can i get the residual and money factor please for 2014 RX450H 27 months and 36 months. 15k miles per year. Also any finance specials currently being offered.

    Thanks in advance.

    64% and 56%. .00075 MF. $1500 lease cash.

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  • gsinghingsinghin Member Posts: 3

    Hi everyone, I'm currently in the market for a 2015 RX350. I was quotes the following today, what do you think:

    2015 RX 350 AWD - fully loaded with NAV, MSRP:52,000, Final INCLUDING tax: $48,xxx (4.5% VA), Res: .61, 36 months lease term, Miles per year: 15k, Money Down: $1,000.00, Monthly payment: $610 a month.

    Is this a good deal? I see a lot of people post on this forum, but I'm not sure if people are including tax. Looking forward to everyone's input.

  • MichaellMichaell Moderator Posts: 263,029

    @gsinghin said:
    Hi everyone, I'm currently in the market for a 2015 RX350. I was quotes the following today, what do you think:

    2015 RX 350 AWD - fully loaded with NAV, MSRP:52,000, Final INCLUDING tax: $48,xxx (4.5% VA), Res: .61, 36 months lease term, Miles per year: 15k, Money Down: $1,000.00, Monthly payment: $610 a month.

    Is this a good deal? I see a lot of people post on this forum, but I'm not sure if people are including tax. Looking forward to everyone's input.

    If I use the $52K MSRP and a selling price of $48,500 with the 61% residual and a base MF of .00075, I get a pre-tax payment of $526.28 for a 36 month lease. 4% tax takes it to $547.33.

    I'd ask the dealer to break down their numbers to show you where they get $610/mo.

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  • gsinghingsinghin Member Posts: 3

    @Michaell said:
    I'd ask the dealer to break down their numbers to show you where they get $610/mo.

    Thank you! I think they are trying to get me with the MF - they only way I see the breakdown coming out to $610 is with a money factor of .00150. Is the MF negotiable? My credit score is in the 800s.

  • MichaellMichaell Moderator Posts: 263,029

    @gsinghin said:
    Thank you! I think they are trying to get me with the MF - they only way I see the breakdown coming out to $610 is with a money factor of .00150. Is the MF negotiable? My credit score is in the 800s.

    Yes, the MF is negotiable. You should be asking for the base rate.

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  • 612man612man Member Posts: 4

    Hi looking for guidance on a lease quote I got today for a 2015 AWD premium package with blind spot. 10,000 miles 36 months. MSRP $47559,sale price $45625, 63% residual, residual=$29962.17. Lease cash reward=$500, trade in=$3000, additional cash down=$1399, quoted MF .00170. Tax rate of 7.2750% Doc and acq=$1374. Quoted $499/month. When I pushed back on the MF, was told the lower rate only applied to 2014. Thoughts?

  • kyfdxkyfdx Moderator Posts: 266,711

    @612man said:
    Hi looking for guidance on a lease quote I got today for a 2015 AWD premium package with blind spot. 10,000 miles 36 months. MSRP $47559,sale price $45625, 63% residual, residual=$29962.17. Lease cash reward=$500, trade in=$3000, additional cash down=$1399, quoted MF .00170. Tax rate of 7.2750% Doc and acq=$1374. Quoted $499/month. When I pushed back on the MF, was told the lower rate only applied to 2014. Thoughts?

    I show .00120 MF on the 2015 model, but that might be regional. Don't have the residuals for the 2015, but dealers can't alter them, anyway. The acq.fee is $700, so that must be a pretty big doc fee..

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  • ma1n3ventma1n3vent Member Posts: 5

    I received the .0017 MF on my 2015 RX350 F Sport lease as well. I posted my lease details in the 2015 Lease board.

  • janulbugjanulbug Member Posts: 22

    What is the MF and RV on the 2014 RX 350 FWD 15k and 12k, 36mth lease in Los Angeles?

  • janulbugjanulbug Member Posts: 22

    Also, what is the MF and RV on the 2015 RX 350 FWD 15k and 12k, 36mth lease in Los Angeles?

  • MichaellMichaell Moderator Posts: 263,029

    @janulbug said:
    What is the MF and RV on the 2014 RX 350 FWD 15k and 12k, 36mth lease in Los Angeles?

    36/15 - 58%

    36/12 - 60%

    MF information expires today; we expect the June numbers as early as tomorrow.

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  • MichaellMichaell Moderator Posts: 263,029

    @janulbug said:
    Also, what is the MF and RV on the 2015 RX 350 FWD 15k and 12k, 36mth lease in Los Angeles?

    I don't have any information on the 2015's just yet.

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  • janulbugjanulbug Member Posts: 22

    What was the May MF info?

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