2014 Lexus RX 350 Lease Questions

Michaell

@janulbug said:
What was the May MF info?

Base MF for 2014 RX350 is .00075, for 2015 it is .00120. These expire today.

atos2012

Hi @Michaell, any update on new numbers for this month? i am interested in 36/12k 2014 RX350 base FWD.Thanks

kyfdx

@atos2012 said:
Hi Michaell, any update on new numbers for this month? i am interested in 36/12k 2014 RX350 base FWD.Thanks

.00075 MF and 60% residual. $1500 lease cash. Complimentary 1st payment.

I think those are the same as last month.

atos2012

ok thank you

okie33

2015 RX 350 36mo 15k? Does Lexus currently have incentives with the RX?

stever

About the incentives part of your question it looks like there's $500 bonus cash. You should check our Incentives page for your zip code though - I don't have that available for my UP of Michigan zip code.

kyfdx

@okie33 said:
2015 RX 350 36mo 15k? Does Lexus currently have incentives with the RX?

.00120 MF and $500 lease cash.

I only have the 24 month residual, which is 70% for 15K/yr.

tonym6

What is a good lease amount on 2014 RX with 53,500 MSRP in CA? I want 36 mo/12k miles. Tier 1 credit. I was offered 530 per month including 8% taxes. Would really appreciate answer.

tonym6

Forgot to say 0 drive off

kyfdx

@tonym6 said:
What is a good lease amount on 2014 RX with 53,500 MSRP in CA? I want 36 mo/12k miles. Tier 1 credit. I was offered 530 per month including 8% taxes. Would really appreciate answer.

If you have a proposed selling price, we can calculate the lease payment. But, we don't track actual lease payments.

bkmtx

What is the current MF and RV on the 2015 RX 350 FWD 12k and 10k, 36mth lease in Texas? How long should these numbers be valid? Thank you in advance!

kyfdx

@bkmtx said:
What is the current MF and RV on the 2015 RX 350 FWD 12k and 10k, 36mth lease in Texas? How long should these numbers be valid? Thank you in advance!

.00105 MF... We don't have all of the Lexus info for this month.. The 24 month residual is 71%/72% for 12K/10K mi/yr. No 36 month info, yet..

bkmtx

@kyfdx said:
.00105 MF... We don't have all of the Lexus info for this month.. The 24 month residual is 71%/72% for 12K/10K mi/yr. No 36 month info, yet..

Thank you for the quick response! If you can please let me know when you have this information available. Thanks again!

jessica2011

A Lexus dealer told me the following July residuals for the 2015 RX 350 at 12k miles. 30 mos/67%,, 33mos/65%,, 30 mos/62%. Money factor quoted at .00105. I think for 10k you just add 1% to the residuals. Oh yah, I am in New York, not Texas, so don't really know if that helps you. If anybody in the New York area has residuals and money factor please share so that I may be able to compare. Thank you.

Michaell

@jessica2011 said:
A Lexus dealer told me the following July residuals for the 2015 RX 350 at 12k miles. 30 mos/67%,, 33mos/65%,, 30 mos/62%. Money factor quoted at .00105. I think for 10k you just add 1% to the residuals. Oh yah, I am in New York, not Texas, so don't really know if that helps you. If anybody in the New York area has residuals and money factor please share so that I may be able to compare. Thank you.

.00105 MF.

30/12 - 66%

33/12 - 64%

36/12 - 61%

add 1% for 10k

dyna5

Can you provide residual and mf for 2015 AWD rx350, 27, 30,33,36 months at 7,500 miles. Thanks!

kyfdx

@dyna5 said:
Can you provide residual and mf for 2015 AWD rx350, 27, 30,33,36 months at 7,500 miles. Thanks!

2015 discussion is here:

http://forums.edmunds.com/discussion/17930/lexus/rx-350/2015-lexus-rx-350-lease-questions#latest

vishals

Hello - I am getting the following offer from a dealer on a 2014 RX 350 AWD, with premium package, blind spot monitor and comfort package.
MSRP : $51045
Sale price:42641
Residual 59% or 30117
MF: 0.00170
Sales tax rate: 6.25% in Texas
Initial down:$4k
Monthly payment :$475
36 months, 12k miles lease

Is this a good deal? Or should I renegotiate?
Thanks

Michaell

@vishals said:
Hello - I am getting the following offer from a dealer on a 2014 RX 350 AWD, with premium package, blind spot monitor and comfort package.
MSRP : $51045
Sale price:42641
Residual 59% or 30117
MF: 0.00170
Sales tax rate: 6.25% in Texas
Initial down:$4k
Monthly payment :$475
36 months, 12k miles lease

Is this a good deal? Or should I renegotiate?
Thanks

MF seems to be marked up, but I don't have the 2014 RX MF to compare it to.

Is the $4K being used to pay the tax obligation and other up front fees?

vishals

They haven't shared what the 4k will be applied to. I am assuming part of it's being applied to the sales tax and fees totaling 3k.

Michaell

@vishals said:
They haven't shared what the 4k will be applied to. I am assuming part of it's being applied to the sales tax and fees totaling 3k.

I would ask for a detailed breakdown of those up front costs.

vishals

The 4k will be applied towards capital cost reduction.

Michaell

@vishals said:
The 4k will be applied towards capital cost reduction.

That is something we advise against - if the car is stolen or totaled, you would be out the money.

Consider instead using that money to make multiple security deposits to lower the MF. The advantage is that the money is returned to you at the end of the lease.

vishals

Are security deposits acceptable in Texas? How much are they? And how much do they bring the MF down by?
Thank you so much for all your advise by the way

Michaell

@vishals said:
Are security deposits acceptable in Texas? How much are they? And how much do they bring the MF down by?
Thank you so much for all your advise by the way

Each security deposit reduces the MF by .0008, maximum of 9 allowed.

vishals

And how much is a security deposit amount usually? $500?

Michaell

@vishals said:
And how much is a security deposit amount usually? $500?

Each security deposit is the amount of the monthly payment, rounded up to the nearest $25 or $50.

vishals

Thanks to your recommendation I changed the $4k down towards 9 security deposits which brought my monthly payment down to $452 from $475 plus I will get the money back at lease end. Provided no damage to vehicle. Thanks again

steves_66

'15 RX350 AWD 10k/yr Lease offered in VA today:

MSRP: $50,499
Discount: -$4,000
Dealer rebate: -$1,000
Down payment: -$2,000
$499 processing
$700 other processing fee (BS fee)
$95 County tax
$1,863 VA tax
Cap Cost: $46,656
MF: .0009
27 mth, 69% RV = $511/mth
36 mth, 61% RV = $511/mth
48 mth, 52% RV = $491/ mth

Look right?
Look good?
If so, which one to I go for?

Thanks, you guys should charge a commission!

Steve

Michaell

steves_66 said:

'15 RX350 AWD 10k/yr Lease offered in VA today:

MSRP: $50,499
Discount: -$4,000
Dealer rebate: -$1,000
Down payment: -$2,000
$499 processing
$700 other processing fee (BS fee)
$95 County tax
$1,863 VA tax
Cap Cost: $46,656
MF: .0009
27 mth, 69% RV = $511/mth
36 mth, 61% RV = $511/mth
48 mth, 52% RV = $491/ mth

Look right?
Look good?
If so, which one to I go for?

Thanks, you guys should charge a commission!

Steve

$510.82/mo for 27mo

$510.04/mo for 36mo

$490.55/mo for 48mo

I would avoid the 48 month lease - will you still be in warranty?

The other two lease terms are a toss up - how soon do you want to be shopping again?

steves_66

This for the validation, Michaell...I'm thinking 36 mths would be smart, dealerships typically bargain in late November instead of February/March when a 27 mth would come due...

steves_66

Update after I worked with the dealer today, getting a better deal

'15 RX350 AWD 10k/yr Lease offered in VA today:

MSRP: $51,300 (added 19" wheels)
Discount: -$4,800 (increased $800 to cover wheels)
Manufacturer rebate: -$1,000
Down payment: -$2,000
$0 processing (removed this $499 fee)
$700 Bank fee (BS but they removed the $449 fee)
$95 County tax
$1,842 VA tax
Cap Cost: $46,136
MF: .0009
36 mth, 61% RV = $482/mth
Lexus pays 1st mth payment
Dealer pays 1st two services

Look right?

Thanks again!

Steve

kyfdx

Looks good. You can't get around the bank (acquisition) fee. Every bank has one.

steves_66

Michael and kyfdx,

I made the above deal today and feel I did very well. All this was made possible with the education you two provide on this forum. Thanks a bunch and if you ever need a ride in NoVA give me a call, I owe you!

Steve

wawa1

2015 RX350 AWD with NAV lease offer at Minnesota:
MSRP $51,604
Cap Cost $49,877
MF 0.0015
Residual 60%
$3400 at signing
$624 Doc fee
$760.75 ACQ
Monthly payment $646.65
TAX $1640.92

Looks like my deal was really bad, how do I make negotiation on this ? Whats the reasonable sell price to ask for ?

wawa1

36 months / 12k miles

Michaell

wawa1 said:

2015 RX350 AWD with NAV lease offer at Minnesota:
MSRP $51,604
Cap Cost $49,877
MF 0.0015
Residual 60%
$3400 at signing
$624 Doc fee
$760.75 ACQ
Monthly payment $646.65
TAX $1640.92
36 months / 12k miles

Looks like my deal was really bad, how do I make negotiation on this ? Whats the reasonable sell price to ask for ?

Base MF is .00090 this month - dealer may have marked it up for extra profit.

Read back a few pages in this discussion to see what others have paid for their RX.

What is the breakdown of the $3400 due at signing?

kattychi

Hi.

I went through to see if there was anything about leasing in Chicago - and couldn't find anything. I am looking to make a car purchase rather quickly and before I go into the dealership have a few questions.

Looking at 2015 AWD RX350
Lease term 36/mo either 7500 or 10k/yr

What is the residual and money factor currently?

Thanks

Michaell

kattychi said:

Hi.

I went through to see if there was anything about leasing in Chicago - and couldn't find anything. I am looking to make a car purchase rather quickly and before I go into the dealership have a few questions.

Looking at 2015 AWD RX350
Lease term 36/mo either 7500 or 10k/yr

What is the residual and money factor currently?

Thanks

36/10 - 61% and .00090 MF

Add 1% for 7500 miles per year.

bmorehunter

Morning everyone,

I am interested in going to my local MD Lexus dealership today for a Crafted Line RX350AWD and was hoping to find out the RV and F are for a 36 or 48 month lease with 15K per year. This forum has been a gem in deciing the best lease option available to me in MD. Now, I have bought a few Lexus vehicles at Hendrick Lexus in NC and when I go to their direct site the down payment required is LESS than here in MD but same terms apply for the rest. Any idea why this is so? I may be tempted to just fly to Hendrick and get the car like I have done before. Thanks to anyone who can help here.

Michaell

bmorehunter said:

Morning everyone,

I am interested in going to my local MD Lexus dealership today for a Crafted Line RX350AWD and was hoping to find out the RV and F are for a 36 or 48 month lease with 15K per year. This forum has been a gem in deciing the best lease option available to me in MD. Now, I have bought a few Lexus vehicles at Hendrick Lexus in NC and when I go to their direct site the down payment required is LESS than here in MD but same terms apply for the rest. Any idea why this is so? I may be tempted to just fly to Hendrick and get the car like I have done before. Thanks to anyone who can help here.

Could be local regulations between MD and NC, but not 100% certain.

We only have residuals for March at this time; we're hoping to get the updated MF information soon.

36/15 on the RX is 58%; 48/15 is 49%.

ljw3

Can anyone please help with money factor and residuals for RX450h model? Unable to find anywhere on the site. Looking to compare 36mo at both 12k and 15k/yr.

Much appreciated!

Michaell

ljw3 said:

Can anyone please help with money factor and residuals for RX450h model? Unable to find anywhere on the site. Looking to compare 36mo at both 12k and 15k/yr.

Much appreciated!

36/15 numbers are 56% and .00070. $1500 lease cash.

Add 2% for 12K

btiger14

Would you have the current residual rate for 12k per year for the RX350. I understand the money factor to be .00070. Thank you

btiger14

sorry -- residual for 12/36 for the RX350?

Michaell

btiger14 said:

Would you have the current residual rate for 36/12k per year for the RX350. I understand the money factor to be .00070. Thank you

60% and .00070. $1500 lease cash.

Claires

To discuss the latest lease details for the current model, please join us in the 2015 Lexus RX 350 Lease Questions forum.