2015 Lexus RX 350 Lease Questions

kapkanimd

Anyone have the current lease rates for the regular RX350 12k mi 36mo? Any rebates this month?

kyfdx

kapkanimd said:

Anyone have the current lease rates for the regular RX350 12k mi 36mo? Any rebates this month?

.00090 MF and 60% residual. $1500 lease cash

bhutanin1

Working deal now for a 2015 Lexus RX350 AWD Crafted Line in New Jersey.

MSRP 54,544
Sales Price 52,300 (includes 1,500 Lexus lease incentive)
MF .0009
Residual 61%
2,500 due at signing (First Month, Tax, Title, Doc Fee)
Payment looks to be 600 (tax paid upfront)
36 months / 10k miles

Waiting to hear back more on the fees, but feel 4% off MSRP on a outgoing model isn't significant for me to sign on the dotted line.

Considering a Q5 3.0T and BMW 335xi (wild card). I tried to run the numbers on a X5, Q7, ML and Lexus GS but nothing came in the $600 ballpark.

Michaell

bhutanin1 said:

Working deal now for a 2015 Lexus RX350 AWD Crafted Line in New Jersey.

MSRP 54,544
Sales Price 52,300 (includes 1,500 Lexus lease incentive)
MF .0009
Residual 61%
2,500 due at signing (First Month, Tax, Title, Doc Fee)
Payment looks to be 600 (tax paid upfront)
36 months / 10k miles

Waiting to hear back more on the fees, but feel 4% off MSRP on a outgoing model isn't significant for me to sign on the dotted line.

Considering a Q5 3.0T and BMW 335xi (wild card). I tried to run the numbers on a X5, Q7, ML and Lexus GS but nothing came in the $600 ballpark.

Actually, less than 4% if you back out the $1500 lease cash.

You might try a different Lexus dealer - only takes one to match the numbers you are looking for.

anh3

any numbers for FWD RX 350, 36/15k?

thanks

Michaell

anh3 said:

any numbers for FWD RX 350, 36/15k?

thanks

.00090 and 58%. $1500 lease cash.

doug94538

when is the new model out ?

justintime923

Looking for a little assistance...

I am looking to lease a 2015 Lexus ES 300 Crafted Line. Below are is the offer and terms I was given.

Lease Deal: $475.73 Per Month For 36 Months (Includes Tax) 15,000 Miles Per Year
Total Due @ Signing: Bank Fee $700 / Reg $304.50 / First Month $475.73 / Total $1,480.23

MSRP: $45,480.00
Sales Price: $43,150.00
Residual: 58% - $26,378.40
Money Factor: 0.00040

Please share your thoughts, any help would be very much appreciated. Thank You!

Michaell

justintime923 said:

Looking for a little assistance...

I am looking to lease a 2015 Lexus ES 300 Crafted Line. Below are is the offer and terms I was given.

Lease Deal: $475.73 Per Month For 36 Months (Includes Tax) 15,000 Miles Per Year
Total Due @ Signing: Bank Fee $700 / Reg $304.50 / First Month $475.73 / Total $1,480.23

MSRP: $45,480.00
Sales Price: $43,150.00
Residual: 58% - $26,378.40
Money Factor: 0.00040

Please share your thoughts, any help would be very much appreciated. Thank You!

I confirm the MF of .00040 and a 36/15 residual of 58% on the ES350 Crafted Line; however, when I plug your numbers into my spreadsheet, I get a pre-tax payment of $493.69.

There is also $1500 lease cash available this month; I think you can do better on the selling price, then back out the lease cash from it.

Where do you live and what is the tax rate?

Confirm with the dealer what the net cap cost is on this offer.

justintime923

Thank you for your reply... I live in New Jersey where the tax rate is 7%. If your getting a pre tax payment of $493.69, it looks like $475.73 is a good deal, correct? On the lease agreement they are showing a line item for a $1,500 rebate. Do you believe I can do better on this lease deal? Thank You!

Michaell

justintime923 said:

Thank you for your reply... I live in New Jersey where the tax rate is 7%. If your getting a pre tax payment of $493.69, it looks like $475.73 is a good deal, correct? On the lease agreement they are showing a line item for a $1,500 rebate. Do you believe I can do better on this lease deal? Thank You!

Yes, if your payment is lower than my calculation, then it looks like a good deal.

I don't track selling prices, so I can't tell you if you can do better.

doug94538

Please help me lease a RX 350 FWD with premium package

MSRP 46138
selling price 41138
bank fee 700
Term = 36 months
Residual = 60 %
MF = 0.0009
Miles/year = 12K
other fees =50 max 150$
Residual value 27863

DMV = 1.35 %
Taxes 9.75
final selling price = (41138 + 700 + 50 ) - 1500(lease cash) -- Is this the right calculation ?

I am getting 490 with taxes

drive off = 490 + 373 (9.75 %)

kyfdx

doug94538 said:

Please help me lease a RX 350 FWD with premium package

MSRP 46138
selling price 41138
bank fee 700
Term = 36 months
Residual = 60 %
MF = 0.0009
Miles/year = 12K
other fees =50 max 150$
Residual value 27863

DMV = 1.35 %
Taxes 9.75
final selling price = (41138 + 700 + 50 ) - 1500(lease cash) -- Is this the right calculation ?

I am getting 490 with taxes

drive off = 490 + 373 (9.75 %)

What number are you using for the CAP cost? If it's $40388, then I get $414/mo.+tax.

Is this a dealer quote? Did they quote a payment?

doug94538

Yes this is a dealer quote , I am getting same as you 414 + 41 (9.75 tax) = 451 ?.I am also looking to have at least 4 MSD's which will get me down to 425 out of the door

john2015lexus

Hi all. New to the Forum, Lexus, and Leasing. Thanks so much for the valuable info so far.

I am working with a dealership to get a lease on the 2015 RX 350 F SPORT AWD. Here are the figures:

MSRP = $52,804
Selling Price = $47,166
Terms = 36 months / 12,000 miles
Fees = $856 (asking for the breakdown; asking if this includes license plate fees)
Total Due at Signing = $2,350
Monthly Payment = $483.81 (including taxes)
Residual = Unknown (will ask)
MF = 0.0009

I realize this is a great deal. We were looking at several options re: total due at signing, mileage per year (10,000 and 12,000), and terms (24 / 27 / 36 months). Is there a sweet spot? Is it better to wait, given the 2016 model change? How should I proceed with negotiations? Should I have them cover plate fees if not included? What about MSDs (and are they worth it?)? Anything else I should be considering?

Thanks!

Michaell

john2015lexus said:

Hi all. New to the Forum, Lexus, and Leasing. Thanks so much for the valuable info so far.

I am working with a dealership to get a lease on the 2015 RX 350 F SPORT AWD. Here are the figures:

MSRP = $52,804
Selling Price = $47,166
Terms = 36 months / 12,000 miles
Fees = $856 (asking for the breakdown; asking if this includes license plate fees)
Total Due at Signing = $2,350
Monthly Payment = $483.81 (including taxes)
Residual = Unknown (will ask)
MF = 0.0009

I realize this is a great deal. We were looking at several options re: total due at signing, mileage per year (10,000 and 12,000), and terms (24 / 27 / 36 months). Is there a sweet spot? Is it better to wait, given the 2016 model change? How should I proceed with negotiations? Should I have them cover plate fees if not included? What about MSDs (and are they worth it?)? Anything else I should be considering?

Thanks!

60% and .00090 are the 36/12 lease numbers for the RX350 this month. $1500 lease cash. 69% for 24/12 and 67% for 27/12. Add 1% if you want 10,000 miles per year.

Using your MSRP and selling price, I get a payment (pre-tax) of $501.06/mo. Is the difference between the $856 of fees and the total due at signing of $2350 being used for cap cost reduction (down payment)?

At the moment, the $483.31 quote (with taxes) looks pretty strong.

john2015lexus

Thanks for the info! Very helpful. Completely missed the response in my inbox.

Final deal figures were: $2250 down (includes all fees) and $479/mo (with taxes) for 36 months. Thanks again.

Michaell

john2015lexus said:

Thanks for the info! Very helpful. Completely missed the response in my inbox.

Final deal figures were: $2250 down (includes all fees) and $479/mo (with taxes) for 36 months. Thanks again.

Congrats, and enjoy the new Lexus!

wgeronimo

I haggled pretty hard and think I did okay on the RX350 for my wife.

36 months / 12k miles per year
MSRP = $51k

AWD RX350
Nav Package
Comfort Package
Premium Package
Remote Start

Paid $2200 down and $440 / month at Prestige in Ramsey NJ. Waited til last day in May.

Michaell

wgeronimo said:

I haggled pretty hard and think I did okay on the RX350 for my wife.

36 months / 12k miles per year
MSRP = $51k

AWD RX350
Nav Package
Comfort Package
Premium Package
Remote Start

Paid $2200 down and $440 / month at Prestige in Ramsey NJ. Waited til last day in May.

Congratulations! Enjoy the new RX.

omahawk

What are the June lease rates for AWD RX350 12k/36mo and 12k/24mo? Thanks.

Michaell

omahawk said:

What are the June lease rates for AWD RX350 12k/36mo and 12k/24mo? Thanks.

69% or 60% and .00070. $1500 lease cash.

jaykang11

What is the June's money factor and residual for AWD RX350 15k/36mo ?

and also, how much percent of discount from MSRP should I target for? 10%? 15%?

kyfdx

jaykang11 said:

What is the June's money factor and residual for AWD RX350 15k/36mo ?

and also, how much percent of discount from MSRP should I target for? 10%? 15%?

.00070 MF and 58% residual. $1500 lease cash.

We don't really follow transaction pricing, but you can use the Make/Model/Year tabs at the top of the page to get the Edmunds TMV.

jjg5504

Can I have MF and residual for 2015 rx350 f sport AWD. 10K miles both 24/36 months?

kyfdx

jjg5504 said:

Can I have MF and residual for 2015 rx350 f sport AWD. 10K miles both 24/36 months?

70%/61% residual and .00070 MF. $1500 lease cash

rocbrady8

Hi everyone, first time leasing. I've been e-mailing internet sales and so far, received a price from one dealer:

MSRP $50270
Sale price $44770 after $1500 Lexus rebate

Dealer is giving me a discount of just under 8% of MSRP. True Car for my area (Boston, MA but this is a Rhode Island dealership) says a good price is 8.41% off MSRP, but after reading these posts, I see people are getting upwards of 13-14% off. Do I negotiate according to TrueCar results in my area or should I try for more?

Thanks in advance!

ry12

Hi, I received the following quote from a SoCal dealer for a RX350 2015-

MSRP: $46,138
Initial Cap Cost: $40,000
Total Add Cap Cost: $729
Cap Tax 9%: $55.77
Customer Cash Down: $3,000 (Told him MAX MSDs)
Cap Cost Reduction: $619.54
Adjusted Cap Cost: $40,109.46
Rebate: $1,500
Total Sales tax: $1,153
MF: .00006
Term: 36M & 10k
Residual @ 61%: $28,144.18
1st Payment: 7/18
Monthly Payment: $336.47 and $366.75 w/ tax.

This is with $0 drive off, but with no 1st month comp. I think I have a good deal, but I am trying to figure out how the salesman got to $40,109.46 (adjusted cap cost) and the monthly payment of 366.75. I get a number closer to $355 including tax. thanks!!

Michaell

ry12 said:

Hi, I received the following quote from a SoCal dealer for a RX350 2015-

MSRP: $46,138
Initial Cap Cost: $40,000
Total Add Cap Cost: $729
Cap Tax 9%: $55.77
Customer Cash Down: $3,000 (Told him MAX MSDs)
Cap Cost Reduction: $619.54
Adjusted Cap Cost: $40,109.46
Rebate: $1,500
Total Sales tax: $1,153
MF: .00006
Term: 36M & 10k
Residual @ 61%: $28,144.18
1st Payment: 7/18
Monthly Payment: $336.47 and $366.75 w/ tax.

This is with $0 drive off, but with no 1st month comp. I think I have a good deal, but I am trying to figure out how the salesman got to $40,109.46 (adjusted cap cost) and the monthly payment of 366.75. I get a number closer to $355 including tax. thanks!!

My numbers are within a couple of pennies to what's quoted. Ask the dealer how they went from a sell price of $40,000 to the adjusted cap cost of $40,109.46 - I'm sure there are some fees in there they haven't broken out.

Looks like a screaming deal to me for an SUV that stickers at $46K - the MSDs are absolutely helping your cause.

ry12

Michaell said:

ry12 said:

Hi, I received the following quote from a SoCal dealer for a RX350 2015-

MSRP: $46,138
Initial Cap Cost: $40,000
Total Add Cap Cost: $729
Cap Tax 9%: $55.77
Customer Cash Down: $3,000 (Told him MAX MSDs)
Cap Cost Reduction: $619.54
Adjusted Cap Cost: $40,109.46
Rebate: $1,500
Total Sales tax: $1,153
MF: .00006
Term: 36M & 10k
Residual @ 61%: $28,144.18
1st Payment: 7/18
Monthly Payment: $336.47 and $366.75 w/ tax.

This is with $0 drive off, but with no 1st month comp. I think I have a good deal, but I am trying to figure out how the salesman got to $40,109.46 (adjusted cap cost) and the monthly payment of 366.75. I get a number closer to $355 including tax. thanks!!

My numbers are within a couple of pennies to what's quoted. Ask the dealer how they went from a sell price of $40,000 to the adjusted cap cost of $40,109.46 - I'm sure there are some fees in there they haven't broken out.

Looks like a screaming deal to me for an SUV that stickers at $46K - the MSDs are absolutely helping your cause.

Awesome. Thank you.

labrynth79

Guidance would be helpful on a lease offer!

MSRP $51,614
Offer: $3000 off the car for price of $48,614 not including taxes + registration. (Post-tax + fees/licensing is $52,481.66).

24 month, 10K lease with a $1500 rebate: one-time payment of $14210, which averages out to ~ $592/mth.

MF: 0.00041
Residual: 70% ($36,129.80).

Vehicle includes:
All Weather Floor Mats w/ Cargo Mat
Comfort Package
DVD Premium Audio For Navigation
Wheels 19" Triple-Split 5-Spoke Alloy
Navigation Package
Intuitive Parking Assist
Towing Prep Package
Wood & Leather-Trimmed Steering Wheel & ShiftKnob
Preferred Accessory Package

Dealer just offered additional $500 off of the above, so the one-time lease payment would now be $13,667 (~$570/mth). Is it unreasonable to ask for remote start to be included in this offer?

jpandskim

Any advice would be much appreciated.

MSRP: $50,403
Negotiated price (after rebate): $42,671
MF: .00075
Residual: $33,265 (30 Months), $30,745 (36 Months)
0 Down
Monthly payment: $487.55 (30 Months), $491.30 (36 Months)

This seems like a screamin' deal. Any thoughts? How are the calculations looking?

kyfdx

jpandskim said:

Any advice would be much appreciated.

MSRP: $50,403
Negotiated price (after rebate): $42,671
MF: .00075
Residual: $33,265 (30 Months), $30,745 (36 Months)
0 Down
Monthly payment: $487.55 (30 Months), $491.30 (36 Months)

This seems like a screamin' deal. Any thoughts? How are the calculations looking?

I guess we need to know the CAP cost for your 0 down deal.

At that MSRP and negotiated price, I get $386/mo.+tax for the 36mo, 10K/yr term.

nyigor

I am currently leasing 2013 RX350. I have one more year. I want to take advantage of current model.
What are the MF and residual values? 24/36 months - 10k

Also is it better to wait for Lexus Golden Opportunity event?

kyfdx

nyigor said:

I am currently leasing 2013 RX350. I have one more year. I want to take advantage of current model.
What are the MF and residual values? 24/36 months - 10k

Also is it better to wait for Lexus Golden Opportunity event?

.00070 - .00090 MF, depending on region. 70%/61% residual. $1500 lease cash.

No crystal ball on future incentives

nyigor

kyfdx said:

nyigor said:

I am currently leasing 2013 RX350. I have one more year. I want to take advantage of current model.
What are the MF and residual values? 24/36 months - 10k

Also is it better to wait for Lexus Golden Opportunity event?

.00070 - .00090 MF, depending on region. 70%/61% residual. $1500 lease cash.

No crystal ball on future incentives

Sorry, I should have mentioned that I am in south florida.

What are the numbers for my region?

kyfdx

nyigor said:

kyfdx said:

nyigor said:

I am currently leasing 2013 RX350. I have one more year. I want to take advantage of current model.
What are the MF and residual values? 24/36 months - 10k

Also is it better to wait for Lexus Golden Opportunity event?

.00070 - .00090 MF, depending on region. 70%/61% residual. $1500 lease cash.

No crystal ball on future incentives

Sorry, I should have mentioned that I am in south florida.

What are the numbers for my region?

.00090 MF

mwdx1997

Hey, i am looking at potentially getting a 2015 RX450h in NJ - the dealer told me MF .00090 with 59% residual. I have a 2k incentive with 3500 down - i am coming to around $522/mo, the dealer is quoting $589/month. the MSRP is 57,989. Truecar says this car could sell for $55,002.

From what i have read the dealers don't wiggle too much on the 450H, is this a good price or should I haggle for lower?

thanks for any thoughts

Michaell

mwdx1997 said:

Hey, i am looking at potentially getting a 2015 RX450h in NJ - the dealer told me MF .00090 with 59% residual. I have a 2k incentive with 3500 down - i am coming to around $522/mo, the dealer is quoting $589/month. the MSRP is 57,989. Truecar says this car could sell for $55,002.

From what i have read the dealers don't wiggle too much on the 450H, is this a good price or should I haggle for lower?

thanks for any thoughts

What is the net cap cost?

We don't recommend putting money down on a lease - if the car is stolen or totaled, you lose that money.

jrod13

Just closed on my deal in nj...msrp 48,143...did 9 MSD only....all else rolled in for 36 months 10k per year...434 per month with all services included...selling price shows as about 43.6k but not sure if factoring in rebate...I am happy with the deal and the car is very nice.

Michaell

jrod13 said:

Just closed on my deal in nj...msrp 48,143...did 9 MSD only....all else rolled in for 36 months 10k per year...434 per month with all services included...selling price shows as about 43.6k but not sure if factoring in rebate...I am happy with the deal and the car is very nice.

Congrats! Enjoy your new Lexus.

theriviera

I'm looking at:
MSRP: $49,253
Negotiated Price: $43,925

Term: 24 months
Miles: 10K

I'm in Southern California. Can someone help me figure out what the lease would look like on this? I have the basics - but not sure what the drive off would be, assuming $0 down. I know it includes Registration, first month payment, but what else?

Thanks!

kyfdx

theriviera said:

I'm looking at:
MSRP: $49,253
Negotiated Price: $43,925

Term: 24 months
Miles: 10K

I'm in Southern California. Can someone help me figure out what the lease would look like on this? I have the basics - but not sure what the drive off would be, assuming $0 down. I know it includes Registration, first month payment, but what else?

Thanks!

.00090 MF and 70% residual. $1500 lease cash.

$464/mo.+tax (assuming the $1500 has been factored into your neg.price).

Due at signing: 1st payment, $700 acq.fee, $500 title/registration, $80 doc fee. (about $1800).
You could roll the acq.fee and the doc fee into the payment. That adds about $33/mo. to your pre-tax payment, but lowers your due at signing by about $750.

theriviera

kyfdx said:

I'm looking at: MSRP: $49,253 Negotiated Price: $43,925 Term: 24 months Miles: 10K I'm in Southern California. Can someone help me figure out what the lease would look like on this? I have the basics - but not sure what the drive off would be, assuming $0 down. I know it includes Registration, first month payment, but what else? Thanks!

.00090 MF and 70% residual. $1500 lease cash. $464/mo.+tax (assuming the $1500 has been factored into your neg.price). Due at signing: 1st payment, $700 acq.fee, $500 title/registration, $80 doc fee. (about $1800). You could roll the acq.fee and the doc fee into the payment. That adds about $33/mo. to your pre-tax payment, but lowers your due at signing by about $750.

This is super helpful, thank you!

bigblockc3

Looking for Residual & MF for a 2015 RX350 (AWD). 36 month & 48 month... 7,500 & 10,000 mile allowance. Also, need to see how they calculate tier (based on FICO scores) and how that effects the mf... We're in NJ... Thanks!

kyfdx

bigblockc3 said:

Looking for Residual & MF for a 2015 RX350 (AWD). 36 month & 48 month... 7,500 & 10,000 mile allowance. Also, need to see how they calculate tier (based on FICO scores) and how that effects the mf... We're in NJ... Thanks!

.00090 MF and 61% residual for 36mo, 10K/yr. 52% residual for 48mo, 10K/yr.

Add 1% for 7.5K/yr.

720+ score for top tier

bigblockc3

kyfdx said:

bigblockc3 said:

Looking for Residual & MF for a 2015 RX350 (AWD). 36 month & 48 month... 7,500 & 10,000 mile allowance. Also, need to see how they calculate tier (based on FICO scores) and how that effects the mf... We're in NJ... Thanks!

.00090 MF and 61% residual for 36mo, 10K/yr. 52% residual for 48mo, 10K/yr.

Add 1% for 7.5K/yr.

720+ score for top tier

Excellent! That's great info... How do they look at tier 2 & 3 (in terms of FICO scores)? ...and how does that effect the mf? I think my FICO is 690 to 705...

Michaell

bigblockc3 said:

kyfdx said:

bigblockc3 said:

Looking for Residual & MF for a 2015 RX350 (AWD). 36 month & 48 month... 7,500 & 10,000 mile allowance. Also, need to see how they calculate tier (based on FICO scores) and how that effects the mf... We're in NJ... Thanks!

.00090 MF and 61% residual for 36mo, 10K/yr. 52% residual for 48mo, 10K/yr.

Add 1% for 7.5K/yr.

720+ score for top tier

Excellent! That's great info... How do they look at tier 2 & 3 (in terms of FICO scores)? ...and how does that effect the mf? I think my FICO is 690 to 705...

.00100 for Tier 1

kyfdx

bigblockc3 said:

kyfdx said:

bigblockc3 said:

Looking for Residual & MF for a 2015 RX350 (AWD). 36 month & 48 month... 7,500 & 10,000 mile allowance. Also, need to see how they calculate tier (based on FICO scores) and how that effects the mf... We're in NJ... Thanks!

.00090 MF and 61% residual for 36mo, 10K/yr. 52% residual for 48mo, 10K/yr.

Add 1% for 7.5K/yr.

720+ score for top tier

Excellent! That's great info... How do they look at tier 2 & 3 (in terms of FICO scores)? ...and how does that effect the mf? I think my FICO is 690 to 705...

Top tier for Lexus is Tier 1+.

Next tier down is Tier 1, which is 690+ (.00100)

After that, money factors go up very quick.y.

nyigor

June 30th, got the deal, MSRP $47300
27 months for $439.98. I also returned 2013 RX350 that had 9 months left.
$0 money down, first month, tag transfer, and etc - $800 out the door.