2015 Lexus RX 350 Lease Questions

Michaell

karven123 said:

Thank you for all your help. picked up a new 2015 RX 350 for 36 months @ 440 with 2800 cash down

Congrats! Enjoy the new Lexus!

leojames7

This forum is very informative.

I live in VA and looking to buy or lease a 2016 RX350. Haven't gone to dealers yet. Just reached couple of them. Mostly looking for some decent options without navigation package. I don't prefer the navigation built in. I will post more details after visiting the dealer. It could be either a lease or buy. BTW what you folks recommend to do. Lease or buy?

Michaell

leojames7 said:

This forum is very informative.

I live in VA and looking to buy or lease a 2016 RX350. Haven't gone to dealers yet. Just reached couple of them. Mostly looking for some decent options without navigation package. I don't prefer the navigation built in. I will post more details after visiting the dealer. It could be either a lease or buy. BTW what you folks recommend to do. Lease or buy?

It depends on how long you plan to keep the car and how many miles you drive.

leojames7

karven123 said:

Thank you for all your help. picked up a new 2015 RX 350 for 36 months @ 440 with 2800 cash down

Karven,

Could you please share the details about the RX you just lease. I might be aheading to the dealers next week.
I appreciate the help.

Looking for the options you got with that lease.

leojames7

Michaell said:

leojames7 said:

This forum is very informative.

I live in VA and looking to buy or lease a 2016 RX350. Haven't gone to dealers yet. Just reached couple of them. Mostly looking for some decent options without navigation package. I don't prefer the navigation built in. I will post more details after visiting the dealer. It could be either a lease or buy. BTW what you folks recommend to do. Lease or buy?

It depends on how long you plan to keep the car and how many miles you drive.

I work from home so my commute would be very less. Say less than 100 miles per week. I will not go more than 10K a year at all. Honestly I don't mind buying but this leasing option is really I would like to try out this time.

leojames7

Also I don't prefer to keep changing the car frequently. I drive 2003 accord now bought it new back then.

Michaell

leojames7 said:

Also I don't prefer to keep changing the car frequently. I drive 2003 accord now bought it new back then.

If your current driver is 13 years old, then leasing is not for you. Buy the RX and keep it for 10-15 years - that's only 150K miles and it will still retain quite a bit of value.

floridagator1

2015 Base RX350 residual and MF for 36-48months 12k-10k..please
@Michaell @kyfdx

Michaell

floridagator1 said:

2015 Base RX350 residual and MF for 36-48months 12k-10k..please
@Michaell @kyfdx

.00060 MF and $2000 lease cash

36/12 - 59%
48/12 - 50%

stanimal201

@Michaell local dealer in NJ has the december to remember special for 2015 RX 350 awd w/navigation for 2100 down and 399 month. 36mo/10k. the Offer based on MSRP of $46,265 including delivery, processing and handling. but makes no mention of how they come up with the down payment and final monthly amount. Can you back into their calculations? Also, do you know if that MSRP is still negotiable or they have now lowered it to make their 399 monthly price attainable? Also, is the lease cash i'm seeing in addition to a factory to dealer incentive that is out there?

thanks for the help!

Michaell

stanimal201 said:

@Michaell local dealer in NJ has the december to remember special for 2015 RX 350 awd w/navigation for 2100 down and 399 month. 36mo/10k. the Offer based on MSRP of $46,265 including delivery, processing and handling. but makes no mention of how they come up with the down payment and final monthly amount. Can you back into their calculations? Also, do you know if that MSRP is still negotiable or they have now lowered it to make their 399 monthly price attainable? Also, is the lease cash i'm seeing in addition to a factory to dealer incentive that is out there?

thanks for the help!

That sounds like a regional or national offer, which you should be able to beat with some shrewd negotiating.

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

I'm sure that offer includes some sort of discount from sticker.

Lease cash is a factory to dealer incentive.

stanimal201

Michaell said:

stanimal201 said:

@Michaell local dealer in NJ has the december to remember special for 2015 RX 350 awd w/navigation for 2100 down and 399 month. 36mo/10k. the Offer based on MSRP of $46,265 including delivery, processing and handling. but makes no mention of how they come up with the down payment and final monthly amount. Can you back into their calculations? Also, do you know if that MSRP is still negotiable or they have now lowered it to make their 399 monthly price attainable? Also, is the lease cash i'm seeing in addition to a factory to dealer incentive that is out there?

thanks for the help!

That sounds like a regional or national offer, which you should be able to beat with some shrewd negotiating.

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

I'm sure that offer includes some sort of discount from sticker.

Lease cash is a factory to dealer incentive.

thanks.

can you provide MF and RV for the 2015 for 36/10 and 36/12?

Michaell

stanimal201 said:

Michaell said:

stanimal201 said:

@Michaell local dealer in NJ has the december to remember special for 2015 RX 350 awd w/navigation for 2100 down and 399 month. 36mo/10k. the Offer based on MSRP of $46,265 including delivery, processing and handling. but makes no mention of how they come up with the down payment and final monthly amount. Can you back into their calculations? Also, do you know if that MSRP is still negotiable or they have now lowered it to make their 399 monthly price attainable? Also, is the lease cash i'm seeing in addition to a factory to dealer incentive that is out there?

thanks for the help!

That sounds like a regional or national offer, which you should be able to beat with some shrewd negotiating.

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

I'm sure that offer includes some sort of discount from sticker.

Lease cash is a factory to dealer incentive.

thanks.

can you provide MF and RV for the 2015 for 36/10 and 36/12?

.00060 and 59% (36/12) or 60% (36/10)

stanimal201

is free service and/or damage insurance things worth negotiating for? do they really add value to a lease? how many time does a car typically need in 36 month/30k miles? obviously i'll try to get whatever I can but just wondering if those are usually worth "fighting" for.

kyfdx

stanimal201 said:

@Michaell local dealer in NJ has the december to remember special for 2015 RX 350 awd w/navigation for 2100 down and 399 month. 36mo/10k. the Offer based on MSRP of $46,265 including delivery, processing and handling. but makes no mention of how they come up with the down payment and final monthly amount. Can you back into their calculations? Also, do you know if that MSRP is still negotiable or they have now lowered it to make their 399 monthly price attainable? Also, is the lease cash i'm seeing in addition to a factory to dealer incentive that is out there?

thanks for the help!

Don't have the exact numbers on that ad, but I do have a similar one.

$47285 MSRP
$2460 Dealer discount
$2000 lease cash
$2299 due at signing ($1599 down payment + $700 acq.fee)
Complimentary 1st payment
$399/mo.
.00060 MF
60% residual
36/10

Of course, you'll have taxes, registration and dealer fees on top of that.

robert_h2

Here is my deal I got today in NJ
Msrp 51,553
Selling price 46,514
Lease rebate 2,000
33 month 12 miles residual 62 pct money factor .0006
All fees paid upfront total of 1,822
Payment 449
Lexus pays 1st payment

Problem was my trade which I got low balled on, but I got a good enough deal on the new car I was okay with what I knew was a about 1,000 low on my trade.

stanimal201

robert_h2 said:

Here is my deal I got today in NJ
Msrp 51,553
Selling price 46,514
Lease rebate 2,000
33 month 12 miles residual 62 pct money factor .0006
All fees paid upfront total of 1,822
Payment 449
Lexus pays 1st payment

Problem was my trade which I got low balled on, but I got a good enough deal on the new car I was okay with what I knew was a about 1,000 low on my trade.

robert,

northern NJ? which package RX did you get?

leojames7

Michaell said:

leojames7 said:

Also I don't prefer to keep changing the car frequently. I drive 2003 accord now bought it new back then.

If your current driver is 13 years old, then leasing is not for you. Buy the RX and keep it for 10-15 years - that's only 150K miles and it will still retain quite a bit of value.

Thank-You Michaell.

stanimal201

@robert_h2 which edition and package of RX350 did you get?

azza1

Hi guys, wanted to run the number by you. I am looking to lease 2015 RX 350 for 36 months/12k in NY, where the tax is 8.875%.

Here is what I am getting

MSRP: 45805
INVOICE = FACTORY INVOICE - CASHBACK = 42865 - 2000 = 40865

MF: 0.0006
RESIDUAL = 59%
LEASE TERM = 36 months/12k
TOTAL ADDITIONAL FEES = 595 + 199 = $795 (delivery charge + documentation)

With condition that EVERYTHING is rolled into monthly payments (ie, zero down),
TOTAL MONTHLY = $497

Do you think this makes sense?
Am I leaving too much money on the table by allowing $795 in fees?

I plan to just send out my calculations by email to various dealers - just need one to agree

Thank you!

waynem3

Can I please get the Residuals and MFs for the 2016 RX350 AWD (24/10, 36/10 & 36/12 ) in Illinois?
Thanks!

robert_h2

stanimal201 said:

robert_h2 said:

Here is my deal I got today in NJ
Msrp 51,553
Selling price 46,514
Lease rebate 2,000
33 month 12 miles residual 62 pct money factor .0006
All fees paid upfront total of 1,822
Payment 449
Lexus pays 1st payment

Problem was my trade which I got low balled on, but I got a good enough deal on the new car I was okay with what I knew was a about 1,000 low on my trade.

robert,

northern NJ? which package RX did you get?

Update: I didnt go through with the above deal (Not like the trade in value) but I pulled the trigger at a different dealer and the car is on my driveway now
Comfort Package, Premium Package, Intuitive Parking Assist, Navigation Package, Wood Leather Steering WheelPaint Protective Film, Cargo mat, Cargo Net, Wheel locks & Key Glove
MSRP: 51,612
Selling Price: 46,654
Cap Cost Reduction 2,435 (Lease Rebate and Lexus paid 1st month pmt)
Net Cap Cost 44,833
Paid 2,000 at signing out of trade equity to cover all fees

33 month term with 12,000 miles/year
Residual 32,000
Monthly Payment 435

In the end by going to a different dealer I saved 15/month on payment and got extra 600 back from trade

Michaell

azza1 said:

Hi guys, wanted to run the number by you. I am looking to lease 2015 RX 350 for 36 months/12k in NY, where the tax is 8.875%.

Here is what I am getting

MSRP: 45805
INVOICE = FACTORY INVOICE - CASHBACK = 42865 - 2000 = 40865

MF: 0.0006
RESIDUAL = 59%
LEASE TERM = 36 months/12k
TOTAL ADDITIONAL FEES = 595 + 199 = $795 (delivery charge + documentation)

With condition that EVERYTHING is rolled into monthly payments (ie, zero down),
TOTAL MONTHLY = $497

Do you think this makes sense?
Am I leaving too much money on the table by allowing $795 in fees?

I plan to just send out my calculations by email to various dealers - just need one to agree

Thank you!

I get $500/mo if I add the fees to the selling price.

$595 is the bank fee and can't be avoided; $199 dealer fee seems reasonable.

Michaell

waynem3 said:

Can I please get the Residuals and MFs for the 2016 RX350 AWD (24/10, 36/10 & 36/12 ) in Illinois?
Thanks!

No 2016 RX lease numbers available yet .. perhaps in December.

azza1

Michaell said:

azza1 said:

Hi guys, wanted to run the number by you. I am looking to lease 2015 RX 350 for 36 months/12k in NY, where the tax is 8.875%.

Here is what I am getting

MSRP: 45805
INVOICE = FACTORY INVOICE - CASHBACK = 42865 - 2000 = 40865

MF: 0.0006
RESIDUAL = 59%
LEASE TERM = 36 months/12k
TOTAL ADDITIONAL FEES = 595 + 199 = $795 (delivery charge + documentation)

With condition that EVERYTHING is rolled into monthly payments (ie, zero down),
TOTAL MONTHLY = $497

Do you think this makes sense?
Am I leaving too much money on the table by allowing $795 in fees?

I plan to just send out my calculations by email to various dealers - just need one to agree

Thank you!

I get $500/mo if I add the fees to the selling price.

$595 is the bank fee and can't be avoided; $199 dealer fee seems reasonable.

OK. Is this a good deal? Is there any merit in asking for a lower price?

kyfdx

azza1 said:

Michaell said:

azza1 said:

Hi guys, wanted to run the number by you. I am looking to lease 2015 RX 350 for 36 months/12k in NY, where the tax is 8.875%.

Here is what I am getting

MSRP: 45805
INVOICE = FACTORY INVOICE - CASHBACK = 42865 - 2000 = 40865

MF: 0.0006
RESIDUAL = 59%
LEASE TERM = 36 months/12k
TOTAL ADDITIONAL FEES = 595 + 199 = $795 (delivery charge + documentation)

With condition that EVERYTHING is rolled into monthly payments (ie, zero down),
TOTAL MONTHLY = $497

Do you think this makes sense?
Am I leaving too much money on the table by allowing $795 in fees?

I plan to just send out my calculations by email to various dealers - just need one to agree

Thank you!

I get $500/mo if I add the fees to the selling price.

$595 is the bank fee and can't be avoided; $199 dealer fee seems reasonable.

OK. Is this a good deal? Is there any merit in asking for a lower price?

Read back to see what others are paying. We don't track the prices.

johnl617

I am currently trying to negotiate 10-12% off the MSRP on a 2015 RX350 with an price tage of 53,XXX. I just found out there is 11K miles on the car.... maybe demos/testdrives, etc etc. How do I go about negotiating more on this car? What is the rule of thumb for NEW cars with this mileage? I will be leasing.

cpa3

johnl617 said:

I am currently trying to negotiate 10-12% off the MSRP on a 2015 RX350 with an price tage of 53,XXX. I just found out there is 11K miles on the car.... maybe demos/testdrives, etc etc. How do I go about negotiating more on this car? What is the rule of thumb for NEW cars with this mileage? I will be leasing.

That price is for a new car $53K...In So Cal I see those listed by dealers for sale now right at about $40k or slightly less....Offer them $38k and its probably yours.

azscott1

What are leases looking like for 2015 Rx 350 in Arizona?
Msrp was 45,600
saw some rebates but not clear what is really true.
Any help with where cap cost should be, mf, residual on 18k/yr. 36 month lease.
thx

kyfdx

azscott1 said:

What are leases looking like for 2015 Rx 350 in Arizona?
Msrp was 45,600
saw some rebates but not clear what is really true.
Any help with where cap cost should be, mf, residual on 18k/yr. 36 month lease.
thx

.00060 MF and 57% residual for 36mo, 15K/yr. $2000 lease cash. Complimentary 1st payment.

azscott1

thank you!

Patelshivam94

Can I get the December MF and residual for all:

2015 IS250 AWD 
2016 IS 200t

2015 ES350
2016 ES350

2015 ES300H
2016 ES 300H

Any Months / 15K miles per year.

Michaell

Patelshivam94 said:

Can I get the December MF and residual for all:

2015 IS250 AWD 
2016 IS 200t

2015 ES350
2016 ES350

2015 ES300H
2016 ES 300H

Any Months / 15K miles per year.

This is the Lexus RX lease discussion .. use these links to post in the correct model discussion:

http://forums.edmunds.com/discussion/37935/lexus/x/2016-lexus-is-lease-questions#latest

http://forums.edmunds.com/discussion/34444/lexus/es-300h/2015-lexus-es-300h-lease-questions#latest

http://forums.edmunds.com/discussion/34448/lexus/is-250/2015-lexus-is-250-lease-questions#latest

laxcars

Can I please get the current MF and RV for the 2015 RX350 in SoCal - 36/10 lease? Thanks.

kyfdx

laxcars said:

Can I please get the current MF and RV for the 2015 RX350 in SoCal - 36/10 lease? Thanks.

.00060 MF and 60% residual. $2000 lease cash + complimentary 1st payment

dolphin5

Can you please post the 24/12&15 and 36/12&15 MF and RV for the 2015 AWD RX350 in NY Metro Area (NJ), and list lease cash for this area,

Thanks!

kyfdx

dolphin5 said:

Can you please post the 24/12&15 and 36/12&15 MF and RV for the 2015 AWD RX350 in NY Metro Area (NJ), and list lease cash for this area,

Thanks!

.00060 MF and 68%/66% or 59%/57% residual. $2000 lease cash + complimentary 1st payment

aab1970

Need yours opinion on my deal that I may take tomorrow
2015 AWD RX350 in NY MSRP $48019
$404.46 MONTHLY
$1700 DUE AT SIGNING ( NY tax + fee all in )
10000 MILES
33 MONTHS

crow216

Hi All,

2015 NJ RX 350 AWD, can I have current resid & mf?

Also, do we know 2016 yet? How much more per month can I expect to pay for a similarly equipped 2016 right vs 2015? $100?

kyfdx

aab1970 said:

Need yours opinion on my deal that I may take tomorrow
2015 AWD RX350 in NY MSRP $48019
$404.46 MONTHLY
$1700 DUE AT SIGNING ( NY tax + fee all in )
10000 MILES
33 MONTHS

Looks good. If that's the vehicle you want, I'd grab it.

kyfdx

crow216 said:

Hi All,

2015 NJ RX 350 AWD, can I have current resid & mf?

Also, do we know 2016 yet? How much more per month can I expect to pay for a similarly equipped 2016 right vs 2015? $100?

.00060 MF and 57% residual. $2000 lease cash + complimentary 1st payment. 36mo, 15K/yr

Don't have the 2016 numbers, yet... But, $100-$150 per month more is a good guess.

dolphin5

Thanks for the quick reply to my previous question. Can you also tell me the 33/12 MF and Residual. I'm assuming the MF is .00060? A dealership is telling me that I'm better off with the 33/12 than 36/12 so I wanted to check back in and get the numbers.

Thanks!

kyfdx

dolphin5 said:

Thanks for the quick reply to my previous question. Can you also tell me the 33/12 MF and Residual. I'm assuming the MF is .00060? A dealership is telling me that I'm better off with the 33/12 than 36/12 so I wanted to check back in and get the numbers.

Thanks!

Add 3% to residual for 33 months. Don't think it's going to make much difference.

mikeyjs

Does south Florida have the same deal as others have posted '.00060 MF and 57% residual. $2000 lease cash + complimentary 1st payment. 36mo, 15K/yr'? Does adding additional options change the residual with Lexus or is it the same no matter what. Finally does Lexus charge an acquisition fee for their leases?

Thanks

Michaell

mikeyjs said:

Does south Florida have the same deal as others have posted '.00060 MF and 57% residual. $2000 lease cash + complimentary 1st payment. 36mo, 15K/yr'? Does adding additional options change the residual with Lexus or is it the same no matter what. Finally does Lexus charge an acquisition fee for their leases?

Thanks

Residual is nationwide, so 57% is correct for 36/15.

I show .00060 for Florida and $2000 lease cash. Complimentary first payment.

Acquisition fee is, I believe, $700 for Lexus

mmendoza2

Can I please have the Residual % on 48 months with 7500 and 10,000 miles in south florida?

Thank You!

Michaell

mmendoza2 said:

Can I please have the Residual % on 48 months with 7500 and 10,000 miles in south florida?

Thank You!

52% / 51% and .00060. $2000 lease cash and complimentary first payment.

djkhoi888

hi Im being offered a 2015 RX 350 Base FWD for lease but it has 5000 miles on it already. It was a demo used by an executive. I was offered $500 /month for 36 months / 10k miles. Nothing down. This seems like a shady deal. Can you advise how to go about plugging in the numbers? Would I use the current value of this car's market price(similar models in Houston, TX are listed for 41k) as the msrp in my formula? so msrp is 41k, and maybe negotiate to 38k as my net cap cost? Then plug in .0006 MF with 59% residual? any advice would help as to how to approach this the best way. the good news is they're allowing me the 2000 lease cash to use too.
(I cant remember the sale price he told me, but its basically the new base msrp minus about $8,500 due to the mileage, so maybe 41,500). not sure if that helps, but lets assume that that's right!

kyfdx

djkhoi888 said:

hi Im being offered a 2015 RX 350 Base FWD for lease but it has 5000 miles on it already. It was a demo used by an executive. I was offered $500 /month for 36 months / 10k miles. Nothing down. This seems like a shady deal. Can you advise how to go about plugging in the numbers? Would I use the current value of this car's market price(similar models in Houston, TX are listed for 41k) as the msrp in my formula? so msrp is 41k, and maybe negotiate to 38k as my net cap cost? Then plug in .0006 MF with 59% residual? any advice would help as to how to approach this the best way. the good news is they're allowing me the 2000 lease cash to use too.
(I cant remember the sale price he told me, but its basically the new base msrp minus about $8,500 due to the mileage, so maybe 41,500). not sure if that helps, but lets assume that that's right!

Demos/loaners, etc.. that qualify for the new car lease plan use their original MSRP, and new car lease parameters. But, the residual is reduced to account for the current mileage. Not sure of Lexus, but for this example, just assume $0.20/mi. ($1000). Of course, for the demo to be a good deal, the selling price would have to be at least $1000 lower than a comparable new unit.

It's no different than leasing a new one.. just a lower residual and hopefully, a lot lower selling price.

kazaparu

Yday night got this deal on RX350 AWD in Maryland, let me know if I did ok?

Sticker price: 51,442 (including 940 delivery, processing and handling fee)
Agreed Price: 45,663
Zero down, 3 year, 12K miles/year
Payment: $505/month (first month is free)
Taxes: 1884 (based on VA 4.1%)
Registration and tags: 308
Acquisition Fee: 700
Doc Fee: 300
Purchase Option at the end of 36 months: 30,350