Hello Michael, For an RX with msrp 49k and selling price 45k, what should I expect for 36 month 12 or 15k lease with zero down? Are 0.00105 and 59% reasonable these days? Thank you so much,
Hello Michael, For an RX with msrp 49k and selling price 45k, what should I expect for 36 month 12 or 15k lease with zero down? Are 0.00105 and 59% reasonable these days? Thank you so much,
.00105 is the base MF on the RX this month, and the residual for 36/15 is 59% (add 2% for 12K).
Using your MSRP and selling price, I get a pre-tax payment of $524.55 for 36/15.
just to add to what I have said it before regarding my new lease. I originally thought that $1000 rebate was a customer loyalty one. It turned out to be "Subvention Cash" rebate from Lexus. So, if you are going to negotiate for a new lease, mention that to your car dealer.
just to add to what I have said it before regarding my new lease. I originally thought that $1000 rebate was a customer loyalty one. It turned out to be "Subvention Cash" rebate from Lexus. So, if you are going to negotiate for a new lease, mention that to your car dealer.
Use the "Car Research" tab at the top of the page to get a current list of all available Lexus incentives (conquest, lease cash, loyalty, etc.) that you can use to lower your cap cost *after* you've negotiated your best deal.
I got the following offer for a fully loaded (comfort, premium w/ blind spot, navigation, sports appearance, and parking assist) RX FWD:
$626 per month including tax
18,000 miles
MF .00125
MSRP 50,228
Residual: 27,800
Is this a good deal?
I forgot to add that my down payment is $1390 to include fees and first month payment.
The base MF for the RX this month is .00105, so your dealer is marking that up on you for a bit of extra profit.
What was the selling price?
The selling price was 44,800 before taxes.
With the base MF and your MSRP, selling price and residual (which I assume has been adjusted for the extra miles), I get a pre-tax payment of $548.45/mo for 36 months.
hello new to the forum, could you please tell me the numbers for the mv and rv for the 2015 rx 350 fsport. 36monts 10k 12k and 15k would be perfect! Also, if the msrp is 52614, its not outrages that i ask the dealer for the net cap cost to be 48k right?
hello new to the forum, could you please tell me the numbers for the mv and rv for the 2015 rx 350 fsport. 36monts 10k 12k and 15k would be perfect! Also, if the msrp is 52614, its not outrages that i ask the dealer for the net cap cost to be 48k right?
.00105 MF and 36/15 residual is 59%
Add 2% for 12K and 3% for 10K.
Use the pricing tools at the top of the page to help determine your target cap cost.
About to sign this deal. 2015 RX350 F Sport, RV .62, Money Val: .00105, term = 3r/10k for a pretax payment of around $500.69 and with taxes/title/reg the monthly payment is $561. I'm in Virginia. Good deal?
About to sign this deal. 2015 RX350 F Sport, RV .62, Money Val: .00105, term = 3r/10k for a pretax payment of around $500.69 and with taxes/title/reg the monthly payment is $561. I'm in Virginia. Good deal?
Can you please tell us how Lexus grades credit scores for leasing and if there is a difference in mf accordingly? I know that Chrysler and many others blend Tier 1through 3 into the same rate... *While shopping with various dealers, one dealership made a dozen inquiries into our credit even though we were only interested in leasing. They alleged it was a mistake; However, the FICO was damaged. Score dropped over 70 points to 635. Very unprofessional. *I think Lexus / Toyota blend the tiers similar to Chrysler but I need to be sure... Thanks!
Can you please tell us how Lexus grades credit scores for leasing and if there is a difference in mf accordingly? I know that Chrysler and many others blend Tier 1through 3 into the same rate... *While shopping with various dealers, one dealership made a dozen inquiries into our credit even though we were only interested in leasing. They alleged it was a mistake; However, the FICO was damaged. Score dropped over 70 points to 635. Very unprofessional. *I think Lexus / Toyota blend the tiers similar to Chrysler but I need to be sure... Thanks!
Thanks kyfdx... So I assume Toyota/Lexus doesn't blend tiers like Chrysler??? Does the dealership have any ruling on this? Especially due to the extenuating circumstances (FICO drop was due to dealer error)?
Thanks kyfdx... So I assume Toyota/Lexus doesn't blend tiers like Chrysler??? Does the dealership have any ruling on this? Especially due to the extenuating circumstances (FICO drop was due to dealer error)?
My post above is everything I know about Lexus credit tiers.... sorry
being quoted for 2015 rx 350 f sport, msrp 52500, sales price 48000, mf .00105, 27mo/10k, 70% residual, is that a decent deal? what should the monthly be?
also, anyone knows how sales tax work in DC? do i have to make a separate payment up front?
being quoted for 2015 rx 350 f sport, msrp 52500, sales price 48000, mf .00105, 27mo/10k, 70% residual, is that a decent deal? what should the monthly be?
also, anyone knows how sales tax work in DC? do i have to make a separate payment up front?
Using the numbers you've provided, I get a pre-tax payment of $505.65/mo for 27 months.
Base MF is being used, and a decent discount from sticker. Nothing wrong with the deal from what I see.
Don't know how lease taxes work in DC. Either the payment itself is taxed (pmt * tax rate), or the taxes for the entire lease are calculated at the beginning of the lease and either paid up front or added to the cap cost.
A few states calculate sales tax on the entire purchase price (MD is one of those states) - this makes the lease payment a lot higher.
being quoted for 2015 rx 350 f sport, msrp 52500, sales price 48000, mf .00105, 27mo/10k, 70% residual, is that a decent deal? what should the monthly be?
also, anyone knows how sales tax work in DC? do i have to make a separate payment up front?
Using the numbers you've provided, I get a pre-tax payment of $505.65/mo for 27 months.
Base MF is being used, and a decent discount from sticker. Nothing wrong with the deal from what I see.
Don't know how lease taxes work in DC. Either the payment itself is taxed (pmt * tax rate), or the taxes for the entire lease are calculated at the beginning of the lease and either paid up front or added to the cap cost.
A few states calculate sales tax on the entire purchase price (MD is one of those states) - this makes the lease payment a lot higher.
thank you! really torn between the f sport and the land rover evoque right now... i think i will have to pay tax in dc at 7% (based on vehicle weight) of the entire purchase price, and not sure whether i can roll that into the lease... where as the evoque would be at 6%, lower payments ($470), but longer lease (39mo)....
I will preface my "good deal?" question by stating that I am very green when it comes to leases. The deal:
RX350 F sport AWD w/ $53,362 sticker purchase price $47800 24 mo. 12k mile lease $0 down .00090 MF .71 residual $569.79 / mo.
So, decent?
Using your numbers, I get a pre-tax payment of $490.16/mo for 24 months. Not sure why your quote is $80/mo higher (other than taxes, but that would imply a tax rate of 20% or so).
I will preface my "good deal?" question by stating that I am very green when it comes to leases. The deal:
RX350 F sport AWD w/ $53,362 sticker purchase price $47800 24 mo. 12k mile lease $0 down .00090 MF .71 residual $569.79 / mo.
So, decent?
Using your numbers, I get a pre-tax payment of $490.16/mo for 24 months. Not sure why your quote is $80/mo higher (other than taxes, but that would imply a tax rate of 20% or so).
Do you mind giving me the formula to compute payments? I'm guessing I'm getting hit with some harsh fees.
Taxes are listed at $1535.35 govt fee: $69.00 Doc Fee: $598.00
Does that account for the difference? The only other thing I see is a total initial pmt of $700. I'm not sure why the first payment is different from the rest, if it truly is $0 down.
I will preface my "good deal?" question by stating that I am very green when it comes to leases. The deal:
RX350 F sport AWD w/ $53,362 sticker purchase price $47800 24 mo. 12k mile lease $0 down .00090 MF .71 residual $569.79 / mo.
So, decent?
Using your numbers, I get a pre-tax payment of $490.16/mo for 24 months. Not sure why your quote is $80/mo higher (other than taxes, but that would imply a tax rate of 20% or so).
Do you mind giving me the formula to compute payments? I'm guessing I'm getting hit with some harsh fees.
Taxes are listed at $1535.35 govt fee: $69.00 Doc Fee: $598.00
Does that account for the difference? The only other thing I see is a total initial pmt of $700. I'm not sure why the first payment is different from the rest, if it truly is $0 down.
Thank you. I followed that, and am having trouble coming up with the offered monthly. I now understand each component and can more intelligently negotiate the offer. This forum offers excellent information with great response times!
Any opinions on the Lexus "Excess Wear & Use Protection Plan"? I'm new to leasing and just not sure how particular dealers are when the vehicle is returned. Also interested if anybody has priced this. I priced a Lexus Financial Services extended warranty (they call it a LFS VSA) for our existing RX350 which we own and noticed that there was a wide range of dealer pricing for the exact same Lexus product. (Several dealers at the high-end priced the warranty at twice the price of the low-end dealers). Thanks!
Any opinions on the Lexus "Excess Wear & Use Protection Plan"? I'm new to leasing and just not sure how particular dealers are when the vehicle is returned. Also interested if anybody has priced this. I priced a Lexus Financial Services extended warranty (they call it a LFS VSA) for our existing RX350 which we own and noticed that there was a wide range of dealer pricing for the exact same Lexus product. (Several dealers at the high-end priced the warranty at twice the price of the low-end dealers). Thanks!
Interesting timing.. Had my lease-end inspection done on our 2011 Infiniti, today. 36 months, 36,000 miles... ZERO end of lease charges..
Outside of excess mileage charges, I've had a grand total of $70 in wear and tear charges... on about 10 leased cars...
Has anybody used a $2000 Lexus Welcome Back Certificate? Do you know if the $2000 comes from Lexus or from the dealer? Can you make your lease deal and show it to the dealer when it comes to making your upfront payment of first payment, document fees, bank fee, and tax?
I talked to my local dealer this weekend. The $2000 voucher is a real thing, comes from LFS and can be applied to a lease. I was quoted the following on a $46K RX 350 (FWD, no navigation model): 36 month lease, 15,000 miles / yr - drive offs to start, $400 (CA 9% sales tax included).
Did you use the $2000 to save on the monthly payments or to pay the upfront fees, first payment, and bank fee? What was the selling price of the car? If you did not pay the tax monthly, your monthly payment would have only been $367/month ?
What is the current money factor and depreciation for an RX350? Looking at a $50K model with buy price of $46K and initial quote of around $550 tax rolled in and just tax/tags in NY. Also, are there any other incentives and what is the welcome back certificate (is it transferable?)?
What is the current money factor and depreciation for an RX350? Looking at a $50K model with buy price of $46K and initial quote of around $550 tax rolled in and just tax/tags in NY. Also, are there any other incentives and what is the welcome back certificate (is it transferable?)?
Did you use the $2000 to save on the monthly payments or to pay the upfront fees, first payment, and bank fee? What was the selling price of the car? If you did not pay the tax monthly, your monthly payment would have only been $367/month ?
$2000 all applied to monthly payments. Drive off included LFS lease fee of $725, 1st lease pmt + DMV tags. In CA, sales tax is applied to lease payments, not the total price of the car.
Comments
For an RX with msrp 49k and selling price 45k, what should I expect for 36 month 12 or 15k lease with zero down? Are 0.00105 and 59% reasonable these days?
Thank you so much,
Using your MSRP and selling price, I get a pre-tax payment of $524.55 for 36/15.
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just to add to what I have said it before regarding my new lease. I originally thought that $1000 rebate was a customer loyalty one. It turned out to be "Subvention Cash" rebate from Lexus. So, if you are going to negotiate for a new lease, mention that to your car dealer.
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Is the residual same for FWD RX350 for the 27 month lease 12K a year as the AWD?
thx
KRIS
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I got the following offer for a fully loaded (comfort, premium w/ blind spot, navigation, sports appearance, and parking assist) RX FWD:
$626 per month including tax
18,000 miles
MF .00125
MSRP 50,228
Residual: 27,800
Is this a good deal?
What was the selling price?
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Add 2% for 12K and 3% for 10K.
Use the pricing tools at the top of the page to help determine your target cap cost.
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Solid deal.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Tier 1 is 690-719
2 is 670-689
3 is 650-669
4 is 630-649
5 is 610-629
6 is 580-609
7 is 520-579
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Tier 1 is an add of .00010
Tier 2 is an add of .00045
Tier 3 is an add of .00135
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also, anyone knows how sales tax work in DC? do i have to make a separate payment up front?
Base MF is being used, and a decent discount from sticker. Nothing wrong with the deal from what I see.
Don't know how lease taxes work in DC. Either the payment itself is taxed (pmt * tax rate), or the taxes for the entire lease are calculated at the beginning of the lease and either paid up front or added to the cap cost.
A few states calculate sales tax on the entire purchase price (MD is one of those states) - this makes the lease payment a lot higher.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
59%/54%/50% residual. .00105 MF and $500 lease cash.
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.00170 MF and 40% residual
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10k year.
Can I get MF and Residuals for 24, 27 (if available), and 36 months?
I'd love to find a short-term lease.
RX350 F sport AWD w/ $53,362 sticker
purchase price $47800
24 mo. 12k mile lease
$0 down
.00090 MF
.71 residual
$569.79 / mo.
So, decent?
27/10 - 70%
36/10 - 62%
.00105 MF for all terms.
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Taxes are listed at $1535.35
govt fee: $69.00
Doc Fee: $598.00
Does that account for the difference? The only other thing I see is a total initial pmt of $700. I'm not sure why the first payment is different from the rest, if it truly is $0 down.
Thanks again!
Pretty good explanation, here:
http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments
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Interesting timing.. Had my lease-end inspection done on our 2011 Infiniti, today. 36 months, 36,000 miles... ZERO end of lease charges..
Outside of excess mileage charges, I've had a grand total of $70 in wear and tear charges... on about 10 leased cars...
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Thanks
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I'm also looking for the current money factor and residual on a FWD RX 350.
24 mos W/ 10K and 24 w/ 12K if possible.
Thanks in advance.
Add 1% for 10K
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