2015 Lexus RX 350 Lease Questions

jessica2011

Not sure if it's a good lease deal. We need to know the MSRP, selling price, money factor plus the residual.

mohauwk

I leased a 2015 RX350 AWD
MSRP:47729
SALE PRICE: 40500
MF:.0009
RESIDUAL: 61%

Lease term 36/10K
PAY 466/month
Paid one time lease payment: 14459K(since I HAD THE CASH)
If I like the car, I can buy it the end of lease.

Ant thought on the DEAL?

Michaell

mohauwk said:

I leased a 2015 RX350 AWD
MSRP:47729
SALE PRICE: 40500
MF:.0009
RESIDUAL: 61%

Lease term 36/10K
PAY 466/month
Paid one time lease payment: 14459K(since I HAD THE CASH)
If I like the car, I can buy it the end of lease.

Ant thought on the DEAL?

Good deal! Enjoy your new Lexus!

saconway

I have a question on an advertised leasing special that is running in IL for a 2015 RX 350.

Here are the details: $399/36 mnths, $1699 due at signing, Complimentary First Month Payment, 10K mile/year limit. I am guessing this is based on the base model.

Based on some initial research, I am finding a RX 350 2WD quoted at 39,857, Residual Value for 36 mnths 55%, and MF of .002992.

Would really appreciate any feedback if this is a good deal and what I can negotiate on these type of advertised offers.

Thanks,
Steven

kyfdx

saconway said:

I have a question on an advertised leasing special that is running in IL for a 2015 RX 350.

Here are the details: $399/36 mnths, $1699 due at signing, Complimentary First Month Payment, 10K mile/year limit. I am guessing this is based on the base model.

Based on some initial research, I am finding a RX 350 2WD quoted at 39,857, Residual Value for 36 mnths 55%, and MF of .002992.

Would really appreciate any feedback if this is a good deal and what I can negotiate on these type of advertised offers.

Thanks,
Steven

In Illinois for a 2015 RX350, .00050 MF and 61% residual for 36mo, 10K/yr. $1000 lease cash and complimentary 1st payment.

saconway

kyfdx said:

saconway said:

I have a question on an advertised leasing special that is running in IL for a 2015 RX 350.

Here are the details: $399/36 mnths, $1699 due at signing, Complimentary First Month Payment, 10K mile/year limit. I am guessing this is based on the base model.

Based on some initial research, I am finding a RX 350 2WD quoted at 39,857, Residual Value for 36 mnths 55%, and MF of .002992.

Would really appreciate any feedback if this is a good deal and what I can negotiate on these type of advertised offers.

Thanks,
Steven

In Illinois for a 2015 RX350, .00050 MF and 61% residual for 36mo, 10K/yr. $1000 lease cash and complimentary 1st payment.

Where are you finding these rates? If I can get these rates, do you think it is a good deal?

nykr95

mohauwk said:

I leased a 2015 RX350 AWD
MSRP:47729
SALE PRICE: 40500
MF:.0009
RESIDUAL: 61%

Lease term 36/10K
PAY 466/month
Paid one time lease payment: 14459K(since I HAD THE CASH)
If I like the car, I can buy it the end of lease.

Ant thought on the DEAL?

Was that 466 with or without tax included. Assuming you rolled in the bank fee and incidental fees I get around $429 including 6% sales tax. Did you roll anything else into your lease?\
Also my understanding is to never pre-pay because if your car is totaled or stolen you don't get that back.

Michaell

saconway said:

kyfdx said:

saconway said:

I have a question on an advertised leasing special that is running in IL for a 2015 RX 350.

Here are the details: $399/36 mnths, $1699 due at signing, Complimentary First Month Payment, 10K mile/year limit. I am guessing this is based on the base model.

Based on some initial research, I am finding a RX 350 2WD quoted at 39,857, Residual Value for 36 mnths 55%, and MF of .002992.

Would really appreciate any feedback if this is a good deal and what I can negotiate on these type of advertised offers.

Thanks,
Steven

In Illinois for a 2015 RX350, .00050 MF and 61% residual for 36mo, 10K/yr. $1000 lease cash and complimentary 1st payment.

Where are you finding these rates? If I can get these rates, do you think it is a good deal?

Lease terms in IL are much different than for the rest of the country. Until the end of the year, IL charges sales tax against the entire selling price of the car on a lease. The lower MF is meant to offset that penalty.

mohauwk

466 is including all taxes and fees added.
since I had the cash, I paid it. Any idea if you tottal the car or it is stolen, how to insure it?
and what about the sale price, do you think it is good price?

mohauwk

nykr95 said:

I leased a 2015 RX350 AWD MSRP:47729 SALE PRICE: 40500 MF:.0009 RESIDUAL: 61% Lease term 36/10K PAY 466/month Paid one time lease payment: 14459K(since I HAD THE CASH) If I like the car, I can buy it the end of lease. Ant thought on the DEAL?

Was that 466 with or without tax included. Assuming you rolled in the bank fee and incidental fees I get around $429 including 6% sales tax. Did you roll anything else into your lease?\ Also my understanding is to never pre-pay because if your car is totaled or stolen you don't get that back.

466 is with tax and all fees included with 0 down. I had the cash and paid it. I guess when the car is totaled, it will be paid as per the depreciation.
any ideas on how to protect it?

nykr95

Well Lexus leases already have gap insurance to cover the difference between what the lease obligation is and what your insurance pays. But if you pay in advance or put more money down - you don't get that back as far as I know. Don't think there is insurance to cover that.

cared1

Good Deal. I am looking to lease is Virginia. from where you got this

nick8844

Should I lease it?
MSRP: $47200
Sale Price: $42500
Texas sale tax : 6.25%
Term: 36/7.5K
Price after 3 years: $29000
Included Tittle and other fees
0 Down
Monthly payment : $540
The dealer went down from $586/month

Thanks,
Nick

Michaell

nick8844 said:

Should I lease it?
MSRP: $47200
Sale Price: $42500
Texas sale tax : 6.25%
Term: 36/7.5K
Price after 3 years: $29000
Included Tittle and other fees
0 Down
Monthly payment : $540
The dealer went down from $586/month

Thanks,
Nick

With your MSRP and sale price, along with the base MF of .00090 and residual of 62%, I get a pre-tax payment of $432.25; with 6.25% tax, $459.27.

What state is this? Some states tax the entire sales price for a lease.

nick8844

Michaell said:

nick8844 said:

Should I lease it?
MSRP: $47200
Sale Price: $42500
Texas sale tax : 6.25%
Term: 36/7.5K
Price after 3 years: $29000
Included Tittle and other fees
0 Down
Monthly payment : $540
The dealer went down from $586/month

Thanks,
Nick

With your MSRP and sale price, along with the base MF of .00090 and residual of 62%, I get a pre-tax payment of $432.25; with 6.25% tax, $459.27.

What state is this? Some states tax the entire sales price for a lease.

It's in Texas. Is your calculation included tittle, acquisition and other fee around $1000?

kyfdx

nick8844 said:

Michaell said:

nick8844 said:

Should I lease it?
MSRP: $47200
Sale Price: $42500
Texas sale tax : 6.25%
Term: 36/7.5K
Price after 3 years: $29000
Included Tittle and other fees
0 Down
Monthly payment : $540
The dealer went down from $586/month

Thanks,
Nick

With your MSRP and sale price, along with the base MF of .00090 and residual of 62%, I get a pre-tax payment of $432.25; with 6.25% tax, $459.27.

What state is this? Some states tax the entire sales price for a lease.

It's in Texas. Is your calculation included tittle, acquisition and other fee around $1000?

Texas taxes the full selling price... so $42,500 X 6.25% = $2656. About $75/mo. added for tax..

pitchinwedge

Hi kyfdx, do you have number for So. Cal at 12k/ 24/27/36 months? I have no idea if there's a sweet spot this month. Do AWD or packages make a difference?

kyfdx

pitchinwedge said:

Hi kyfdx, do you have number for So. Cal at 12k/ 24/27/36 months? I have no idea if there's a sweet spot this month. Do AWD or packages make a difference?

.00090 MF and 70%/68%/60% residual.
$1000 lease cash. Complimentary 1st payment (up to $700)

36 months will most likely be cheaper, unless you get a big discount, upfront..

dandy16

Newbie here, pls be gentle....Is this a good deal?

Specs - AWD, premium package, all weather floor mats, cargo mat cargo net wheel locks cross bars door edge guards.

MSRP 46922
Price After Discounts 41576
Net Cap (after down payment) 40476
Money factor 0.0009
Residual - 61%
Term -15k - 33months

Payment being offered is $419 based on my calculation model that doesn't seem to include tax.

Thanks!

Michaell

dandy16 said:

Newbie here, pls be gentle....Is this a good deal?

Specs - AWD, premium package, all weather floor mats, cargo mat cargo net wheel locks cross bars door edge guards.

MSRP 46922
Price After Discounts 41576
Net Cap (after down payment) 40476
Money factor 0.0009
Residual - 61%
Term -15k - 33months

Payment being offered is $419 based on my calculation model that doesn't seem to include tax.

Thanks!

I'm getting $421.39/mo before tax using your numbers.

bewitz

What's the MF and residual on an RX350 in Texas? Tier 1+ credit. 36 months/30,000 miles. I've also heard/read about $1000 lease cash and comp 1st month payment. True? Usually I'm able to negotiate sales tax credits so that's not an issue.

dandy16

Michaell said:

dandy16 said:

Newbie here, pls be gentle....Is this a good deal?

Specs - AWD, premium package, all weather floor mats, cargo mat cargo net wheel locks cross bars door edge guards.

MSRP 46922
Price After Discounts 41576
Net Cap (after down payment) 40476
Money factor 0.0009
Residual - 61%
Term -15k - 33months

Payment being offered is $419 based on my calculation model that doesn't seem to include tax.

Thanks!

I'm getting $421.39/mo before tax using your numbers.

Yes I got $421 on my calculation too. The sales guy came back and say that $419 includes tax. I mean, I'm happy it's lower just doesn't add up. Is it a good deal?

dandy16

Would extending the term to 36 months decrease the residual?

Michaell

bewitz said:

What's the MF and residual on an RX350 in Texas? Tier 1+ credit. 36 months/30,000 miles. I've also heard/read about $1000 lease cash and comp 1st month payment. True? Usually I'm able to negotiate sales tax credits so that's not an issue.

.00090 and 61%.

Confirm $1000 lease cash. Confirm waived first payment.

burzhui

Hi Guys, I received two very different offers. Because the rates are very different.

One guy gave me a 33 month lease, i can't even find mf/resid on a 33 month program
1500 out of pocket
51K Sticker
Don't know the sales price but includes, premium, navi, cross bars, comfort packages, intuitive park assist.

Total payment: 499 a month

and the second i got from another dealer for 36 months
MSRP 50,659
Price 46,485.95
Adjusted cap cost 48,228.77
cash cap cost reduction 1000

residual 61%
Rate 0.00150
DriveOff Amount 1831.25


Total Monthly payment 600

I am of course going to go for the 33 month deal, but i am wondering where are they screwing me? I am assuming it's in the Adjusted cap cost price, why did it go up? Shouldn't it go down if i'm paying 1831.25 out of pocket?

Michaell

burzhui said:

Hi Guys, I received two very different offers. Because the rates are very different.

One guy gave me a 33 month lease, i can't even find mf/resid on a 33 month program
1500 out of pocket
51K Sticker
Don't know the sales price but includes, premium, navi, cross bars, comfort packages, intuitive park assist.

Total payment: 499 a month

and the second i got from another dealer for 36 months
MSRP 50,659
Price 46,485.95
Adjusted cap cost 48,228.77
cash cap cost reduction 1000

residual 61%
Rate 0.00150
DriveOff Amount 1831.25


Total Monthly payment 600

I am of course going to go for the 33 month deal, but i am wondering where are they screwing me? I am assuming it's in the Adjusted cap cost price, why did it go up? Shouldn't it go down if i'm paying 1831.25 out of pocket?

33/15 residual is 61%; MF stays the same at .00090.

We'd need to know the sales price to model the payment.

For deal 2, the MF is marked up quite a bit (unless you don't have tier 1+ credit), so even with the $1000 cap reduction, that is increasing your payment.

burzhui

I will get more details on the first deal and will post the results. It is based of of 10K miles btw.

I called the dealer that gave me the second quote and i told him that the money factor seems high and if he can recheck his quote. SO he tells me and I quote: "Ughh listen what is the point of your call"
Me: I want you to recheck your numbers because you misquoted me
Him: "Sir if you believe i misquoted you then go someplace else"

i ended up going some place else. What an Idiot this would have been the third car i got from them

kyfdx

burzhui said:

I will get more details on the first deal and will post the results. It is based of of 10K miles btw.

I called the dealer that gave me the second quote and i told him that the money factor seems high and if he can recheck his quote. SO he tells me and I quote: "Ughh listen what is the point of your call"
Me: I want you to recheck your numbers because you misquoted me
Him: "Sir if you believe i misquoted you then go someplace else"

i ended up going some place else. What an Idiot this would have been the third car i got from them

Wait a minute.. you have a dealer that acted like a jerk and tried to take advantage of you? Stop the presses!..

Sorry.. just a little light humor.. It never ceases to amaze me, what we have to put up with to spend a multiple thousands of dollars on a vehicle. Keep plugging away.. you'll find a decent deal and a decent dealer, eventually.

mplslexus

Mpls, Minnesota Dealer emailed me an offer. pretty sure the cap cost is too high and also??? not sure what some of these terms are.

MSRP $47,739
L.E.V. Rt/$$ 70.00% (is this resid?)
Initial cap cost $46,039 (way too high IMO)
Less: O-Rewards $2,379.00 (what is this?)
Less: Cash Cap $1821.45 (our money down???)
Adjusted cap cost: $41,838.55
7,500 miles/year (more than enough for us)
27 months (kinda rather have 36 months)
Total Tax $878.18
Money factor .00090 (this is correct from what I see)
First payment 12/21/14 (so getting the first payment free?)
Monthly payment $379.62
Up-front Lic/Doc $670.00
Up-Front T/T/ACQ $750.75
Cust Cash Down: $4,500 (way more than we'd like)
memo: Cash & Sign $6,879.00 (way far more than we'd like)
memo: Cash & Drive $6,879.00 (way far more than we'd like)

So ask them to drop the cap cost? right now only like $1,700 off of MSRP. should be like $5,000 from what I'm seeing here.

What else could get reduced?

And not sure why they did the monthly at $379.62. I told them to go off the national Lexus plan of $429/mo.

This is the advertised lease promo:
2015RX350AWD
$429mo.36mos.
$2,799due at signing.
Complimentary First Month's Payment**
Excludes official fees, taxes and dealer charges. No security deposit required. 10,000 mile/year limit.

+ "for Nov 21 & 22 - Lexus will match up to $1,000 of your down payment on all ES & RX models" (don't see where they have this)

kyfdx

mplslexus said:

Mpls, Minnesota Dealer emailed me an offer. pretty sure the cap cost is too high and also??? not sure what some of these terms are.

MSRP $47,739
L.E.V. Rt/$$ 70.00% (is this resid?)
Initial cap cost $46,039 (way too high IMO)
Less: O-Rewards $2,379.00 (what is this?)
Less: Cash Cap $1821.45 (our money down???)
Adjusted cap cost: $41,838.55
7,500 miles/year (more than enough for us)
27 months (kinda rather have 36 months)
Total Tax $878.18
Money factor .00090 (this is correct from what I see)
First payment 12/21/14 (so getting the first payment free?)
Monthly payment $379.62
Up-front Lic/Doc $670.00
Up-Front T/T/ACQ $750.75
Cust Cash Down: $4,500 (way more than we'd like)
memo: Cash & Sign $6,879.00 (way far more than we'd like)
memo: Cash & Drive $6,879.00 (way far more than we'd like)

So ask them to drop the cap cost? right now only like $1,700 off of MSRP. should be like $5,000 from what I'm seeing here.

What else could get reduced?

And not sure why they did the monthly at $379.62. I told them to go off the national Lexus plan of $429/mo.

This is the advertised lease promo:
2015RX350AWD
$429mo.36mos.
$2,799due at signing.
Complimentary First Month's Payment**
Excludes official fees, taxes and dealer charges. No security deposit required. 10,000 mile/year limit.

+ "for Nov 21 & 22 - Lexus will match up to $1,000 of your down payment on all ES & RX models" (don't see where they have this)

LEV = Lease End Value. Yes, 70% is your residual
O-Rewards: No idea, but it looks like an additional discount or rebate.
Cash CAP: Looks like CAP cost reduction. Yes, your money down.
27 vs. 36 months? They won't care.. drops the residual to 62%. Will change the calculation.
.00090 is the MF
Complimentary 1st payment from Lexus

Cust cash down? Sign and Drive? That isn't really clear. How much are they asking for at lease inception? $4500? or, $6879?

The advertised deal includes a discount of about $3400 from MSRP. When you subtract the $2379 from the $46039, you get $43660, which is a little over $4000 off MSRP, in this case.

Looks like about $2200 in total fees/title/license/1st payment, etc.. Do they want that, plus $4500 down? That doesn't make a lot of sense, because if that were the case, you'd have a $4500 cap cost reduction, instead of $1821.45. Also, they give total tax, but isn't tax applied monthly in Minnesota (I'm not sure).

At the MSRP and NET CAP, the payment is correct..(still haven't accounted for tax, though) All else being equal, going to 36 months would raise the payment by $25/mo., but that's only because of the large amount of money being paid upfront. If that was all rolled into the payment and amortized, the 36 month term will probably be cheaper.

I haven't seen the matching down payment deal, but if that's an actual increase in incentives, I would certainly take advantage of it..

If you can clarify the tax, and how much money you have to bring to signing, I could give a better opinion.

mplslexus

The tax used to be added into the monthly payment years ago. when leasing our 2008 Acura TL we learned MN changed it to pay the tax upfront.

I emailed sales person back asking about the other things you asked - which was what I was wondering about. nothing adds up. how much total due at signing, how much is "money down" (aka cap cost reduction).


Per the Lexus lease for our area, we are due: (I'll paste the lease program at the end of this)
Complimentary first payment,
Lexus matching up to $1,000 of your down payment on all ES & RX Models today only (was Nov 21 & 22)

We'd rather have a 36 month lease than 27. We are fine with 7,500 mile or less as we do not drive a lot. probably under 5,000 miles year. but only if it saves us anything. if not we'd like the higher milage option in case we need them.


LEASE PROGRAM LISTED ON WEBSITE FOR OUR AREA
2015 RX 350 AWD
$429 mo. 36 mos.
$2,799 due at signing.
Complimentary First Month’s Payment**
Excludes official fees, taxes and dealer charges. No security deposit required. 10,000 mile/year limit.

*Available on approved credit to very well qualified customers through Lexus Financial Services and participating Lexus dealers on a new 2015 RX 350 AWD. Not all customers will qualify. Offer based on MSRP of $47,270 including delivery, processing and handling. Monthly payment may vary depending on final price of vehicle and your qualifications. You pay $0.25 per mile over 10,000 per year. See dealer for vehicle and lease program details. Must take delivery by 1/5/2015. This offer is available in NE, KS, MN, IA, WI, IL, IN, MO, KY, MI, OH.

**Complimentary first month’s lease payment up to $700, valid on new 2015 RX 350 AWD leases up to 48 months. Qualifying customers will receive a
credit equal to the lesser of $700 or their first month’s lease payment (the ”Maximum Credit”). The Maximum Credit will be applied first towards the amount due at lease signing with any remainder applied towards cap cost reduction. Offer through a Lexus Dealer and Lexus Financial Services. If the first payment is more than $700, the customer is responsible for any amount over $700. See participating dealer for lease program details. Program not eligible with One-Pay leases. Offer ends 1/5/2015.

Visit http://www.YourLexusDealer.com For More Information

mplslexus

kyfdx said:

mplslexus said:

Mpls, Minnesota Dealer emailed me an offer. pretty sure the cap cost is too high and also??? not sure what some of these terms are.

MSRP $47,739
L.E.V. Rt/$$ 70.00% (is this resid?)
Initial cap cost $46,039 (way too high IMO)
Less: O-Rewards $2,379.00 (what is this?)
Less: Cash Cap $1821.45 (our money down???)
Adjusted cap cost: $41,838.55
7,500 miles/year (more than enough for us)
27 months (kinda rather have 36 months)
Total Tax $878.18
Money factor .00090 (this is correct from what I see)
First payment 12/21/14 (so getting the first payment free?)
Monthly payment $379.62
Up-front Lic/Doc $670.00
Up-Front T/T/ACQ $750.75
Cust Cash Down: $4,500 (way more than we'd like)
memo: Cash & Sign $6,879.00 (way far more than we'd like)
memo: Cash & Drive $6,879.00 (way far more than we'd like)

So ask them to drop the cap cost? right now only like $1,700 off of MSRP. should be like $5,000 from what I'm seeing here.

What else could get reduced?

And not sure why they did the monthly at $379.62. I told them to go off the national Lexus plan of $429/mo.

This is the advertised lease promo:
2015RX350AWD
$429mo.36mos.
$2,799due at signing.
Complimentary First Month's Payment**
Excludes official fees, taxes and dealer charges. No security deposit required. 10,000 mile/year limit.

+ "for Nov 21 & 22 - Lexus will match up to $1,000 of your down payment on all ES & RX models" (don't see where they have this)

LEV = Lease End Value. Yes, 70% is your residual
O-Rewards: No idea, but it looks like an additional discount or rebate.
Cash CAP: Looks like CAP cost reduction. Yes, your money down.
27 vs. 36 months? They won't care.. drops the residual to 62%. Will change the calculation.
.00090 is the MF
Complimentary 1st payment from Lexus

Cust cash down? Sign and Drive? That isn't really clear. How much are they asking for at lease inception? $4500? or, $6879?

The advertised deal includes a discount of about $3400 from MSRP. When you subtract the $2379 from the $46039, you get $43660, which is a little over $4000 off MSRP, in this case.

Looks like about $2200 in total fees/title/license/1st payment, etc.. Do they want that, plus $4500 down? That doesn't make a lot of sense, because if that were the case, you'd have a $4500 cap cost reduction, instead of $1821.45. Also, they give total tax, but isn't tax applied monthly in Minnesota (I'm not sure).

At the MSRP and NET CAP, the payment is correct..(still haven't accounted for tax, though) All else being equal, going to 36 months would raise the payment by $25/mo., but that's only because of the large amount of money being paid upfront. If that was all rolled into the payment and amortized, the 36 month term will probably be cheaper.

I haven't seen the matching down payment deal, but if that's an actual increase in incentives, I would certainly take advantage of it..

If you can clarify the tax, and how much money you have to bring to signing, I could give a better opinion.

ok, heard more back:

the O-Rewards is: "1000 lease cash from Lexus plus 1000 extra for today deal and 1st payment that Lexus is waiving"

"$750 is acquision fee" - (from what I see that is supposed to be waved).

The payment is adjusted down due to your miles and extra money for today deal. (I asked why they changed it from $429 to $379.62)

Total we collect is 4500.00.

There was about $1065 of dealer added options We did not want. Tow pkg, $330 for wood steering wheel , $225 matts $245 truck matts, etc. this was response:
"They all have tow prep and 100% have wood on steering wheel. We could pull all of the mats out however. With all due respect, are you able to come in and do this deal today? You lose the 1000.00 if not."

kyfdx

Okay... so, the extra $1000 was already in the deal..

Hard to tell if that's a Lexus incentive, or just a dealer come-on to create urgency. Either way, the discount is about $4000 from MSRP.. (maybe)

Acquisition fee isn't waived. Waiver is not part of the advertised deal, either..

You can do this deal with minimal upfront.. .1st payment and title/license fees...(let's say around $1200) Then roll the rest of it in..

So, add $3300 to the CAP cost ($1200 upfront, instead of $4500) ,and the 27 month payment goes to $555/mo.

Do the same deal for 36 months with a 60% residual, and the payment goes to $540/mo.

Sounds expensive, but the advertised deal was with $2800 due at signing, and didn't include tax, title, license or doc fees.. As you can see, those really add up.

mplslexus

thanks for the help, so far. no we didn't take the deal.
1) we were hoping for $5,000 off instead of $4,000. reading here seems most getting about $5k off, and even a few $7k off MSRP.
2) there was also about $1,065 of added items we didn't want. like the leather & wood steering wheel for $330??? what? & it's not heated for that price? what does the std steering wheel look like? can't be bad on a Lexus. plus $225 for floor mats that are like $85 on amazon? same for cargo mats for $245, and putting a $245 towing package that seems to be just a transmission cooler? etc. so we'll see.

pitchinwedge

mplslexus said:

thanks for the help, so far. no we didn't take the deal.
1) we were hoping for $5,000 off instead of $4,000. reading here seems most getting about $5k off, and even a few $7k off MSRP.

Is this accurate? I'd love to go down and see about $5k off MSRP

brit67

what is MF and resid for RX350 AWD for 36 mo/15000miles in Illinois. What reduction in MF for MSD's

Michaell

brit67 said:

what is MF and resid for RX350 AWD for 36 mo/15000miles in Illinois. What reduction in MF for MSD's

.00050 and 58%.

burzhui

Ok so this is what i just got

Dealer took my tradein also an RX with 2 months left on the lease at $600

New car leased 2015 rx 350awd

MSRP 50703.00
Agreed Price of vehicle $46145.68

Gross Cap cost $47954.99
cap cost reduction $1356.21
Adjusted cap cost $46598.78

Residual Value $16496.48


Monthly price $499.89

First payment includes
Amount due at lease signing 3049.89
rebates 1499.00
Cap Cost Reduction 1356.21
Acquisition fee 700
doc fee 399
sales tax 94.79

Paid in cash at signing $1550.00

Please explain to me why do they expect the cap cost reduction to be due at signing? Is this arguable? Isn't it a "discount"?

Michaell

burzhui said:

Ok so this is what i just got

Dealer took my tradein also an RX with 2 months left on the lease at $600

New car leased 2015 rx 350awd

MSRP 50703.00
Agreed Price of vehicle $46145.68

Gross Cap cost $47954.99
cap cost reduction $1356.21
Adjusted cap cost $46598.78

Residual Value $16496.48


Monthly price $499.89

First payment includes
Amount due at lease signing 3049.89
rebates 1499.00
Cap Cost Reduction 1356.21
Acquisition fee 700
doc fee 399
sales tax 94.79

Paid in cash at signing $1550.00

Please explain to me why do they expect the cap cost reduction to be due at signing? Is this arguable? Isn't it a "discount"?

Technically, the cap cost reduction is a down payment - in this case, the majority of it and the other up front fees are covered by the available incentives, which is why your out of pocket expense was only the $1550.

burzhui

So could I have done better on this deal you think?

Michaell

burzhui said:

So could I have done better on this deal you think?

$500/mo for a $50K car is a pretty good lease deal. Enjoy!

bstime

Pricing out a 2015 RX 350. quote is MSRP 51,254. price=46000 61% residual MF .0009 for 35 month 10k lease. monthly pmt quote is 523. Is that right? I think they are off by about 25 bucks.

thats a zero down with 1596 out of pocket broken down as reg 175, ins 25, bank fee 695. doc fee 298. in massachusetts.

harsh1992

Hi There - I found this forum very useful when I leased my car. I'm in the process of leasing a car for my mom and wanted to run the numbers by the experts (you guys). The car is ~ 2015 RX350 AWD. Here are the specifics and I wanted to get your thoughts.

• MSRP = 50,659 (RX350 AWD w/ Navigation)
  
• MF = 0.00090
  
• Residual = 61%
  
• Mileage/yr = 10,000
  
• Term = 36 months
  
• Cap Cost Reduction = 3,172
  
• Rebate = 1,487 ($1,000 "december to remember" offer + 1st month payment)
  
• Doc fee = 329
  
• Bank fee = 700
  
• Aftersale = 974 (dealership will cover last 2 months of payments since our lease is up in Feb15')
  
• Tax = 1,418
  
• Motor Vehicle = 304
  
• Monthly payment = $487
  
• State = NJ
  
  I'd appreciate any comments and thoughts on if this is a good deal. I think it it because I'll be getting the car below invoice.

kyfdx

bstime said:

Pricing out a 2015 RX 350. quote is MSRP 51,254. price=46000 61% residual MF .0009 for 35 month 10k lease. monthly pmt quote is 523. Is that right? I think they are off by about 25 bucks.

thats a zero down with 1596 out of pocket broken down as reg 175, ins 25, bank fee 695. doc fee 298. in massachusetts.

I get $479/mo.+tax. Ask them for the CAP cost. If it isn't $46000, then ask them why.

kyfdx

harsh1992 said:

Hi There - I found this forum very useful when I leased my car. I'm in the process of leasing a car for my mom and wanted to run the numbers by the experts (you guys). The car is ~ 2015 RX350 AWD. Here are the specifics and I wanted to get your thoughts.

• MSRP = 50,659 (RX350 AWD w/ Navigation)
  
• MF = 0.00090
  
• Residual = 61%
  
• Mileage/yr = 10,000
  
• Term = 36 months
  
• Cap Cost Reduction = 3,172
  
• Rebate = 1,487 ($1,000 "december to remember" offer + 1st month payment)
  
• Doc fee = 329
  
• Bank fee = 700
  
• Aftersale = 974 (dealership will cover last 2 months of payments since our lease is up in Feb15')
  
• Tax = 1,418
  
• Motor Vehicle = 304
  
• Monthly payment = $487
  
• State = NJ
  
  I'd appreciate any comments and thoughts on if this is a good deal. I think it it because I'll be getting the car below invoice.

What is the selling price?

enzop

Kyfdx,

Can you give me the current residual and MF. for an '15 RX350 AWD in NY?

Both 33mo. and 36mo. with 15k per year.

Thank you,

bwnorthernva

What are MF and RV for 2015 ES300h with MSRP of $47,655 in NVA

bwnorthernva

Can someone tell me the Residual value and MF for an RX400n with 12K and 15k per yr - MSRP @ $59K

cityboy2

harsh1992 said:

Hi There - I found this forum very useful when I leased my car. I'm in the process of leasing a car for my mom and wanted to run the numbers by the experts (you guys). The car is ~ 2015 RX350 AWD. Here are the specifics and I wanted to get your thoughts.

• MSRP = 50,659 (RX350 AWD w/ Navigation)
  
• MF = 0.00090
  
• Residual = 61%
  
• Mileage/yr = 10,000
  
• Term = 36 months
  
• Cap Cost Reduction = 3,172
  
• Rebate = 1,487 ($1,000 "december to remember" offer + 1st month payment)
  
• Doc fee = 329
  
• Bank fee = 700
  
• Aftersale = 974 (dealership will cover last 2 months of payments since our lease is up in Feb15')
  
• Tax = 1,418
  
• Motor Vehicle = 304
  
• Monthly payment = $487
  
• State = NJ
  
  I'd appreciate any comments and thoughts on if this is a good deal. I think it it because I'll be getting the car below invoice.

Hey harsh,
who is the dealer? I'm from nj and want this deal too.

Michaell

enzop said:

Kyfdx,

Can you give me the current residual and MF. for an '15 RX350 AWD in NY?

Both 33mo. and 36mo. with 15k per year.

Thank you,

61% and 58% for 33/36 mo, 15k.

.00090 MF