2015 Lexus RC 350 Lease Questions

bananaero

Thank you!

rafikt

Hi there, 

i just got a quote today on a 2015 RC 350 AWD, I don't have the exact numbers but here is what I know

MSRP is 50k
he's saying he took 6k off so I'm assuming the sale price is around 44k

total out of pocket is 3000 with monthly payment 515 a month (33 month lease) that includes all fees and taxes. 15k miles per year. 
They are cutting me a check for 2600 to cover the last 4 payments on my current lease (Lexus IS $400 a month and 1000 for extra miles). I don't feel like they are doing me a huge favor it's a Lexus and I got it from the same dealer ship. I feel like those numbers are too high after reading the numbers other people are getting. 

I only left 500 deposit and they will run my credit, what do you think? I'm leaning towards backing out

kyfdx

rafikt said:

Hi there, 

i just got a quote today on a 2015 RC 350 AWD, I don't have the exact numbers but here is what I know

MSRP is 50k
he's saying he took 6k off so I'm assuming the sale price is around 44k

total out of pocket is 3000 with monthly payment 515 a month (33 month lease) that includes all fees and taxes. 15k miles per year. 
They are cutting me a check for 2600 to cover the last 4 payments on my current lease (Lexus IS $400 a month and 1000 for extra miles). I don't feel like they are doing me a huge favor it's a Lexus and I got it from the same dealer ship. I feel like those numbers are too high after reading the numbers other people are getting. 

I only left 500 deposit and they will run my credit, what do you think? I'm leaning towards backing out

.00075 MF and 63% residual for 33mo, 15K/yr. $1000 lease cash.

Without knowing the exact numbers, we'd just be guessing.

Be careful of a dealership cutting you a check and leaving you to turn in your current lease on your own. If they aren't taking it in trade or taking it back on a "pull-ahead" program, you may be liable for other end of lease charges that you weren't expecting.

rafikt

I am going to call tomorrow and get the exact selling price. I already talked to other dealers today and Lexus of bay ridge beat them (2350 out of pocket instead of 3000 and 515 a month) same car same options, they will take my current lease but they don't have the 2 year free maintenance package. 
I agree with you, I don't want them to cut me a check it doesn't feel right even other dealers said that's strange. Thanks again for your help

rafikt

So I started talking to other dealers and get pretty much the same numbers:

2015 RC 350 AWD

MSRP: 50250
Selling: 45331
33 month 15k miles\
$511 a month

400 out of pocket and I will pay off my current lease (2600 total) instead of giving them 3000 and they pay it off, same thing.

What do you think? I am about to lease a deposit

kyfdx

rafikt said:

So I started talking to other dealers and get pretty much the same numbers:

2015 RC 350 AWD

MSRP: 50250
Selling: 45331
33 month 15k miles\
$511 a month

400 out of pocket and I will pay off my current lease (2600 total) instead of giving them 3000 and they pay it off, same thing.

What do you think? I am about to lease a deposit

Again... .it's not the same thing. Even if you make all of your lease payments, your lease is still not up and you may not be able to turn it in early, without penalty. If a dealer takes your car in trade and buys the car from the bank, that's different and you are off the hook.

starterman86

Hey guys, is this a good deal?
MSRP $51933 (F-Sport, Nav, Moonroof, Park Assist, etc.)
Negotiated $6300 off plus $1000 leasing incentive.
Cap Cost 45673.69
MF .00120
15K/36 Months
$1500 down to cover tax/tag for NC
$531 per month
The residual and mf are they on par with the offers this month?

Other offer was $3k down, 12k/36mnths $449 per month

Michaell

starterman86 said:

Hey guys, is this a good deal?
MSRP $51933 (F-Sport, Nav, Moonroof, Park Assist, etc.)
Negotiated $6300 off plus $1000 leasing incentive.
Cap Cost 45673.69
MF .00120
15K/36 Months
$1500 down to cover tax/tag for NC
$531 per month
The residual and mf are they on par with the offers this month?

Other offer was $3k down, 12k/36mnths $449 per month

With the numbers you've provided (and the 36/15 residual of 60%), I get $464/mo before tax.

Base MF this month on the RC350 is .00075, so that is marked up on you ....

Find out what the net cap cost is -- might be higher than what you've been told.

EDIT - oops, I had my spreadsheet set for 39 months, not 36. New payment is $495/mo

starterman86

Michaell said:

Hey guys, is this a good deal? MSRP $51933 (F-Sport, Nav, Moonroof, Park Assist, etc.) Negotiated $6300 off plus $1000 leasing incentive. Cap Cost 45673.69 MF .00120 15K/36 Months $1500 down to cover tax/tag for NC $531 per month The residual and mf are they on par with the offers this month? Other offer was $3k down, 12k/36mnths $449 per month

With the numbers you've provided (and the 36/15 residual of 60%), I get $464/mo before tax. Base MF this month on the RC350 is .00075, so that is marked up on you .... Find out what the net cap cost is -- might be higher than what you've been told. EDIT - oops, I had my spreadsheet set for 39 months, not 36. New payment is $495/mo

Thank you! Does the mf apply even to NC? My salesman said that the promotion has changed that's why my mf is high. I will ask about net cost.

Michaell

starterman86 said:

Michaell said:

starterman86 said:

Hey guys, is this a good deal?
MSRP $51933 (F-Sport, Nav, Moonroof, Park Assist, etc.)
Negotiated $6300 off plus $1000 leasing incentive.
Cap Cost 45673.69
MF .00120
15K/36 Months
$1500 down to cover tax/tag for NC
$531 per month
The residual and mf are they on par with the offers this month?

Other offer was $3k down, 12k/36mnths $449 per month

With the numbers you've provided (and the 36/15 residual of 60%), I get $464/mo before tax.

Base MF this month on the RC350 is .00075, so that is marked up on you ....

Find out what the net cap cost is -- might be higher than what you've been told.

EDIT - oops, I had my spreadsheet set for 39 months, not 36. New payment is $495/mo

Thank you! Does the mf apply even to NC? My salesman said that the promotion has changed that's why my mf is high. I will ask about net cost.

The numbers I have seem to be national, so no regional variations that I'm aware of.

Be polite and explain that you won't sign a deal with an inflated MF. Call a couple other Lexus dealers to compare numbers.

starterman86

Michaell said:

Michaell said:

Hey guys, is this a good deal? MSRP $51933 (F-Sport, Nav, Moonroof, Park Assist, etc.) Negotiated $6300 off plus $1000 leasing incentive. Cap Cost 45673.69 MF .00120 15K/36 Months $1500 down to cover tax/tag for NC $531 per month The residual and mf are they on par with the offers this month? Other offer was $3k down, 12k/36mnths $449 per month

With the numbers you've provided (and the 36/15 residual of 60%), I get $464/mo before tax. Base MF this month on the RC350 is .00075, so that is marked up on you .... Find out what the net cap cost is -- might be higher than what you've been told. EDIT - oops, I had my spreadsheet set for 39 months, not 36. New payment is $495/mo

Thank you! Does the mf apply even to NC? My salesman said that the promotion has changed that's why my mf is high. I will ask about net cost.

The numbers I have seem to be national, so no regional variations that I'm aware of. Be polite and explain that you won't sign a deal with an inflated MF. Call a couple other Lexus dealers to compare numbers.

Again thanks a bunch! I am dealing with several dealers. Is there somewhere where I can find this base mf info? I want to be able to back up my claim when I speak to him :-)

Michaell

starterman86 said:

Michaell said:

Michaell said:

Hey guys, is this a good deal? MSRP $51933 (F-Sport, Nav, Moonroof, Park Assist, etc.) Negotiated $6300 off plus $1000 leasing incentive. Cap Cost 45673.69 MF .00120 15K/36 Months $1500 down to cover tax/tag for NC $531 per month The residual and mf are they on par with the offers this month? Other offer was $3k down, 12k/36mnths $449 per month

With the numbers you've provided (and the 36/15 residual of 60%), I get $464/mo before tax. Base MF this month on the RC350 is .00075, so that is marked up on you .... Find out what the net cap cost is -- might be higher than what you've been told. EDIT - oops, I had my spreadsheet set for 39 months, not 36. New payment is $495/mo

Thank you! Does the mf apply even to NC? My salesman said that the promotion has changed that's why my mf is high. I will ask about net cost.

The numbers I have seem to be national, so no regional variations that I'm aware of. Be polite and explain that you won't sign a deal with an inflated MF. Call a couple other Lexus dealers to compare numbers.

Again thanks a bunch! I am dealing with several dealers. Is there somewhere where I can find this base mf info? I want to be able to back up my claim when I speak to him :-)

Nope, it's confidential. 

starterman86

Okie dokie! Thanks again for your help I am grateful for it.

starterman86

starterman86

Does the above quote look better? The nitrogen fee of $499 is coming off and throwing in a tint job.

kyfdx

starterman86 said:

Does the above quote look better? The nitrogen fee of $499 is coming off and throwing in a tint job.

So.. what's the new payment?

starterman86

$510 with $1500 down
That is not with the deduction of the nitrogen

ghoffner

Thoughts on this lease quote on a RC-F...?
MSRP: $73,500
Negotiate Price: $66,000
MF: 0.0008
Residual: 59%
Texas Sales Tax: 6.25% (entire value of car, not just monthly payment)
3 years and 7,500 miles per year.
Was quoted about $820/month

Michaell

ghoffner said:

Thoughts on this lease quote on a RC-F...?
MSRP: $73,500
Negotiate Price: $66,000
MF: 0.0008
Residual: 59%
Texas Sales Tax: 6.25% (entire value of car, not just monthly payment)
3 years and 7,500 miles per year.
Was quoted about $820/month

If I add the tax to the selling price ($70,125), I get $834/mo.

I confirm the .00080 and 59% lease numbers.

Looks like a solid, if expensive, deal.

ghoffner

Michaell said:

ghoffner said:

Thoughts on this lease quote on a RC-F...?
MSRP: $73,500
Negotiate Price: $66,000
MF: 0.0008
Residual: 59%
Texas Sales Tax: 6.25% (entire value of car, not just monthly payment)
3 years and 7,500 miles per year.
Was quoted about $820/month

If I add the tax to the selling price ($70,125), I get $834/mo.

I confirm the .00080 and 59% lease numbers.

Looks like a solid, if expensive, deal.

Yes, it isn't cheap that's for sure. I feel like there will be better deals to be made on the RC-F, in the months ahead. This car is not moving at all and the dealers have a ton of cars just sitting on their lots in Texas. Could you see the potential to negotiate for a far better price in the months to come?

ghoffner

Do you have the residual on the RC-350 for 24 months and 10,000 miles per year?

kyfdx

ghoffner said:

Do you have the residual on the RC-350 for 24 months and 10,000 miles per year?

72%

Michaell

ghoffner said:

Michaell said:

ghoffner said:

Thoughts on this lease quote on a RC-F...?
MSRP: $73,500
Negotiate Price: $66,000
MF: 0.0008
Residual: 59%
Texas Sales Tax: 6.25% (entire value of car, not just monthly payment)
3 years and 7,500 miles per year.
Was quoted about $820/month

If I add the tax to the selling price ($70,125), I get $834/mo.

I confirm the .00080 and 59% lease numbers.

Looks like a solid, if expensive, deal.

Yes, it isn't cheap that's for sure. I feel like there will be better deals to be made on the RC-F, in the months ahead. This car is not moving at all and the dealers have a ton of cars just sitting on their lots in Texas. Could you see the potential to negotiate for a far better price in the months to come?

No idea, but if inventory does start to pile up, anything is possible.

ghoffner

Whats the residual on 30 months and 7500 miles a year for the RCF?

kyfdx

ghoffner said:

Whats the residual on 30 months and 7500 miles a year for the RCF?

64%

ghoffner

Where do you get all these residuals for different month and mile combinations? I'd love to have a spreadsheet that lists all of that because I like to see all the combinations and how they impact payments. 

Michaell

ghoffner said:

Where do you get all these residuals for different month and mile combinations? I'd love to have a spreadsheet that lists all of that because I like to see all the combinations and how they impact payments. 

Confidential information ... you come here to get them.

rchan002x

@Michaell Do you by chance have the RV and MF for a 27 Month, 7500 Mile per year on the 15 RC F?

Michaell

rchan002x said:

@Michaell Do you by chance have the RV and MF for a 27 Month, 7500 Mile per year on the 15 RC F?

.00080 and 66% 

obi1andkobe2

Hello Edmunds,

What is the MFactor and residual on an RC350 and RC350F 24 & 27 months @ 7500 & 10K miles.

Thank you,

Michaell

obi1andkobe2 said:

Hello Edmunds,

What is the MFactor and residual on an RC350 and RC350F 24 & 27 months @ 7500 & 10K miles.

Thank you,

Did you mean F-Sport or the RC-F?

Regular RC350 numbers:

24/10 - 72%
27/10 - 70%

Add 1% for 7500 miles

.00075 MF and $1000 lease cash.

obi1andkobe2

Michaell said:

Hello Edmunds, What is the MFactor and residual on an RC350 and RC350F 24 & 27 months @ 7500 & 10K miles. Thank you,

Did you mean F-Sport or the RC-F? Regular RC350 numbers: 24/10 - 72% 27/10 - 70% Add 1% for 7500 miles .00075 MF and $1000 lease cash.

I meant the RC350 F Sport. I'm not sure I can afford an RCF LOL. 

amcfree

Hi Michaell,

Thanks for all the information and fast responses!  What are the November residuals for 36/10k for the RC350?

Michaell

obi1andkobe2 said:

Michaell said:

obi1andkobe2 said:

Hello Edmunds,

What is the MFactor and residual on an RC350 and RC350F 24 & 27 months @ 7500 & 10K miles.

Thank you,

Did you mean F-Sport or the RC-F?

Regular RC350 numbers:

24/10 - 72%
27/10 - 70%

Add 1% for 7500 miles

.00075 MF and $1000 lease cash.

I meant the RC350 F Sport. I'm not sure I can afford an RCF LOL. 

F-Sport is the same as the base RC.

Michaell

amcfree said:

Hi Michaell,

Thanks for all the information and fast responses!  What are the November residuals for 36/10k for the RC350?

63% and .00060. $1000 lease cash.

bananaero

Hello,

Can I get mf and residual for 10k miles/year 24 month, 27 month, and 36 month residual for the 2015 RC-F? Any incentives right now?

Thanks,

BAN!

kyfdx

bananaero said:

Hello,

Can I get mf and residual for 10k miles/year 24 month, 27 month, and 36 month residual for the 2015 RC-F? Any incentives right now?

Thanks,

BAN!

.00090 MF and 67%/65%/58% residual.
$3000 lease cash

sperkins921

Offer on RC F Sport:

MSRP 53,424
Savings 3000
Rebate 1000
CAP 49,424

Acquisition 700
Dealer Fee 568

Residual 62% (33,122.88)
MF .00090

36mos/12k miles
0 down

Monthly payment 599.57

This is for MA (so greater new england)

Good deal? Bad deal?

Would like to see payment around 500-550; whether by MSD's/better deal/combo

kyfdx

sperkins921 said:

Offer on RC F Sport:

MSRP 53,424
Savings 3000
Rebate 1000
CAP 49,424

Acquisition 700
Dealer Fee 568

Residual 62% (33,122.88)
MF .00090

36mos/12k miles
0 down

Monthly payment 599.57

This is for MA (so greater new england)

Good deal? Bad deal?

Would like to see payment around 500-550; whether by MSD's/better deal/combo

I get $527/mo.+tax.
We show base MF of .00060
Discount looks average and in-line with advertised deals.

MAX MSDs would save about $60/mo.

sperkins921

Thanks! That's what I was thinking- the MF is inflated. I want to say last month when I asked about MF's on a different model, I was quoted a more middle of the road number (I think it was .0017 or something similar on the RX or GS) so it seems odd that this month, the MF I got quoted was wayyyy higher than anyone else was getting. They gave me the same MF on both a GS and RC and said that they don't determine it; lexus does.

That said, since they came back with that; should a simple "I know that the MF should be closer to this number" be enough to get them to fall in line? And I'm guessing, if not, I should definitely find another dealer?

kyfdx

sperkins921 said:

Thanks! That's what I was thinking- the MF is inflated. I want to say last month when I asked about MF's on a different model, I was quoted a more middle of the road number (I think it was .0017 or something similar on the RX or GS) so it seems odd that this month, the MF I got quoted was wayyyy higher than anyone else was getting. They gave me the same MF on both a GS and RC and said that they don't determine it; lexus does.

That said, since they came back with that; should a simple "I know that the MF should be closer to this number" be enough to get them to fall in line? And I'm guessing, if not, I should definitely find another dealer?

Money factors were different last month, especially on the GS, if I recall correctly.

If you try another dealer, make sure they don't share ownership with this one. Some dealers will be upfront about marking up the MF, but once they lie to you, they generally will keep lying, to save face.

only1jv

Trying to see if I can get a good deal on leftover 2015 RC350 models now that the 2016 models have arrived. Do you have the Residuals and MF on the RC350 for 2 or 3 year leases, 15k miles?

Thanks for the help

Michaell

only1jv said:

Trying to see if I can get a good deal on leftover 2015 RC350 models now that the 2016 models have arrived. Do you have the Residuals and MF on the RC350 for 2 or 3 year leases, 15k miles?

Thanks for the help

69% / 60% residual and .00060. $1000 lease cash and complimentary first payment

only1jv

just to confirm, I multiple the residual value against the MSRP and not the negotiated selling price after discounts/msds/ etc correct?

Michaell

only1jv said:

just to confirm, I multiple the residual value against the MSRP and not the negotiated selling price after discounts/msds/ etc correct?

Yes, residual is always applied against the MSRP (base price + options + destination)

lexus168

Hi all,

I was quoted an extremely high MF of 0.0021 for a tier 1 credit rating.

Does MF matter by model? I'm looking at a 2015 IS 250 or 2016 IS 200T. I'm also eyeing the left-over 2015 RC 350's.

I don't want to pay above a 0.00105 MF.

There are also about 11 RC 350's at each dealer left over from 2015. Not sure what kind of price deduction I could get off one of these.

I'm also looking to put 0 down.

Thanks!

kyfdx

lexus168 said:

Hi all,

I was quoted an extremely high MF of 0.0021 for a tier 1 credit rating.

Does MF matter by model? I'm looking at a 2015 IS 250 or 2016 IS 200T. I'm also eyeing the left-over 2015 RC 350's.

I don't want to pay above a 0.00105 MF.

There are also about 11 RC 350's at each dealer left over from 2015. Not sure what kind of price deduction I could get off one of these.

I'm also looking to put 0 down.

Thanks!

Yes, money factors vary by model. If you have top tier credit, the base MF for the 2015 RC350 is .00060

lexus168

May I ask the residual for RC 350 2015? Also do you happen to know when 2016 RC MF and residuals come out? Thanks

Michaell

lexus168 said:

May I ask the residual for RC 350 2015? Also do you happen to know when 2016 RC MF and residuals come out? Thanks

What lease term and how many miles per year are you looking for?

2016 RC numbers should be available in December (he says with fingers crossed).

lexus168

10k per year, 3 years