2015 RX350 Lease Deal

rocbrady8rocbrady8 Member Posts: 4
edited June 2015 in Lexus
hi, just wanted to know your thoughts on the following lease deal

MSRP $50669
Sale Price $43000
RV 60%
MF 0.0009
Upfront fees $1615 (first month, fees)
36 month/12k miles
$548/month

thanks!

Comments

  • kyfdxkyfdx Moderator Posts: 207,910
    rocbrady8 said:

    hi, just wanted to know your thoughts on the following lease deal

    MSRP $50669
    Sale Price $43000
    RV 60%
    MF 0.0009
    Upfront fees $1615 (first month, fees)
    36 month/12k miles
    $548/month

    thanks!

    Those are the correct rates..

    With your numbers, I get $416/mo.+tax.. That seems a long way from $548/mo.

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  • rocbrady8rocbrady8 Member Posts: 4
    He said if I put $1000 down, my monthly payment would lower to $499/mo (I mentioned the monthlys were high and I was looking for something below $500). Is he manipulating the numbers just to get me my desired monthly payment? Would you walk away from this deal? It took a bit to get them down that low from the MSRP but now it seems they won't budge from the monthly
  • kyfdxkyfdx Moderator Posts: 207,910
    rocbrady8 said:

    He said if I put $1000 down, my monthly payment would lower to $499/mo (I mentioned the monthlys were high and I was looking for something below $500). Is he manipulating the numbers just to get me my desired monthly payment? Would you walk away from this deal? It took a bit to get them down that low from the MSRP but now it seems they won't budge from the monthly

    Ask them for the CAP cost.. There are some big extra numbers in there, somewhere. A low selling price doesn't mean a lot, if they are just adding on numbers somewhere else.

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