2016 Lexus RX350 Lease Questions

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Comments

  • ladyp99ladyp99 Member Posts: 3
    Hi everyone,

    I'm looking at a 2016 RX 350 in Southern California, the best offer I've been given so far is:

    MSRP $43,789 (base model, the only option I can get for the color scheme I want)
    Lease term: 36 months/15k miles
    Monthly payment: $425 including tax and fees
    Due at signing: $4,000
    Residual: 60%

    Not sure what my selling price, cap cost, or Money Factor are.

    Is this a good deal? What more information should I ask for from the dealer? Thanks for all your helpful posts! :D
  • MichaellMichaell Moderator Posts: 263,784
    ladyp99 said:

    Hi everyone,

    I'm looking at a 2016 RX 350 in Southern California, the best offer I've been given so far is:

    MSRP $43,789 (base model, the only option I can get for the color scheme I want)
    Lease term: 36 months/15k miles
    Monthly payment: $425 including tax and fees
    Due at signing: $4,000
    Residual: 60%

    Not sure what my selling price, cap cost, or Money Factor are.

    Is this a good deal? What more information should I ask for from the dealer? Thanks for all your helpful posts! :D

    I confirm the 60% residual; the MF is .00130 this month.

    What is the breakdown of the $4000 due at signing?

    You should also get the adjusted cap cost (selling price + taxes, fees - down payment).

    Reversing out what we do know, the cap cost is around $37,350, so my guess is a considerable amount of the $4000 is down payment. Which we do not recommend - if the car is stolen or totaled, you lose that money.

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  • ladyp99ladyp99 Member Posts: 3
    Michaell said:



    I confirm the 60% residual; the MF is .00130 this month.

    What is the breakdown of the $4000 due at signing?

    You should also get the adjusted cap cost (selling price + taxes, fees - down payment).

    Reversing out what we do know, the cap cost is around $37,350, so my guess is a considerable amount of the $4000 is down payment. Which we do not recommend - if the car is stolen or totaled, you lose that money.

    Thank you very much, Michael, for your quick reply. :)

    I'll ask the dealer for the cap cost tomorrow.

    I was told the $4,000 down and $425/mo included all taxes and fees. If I reduce the down payment to $2000 or even $0, in your opinion, what would a good monthly lease payment be? (So Cal tax rate is 8.75%)

    I've never leased or financed a car before....really not sure what a good deal should be. :)
  • kyfdxkyfdx Moderator Posts: 267,518
    ladyp99 said:

    Michaell said:



    I confirm the 60% residual; the MF is .00130 this month.

    What is the breakdown of the $4000 due at signing?

    You should also get the adjusted cap cost (selling price + taxes, fees - down payment).

    Reversing out what we do know, the cap cost is around $37,350, so my guess is a considerable amount of the $4000 is down payment. Which we do not recommend - if the car is stolen or totaled, you lose that money.

    Thank you very much, Michael, for your quick reply. :)

    I'll ask the dealer for the cap cost tomorrow.

    I was told the $4,000 down and $425/mo included all taxes and fees. If I reduce the down payment to $2000 or even $0, in your opinion, what would a good monthly lease payment be? (So Cal tax rate is 8.75%)

    I've never leased or financed a car before....really not sure what a good deal should be. :)
    $2000 less at signing will raise the payment by about $60/mo.

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  • crownroyalcrownroyal Member Posts: 6
    Hello, what is the MF and RV for RX350 AWD and RX350 RFSPORT AWD in Colorado. 36 month/12k and 36 month/10k. Thank you
  • MichaellMichaell Moderator Posts: 263,784
    crownroyal said:

    Hello, what is the MF and RV for RX350 AWD and RX350 RFSPORT AWD in Colorado. 36 month/12k and 36 month/10k. Thank you

    36/12 - .00130 and 62%. Add 1% for 10K. Both regular and F-Sport.

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  • carhunter08carhunter08 Member Posts: 3
    Hi There! Can you please confirm the MF and RV for RX350 in Florida: 36/10 - .00130 and 63% and would 36/12 be .00130 and 62%? Also, please confirm that negotiations should be done on the sales price and no the payment amount, is that correct? Many Thanks!
  • kyfdxkyfdx Moderator Posts: 267,518
    carhunter08 said:

    Hi There! Can you please confirm the MF and RV for RX350 in Florida: 36/10 - .00130 and 63% and would 36/12 be .00130 and 62%? Also, please confirm that negotiations should be done on the sales price and no the payment amount, is that correct? Many Thanks!

    All correct

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  • ladyp99ladyp99 Member Posts: 3


    Here is a another offer that I got.....what would the monthly lease payment be based on the following?

    2016 Lexus RX350

    MSRP: $43,699
    Selling Price: $38,500
    CAP Cost: $39,000
    Residual: $26,200
    MF: .00130
    Term: 36 mo with 15K Miles
    Down payment: $0

    Thank you very much :)
  • MichaellMichaell Moderator Posts: 263,784
    ladyp99 said:



    Here is a another offer that I got.....what would the monthly lease payment be based on the following?

    2016 Lexus RX350

    MSRP: $43,699
    Selling Price: $38,500
    CAP Cost: $39,000
    Residual: $26,200
    MF: .00130
    Term: 36 mo with 15K Miles
    Down payment: $0

    Thank you very much :)

    $440/mo plus tax.

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  • ijoker37ijoker37 Member Posts: 1
    HI you guys are amazing, this money factor thing is tricky for me, tell me what you think here.

    LI - NY

    Trading out of my 2014 RX 5/mo's early.

    The new 2016 is:
    RX350 sticker $51,000
    $3,300 down for taxes fees, etc.
    They want $599 for 7500/miles
    I think that's ridiculous.

    For a 36/mo term with 10-12K miles what do you think the monthly's should be around?

    THANK-YOU!
  • kyfdxkyfdx Moderator Posts: 267,518
    ijoker37 said:

    HI you guys are amazing, this money factor thing is tricky for me, tell me what you think here.

    LI - NY

    Trading out of my 2014 RX 5/mo's early.

    The new 2016 is:
    RX350 sticker $51,000
    $3,300 down for taxes fees, etc.
    They want $599 for 7500/miles
    I think that's ridiculous.

    For a 36/mo term with 10-12K miles what do you think the monthly's should be around?

    THANK-YOU!

    .00130 MF and 62% residual for 36mo, 12K/yr.

    Can't even guess at a monthly payment without knowing the selling price.

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  • breezzebreezze Member Posts: 24
    Below is a deal I closed yesterday. Once again thanks to Michaell and Kyfdx for this great information. This is my 4th vehicle using info from this forum. 

    Southern California 
    2016 RX350 Lease - 36 / 15K 
    With 4years / 40k Miles Prepaid Maintenance 

    MSRP - $50,114.00
    Discount Saving - $5,472.71
    Selling Price - $44,641.29
    Prepaid Maintenance - $1,730.00
    Acquisition Fees - $700.00
    Doc. Prep Fees - $80.00
    Tire / Battery / VTR Fees - $8.75
    License / Title - $394.00 
    Total Cap Cost - $47,554.04
    Net Cap Cost - $47,554.04

    Annual Miles - 15,000
    Money Factor - 0.00130
    Residual - 60%
    Residual Amount - $30,068.40
    Tax - 9%

    Base Payment - $485.71
    Lease Fees - $100.91
    Monthly Payment - $586.62
    Monthly Tax - $52.80
    Total Monthly Payment - $639.43

    Due On Delivery - 1st month payment $585.00
    (Note: This amount was agreed with dealer prior to adding maintenance plan. Dealer use non cash credit to offset the difference on 1st month payment)

    I think this is a great deal and all the number looks accurate.
  • MichaellMichaell Moderator Posts: 263,784
    breezze said:

    Below is a deal I closed yesterday. Once again thanks to Michaell and Kyfdx for this great information. This is my 4th vehicle using info from this forum. 

    Southern California 
    2016 RX350 Lease - 36 / 15K 
    With 4years / 40k Miles Prepaid Maintenance 

    MSRP - $50,114.00
    Discount Saving - $5,472.71
    Selling Price - $44,641.29
    Prepaid Maintenance - $1,730.00
    Acquisition Fees - $700.00
    Doc. Prep Fees - $80.00
    Tire / Battery / VTR Fees - $8.75
    License / Title - $394.00 
    Total Cap Cost - $47,554.04
    Net Cap Cost - $47,554.04

    Annual Miles - 15,000
    Money Factor - 0.00130
    Residual - 60%
    Residual Amount - $30,068.40
    Tax - 9%

    Base Payment - $485.71
    Lease Fees - $100.91
    Monthly Payment - $586.62
    Monthly Tax - $52.80
    Total Monthly Payment - $639.43

    Due On Delivery - 1st month payment $585.00
    (Note: This amount was agreed with dealer prior to adding maintenance plan. Dealer use non cash credit to offset the difference on 1st month payment)

    I think this is a great deal and all the number looks accurate.
    Congrats! Thanks for sharing your details with us.

    Enjoy the new RX!

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  • aredlexaredlex Member Posts: 4
    Good Evening, I need your assistance. I'm in NYC and I'm in need if the RV and MF on RX 350 F Sport 24mos/15k mi yr, 24/12k and 36mos/15k mi yr, 36/12k. I want to weigh my options as many of these dealers don't like to be transparent in their info. Thank You.
  • MichaellMichaell Moderator Posts: 263,784
    aredlex said:

    Good Evening, I need your assistance. I'm in NYC and I'm in need if the RV and MF on RX 350 F Sport 24mos/15k mi yr, 24/12k and 36mos/15k mi yr, 36/12k. I want to weigh my options as many of these dealers don't like to be transparent in their info. Thank You.

    .00130 and 67% (24/15) or 60% (36/15).

    Add 2% for 12K

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  • aredlexaredlex Member Posts: 4
    Last question of the night. Are there any loyalty incentives as I'm coming out of current GS lease and looking to get into an RX in a few days?
  • kyfdxkyfdx Moderator Posts: 267,518
    aredlex said:

    Last question of the night. Are there any loyalty incentives as I'm coming out of current GS lease and looking to get into an RX in a few days?

    None that we see

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  • carhunter08carhunter08 Member Posts: 3
    Does this appear to be a good deal? I don't see the discount savings or purchase price on the quote:
    2016 RX350
    Term 36
    MF 0.00130
    Base Payment 524.30
    Total Payment 561.00
    Purchase Option 32,671,17
    MSRP 51,859
    Miles per year 10,000
    Disposition Fee 350.00
    Excess Mileage 0.25
    Amount Due at Signing:
    1st mo payment 561.00
    Fees and insurance 1,069.70
    Upfront taxes 60.56
    Total Inception Fees 1,691.26
    How Inception Fees are Paid:
    Inception fees waived 1691.26
    Total Credits 1691.26
    Remaining Due 0.00
    Total Cash Required on Delivery 0.00
  • MichaellMichaell Moderator Posts: 263,784
    carhunter08 said:

    Does this appear to be a good deal? I don't see the discount savings or purchase price on the quote:
    2016 RX350
    Term 36
    MF 0.00130
    Base Payment 524.30
    Total Payment 561.00
    Purchase Option 32,671,17
    MSRP 51,859
    Miles per year 10,000
    Disposition Fee 350.00
    Excess Mileage 0.25
    Amount Due at Signing:
    1st mo payment 561.00
    Fees and insurance 1,069.70
    Upfront taxes 60.56
    Total Inception Fees 1,691.26
    How Inception Fees are Paid:
    Inception fees waived 1691.26
    Total Credits 1691.26
    Remaining Due 0.00
    Total Cash Required on Delivery 0.00

    Correct - I see the MSRP, but no selling price or adjusted cap cost. Get those numbers from the dealer.

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  • carhunter08carhunter08 Member Posts: 3
    Does this help: Selling Price: = 45,389.56...so no money down (turning in 2015 that is due) and total payments of $561.00
    Michaell said:

    carhunter08 said:

    Does this appear to be a good deal? I don't see the discount savings or purchase price on the quote:
    2016 RX350
    Term 36
    MF 0.00130
    Base Payment 524.30
    Total Payment 561.00
    Purchase Option 32,671,17
    MSRP 51,859
    Miles per year 10,000
    Disposition Fee 350.00
    Excess Mileage 0.25
    Amount Due at Signing:
    1st mo payment 561.00
    Fees and insurance 1,069.70
    Upfront taxes 60.56
    Total Inception Fees 1,691.26
    How Inception Fees are Paid:
    Inception fees waived 1691.26
    Total Credits 1691.26
    Remaining Due 0.00
    Total Cash Required on Delivery 0.00

    Correct - I see the MSRP, but no selling price or adjusted cap cost. Get those numbers from the dealer.
  • MichaellMichaell Moderator Posts: 263,784
    carhunter08 said:

    Does this help: Selling Price: = 45,389.56...so no money down (turning in 2015 that is due) and total payments of $561.00

    Michaell said:

    carhunter08 said:

    Does this appear to be a good deal? I don't see the discount savings or purchase price on the quote:
    2016 RX350
    Term 36
    MF 0.00130
    Base Payment 524.30
    Total Payment 561.00
    Purchase Option 32,671,17
    MSRP 51,859
    Miles per year 10,000
    Disposition Fee 350.00
    Excess Mileage 0.25
    Amount Due at Signing:
    1st mo payment 561.00
    Fees and insurance 1,069.70
    Upfront taxes 60.56
    Total Inception Fees 1,691.26
    How Inception Fees are Paid:
    Inception fees waived 1691.26
    Total Credits 1691.26
    Remaining Due 0.00
    Total Cash Required on Delivery 0.00

    Correct - I see the MSRP, but no selling price or adjusted cap cost. Get those numbers from the dealer.
    Those prices give me a payment of $455/mo plus tax

    What is the adjusted cap cost, with all taxes and fees rolled in?

    What state and tax rate is this?

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  • sands14sands14 Member Posts: 1
    I just got a deal from dealership. Please advise if this seems good?
    With an MSRP of $55,918 and a sale price of $51,168 the lease would be as follows:

    36 Months
    7500 Miles Per Year
    NJ Taxes
    $0 Cap Cost Reduction
    Tier #1+ Credit (Fico Auto 2>720)
    $549.00 Per Month
    W/Cash Due @ Delivery
    $549.00 1st Payment
    $700.00 Bank Fee
    $360.00 NJ Plates, Title, Tire Tax & Life Of Lease Registration
    $289.00 Documentary Fee
    $1787.84 NJ Taxes
    $3685.84 Total Due @ Delivery
  • MichaellMichaell Moderator Posts: 263,784
    sands14 said:

    I just got a deal from dealership. Please advise if this seems good?
    With an MSRP of $55,918 and a sale price of $51,168 the lease would be as follows:

    36 Months
    7500 Miles Per Year
    NJ Taxes
    $0 Cap Cost Reduction
    Tier #1+ Credit (Fico Auto 2>720)
    $549.00 Per Month
    W/Cash Due @ Delivery
    $549.00 1st Payment
    $700.00 Bank Fee
    $360.00 NJ Plates, Title, Tire Tax & Life Of Lease Registration
    $289.00 Documentary Fee
    $1787.84 NJ Taxes
    $3685.84 Total Due @ Delivery

    .00130 and 64%. I get $540/mo with your prices, so pretty close to the dealer quote.

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  • lexani18zzlexani18zz Member Posts: 13
    2016
    lexus Rx350 Fsport 
    MSRP 60,739
    Selling Price: 54,100. 11% off 
    MF .00130
    36/12 lease
    $2500 Down which includes Tax,Tags (4.25%)
    $607 Mo payment 
  • kyfdxkyfdx Moderator Posts: 267,518
    lexani18zz said:

    2016
    lexus Rx350 Fsport 
    MSRP 60,739
    Selling Price: 54,100. 11% off 
    MF .00130
    36/12 lease
    $2500 Down which includes Tax,Tags (4.25%)
    $607 Mo payment 

    If the selling price = CAP cost, then $576/mo.

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  • lexani18zzlexani18zz Member Posts: 13
    kyfdx said:
    2016
    lexus Rx350 Fsport 
    MSRP 60,739
    Selling Price: 54,100. 11% off 
    MF .00130
    36/12 lease
    $2500 Down which includes Tax,Tags (4.25%)
    $607 Mo payment 
    If the selling price = CAP cost, then $576/mo.
    So how would I tell the dealer this? Just mention it should be around $576 when I plugged the numbers my self? Also selling price given should be my cap cost correct? Since I'm paying for my state taxes upfront which is the $2500? Or would it be better to ask them my cap cost?
  • coolbizcoolbiz Member Posts: 19
    First time leasing a car..I would like to get rx350, no navigation, with no money down. What is a good deal for the month of June? Have excellent credit and low mileage. What should I be looking for so I can get the best possible monthly payment. Thanks for your help!
  • kyfdxkyfdx Moderator Posts: 267,518
    lexani18zz said:


    kyfdx said:

    lexani18zz said:

    2016
    lexus Rx350 Fsport 
    MSRP 60,739
    Selling Price: 54,100. 11% off 
    MF .00130
    36/12 lease
    $2500 Down which includes Tax,Tags (4.25%)
    $607 Mo payment 

    If the selling price = CAP cost, then $576/mo.

    So how would I tell the dealer this? Just mention it should be around $576 when I plugged the numbers my self? Also selling price given should be my cap cost correct? Since I'm paying for my state taxes upfront which is the $2500? Or would it be better to ask them my cap cost?

    Better to ask the CAP cost, and then find out why it's different from the selling price.

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  • MichaellMichaell Moderator Posts: 263,784
    coolbiz said:

    First time leasing a car..I would like to get rx350, no navigation, with no money down. What is a good deal for the month of June? Have excellent credit and low mileage. What should I be looking for so I can get the best possible monthly payment. Thanks for your help!

    You have to negotiate your best selling price, just as if you were buying.

    There are some good articles about leasing here:

    http://www.edmunds.com/car-leasing/

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  • touring14touring14 Member Posts: 2
    Hello do we have the June 36/12k mf rv for southern california available? Thanks!
  • MichaellMichaell Moderator Posts: 263,784
    touring14 said:

    Hello do we have the June 36/12k mf rv for southern california available? Thanks!

    62% and .00130

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  • jtrue28jtrue28 Member Posts: 22
    So the rates didn't change from May? Any lease cash or loyalty incentives?
  • MichaellMichaell Moderator Posts: 263,784
    jtrue28 said:

    So the rates didn't change from May? Any lease cash or loyalty incentives?

    No changes. No information on incentives.

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  • cartman13cartman13 Member Posts: 58
    Hi, can I get MF and RV for 36/10 AWD - So cal? guessing 65 and .0013MF?
  • MichaellMichaell Moderator Posts: 263,784
    cartman13 said:

    Hi, can I get MF and RV for 36/10 AWD - So cal? guessing 65 and .0013MF?

    Close - 63% and .00130

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  • ckoolckool Member Posts: 85
    breezze said:

    Below is a deal I closed yesterday. Once again thanks to Michaell and Kyfdx for this great information. This is my 4th vehicle using info from this forum. 

    Southern California 
    2016 RX350 Lease - 36 / 15K 
    With 4years / 40k Miles Prepaid Maintenance 

    MSRP - $50,114.00
    Discount Saving - $5,472.71
    Selling Price - $44,641.29
    Prepaid Maintenance - $1,730.00
    Acquisition Fees - $700.00
    Doc. Prep Fees - $80.00
    Tire / Battery / VTR Fees - $8.75
    License / Title - $394.00 
    Total Cap Cost - $47,554.04
    Net Cap Cost - $47,554.04

    Annual Miles - 15,000
    Money Factor - 0.00130
    Residual - 60%
    Residual Amount - $30,068.40
    Tax - 9%

    Base Payment - $485.71
    Lease Fees - $100.91
    Monthly Payment - $586.62
    Monthly Tax - $52.80
    Total Monthly Payment - $639.43

    Due On Delivery - 1st month payment $585.00
    (Note: This amount was agreed with dealer prior to adding maintenance plan. Dealer use non cash credit to offset the difference on 1st month payment)

    I think this is a great deal and all the number looks accurate.
    Would u mind to share the dealership and salesperson you got ur RX from?

  • johnl617johnl617 Member Posts: 38
    I just got an ad from my local Lexus dealer in MA and it says 419 a month for an AWD RX350, 36months/10K with 2680 down. In addition, they are also giving me back up to 3000 in maintenance spent on my previous lexus vehicles that I can use towards a purchase of a vehicle. This is just an FYI. I will call the dealer later today to confirm if the 3K voucher is AN ADDITIONAL discount to drop the rx350's lease special down.

    I am looking for a lease deal on a RX350 with Lexus Safety and 12" Navigation.
  • carsam1carsam1 Member Posts: 30
    I'm looking for a 2016 RX350 FSport. with MSRP around $55K and selling price $50K for a 36 month 10k lease in TX. Can you please let me know the MF, RV, and monthly payments that I should be looking at?
  • MichaellMichaell Moderator Posts: 263,784
    carsam1 said:

    I'm looking for a 2016 RX350 FSport. with MSRP around $55K and selling price $50K for a 36 month 10k lease in TX. Can you please let me know the MF, RV, and monthly payments that I should be looking at?

    63% and .00130.

    In Texas, you pay sales tax on the entire $50K selling price - are you planning to pay that amount up front, along with the other lease inception fees, or add it to the selling price?

    Payment will be much different depending on which option you take.

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  • rb18211rb18211 Member Posts: 3
    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)
  • MichaellMichaell Moderator Posts: 263,784
    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?

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  • rb18211rb18211 Member Posts: 3
    Michaell said:

    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?
    I don't have this information. But i believe NY has ~7% taxes if i am not wrong. Does this deal seems good to you?
  • MichaellMichaell Moderator Posts: 263,784
    rb18211 said:

    Michaell said:

    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?
    I don't have this information. But i believe NY has ~7% taxes if i am not wrong. Does this deal seems good to you?
    Right - but NY calculates the taxes for the sum of the payments and collects them up front. As you didn't break that out in your amount due at signing total, I have to assume they are being added into the selling price.

    So, $542x36 = $19,512 x 7% = $1366, over 36 months adds about $38/mo to the payment.

    Aha! Look at that! My calculation of $504/mo plus $38/mo for tax = $542/mo. On the dot.

    So, if you're comfortable with the discount from sticker, it looks like a good deal.

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    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • yankees0023yankees0023 Member Posts: 3
    Hi guys,

    I got this information for a lease. What do you guys think? I'm also in NY.

    2016 RX 350 with premium package and Nav (15K/36 months)
    MSRP: $51634
    Selling at: $47011
    Upfront: $979.06
    Lease: $623.06 (tax's rolled in)
    Tax: 8.65%
    MF: 0.00130
    Residual: 60%
    No Rebates this month

    First time leasing! Would love some help. Thank you.

  • MichaellMichaell Moderator Posts: 263,784
    yankees0023 said:

    Hi guys,

    I got this information for a lease. What do you guys think? I'm also in NY.

    2016 RX 350 with premium package and Nav (15K/36 months)
    MSRP: $51634
    Selling at: $47011
    Upfront: $979.06
    Lease: $623.06 (tax's rolled in)
    Tax: 8.65%
    MF: 0.00130
    Residual: 60%
    No Rebates this month

    First time leasing! Would love some help. Thank you.

    I get $594/mo with those numbers. Get the adjusted cap cost from the dealer and determine what they've added to the selling price.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • yankees0023yankees0023 Member Posts: 3
    edited June 2016
    Michaell said:

    yankees0023 said:

    Hi guys,

    I got this information for a lease. What do you guys think? I'm also in NY.

    2016 RX 350 with premium package and Nav (15K/36 months)
    MSRP: $51634
    Selling at: $47011
    Upfront: $979.06
    Lease: $623.06 (tax's rolled in)
    Tax: 8.65%
    MF: 0.00130
    Residual: 60%
    No Rebates this month

    First time leasing! Would love some help. Thank you.

    I get $594/mo with those numbers. Get the adjusted cap cost from the dealer and determine what they've added to the selling price.
    I will call and find out! Do you know how much is a fair monthly price or a ballpark number I should aim to pay per month? Thank you so much!

    EDIT: I just called and they said there is no adjusted cap cost.
  • rb18211rb18211 Member Posts: 3
    Michaell said:

    rb18211 said:

    Michaell said:

    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?
    I don't have this information. But i believe NY has ~7% taxes if i am not wrong. Does this deal seems good to you?
    Right - but NY calculates the taxes for the sum of the payments and collects them up front. As you didn't break that out in your amount due at signing total, I have to assume they are being added into the selling price.

    So, $542x36 = $19,512 x 7% = $1366, over 36 months adds about $38/mo to the payment.

    Aha! Look at that! My calculation of $504/mo plus $38/mo for tax = $542/mo. On the dot.

    So, if you're comfortable with the discount from sticker, it looks like a good deal.
    thanks Mic
    Michaell said:

    rb18211 said:

    Michaell said:

    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?
    I don't have this information. But i believe NY has ~7% taxes if i am not wrong. Does this deal seems good to you?
    Right - but NY calculates the taxes for the sum of the payments and collects them up front. As you didn't break that out in your amount due at signing total, I have to assume they are being added into the selling price.

    So, $542x36 = $19,512 x 7% = $1366, over 36 months adds about $38/mo to the payment.

    Aha! Look at that! My calculation of $504/mo plus $38/mo for tax = $542/mo. On the dot.

    So, if you're comfortable with the discount from sticker, it looks like a good deal.
    Thanks Michaell. Do you think there is more room for discount on sticker?
  • kyfdxkyfdx Moderator Posts: 267,518
    yankees0023 said:

    Michaell said:

    yankees0023 said:

    Hi guys,

    I got this information for a lease. What do you guys think? I'm also in NY.

    2016 RX 350 with premium package and Nav (15K/36 months)
    MSRP: $51634
    Selling at: $47011
    Upfront: $979.06
    Lease: $623.06 (tax's rolled in)
    Tax: 8.65%
    MF: 0.00130
    Residual: 60%
    No Rebates this month

    First time leasing! Would love some help. Thank you.

    I get $594/mo with those numbers. Get the adjusted cap cost from the dealer and determine what they've added to the selling price.
    I will call and find out! Do you know how much is a fair monthly price or a ballpark number I should aim to pay per month? Thank you so much!

    EDIT: I just called and they said there is no adjusted cap cost.
    They might as well say that there aren't any wheels on the vehicle.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 267,518
    rb18211 said:

    Michaell said:

    rb18211 said:

    Michaell said:

    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?
    I don't have this information. But i believe NY has ~7% taxes if i am not wrong. Does this deal seems good to you?
    Right - but NY calculates the taxes for the sum of the payments and collects them up front. As you didn't break that out in your amount due at signing total, I have to assume they are being added into the selling price.

    So, $542x36 = $19,512 x 7% = $1366, over 36 months adds about $38/mo to the payment.

    Aha! Look at that! My calculation of $504/mo plus $38/mo for tax = $542/mo. On the dot.

    So, if you're comfortable with the discount from sticker, it looks like a good deal.
    thanks Mic
    Michaell said:

    rb18211 said:

    Michaell said:

    rb18211 said:

    Hi - Can anyone please review the following deal, This is in NY.

    MSRP $53,439.00
    SP $48,471.00
    Discount 9.30%
    Residual 64.00%
    Residual Amount $31,021.44
    MF 0.0013
    Lease Per Month 542
    Amount Due 1817 (Bank Fee:700; DMV: 500; Doc Fee: 75 First Month: 542)

    I get $504/mo plus tax with those numbers.

    What is the adjusted cap cost, after taxes are added in?
    I don't have this information. But i believe NY has ~7% taxes if i am not wrong. Does this deal seems good to you?
    Right - but NY calculates the taxes for the sum of the payments and collects them up front. As you didn't break that out in your amount due at signing total, I have to assume they are being added into the selling price.

    So, $542x36 = $19,512 x 7% = $1366, over 36 months adds about $38/mo to the payment.

    Aha! Look at that! My calculation of $504/mo plus $38/mo for tax = $542/mo. On the dot.

    So, if you're comfortable with the discount from sticker, it looks like a good deal.
    Thanks Michaell. Do you think there is more room for discount on sticker?
    We don't track selling prices.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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