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2016 Lexus RX350 Lease Questions

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  • MichaellMichaell Moderator Posts: 263,033
    baemae126 said:

    What would the lease look like in North Florida for 15k miles per yr /36 mo lease and also 18k miles per year 36 mo lease?

    2016 RX 350 Luxury Pkg
    MSRP 58,949
    Discount 4,400
    Rebate 1,500
    Adjusted Price 53,049

    Taxable Fees (estimated) 6.50
    Doc Fee 695
    Tax 3,365.03
    Non Tax Fees 100

    Balance 57,215.53

    Appreciate any help as I try to decide whether to lease or purchase.

    Thank you!

    Florida taxes the monthly payment on a lease, so the tax amount is irrelevant.

    And, I don't see the acquisition fee listed anywhere.

    Ask the dealer or the adjusted cap cost.

    .00100 and 59% for 36/15; extra miles are deducted from the 15k residual at .20 per mile, or $1800 total.

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  • baemae126baemae126 Member Posts: 2
    Hi Michaell,

    The dealership doesn't have the vehicle I'm looking to get. The have one with all the same options - just not the right color. However, the are certain they can obtain one, but in order to go search, and bring it they wanted to make sure I was agreeable to the pricing if they indeed can produce the exact car I'm looking for.

    I had done some prior research and had the true car pricing on the the model with the luxury pkg and options, however I was/am still unsure as to what method I would go with regards to lease or purchase. The sales person stated that didn't have to be decided yet. That brought me to where I am now with the numbers I have above in my previous and 1st post. I've always purchased my vehicles in the past and not leased, however I'm giving the lease option serious consideration this time.

    Based on the 1 page quote I was given - it was prepared as a purchase to include sales tax. I don't have the information related to an acquisition fee and the dealership is closed today. I would like to be able to compare how my payments would look both ways, but if my pricing changes for leasing vs buying - I need to know those numbers. I can estimate a acquisition fee but does it replace the dealership (doc) fee of $695 or is it in addition to? I know how to do the calculations I'm just not sure what to start with.
    Do I lose all my discounts when I lease? Wouldn't I start with the negotiated price of $53.049 as my cap cost?

    Thanks for all your help!
  • kyfdxkyfdx Moderator Posts: 266,739
    baemae126 said:

    Hi Michaell,

    The dealership doesn't have the vehicle I'm looking to get. The have one with all the same options - just not the right color. However, the are certain they can obtain one, but in order to go search, and bring it they wanted to make sure I was agreeable to the pricing if they indeed can produce the exact car I'm looking for.

    I had done some prior research and had the true car pricing on the the model with the luxury pkg and options, however I was/am still unsure as to what method I would go with regards to lease or purchase. The sales person stated that didn't have to be decided yet. That brought me to where I am now with the numbers I have above in my previous and 1st post. I've always purchased my vehicles in the past and not leased, however I'm giving the lease option serious consideration this time.

    Based on the 1 page quote I was given - it was prepared as a purchase to include sales tax. I don't have the information related to an acquisition fee and the dealership is closed today. I would like to be able to compare how my payments would look both ways, but if my pricing changes for leasing vs buying - I need to know those numbers. I can estimate a acquisition fee but does it replace the dealership (doc) fee of $695 or is it in addition to? I know how to do the calculations I'm just not sure what to start with.
    Do I lose all my discounts when I lease? Wouldn't I start with the negotiated price of $53.049 as my cap cost?

    Thanks for all your help!

    The dealership doc fee is just money for the dealership for nothing. It has nothing to do with any other fees, and isn't attributable to anything.

    The LFS lease acquisition fee is $700

    I only see $500 of lease cash for this model, but I don't have the Southern Region incentive numbers. So, it's possible the $1500 rebate may not be applicable to the lease (but, we don't know).

    Leasing should not change the dealer's discount from MSRP, as far as that number doesn't include any extra incentives (like that rebate).

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  • green_leasegreen_lease Member Posts: 93
    Can you please provide the October MF and residuals for 36 months 12k and 15k leases.
  • kyfdxkyfdx Moderator Posts: 266,739

    Can you please provide the October MF and residuals for 36 months 12k and 15k leases.

    .00100 MF and 60%/58% residual. $500 lease cash

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  • leoh418leoh418 Member Posts: 12
    edited October 2016
    kyfdx said:

    Can you please provide the October MF and residuals for 36 months 12k and 15k leases.

    .00100 MF and 60%/58% residual. $500 lease cash
    Can you please let us know which variant of the RX is this for? Also, the last program lasted until October 3rd, I assume this is the number for the new program post-Oct 3rd?
  • kyfdxkyfdx Moderator Posts: 266,739
    leoh418 said:

    kyfdx said:

    Can you please provide the October MF and residuals for 36 months 12k and 15k leases.

    .00100 MF and 60%/58% residual. $500 lease cash
    Can you please let us know which variant of the RX is this for? Also, the last program lasted until October 3rd, I assume this is the number for the new program post-Oct 3rd?
    New program... for all 2016 RX350

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  • leoh418leoh418 Member Posts: 12
    It looks like all the 2016s are almost gone around my area, are the numbers the same for 2017s?
  • MichaellMichaell Moderator Posts: 263,033
    leoh418 said:

    It looks like all the 2016s are almost gone around my area, are the numbers the same for 2017s?

    Doubtful. The 2017 discussion is here:

    http://forums.edmunds.com/discussion/43202/lexus/rx-350/2017-lexus-rx-lease-questions/p1?new=1

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  • emad86emad86 Member Posts: 26
    edited October 2016
    Can I please have 2016 RX350 lease numbers for 36 months 10\12 and 39 months 10\12. I am located in the south florida region.

    Also if there are any incentives.

    Thank you.
  • MichaellMichaell Moderator Posts: 263,033
    emad86 said:

    Can I please have 2016 RX350 lease numbers for 36 months 10\12 and 39 months 10\12. I am located in the south florida region.

    Also if there are any incentives.

    Thank you.

    58% (36/12) or 56% (39/12) and .00100.

    $500 lease cash.

    Add 1% for 10K

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  • cynocyno Member Posts: 29
    What are #'s for 2016 RX350 FSport with 36/12?
  • MichaellMichaell Moderator Posts: 263,033
    cyno said:

    What are #'s for 2016 RX350 FSport with 36/12?

    60% and .00100. $500 lease cash.

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  • malu59rtmalu59rt Member Posts: 10
    Hi, what is the MF and Residual for a 2016 RX350 F Sport for 3yr/12k and 3yr/15k? December to Remember started, and those are supposed to be the best rates, thank you!!
  • platinum903platinum903 Member Posts: 25
    Can you tell me MF and Residual for November on 2016 RX350 FSport for 36/10 in Texas? Any other incentives?
  • kyfdxkyfdx Moderator Posts: 266,739
    malu59rt said:

    Hi, what is the MF and Residual for a 2016 RX350 F Sport for 3yr/12k and 3yr/15k? December to Remember started, and those are supposed to be the best rates, thank you!!

    .00190 MF and 60%/58% residual.
    $2750 dealer cash.

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  • kyfdxkyfdx Moderator Posts: 266,739

    Can you tell me MF and Residual for November on 2016 RX350 FSport for 36/10 in Texas? Any other incentives?

    .00190 MF and 61% residual
    $2750 dealer cash.

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  • budjevinbudjevin Member Posts: 9
    Hello and thank you for all your hard work.
    What is the MF and Residual for a 2016 RX350 F Sport for 3yr/12k and 3yr/15k and 3yr/10k for NY and NJ?
    What is the MF and Residual for a 2016 RX350 (non F) for 3yr/12k and 3yr/15k and 3yr/10k for NY and NJ?

    I was told December to Remember starts on Nov 15, not like the poster above me seems to suggest.
    Are those supposed to be the best rates in YOUR experience? Have you seen a lower MF in the past? (looks like it goes as low as 0.0010 but with less Dealer Cash)
  • MichaellMichaell Moderator Posts: 263,033
    budjevin said:

    Hello and thank you for all your hard work.
    What is the MF and Residual for a 2016 RX350 F Sport for 3yr/12k and 3yr/15k and 3yr/10k for NY and NJ?
    What is the MF and Residual for a 2016 RX350 (non F) for 3yr/12k and 3yr/15k and 3yr/10k for NY and NJ?

    I was told December to Remember starts on Nov 15, not like the poster above me seems to suggest.
    Are those supposed to be the best rates in YOUR experience? Have you seen a lower MF in the past? (looks like it goes as low as 0.0010 but with less Dealer Cash)

    .00190 and 60% / 58% / 61%. All trims.

    Support for the 2016's seems to have ended as of 11/1, as the .00190 is the standard MF from Lexus. No lease incentives, either.

    Probably best to start looking at the 2017's.

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  • kyfdxkyfdx Moderator Posts: 266,739
    budjevin said:

    Hello and thank you for all your hard work.
    What is the MF and Residual for a 2016 RX350 F Sport for 3yr/12k and 3yr/15k and 3yr/10k for NY and NJ?
    What is the MF and Residual for a 2016 RX350 (non F) for 3yr/12k and 3yr/15k and 3yr/10k for NY and NJ?

    I was told December to Remember starts on Nov 15, not like the poster above me seems to suggest.
    Are those supposed to be the best rates in YOUR experience? Have you seen a lower MF in the past? (looks like it goes as low as 0.0010 but with less Dealer Cash)

    $2750 dealer cash on the 2016 RX

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  • joalex208joalex208 Member Posts: 3
    Hi, I'm looking to lease an Rx 350 (MSRP $48,839: prem package, mooroof, blind spot monitor, heated front seats) in MA. Do you know what MF/Res I should expect for 10K@36 months and 10K@42 months? I'm planning to start the least in Nov or Dec. Thank you.
  • MichaellMichaell Moderator Posts: 263,033
    joalex208 said:

    Hi, I'm looking to lease an Rx 350 (MSRP $48,839: prem package, mooroof, blind spot monitor, heated front seats) in MA. Do you know what MF/Res I should expect for 10K@36 months and 10K@42 months? I'm planning to start the least in Nov or Dec. Thank you.

    61% or 57% and .00190

    $2750 dealer cash.

    Residuals are good through the end of the year. MF and dealer cash are valid only until November 30.

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  • joalex208joalex208 Member Posts: 3
    Thanks for the quick response!
  • alexn1234alexn1234 Member Posts: 10
    Hello, Can you please let me know if the following is a good deal. This is for the 2016 RX 350 Premium Package with Nav and 20' Wheels for 36 months and 12k miles per year. This is in the state of IL with a tax rate of 7%.

    MSRP: $53,910
    Dealer Discounts off MSRP (Including Dealer Cash): ($8,495.47)
    Add backs -
    Taxes: $1,469.30
    Acquisition Fee: 700

    Total Capitalized Cost: $47,583.83

    Residual (60%): $32,350.80

    Money Factor: 0.0019

    Monthly Payment: $575

    Total cash at Signing-

    First month payment: 575
    Title and Doc Fees: 390.27

    Total Cash at Signing: $965.27

    Thanks much!


  • MichaellMichaell Moderator Posts: 263,033
    alexn1234 said:

    Hello, Can you please let me know if the following is a good deal. This is for the 2016 RX 350 Premium Package with Nav and 20' Wheels for 36 months and 12k miles per year. This is in the state of IL with a tax rate of 7%.

    MSRP: $53,910
    Dealer Discounts off MSRP (Including Dealer Cash): ($8,495.47)
    Add backs -
    Taxes: $1,469.30
    Acquisition Fee: 700

    Total Capitalized Cost: $47,583.83

    Residual (60%): $32,350.80

    Money Factor: 0.0019

    Monthly Payment: $575

    Total cash at Signing-

    First month payment: 575
    Title and Doc Fees: 390.27

    Total Cash at Signing: $965.27

    Thanks much!

    I agree with the MF and residual.

    The payment math is correct - if you're comfortable with the discount from sticker, you are good to go.

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  • alexn1234alexn1234 Member Posts: 10
    Michaell said:

    alexn1234 said:

    Hello, Can you please let me know if the following is a good deal. This is for the 2016 RX 350 Premium Package with Nav and 20' Wheels for 36 months and 12k miles per year. This is in the state of IL with a tax rate of 7%.

    MSRP: $53,910
    Dealer Discounts off MSRP (Including Dealer Cash): ($8,495.47)
    Add backs -
    Taxes: $1,469.30
    Acquisition Fee: 700

    Total Capitalized Cost: $47,583.83

    Residual (60%): $32,350.80

    Money Factor: 0.0019

    Monthly Payment: $575

    Total cash at Signing-

    First month payment: 575
    Title and Doc Fees: 390.27

    Total Cash at Signing: $965.27

    Thanks much!

    I agree with the MF and residual.

    The payment math is correct - if you're comfortable with the discount from sticker, you are good to go.
    Thanks so much for the quick reply. Yes, I've been haggling for a few days with the sales person at the dealer and he has come down quite a bit from the beginning price. With all the options considered, it appears to be a good discount off the sticker so I'm going for it. Thanks again for your help.
  • lexusmonkeylexusmonkey Member Posts: 25
    What is the Residual and MF on a 2016 AWD Rx350 for 10K miles/yr for 36 months?
  • lexusmonkeylexusmonkey Member Posts: 25
    Also, is the Destination Charge of $975 included when I calculate the Residual?
    Thanks so much
  • MichaellMichaell Moderator Posts: 263,033

    What is the Residual and MF on a 2016 AWD Rx350 for 10K miles/yr for 36 months?

    61% and .00190. $2750 dealer cash.

    Also, is the Destination Charge of $975 included when I calculate the Residual?
    Thanks so much

    The bottom line number of the window sticker (base MSRP + options + destination) are used to calculate the residual.

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  • dkp1111dkp1111 Member Posts: 13
    Hi can you please share the numbers for rx350 fsport in CA 36mo/10k miles? thank you!
  • kyfdxkyfdx Moderator Posts: 266,739
    dkp1111 said:

    Hi can you please share the numbers for rx350 fsport in CA 36mo/10k miles? thank you!

    .00190 MF and 61% residual.
    $2750 dealer cash

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  • freshwaterfreshwater Member Posts: 92
    What are 2016 RX 350 AWD Incentives.?
    I am reading $2750 dealer Cash. Is that available in IL also .
  • freshwaterfreshwater Member Posts: 92
    @alexn1234
    Which Dealer did you get your RX 350. Thats a good Discount you get..
  • MichaellMichaell Moderator Posts: 263,033

    What are 2016 RX 350 AWD Incentives.?
    I am reading $2750 dealer Cash. Is that available in IL also .

    Lexus incentives are national. We only show the $2750 dealer cash.

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  • user1user1 Member Posts: 45
    Hi there! Can you please provide mf and residuals for latest f-sport 24/27 months and 7.5k/10k miles per year?  NJ here.  Thanks!
  • kyfdxkyfdx Moderator Posts: 266,739
    user1 said:

    Hi there! Can you please provide mf and residuals for latest f-sport 24/27 months and 7.5k/10k miles per year?  NJ here.  Thanks!

    .00190 MF. $2750 dealer cash
    69%/68% residual for 24 months
    Subtract 1% for 27 months.

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  • moejojojomoejojojo Member Posts: 10
    Hi...can someone tell me the MF and residual on '17 RX350 in NJ, 36 mo, 7500 mi? There seems to be $1000 loyalty. Anything else?
  • MichaellMichaell Moderator Posts: 263,033
    moejojojo said:

    Hi...can someone tell me the MF and residual on '17 RX350 in NJ, 36 mo, 7500 mi? There seems to be $1000 loyalty. Anything else?

    2017 discussion is here:

    http://forums.edmunds.com/discussion/43202/lexus/rx-350/2017-lexus-rx-lease-questions#latest

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  • mrniepomrniepo Member Posts: 38
    Hi, do you have December #'s for '16 base model in CA @ 36/7.5k and 36/10k? thanks!
  • MichaellMichaell Moderator Posts: 263,033
    mrniepo said:

    Hi, do you have December #'s for '16 base model in CA @ 36/7.5k and 36/10k? thanks!

    62% / 61% and .00190. $2750 dealer cash.

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  • motekmotek Member Posts: 13
    Hello, what do you think of this deal? Going to sign today

    2016 fwd fully loaded with navigation and blind spot monitoring

    MSRP 51,859
    Purchase Price 42,057 with all taxes 45,634
    Money factor is .00190
    Residual 67%

    $475 a month with taxes included and $500 down which includes tag

    Trading in my current Lexus lease so they are giving me 1000 dollars for loyalty
  • kyfdxkyfdx Moderator Posts: 266,739
    motek said:

    Hello, what do you think of this deal? Going to sign today

    2016 fwd fully loaded with navigation and blind spot monitoring

    MSRP 51,859
    Purchase Price 42,057 with all taxes 45,634
    Money factor is .00190
    Residual 67%

    $475 a month with taxes included and $500 down which includes tag

    Trading in my current Lexus lease so they are giving me 1000 dollars for loyalty

    Is it 27/10 or 24/12?

    Looks like a really cheap payment for that vehicle.

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  • coolbizcoolbiz Member Posts: 19
    kyfdx said:
    Hello, what do you think of this deal? Going to sign today 2016 fwd fully loaded with navigation and blind spot monitoring MSRP 51,859 Purchase Price 42,057 with all taxes 45,634 Money factor is .00190 Residual 67% $475 a month with taxes included and $500 down which includes tag Trading in my current Lexus lease so they are giving me 1000 dollars for loyalty
    Is it 27/10 or 24/12? Looks like a really cheap payment for that vehicle.
    It's 27 months, 10k miles per year
  • kyfdxkyfdx Moderator Posts: 266,739
    coolbiz said:


    kyfdx said:

    motek said:

    Hello, what do you think of this deal? Going to sign today

    2016 fwd fully loaded with navigation and blind spot monitoring

    MSRP 51,859
    Purchase Price 42,057 with all taxes 45,634
    Money factor is .00190
    Residual 67%

    $475 a month with taxes included and $500 down which includes tag

    Trading in my current Lexus lease so they are giving me 1000 dollars for loyalty

    Is it 27/10 or 24/12?

    Looks like a really cheap payment for that vehicle.

    It's 27 months, 10k miles per year

    Looks like a bargain.

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  • dealhackrdealhackr Member Posts: 45
    Which state/dealer are you getting that deal?

    MSDs would make it even lower
  • arcane23arcane23 Member Posts: 6
    Hi, can you please share the MF and residual for the following in Texas. Also dealer cash and any other incentive. 

    10k/24mo
    10k/36mo
    12k/24mo
    12k/36mo
  • MichaellMichaell Moderator Posts: 263,033
    arcane23 said:

    Hi, can you please share the MF and residual for the following in Texas. Also dealer cash and any other incentive. 

    10k/24mo
    10k/36mo
    12k/24mo
    12k/36mo

    67% (24/12) or 60% (36/12) and .00190. $2750 dealer cash.

    Add 1% for 10K

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  • blackthorne3blackthorne3 Member Posts: 15
    edited March 2017
    Hi there,

    What's the money factor and residual on a regular 2017 RX350 and Fsport for Southern California. Assuming 12k/year. Thx
  • MichaellMichaell Moderator Posts: 263,033

    Hi there,

    What's the money factor and residual on a regular 2017 RX350 and Fsport for Southern California. Assuming 12k/year. Thx

    The 2017 thread is here:

    https://forums.edmunds.com/discussion/43202/lexus/rx-350/2017-lexus-rx-lease-questions#latest

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  • kapkanimdkapkanimd Member Posts: 136
    Is it safe to say there is no more lease support on 2016s?
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