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Residual value and MF for RX450h

agupta22016agupta22016 Posts: 9
edited March 2016 in Lexus
I want to find out the residual value and MF for 2016 Lexus RX450h AWD with following options:

Luxury package
12.3 inch navigation system with Mark Levinson audio
Lexus safety system+ with premium triple beam LED headlights
Panoramic view monitor with traffic alert
Cold weather package
Color heads up display
Panoramic moon roof
Touch free rear power door
Door edge guards
All weather mats with cargo mat
Cargo net, cargo mats, wheel locks, key glove

Total MSRP: $63,114.00
Dealer will give a discount of $1000 on MSRP.

Car location will be: Harrisburg, PA
Dealer location: MD

The dealer is quoting $814 per month lease rate for 3 year/36k with $7000 down. I asked the dealer for residual value and MF but never heard back.

Thanks,
Arun

Comments

  • kyfdxkyfdx Posts: 111,085

    I want to find out the residual value and MF for 2016 Lexus RX450h AWD with following options:

    Luxury package
    12.3 inch navigation system with Mark Levinson audio
    Lexus safety system+ with premium triple beam LED headlights
    Panoramic view monitor with traffic alert
    Cold weather package
    Color heads up display
    Panoramic moon roof
    Touch free rear power door
    Door edge guards
    All weather mats with cargo mat
    Cargo net, cargo mats, wheel locks, key glove

    Total MSRP: $63,114.00
    Dealer will give a discount of $1000 on MSRP.

    Car location will be: Harrisburg, PA
    Dealer location: MD

    The dealer is quoting $814 per month lease rate for 3 year/36k with $7000 down. I asked the dealer for residual value and MF but never heard back.

    Thanks,
    Arun

    .00140 MF and 63% residual.

    That sounds like a terrible deal.

    Watch out for Maryland sales tax. Make sure you aren't paying it. They charge 6% on the full price of the vehicle, while PA charges tax on the payment.

    $1000 isn't much of a discount, and you should never put $7000 upfront on a lease.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thanks, I knew that the dealer's calculations were way off. Maybe this is the reason why he has stopped responding to my e-mails. It was my mistake saying that $7000 was down payment. It is actually the value of my trade.

    The tax is charged for the state where vehicle is registered, so it will be PA tax.

    PA does charge tax on payments only but the tax rate on car lease payments is 9% instead of 6% which is the PA sales tax rate. So, they give with one hand, take away with another.

    Anyways, the Lexus leasing process has been so stressful thus far that I will never ever look at Lexus again even if I have to walk to work. Moving on to other vehicles.

    Thanks...
    Arun
  • Hello,

    Can you please provide me with the MF and RV for RX 450H in SoCal?


    thanks!
  • kyfdxkyfdx Posts: 111,085

    Hello,

    Can you please provide me with the MF and RV for RX 450H in SoCal?


    thanks!

    .00065 MF and 58% residual for 36/15

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • dj2006dj2006 Posts: 50
    Hey
    Can i get the MF and Residual for a 2017 RX 450H in SoCal with 36/10 and 36/12? Also is there any additional incentives beyond the $2300? Given the much lower repricing of the 2018 RX450H's i was hoping Lexus was giving some additional dealer cash.
    Thanks
  • MichaellMichaell ColoradoPosts: 100,137
    dj2006 said:

    Hey
    Can i get the MF and Residual for a 2017 RX 450H in SoCal with 36/10 and 36/12? Also is there any additional incentives beyond the $2300? Given the much lower repricing of the 2018 RX450H's i was hoping Lexus was giving some additional dealer cash.
    Thanks

    .00001 and 55% / 54%

    No known incentives beyond the $2300

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • nickb81nickb81 Posts: 36
    Looking to lease a RX450HL or a RX350L in so cal.

    what kind of MF and Res. should I expect for 36/10 and 36/12? Also not opposed to 39 months if that is a sweet spot for Lexus. Is there a big difference in terms between the two models? Also, and incentives (military, etc)?

    thanks in advance.


  • kyfdxkyfdx Posts: 111,085
    nickb81 said:

    Looking to lease a RX450HL or a RX350L in so cal.

    what kind of MF and Res. should I expect for 36/10 and 36/12? Also not opposed to 39 months if that is a sweet spot for Lexus. Is there a big difference in terms between the two models? Also, and incentives (military, etc)?

    thanks in advance.


    36/12
    57%/59% residual for 350/450
    .00040 MF
    $1000 loyalty/conquest
    Add 1% for 10K/yr

    No info on model differences

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Numbers for a 2017 RX 450H in New England.

    Open to 24, 36 or 39 months.

    I see 1k conquest online, does the 3k cash apply as well? Or is the 2017 past the point of leasing well?
  • MichaellMichaell ColoradoPosts: 100,137
    javaman11 said:

    Numbers for a 2017 RX 450H in New England.

    Open to 24, 36 or 39 months.

    I see 1k conquest online, does the 3k cash apply as well? Or is the 2017 past the point of leasing well?

    Assuming 15,000 miles per year, 58%, 51% or 49%.

    We don't have the Eastern region MF or incentives, but we see .00001 and $3500 or $3100 lease cash in other regions.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

This discussion has been closed.